According to eMarketer, Pinterest is now the third-largest social media platform Social media name Pinterest Inc (NYSE:PINS) is surging today, pacing for a second straight day of big gains after research firm eMarketer unveiled data that showed PINS U.S. user base surpassed Snap's (SNAP) Snapchat last year, making it the third largest social media platform. The data also showed the online scrapboo...Read More
The Dow managed to bounce back after slipping below the breakeven this morningThe Dow Jones Industrial Average (DJI) initially slipped out of the gate on concerning comments from Treasury Secretary Steven Mnuchin. The blue-chip index has since bounced back to hit a record high, with the trade deal signing currently underway. Comments from National Economic Council Director Larry Kudlow that U.S....Read More
A short squeeze could keep the upside goingOne of the best stocks on the New York Stock Exchange (NYSE) this morning is Shake Shack Inc (NYSE:SHAK). SHAK is up 9.6% to trade at $70.16, on track for its best day since Aug. 6. Although the catalyst is unclear, Goldman Sachs did weigh in on the company's exclusive partnership with GrubHub (GRUB), predicting an 80% rally from its current levels. What...Read More
Analysts are surrounding JPM with price-target hikes todayKeeping up with this week's theme of bank stocks, JPMorgan Chase & Co. (NYSE:JPM) is back in headlines just one day after sharing an upbeat quarterly report. After the close yesterday and first thing this morning, JPM has received no fewer than seven price-target hikes, including one to $151 from $146 at Jefferies, and to $150 from $148 at...Read More
Puts have been popular for some time nowOne of the worst stocks on the New York Stock Exchange (NYSE) today is Target Corporation (NYSE:TGT), down 6.3% to trade at $117.34. The retailer's holiday sales figures of 1.4% came in drastically lower than last year's 5.7% growth, with underperformance in the electronics, toys, and home products areas. Target stock hit a record high of $130.24 on Dec. 20...Read More
Goldman Sachs and Bank of America both reported earnings beatsU.S. stock futures are sitting below fair value this morning, as Wall Street awaits the official signing of a "phase one" trade deal between the U.S. and China. Ahead of the 11:30 a.m. ET signing, there remains some tension between the countries, especially after Treasury Secretary Steven Mnuchin said this morning that tariffs between...Read More
The FDA just granted the stock's advanced prostate cancer treatment priority review statusThe shares of health care name Clovis Oncology Inc (NASDAQ:CLVS) are surging in electronic trading, following news the U.S. Food and Drug Administration (FDA) granted priority review status to its Rubraca therapy in patients with advanced prostate cancer. The stock is up 26.5% ahead of the bell, set to pop ba...Read More
This, the second part of our Silver research article suggesting Silver may be forming a massive price base in preparation for an explosive upside move, will continue from Part I of this research series.Our research team believes Silver is setting up in a price pattern that may already be “ripe” for an explosive upside move. Our researchers have poured over the data and believe th...Read More
BYND has had a volatile 2020 so farVeggie burger maker Beyond Meat Inc (NASDAQ:BYND) is down 4.1% this morning to trade at $112.20, after receiving a downgrade to "market perform" from "outperform" at Bernstein. The analyst slam comes on the heels of Beyond Meat's announcement it has entered into a multi-year pea protein supply deal with Roquette Fr??res. Bernstein analyst Alexia Howard said the...Read More
- Peter DegraafA good place to start is at the seasonal tendencies for gold. There are seasons when gold drops in price, simply due to a lack of interest on the part of investors, and there are times when there is a seasonal tendency for investors to flock into the gold market. This chart courtesy goldchartsrus.com shows January is historically the best month for owning gold and gold produ...Read More
- Stewart Thomson, Graceland Updates 1. For the past few years, I've been suggesting that the world's ultra-wealthy investors have been buying enormous quantities of physical gold at a rate that overwhelms the commercial trader shorting on the COMEX.2. Please click here now. RT News highlights a wonderful chart produced by Goldman Sachs, and it likely proves that my theory is 100% cor...Read More
By: Ira EpsteinGold found support around $1,540. Pattern still bearish short-term, needs to get above $1,570. 18-DMA around $1538:Read More
On the face of it, the so called trade US-China trade deal looks a sham just to fool the voters. US treasury secretary has said that trade tariff's with China will be there until the second phase of the trade agreement. Trump's biggest vote bank is farming states. Energy companies have a history of funding Republicans. Chinese will be buying very large quantities to American farm produce and Ame...Read More
Technical analyst Clive Maund charts silver's progress in comparison to gold's following recent world events.Silver's recent rally looks diminutive and stunted compared to gold's, but that's normal at this early stage of a new bull market, when silver typically underperforms gold due to investors being risk-averse and silver being perceived as more risky and volatile than gold. Nevertheless, as we...Read More
Hollow steel sections prices in Europe moved up this week, following increases from producers, market sources told Fastmarkets on Wednesday January 15.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?600-630 ($668-701) per tonne on Wednesday, up from ?,?590-600 per tonne one week previously.Various section producers have created new pric...Read More
Technical analyst Clive Maund examines the effects of recent geopolitical events on the precious metals markets.It has been a week of surprises since the last updates were posted. First, I had not expected Iran to retaliate following the murder of its top general by a U.S. drone—but it did, despite the risks, as it was politically necessary to assuage the extreme anger of its population who...Read More
Central China-based Henan Luoyang Iron & Steel is to sell its 1.04 million tonnes per year of crude steel capacity to a mill in southern China's Guangdong province, according a notice released by the Henan Industry & Information Technology Department on Tuesday January 14.Seller: Luoyang Iron & SteelLocation: Luoyang city, Henan...Read More
- Peter DegraafA good place to start is at the seasonal tendencies for gold. There are seasons when gold drops in price, simply due to a lack of interest on the part of investors, and there are times when there is a seasonal tendency for investors to flock into the gold market. This chart courtesy goldchartsrus.com shows January is historically the best month for owning gold and gold produ...Read More
- Dave KranzlerGresham's Law in action: The diminishing availability of physical gold from the market (per several different accounts in London) corresponds to the proliferation of fiat currency printing and paper gold derivatives.Since September the Fed has increased the size of its balance sheet by $414 billion or 11% in less than four months. It's the fastest rate at which the Fed has print...Read More
By: Stefan Gleason, Money Metals ExchangeThe U.S. Treasury Department announced Monday that China is no longer on a list of countries deemed to be "currency manipulators." The timing was awfully convenient, coming just ahead of an expected Phase One trade deal between the two powers.Nobody actually believes China has stopped manipulating the value of its yuan versus the U.S. dollar.But the Trump...Read More