By Gary SavageMar 23, 2020https://blog.smartmoneytrackerpremium.com/Read More
Gold logged its best day in over 10 years as wellThe Dow experienced a much-needed surge today, logging its best percentage gain since 1933. The blue-chip index surged toward the finish line today, as all signs point to a historic stimulus bill near agreement that would help buoy a floundering U.S. economy. The S&P 500 and Nasdaq both joined the Dow with big gains of more than 8%, as stocks rebou...Read More
YUMC just ran up to a historically bullish trendlineYum China Holdings Inc (NYSE:YUMC) is making news today after the China-based fast food firm this morning said it was seeing early stages of recovery following the peak of the coronavirus outbreak in the region. The KFC parent announced that 95% of its stores are either fully or partially open, and added that while same-store sales are still in d...Read More
There's a lot of optimism surrounding BZUN to be unwound Just yesterday, Jefferies trimmed its price target on Chinese e-commerce company Baozun Inc (NASDAQ:BZUN) to $36.60 from $39. And although BZUN is up 2.6% to trade at $25.93 today, the stock's technical picture is currently worth digging in to.In the last week, Baozun stock has seen new resistance emerge at its -20% year-to-date level after...Read More
Major indexes are in the black as congress promises a quick decisionExpanding off its early morning surge, the Dow Jones Industrial Average (DJI) is up around 1,500 points midday, driven heavily by outperforming Boeing (BA), American Express (AXP), and Chevron (CVX). The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also making sizable gains, after yesterday falling to multiyear lows along...Read More
Bernstein upgraded SPOT to "market perform" but slashed its price target Shares of music streaming specialist Spotify Technology SA (NYSE:SPOT) are up 8.4% at $128.50 mid-morning, as traders react to a note out of Bernstein. The analyst upgraded SPOT to "market perform" from "underperform," and cut its price target to $124 from $134. Bernstein noted that while Spotify's stock value has seen a siza...Read More
Twitter just withdrew its first-quarter guidance Twitter Inc (NYSE:TWTR) is in the spotlight this morning after deciding to withdraw its first-quarter revenue and operating forecast amid the growing economic effects of the coronavirus pandemic. The social media giant said the outbreak has negatively effected ad sales, though the number of active users on the platform has increased. The stock is tr...Read More
Amazon stock rose after it announced it would be cracking down on sellers attempting to price gouge during the pandemic.While the global economy continues to reel and people fear the availability of certain everyday items in the wake of the coronavirus pandemic, Amazon Inc (NASDAQ:AMZN) announced it has removed over 3,900 accounts it has flagged for price gouging. Additionally, Amazon has removed...Read More
The information and analysis services stock was oversold going into todayIHS Markit Ltd (NYSE:INFO) is up 15.1% to trade at $52.43 this morning following an earnings beat. The information services company reported adjusted first-quarter profits of 66 cents per share, higher than Wall Street's anticipated 64 cents per share. The reported revenue of 1.08 billion was right on par with IHS Markit's es...Read More
Schumer and Mnuchin are optimistic that an stimulus bill agreement will soon be reached Dow Jones Industrial Average (DJI) futures are swinging higher in early market trading, up over 900 points before the bell. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are seeing sizable swings of their own, with all three indexes hitting their "limit up" earlier. This morning's market sur...Read More
Jack ChanPosted Mar 23, 2020The word “crisis” in Chinese is danger/opportunity.Ancient Chinese wisdom has taught us that when there is danger, there is opportunity. 1987.2000.2008.Now.Current market condition has wreaked havoc in all sectors, stocks, ETFs, currencies, and bonds. And the carnage may not be over as past major corrections in 2000 and again in 2008 were at 50 to 60%, and t...Read More
To Watch Update #54, CLICK HERECovid-19's exponential spread across the world continues unabated, except in China, where the rate of officially reported new cases has slowed dramatically. At the same time, cases in India are on the rise. Might India be the next big outbreak location? Time will tell. Meanwhile, this honey badger of a virus shows that it "just don't care" who you are. We are getting...Read More
Spread the word. Help make knowledge go viral!Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street...Read More
Harley Schlanger's work can be found at LaRouchePAC.com.Read More
Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to com...Read More
Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
Last Monday, a bipartisan group of Senators and a coalition including libertarian and progressive activists thwarted a scheme to ram through the Senate legislation renewing three provisions of the USA FREEDOM Act (previously known as the USA PATRIOT Act). The bill had already been rushed through the House of Representatives, and most expected it to sail through the Senate. But, instead, Senate lea...Read More
Most Americans doubted that these types of measures would happen at home, but police in California have already announced a plan to use drones equipped with Continue...Read More
The Fed is attempting to stop this repricing from going any further. They essentially announced they are nationalizing the markets. They will set the price and provide the credit. They are hoping to stop the completion of the post-virus repricing.Continue...Read More
Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More