After a couple of quiet days for equity investors, we finally got some action in the stock market today. The move comes after the Federal Reserve announced a 25 basis point reduction in the Fed Funds rates. Just the day before, we had noted that the likelihood went from a sure-fire rate cut a few
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Gold dips below $1500 The bearish calls rise- The ECB provides a reason to buy the dip In a bull market, it is crucial for bearish to fuel the trajectory of prices Gravity hit the gold market over recent sessions. After rising to a high $1566.20 on the COMEX December futures contract on September 4,
Getty Images Here are the biggest calls on Wall Street on Wednesday: Guggenheim raised its price target on Roku to $170 from $119 Guggenheim raised its price target on the stock and called Roku an “industry-leading” streaming video platform. “As the company expands its international offering and numerous new streaming video services launch with global
Why is everyone so pessimistic? A survey of 225 chief financial officers by Duke University shows pessimism on the U.S. economy has been growing steadily this year, despite record low unemployment and a strong consumer. The quarterly Duke University/CFO Global Business Outlook of 225 CFOs found that a majority of U.S. CFOs (53%) believe that
Check out the companies making headlines before the bell: General Mills – The food producer beat estimates by 2 cents a share, with adjusted quarterly profit of 79 cents per share. Revenue came in short of forecasts, however. General Mills said it saw improvement in North American retail sales and in its pet unit, although
It’s been a week since Shopify (NYSE:SHOP) announced the acquisition of Massachusetts-based fulfillment specialist 6 River Systems Inc. for $450 million. The move did little to move SHOP stock higher. Source: Beyond The Scene / Shutterstock.com However, if I were a 6 River shareholder, I would hold on to my Shopify stock. Here’s why. A
Exxon Mobil (NYSE:XOM) stock hasn’t exactly been a barn-burner this year, up only 7%. Much of its recent gains came from the recent spike in oil prices due to the Saudi oil field attacks. Source: Michael Gordon / Shutterstock.com This conflict is good for XOM stock. Most of its earnings come from its upstream operations
The past six months have gone from bad to worse for Canadian cannabis producer Aurora Cannabis (NYSE:ACB). In just a few short months, Aurora Cannabis stock has shed nearly 70% of its value as both the industry and the firm itself faced severe headwinds. Source: Shutterstock Despite being a popular pick among millennial investors this
After a lethargic start, some encouraging commentary on the future of international trade lifted stocks out of the doldrums on Tuesday. The S&P 500 ended the day at 3,005.7, up 0.26%, though the gain was made on light volume. Source: Shutterstock Snap (NYSE:SNAP) was one of the key drivers of that progress. The Snapchat parent’s
Natural gas busts through resistance It is only mid-September Inventories injections are not rising fast- Buy dips not rallies Last week, the price of natural gas broke through its technical resistance level and moved to the highest price since late May. When Hurricane Dorian was approaching the United States, the price of the energy commodity
Download Preston’s 1 page checklist for finding great stock picks: http://buffettsbooks.com/checklist Preston Pysh is the #1 selling Amazon author of two books on Warren Buffett. The books can be found at the following location: In this lesson, students learn what value investing is. The three course objectives are: 1) The difference between value trading and
Swing vs. Day Trading – Which is Better? ★ SUMMARY ★ You can compare day traders and swing traders to the Ninja Turtles – always fighting the Foot Clan. They are always battling each other, but which one is better? Let’s break down the differences between day traders and swing traders, so you can decide
Understanding VIX contango and ETF leverage can save you a small fortune.
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On Swing Trading Today we will discuss if the oil markets will continue to press higher or are they overbought in the short term. ✅14 Day Free Trial Final Days! Hurry! http://bit.ly/2Akb7Lq ================================================= ✅Bob’s 5 Most Powerful Video Tutorial – Free http://bit.ly/2IpRUPU ================================================ ?TrendSpider Automated Charting Tour http://bit.ly/2vhKA07 Use Discount Code CT25Z ===================================================
Simon Dawson | Bloomberg | Getty Images Saudi oil production will be fully back online by the end of September, the kingdom’s Energy Minister Prince Abdulaziz bin Salman told media during a press conference in Jeddah on Tuesday, sending oil prices down by nearly 6% just a day after their biggest jump in history. The
US Federal Reserve Chairman Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington, DC on July 31, 2019. Andrew Caballero-Reynolds | AFP | Getty Images The Fed is expected to cut interest rates for the second time in a decade Wednesday, but Fed Chairman Jerome Powell is unlikely
Goldman Sachs (NYSE:GS) is keeping a bullish view on the economy’s outlook. “Our economists expect that a U.S. recession is unlikely during the next two years,” the firm’s chief U.S. equity strategist David Kostin said recently. He believes the U.S. will narrowly avoid a recession, with the S&P 500 rising 4% to 3,100 points by
InvestorPlace columnist Mark Hake recently argued that Ford (NYSE:F) might not be able to afford to pay its 15-cent quarterly dividend on Ford stock. Source: r.classen / Shutterstock.com As part of Hake’s argument, he pointed to the suspension of the special dividend as an indication that Ford’s free cash flow isn’t keeping up with its
There’s not a stock in the market with a more pitched bull and bear divide than Tesla (NASDAQ:TSLA) stock. Bulls cite a massive growth opportunity — and a company that can help improve life on Earth. Bears point to the company’s lack of profitability, a long list of broken promises and an arguably inflated valuation.