Subscribers to Schaeffer's Weekend Trader Series service recently banked a quick 104% profit on our Kroger Co (NYSE:KR) April 20, 2018 21-strike call recommendation. Here's a closer look at why we became bullish on KR stock, and how the options trade we recommended on Sunday, Nov. 19, unfolded.There is no denying that Kroger has had a tough year on the charts, with a number of grocery stocks takin...Read More
There are only a few weeks left in the calendar year, and the United States Oil Fund (USO) is running out of opportunities to stake its claim in positive ground for 2017. The fund's 2016 closing price of $11.72 wasn't surmounted on a weekly closing basis until as recently as Friday, Nov. 24 -- and last Friday's afternoon sell-off in equities effectively dashed USO's valiant morning attempt to stri...Read More
All eyes next week will be on the Federal Open Market Commmittee's (FOMC) December meeting, which begins on Tuesday, and the central bank is widely expected to raise interest rates. Following the Fed's policy announcement on Wednesday, outgoing Fed Chair Janet Yellen will give a press conference. And while the earnings schedule is very thin, reports from software firm Oracle Corporation (NYSE:ORCL...Read More
Shares of SAGE Therapeutics Inc (NASDAQ:SAGE) shot to a record high of $169.58 out of the gate, and were last seen trading up 68.6% at $154.77. For the second time in a month, the biotech reported successful trial results for one of its depression drugs, this time announcing that 64% of patients using its major depressive disorder (MDD) treatment entered remission 15 days in. On Nov. 9, SAGE Thera...Read More
Analysts at MKM Partners, J.P. Morgan Securities, and Cowen weighed in a trio of online travel stocks this morning: Expedia Inc (NASDAQ:EXPE), Priceline Group Inc (NASDAQ:PLCN), and Ctrip.com International Ltd (NASDAQ:CTRP). Below, we'll take a look at EXPE, PCLN, and CTRP stocks, which have been struggling in recent months.MKM Sees New Lows for EXPE StockMKM Partners downgraded Expedia stock to...Read More
Shares of athletic apparel brand Lululemon Athletica Inc. (NASDAQ:LULU) are soaring today after the retailer reported a third-quarter earnings and revenue beat, andreceived one upgrade and no fewer than 15 price-target raises in response. LULU's singular upgrade to "hold" came from Canaccord Genuity -- just days after the brokerage firm backed its "sell" rating -- while the highest new price targ...Read More
A little more than a month after delivering a disappointing third-quarter miss, AK Steel Holding Corporation (NYSE:AKS) received some favorable news earlier this week, with the U.S. Commerce Department issuing a preliminary ruling that steel products from Vietnam that are made with Chinese substrate will face import duties. Upbeat analysts are chiming in, with the steel stock scoring a key upgrade...Read More
U.S. stock futures are mixed this morning, as traders keep a close eye on Washington, D.C., where President Donald Trump is expected to meet with congressional leaders from both the Democratic and Republican parties to discuss a potential government shutdown. Tax reform is also in focus, after Senate Republicans on Wednesday voted to send the bill to a conference committee with the House to hash o...Read More
LONDON, 7 December 2017 - UK personal finance magazine MoneyWise today cites BullionVault's Gold Investor Index in a report on how crypto-currency Bitcoin may be denting demand for gold."Whether or not Bitcoin ever achieves common use as money, the cryptocurrency plainly offers investors a hot speculation and not a safe haven right now," the magazine quotes Adrian Ash, director of research at Bull...Read More
Calgary, Alberta (December 7, 2017) - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) announced that, further to its news release date November 23, 2017, it has closed the acquisition of Scion Mines S.A. de C.V. ("Scion.") (the "Acquisition") and now indirectly owns a 100% interest in the Manto Negro Copper Project.Description of the TransactionP...Read More
Palisade Research December 7, 2017 Category: Research Hopefully you’ve made good profits investing in the metal. But, if you haven’t yet. . .Don’t worry.It’s only the beginning. . . There’s no secret that copper supplies will continue to struggle over the next few years. Probably even longer.Why? Because most of the world’s current copper producers are aging....Read More
The Dow Jones Industrial Average (DJIA) finishedlower today, after trading on both sides of breakeven throughout the session. The S&P 500 Index (SPX) also ended a choppy session in the red, bringing its losing streak to four days -- the longest since March. The Nasdaq Composite (IXIC), however, finished in the black, snapping its three-day losing streak after getting a lift from rebounding tech s...Read More
Shares ofJinkoSolar Holding Co., Ltd. (NYSE:JKS) settled up 1.5% at $23.82, likely with help from a First Solar (FSLR) halo lift. Below, we will take a look at the company's earnings history, and examine how analysts and options traders are playing JKS stock ahead of earnings, due out tomorrow morning. Looking at the charts, JKS shares are up 59% year-over-year. However, the stock has been choppy...Read More
It's been an interesting couple of weeks in the stock market, and I'm not just talking about the bitcoin explosion. Not only didthe S&P 500 Index (SPX) and CBOE Volatility Index (VIX) -- or the stock market's "fear gauge" -- flash a rare divergence signal, so did the Dow Jones Industrial Average (DJIA) and tech-rich Nasdaq Composite (IXIC) -- sending up an alarm that sounded before the dot-com bub...Read More
Shares of OSI Systems, Inc. (NASDAQ:OSIS) have plunged 31.3% to trade at $57.79 -- earlier hitting an annual low of $53.80 -- after Muddy Waters said it was betting against the tech stock. The noted short seller said the electronic screening provider was "rotten to the core," and that it's too reliant on a "turnkey contract in Mexico ... that appears to be egregious." With OSIS stock on the short-...Read More
Semiconductor stocks have been in a notable decline since Morgan Stanley last Monday said it was time to take profits on the red-hot sector, as evidenced by the VanEck Vectors Semiconductor ETF (SMH) 7.8% slide from its Nov. 24 record high of $105.83, last seen at $97.59. Underscoring these technical woes, just 56% of the 34 stocks we track under the "semiconductors" umbrella are currently trading...Read More
U.S. stocks are slightly higher this afternoon, as investors react to this morning's jobs data. Among the names making big moves are chemical stock Tronox Ltd (NYSE:TROX), as well as biotechs Madrigal Pharmaceuticals Inc (NASDAQ:MDGL) and Vistagen Therapeutics Inc (NASDAQ:VTGN). Here's a quick look at what's moving shares of TROX, MDGL, and VTGN. Tronox Stock Short-Sale Restricted Tronox stock is...Read More
On Monday, the Dow Jones Industrial Average (DJIA) ended a fifth straight session above its upper Bollinger Band (BB) -- typically viewed as an overbought signal. The index has since dropped back below this level, due to recent weakness among tech stocks, but that stretchmarked something the Dow has done just a dozen times since 1990. Below, we take a look at blue-chip stock performance after thes...Read More
Although earnings season has all but wrapped up, there are still a few stragglers who have yet to step up to the plate. One such company is bargain retailer Dollar General Corp. (NYSE:DG), which reports earnings before the open tomorrow, and hopes to keep pace with its surging sector rival Dollar Tree (DLTR). Below, we will take a look at Dollar General's earnings history, and examine how analyst...Read More
U.S. stocks are trading just above breakeven this afternoon, with the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) attempting to shake off early losses. However, it's been a seesaw session thus far, as traders digest a stronger-than-expected ADP private payrolls report and another attempted rebound by tech stocks. Meanwhile, energy stocks are lower followi...Read More