Tactile Systems Technology is heading toward its best day everStocks are modestly higher today, but have pared bigger gains from earlier in the morning. A few notable names making outsized moves today are Dow stock Verizon Communications Inc. (NYSE:VZ), railroad stock Union Pacific Corporation (NYSE:UNP), and medical device maker Tactile Systems Technology Inc. (NASDAQ:TCMD). Below, we'll take a...Read More
PCG stock hit a 15-year low earlierIt's been a rough week for PG&E Corporation (NYSE:PCG). The shares plunged 22.3% yesterday as bankruptcy buzz swirled around the California utility name. Today, the stock is down 11.1% at $16.83, fresh off a 15-year low of $15.78, after S&P Global cut PCG's credit rating to "junk" status and warned additional downgrades could come down the pike if "management doe...Read More
December payrolls were strong – but gold prices rose. What happened? Job Creation Surprises Positively U.S. nonfarm payrolls accelerated in December, beating expectations. The economy added 312,000 jobs last month, following a rise of 176,000 in November (after an upward revision) and significantly above 182,000 forecasted by the economists. The number was the biggest increase since F...Read More
The lights are out in D.C. for an 18th straight dayThe partial U.S. government shutdown has been in effect for 18 days, as lawmakers fail to compromise on a budget. In fact, President Donald Trump is expected to address the nation at 9 p.m. ET tonight, to make a case for funding the controversial border wall. We are just days away from surpassing the longest-ever government shutdown, which happene...Read More
Tanzania named a new mining minister on Tuesday amid a prolonged spat between the government and gold producer Acacia over a $190 billion tax bill, which has severely limited the London-listed company's operations in the East African nation.Dotto Biteko, whose appointment was announced by presidential official John Kijazi on state television, is the third mining minister President John Magufuli ha...Read More
The retailer will unveil its quarterly results after tomorrow's closeHome goods retailer Bed Bath & Beyond Inc. (NASDAQ:BBBY) is slated to report fiscal third-quarter earnings after the market closes tomorrow, Jan. 9. It's been a relatively quiet stretch for BBBY stock, per its 60-day historical volatility of 48.6% -- in the tame 36th annual percentile. However, the options market is expecting a b...Read More
Gold shines in this friendly macro environment.While ETF investment demand for gold was stable in 2018, speculative demand dropped sharply.Monetary demand for gold should rise strongly in Q1 2019 due to gold's insurance qualities.Trading momentum is positive for gold, signaling a continuation of the rally in near term.Consider GLDM to play the appreciation in gold prices. Expect, Maryna Suprun (Sa...Read More
CLVS stock rallied more than 18% yesterday Yesterday, Clovis Oncology Inc (NASDAQ:CLVS) surged more than 18%, after better-than-expected sales numbers for its cancer drug Rubraca, as well as a bull note from Leerink. However, the good times for CLVS may soon come to an end, if history is any guide.Specifically, the security is trading within one standard deviation of its 80-day moving average. In...Read More
Gold imports by India tumbled by a fifth last year as high domestic prices deterred buyers in the second-biggest consuming nation and local stores remained well-stocked, highlighting a headwind to global demand even as bullion in dollars gains on renewed haven buying.Overseas purchases fell to 762 metric tons in 2018, a 20 percent slump from the previous year, according to a person familiar with t...Read More
The Nasdaq briefly turned negativeThe Dow Jones Industrial Average (DJI) was up more than 300 points at its morning peak, but has since pared its gains to trade about 100 points higher. Stocks started out strong, with traders hopeful about the ongoing trade talks between the U.S. and China, but have lost steam as bank stocks like JPMorgan Chase (JPM) and Wells Fargo (WFC) drop on negative analyst...Read More
Gold-backed exchange-traded funds ended 2018 with new inflows globally as uncertainty about Britain's exit from the EU drove investors to the perceived safety of European-backed ETFs, more than offsetting outflows in North America resulting from a strong U.S. dollar.Gold-backed exchange-traded funds (ETFs) worldwide registered net inflows of $3.4 billion, a 3 percent annual rise and increased by 6...Read More
Every year, I list my top 10 gold stock picks for the upcoming year for marketplace subscribers.I think these picks will outperform peers, and I use the VanEck gold miners index as a benchmark index.Here's how I make my selections and a few picks for readers. GDX data by YCharts It's time again for my annual list of the top gold stocks for the upcoming year. If you are unfamiliar with these ar...Read More
An overdue round of bull notes could create tailwinds for PGProcter & Gamble Co (NYSE:PG) has rallied more than 30% since its mid-2018 low of $70.73, and touched a record high of $96.89 in mid-December, even as the broader equities market struggled. Since that high, the shares have pulled back to the $92 area, home of their early 2017 highs and 2017 close. We believe the stock's current breather p...Read More
The chipmaker's new self-driving platform will go into production by next yearThe shares of Nvidia Corporation (NASDAQ: NVDA) moved higher out of the gate today, after the company announced that its new self-driving platform, Drive AutoPilot, will go into production by 2020. The chipmaker said the platform has already been optioned by a pair of German auto suppliers. However, NVDA stock has since...Read More
Morgan Stanley, meanwhile, tapped JPM as a top pick for 2019JPMorgan Chase & Co. (NYSE:JPM) is in the spotlight today, after the big-cap financial firm received a bevy of brokerage notes. Citing a potential slowdown in Fed rate hikes and increasing fears of a recession, Jefferies downgraded JPM stock to "hold" from "buy," and lowered its price target to $110 from $130 -- a 9.2% premium to last nig...Read More
Despite recent volatility, GOOS shares have a solid YoY leadWinter weather apparel maker Canada Goose Holdings Inc (NYSE:GOOS) just opened its first store in China to much fanfare, but Apple's (AAPL) warning about the country's economy may have some investors concerned about the retailer's prospects there. Susquehanna in a note said there's nothing worry about with GOOS, though, expecting a "long...Read More
The brokerage firm cited strong growth in cannabis use among adultsThe shares of Tilray Inc (NASDAQ:TLRY) are up 1.7% in electronic trading, after Cowen said U.S. cannabis sales will reach $80 billion by 2030 -- $5 billion more than its previous forecast -- citing larger-than-forecast gains in reported cannabis use among adults. Cowen also noted that beer sales declined 2018 on increased cannabi...Read More
• A goodish pickup in the US bond yields revive USD demand and prompt some selling. • The prevalent risk-on mood further dents the commodity’s relative safe-haven status. • Focus shifts to Wednesday’s latest FOMC meeting minutes/Powell’s speech on Thursday. Gold extended the overnight retracement slide from the...Read More
The Dow could jump 200 points at the openDow Jones Industrial Average (DJI) futures are signaling a strong start for stocks, trading well above fair value this morning. Traders willmonitortrade-related headlines as talks continue between the U.S. and China, while also awaiting a prime-time address from President Donald Trump over the government shutdown. In the meantime, there will be more economi...Read More
The 128-week moving average marked a bottom for AAPL in August 2015It was just under a month ago in this space that we discussed the significance for Apple Inc. (NASDAQ:AAPL) of its 64-week moving average, which had emerged as a new -- and immediately formidable -- layer of resistance during the course of the stock's fourth-quarter sprint from trillion-dollar market cap into bear-market territory....Read More