We originally recommended the FB call on April 3Subscribers to Schaeffer's Event Trader service just scored a 117% profit with the Facebook Inc (NASDAQ:FB) April 155 call. We're going to take a look back to see why we were initially bullish on FB, and how the options trade unfolded. At the time of our call recommendation from Tuesday, April 3, we noted that Facebook stock was up 10% year-over-ye...Read More
Source: Clive Maund for Streetwise Reports 04/25/2018 Technical analyst Clive Maund discusses the trend of earnings relative to stock market cycles. -->Decades ago, the famous market analyst Joseph Granville stated that "there is more maintained stupidity in this business than probably in any other business in the world," referring to the stock market. He was right, except that the governme...Read More
Canada's GoldCorp (TSX:G, NYSE:GG) is investing $3.7 million to acquire a 14% interest in a newly formed gold exploration company born Thursday from the merger of Matamec, Canada Strategic Metals and Sphinx Resources.The new explorer, named Quebec Precious Metals Corp. (QPM), will focus on the James Bay area, bordering the provinces of Quebec and Ontario, where it will own three projects until now...Read More
WASHINGTON (Reuters) - New orders for key U.S.-made capital goods unexpectedly fell in March, weighed down by the biggest drop in demand for machinery in nearly two years, and a decline in shipments suggested business spending on equipment slowed in the first quarter.But other data on Thursday showed the economy remains on a strong footing. The number of Americans filing unemployment benefits drop...Read More
While not exactly a "State-Of-The-Union" address this week, the London Metal Exchange's Update Forum in London - open to all - was a useful pit-stop event on what is gearing up to be a busy few months in its unfolding Strategic Pathway. On a widespread and varied menu, LME decisionmakers outlined current thinking and plans across the board. Among these are a couple of potentially tricky initiative...Read More
SHANGHAI, Apr 27 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index continued to rise overnight, bolstered by strong economic data from the US as well as the 10-year treasury yield breaching the 3% threshold for the first time in four years earlier in the week.LME aluminium jumped 1.6% following news that Oleg Deripaska...Read More
Back in 2005 a reporter took a tour of General Motors' headquarters, and in the resulting article one thing stood out: The executives and engineers the reporterContinue...Read More
The shares are flirting with multi-year highs, yet options remain attractiveBiotech name Heron Therapeutics Inc (NASDAQ:HRTX) once again appeared on Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks that are currently trading near a 52-week high, but also sport a low Schaeffer's Volatility Index (SVI). This combination of stellar price action and relatively inexpensive short...Read More
By Avi GilburtOne of the main benefits of understanding Elliott Wave analysis is that it places the market into a larger degree objective context from which you can make your major decisions about your investments.While most analysis is either strongly bullish or strongly bearish for years on end (as I am sure many of you read perma-bears and perma-bulls alike), markets do not work like that. Th...Read More
Newmont Mining (NYSE:NEM) logged Thursday a higher-than-expected quarterly profit on the back of higher gold prices during the first three months of the year, as investors have returned to safe haven assets due to ongoing geopolitical risks.The US miner, the only gold company that forms part of the S&P500 index, earned a quarterly profit of $192 million, or 36 cents a diluted share, compared wit...Read More
(Kitco News) - Gold and silver prices areslightly higher in early U.S. trading Thursday, as the precious metals aretrying to stabilize after selling off most of this week. Gold prices hit afour-week low on Wednesday. June Comex gold futures were last up $1.60 an ounceat $1,324.40. May Comex silver was last up $0.008 at $16.51 an ounce. Worldstock markets were mostly firmer overnight. U.S. stock in...Read More
Domestic prices for heavy steel plate in Europe have moved down slightly this week but are expected to recover in May, sources told Metal Bulletin on Thursday April 26."There is some resistance currently from buyers, and plate prices have weakened a bit, but I think this situation is temporary," an Italian source said.Plate prices are expected to be supported by a recovery in restocking activity a...Read More
"The American, British and French governments know they're lying through their teeth... and they're using these [orchestrated] events to take the world to war, the outcome Continue...Read More
Visa and Home Depot are guiding the Dow higherThe Dow Jones Industrial Average (DJI) is pushing higher at midday, thanks to a post-earnings rally from Visa (V) and a strong move from Home Depot (HD). Chipotle (CMG) -- the best S&P 500 Index (SPX) stock today -- and Facebook (FB) continue to gain after earnings, as well, lifting equities across the board. A dip below the 3% mark from the 10-year T...Read More
TSX Venture Symbol: COR OTCQB Symbol: CAMZF Frankfurt Symbol: XC01VANCOUVER , April 26, 2018 /CNW/ - Camino Minerals Corporation ("Camino" or the "Company") (COR:TSX-V) is pleased to report results for the first diamond drill hole completed as part of the 2018 drill program on the Adriana Zone ("Adriana") at its Los Chapitos Project ("Chapitos"), located in southern Peru. Select drill highlight...Read More
Alasdair says to get ready for the break-out in silver, because it could happen at any moment. Here's why...Alasdair Macleod interviewed on Reluctant PreppersJust when you thought Bitcoin and other cryptocurrencies had burned out through exhaustion blow-off top and fallen into the valley of despair, along comes the steady-minded and soft-spoken Head of Research for GoldMoney, Alasdair Macleod, to...Read More
Continue...David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism...Read More
Big companies report blow-out earnings. Home prices soar. North Korea promises to end its nuke program, possibly averting another Asian war.And stocks fall.Does this mean the news no longer matters? That's exactly what it means. But it never did matter. In a world this complex, big things both good and bad are always happening. So the events themselves are less important than our interpretation...Read More
The chip stock has added roughly 22% in 2018Micron Technology, Inc. (NASDAQ:MU) is trading higher today, up 5.2% at $50.09, catching a halo lift amid well-received earnings from chip sector peer Advanced Micro Devices (AMD). Prior to today's burst, Micron stock was mired in a steep pullback from its mid-March high at $63.42. If past is precedent, though, it could be time to bet on MU's next leg hi...Read More
Domestic prices for hot-rolled coil (HRC) in Southern Europe fell this week, mainly due to lower import offers, sources told Metal Bulletin.In addition, the domestic prices moved down as end users continued to resist any price rises from distributors, having not fully absorbed the price increases from the first quarter of this year, according to market sources.Metal Bulletin's weekly price as...Read More