52,000 calls have crossed the tape so farThe shares of FireEye Inc (NASDAQ:FEYE) are up 3.2% at $11.84 at last check. Steadily rising on the charts since a record low of $7.54 on March 17, the software company has gained support at the 30-day moving average as it struggles to topple the $12 region. In the last monthly period, FEYE sports an 11.4% gain. Options players are betting on further upsid...Read More
Aurora Cannabis did receive a price-target hike from Jefferies, thoughThe shares of Aurora Cannabis Inc (NYSE:ACB) are down 4.4% to trade at $16.44 today, after Jefferies downgraded the equity to "underperform," and raised its price target to $10 from $8.40. The analyst in coverage isn't buying the stock's recent post-earnings surge, noting "the CBD space is experiencing significant headwinds cu...Read More
Moderna's vaccine captured the attention of Wall StreetThe coronavirus pandemic is still very much a dire issue in the U.S., but economies are starting to reopen and that seems to be enough for Wall Street. The Dow Jones Industrial Average (DJI), the S&P 500 Index (SPX) and the Nasdaq Composite (IXIC) are all cruising toward sizable weekly wins, as investors unpack a host of volatile headlines fo...Read More
The weekly 5/22 27-strike put is running the show todayThe shares of Foot Locker Inc (NYSE:FL) are near the bottom of the New York Stock Exchange (NYSE) today, last seen down 12.8% at $25.30. The sneaker retailer reported a first-quarter loss that exceeded Wall Street estimates, while revenue also missed its mark. The culprit, of course, is the store closures wrought from the COVID-19 pandemic. I...Read More
The Dow is down over 100 points middayThough all three indexes remain in the black for the week, the Dow Jones Industrial Average (DJI) is down over 100 points midday, as U.S.-China tensions mount, outweighing the positive sentiment from Director of the National Institute of Allergy and Infectious Diseases, Dr. Anthony Fauci, that a coronavirus vaccine could be available in the U.S. by December....Read More
Decker's earnings and revenue beat out analysts' estimates The shares of Deckers Outdoor Corp (NYSE:DECK) are up 10.7% at $186 at last check, following a positive fiscal fourth-quarter report. The UGG parent reported profits of 57 cents per share, much higher than the anticipated 9 cents per share estimated by analysts, as well as higher-than-expected revenue. Following this, no fewer than eight a...Read More
Palo Alto's third quarter earnings and revenue beat Wall Street's estimatesPalo Alto Networks Inc (NYSE:PANW) chimed in with earnings after last night's close, and things are looking even better for a company that's already up 40% for the quarter. The cybersecurity platformposted fiscal third-quarter earnings of $1.17 on $869.40 billion in revenue, both of which decimated Wall Street's estimati...Read More
The tractor manufacturer's fiscal second-quarter earnings and revenue topped analysts' expectationsThe shares of tractor name Deere & Company (NYSE:DE) are eyeing their third consecutive win today, up 3.1% at $147.20 in pre-market trading after the firm's fiscal second-quarter earnings and revenue beat analysts' estimates, even on a 41% drop in quarterly profits. The company blamed a sharp decline...Read More
Dr. Fauci called Moderna's possible coronavirus vaccine "promising" Dow Jones Industrial Average (DJI) futures are hovering just above fair market value this morning, as Wall Street looks to wrap up a winning week and head into Memorial Day weekend on a high note. Gains are capped as tensions between the U.S. and China increased overnight, after China released a draft legislation regarding new se...Read More
Alex Jones says he recently spoke with Joe Rogan about his decision to move his podcast to Spotify. According to Jones, Joe finally had enough of YouTube's censorship tactics and decided to move on from the platform in the name of liberty and free speech. Jones says the ultimate breaking point for Joe came after he was told not to interview doctors whose views on covid-19 differentiated from the m...Read More
Topics:*New Book under development on the Pandemic and Depression*Why Scientists without expert knowledge of the economy may not be the best source for determining economic policy*Why discernment of the various views of scientists with opposing views on how to deal with Coronavirus is important*Unemployment Claims have exceeded 38m in the US*There has never been a time when the stock market does n...Read More
Join Hedgeye CEO Keith McCullough and Danielle DiMartino Booth, former Fed advisor and Chief Strategist at Quill Intelligence, in this pro-to-pro investing discussion about the current market environment.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWeek, Time...Read More
Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution: A Manifesto and End The Fed. An unwavering defender of the US Constitution, Paul has been an advocate of sound money, personal liberty, free markets, and international peace throughout his political career...Read More
Jordan Roy-Byrne looks at the gold, silver, and GDX charts. He discusses the multi-year resistance levels that all are closing in on. Also a couple comments on the type of stocks that are moving.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timin...Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get t...Read More
This is the end. In this 'deep dive' presentation Mike Maloney points out how the Fed is now backed into a corner - that there are only two actions they can take, and both lead to the same destination. Stick with this video, it is detailed...but the conclusions are vitally important to understand. Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of...Read More
On this week's episode of System Update, Glenn Greenwald talks to journalist Vincent Bevins about his newly launched book, The Jakarta Method. The book examines the series of mass murder programs engineered by the CIA with the purported goal of fighting communism during the Cold War, and how the consequences of these programs shape the global order - and U.S. politics - to this day.Glenn Greenwald...Read More
The interview starts off with Bob discussing the economy, that it will recover but it will take some time. China trade deal might not happen because the Chinese supply chains are being looked at and reworked. China is now weakened. Gold and silver are ready to move.Bob's website: tradegeniusacademy.comRead More
Bob Hoye is a trained geologist, successful resource investor and economic historian. In this interview, Bob explains why he believes we are now in a deflationary economic environment. Amidst this environment, Bob sees the price of gold rising and gold stocks entering a multi-decade bull market.0:15 Introduction1:26 We are facing deflation now9:03 Are you are short general equities and long commod...Read More