SQ has still more than doubled in 2018, thoughThe shares of Square Inc (NYSE:SQ) are down 8.1% to trade at $75.94 this morning, after the payments company's third-quarter earnings report yielded mixed results. While earnings and revenue exceeded expectations, Square's fourth-quarter profit estimates came in well below Wall Street estimates, prompting concerns about the stock's valuation.A host o...Read More

The chip stock recently suffered a steep selloffShares of Nvidia Corporation (NASDAQ:NVDA) are notably lower in early trading, after early this morning Morgan Stanley slashed its price target to $260 from $273. This bear note comes just ahead of the chip stock's third-quarter earnings report, which is scheduled for after the market closes, next Thursday, Nov. 15. In response, NVDA is down 2.7% at...Read More

(Reuters) - Coca-Cola Co (KO.N) said on Thursday it plans to launch two energy drinks under its namesake brand, its latest move to diversify away from sugary sodas.Coca-Cola, in an emailed statement, declined to provide a timeline for the launch of the drinks, to be named “Coca-Cola Energy” and “Coca-Cola Energy No Sugar.”The beverages would likely have caffeine from natur...Read More

(Reuters) - Tesla Inc (TSLA.O) has ended weeks of speculation by promoting one of the electric carmaker’s independent directors, Australian accountant Robyn Denholm, to replace Elon Musk as chairman.The change in structure at the Silicon Valley firm, agreed to by Musk in a September court settlement with regulators, is supported by many on Wall Street who worry that his erratic behavior is u...Read More

No fewer than 10 brokerages have doled out bull notes on CYBR overnightThe shares of CyberArk Software Ltd (NASDAQ:CYBR) are up 10.2% this morning to trade at $78.31 -- fresh off a new record high of $84.21 -- after the cybersecurity firm reported adjusted third-quarter earnings of 48 cents per share on $84.7 million in revenue, more than analysts were expecting. CyberArk Software also raised its...Read More

 CloseGain/LossGold $1223.90-$2.40Silver$14.43-$0.13XAU65.39-0.30%HUI145.76-0.07%GDM536.92-0.35%JSE Gold1121.61+7.77USD96.68+0.56Euro113.61-0.81Yen87.97+0.70Oil$60.67-$1.0010-Year3.240%+0.018T-Bond137.25-0.125Dow26191.22+0.04%Nasdaq7530.88-0.53%S&P2806.83-0.25%  The Metals: Gold dropped $6.10 to $1220.20 at about 8:45AM EST before it popped up to $1226.90 shortly after the...Read More

Business partner Coca-Cola is actually putting pressure on MNST stockMonster Beverage Corp (NASDAQ:MNST) is trading down 10.4% in pre-market activity, even though the company reported better-than-expected earnings for the third quarter. Traders could be reacting to weak margins for the period, on top of surprising news about business partner Coca-Cola (KO), which sparked a downgrade from Morgan St...Read More

The Dow and S&P 500 are set to snap a three-day winning streakFutures on the Dow Jones Industrial Average (DJI) are signaling a lower open, with the index on track to snap a three-day winning streak. Investor attention now shifts away from the midterm elections and toward the Fed meeting, set to conclude at 2 p.m. ET today. While no monetary policy changes are expected, traders are likely to read...Read More

 CloseGain/LossGold $1223.90-$2.40Silver$14.43-$0.13XAU65.39-0.30%HUI145.76-0.07%GDM536.92-0.35%JSE Gold1121.61+7.77USD96.68+0.56Euro113.61-0.81Yen87.97+0.70Oil$60.67-$1.0010-Year3.240%+0.018T-Bond137.25-0.125Dow26191.22+0.04%Nasdaq7530.88-0.53%S&P2806.83-0.25%  The Metals: Gold dropped $6.10 to $1220.20 at about 8:45AM EST before it popped up to $1226.90 shortly after the...Read More

By RambusTonight I would like to update some of the charts we've been following for some of the SPX that had a wild October to say the least. For whatever reasons October has a lot of volatility which can lead to some important lows and in a few cases a crash which is rare. This past October shaped up similar to many of the previous Octobers we've seen since the bull market began in 2009.This we...Read More

As part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value to your own...Read More

US mid-term elections are behind us. Surprisingly, both parties won! How is it possible? Let's read our article and find out! We will also explain what the election results imply for the world and the gold market. Democrats Win The elections were very interesting. We provide you with the key takeaways, focusing on the possible implications for the precious metals. First, Democrats took control...Read More

In today's update we look at yet another 'Punch and Judy' American election farce which once again ignored the 'Elephant in the room' - the inevitable U.S. $121.7 trillion debt crisis and the coming global $250 trillion debt crisis.We briefly look at the outcome of the elections, how markets have reacted in the short term and more importantly the long term outlook for markets and the dollarWe ex...Read More

ROME (Reuters) - Italian Economy Minister Giovanni Tria on Thursday condemned latest European Commission economic forecasts for Italy, which were worse than Rome’s own data, saying the EU analysis was wrong and limited.“The European Commission’s forecasts for the Italian deficit are in sharp contrast to those of the Italian government and derive from an inaccurate and incomplete...Read More

TECUN UMAN, Guatemala (Reuters) - Cradling a baby in his arms, the Central American man looks up fearfully as he scrambles away from a wall of Mexican police in riot gear.Thousands of migrants, mostly Hondurans fleeing poverty and violence, have been traveling in a caravan towards the United States in recent weeks. On Oct. 19, some of them rushed through Guatemalan border gates onto a long bridge...Read More

HELSINKI (Reuters) - Manfred Weber, a reserved Bavarian who has modeled himself on Germany’s pragmatic chancellor, won the backing of Europe’s center-right parties on Thursday to stand in the race to become European Commission president.Weber, a German EU lawmaker, beat former Finnish prime minister Alexander Stubb to become the European People’s Party’s (EPP) top candidate...Read More

Base metals on the London Metal Exchange were mostly higher at the close of trading on Thursday November 8, with both zinc and lead futures pushing higher on low LME inventories, while nickel failed to follow the uptrend.Climbing 3.9% over the afternoon, the three-month lead price reached an intraday high of $2,008.50 per tonne, which is 5% higher than its weekly low of $1,905 per tonne on Novembe...Read More

BEIJING/SYDNEY (Reuters) - Beijing and Canberra should be cooperating in the South Pacific and not be cast as strategic rivals, China’s top diplomat said on Thursday, after Australia launched a multi-billion dollar fund to counter China’s rising influence in the region.Standing alongside Australian Foreign Minister Marise Payne, Chinese State Councillor Wang Yi made the conciliatory re...Read More

Hydro's Alunorte alumina refinery will continue to run at 50% capacity following a federal court ruling, Fastmarkets understands. The federal court has decided to uphold the decision, previously made by the Para state court, to halt operations of the refinery's DRS2 bauxite residue disposal for environmental reasons. Alunorte has been running at 50% capacity since March following the original deci...Read More

BRUSSELS (Reuters) - Euro zone growth is expected to slow in the coming years as the bloc faces risks from U.S. economic policies, Britain’s unclear divorce terms from the EU and free-spending plans in high-debt members, like Italy, the EU Commission said.In its quarterly economic forecasts released on Thursday, the EU executive revised down its growth estimates for the euro zone next year a...Read More