Even as rival Weight Watchers International, Inc. (NYSE:WTW) has surged on the charts, weight loss specialist NutriSystem Inc. (NASDAQ:NTRI) has failed to gain any momentum. The stock is down 23.5% in 2018, last seen trading at $40.25, but it'll have a chance to turn things around with earnings scheduled for after the close on Monday. Unfortunately for shareholders, poor earnings reactions have pl...Read More
In the previous part, we thoroughly analyzed the bull and bear trends in the U.S. dollar. But what about gold cycles? Let’s look at the chart below, which shows the long-term behavior of gold prices. Chart 1: Gold bull and bear cycles (from 1971 to 2018, London P.M. Fix, in $). As one can see, there were only four cycles compared to six in the U.S. dollar: two gold bull markets and two...Read More
SAO PAULO, Feb 23 (Reuters) - Mexican stocks led losses across Latin America on Friday as poor economic growth figures there pushed the benchmark IPC index down almost 1 percent during an otherwise quiet day in the region.Early on Friday, Mexico's national statistics agency said gross domestic product in Latin America's second biggest economy expanded 0.8 percent in the fourth quarter from the pre...Read More
MILAN, Feb 23 (Reuters) - A sole non-binding expression of interest for Telecom Italia's majority-owned broadcasting unit Persidera unit came from U.S.-based infrastructure fund I Squared Capital, two sources familiar with the matter told Reuters.One of the sources had said previously that the non-binding expression of interest valued the unit at 290 million euros ($356.6 million). So far TIM has...Read More
NEW YORK, Feb 23 (Reuters) - Jeffrey Gundlach, chief executive of Doubleline Capital, said Friday that while bonds yields seem to "make sense" at current levels, he has a "low conviction feeling" that they could breakout to the upside, representing a "clear and present danger."Gundlach, on CNBC television, said commodities are the best place to be during late-stage ec...Read More
Gold bull and bear marketsIn the previous part, we thoroughly analyzed the bull and bear trends in the U.S. dollar. But what about gold cycles? Let's look at the chart below, which shows the long-term behavior of gold prices.Chart 1: Gold bull and bear cycles (from 1971 to 2018, London P.M. Fix, in $).As one can see, there were only four cycles compared to six in the U.S. dollar: two gold bull ma...Read More
(Adds Fed's Board of Governors' semiannual report to Congress on monetary policy, change in schedule for Powell's congressional testimony)By Trevor HunnicuttNEW YORK, Feb 23 (Reuters) - Investors are starting to doubt whether they can count on the protective embrace of an accommodative U.S. central bank when markets go haywire.Federal Reserve chair Jerome Powell has said little about the sharp fa...Read More
Full year results from the UK's major lenders are out of the way but another busy week of corporate earnings awaits.The attention will switch from banks to housebuilders with Taylor Wimpey PLC (LON:TW), Persimmon PLC (LON:PSN) and Bovis Homes PLC (LON:BVS) among the raft of companies out with annual results. The property market has slowed since the Brexit vote but housebuilders have insi...Read More
Gold is faring quite well today technically, though you sure wouldn't know it from the rampant bearish sentiment. Gold's price is in a strong uptrend over a year old, high in both its current upleg and young bull market. Gold isn't far from breaking out to its best levels since September 2013, a really big deal. The stock markets even finally sold off after years of unnatural calm. Yet trade...Read More
* LME/ShFE arb: (Updates with closing prices)By Eric OnstadLONDON, Feb 23 (Reuters) - Copper, zinc and other base metals prices fell on Friday as investors locked in profits and the dollar firmed amid uncertainty over demand in top metals consumer China. Benchmark copper gained about 8 percent earlier this month in a rally that lifted the metal to its highest in a month last Friday at $7,253 a ton...Read More
Stocks are once again higher at midday, with tech taking the lead. The Fed remains in focus, as the central bank's semiannual monetary policy report pointed to just three rate hikes in 2018. In addition, ahead of new Fed Chair Jerome Powell's first Congressional testimony next week, New York Fed President William Dudley waxed optimistic on the central bank's drawdown of its balance sheet, and inve...Read More
* Yields on 10-year Treasury notes down for second day* General Mills to buy Blue Buffalo for $8 bln* Hewlett Packard Enterprise hits record high* Indexes up: Dow 0.81 pct, S&P 0.72 pct, Nasdaq 0.76 pct (Changes comment, adds details, updates prices)By Sruthi ShankarFeb 23 (Reuters) - Wall Street's main indexes rose on Friday, with gains in technology stocks helping claw back some of the week'...Read More
(New throughout, adds details from decision, background, case citation, byline)By Jonathan StempelNEW YORK, Feb 23 (Reuters) - Charles Schwab Corp and several of its mutual funds persuaded a U.S. appeals court on Friday to revive their lawsuit seeking to hold 17 banks responsible for manipulation of the benchmark Libor interest rate.In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals in Manh...Read More
Gold's safety bid is still supportive but not guaranteed.A more promising factor for gold is the raw commodity bid.A rising crude oil price is the strongest indication of this.The question of the hour among investors in all asset categories is whether or not global equities, with the U.S. stock market in particular, are on the brink of another panic sell-off. The resolution of this question wi...Read More
(Adds detail)RIGA, Feb 23 (Reuters) - Latvia's central bank provided an emergency loan to troubled lender ABLV on Friday, offering it a potential lifeline as a European Central Bank deadline approaches for the bank to present a credible survival plan.Latvia, a member of the euro zone that borders Russia, has come under increasing scrutiny recently over allegations that it is a conduit for illicit...Read More
By Ankur BanerjeeFeb 23 (Reuters) - Henry Schein Inc and Patterson Cos Inc have bigger things to worry about than Amazon.com Inc potentially disrupting the niche dental-equipment market they dominate in the United States.Their stocks, as well as those of other U.S. drug and medical equipment suppliers, have taken a beating in the past year as speculation over Amazon expanding its considerable reac...Read More
* Dollar on pace for a weekly gain of 0.9 pct* Euro weaker as political risks loom (Updates throughout to U.S. market open, changes dateline; previous LONDON)By Saqib Iqbal AhmedNEW YORK, Feb 23 (Reuters) - The dollar edged higher against a basket of major currencies on Friday, extending its recovery from a three-year low last week, as the potential for a more aggressive U.S. Federal Reserve promp...Read More
AMSTERDAM, Feb 23 (Reuters) - B&S Holding BV, a Dutch wholesale and logistics company, will announce as early as next week that it is preparing for an initial public offering of shares in Amsterdam, two sources told Reuters.The company has several business lines, including supplying perishable goods to cruise ships and military bases, as well as purchasing overstock for low-cost retailers.A sp...Read More
ACCRA, Feb 23 (Reuters) - The Bank of Ghana said the yield on its weekly 91-day bill was near unchanged at 13.3476 percent at an auction on Friday, from 13.3412 percent at the last sale on Feb. 16.The bank said it had accepted all 473.06 million cedis ($106 million) worth of bids tendered for the paper, which will be issued on Monday.Ghana's treasury bill yields have stayed around 13 percent since...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy. (Kitc...Read More