A number of tech and chip stocks received analyst attention this weekTrade war tensions took investors on a wild ride over the past five days, as evidenced by the Dow Jones Industrial Average (DJI) snapping a historic streak above its 200-day moving average. U.S. trade relations with the European Union (EU) and China remained icy all week, which kept upside in check. However, the major equity ben...Read More
The third quarter is about to beginAs the second quarter comes to a close, two Dow names traders may want to consider are Merck & Co., Inc. (NYSE:MRK) and Mastercard Inc (NYSE:MA). Below, we will take a closer look at MRK and MA, and dig into howthe blue chips landed on Schaeffer's Senior Quantitative Analyst Rocky White's list of the best 25 stocks to own in the third quarter.MRK Has Made Outsi...Read More
NKE shares have rallied to record highsNike (NKE) stock's post-earnings surge to record highs has the Dow Jones Industrial Average (DJI) set for a big win. In fact, one of the few blue-chip losers today is Dow newcomer Walgreens Boots Alliance (WBA), as analysts pound the pharmacy concern. The financial sector is today's other bullish driver, thanks to extended rallies from large-cap bank stocks....Read More
ATVI is trading near a trendline that's marked ideal entry points in the pastActivision Blizzard, Inc. (NASDAQ:ATVI) came within a chip-shot of notching a record high earlier this month, extending a mid-May bounce off its 200-day moving average. The shares have more recently consolidated near another trendline that's had bullish implications in the past, suggesting ATVI could be headed on its next...Read More
Saudi Arabia is starting to panic, and is growing concerned that the growing number of supply disruptions around the world could cause oil prices to spike. Saudi Arabia is moving quickly to head off a supply crunch, aiming to dramatically ramp up production to a record high 11 million barrels per day in July, according to Reuters.The increase, if it can be pulled off, would be an incredibly rapid...Read More
Options were attractively priced at the time of the recommendationSubscribers to Schaeffer's Weekly Options Trader more than doubled their money with the JPMorgan Chase & Co. (NYSE:JPM) weekly 6/29 110-strike put we recently recommended. We're going to take a look back to see why we expected the bank stock to struggle, and how the options trade unfolded.At the time of our recommendation on June...Read More
CloseGain/LossOn WeekGold $1252.50+$4.30-1.39%Silver$16.09+$0.09-2.25%XAU81.59+2.21%-0.50%HUI174.52+2.35%-1.36%GDM620.96+1.91%+0.35%JSE Gold1059.76+35.81-0.64%USD94.57-0.75+0.02%Euro116.79+1.13+0.14%Yen90.37-0.12-0.83%Oil$74.15+$0.70+8.12%10-Year2.855%+0.015-1.38%Bond144.90625-0.0625+0.63%Dow24271.41+0.23%-1.26%Nasdaq7510.30+0.09%-2.37%S&P2718.37+0.08%-1.33% The Metals: G...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort195,118118,44651,434171,601266,564418,153436,444Change from Prior Reporting Period -7,79712,043-5,44810,126-9,035-3,119-2,440Traders18390885050274192 Small Speculators (C) GoldSeek.com LongShortOpen Interest 50,42032,129468,573 3,3472,668228 non reportable positionsChange from...Read More
This quarter was a trader's paradise. Volatility was good in currencies, metals as well as energies. Stock market bears and bulls had a nice tug-o-war. I do not see a repeat in the third quarter. Volatility will be less. Change will be there but it will be smooth and orchestrated by central banks and their aided financial institutions. My only message is invest in instruments which have strong m...Read More
Inthe latest edition of the Market Overview,we have analyzed the risk related to the rising U.S. public debt and private leverage. This month, we will adopt a more global perspective.Until recently, thanks to the synchronized worldwide growth, it was easy tolose sight of the elephant in the room. But as U.S. interest rates have climbed in recent months and dollar has appreciated, we cannot ignore...Read More
