While tech stocks are leading the charge higher today, last week things went a bit topsy-turvy, as one of the best sectors of 2017 took a spill. Not only did it send up an alarm that sounded before the dot-com bubble burst, but Nasdaq-100 Index (NDX) buying climaxes spiked to the highest in nearly six months. Below, we'll take a look at tech-sector performance after these signals, and how stocks c...Read More
Shares of Overstock.com Inc (NASDAQ:OSTK) are soaring today, as bitcoin surges past the $16,000 level. This isn't the first time the retail stock has gotten a lift from the cryptocurrency, with OSTK gapping higher throughout September and October on news the company's subsidiary tZERO, would start a digital coin exchange. The retailer also accepts bitcoin payments. At last check, the equity was up...Read More
Bank stocks are poised for a December to remember, thanks to lawmakers' progress on a business-friendly Republican tax plan and an expected Fed rate hike next week. Within the sector, Citigroup Inc (NYSE:C) looks particularly compelling, as the shares embark on their latest rally from a historically significant moving average -- and test their footing at a major "round-number" level. Citigroup st...Read More
U.S. stocks are trading higher this afternoon, with the Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) erasing early losses, and the Nasdaq Composite (IXIC) outperforming, thanks to rising tech stocks. Along with bitcoin's surge to record highs, traders are keeping an eye on Washington, D.C., with President Trump expected to meet with congressional leaders from both parties to preve...Read More
Subscribers to Schaeffer's Weekend Trader Series service recently banked a quick 104% profit on our Kroger Co (NYSE:KR) April 20, 2018 21-strike call recommendation. Here's a closer look at why we became bullish on KR stock, and how the options trade we recommended on Sunday, Nov. 19, unfolded.There is no denying that Kroger has had a tough year on the charts, with a number of grocery stocks takin...Read More
There are only a few weeks left in the calendar year, and the United States Oil Fund (USO) is running out of opportunities to stake its claim in positive ground for 2017. The fund's 2016 closing price of $11.72 wasn't surmounted on a weekly closing basis until as recently as Friday, Nov. 24 -- and last Friday's afternoon sell-off in equities effectively dashed USO's valiant morning attempt to stri...Read More
All eyes next week will be on the Federal Open Market Commmittee's (FOMC) December meeting, which begins on Tuesday, and the central bank is widely expected to raise interest rates. Following the Fed's policy announcement on Wednesday, outgoing Fed Chair Janet Yellen will give a press conference. And while the earnings schedule is very thin, reports from software firm Oracle Corporation (NYSE:ORCL...Read More
Shares of SAGE Therapeutics Inc (NASDAQ:SAGE) shot to a record high of $169.58 out of the gate, and were last seen trading up 68.6% at $154.77. For the second time in a month, the biotech reported successful trial results for one of its depression drugs, this time announcing that 64% of patients using its major depressive disorder (MDD) treatment entered remission 15 days in. On Nov. 9, SAGE Thera...Read More
Analysts at MKM Partners, J.P. Morgan Securities, and Cowen weighed in a trio of online travel stocks this morning: Expedia Inc (NASDAQ:EXPE), Priceline Group Inc (NASDAQ:PLCN), and Ctrip.com International Ltd (NASDAQ:CTRP). Below, we'll take a look at EXPE, PCLN, and CTRP stocks, which have been struggling in recent months.MKM Sees New Lows for EXPE StockMKM Partners downgraded Expedia stock to...Read More
Shares of athletic apparel brand Lululemon Athletica Inc. (NASDAQ:LULU) are soaring today after the retailer reported a third-quarter earnings and revenue beat, andreceived one upgrade and no fewer than 15 price-target raises in response. LULU's singular upgrade to "hold" came from Canaccord Genuity -- just days after the brokerage firm backed its "sell" rating -- while the highest new price targ...Read More
A little more than a month after delivering a disappointing third-quarter miss, AK Steel Holding Corporation (NYSE:AKS) received some favorable news earlier this week, with the U.S. Commerce Department issuing a preliminary ruling that steel products from Vietnam that are made with Chinese substrate will face import duties. Upbeat analysts are chiming in, with the steel stock scoring a key upgrade...Read More
U.S. stock futures are mixed this morning, as traders keep a close eye on Washington, D.C., where President Donald Trump is expected to meet with congressional leaders from both the Democratic and Republican parties to discuss a potential government shutdown. Tax reform is also in focus, after Senate Republicans on Wednesday voted to send the bill to a conference committee with the House to hash o...Read More
On our first date, we talked about magnets...That's right: magnets.And, no, I don't mean the kind of metaphorical magnetism between two people.I mean literal magnets.I met Chelsea (not her real name) through Bumble. If you don't know, Bumble is just another one of those dating apps that hopeless yuppie singles like myself use to meet women.We met at a quiet downtown club for cocktails. Chelsea wa...Read More
As gold and silver continue to get hammered, palladium is back above $1,000. Here's an update...In our comparison post about Bitcoin, we noted that silver has turned red on the year:Call it ten straight days of price declines (cause we're not going to count the $.01 Friday Price Farce as a gain):However, palladium looks to have turned the corner:One of these things is not like the other:Which is j...Read More
It ended in one hot mess, and the similarities today are so similar you'd think Bitcoin and silver were identical twins separated at birth...This chart just keeps on climbing: Just yesterday in our Midweek Update we showed the same chart:Except in the last 24 hours since the time we posted that chart, Bitcoin is up $2,250+. In one single day.So before anybody goes out selling their stacks as silv...Read More
Back in early November, I shared a 6-pack of charts showing that Gold (NYSEARCA:GLD) and the broader metals sector were all testing key price support levels.Well, those price levels appear to be giving way to the downside. And this could be warning of lower prices to come. In the updated 6-pack of charts below, you can see blue trend lines for various charts of Gold, the Gold Miners (NYSEARCA:GDX...Read More
Rick will be speaking at the upcoming Vancouver Resource Investment Conference, January 21st & 22nd at the Vancouver Convention Centre West. Register for FREE at cambridgehouse.comJoin us at an upcoming event! http://www.cambridgehouse.comStay Connected!http://www.cambridgehouse.com/https://twitter.com/cambridgehttps://www.facebook.com/cambridgehou...Copyright (C) 2015 Cambridge House Internation...Read More
Jason Burack of Wall St for Main St interviewed first time guest, resource stock investor, Jayant Bhandari http://jayantbhandari.com/. Jayant is constantly traveling the world to look for investment opportunities, particularly in the natural resource sector and he writes articles about culture, economics, investing and junior mining. He is a follower of the Austrian School of Economics and he runs...Read More
Gerardo Del Real catches up with Advantage Lithium President & CEO David Sidoo during a recent site visit to discuss their partnership with Orocobre, ongoing development of Cauchari, and future plans.Read More
In case of emergency, you should always have a solid chunk of cash on hand. These days, that isn’t much riskier than keeping your money in a bank.There are stories of banks and governments suspending accounts for no legitimate reason. Furthermore, the interest rates at banks hardly give you much incentive to store your money there.But as with anything that gives individuals more cont...Read More