The company reported another round of encouraging cancer drug dataWhile drug distributors like McKesson (MCK) and Cardinal Health (CAH) are swimming in red ink amid reports of eleventh-hour legal settlements over the opioid crisis, the shares of Seattle Genetics, Inc. (NASDAQ:SGEN) are near the top of the Nasdaq today. The biotech stock is pacing for its best day since July -- and just notched an...Read More

Looking at three of the worst stocks in today's tradingStocks are mostly gaining today on a positive round of trade headlines. However, three names struggling on the charts are aircraft equipment manufacturer Spirit AeroSystems Holdings, Inc. (NYSE:SPR), software firm Micro Focus International PLC (NYSE:MFGP), and medical device stock Smith & Nephew plc (NYSE:SNN). Here's a look at how SPR, MFGP...Read More

BAC options are attractively priced after earningsBank of America Corp (NYSE:BAC) is in focus today, after the financial stalwart fired the latest salvo in the brokerage wars. The company announced commission-free stock, exchange-traded fund (ETF), and options trading for loyalty program members. Bank of America joins Charles Schwab (SCHW) and TD Ameritrade (AMTD), among others, in its attempt to...Read More

Pessimism is still surrounding the outperformerHasbro, Inc. (NASDAQ:HAS) stock is slightly in the red today at $120.78, and we are looking ahead to the toymaker's quarterly results, slated for before the bell tomorrow, Oct. 22. Below we will take a closer look at the equity's long-term performance on the charts, and see what the options market is pricing in for the stock's post-earnings move.Hasb...Read More

UPS has been fairly volatile overall in the past yearUnited Parcel Service Inc (NYSE:UPS) had a huge turn in the earnings confessional last quarter, jumping 8.7% the day after reporting. Traders paying attention to UPS again ahead of the company's earnings release before the open tomorrow, Oct. 22, but the options data doesn't suggest there's much optimism around the equity ahead of the event. At...Read More

Another down day for Boeing is keeping the Dow's gains in checkThe Dow Jones Industrial Average (DJI) has traded on both sides of breakeven to start the week, but was last seen modestly higher amid U.S.-China trade optimism. Despite another dismal day for scandal-laden Boeing(BA), the blue-chip index is up after Chinese Vice Premier Liu He reported "substantial progress" on trade talks over the...Read More

RBC upgraded the shares to "outperform"Pinterest Inc (NYSE:PINS) will report third-quarter earnings next Thursday, Oct. 31. Ahead of the event, PINS stock got a boost of confidence from RBC, which upgraded the equity to "outperform" from "sector perform." The analyst also hiked its price target on the shares to $35 from $30, representing expected upside of more than 38% from Friday's close of $25....Read More

Raymond James thinks AAPL could surge 20%A bull note from Raymond James had Apple Inc (NASDAQ:AAPL) trading at a brand-new all-time high of $240.28 today, and it was up 1.5% at $239.90 at last check. The analyst lifted its target price to a Street high of $280 from $250 -- a roughly 20% premium to Friday's close -- foreseeing "more stable near-term conditions"ahead of the company's iPhone 11 and S...Read More

Clive MaundThe normal and natural business cycle where periods of growth were punctuated by healthy recessions has been all but eliminated by government and Central Bank interference. The recessionary phases which saw bearmarkets and retrenchment were a part of the cycle that is essential for the maintenance of a healthy economy, because it involved the correction of excess and the elimination o...Read More

There is still a chance of Brexit by 31st October. This is the reason why cable has not crashed and gold has not zoomed. US-China trade talks will be closely watched as the month progresses. Crude oil and industrial metals will be very volatile. IMF has also said that gold and silver are hedges against inflation. After a long time, silver has been invoked as an inflation hedge. Invest in silver...Read More

CMG has added 96% in 2019 alreadyFood chain Chipotle Mexican Grill, Inc. (NYSE:CMG) is starting the week off on the right foot, thanks to a fresh dose ofanalyst praise. Ahead of earnings, which are slated for release after the close tomorrow, Oct. 22, brokerage firm BTIG hiked its price target to $890 from $845. The analyst said margins and comparable-store sales could hit "historic levels" andex...Read More

Put buying has easily surpassed call buying in recent weekseBay Inc (NASDAQ:EBAY) is trading up 1% today at $39.20, even though Deutsche Bank this morning downgraded its rating on the e-commerce name to "hold' from "buy," while trimming its price target to $42 from $46. The brokerage note said eBay needs to differentiate its business if it wants to be able to challenge competitors like Amazon.com...Read More

There's a lot of pessimism surrounding HPE sharesThe shares of Hewlett Packard Enterprise Co (NYSE:HPE) are up 3.3% to trade at $15.85 this morning, after BofA-Merrill Lynch issued a rare double upgrade on the tech firm. The brokerage firm upped its rating to "buy" from "underperform," and set a price objective of $19 from $13. The brokerage firm waxed optimistic about the company's free cash flow...Read More

The FDA just approved the drug stock's topical Amzeeq treatment Shares of the dermatological concern Foamix Pharmaceuticals Ltd (NASDAQ:FOMX) are looking to start the week higher, after the firm said it received approval from the Food and Drug Administration (FDA) for its topical acne treatment Amzeeq -- a reformulated version of the antibiotic minocycline, which has limited use due to some aver...Read More

A number of major companies are scheduled to report earnings this weekDow Jones Industrial Average (DJI) futures are trading above fair value this morning, as Wall Street prepares for a huge week on the earnings front. While the schedule is somewhat light today, traders also have trade talks between the U.S. and China to monitor, with White House economic advisor Larry Kudlow telling Fox Business...Read More

The sentiment backdrop favors an SPX breakout, even as the index trades near the top of its range"...the SPX enters options expiration week just below another layer of historical resistance: the round 3,000 millennium mark, which is just below the SPX's 20% year-to-date (YTD) gain at 3,008. Bonds, as represented by the iShares 20+ Year Treasury Bond ETF (TLT - 140.44), experienced a sharp retreat...Read More

Clive MaundThe normal and natural business cycle where periods of growth were punctuated by healthy recessions has been all but eliminated by government and Central Bank interference. The recessionary phases which saw bearmarkets and retrenchment were a part of the cycle that is essential for the maintenance of a healthy economy, because it involved the correction of excess and the elimination o...Read More

StrengthsThe best performing metal this week was palladium, up 3.26 percent as its one-week lease rate reached the highest since January, indicating physical supplies are tight. Gold traders and analysts in the weekly Bloomberg survey were mostly neutral on the metal's price outlook as the market awaits the upcoming Fed meeting. Gold did advance on Wednesday after an unexpected drop in U.S. reta...Read More

There is still a chance of Brexit by 31st October. This is the reason why cable has not crashed and gold has not zoomed. US-China trade talks will be closely watched as the month progresses. Crude oil and industrial metals will be very volatile. IMF has also said that gold and silver are hedges against inflation. After a long time, silver has been invoked as an inflation hedge. Invest in silver...Read More

GraniteShares Gold Trust (BAR) has delivered a flattish performance over the past week, despite a marked deprecation in the dollar, contrary to our expectations.We attribute the lack of upside in BAR to a speculative de-grossing, after the speculative community held for some months a significantly net long position in Comex gold.But the stability of gold ETF buying, despite the rebound in global...Read More