The equity is down today on competition concernsE-commerce name Shopify Inc (NYSE:SHOP) is trading down 1.9% at $202.32 this afternoon, lower on reports that Microsoft (MSFT) is considering creating a competitor. However, SHOP stock may be worth betting on, if history is any indicator.On the charts, SHOP hasadded 65% since this time last year, and just yesterday touched a fresh record high of $210...Read More

Seasonality is on the stock's sideApple supplier Broadcom Inc (NASDAQ:AVGO) touched an all-time high of $307.35 earlier today before turning lower. However, the semiconductor concern could have more gas in the tank, if history is any indicator, and speculators may want to consider buying short-term AVGO calls.Broadcom shares gapped higher on March 15 after the company's strong earnings showing. Si...Read More

SGMO stock is headed toward its best day since May 2017The shares of Sangamo Therapeutics Inc (NASDAQ:SGMO) are on fire, after the California-based biotech reported positive data in a phase 1/2 study for its gene therapy hemophilia treatment that's being developed with Pfizer (PFE). The company also unveiled upbeat data for an early stage study for a gene therapy being developed with Sanofi (SNY)....Read More

Jordan Roy-Byrne CMT, MFTAStop me if you've heard this before. Precious Metals disappointed again.The miners were leading the metals but the metals broke down from bear flag patterns and that took the miners lower, suggesting an interim top is in place.The technicals suggest weakness could be ahead for the sector but the fundamentals are finally turning bullish.Before we get to fundamentals, let...Read More

By: Ira EpsteinGold bias is down, bouncing around here:Read More

The timing of Lyft's IPO last week could not have been better for Wall Street insiders, since they will have an opportunity to unload their shares into a veritable orgy of greed and ignorance. The stock market looks unstoppable at the moment, and it is making Lyft's $24 billion valuation seem somehow less absurd. Just four months ago, when shares were in the throes of what many of us mistook fo...Read More

US-China trade deal will only a temporary stop gap fix for global economy. Eurozone wants greater access to China. China will try to balance US and Eurozone as it will never want its large population to be used as a dumping ground. The trade between USA-China and Eurozone-China are not addressing long term key thorny trade issues. American politicians and Eurozone politicians want to use China f...Read More

The DJI is lower after three straight gainsBlue chip Walgreens Boots Alliance's (WBA) negative earnings reaction continues to drag down the Dow Jones Industrial Average (DJI), with the index down more than 100 points at midday. In addition, the latest durable goods data took some of the wind out of the bulls' sails. Elsewhere, the S&P 500 Index (SPX) is also lower due to an underperforming consu...Read More

Starbucks stock has only suffered two weekly losses in 2019Starbucks Corporation (NASDAQ:SBUX) stock has been red-hot in 2019, coming off a record high of $74.93 yesterday. Today, SBUX is up 0.4% to trade at $74.19, and options traders may want to set their sights on higher highs for the coffee stock, if history is any guide.Specifically, the stock's Schaeffer's Volatility Index (SVI) of 16% ranks...Read More

Union Pacific's buyback program could create tailwinds for the stockFreight giant Union Pacific Corporation (NYSE:UNP) has put together a strong 2019, adding over 20% year-to-date. Back in early February, the company announced a massive buyback plan that amounted to 20% of the outstanding shares, which should act as a tailwind going forward. Plus, UNP recently bounced from the $160 level, site of...Read More

LYFT's IPO was priced at $72 last weekThe run-up to the initial public offering (IPO) of Lyft Inc (NASDAQ:LYFT) was treated with much fanfare. The shares have gotten off to a rocky start, shedding 26% from their March 29 open at $87.24 to yesterday's close at $69.01. Today, LYFT stock hit a record low of $66.10 -- well below its $72 IPO price -- and was last seen down 1.3% to trade at $68.08.Anal...Read More

ISRG historically performs well in AprilRobotic surgery expert Intuitive Surgical, Inc. (NASDAQ:ISRG) has been a long-term gem on the charts, posting five straight yearly gains, including advances of31.2%, 72.6% and 16.1% over just the past three years. Already in 2019, ISRG shares have added more than 20%, trading near record highs at yesterday's close of $575.54, and seasonal data shows that bul...Read More

Mining companies have requested a judicial review of South Africa's 2018 mining charter to change clauses related to transactions made in the past to increase black ownership, an industry body said on Wednesday.In a bid to rectify the wealth disparities of apartheid more than two decades after the end of white minority rule, South Africa has demanded that a proportion of a mining company's shares...Read More

The company withdrew its Renuvion marketing applicationThe shares of Apyx Medical Corp (NASDAQ:APYX) are down 36.6% at $4.40, slicing through a long-term level of support. The medical supplies maker said it has withdrawn a marketing application for Renuvion, a device used for skin resurfacing. The move comes after the U.S. Food and Drug Administration (FDA) questioned data irregularities.After top...Read More

Achieve Life Sciences' ORCA-1 smoking cessation study just got a positive review from the DSMCMedical Research stock Achieve Life Sciences Inc (NASDAQ:ACHV) is seeing yet another bounce today, after the independent Data Safety Monitoring Committee (DSMC) gave the company's anti-smoking treatment, cytisinicline, a positive review in the phase 2B trial for the plant-based alkaloid. More specifically...Read More

Credit Suisse cut AA to "neutral" from "outperform"Aluminum concern Alcoa Corp (NYSE:AA) is starting its day in the red, last seen 1.9% lower at $28.91. This pullback for AA comes after Credit Suisse handed out a downgrade to "neutral" from "outperform," and a price-target cut to $31 from $40. Alcoa stock also saw an unimpressive price-target hike of $1 to $36 out of Jefferies.On the charts, AA h...Read More

Oil prices are poised for a third straight gainDow Jones Industrial Average (DJI) futures are struggling for direction today, after the big-cap index logged major gains in Monday's trading. There's plenty for traders to digest today, including March auto sales data and a slimmer-than-expected 1.6% drop in durable goods orders from February -- marking their first decline in four months. Additional...Read More

TNX just bottomed out near the site of two historically significant moving averagesStocks fell right alongside bond yields in the middle of last week, as fresh concerns over the global economy dominated headlines. The continued cascade in the 10-year Treasury note yield followed the previous week's drop in this metric below its 3-month counterpart, which many in the financial media seized upon as...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

Russian aluminium producer Rusal is again shipping fresh primary aluminium to the United States and Europe following the removal of sanctions against the company in January, according to chief executive Evgenii Nikitin, Rusal's press office told Fastmarkets on Tuesday April 2."The volume [of supplies to Europe and the US] has been fully restored on aluminium. It has not been resumed on alloys, tho...Read More