Z is outperforming the broadmarketReal estate app Zillow Group (NASDAQ:Z) was testing all-time high territory last week, and has just pulled back to around the $50-$52 level. Now 19% higher year-to-date, the tech name is outperforming the broader market. With this foundation in place, now looks like an opportune time for bulls to circle in. Digging deeper, the majority of analysts still have tepi...Read More
Options traders are picking up TDOC calls at an elevated clip today Online healthcare platform Teladoc Health Inc (NYSE:TDOC), has been joining a good chunk of its sector peers in bucking the broadmarket trend in recent weeks, with coronavirus fears actually boding well for the tech name as more patients anxious over the outbreak turn to remote health services over traditional office visits. In fa...Read More
COVID-19 fears continue to drive stocks lowerThe Dow Jones Industrial Average (DJI) is extending its losses this afternoon, down almost 600 points as Wall Street fails to adjust to the potential long-term outcome of the global spread of COVID-19. With over 94,000 cases now reported by the World Health Organization (WHO), safe haven assets are looking attractive, sending April-dated gold futuresup...Read More
The retailer's fourth-quarter earnings exceeded analysts' expectations Shares of Burlington Stores Inc (NYSE:BURL) are up 1.1% at $221.12 this morning after announcing fourth-quarter profits of $3.25 per share, which was right on the money for Wall Street's estimations, and a 42-cent increase from the same quarter last year. And while the retail sector continues to struggle amidst the growing coro...Read More
AEO's 50-day moving average has kept a lid on any rallies since NovemberAmerican Eagle Outfitters (NYSE:AEO) stock was looking to take a much needed climb today after a recent two-year low of $12.24 on Monday. Boosted by the demand for Aerie -- its sub-brand -- the retail company reported adjusted fourth-quarter profits of 37 cents per share, just over Wall Street's expected 36 cents per share. Ho...Read More
Broadcom, Adobe, Gap, and Ulta will step into the earnings confessionalThe earnings calendar is starting to thin out, but next week still has a lot for investors to look forward to. There's the latest inflation data to unpack, as well as the University of Michigan consumer sentiment index at the end of the week. Of the companies that do report earnings, Apple supplier Broadcom (AVGO), Adobe Sys...Read More
Virgin Galactic's CEO will take a 20% pay cut, while the executive team's wages will be reduced by 15%Buzzy space-exploration stock Virgin Galactic Holdings Inc (NYSE:SPCE) is getting hit today after MarketWatch reported that its CEO Shai Weiss will take a 20% pay cut. Meanwhile, the rest of the executive team's wages will be reduced by 15%, in order to field some of the $113 billion in losses the...Read More
Dow futures are signalling a roughly 600 point drop this morning It appears as if yesterday's Super Tuesday surge will be short-lived, with stock futures signaling significant drops this morning. Dow Jones Industrial Average (DJI) futures are eyeing a roughly 600 point tumble, paring a chunk of yesterday's massive quadruple-digit gains, whilethe S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) a...Read More
Bob Moriarty ArchivesMar 5, 2020What if you gave a party and no one came? The Fed found themselves in that embarrassing position on Tuesday as they dumped a .5% drop in the Fed Funds rate onto a startled market. The market wasn’t startled at the interest rate decline, the market was startled because when the Fed spiked the punch one more time no one would drink the Kool Aid.I’ve said f...Read More
Craig Hemke, TF MetalsThough we just wrote about this last week, Tuesday's "emergency" fed funds rate cut demands that we write this update. Why? Because the bond market action in the hours since foreshadows even more cuts later this month, and this will have direct implications for gold, silver, and the U.S. dollar.So let's begin with last week's link. If you missed it, that's OK. Here's your c...Read More
Dave Kranzler, Investement Research Dynamic's Mining Stock JournalA few of my subscribers asked me recently about the lethargic action in the miners lately given that the price of gold has started moving higher again. But it helps to step back and look at a longer time-frame. For the last 52 seeks, the HUI has significantly outperformed GLD. I also ran the comps for 6 months, 3 months and 1 mont...Read More
By: Ira EpsteinGold is fighting a battle. Momentum is slightly up, but needs to get above $1,654.30 swing line..Read More
Near zero bond yields globally will ensure that sharp corrections in gold will be used to invest for the short term as long as term. Guarded optimism in silver at the moment. One needs to remain on the sidelines till Monday. Clear picture of the spread of corona virus in USA and India will be known by end of next week. USA and India are two big consumers of goods and services. A big global slowd...Read More
Points that Investors& Executives of Small Mining Companies (Juniors) should consider.1-Small cap gold and base metal stocks differ in several ways from large cap metals and are best approached on a potential value basis. That would be what a company expects to have "in the ground" and/or what the company eventually expects to prove. Successful invest...Read More
The maiden Inferred resource estimate is discussed in this report. Gold Terra Resource Corp. (YGT:TSX.V) [which until February 2020 was known as TerraX Minerals] announced last November an overall maiden Inferred resource of 735,000 gold ounces (oz Au). Incremental Positive: The company announced an overall maiden Inferred resource of 735,000 oz Au at an average grade of 1.79 gpt Au. The global r...Read More
Great Panther Mining has earned an Outperform rating from Noble Capital Markets, while three other firms rate it a Buy. Great Panther Mining Ltd. (GPR:TSX; GPL:NYSE.American) has been a beehive of activity this year. On January 6, the company announced that it entered into a US$11.25 million gold dor? prepayment agreement with Samsung C&T U.K. Ltd.Samsung is advancing the funds for the delivery a...Read More
During turbulent times like these, markets can be melting downone day… and zooming higher the next. Gold may serve as a fantastic safe-havenasset one day… but get hammered by futures traders the next.The news cycle can be just as volatile. One report may show thecoronavirus is receding in China, while another may raise alarms about itsspread in other parts of the world.One poll may s...Read More
Deep-pocketed speculators miss the big turns -- but you don't have to Hedge fund managers are considered to be among the smartest people on Wall Street.Ironically, as a group, they're notorious for consistently being on the wrong side of major turns in the markets they trade. By contrast, a group of insiders called Commercials are generally on the right side of major market turns. With that in min...Read More
Craig Hemke, TF MetalsThough we just wrote about this last week, Tuesday's "emergency" fed funds rate cut demands that we write this update. Why? Because the bond market action in the hours since foreshadows even more cuts later this month, and this will have direct implications for gold, silver, and the U.S. dollar.So let's begin with last week's link. If you missed it, that's OK. Here's your c...Read More
Dave Kranzler, Investement Research Dynamic's Mining Stock JournalA few of my subscribers asked me recently about the lethargic action in the miners lately given that the price of gold has started moving higher again. But it helps to step back and look at a longer time-frame. For the last 52 seeks, the HUI has significantly outperformed GLD. I also ran the comps for 6 months, 3 months and 1 mont...Read More