ETFC has added 7% in 2020Just one week off the buyout that led to its best day since 2009, E-Trade Financial Corp (NASDAQ:ETFC) is trading modestly higher, up 0.6% at $48.81, despite receiving a downgrade to "market perform" from "outperform" at Raymond James. Yesterday ETFC marked its third-straight loss on the charts, but remains well above its recently supportive 120-day moving average. Year-t...Read More
WEN shared earnings that were in-line with estimatesShares of Wendy's Co (NASDAQ:WEN) are down 2.3% this morning, last seen at $22.42. The fast-food chain forecast a weaker-than-expected full-year outlook, but revealed fourth-quarter earnings that were in-line with estimates. Meanwhile, Wendy's also reported bigger-than-expected capital costs on for the year, as they roll out a new breakfast menu...Read More
Lowe's posted Q4 earnings that beat analysts' expectations, but same-store sales and revenue that missed the mark Lowe's Companies, Inc. (NYSE:LOW) took its turn in the earnings confessional this morning, and the results are a mixed bag. The home improvement retailer posted fourth-quarter adjusted earnings of 94 cents per share, which beat analysts' estimates, but announced $16 billion in revenue...Read More
U.S. stock indexes will try to gain again todayDow Jones Industrial Average (DJI) futures are pointing to a positive open for stocks this morning after the historic two-day coronavirus-inspired sell-off. However, traders will likely remain on edge throughout the session, given how quickly equities gave up early morning gains on Tuesday. What's more, President Donald Trump has said he will be holdi...Read More
Copper's performance is often seen as an indicator for stocksStocks continue to pull back with uncertainty surrounding the coronavirus. A pullback may not be a big surprise to those who subscribe to the Dr. Copper theory. Copper is a popular metal in a variety of areas of the economy. Investopedia says "... from homes and factories to electronics and power generation and transmission - demand for...Read More
Jack ChanPosted Feb 25, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal. Short-term signals can last for days and weeks and are more suitable for traders.Speculation on gold is at a new high, but what more important is, a new speculative bottom is now established. That will hel...Read More
To Watch Update #31, CLICK HEREAs 19th century German philosopher Arthur Schopenhauer claimed, "All truth passes through three stages: First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as self-evident." After weeks of denial, and attacks on voices like Peak Prosperity who dared question the "Everything is fine!" narrative, world governments and their mass media partner...Read More
In February, Mohamed El-Erian, chief economic advisor at Allianz, said that he would advise resisting the temptation to buy the initial coronavirus dip. He joins "Squawk Box" by phone to discuss his position following Monday's market sell-off.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer o...Read More
To Watch Update #30, CLICK HEREOK...despite more worldwide infections than ever, the WHO has decided to stop using the (technically very accurate) term "pandemic" to describe covid-19, presumably because they don't want to scare folks. The CDC is claiming that the US is not seeing "community level" spreading of the virus. But of course it isn't, because it's NOT testing at the community level. And...Read More
Bob Kudla joins SGT Report to discuss how the coronavirus might bring the world economy and global stock markets to their knees.Bob's website: tradegeniusacademy.comRead More
All major indexes down and looking weak.Dumb money is piling into treasuries. Safe-haven money is moving to gold.CNBC still obsessed with bitcoin. Remains silent on record breaking gold prices.Warren Buffet thinks Bitcoin is garbage and it's going to $0.Baby Boomers sowed the winds for socialism.If you thought Obama was bad with executive orders, just wait for a President Sanders.The markets will...Read More
"The U.S. economy is a giant bubble...There are some much deeper problems than the coronavirus." 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 o...Read More
A prime example of how out-of-control government regulations hit small business owners the hardest. Continue...Read More
The ruling class doesn't want you to think, they want you to simply accept the nonsensical stories they tell you. By contrast, I don't want readers to blindly accept any of my conclusions, rather, I want Continue...Read More
Big Brother's on full display in China right now, but he could be on his way here before too long.Continue...Read More
Links to slides and sources: https://www.itmtrading.com/blog/is-co...Over the weekend reported new cases and new deaths caused by the coronavirus spiked outside of China. European markets fell near 5% and this morning the Dow opened Down almost 1,000 points. We've been wondering where and when the black swan event that would topple this global house of cards and this appears to be it. Can global c...Read More
Harley Schlanger's work can be found at LaRouchePAC.com.Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
"We see the virus spreading in new parts of the world every day, and we are taking the necessary steps to protect San Franciscans from harm."Continue...Read More
"I had this nightmare that somehow in Davos, all of us who went there got it, and then we all left and spread it," Dimon said Tuesday. "The only good news from that is that it might have just killed the elite."Continue...Read More