There's a few "sneaky" tricks Wall Street doesn't want made public.While pretending to be pillars of investing intelligence and integrity...The richest, most influential billionaires on Wall Street are secretly manipulating the market - and they don't care who gets hurt in the process.It's nothing personal...They have multi-million dollar bonuses to collect and high-rise condos to buy their mistre...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
China's latest stock market rally underscores a key factor for gold.Specifically, gold needs safety demand from global market weakness.Watch for gold's immediate-term trading range to continue for now. After a stellar performance two weeks ago, the gold price has stalled out after hitting a widely-watched technical benchmark. The reasons for gold's recent lack of forward movement can be tr...Read More
Yellow metal losses momentum during American session as US yields rebound and Wall Street trims losses. The rally found resistance below $1,240 and pulled back to $1,230. Gold jumped to $1,239/oz earlier today hitting the highest level since July 17 and the pulled back trimming gains. The move higher was boosted by demand for safe-haven assets and also technical factors. The re...Read More
A hidden gem trading under a secret name could be the key to retirement riches.Picture the perfect stock for a moment.What would it look like?No doubt it would have hundreds of billions in revenue - more than tech giants like IBM, Facebook and Google.It would probably be a leader in cutting-edge technology like smartphones, robotics, e-commerce and medical equipment.It would have tens of thousands...Read More
A free tool can help traders bank big this earnings season.Financial stocks (JPM, C, and WFC) kicked off earnings season on Friday, and traders need to position themselves now in order to ensure maximum profit from it.One company can help any investor do just that.They've developed a tool that predicts volatility based on earnings announcements.The tool works on select stocks with a 77.6% accuracy...Read More
The Dow fell over 500 points at its lows, but pared its losses into the closeThe Dow plunged out of the gate this morning, and was down 548 points at its session low, as industrial heavyweights 3M (MMM) and Caterpillar (CAT) sold off after their latest earnings reports. The early downside bias echoed a bearish mood overseas, where stocks in Asia and Europe succumbed to heavy selling. While stocks...Read More
NEW YORK (Reuters) - The easy money may be over.U.S. company earnings growth is slowing after a bumper start to the year, and the reality of an escalating trade war between two of the world’s largest economies is starting to weigh on companies ranging from Caterpillar Inc (CAT.N) to Ford Motor Co (F.N).While earnings growth is still high at 22 percent so far this quarter, the amount by which...Read More
NEW YORK (Reuters) - Wall Street indexes were down on Tuesday though they pulled back from the day’s lows after investors fled to safety on worries about a global slowdown in growth while oil tumbled and pressure mounted on Saudi Arabia over the death of journalist Jamal Khashoggi.Benchmark U.S. Treasury prices rose, sending yields to their lowest levels in almost three weeks as tumbling equ...Read More
TOKYO (Reuters) - U.S. healthcare conglomerate Johnson & Johnson (JNJ.N) said on Tuesday it will buy all outstanding shares of Japanese skincare firm Ci:z Holdings Co Ltd (4924.T) that it does not already own for 230 billion yen ($2.05 billion) in cash.J&J is betting the deal - which will give it ownership of popular brands such as Dr.Ci:Labo, Labo Labo and Genomer - will help it strengthe...Read More
(Adds two-year auction results, quotes, updates prices)* Benchmark yields lowest since Oct. 3* Treasury sells $38 bln two-year notesBy Karen BrettellNEW YORK, Oct 23 (Reuters) - Benchmark U.S. Treasury yields fell to their lowest in almost three weeks on Tuesday as tumbling equity markets worldwide fed investor demand for low-risk debt.China’s main stock indexes resumed a downward spiral as...Read More
(Reuters) - Cloudflare Inc, a U.S. startup whose software makes websites load faster and with greater security, is preparing for an initial public offering (IPO) that could value it at more than $3.5 billion, people familiar with the matter said.The San Francisco, California-based company is looking to go public in the first half of next year, the sources said this week, joining a string of softwa...Read More
Caterpillar and 3M earnings are the big story todayThe Dow is trading lower today following a disappointing round of corporate earnings. Most notably, blue chips Caterpillar Inc. (NYSE:CAT) and 3M Co (NYSE:MMM) are leading the sell-off, overshadowing upbeat results from McDonald's Corporation (NYSE:MCD). Below, we'll look at how shares of CAT, MMM, and MCD are trading today, and how the options ma...Read More
BATON ROUGE, La (Reuters) - It is difficult to say what is behind a recent stock market selloff, said Atlanta Federal Reserve president Raphael Bostic, though he cited geopolitical risk and a rise in long-term bond yields as recent developments that may play a role.The Fed’s own rate increases have been underway “for the better part of two years, the uncertainty around trade has been g...Read More
MOSCOW (Reuters) - Russia’s Vladimir Putin met U.S. President Donald Trump’s national security advisor on Tuesday after the Kremlin said that Trump’s talk of quitting a landmark arms treaty that scrapped nuclear missiles in Europe was dangerous.In opening remarks, Putin told John Bolton that Russia was sometimes surprised by what he said were unprovoked steps that Washington took...Read More
The short seller set a year-end $100 price target on Tesla back in MarchThe shares of Tesla Inc (NASDAQ:TSLA) have been volatile in recent months, per their 120-day historical volatility of 63.4% -- in the 99th annual percentile. Things are no different today, with the security up 10.2% to trade at $290.69, after Citron Research said it was long on TSLA stock.The noted short seller set a $100 pric...Read More
WASHINGTON (Reuters) - Two regional Federal Reserve banks were pushing for holding steady the rate commercial banks are charged for emergency loans until shortly before the U.S. central bank's last policy meeting, minutes from discussions about the discount rate showed on Tuesday.The Fed raised its benchmark federal funds rate at its Sept. 26 policy meeting as it forecast that the U.S. economy wou...Read More
MOSCOW (Reuters) - U.S. national security advisor John Bolton said Russian meddling in U.S. elections had backfired on Moscow, providing a lesson to the Kremlin: “Don’t mess with American elections.”Speaking on a visit to Moscow, Bolton said there was no evidence the meddling - which Russia has denied - materially affected the outcome of the 2016 presidential election, but that i...Read More
Nvidia's recent pullback could have bullish implicationsThe shares of Nvidia Corporation (NASDAQ:NVDA) are taking part in the broad market and semiconductor sell-off today, down 4.2% at last check to trade at $221.41. Also pressuring NVDA lower is a price-target cut from UBS to $260 from $285. However, there is silver lining for the chip stock in the form of two bullish signals that just flashed....Read More
Palladium futures settled at a record on Tuesday, as concerns surrounding supplies from Russia, following U.S. President Donald Trump's plan to pull out of a nuclear treaty with Moscow, lifted prices for a third straight session. Palladium for December delivery PAZ8, -0.29% climbed by $15.10, or 1.4%, to settle at $1,122.80 an ounce on Comex after tapping an intraday high of $1,137.70. The settle...Read More