Yesterday we ventured a cowardly 2019 forecast, in humble recognition of our erring psychic vision.Markets would rise, we soothsaid - or fall - or end the year precisely where they began.We likewise predicted the economy would advance, retreat or jog in place.Some readers denounced our abject cowardice.Take your stand upon one hill or the other, they thundered. But take your stand:"Make a call," d...Read More
LONDON, 3 January 2019 - BullionVault director of research Adrian Ash was a guest today on India finance channel CNBC-TV18, talking about the surge in precious-metal prices."It's a very happy New Year for gold owners right now," said Adrian by phone from London, noting the 7-month Dollar peak."The price is moving very quickly in other currencies. Clearly what's driving this move is what's happenin...Read More
- Are we to prepare for a global Debt Bubble Collapse in 2019?- 2019 to see the political and economic uncertainty of 2018 continue and likely to deepen- Investors lulled into a false sense of security by politicians, brokers, bankers etc.- Much "cheer leading" of the "economic recovery" narrative and by extension financial markets - particularly property and stock markets- Trade wars, currenc...Read More
BloombergAn employee fills out paperwork as vehicles move down the assembly line at the Subaru of Indiana Automotive Inc., a wholly-owned subsidiary of Fuji Heavy Industries Ltd., manufacturing facility in Lafayette, Indiana. The numbers: A survey of American manufacturers showed the slowest growth in December in 15 months, reflecting a dip in confidence among executives about how their businesse...Read More
Stocks slid initially on signs of a cooling global economyIt was a volatile start to the new year, with the Dow exploring a 484-point trading range on both sides of breakeven. While signs of a weakening global economy got the bears going early on, bulls rushed in at midday as oil prices climbed. The price action eventually resolved to the upside, with attentionshifting to today's meeting between P...Read More
It's easy to prepare your retirement savings for the New Year.It's that time of year again.Yes, the holiday season is filled with shopping and Christmas parties, but we still have to squeeze in a little time for end-of-year portfolio housekeeping. Because let's face it, life isn't exactly going to slow down once we hit the first of the yearIt's particularly important to take a good look at your 40...Read More
Weak Chinese data had BIDU in the red this morningThe shares of Baidu Inc (NASDAQ:BIDU) were lower in early trading, pressured by weak Chinese economic data. However, BIDU stock was last seen up 3.2% at $163.67, after the Beijing-based e-commerce concern said 2018 revenue grew on a year-over-year basis. The bullish reversal has sparked heavier-than-usual call volume, with a number of traders eyein...Read More
More bear notes could be on the way for LPX, AKAM, and GMEDOn the first trading day of 2019, stocks pared their sharp losses and turned higher at midday. Lumber manufacturer Louisiana-Pacific Corporation (NYSE:LPX), cloud concern Akamai Technologies, Inc. (NASDAQ:AKAM), and medical device maker Globus Medical Inc. (NASDAQ:GMED) are all lower on negative analyst attention. Below, we'll take a loo...Read More
FAANG-heavy FDN hit an annual low in late DecemberTech stocks took a hit in 2018, with the technical weakness underscored by the price action in the First Trust Dow Jones Internet ETF (FDN) -- a fund that includes several FAANG members as its top holdings -- which tagged an annual low of $107.06 on Dec. 24, and closed out the fourth quarter down 17.6%. This has left a number of analysts scrambling...Read More
A pair of retail stocks could struggle in the short termWe recently outlined the best stocks to own in January and the first quarter, historically. Today, we'll take a look at stocks that could struggle in the short-term, if past is prologue. Among some of the worst January stocks is luxury retailer Tiffany & Co. (NYSE:TIF), while Victoria's Secret parent L Brands Inc (NYSE:LB) has been among the...Read More
Call volume is surging on the cloud concernA number of tech stocks have turned higher this afternoon, helping push the Nasdaq into positive territory. One name making a notable upside move is Box Inc (NYSE:BOX). The shares of the cloud specialist were last seen trading up 8.1% at $18.25, thanks to fresh M&A buzz pegging the company as a potential buyout target. Options activity has picked up in a...Read More
Traders don't need to wait until the opening bell to start raking in massive wins.In light of the recent market action, many traders are taking time to reevaluate their portfolios...Analyzing their open positions...And getting ready to make any needed changes to their trading in the weeks and months ahead.However, most traders are under the impression that they have to wait until markets open to...Read More
Procter & Gamble was named one of BofA-Merrill Lynch top picks for the first quarterBofA-Merrill Lynch just named Procter & Gamble Co (NYSE:PG) one of its "high conviction ideas" for the first quarter of 2019. The brokerage firm said it sees sustainability in P&G's recent revenue strength, and that the company is positioned to beat earnings per share (EPS) and organic sales estimates. Looking at t...Read More
The DJI was down triple digits in early tradingThe Dow Jones Industrial Average (DJI) was down triple digits to start the session, as weak manufacturing data out of China fueled fears of a global economic slowdown. However, the Dow has since pared most of its losses -- and briefly turned higher -- while the tech-rich Nasdaq Composite (IXIC) has pulled a 180 to kick off 2019 in the black. Oil price...Read More
The chip stock is also historically strong in JanuaryIt was a brutal 2018 for chip stocks, and Skyworks Solutions Inc (NASDAQ:SWKS) was no exception. The semiconductor name shed 32% last year, but there could be clearer skies ahead, if history is any indicator. For one, Skyworks stock tends to outperform during the first quarter, looking back 10 years. According to Schaeffer's Senior Quantitat...Read More
A free tool can help traders bank big during the upcoming earnings season.Too many investors let their portfolios slip during the busy holiday season, but this is a huge mistake... especially with the market moving events just around the corner!With the crazy market action investors have been seeing lately, right now is the time to prepare to bank big wins.It's important for investors to position...Read More
BofA-Merrill Lynch is the latest brokerage firm to call MRVL stock a "buy"BofA-Merrill Lynch placed Marvell Technology Group Ltd. (NASDAQ:MRVL) on its "high conviction" list for the first quarter, and called the semiconductor stock a "buy" -- echoing a recent bullish call from Citigroup. The upbeat analyst note has MRVL stock brushing off broad-market headwinds to trade up 0.3% at $16.23.Longer te...Read More
Shares in explorer SolGold (LON, TSX:SOLG) closed 2.3% higher in London and were trading up 8.3% in Toronto early morning after it announced it had discovered a new copper and gold mineralization at its Porvenir project, located in southern Ecuador.A broad zone of northeast-trending porphyry mineralization about 1km-wide and hosting numerous porphyry centres currently defined over 6km-long and...Read More
Shares of ABT and HOLX are in the red as a result In our Opening View newsletter today, we noted the high number of analyst notes that have come out this morning, not surprising given the turn of the calendar year. Two stocks that analysts are bearish on going forward are healthcare names Abbott Laboratories (NYSE:ABT) and Hologic, Inc. (NASDAQ:HOLX). Below is a brief look at how brokerages are po...Read More
Newly public Finland gold explorer Firefox Gold (TSXV: FFOX) recently identified five new gold targets on its Jeesio gold project in Northern Finland's central Lapland greenstone belt after compiling samples in its geochemical database.The 2,751-sample Jeesio database contains 838 new till samples from the company's recently completed bottom of till sampling program, 768 historical Geological Su...Read More