The Democratic Party's rising socialist icon - Alexandria Ocasio-Cortez, has been on an intense media junket since her upset primary victory overContinue...Read More
New tariffs threatened by the United States on imports of cars from Europe could jeopardize as many as 1 million jobs in manufacturing and 3.3 million jobs in the retail sector, according to the European Union.The EU made its comments in documents submitted to the US Department of Commerce as part of that country's continuing Section 232 national security investigation into imports of cars, SUVs,...Read More
"Our research shows a significant link between air pollution and diabetes globally." Continue...Read More
Low volatility expectations are being priced into short-term VRTX optionsDrug concern Vertex Pharmaceuticals, Inc. (NASDAQ:VRTX) has been trading sideways over the past 12 months. However, notable upside may be in the stock's near future, considering VRTX has been one of the best stocks to own in the third quarter, looking back over the last decade.According to Schaeffer's Senior Quantitative Ana...Read More
"As the economy gears up, more people working, better jobs and careers, those revenues come rolling in and the deficit, which is the other criticism, is coming downContinue...Read More
AMD will report earnings in late JulyAfter skimming the $9 back in early April, Advanced Micro Devices, Inc. (NASDAQ:AMD) went on to hit an 11-year high of $17.34 on June 18. While the shares have since pulled back from this notable milestone, speculators on Friday targeted it for short-term trades using weekly AMD options.Specifically, the weekly 7/13 and 7/27 17.50-strike calls were active in Fr...Read More
CloseGain/LossGold $1240.20-$12.30Silver$15.85-$0.24XAU81.11-0.60%HUI173.49-0.59%GDM615.97-0.77%JSE Gold1060.20+0.44USD94.99+0.42Euro116.22-0.57Yen90.27-0.10Oil$73.94-$0.2110-Year2.864%+0.009T-Bond144.75-0.25Dow24307.18+0.15%Nasdaq7567.69+0.76%S&P2726.71+0.31% The Metals: Gold fell throughout most of trade in New York and ended near its last-minute low of $1239.70 with a...Read More
As the Reset Begins, Get Goldby James Rickards for Agora Financial's Gold SpeculatorThis may be the most important commentary I've ever written. Here's why.For years, financial analysts have discussed what's called the Global Monetary Reset, or GMR. Expectations of a GMR stem from the fact that monetary policies around the world are unstable and unsustainable.Aftermath: Seven Secrets of Wealth P...Read More
Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, discuss the fundamentals behind gold and the markets. Gold is the ultimate safe haven, for two simple reasons. First, its total aboveground supply only grows 1.4% per year, no matter what anyone does (and even this rate of increase is starting to fall as production levels have peaked). Second, gold is final settlement for the payment of obl...Read More
WBA stock just had its worst week since August 2014Brokerage firm Mizuho this morning downgraded new Dow component Walgreens Boots Alliance Inc (NASDAQ:WBA) to "neutral" from "buy," and dropped its price target to $64 from $77. The bear note was all about Amazon's (AMZN) push into the pharmacy space following last week's PillPack purchase. For example, Mizuho believes the growing threat of Amazon...Read More
MCXG stock hit a four-year low earlierA number of top executives have resigned at MiMedx Group Inc (NASDAQ:MDXG) amid an ongoing internal investigation over the biopharmaceutical firm's accounting practices. Most recently, CEO Pete Petit and Chief Operating Officer Bill Taylor are out, following the early June departure of the company's chief financial officer. In reaction, MDXG stock has plummete...Read More
CEO Elon Musk yesterday tweeted that the company had met its production goalShares of Tesla Inc (NASDAQ:TSLA) are higher in early trading, afterCEO Elon Musk tweeted the company produced 7,000 cars in one week, including 5,000 Model 3 electric sedans -- meeting its end-of-June goal. What's more, the firm has reportedly raised its Model 3 production goal to 6,000 vehicles per week by late August....Read More
JWN is now testing its 80-day moving average Nordstrom, Inc. (NYSE:JWN) stock is down 4.9% to trade at $49.25, after Cowen issued a downgrade to "market perform" from "outperform," while slashing its price target to $51 from $56. The analyst in coverage says the equity lacks near-term upside, citing store traffic and risks to margins, while calling out potential weakness from the department store...Read More
Pattern– price has been in a downtrend since the 2011 high and the current priceaction looks corrective in nature. An ABC correction looks to be playing outwith price still to put in a wave C high.BollingerBands – price is back at the middle band and I am looking for support to kickin here. Fibonacci– price is at the 50% angle which looks to be providing some resistance.Ultimatel...Read More
A number of news reports on fresh trade tensions are sinking stocks pre-marketStocks are set to start the third quarter on a negative note, withDow Jones Industrial Average (DJI) futures trading well below fair value. Trade concerns are the story once again, as reports circulate that the Trump administration is considering a bill that would allow the White House unilateral power to increase tariff...Read More
A break of SPX 2,700 could have dangerous short-term implications for the stock market"I see the 2,700-2,715 area as important not only because 2,700 represents a round century mark, but also because this is the zone where buyers stepped in when the index broke above a trendline connecting a series of lower highs since late January. Additionally, 2,706 is quadruple the SPX bear-market closing low...Read More
Turkey imported 861,166 tonnes of flat steel in May 2018, up by 12.25% year on year from 696,242 tonnes in May 2016, according to the Turkish Statistical Institute (TUIK).The reason for the increase is strong demand for flat steel in the country in January and February 2018, and most of the orders placed then arriving in the country in May. Turkey also reduced the import duty applied to incom...Read More
Indian steel company Tata Steel and German steel conglomerate ThyssenKrupp have signed a much anticipated definitive agreement to create a 50:50 European joint-venture, the companies said on June 30."With the joint venture we create a highly competitive European steel player - based on a strong industrial logic and strategic rationale. This will help secure jobs and value chains in European c...Read More
CloseGain/LossGold $1240.20-$12.30Silver$15.85-$0.24XAU81.11-0.60%HUI173.49-0.59%GDM615.97-0.77%JSE Gold1060.20+0.44USD94.99+0.42Euro116.22-0.57Yen90.27-0.10Oil$73.94-$0.2110-Year2.864%+0.009T-Bond144.75-0.25Dow24307.18+0.15%Nasdaq7567.69+0.76%S&P2726.71+0.31% The Metals: Gold fell throughout most of trade in New York and ended near its last-minute low of $1239.70 with a...Read More
CloseGain/LossGold $1240.20-$12.30Silver$15.85-$0.24XAU81.11-0.60%HUI173.49-0.59%GDM615.97-0.77%JSE Gold1060.20+0.44USD94.99+0.42Euro116.22-0.57Yen90.27-0.10Oil$73.94-$0.2110-Year2.864%+0.009T-Bond144.75-0.25Dow24307.18+0.15%Nasdaq7567.69+0.76%S&P2726.71+0.31% The Metals: Gold fell throughout most of trade in New York and ended near its last-minute low of $1239.70 with a...Read More