The stock tends to struggle in the last two months of the yearThe holidays will be here before you know it, and that means retail stocks take center stage. However, GameStop Corp. (NYSE:GME) is one retailer to avoid in the coming months, if history is any guide. Below, we outlined 25 stocks that tend to struggle during the holiday season.According to Schaeffer's Senior Quantitative Analyst Rocky...Read More
Bearish sentiment and recent buybacks could make RH a strong buy in NovemberIt's shaping up to be a great time to go long on home furnishings retailer Restoration Hardware Holdings, Inc (NYSE:RH). While the shares have pulled back in recent months from their highs near $160 from early September, they're bouncing from the site of their 2015 and 2017 highs, hinting at double-barreled support going f...Read More
Oil prices are lower againStocks are modestly higher at midday, with traders keeping a close eye on midterm election updates. The technology sector is seeing some of the biggest gains today, with a sharp push higher for IBM (IBM) helping boost the Dow Jones Industrial Average (DJI) to a triple-digit lead. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are up, as well, as the latter seeks to s...Read More
Gold enjoyed a 2% rally last month amid a pretty volatile October.Speculators hold a very small net long position in Comex gold, CFTC data shows. ETF investors boosted their gold holdings, albeit at a moderate pace, according to FastMarkets.Although October lived up to its reputation for risk assets, investors did not rush into gold.Given the Fed's determination to tighten its policy, investors ar...Read More
(Reuters) - Wells Fargo & Co (WFC.N) said on Tuesday an internal underwriting error had caused it to reject home loan modifications, resulting in the bank foreclosing more homes than expected.The bank said in a filing with regulators that an expanded review found that 870 customers were incorrectly denied mortgage changes, leading to 545 of them losing their homes.This comes after the bank in...Read More
Looking at oil prices, sanctions on Iran haven't so much kicked in as shuffled onto the stage. Waivers granted to eight countries by the Trump Administration should mitigate the drop in Iranian oil exports to a large degree (and could even herald a near-term increase).With midterm elections on Tuesday, the White House had good reason to go with hem-and-haw rather than shock-and-awe. Higher oil pri...Read More
After a few months threatening to break the all-time record (102,635 units, set last December), the Chinese plug-in electric vehicle (PEV) market finally hit a new high, with some 104,900 plug-in vehicles being registered in September, up 66% and in line with previous months' growth ratesRead full newsRead More
(Kitco News)- The gold market could struggle through the rest of the year asthere is a lack of fundamental reasons to push prices higher, according to oneAustralian Bank.It is difficult to be overly bullish on gold as there is no newcatalyst that could dramatically drive prices higher, Macquarie precious metals analyst MatthewTurner told Kitco News on the sidelines of the London Bullion MarketAsso...Read More
(Kitco News) - The gold market could struggle through the rest of the year as there is a lack of fundamental reasons to push prices higher, according to one Australian Bank.It is difficult to be overly bullish on gold as there is no new catalyst that could dramatically drive prices higher, Macquarie precious metals analyst Matthew Turner told Kitco News on the sidelines of the London Bullion Marke...Read More
Canadian miners' performance slipped in the three months leading to the end of September, due mostly to weaker gold, nickel, copper and zinc prices, the latest report by consultancy Ernst & Young (EY) reveals.Following a 5% drop between April and June this year, gold prices decreased by another 5% in the third quarter, mainly due to the strong US dollar and the recent Federal Reserve rate hike of...Read More
Canadian miners' performance slipped in the three months leading to the end of September, due mostly to weaker gold, nickel, copper and zinc prices, the latest report by consultancy Ernst & Young (EY) reveals.Following a 5% drop between April and June this year, gold prices decreased by another 5% in the third quarter, mainly due to the strong US dollar and the recent Federal Reserve rate hike of...Read More
Canadian miners' performance slipped in the three months leading to the end of September, due mostly to weaker gold, nickel, copper and zinc prices, the latest report by consultancy Ernst & Young (EY) reveals.Following a 5% drop between April and June this year, gold prices decreased by another 5% in the third quarter, mainly due to the strong US dollar and the recent Federal Reserve rate hike of...Read More
Canadian miners' performance slipped in the three months leading to the end of September, due mostly to weaker gold, nickel, copper and zinc prices, the latest report by consultancy Ernst & Young (EY) reveals.Following a 5% drop between April and June this year, gold prices decreased by another 5% in the third quarter, mainly due to the strong US dollar and the recent Federal Reserve rate hike of...Read More
Canadian miners' performance slipped in the three months leading to the end of September, due mostly to weaker gold, nickel, copper and zinc prices, the latest report by consultancy Ernst & Young (EY) reveals.Following a 5% drop between April and June this year, gold prices decreased by another 5% in the third quarter, mainly due to the strong US dollar and the recent Federal Reserve rate hike of...Read More
Image courtesy of Rob Crandall/Shutterstock.com(Kitco News)- American voters are heading to the polls today to casttheir ballot in the much-anticipated midterm elections.Political pundits expect to see a split Congress with theDemocratic Party taking control of the House and the Republican Partymaintaining control of the Senate. While equity market and U.S. dollarinvestors appear to be favoring a...Read More
BELFAST (Reuters) - The United Kingdom is heading toward leaving the European Union without a divorce deal, a senior member of the Northern Irish party which props up Prime Minister Theresa May’s government said on Tuesday.With less than five months until Britain is due to exit the EU, May has yet to clinch a divorce deal, with negotiators stuck on the so-called “backstop” arrang...Read More
Image courtesy of Rob Crandall/Shutterstock.com (Kitco News) - American voters are heading to the polls today to cast their ballot in the much-anticipated midterm elections.Political pundits expect to see a split Congress with the Democratic Party taking control of the House and the Republican Party maintaining control of the Senate. While equity market and U.S. dollar investors appear to be...Read More
SHANGHAI - State-owned metals and mineral trading firm China Minmetals signed a 20 million tonne iron ore purchase agreement with Brazilian mining giant Vale on Tuesday.The agreement was signed during a ceremony at the China International Import Expo in Shanghai.China is the world's biggest consumer of the steelmaking ingredient.Minmetals also signed a 2,400 tonne nickel briquette purchase agreeme...Read More
(Kitco News) - Gold priceshave lost early gains and are trading modestly down inlate-morning action Tuesday. Gold lost altitude when the U.S. dollar index erased its mild early losses and as U.S. stock indexes did the same. Look forsubdued trading in the metals the rest of the day as the world marketplaceawaits the U.S. mid-term election results. December gold was last down $2.40 at$1,229.90. By...Read More
LONDON (Reuters) - Bitcoin has experienced one of its worst annual price performances of its short 10-year-old life but also appears to have become more stable in the process.Volatility of the original and biggest cryptocurrency has sunk to its lowest for nearly two years, with price swings falling lower than increasingly edgy U.S. stocks for more than two weeks in a row.Measured on a weekly basis...Read More