The major indexes are heading toward February gains, thoughThe Dow Jones Industrial Average (DJI) is marginally lower at midday, heading toward its third straight loss. The downside is being held in check by a better-than-expected fourth-quarter gross domestic product (GDP) reading, though. The S&P 500 Index (SPX) is also on track for a third straight loss, as weak earnings from Booking Holdings...Read More
A few simple tools can help anyone make smarter trades.It used to take years of practice and hours of research to consistently make winning trades in the stock market, but nowadaysfinding profitable trades shouldn't have to be a full-time job. In fact, trading like a pro can really be as easy as 1-2-3, with the right tools and technology!According to one company, there's a simple recipe that can...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday February 28 that are worth another look.Hong Kong Exchanges and Clearing, owner of the London Metal Exchange, filed its 2018 earnings this week, reporting record LME volumes amid a 26% climb in profit after tax, while its forward-looking strategy earmarks asset diversification in its aim to become a global market leader.Th...Read More
A short squeeze could propel the shares even higherShares of T2 Biosystems Inc (NASDAQ:TTOO) are surging this morning, after the Food & Drug Administration (FDA) granted a "Breakthrough Device" designation for the company's gene diagnostic panel. At last check, TTOO is 29% higher at $4.86, pacing for its best session ever.Analysts have been swift to voice their opinions on the FDA decision, with...Read More
The brokerage firm thinks skepticism toward Tesla is overblownIt's been a busy news cycle for Tesla Inc (NASDAQ:TSLA). Following Tuesday's headline the Securities and Exchange Commission (SEC) asked CEO Elon Musk be held in contempt for his tweets, the head of the electric car concern tweeted yesterday about "Some Tesla news" that will be unveiled at 5 p.m. EST today. And earlier, TSLA stock recei...Read More
The shares gapped lower after Morgan Stanley cut to "underweight"Electronic medical records provider Cerner Corporation (NASDAQ:CERN) was slapped with a downgrade to "underweight" from "equal weight" at Morgan Stanley, which cited challenging long-term growth prospects. The brokerage firm also sliced its price target on CERN shares to $47 from $68 -- representing expected downside of 17.5% from We...Read More
L Brands reported a fourth-quarter earnings beat on in-line revenueThe shares of L Brands Inc (NYSE:LB) are down 6.4% at $25.64 in early trading, after the retailer reported weak fourth-quarter Victoria's Secret sales and a 2019 profit forecast that fell short of analysts' expectations -- offsetting a quarterly earnings beat and in-line revenue. The equity is now headed for its third straight loss...Read More
RKDA has doubled in the last two monthsThe cannabis industry continues to infiltrate other sectors, and next up appears to be biotechs. The shares of Arcadia Biosciences Inc (NASDAQ:RKDA) are up a whopping 52.8% in electronic trading, after the company announced a new cannabis-focused business unit. Arcadia Specialty Genomics (ASG) will focus on the hemp market, with an eye toward "improved plant...Read More
By: Daniel R. Amerman, CFA If there is a new recession in the next few years, then it is highly likely that the Federal Reserve will take extreme measures in response, with the primary response being to swiftly knock short term interest rates back down to zero percent.For many investors - the combination of recession, heavy-handed Fed interventions, and the return of zero percent interest rate...Read More
Chris Waltzek talks to Dr. Burton Malkiel, author of the investing classic, A Random Walk Down Wall Street Read More
By Avi GilburtThis is probably one of the biggest conundrums investors face in financial markets today. A major report may come out with a very positive bias, yet the market will move in the opposite direction. How many times have you seen this happen?Well, if you have any experience in the financial markets, then it has likely happened to you many times. But, most people simply shrug it off...Read More
By: IRA EPSTEINStock market having trouble. Gold starting to breakout to the downside. Gold = negative and in a downtrend, to negate this gold would need $1335.60:Read More
The live feed from Hanoi has been riveting. Trump and Kim appear to be getting along well. The President pats his counterpart on the back, the dictator smiles. They share a laugh as they walk through a garden. Kim's haircut looks oddly flattering. Everything seems to be going so nicely that one could almost forget that he has at times acted like a madman. As for Trump, he is his usual self, bu...Read More
The summit in Vietnam ended without an agreement Dow Jones Industrial Average (DJI) futures are marginally lower again today, after a summit betweenU.S. and North Korea leaders prematurely ended without an agreement -- or plans for a third summit -- in sight. Traders are also digesting better-than-expected fourth-quarter gross domestic product (GDP) data, with GDP rising 2.6%, compared to the 2.2%...Read More
Full Article: The Trade Deal: Great News For GoldBy: Stewart ThomsonThe biggest driver of major markets right now is the possibility of a US-China trade deal.On that note, please click here now . The US government's wild launch of tariff taxes caused global markets to swoon in the first half of 2018. Gold and the Chinese stock market were hurt more than a lot of other markets.Full Article: The...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
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
GATA suggests that gold is not keeping up with clear inflation indications.Presenting a review of what inflation really is.Understanding that sentiment drives the price of gold.So, as I am known to do, I will peruse various postings for something interesting and then write about it. And, while I cannot say what GATA writes is "interesting," I can say it always provides fodder for presenting why so...Read More
Base metals prices on the London Metal Exchange were mixed at the close of trading on Thursday February 28, with low volumes and narrow trading ranges coming amid a slight uptick in the US dollar index, while continued US-China trade optimism came up against slower than expected US economic growth. Climbing furthest over the afternoon, zinc's three-month price climbed more than 1% during afternoon...Read More
The Comex copper price was lower in the US morning on Thursday February 28 after soft Chinese manufacturing data dampened sentiment for the metal. The copper price for March settlement on the Comex division of the New York Mercantile Exchange inched down 0.45 cents to $2.9580 per lb. Overnight, China's manufacturing and non-manufacturing PMIs for February both disappointed at 49.2 and 54.3 respect...Read More