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3 Stocks Rewarding Short Sellers

November 02, 2018 / www.schaeffersresearch.com

All three names are on the short-sale restricted list today, thoughThe Dow has explored a 500-point trading range on both sides of breakeven, as Wall Street digests the latest trade developments and a negative earnings reaction for Apple (AAPL). Among other stocks making notable moves are gene therapy specialist Adverum Biotechnologies Inc (NASDAQ:ADVM), Apple supplier Universal Display Corporatio...Read More

Tesla Stock Buzzing After Latest SEC Subpoena

November 02, 2018 / www.schaeffersresearch.com

The electric car name remains heavily shortedTesla Inc (NASDAQ:TSLA) confirmed today that the Securities and Exchange Commission (SEC) has issued subpoenas investigating production projections for its Model 3 vehicle. Should government enforcement occur, Tesla has said it could have "material adverse impact on our business."This isn't the first time the Feds and Tesla have battled it out. Elon Mus...Read More

Stocks Bounce Back on Trade Hope, Facebook Earnings

November 02, 2018 / www.schaeffersresearch.com

Apple's earnings reaction stifled the stock market's momentumStocks came back with a bang this week, though it wasn't enough to save the Dow from its worst monthly loss since January 2016. While news the U.S. was considering more tariffs on Chinese goods spooked traders early on, an upbeat tweet on U.S.-China trade talks from President Donald Trump sparked a broad-market surge, with the Dow and Na...Read More

Etsy Could Be a Steal Before Earnings

November 02, 2018 / www.schaeffersresearch.com

The stock's pullback from record highs could be a buying opportunityHandmade marketplace Etsy Inc (NASDAQ:ETSY) is slated to report third-quarter earnings after the close on Tuesday, Nov. 6. While the shares have pulled back recently with the broader equities market, a historically bullish technical signal is now flashing -- suggesting ETSY stock could be on sale at current levels.Etsy shares touc...Read More

Analyst Sees This Retail Stock's Price Tag As "Undervalued"

November 02, 2018 / www.schaeffersresearch.com

UBS' price target represents a 40% premium to yesterday's closeThe shares of Michael Kors Holdings Ltd (NYSE:KORS) are up 3.5%, at last check, to trade at $58.51. This upside comes after UBS upgraded the retailer to "buy" from "neutral," and boosted its price target to $80 from $76, a nearly 40% premium yesterday's close. In addition, Piper Jaffray also raised its rating on KORS -- to "overweight...Read More

Stocks Pare Weekly Gains After Apple Earnings

November 02, 2018 / www.schaeffersresearch.com

All three indexes started the session in positive territoryThe Dow Jones Industrial Average (DJI) jumped nearly 200 points at the open on trade optimism and a strong October jobs report. However, the White House's denial that a U.S.-China trade deal is in the works and a sharp post-earnings sell-off for Apple (AAPL) stock has pulled the Dow into negative territory, with the S&P 500 Index (SPX) an...Read More

Gold Seeker Weekly Wrap-Up: Gold and Silver Hold Near Unchanged on the Week

November 02, 2018 / news.goldseek.com

 CloseGain/LossOn WeekGold $1233.10-$0.10-0.07%Silver$14.75+$0.01+0.34%XAU67.19UNCH+3.10%HUI149.44-0.20%+3.31%GDM546.24+0.37%+2.92%JSE Gold1133.17-6.35-6.63%USD96.45+0.18+0.10%Euro113.95-0.16-0.22%Yen88.41-0.46-1.13%Oil$63.14-$0.55-4.03%10-Year3.215%+0.076+4.42%Bond137.15625-1.28125-1.59%Dow25270.83-0.43%+2.36%Nasdaq7356.99-1.04%+2.65%S&P2723.06-0.63%+2.42%  The Metals: Gol...Read More

COT Gold, Silver and US Dollar Index Report - November 2, 2018

November 02, 2018 / news.goldseek.com

Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort168,754155,56091,460165,857197,062426,071444,082Change from Prior Reporting Period -23,824-7,63017,5102,443-12,872-3,871-2,992Traders17593885651274194 Small Speculators (C) GoldSeek.com LongShortOpen Interest 48,87030,859474,941 980101-2,891 non reportable positionsChange fr...Read More

"Red October" Highlights Importance of Rebalancing Portfolios and Gold's "Very Positive" Outlook

November 02, 2018 / news.goldseek.com

After a volatile month, which is being called "Red October," our latest video update was released and we considered the sharp fall in stock markets globally, falling property markets in the UK and Australia and gold's safe haven gains in all currencies.Gold acted as a hedge in all currencies in October, rising 1.7% in dollars, 4.4% in euro terms and 4.2% in sterling terms. Bitcoin and other c...Read More

