Stocks are trading mixed during the last trading day of the year. A few names making big moves are tech issue Energous Corp (NASDAQ:WATT), biotech Atara Biotherapeutics Inc (NASDAQ:ATRA), and bank stock Goldman Sachs Group Inc (NYSE:GS). Let's see what's moving shares of WATT, ATRA, and GS. WATT Stock Honeymoon Comes to an EndAfter two gigantic up days, Energous stock is trading 15.2% lower at $...Read More
Today we are taking a closer look at volatility -- specifically, what it means when there is an abundance or lack of volatility, as well as the two primary types of volatility each options trader must know. In the simplest terms, volatility is defined as the propensity of the underlying stock's market price to change in either direction... but there's much more to the topic than that. Below, we wi...Read More
Vehicle components supplier BorgWarner Inc. (NYSE:BWA) this morning received a price-target hike to $52 from $48 at Evercore ISI. However, the shares were last seen trading 1.6% lower at $51.27, and are set to snap a three-month win streak after pulling back from their Nov. 30 record high of $55.86. However, data suggests this recent weakness could be an opportunity to catch long-term outperformer...Read More
Despite its forays into bitcoin, payments platform Square Inc (NYSE:SQ) has struggled to translate that buzz into stock momentum. Still, Square shares have added 154% in 2017, even though they're down 2% today to trade at $34.42. The SQ pullback could be a buying opportunity, however, as it's now within one standard deviation of the 80-day moving average, a trendline that has offered support si...Read More
(Adds details, quotes, context)MOSCOW, Dec 29 (Reuters) - Russian coal and steel producer Mechel said on Friday that talks with banks on restructuring a $1 billion syndicated loan had concluded successfully.Mechel, which is controlled by businessman Igor Zyuzin and came close to bankruptcy last year, had circulated the final draft of a restructuring proposal among its creditors last week. It need...Read More
It's been a banner year for the U.S. stock market, even as the American social and political climates swirled with controversy. The major market indexes rallied to record highs amid the lowest volatility in years, and a strengthening economy triggered a trio of Fed rate hikes. So-called "FAANG" stocks and bitcoin were all the rage, and the CBOE Volatility Index (VIX) -- or Wall Street's "fear gaug...Read More
U.S. stocks are trading lower at midday, quickly reversing early gains. More specifically, the Dow can accredit most of its losses to Goldman Sachs (GS) and Apple (AAPL) stocks, the latter of which is lower after the company apologized for slowing older iPhones. The major market indexes are still pacing for their best year since 2013, however, with the Dow eyeing its longest monthly win streak in...Read More
Online streaming subscription service Netflix, Inc. (NASDAQ:NFLX) is making headlines today after the company revealed in an SEC filing yesterday evening that it will be increasing compensation for its top executives in 2018, after the new tax law goes into effect. With NFLX no longer able to take advantage of deductions for performance-based bonuses, many C-suite members are getting a boost to th...Read More
If there's any stock that needs a fresh start in 2018, its Chipotle Mexican Grill, Inc. (NYSE:CMG). For the past couple of years, the burrito chain has been battling constant backlash to a string of foodborne illness issues in its restaurants. Analysts are chiming in today, with Cowen and Company reiterating its "underperform" rating on CMG stock, and predicting lackluster fourth-quarter sales.Cow...Read More
President Trump is going after Amazon.com, Inc. (NASDAQ:AMZN) once again. The President this morning tweeted that the United States Postal Service should be charging Amazon more to deliver packages to help address the "billions of dollars a year" it's losing. In response, AMZN shares have dipped 0.6% at the open to trade at $1,179.33. - Donald J. Trump (@realDonaldTrump) December 29, 2017Of cours...Read More
Gold futures jumped on Friday, aiming for their seventh-straight positive session, and hurdling toward a nearly three-month high to wrap up the final trading day of 2017-a year in which the yellow metal will book a roughly 13% gain. February gold GCG8, +0.61% the most active contract on Comex, rose $8, or 0.6%, to $1,305.30 an ounce, retaking the psychologically significant level of $1,300, appro...Read More
Gold futures jumped on Friday, aiming for their seventh-straight positive session, and hurdling toward a nearly three-month high to wrap up the final trading day of 2017-a year in which the yellow metal will book a roughly 13% gain. February gold GCG8, +0.61% the most active contract on Comex, rose $8, or 0.6%, to $1,305.30 an ounce, retaking the psychologically significant level of $1,300, appro...Read More
Stocks are signaling a higher open for the last trading day of 2017, setting up the Dow Jones Industrial Average (DJIA) for yet another record close. Once again trading action will likely be thin ahead of the long weekend, with just the Chicago purchasing managers index (PMI) on the economic schedule today. As such, the Dow and S&P 500 Index (SPX) are both set to end the week, month, and quarter h...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
"If this can happen to me, I promise you, it can happen to anyone."Read More
Dennis Gartman discusses which commodities will go higher into the new year.Dennis Gartman has been publishing his daily commentary, The Gartman Letter, since 1987. Over the years, he has also conducted numerous presentations and courses on issues relating to the capital markets and derivatives for various brokerage firms, central banks, and U.S. government entities. In recent years, Mr. Gartman h...Read More
Editor's note: In today's end-of-year issue, you'll find four big investment ides we wrote about in 2017. But this is no bland "retrospective" list. These ideas couldContinue...Read More
Doubtless, that is what this year-end rally would be called in Trumpian lingo, and the "bigliest" of squeezes is in silver, where shorts have been closing moreContinue...Read More
I love the gold bugs!They're steadfast in warning that you can't live on perpetually-expanding debt... or money printing... or zero interest policies. Mainstream economists have been lulled into believing Continue...Read More
Where will it go from here? Today is another down-day for the US dollar, the third in a row, capping a nasty year for the dollar, the worst sinceContinue...Read More