Bob Pisani| @BobPisaniPublished 7 Hours AgoUpdated7 Hours AgoCNBC.com [The stream is slated to start at 1:00 PM ET. Please refresh the page if you do not see a player above at that time.]Host Bob Pisani and guests Tim Seymour of Seymour Asset Management and Andrew McOrmond of WallachBeth discuss the best way to get in the global rally and whether a bitcoin ETF is off the table.CNBC's ETF Edge is...Read More
An easing U.S. dollar buoyed on gold pricesThe Dow jumped nearly 300 points in early trading on a round of positive big-cap earnings reactions. By midday, though, the blue-chip index was in the red, with Reuters pointing to a warning from White House economic advisor Kevin Hassett that first-quarter gross domestic product (GDP) could be flat if the government shutdown extends through the end of Ma...Read More
Latest IMF global growth forecast strengthens gold's safety demand.China's slowing growth rate also bodes well for gold's fear component.Rising ETF demand is also supportive of gold's intermediate-term trend.Just when it looked like gold's "fear factor" might be fading, worries over the strength of the global economy have come to the rescue. In today's report, we'll examine the dev...Read More
White House economic advisor Kevin Hassett says U.S. GDP growth in the first quarter could be zero due to the government shutdown.In recent decades, GDP growth in the first quarter has been notably weaker than growth in other quarters.The federal government shutdown is in its 33rd day, with little sign of relief for the roughly 800,000 federal workers going without pay.Thomas Franck| @tomwfranckPu...Read More
Today's huge trade could be a hedge It's turning out to be a down day for drug stocks, as the SPDR S&P Biotech ETF (XBI) trades down 1.8% at $79.43. In the meantime, one options trader is putting their money behind a three-way bearish trade, initiating a put spread with 10,000 contracts of the March 69 and 81 puts, while selling 5,000 at the March 85 call to help fund their endeavor. The put sprea...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
Aerial view of the Cariboo gold project near Wells, B.C. (Image: Barkerville Gold Mines)Barkerville Gold Mines of Toronto continues to intercept very good grades at its Cow Mountain site, part of its Cariboo gold project. The results come from holes drilled last year to upgrade and expand resources.The company seems to have no problem drilling bonanza grades, such as 12.26 g/t gold over 7.6 meters...Read More
Amazon.com is considering offering lower delivery feesStocks are mixedtoday, as traders weigh strong blue-chip earnings against lingering concerns about theglobal economy. Among those struggling are electric car name Tesla Inc (NASDAQ:TSLA) and logistics stock United Parcel Service, Inc. (NYSE:UPS), while cybersecurity specialist FireEye Inc (NASDAQ:FEYE) is higher. Below, we'll take a look at w...Read More
Gold prices ended slightly higher on Wednesday as weakness in the leading dollar index offered support, but some strength in U.S. equities kept a lid on gains for the precious metal. A mixed picture on the economic outlook and major global issues, including trade and Brexit uncertainty, has also contributed to recent gains for the haven metal. Gold for February delivery on Comex GCG9, -0.10% rose...Read More
Gold prices ended slightly higher on Wednesday as weakness in the leading dollar index offered support, but some strength in U.S. equities kept a lid on gains for the precious metal. A mixed picture on the economic outlook and major global issues, including trade and Brexit uncertainty, has also contributed to recent gains for the haven metal. Gold for February delivery on Comex GCG9, +0.09% rose...Read More
• Gold met with some aggressive selling in the last hour and has now eroded a major part of the previous session's goodish bounce from closer to over two-week lows. • The intraday uptick failed to sustain above 100-hour SMA and quickly ran out of steam near an important horizontal support break-point now turned resistance. &bul...Read More
Detour Gold Corp. has provided guidance for this year. The numbers are in line with the Detour Lake project's life of mine plan released in June 2018.Gold production for the full year will be between 570,000 and 605,000 oz. That means that 115 million tonnes of ore and waste will be mined from the Detour Lake pit in 2019.Mill throughput will be from 21.5 million to 22.0 million tonnes in 2019 at a...Read More
Several travel names will report earnings tomorrow morningEarnings season is underway, with the airline sector getting set to take its turn in the limelight. Among those on tap to report are American Airlines Group Inc (NASDAQ:AAL), JetBlue Airways Corporation (NASDAQ:JBLU), and Southwest Airlines Co (NYSE:LUV), and the options market is expecting outsized earnings reactions for each travel stock....Read More
Russia not only books a Surplus, but also reduces its debt! Currencies are stuck in the mud... Good Day… And a Wonderful Wednesday to you! It was a long day yesterday for yours truly, that began with a trip to Roger Dean Stadium for an exchange of tickets that they gave me in error… I made the person at the window pull out my order sheet, to confirm that they made the err...Read More
Kerrisdale Capital thinks Qualcomm's value could be cut in halfQualcomm, Inc. (NASDAQ:QCOM) is trading down 2.7% at $52.81 following a short seller report out of Kerrisdale Capital, which suggested the stock could fall 50%. Kerrisdale called out the regulatory risks facing Qualcomm, particularly its licensing business, predicting the company will lose its legal battle against the Federal Trade Co...Read More
Traders are concerned about economic growth The Dow Jones Industrial Average (DJI) was up nearly 300 points earlier, riding a trio of solid blue-chip earnings. However, the Dow has pared its gains amid lingering concerns about the global economy, U.S.-China trade relations, and the U.S. government shutdown. Meanwhile, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) have turned lower at midda...Read More
Atlassian stock nabbed a post-earnings record high last weekAtlassian Corporation PLC (NASDAQ:TEAM) started the new year off on the right foot, nabbing a record high of $100 on Jan. 18 in the wake of an upbeat quarterly report. While a pullback has since ensued, if past is precedent, the collaborative software stock could be due to revisit those record highs in the coming weeks. Specifically, TE...Read More
Goldsource Mines has discovered more near surface gold with the first two drill holes of an ongoing exploration campaign at its Salbora gold target, 1.5 km northwest of its Eagle Mountain gold project in Guyana.The two diamond core holes cut gold mineralization below a previously dug trench that returned 1.92 grams gold over 123 metres. The company estimates the target's surface foot print is 500...Read More
Galway Metals has discovered 7 metres of visible gold starting 51 metres downhole in a new area of its Clarence Stream project in New Brunswick, its second gold discovery on the property in two and a half years of drilling.The new gold zone is along strike of the project's George Murphy and Jubilee Zones.The discovery hole intersected weathered, altered sediments with disseminated pyrite and arsen...Read More
The activist investment firm sees 50% downside risk for DOXThe shares of Amdocs Limited (NASDAQ:DOX) are getting crushed this morning, after short seller Spruce Point Capital Management weighed in on the software concern. Specifically, the firm sees up to 50% downside risk in DOX shares, calling them a "strong sell" due to shady financials and accounting practices. The report claims Amdocs "has en...Read More