The VanEck Vectors Semiconductors ETF (SMH) has put in the best year-over-year performance of all the exchange-traded funds (ETF) we track here at Schaeffer's, rising roughly 52%. In fact, the fund earlier today hit a record high of $88.17, and was last seen 0.6% higher at $87.80. Two of the most notable stocks inside the ETF are Apple suppliers Micron Technology, Inc. (NASDAQ:MU) and Advance...Read More
The broader stock market is holding tight ahead of tomorrow's busy calendar. However, among specific stocks making big moves are gunfire alert specialist Shotspotter Inc (NASDAQ:SSTI), Beijing-based financial firm Wins Finance Holdings Inc (NASDAQ:WINS), and used car concern Carvana Co (NYSE:CVNA). Here's a quick look at what's moving shares of SSTI, WINS, and CVNA.SSTI Stock Soars in Trading Debu...Read More
"Europe on Sale: Time to Buy Foreign Stocks," according to the May 13 cover story for Barron's (subscription required). The article notes that overseas markets are less expensive than the U.S., and "look ready to outperform" after the Great American Bull Market. Against this backdrop, and ahead of a huge day both in Europe and the U.S. tomorrow -- courtesy of the European Central Bank (ECB), U.K....Read More
Men's Wearhouse parent Tailored Brands Inc (NYSE:TLRD) will report earnings after tonight's close. TLRD stock has a history of volatile post-earnings moves, too, with the shares plunging 32.2% the day after reporting in March, and surging 39.7% in December. On average, Tailored Brands shares have swung 23.6% in the session subsequent to reporting over the last five quarters, regardless of directio...Read More
The Dow Jones Industrial Average (DJIA) is clinging to positive territory, as stocks try to gain despite the lingering uncertainty on Wall Street. Traders continue to monitor the latest developments out of Washington, D.C., where intelligence chiefs are testifying before the Senate, while digesting a huge drop in oil prices. Specifically, July-dated crude futures were down 4.1% at $46.22 per barr...Read More
BMO chimed in on a number of high-profile drink stocks today. The brokerage firm downgraded The Coca-Cola Co (NYSE:KO) to "market perform" with $46 price target, saying the Dow stock is "near peak valuation." PepsiCo, Inc. (NYSE:PEP) also saw its rating lowered to "market perform" and its price target to $120 on valuation concerns. Dr Pepper Snapple Group Inc. (NYSE:DPS), meanwhile, was upgrade...Read More
U.S. stocks are cautiously higher today, after two straight down days. Among specific names on the move today are truck manufacturer Navistar International Corp (NYSE:NAV), Elon Musk's Tesla Inc (NASDAQ:TSLA), and pharmaceutical company Calithera Biosciences Inc (NASDAQ:CALA). Here's a quick look at what's moving shares of NAV, TSLA, and CALA. Lower Sales Cut Into Navistar StockNavistar is down 0....Read More
Analysts are weighing in on GoPro supplier Ambarella Inc (NASDAQ:AMBA), apparel retailer Duluth Holdings Inc (NASDAQ:DLTH), and health foods stock United Natural Foods, Inc. (NASDAQ:UNFI). Here's a quick roundup of today's bearish brokerage notes on shares of AMBA, DLTH, and UNFI.Weak Forecast Drops AMBA StockAmbarella stock is down 10.6% at $553.39, as the company's lackluster current-quarter...Read More
Analysts are weighing in on tech giant Apple Inc. (NASDAQ:AAPL), electronics equipment manufacturer Keysight Technologies Inc (NYSE:KEYS), and entertainment stock Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY). Here's a quick roundup of today's bullish brokerage notes on shares of AAPL, KEYS, and PLAY.Argus Raises Price Target for AAPL StockApple stock is edging higher ahead of Day 3 of its...Read More
Dow Jones Industrial Average (DJIA) futures are trading above fair value, following two straight down days for the blue-chip index. Traders have been waiting on the sidelines ahead of tomorrow's onslaught of global events that have the potential to spark stock market volatility. Today, though, several high-ranking members of President Donald Trump's national security team -- including acting FBI...Read More
Watching this market daily can be mind-numbing, as the S&P 500 Index (SPX) trudges higher little by little. I'm not complaining, though, if it's profitable. In fact, at no point in 2017 has the index traded below its 2016 close. In the analysis below, I'll take a deeper look into that stat, and then I'll find years similar to 2017 to see how the SPX performed going forward.What The 2017 Stock Mark...Read More
The number of S&P 500 companies reporting negative earnings is rising rapidly.Why does this matter?It matters because this usually signals right before a stock market peak.Below is a chart illustrating the percentage of S&P 500 companies reporting negative earnings running back to 1999.As you can see, we are now at levels that have usually occurred just before stock market peaks (the last two time...Read More
In what should come as no surprise to anyone around here, the banks are once again creating as much paper metal as necessary to stall an advance in price. Already twice this year we've seen this happen in Comex Digital Silver and now the banks are working their alchemic magic in Comex Digital Gold, too.Frankly, I'm not even sure why I'm taking the time to write about this. You know the drill. You...Read More
The cofounders of Seabridge Gold discuss the significance of gold breaching its downward sloping trend line.Yesterday, gold broke a nearly six year-long downward sloping trend line that goes back to its all-time high of $1921 in August of 2011. Gold has not managed to cross above this trend line, currently at around $1280, since then, although it has come close a number of times including as recen...Read More
In the previous edition of the Market Overview we wrote that "geopolitical risks clearly won with a hawkish Fed in a tug of war in the gold market" at the turn of March and April, as the yellow metal gained about 7 percent from mid-March to mid-April. However, the price of gold declined about 4.8 percent until May 9 when it started its rebound. As the chart below shows, at the beginning of July, t...Read More
Tuesday's feisty rally exceeded the 1296.40 rally target we'd been using by a relatively modest $2.40, but because the pattern associated with the target is so clear, even as small an overshoot as occurred will have bullish implications going forward. Accordingly, I'll suggest using the pattern shown (see inset), with a 1314.50 target that should be familiar to you. It is a logical minimum upside...Read More
The number of S&P500 companies reporting negative earnings is rising rapidly.Why does this matter?It matters because this usually signals right before a stock market peak.Below is a chart illustrating the percentage of S&P 500 companies reporting negative earnings running back to 1999.As you can see, we are now at levels that have usually occurred just before stock market peaks (the last two times...Read More
Conventional wisdom states the following: When the Fed raises interest rates, the USD will strengthen and demand for dollar-denominated commodities such as gold will decline. This is true (theoretically speaking) because gold is a non-interest-bearing commodity that cannot compete with fixed-interest-bearing securities. Additionally, a strengthening USD means that foreign buyers of gold will be re...Read More
- Gold prices break 6 year down trend on safe haven demand (see charts)- Chinese gold demand set to surge 50% to 1,000 metric tonnes- Chinese demand for gold bars on track to surge more than 60 percent in 2017- Geopolitical risk internationally leading to safe haven demand- UK election, terrorism and rising tensions in Middle East supporting gold after attacks in London and attacks in Iran today-...Read More
USDJPYUSDJPY 30 min:USDJPY 4 hr:The price declined again today as called for by last night's wave count. The target at 10940 was met, todays low so far reached 109.22. The declining trend channel suggests one more decline to meet the line once more. That could happen at about 108.70 at which point the price would be perilously close to the lower invalidation line at 108.127.At the moment we have a...Read More