Become a Master of Moving Averages

November 01, 2018 / www.schaeffersresearch.com

How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More

2 Defense Stocks That Could Outperform In November

November 02, 2018 / www.schaeffersresearch.com

Both stocks are pacing for a fourth straight winWe're regularly checking in on historical seasonality trends, offering insights on the best stocks to target in each month. For November, bullish traders may want to consider defense stocks Raytheon Company (NYSE:RTN) and TransDigm Group Incorporated (NYSE:TDG), since data shows that shares of RTN and TDG both tend to succeed during the month. For ex...Read More

Trump Is Not Thrilled. But What about Gold? / Commodities / Gold and Silver 2018

November 02, 2018 / www.marketoracle.co.uk

Trump is going to influence the US monetary policy or even to destroy the Fed’s independence. This is what many analysts say after the recent President’s comments. But are they right? We invite you to read our careful examination of Trump’s remarks about the Fed’s policy and find out what does it imply for the independence of the US central bank and the gold market. Trump...Read More

Apple tumbles after delivering disappointing revenue outlook

November 01, 2018 / marketsanity.com

"When you look at our financial performance in recent years, take the last three years for example, the number of units sold during any quarter has not been necessarily Continue...Read More

Iron Lady of Europe Quits. Will Gold Replace Her? / Commodities / Gold and Silver 2018

November 02, 2018 / www.marketoracle.co.uk

On Thursday, Mr. Draghi held a press conference. But the real thunderbolt hit on Monday, when Ms. Merkel announced that she would step down this year as a leader of her conservative party. Will that lighting make gold shine?Draghi Says That We Shouldn’t WorryLet’s start with the latest ECB’s monetary policy statement and the following Draghi’s press conference. In short, th...Read More

Biotech Stock Down 50% Today

November 02, 2018 / www.schaeffersresearch.com

Analysts are taking a hatchet to their price targetsWhile Apple (AAPL)earnings are dominating headlines today, a handful of biotech stocks are also swimming in red ink. In fact, Puma Biotechnology Inc (NASDAQ:PBYI) has surrenderedhalf its value today, and PBYI is so far the worst stock on the Nasdaq by a landslide.PBYI is down 50% to trade at $19.30, set for its worst day ever by far. The shares e...Read More

Win Big in Gold and Silver without "Buying the Bottom" / Commodities / Gold and Silver Stocks 2018

November 02, 2018 / www.marketoracle.co.uk

Last month in this space, I penned an essay titled "Are Silver and Gold 'at the Flood'"?. A few weeks later, two other essays on another widely-read site discussed this topic from the same perspective and sourcing – a case of "great minds thinking along similar lines"?Please take time to read or review that Money Metals Exchange Post of August 28.I made the case of a misalignment in the prec...Read More

The Latest Investor's Guide to Precious Metals

November 02, 2018 / www.schaeffersresearch.com

Learn how to protect savings and maximize returns by investing in precious metals.The U.S. Gold Bureau would like to announce the newest edition of its guide to precious metals, perfect for anyone hoping to safeguard their investments and retirement!And today, they are giving away a free copy of their Investor's Guide to Precious Metals!Their goal is to help regular investors learn the "pro" secr...Read More

NORTH AMERICAN MORNING BRIEF 02/11: LME copper inventories climb 32%; Steel billet import prices unmoved; Asia ferrous scrap prices continue downtrend

November 03, 2018 / www.metalbulletin.com

The latest metal markets news and price moves to start the North American day on Friday November 2. Base metals prices on the London Metal Exchange were all higher during morning trading on Friday November 2, after the largest single-day inflow in LME copper stocks since February 2004.The three-month copper price climbed more than 1.5% to more than $6,200 per tonne after around 47,700 to...Read More

General Motors Stock Higher Again on Cost-Cutting Efforts

November 02, 2018 / www.schaeffersresearch.com

GM has broken past a key trendlineFresh off an earnings victory earlier this week, the shares of General Motors Company (NYSE:GM) are up 1.1% to trade at $36.87 this morning, despite reports of the auto giant halting two renovation projects in Detroit, citing "structural costs are not aligned with the market realities." General Motors stock gapped higher on Wednesday in the wake of its blowout...Read More

Citi: This Big-Cap Bank Stock is a "Buy"

November 02, 2018 / www.schaeffersresearch.com

The shares have been bouncing from a key technical level in recent weeksCiti Research upgraded Wells Fargo & Co (NYSE:WFC) to "buy" from "neutral," saying the bank's potential to return to revenue growth next year could prove "issues are moving to [the] rear view mirror." The brokerage firm maintained its $60 price target on WFC, a 12% premium to last night's close at $53.56.In reaction, WFC is up...Read More

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