The streak of quiet opens continues for U.S. stock futures today. Investors are gearing up for today’s Federal Reserve rate cut decision. A quarter-point cut will lower the Fed funds rate range to 1.50%-1.75%. The market is baking in a 98% chance of it happening. Source: Shutterstock Ahead of the bell, futures on the Dow
Month: October 2019
(credit Fidelity.com) Gold has basically been going sideways for about 2 months now, trending sideways after a local high. There is some debate out there about what level traders should watch for gold. Your friendly Gold Enthusiast likes to err slightly on the side of caution for several reasons. First, keeping levels “tight” leads to
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More people could be in danger from rising sea levels than previously thought, a new study says. The report, published on Tuesday by Nature Communications, found that by the end of the century as many as 630 million people could live on land below projected flood levels. This is three times greater than prior estimates.
A customer browses the Mattel Barbie dolls section of a now closed Toys ‘R’ Us store. Chris Ratcliffe | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Mattel spiked more than 12% during extended trading after the company announced that its audit committee completed its independent investigation into
Shares of Microsoft (NASDAQ:MSFT) soared to all-time highs in late October after the cloud giant prevailed over Amazon (NASDAQ:AMZN) and won the U.S. Department of Defense’s highly coveted, $10 billion JEDI cloud computing contract. Source: VDB Photos / Shutterstock.com Make no mistake about it. This is a huge deal. Indeed, it’s a reason to buy
Since I wrote about the massive overvaluation of Shopify (NYSE:SHOP) last month nothing has occurred to change my mind. If anything, SHOP stock has gotten worse, especially now that Amazon (NASDAQ:AMZN) has decided to take on Shopify’s potential threat (more on that below). Source: BalkansCat / Shutterstock.com You need to be more than a little
On Monday, the major U.S. equity benchmarks broke out to all-time highs, but as was noted in the wake of yesterday’s bullishness, domestic stocks have had difficulties building on breakouts for over a year now. One trading day does not confirm that will be the case this time around, but stocks retreated on Tuesday. Source:
A stretched rubber band eventually snaps The range in crude oil has narrowed over since early October Three factors that could move oil higher over the coming weeks The price of crude oil was trending lower since late April when the nearby NYMEX futures contract hit the high for 2019 at $66.60 per barrel. Increased
Today we’re going to switch up styles and hop into the classroom to learn a little bit about Abenomics. I’ve written about it in countless articles and throw it out like everybody knows what it means. Let’s break it down. Abenomics is the three arrow approach of monetary easing, fiscal stimulus and structural reform that
Traders work the floor of the New York Stock Exchange. Getty Images This stock market rally to records is starting to look shaky. The S&P 500 refreshed its record again on Tuesday ahead of an expected rate cut from the Federal Reserve, but looking under the hood, investors are increasingly flocking to one of the
Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal Open Market Committee meeting in Washington, June 19, 2019. Kevin Lamarque | Reuters Federal Reserve Chairman Jerome Powell faces one of the more difficult communications challenges of his tenure Wednesday, and he risks spooking financial markets if he doesn’t get it just
Earlier this month, Credit Suisse analyst John Walsh said that “it takes a village” to assess General Electric (NYSE:GE) stock. Source: Jonathan Weiss / Shutterstock.com I don’t agree with that sentiment. Heading into the company’s third-quarter earnings, due Oct. 30, I remain convinced that prior results show that the company’s aerospace unit remains strong, while
Investors tend to gravitate to dividend stocks, particularly when those equities increase their payout on an annual basis. When these types of stocks achieve 25 consecutive years of payout hikes, analysts refer to them as “dividend aristocrats.” As many of the top tech stocks matured, they embraced the practice of annual dividend increases. Now, dividend
This year, Amazon.com (NASDAQ:AMZN) had some good news for customers: one-day shipping is now standard for Amazon Prime orders. But in last Thursday’s quarterly report, this translated into bad news for investors in AMZN stock. The effort contributed to a spectacular earnings miss: Last year, Amazon earned $5.75 per share in the third quarter. Analysts were expecting
U.S. stock futures are headed for a quiet open. In early morning trading, futures on the Dow Jones Industrial Average are down 0.18% and S&P 500 futures are lower by 0.07%. Nasdaq Composite futures have gained 0.08%. Source: Shutterstock Yesterday’s push to new record highs in the S&P 500 drummed up call interest while put popularity
Palladium is up over 30% from its June lows, and is the top performing futures market this year. Bullish sentiment on palladium finished yesterday at 88%, the highest reading we’ve seen in over 18 months. I believe this to be an opportune time for investors to take profit in the metal. While gold (GLD) and silver (SLV) have been
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Dara Khosrowshahi Patrick T. Fallon | Bloomberg | Getty Images Ride-hailing giant Uber is making a deeper push into financial services. The company announced on Monday the formation of a new division called Uber Money to house its efforts, which include a digital wallet and upgraded debit and credit cards. The emphasis, at first, will
Beyond Meat plant-based burger patties. Source: Beyond Meat Check out the companies making headlines after the bell: Shares of Beyond Meat tanked as much as 15% after the bell despite the company’s raised revenue guidance and third-quarter earnings that topped expectations. The alternative plant-based meat company raised its revenue guidance from at least $240 million
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