Puts are running at two times their average daily volume todaySoftware development name Atlassian Corporation PLC (NASDAQ:TEAM) is taking a breather on the back of today's tech sector selloff. At last check, the stock is off 5.4% at $163.58, eyeing its second consecutive close below the 10-day moving average, which guided TEAM to its May 15 record high of $190.21 and acted as a floor in the weeks...Read More
The stock market is mixed at midday as tech stocks weigh The Dow Jones Industrial Average (DJI) is up around 170 points midday as positive economic data continues to roll in. Specifically, April new home sales beat expectations and states continue to ease lockdowns across the country, sending varioustravel-related stocks higher. However, today's drop in big tech has the S&P 500 Index (SPX) and...Read More
Tesla is cutting North American and Chinese prices by as much as 6%The shares of Tesla, Inc. (NASDAQ:TSLA) are down 0.3% to trade at $818.87 at last check, after the electric vehicle maker announced on Wednesday it will cut North American and Chinese prices by as much as 6%, to fight a coronavirus-related decline in demand. Though Tesla was temporarily forced to stop work at its Fremont, Califor...Read More
Comparable-store sales in the U.S. rose by 14% during the first two months of the current quarterThe shares of Domino's Pizza, Inc. (NYSE:DPZ) are up 0.8% to trade at $363.38 after the pizza chain said it saw a 14% bounce in same-store sales in the U.S. during the first two months of its current quarter, while its international sales rose just 1% in the same time period. The news sparked no less...Read More
TSCO has nearly doubled off its March lowsThe shares of Tractor Supply Co (NASDAQ:TSCO) are up 4.3% at $115.92 at last check, and earlier hit a new record high of $115.99, after the farm equipment company provided a second-quarter forecast that topped analyst expectations. Along with the upbeat forecast, TSCO also announced a mobile app and a website relaunch featuring new capabilities such as zer...Read More
Boeing is expected to announce over 2,500 voluntary layoffs byFridayThe shares of Boeing Co (NYSE:BA) are up 3.1% at $142.27 this morning on news the aerospace giant will announce around 2,500 voluntary job cuts this week, according to a spokesman for the Society of Professional Engineering Employees in Aerospace (SPEEA) union. This round of layoffs is the first in a larger plan to lower its rough...Read More
Tensions with China over Hong Kong persist, thoughAfter a hot start to begin the holiday-shortenedweek, Dow Jones Industrial Average (DJI) futures are soaring once again, as investor optimism builds surrounding the reopening of the economy. Shares of airlines and cruise lines lead the premarket gains, asvarious states begin to roll back lockdown restrictions put in place to combat the coronaviru...Read More
SPX returns are typically bearish when in current choppiness rangeThe Choppiness Index, an oscillator index used to measure how the market is trending (regardless of direction) or going sideways, is relatively new to me. It was created by Australian commodity trader E.W. Driess, and today we will analyze how it works on the S&P 500 Index (SPX).Due to the last few months of coronavirus turmoil, it...Read More
*The interview begins at 1:32:35Max Keiser is a former stockbroker and an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall Street where he began working after graduating from NYU. With the hel...Read More
We live in a huge misallocation of resources. They focus on geopolitics not on the basic safety of citizens.Nassim Taleb spent 20 years as a derivatives trader and, after closing 650,000 option transactions and examining 200,000 risk reports, he changed careers in 2006 to become a scholar and philosophical essayist. Taleb is currently Distinguished Professor of Risk Engineering at New York Univers...Read More
Today, US deaths from covid-19 crossed above 100,000. The worldwide casualties (that we know of) now exceed 350,000. Whether or not we as a society can agree on the health risks of covid-19 or whether the national lockdowns it has triggered are worth the resulting economic damage, hopefully we can all agree that the global death toll from the pandemic is tragic. Meanwhile, battle lines are being d...Read More
The DTCC is tasked with settling more than 500 million stock trades a day. If they aren't doing so, you don't own what you think you own, and it could cost you everything. Bix Weir joins SGT Report to cover REAL NEWS the mainstream media won't touch.Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and hi...Read More
When you're venturing out into the post Covid 19(84) world it is now imperative that you protect your privacy from the authorities who want to use the so called "pandemic" as an excuse to track trace and database your every move through contact tracing apps (even if you haven't downloaded one) in what is now clearly a big brother surveillance grid nightmare the likes of which Orwell himself couldn...Read More
In the saga of the virus and the lockdown, the wisdom of the crowds, that is the wisdom of each of us, was thwarted by bad data, perhaps intentionally bad.Continue...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
Investors should prepare for U.S.-China geopolitical tension to grow worse. Maybe a lot worse. That's the lesson of history.Continue...Read More
In case investors didn't have enough to worry about with the coronavirus, they may have a whole lot more to deal with before too long.Continue...Read More
Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieute...Read More
Trump economic adviser Larry Kudlow said Beijing's actions toward Hong Kong are "very disturbing.""China is making a big mistake, frankly," he told Fox Business Network.Continue...Read More
Extreme concentrations of wealth and power, extreme speculative risk, extreme over-valuation, extreme central bank manipulation-all increase fragility and brittleness. Continue...Read More