Trump may be facing an uphill battle he can't win in 2020.He's a successful businessman who never held public office before winning the Presidency...He's coming into power after an electoral college landslide...And he did it by beating an out-of-touch New Yorker opponent.Once in office, he launches a vast trade war, promising to stand up for America's heartland, with 890 increased tariffs in total...Read More
Traders have typically preferred MAT put optionsMattel, Inc. (NASDAQ:MAT) fell out of the gate this morning due to disappointing quarterly results from toymaking peer Hasbro (HAS). However, the stock has since bounced back, adding 0.6% to trade at $14.30, as the company prepares for its own earnings release scheduled for after the close on Thursday, Oct. 25. But even though MAT shares have a rocky...Read More
CLVS is on pace for its worst month since January 2016Several biotech stocks are getting demolished today, including Clovis Oncology Inc (NASDAQ:CLVS). It appears CLVS stock is down on encouraging data from rival AstraZeneca (AZN), after the latter's Lynparza was shown to halt or reverse tumor growth in ovarian cancer patients. Against this backdrop, Clovis stock was last seen down 19.72% at $21.1...Read More
The retail stock is fresh off its best week in over a yearSneaker name Skechers USA Inc (NYSE:SKX) has seenheavy options trading in recent weeks, landing on Schaeffer's Senior Quantitative Analyst Rocky White's list of 20 S&P MidCap 400 Index (MID) stocks that saw the most options activity in the past 10 days. Names highlighted yellow are new to the list. SKX is fresh off its best week in over a...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
The shares have pulled back to historically significant supportGlass concern Corning Incorporated (NYSE:GLW) will report earnings before the open tomorrow, Oct. 23. The shares have pulled back with the broader stock market of late, but if recent history is any indicator, it could be time to bet bullishly on GLW.Corning stock notched a 17-year high of $36.56 on Sept. 21, but since then has surrende...Read More
These stocks are up big despite broad-market volatility The Dow is trading sharply lower at midday, giving up its early morning gains. However, three names still making big moves higher are mobile payments expert Net ElementInc (NASDAQ:NETE), bulk shipping concern DryShips Inc. (NASDAQ:DRYS), and regenerative tissue specialist CollPlant Holdings (NASDAQ:CLGN). Below we'll take a look at what's mov...Read More
Doina Chiacu, David DolanWASHINGTON/ISTANBUL (Reuters) - White House adviser Jared Kushner said on Monday he had urged Saudi Arabia’s crown prince to be transparent about the killing of Jamal Khashoggi, and told him “the world is watching” Riyadh’s account of the journalist’s disappearance.Khashoggi, a Washington Post columnist and critic of Crown Prince Mohammed bin...Read More
Mr. Paul Kuhn reportsAVRUPA ANNOUNCES $1.5 MILLION FINANCING Avrupa Minerals Ltd. has arranged a financing of $1.5-million to finance the drilling program at the Alvalade copper-zinc-lead volcanogenic massive sulphide project in Portugal and for general working capital. Drill program at AlvaladeAvrupa Minerals recently announced a 2,500-to-3,000-metre drill program to expand currently known miner...Read More
(Kitco News) - Gold prices are moderately lower in early-afternoon U.S. trading Monday, pressured by a return of trader and investor risk appetite to the world marketplace to start the trading week—despite some potentially disruptive elements that still loom over the stock and financial markets. A stronger U.S. dollar index on this day also worked against the precious metals markets. Decembe...Read More
The bull market could be nearing its end, and a new panic is approaching.The U.S. Mint just issued a troubling report.It appears that sales of physical gold and silver are in full collapse.At the Mint, U.S. Gold Eagle coins sold through August have dropped 18% compared to last year.And sales of U.S. Silver Eagle coins fell a whopping 32.6% in August 2018 compared to August 2017.What exactly is go...Read More
Image: freemind-production/Shutterstock.com(Kitco News) - Sotheby’s gold auction that featured a gold Ferrari and a gold Kate Moss sculpture among other items collected a total of $3.9 million in sales.The first ever gold auction, titled ‘The Midas Touch,’ was organized due to rising demand for the precious metal, according to Sotheby’s. The exclusive event was held Oct. 17...Read More
The burgeoning interest in gold has reached Wall Street, with Bank of America Merrill Lynch strategists backing bullish options linked to the precious metal.A negative view on the dollar, large short positions in gold futures and investor demand for portfolio protection are some of the reasons behind the call, investment strategists including James Barty wrote in a note on Friday."The current envi...Read More
The Dow has traded in a 280-point range todayThe Dow Jones Industrial Average (DJI) is down at midday, pivoting lower to surrender modest early gains. Despite optimism stemming from a rally in Chinese markets, the volatility that has come to define this month has flared up once again, with the blue-chip index exploring a280-point trading range on both sides of breakeven today. The S&P 500 Index (...Read More
BIIB is currently trading near its year-to-date breakeven levelShares of Biogen Inc (NASDAQ:BIIB) are hovering around breakeven today at $318.97, as traders gear up for the company's third-quarter earnings report. The pharma name is scheduled to report before the market opens this Tuesday, Oct. 23, and speculative traders are banking on a much bigger-than-usual post-event price swing for BIIB sto...Read More
(Kitco News)- Gold prices are holding moderate losses and have slightlyextended overnight declines, as midday approaches. The U.S. dollar index hasmoved to its daily high, which has added some downside pressure on the gold andsilver markets.However, losses in gold are being somewhat limited byongoing concerns about the health of the U.S. stock market following recentselling pressure that did produ...Read More
LONDON (Reuters) - Oil slipped below $80 a barrel on Monday as Saudi Arabia pledged to raise its crude production to a record, two weeks before U.S. sanctions potentially choke off Iranian crude supplies.Saudi Energy Minister Khalid al-Falih told Russia's TASS news agency that his country had no intention of unleashing a 1973-style oil embargo on Western consumers, but rather was focused on raisin...Read More
LONDON (Reuters) - Sterling suffered its worst day in a month on Monday as fears grew that the prickly Irish border issue and disagreements within the UK ruling party over Brexit would see Prime Minister Theresa May face a serious challenge to her leadership.The Telegraph newspaper's deputy political editor said the DUP, the Northern Irish party which props up May's government, will back an amendm...Read More
(Kitco News) - Large speculators cut their net-bearish positioning by more than half during the most recent reporting week for data compiled by the Commodity Futures Trading Commission.During the week-long period to Oct. 16 covered by the data, Comex December gold rose by $39.50 to $1,231 an ounce, while December silver climbed 30.1 cents to $14.701.BMO Capital Markets said gold prices rallied on...Read More
ROME (Reuters) - Italy told the European Commission on Monday it would stick to its contested 2019 budget plans in defiance of EU fiscal rules, but promised not to inflate its deficit any further in the years ahead.In a letter to the Commission, Economy Minister Giovanni Tria said he recognized that the budget, which is set to hike next year's deficit to 2.4 percent of gross domestic product (GDP)...Read More