On Monday, the Dow Jones Industrial Average (DJIA) ended a fifth straight session above its upper Bollinger Band (BB) -- typically viewed as an overbought signal. The index has since dropped back below this level, due to recent weakness among tech stocks, but that stretchmarked something the Dow has done just a dozen times since 1990. Below, we take a look at blue-chip stock performance after thes...Read More
Although earnings season has all but wrapped up, there are still a few stragglers who have yet to step up to the plate. One such company is bargain retailer Dollar General Corp. (NYSE:DG), which reports earnings before the open tomorrow, and hopes to keep pace with its surging sector rival Dollar Tree (DLTR). Below, we will take a look at Dollar General's earnings history, and examine how analyst...Read More
U.S. stocks are trading just above breakeven this afternoon, with the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) attempting to shake off early losses. However, it's been a seesaw session thus far, as traders digest a stronger-than-expected ADP private payrolls report and another attempted rebound by tech stocks. Meanwhile, energy stocks are lower followi...Read More
Morgan Stanley downgraded healthcare stocks Henry Schein, Inc. (NASDAQ:HSIC) and Patterson Companies, Inc. (NASDAQ:PDCO) to "underweight" from "equal weight," citing risk from Amazon's (AMZN) entry into the pharmaceutical field, as well as expectations for a possible consolidation in the dental consumables market that could create headwinds. The bearish note has shares of HSIC and PDCO trading low...Read More
Square Inc (NYSE:SQ) stock is up 4.3% today at $39.21, thanks to news the company is expanding bitcoin services on its Cash app. SQ shares rallied to a record high near $50 last month after the payments processor initially announced customers could buy and sell bitcoin. While the security has pulled back from these highs, yesterday it took a sharp bounce off the closely watched 50-day moving avera...Read More
Shares of tech powerhouse Amazon.com, Inc. (NASDAQ:AMZN) are in focus today, as traders digest the online retail giant's partnership with Apple (AAPL) to include its Prime Video app on Apple TV. This news follows Tuesday's escalation in the Amazon-Google rivalry, which saw Google yank its YouTube content from Amazon's Echo Show and Fire TV platforms in retaliation for the lack of Google hardware...Read More
A little more than a month after delivering a a substantial third-quarter earnings beat, First Solar, Inc. (NASDAQ:FSLR) issued its fiscal 2018 outlook yesterday, sending the shares up 6.9% to close at $61.21. Upbeat analysts are chiming in, with the solar energy solutions provider seeing a flurry of price-target hikes today.Specifically, First Solar has received no fewer than four price-target...Read More
After closing last night at $60.93, shares of DaVita Inc (NYSE:DVA) are up nearly 9% in pre-market trading. UnitedHealth Group Inc (NYSE:UNH) said it is purchasing the kidney dialysis company's DaVita Medical Group in a $4.9 billion all-cash deal, and the primary care unit will become part of UNH's Optum division. This follows Monday's major healthcare merger announcement between CVS Health (CVS)...Read More
U.S. stock futures are signaling a lower open today, pointing to a fourth straight down day for the S&P 500 Index (SPX) and Nasdaq Composite (IXIC). Investors this morning are digesting the ADP private payrolls report, which topped expectations for November with 190,000 jobs added -- possibly providing a hint for traders ahead of Friday's nonfarm payrolls report. Still, the Dow Jones Industrial Av...Read More
Something strange happened last week as the S&P 500 Index (SPX) gained over 1.5%. The CBOE Volatility Index (VIX) spiked 18%. It's strange because those two indexes typically move in opposite directions. The VIX measures the implied volatility of S&P 500 options and it's often referred to as the market's "fear gauge." Stocks moving higher, like last week, would typically calm the fears of investor...Read More
Vancouver, BC - Graphite One Resources Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company") is pleased to announce that it has completed a non?EUR?brokered private placement offering (the "Offering"), raising gross proceeds of CA$707,185. A significant portion of the placement is from Taiga Mining Company, Inc, an Alaskan, privately?EUR?held mining company with decades of experi...Read More
Some people would say it's the Louvre, or the Metropolitan Museum of Art, or perhaps the Prado in Spain... but they would be wrong.The world's greatest museum sits 30 miles west of Washington, D.C. It is a cathedral of worship to mankind's greatest achievement with a vast white architecture that would make Howard Roark proud.I am talking, of course, about the Steven F. Udvar-Hazy Center in Norther...Read More
Consumer Inflation Official vs 1980 AlternateSource: ShadowStats.com; BMG Group Inc.Read More
The comments above & below is an edited and abridged synopsis of an article by David StockmanThere's a con job taking place in Washington as a desperate mob of Republicans attempts to enact something-anything-that can be vaguely labeled tax reform/tax cut. And for a reason that lies only slightly below the surface.They are scared that the political train wreck in the Oval Office will put them out...Read More
The comments above & below is an edited and abridged synopsis of an article by John RubinoA recurring pattern of the past few decades involves governments promising to limit their borrowing, only to discover that hardly anyone cares. So target dates slip, bonds are issued, and the debts keep rising.This time around the timing is especially notable, since eight years of global growth ought to be pr...Read More
The comments above & below is an edited and abridged synopsis of an article by Michael KosaresWilliam White is a Canadian economist who did research at the Bank of England and the BIS before taking over the Economic Development and Review Committee at the OECD. He presented one of the earliest and most thoughtful warnings of the financial crisis back in 2003. He can, and should, be taken seriously...Read More
The comments above & below is an edited and abridged synopsis of an article by Chris MartensonWe are at the apex of the most incredible nest of financial bubbles in all of human history. Few are aware of the nature of America's predicament, and an even smaller subset is physically or financially ready for the future.Even fewer are mentally prepared for it, and it's the mental and emotional prepara...Read More
The comments above & below is an edited and abridged synopsis of an article by Pavel LisitsynThe Central Bank of Russia (CBR) is increasing the country's gold reserves to meet a goal set by President Vladimir Putin to make Russia less vulnerable to geopolitical risks.As of November, Russia had 1,801 tons of gold that accounted for 17.3% of all reserves. Russia is the sixth-largest gold owner after...Read More
The comments above & below is an edited and abridged synopsis of an article by Ronan ManlyThe annual Russian Bullion Market conference took place on November 24 in Moscow. The most notable speaker was Sergey Shvetsov, First Deputy Chairman of Russia's central bank.Shvetsov discussed an important development involving the Russian central bank in the worldwide gold market, and gave insight into the...Read More
Steve St. Angelo tells Silver Doctors a cryptocurrency collapse is just a few months away. Here's the details... Steve St Angelo of SRSrocco Report interviewed by Silver DoctorsSt. Angelo says oil runs the world, and the oil industry is "being cannibalized just to stay alive." He notes stocks, bonds, and real estate get their value from burning energy in the future, while a gold or silver coin bo...Read More