U.S. stocks are signaling a lower open after yesterday's Fed decision. Among specific stocks in focus today are semiconductor stock Advanced Micro Devices, Inc. (NASDAQ:AMD), biotech BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX), and Google parent Alphabet Inc (NASDAQ:GOOGL). Here's a closer look at what's moving shares of AMD, BCRX, and GOOGL. Tesla Partnership has AMD Pointed HigherAMD stock...Read More
Dow Jones Industrial Average (DJIA) futures are pointed lower this morning, after the index yesterday posted its seventh straight record close and ninth consecutive win. The S&P 500 Index (SPX), which notched a record close of its own yesterday, is also signaling a lower start. Stock traders continue to digest the Fed's plans to shrink its balance sheet, as well as hints of an additional rate h...Read More
Stocks initially retreated following the latest Fed policy announcement, butthe Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) ultimately bounced back to hit fresh record highs. The central bank said it'll begin unwinding its gigantic balance sheet next month, and that there's a chance for another rate hike this year. In response, bank stocks rallied, with Dow component JPMorgan C...Read More
U.S. stocks are trading lower this afternoon, as Apple keeps the Dow in check and traders digest the Federal Reserve's plan to reduce its massive balance sheet. Among the names in the spotlight today are pharmaceutical stocks DelMar Pharmaceuticals Inc (NASDAQ:DMPI), Arbutus Biopharma Corp (NASDAQ:ABUS), and Ionis Pharmaceuticals Inc (NASDAQ:IONS). Here's a quick look at what is moving shares...Read More
Shares of Fitbit Inc (NYSE:FIT) were up nearly 2% at their intraday peak -- possibly getting a lift on negative reports for the new Apple Watch -- but were last seen down 0.3% at $6.23. And while some options traders are betting on a quick rebound for FIT stock, others are eyeing even bigger losses in the near term.Amid below average volume, 5,710 calls and 2,569 puts have changed hands on FIT s...Read More
The shares of Apple Inc. (NASDAQ:AAPL) -- and many Apple suppliers -- are getting walloped today, amid negative reviews of the new Apple Watch. Specifically, the Apple Watch Series 3 -- which will begin shipping on Friday -- is facing reports of connectivity issues and battery limitations. Adding insult to injury, a Rosenblatt analyst said iPhone 8 pre-orders look weak, compared to when the iPhon...Read More
Put volume was accelerated on the iShares MSCI South Korea Capped ETF (EWY) yesterday after President Donald Trump said the U.S. might be forced to "totally destroy" North Korea. Meanwhile, iShares MSCI Mexico Capped ETF (EWW) yesterday was halted after a 7.1 magnitude earthquake hit Mexico City, and put traders began to pour in later in the day. Let's take a closer look at the data on exchang...Read More
Shares of Apple Inc. (NASDAQ:AAPL) are taking a hit today, after the tech giant reported connectivity issues with its new Apple Watch. AAPL stock's 2% drop is dragging down the shares of Apple suppliers, too, including Qorvo Inc (NASDAQ:QRVO) and Western Digital Corp (NASDAQ:WDC). QRVO and WDC were already staring down historical headwinds, considering they are two of the worst stocks to own dur...Read More
The Dow Jones Industrial Average (DJIA) has spent time on both sides of the aisle, but is modestly higher at midday, attempting to extend its winning streak to nine straight sessions. While the Dow touched a record intraday high earlier, and is looking for its sixth straight record close, Apple stock is helping to keep the index's gains in check, amid reports of connectivity issues for the new Ap...Read More
Aerospace name Boeing Co (NYSE:BA) and construction concern Caterpillar Inc. (NYSE:CAT) have displayed impressive price action in 2017. While BA is the best Dow stock in terms of year-to-date returns, fellow blue chip CAT isn't far behind. In fact, both Dow stocks are hovering near record highs, and could extend their surge next week. Specifically, "window dressing" at the end of the third quart...Read More
Analysts are weighing in on Dow drug stock Pfizer Inc. (NYSE:PFE), software giant Adobe Systems Incorporated (NASDAQ:ADBE), and sports retailer Hibbett Sports, Inc. (NASDAQ:HIBB). Here's a quick roundup of today's bullish brokerage notes on shares of PFE, ADBE, and HIBB. Morgan Stanley Shares Optimistic Outlook for PFE StockPfizer received an upgrade to "overweight" from "equal weight" at Morgan S...Read More
Analysts are weighing in on retailers L Brands Inc (NYSE:LB) and Bed Bath & Beyond Inc. (NASDAQ:BBBY), as well as Dow stock 3M Co (NYSE:MMM). Here's a quick roundup of today's bearish brokerage notes on shares of LB, BBBY, and MMM.Cowen Downgrades L Brands on Competition WorriesL Brands stock is down 5.1% to trade at $37.22, after Cowen and Company downgraded the retailer to "market perform" fr...Read More
Stocks are searching for direction out of the gate this morning ahead of the Fed's afternoon policy announcement. Among specific stocks in focus today are e-commerce giant Amazon.com, Inc. (NASDAQ:AMZN), delivery concern FedEx Corporation (NYSE:FDX), and biopharmaceutical company Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY). Here's a closer look at what's moving shares of AMZN, FDX, and ALNY. A...Read More
After posting its sixth straight record close and eighth consecutive win on Tuesday, Dow Jones Industrial Average (DJIA) futures are just barely above fair value this morning as traders await the outcome of the Federal Open Market Committee's (FOMC) two-day policy meeting. While the central bank isn't expected to lift interest rates until December, investors will be looking for details on how it p...Read More
I wrote about window dressing last quarter, but the topic merits a closer look now. The third quarter has often been the best quarter to take advantage of window dressing, whichis when fund managers buy the hottest stocks near the end of the quarter and sell off the stocks that have been performing poorly. They do this because the fund holdings are disclosed at the end of the quarter, so anyone de...Read More
For Part 1 of this interview, CLICK HEREMax continues his interview with Michael Pento of PentoPort.com about property markets including commercial mortgage-backed securities and what an ongoing lockdown might bring to the sector.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on...Read More
Gold and silver prices have been trading rangebound, but the price patterns suggest that the metals are currently consolidating and are ready to see the next move, said Peter Hug, global trading director of Kitco Metals. "The fact that people are not selling into a market that isn't as frenetic as it was a month or six weeks ago indicates to me that this market is setting up for the next leg highe...Read More
The apparently inevitable result is turmoil in the financial markets, possibly concurrent with the political system melting down. Which sets the stage for a 2021 that makes this year seem placid by comparison.Continue...Read More
I seriously doubt that people realize the extent of the economic damage caused by this HOAX instigated but a group of Oligarchs & Academics drunk on their own power and ignoranceContinue...Read More
James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Grant's television appearances include "60 Minutes," "The Charlie Rose Show," Bloomberg TV, CNBC and other well-known financial news sources. His j...Read More