Puts are running at an incredible eight times their average intraday amountAfter receiving receiving no fewer than three price-target cuts -- most notably a $2 slash to $16 from Deutsche Bank -- due in part to substantial first-quarter losses, the shares of Nordstrom, Inc. (NYSE:JWN) are plummeting. At last check, the stock is down 11.2% at $16.10, and on its way to once again close below its 50-...Read More
U.S.-China tensions and dire economic data still weigh, thoughAs U.S. economies begin to reopen across the country, a sense of optimism swept through Wall Street during the holiday-shortened week, overshadowing more dire headlines. The Dow Jones Industrial Average (DJI), the S&P 500 Index (SPX) and the Nasdaq Composite (IXIC) are all on track to close out May with their second-straight weekly wins...Read More
MNST is fresh off a record high earlier this weekNext week marks a new month, and the summer season is officially in full swing. That means a whole new slate of seasonality trends to monitor, with Schaeffer's Senior Quantitative Analyst Rocky White breaking down the best S&P 500 stocks to own in June over the past 10 years. One notable name on the list is Monster Beverage Corp (NASDAQ:MNST), with...Read More
The Dow is down around 190 points midday The Dow Jones Industrial Average (DJI) is down nearly 190 points at midday as investors await U.S. President Donald Trump's remarks regarding China. In a change of sentiment, previously bullish top JPMorgan Chase strategistMarko Kolanovic said that he was "dialing down" his optimism due to U.S.-China tensions. The S&P 500 Index (SPX) and Nasdaq Composi...Read More
DELL announced an upbeat first-quarter reportThe shares of Dell Technologies Inc (NYSE:DELL) are up 7.2% at $48.88, after the company shared an upbeat first-quarter report. The computer name reported higher-than-anticipated earnings per share as well as a revenue beat, with an increase in sales helping the company weather coronavirus headwinds. According to Jeff Clarke, vice chairman and chief ope...Read More
The FDA approved Eli Lilly's Alzheimer's disease diagnostic agentThe shares of Eli Lilly (NYSE: LLY) are up 0.3% to trade at $150.22 this morning, after the Food and Drug Administration (FDA) approved the use of TAUVID, the first radioactive agent to detect an abnormal protein that is characteristic of Alzheimer's disease. Before this approval the only diagnosis method available for Alzheimer's...Read More
Cisco will acquire internet monitoring solutions company ThousandEyesCisco Systems, Inc (NASDAQ:CSCO) is getting a slight leg up this morning, following an announcement that the cloud specialist plans on acquiring internet monitoring solutions company ThousandEyes. Though the company did not specify the terms of this arrangement, multiple reports stated that the purchase was for $1 billion. At las...Read More
AstraZeneca saw positive results in clinical cancer-drug trialsThe shares of AstraZeneca plc (NYSE:AZN) are up 1.7% at $54.43 this morning, on positive news regarding its cancer drug Tagrisso. According to a report, a phase-two trial succeeded in holding back a certain early-stage lung cancer, opening the treatment up to a potentially much larger sales boost. An analyst at Jefferies says the resu...Read More
U.S.-China relations are weighing heavily on traders' mindsDow Jones Industrial Average (DJI) futures are sharply below fair market value on the last trading day of May, as investors anxiously await U.S. President Donald Trump's upcoming news conference regarding U.S.-China relations. Potentially sharp rhetoric or a harsh response could threatento incite more economic turmoil with China. Futures...Read More
The marijuana company's fourth-quarter losses and revenue missed the markThe shares of marijuana producer Canopy Growth Corp (NYSE:CGC) have taken a serious tumble off yesterday's three-month peak, after reporting a fiscal fourth-quarter loss -- which included $743 million (Canadian) in impairment and restructuring charges -- and revenue that missed analyst expectations. Medical marijuana was the...Read More
Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately predicted Japan's collapse in 1989, the d...Read More
SBTV speaks with Michael Pento, Founder of Pento Portfolio Strategies, about the worsening state of the global economy. With 30 million people made jobless within weeks, Michael has no doubt that the economic depression is here.Discussed in this interview:02:27 Unemployment rose faster than during the Great Depression09:55 Balance sheets of the world is being destroyed13:26 Why a bigger monetary b...Read More
http://financialrepressionauthority.c...Charles Hugh Smith writes the Of Two Minds blog which covers an eclectic range of timely topics: finance, housing, Asia, energy, long-term trends, social issues, health/diet/fitness and sustainability. From its humble beginnings in May 2005, Of Two Minds now attracts some 200,000 visits a month. Charles also contributes to AOL's Daily Finance site and has wr...Read More
After nearly two months of trading range-bound, gold is currently under a consolidation period, said Todd Horwitz, chief strategist of BubbaTrading.com."You've got the ultimate confusion in the market. There's people trying to understand, is gold going to turn into a real currency because of what the Fed is doing," Horwitz told Kitco News. "At the end it comes down to price and the price says that...Read More
The banks no longer have reserve requirements! ??'? WHAT DOES THIS MEAN FOR YOU? ??'^ The Federal Reserve came out with the bombshell announcement and Mike Maloney did an excellent video outlining the insanity of the whole thing. One of the biggest areas of confusion for the average person, is how bank reserves actually work. So in this video I wanted to expand on what Mike outlined, so I guess yo...Read More
Max talks to Michael Krieger of LibertyBlitzkrieg.com about the tide going out on our collective delusions about money printing and who exactly gets 'rescued' with the Fed's never-ending bailouts.Michael Krieger is the creator and editor of Liberty Blitzkrieg. Michael attended college at Duke University where he earned a double major in Economics and Spanish. After completing his studies in 2000...Read More
For Part 1 of this interview, CLICK HEREFor the past few weeks I have been reporting that two market makers were blown out on the LBMA on March 24th. One of my sources was London silver trader and whistleblower Andrew Maguire, who was kind enough to join me on this show and explain what happened. There's a good chance that in due time this will be looked at as one of the seminal breakpoints, and i...Read More
Jordan Roy-Byrne comments on the short-term pullback we are seeing for gold and gold stocks. Gold is rebounding today (Wednesday) but the stocks are still down for the day and down around 12% over the past 5 trading days. We also get a quick comment on silver which has been outperforming.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is...Read More
"What's coming will be the weirdest, most twisted thing you've ever seen, something that will be very hard to predict-so the more educated you are on history the better chance you have at surviving it." This sobering quote from Mike Maloney highlights why he devotes his new video to the Great Depression... because it can offer valuable insights into what could be ahead for us today. When Mike wrot...Read More
Think of it as the REAL ID on steroids. The airlines and sectors of government are pushing for a biometric "immunity passport" to prove that one is not corona contagious before flying, attending large events, maybe even going to work. Is this the number of the beast or a sensible reaction to a pandemic? Something in-between? Plus today's program will look at another pandemic: depression and anxiet...Read More