Then came the smackdown. Here’s the 5-day chart of SLV, with GLD overlaid as a blue line. (credit Fidelity.com) From a start of about 1.7% down, silver dropped another 2% over the next 3-and-a-half hours. During US normal trading hours. Now we’ve talked about the possibility that someone or someone’s are trying to hold down precious metals prices before.
Month: February 2020
Learn more about the Bull and Bear of the day go to https://www.zacks.com/bull Express: https://www.zacks.com/commentary/737467/bull-of-the-day-express-expr The Michaels Companies: https://www.zacks.com/commentary/737485/bear-of-the-day-the-michaels-companies-mik
After ripping higher off the lows on Thursday, the market set us up for a rug-pull on Friday, with equities diving on the day. Let’s look at a few top stock trades heading into next week. Top Stock Trades for Tomorrow No. 1: S&P 500 ETF (SPY) On Friday, the SPDR S&P 500 ETF (NYSEARCA:SPY)
A nurse holds up a one dose bottle and a prepared syringe of measles, mumps and rubella virus vaccine made by Merck at the Utah County Health Department on April 29, 2019 in Provo, Utah. George Frey | Getty Images The deadly coronavirus worsened quickly this month, roiling the financial markets as investors fled risk
A worker assembles a box for delivery at the Amazon fulfillment center in Baltimore, Maryland, April 30, 2019 Clodagh Kilcoyne | Reuters Check out the companies making headlines in midday trading. Amazon — Amazon jumped nearly 9% in midday trading after the e-commerce giant reported fourth-quarter earnings well ahead of Wall Street consensus expectations. The
Home furnishing retailer Pier 1 (NYSE:PIR) shocked the world in January when management announced intentions to close about half of the company’s store-base, or around 450 stores nationwide. Source: Jonathan Weiss / Shutterstock.com That’s a lot of stores. And they represent a huge opportunity for peer home furnishing retailers to win new sales. My numbers
With its sprint toward $60 per share during January, the market capitalization of Coca-Cola (NYSE:KO) passed that of Verizon (NYSE:VZ). Source: Fotazdymak / Shutterstock.com Over the last five years, shares in the flavored water company have gone up an average of 8% per year. The dividend has averaged a yield of about 3%. The latest move
Marijuana has been a hot topic among investors this year as they speculate on whether the industry will see another big push after a dismal 2019. While I’d agree that marijuana is a sector worth considering for 2020, there are a lot of pitfalls within that space, and Aurora Cannabis (NYSE:ACB) is one of them.
The parameters of the situation are being refined every day. Your friendly Gold Enthusiast, who majored in mathematical modeling of business in his undergrad years, of course, loves numbers and models. According to the best online sources (WHO etc), the important numbers for this situation are incubation period 5 days (how long after you actually “catch”
Equity markets were hammered in the stock market today. The SPDR S&P 500 ETF (NYSEARCA:SPY) slipped more than 2% at one point, but closed down “just” 1.8%, while the PowerShares QQQ ETF (NASDAQ:QQQ) fell 1.6% on Friday. It was a tricky session, that’s for sure. The SPY was one of five top stock trades highlighted
CNBC’s Jim Cramer said Friday he’s done with fossil fuel stocks because young investor’s concerns about climate change are holding them down. On “Squawk Box,” Cramer compared oil and other fossil fuel stocks to the sigma attached to investing in tobacco companies, saying they are in the “death knell phase.” He added, ”They’re tobacco. I think
An Aramco employee walks near an oil tank at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia. Ahmed Jadallah | Reuters OPEC and its allies could meet soon to discuss deepening their production cuts, in an effort to stem the sharp decline in oil prices due to a demand scare from
Activision Blizzard (NASDAQ:ATVI) dropped a big announcement just days before its Q4 earnings are due. On Jan. 24, the video game company announced a new partnership with Alphabet’s (NASDAQ:GOOG, NASDAQ:GOOGL) Google. The deal will see Activision Blizzard’s popular esports leagues stream exclusively on YouTube. In addition, Google Cloud becomes the preferred provider for the company’s
Over the past decade, American stocks have absolutely crushed their overseas rivals. The U.S. stock market has benefited in large part from the emergence of the FAANG stocks and other fast-growing tech and internet companies. These, along with a robust economic recovery, have powered the S&P 500 to a 264% total return over the past
For the most part, it’s been tough for recent unicorn IPOs. Just look at the offerings from companies like Uber (NYSE:UBER), Lyft (NASDAQ:LYFT) and SmileDirectClub (NASDAQ:SDC). They have all sustained material losses for shareholders. Then again, Wall Street has been getting antsy with companies that do not have a clear path to profitability. Source: Sundry Photography
Shares of Sundial Growers Inc. (SNDL) took a hit this week amid yet another cannabis C-suite shakeup. Yesterday the company announced a handful of executive changes, which includes the departure of its CEO and COO, in addition to a cost-cutting program. Torsten Kuenzlen resigned as CEO effective immediately, and will also step down as a
A Specialty Retailer and Auto Maker to Kick Off a New Month. Urban Outfitters: https://www.zacks.com/stock/quote/URBN?cid=CS-YOUTUBE-FT-VID Tesla: https://www.zacks.com/stock/quote/TSLA?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch
Stocks tumbled to end the week amid a batch of sour earnings reports from some cyclical companies and as coronavirus fears gripped trades around the world after the Center for Disease Control (CDC) could the respiratory illness an “unprecedented” health emergency. Source: Provided by Finviz The S&P 500 slid 1.78%. The Dow Jones Industrial Average
Four technology giants now sit on top of the list of most valuable U.S. companies, each worth more than $1 trillion — and there’s a familiar theme to each of their stories. Apple, Amazon, Microsoft and Google-parent Alphabet have all looked to services and cloud businesses for growth in the past couple of years. In
Traders signal offers in the Standard & Poor’s 500 stock index options pit at the Chicago Board Options Exchange (CBOE) following the Federal Open Market Committee meeting on September 18, 2013 in Chicago, Illinois. Scott Olson As stocks enter the month of February, worries about the coronavirus that slammed stocks in January could continue to