The 50-day moving average has crossed below the 100-day moving average on the gold chart.Continue...Read More
Traders and investors should now watch the $36.00 area for major chart support. This level is where the stock broke out in June 2020. Continue...Read More
Jim Grant discusses, among other topics, paradoxical market valuations, why the Federal Reserve is "a clear and present danger to your wealth," the threat of central bank digital currencies to liberty, the accelerating "heretical union" of monetary and fiscal authorities, and the prospects for an acceleration in the rate of inflation.Continue...James "Jim" Grant is an American writer and publisher...Read More
"There is a possibility that such aircraft could be used in a deception operation designed to confuse enemy planes in the air, to launch a surprise attack against enemy installationsContinue...Read More
The Dow Jones Industrial Average (DJIA) fell triple digits, with traders spooked on reports special counsel Robert Mueller last month issuedsubpoenas to President Donald Trump's campaign staffers as part of a larger investigation into Russian collusion in the 2016 U.S. election. Uncertainty over Congress' ability to pass a GOP tax plan only stoked the bearish flames, with the S&P 500 Index (SPX) a...Read More
It was an up-and-down week for U.S. stocks, but as of this writing the Nasdaq Composite (IXIC) is well on its way for a weekly win, with the S&P 500 Index (SPX) flirting with breakeven and the Dow Jones Industrial Average (DJIA) destined for a second straight weekly loss. The Dow can direct part of the blame for its weakness on oil prices, which fell sharply mid-week due to a concerning outlook fo...Read More
Financial stocks have taken a breather lately, amid concerns about tax reform and the surprise departure of Consumer Financial Protection Bureau (CFPB) Director Richard Cordray. However, one bank stock could be a bargain at current levels, if past is prologue: Citigroup Inc (NYSE:C). Below, we'll explain why C stock could be flashing "buy" right now.Since notching a post-financial-crisis high of $...Read More
Gold prices jumped this week as the U.S. dollar weakened. This positive price action helped boost the SPDR Gold Shares (GLD), which was last seen trading up 1.2% at $122.90 -- on track for its second straight weekly win, a feat not accomplished since early September. Nevertheless, one GLD options trader is bracing for steep losses for the malleable metal in the near term, possibly bracing for a sh...Read More
U.S. stocks are trading mixed this afternoon,amid concerns about Republican tax reform plans. Among the stocks making big movesare clothing retailers Abercrombie & Fitch Co. (NYSE:ANF) and Gap Inc (NYSE:GPS), and Greek shipping concern Diana Containerships Inc (NASDAQ:DCIX). Here's a quick look at what's moving shares of ANF, GPS, and DCIX.ANF Leads NYSE After Earnings, Solid Hollister SalesAberc...Read More
It's a big day for retail stocks, with positive earnings reactions for Gap Inc (NYSE:GPS) and Foot Locker, Inc. (NYSE:FL) -- and an impressive public trading debut for Stitch Fix Inc (NASDAQ:SFIX) -- helping to drive the upside action.Most recently, the SPDR S&P Retail ETF (XRT) was up 2.7% to trade at $41.69, but one options trader is taking a defensive stance on the retail sector ahead of the up...Read More
The Dow Jones Industrial Average (DJIA) is flirting with a second straight weekly loss, with the blue-chip index sharply lower at midday. The Dow hasn't been lower for two consecutive weeks since mid-August, but hasn't suffered a three-week decline at all in 2017. While also lower, the losses have been less severe for the Nasdaq Composite (IXIC) and S&P 500 Index (SPX), as both are still pacing fo...Read More
Tesla (TSLA) made headlines last night, as Elon Musk spearheaded the dramatic unveiling of its electric semi truck. J.B. Hunt Transport Services Inc (NASDAQ:JBHT) was impressed enough to quickly reserve multiple semitractor-trailers from the electric car name. Below, we will check in with J.B. Hunt, and examine how the truck stock could fare in the wake of this big development.J.B. Hunt stock has...Read More
Retail earnings have been heating up, and the sector will continue to be in focus after the Thanksgiving holiday, too, as traders eye Black Friday and Cyber Monday sales numbers. Ahead of these annual events, Urban Outfitters, Inc. (NASDAQ:URBN) will take its turn in the earnings confessional after Monday's close. Here's a closer look at how the retail stock has been performing on the charts, and...Read More
U.S. stocks are trading mixed this morning, with traders digesting the latest news on the Republican tax reform bill. Among the stocks making moves today are sports retailers Foot Locker, Inc. (NYSE:FL) and Hibbett Sports, Inc. (NASDAQ:HIBB), and electric car company Tesla Inc (NASDAQ:TSLA). Here's a closer look at what's moving shares of FL, HIBB, and TSLA.Foot Locker Rallies on Third-Quarter...Read More
Analysts are weighing in on retail stocks Williams-Sonoma, Inc. (NYSE:WSM) and Sportsman's Warehouse Holdings Inc (NASDAQ:SPWH), as well as drugmaker Teva Pharmaceutical Industries Ltd (NYSE:TEVA). Here's a quick roundup of today's bearish brokerage notes on shares of WSM, SPWH, and TEVA.Williams-Sonoma Stock Downgraded After EarningsWilliams-Sonoma stock is down 13.3% at $45.83, after the Potter...Read More
Analysts are weighing in on software stock Splunk Inc (NASDAQ:SPLK), footwear retailer Shoe Carnival, Inc. (NASDAQ:SCVL), and semiconductor equipment specialist Applied Materials, Inc. (NASDAQ:AMAT). Here's a quick roundup of today's bullish brokerage notes on shares of SPLK, SCVL, and AMAT. Splunk Stock Hits Fresh High After Beat-and-RaiseSplunk stock is up 14% this morning at $79, touching a...Read More
Dow Jones Industrial Average (DJIA) futures are pointed lower this morning, as the blue-chip index attempts to eke out a weekly win. Nasdaq-100 Index (NDX) futures, however, are pointing higher this morning, as the index basks in the glow of its record close yesterday. Along with Tesla's (TSLA) semi truck buzz and a handful of well-received retailer earnings, Washington, D.C., will remain in fo...Read More
The Dow Jones Industrial Average (DJIA) headed higher out of the gate on positive earnings reactions for Cisco Systems (CSCO) and Wal-Mart (WMT). The surge in consumer discretionary and tech stocks helped lift the S&P 500 Index (SPX) and Nasdaq Composite (IXIC), too, while the bullish flames were only further stoked after the House passed its version of a business-friendly GOP tax plan. By the tim...Read More
U.S. stocks are exploding higher, after news hit that the Republican tax reform bill passed the House. Among the stocks making big movesare specialized pharmaceutical manufacturer Diplomat Pharmacy Inc (NYSE:DPLO), online payment issue PayPal Holdings Inc (NASDAQ:PYPL), and global media concern Viacom, Inc. (NASDAQ:VIAB). Here's a quick look at what's moving shares of DPLO, PYPL, and VIAB.DPLO Am...Read More
Semiconductor stock Broadcom Ltd (NASDAQ:AVGO) has been all over headlines lately, forits efforts at an unsolicited buyout bid for Qualcomm (QCOM). Micron Technology, Inc. (NASDAQ:MU), on the other hand, is a red-hot chip stock that has been slightly more under the radar. Both stocks found themselves on our list of best stocks to own during Thanksgiving week. Below, we will take a look at AVG...Read More