The company made the announcement this morningShares of Ocular Therapeutix Inc (NASDAQ:OCUL) are down 2.2% at $7.09 in early trading, after the company announced its New Drug Application (NDA) resubmission for its eye pain drug DEXTENZA, to the Food and Drug Administration (FDA). The company's President and CEO Antony Mattessich said it has made "substantial improvements" in the manufacturing of...Read More
WBA options have been very popular Walgreens Boots Alliance Inc (NASDAQ:WBA) shares have been getting hammered, shedding nearly 10% in yesterday's session alone after Amazon scooped up online pharmacy PillPack for a reported $1 billion in cash. WBA stock touched a more than three-year low of $59.07 before closing at $59.70, bringing its year-to-date deficit to 17.8% -- even though Walgreens CEO St...Read More
Today's upside gap is running out of steam near the stock's 50-day moving average ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) stock is up 11.5% to trade at $16.80, after the Food and Drug Administration (FDA) approved new capsule dosing formulation and tablet strength for Nuplazid, the company's treatment for Parkinson's disease. ACAD is now pacing for its best day since Aug. 9. Today's surge runs...Read More
The GDX/COPX ratio has broken above the 50 & 200 day moving averages and is still going, despite gold’s ignominious state at the moment. Here’s what gold (GLD) looks like today.Here is what copper looked like at yesterday’s close (in-day today it is a hair under 3, at 2.9981/lb). And yes, that is important support.Against the broader Industrial Metals complex GDX is weaker. B...Read More
U.S. stocks are set to follow their global counterparts higherFutures on the Dow Jones Industrial Average (DJI) are signaling a higher open, with bank stocks catching a lift after most big lenders -- including Wells Fargo (WFC) and Citigroup (C) -- passed the second round of the Fed's annual stress tests. Traders are also cheering solid overnight gains in Asia, as well as a strong start to the ses...Read More
NKE stock is expected hit a new record high at the openNike Inc (NYSE:NKE) is set for a big session, after the athletic apparel retailer unveiled a blowout earnings report. A round of bullish brokerage upbeat analyst notes is only fueling the bullish flames, with NKE stock up 10.9% in electronic trading -- on track to open at a record high.For the fiscal fourth quarter, Nike reported adjusted prof...Read More
Imports of hot rolled coil (HRC) into the European Union (EU) rose by 5.8% to 3.52 million tonnes during the first five months of 2018 from 3.3 million tonnes in January-May 2017, according to regional steel association Eurometal.Import volumes of Russian-origin HRC into the EU rose sharply to 749,000 tonnes in January-May 2018 from 147,000 tonnes a year earlier.In October 2017, the European Commi...Read More
CloseGain/LossOn WeekGold $1252.50+$4.30-1.39%Silver$16.09+$0.09-2.25%XAU81.59+2.21%-0.50%HUI174.52+2.35%-1.36%GDM620.96+1.91%+0.35%JSE Gold1059.76+35.81-0.64%USD94.57-0.75+0.02%Euro116.79+1.13+0.14%Yen90.37-0.12-0.83%Oil$74.15+$0.70+8.12%10-Year2.855%+0.015-1.38%Bond144.90625-0.0625+0.63%Dow24271.41+0.23%-1.26%Nasdaq7510.30+0.09%-2.37%S&P2718.37+0.08%-1.33% The Metals: G...Read More
CloseGain/LossOn WeekGold $1252.50+$4.30-1.39%Silver$16.09+$0.09-2.25%XAU81.59+2.21%-0.50%HUI174.52+2.35%-1.36%GDM620.96+1.91%+0.35%JSE Gold1059.76+35.81-0.64%USD94.57-0.75+0.02%Euro116.79+1.13+0.14%Yen90.37-0.12-0.83%Oil$74.15+$0.70+8.12%10-Year2.855%+0.015-1.38%Bond144.90625-0.0625+0.63%Dow24271.41+0.23%-1.26%Nasdaq7510.30+0.09%-2.37%S&P2718.37+0.08%-1.33% The Metals: G...Read More
By Ira EpsteinGold and silver bounce at the end of the quarter, but not by much.https://www.iraepstein.com/ Read More