It was another relatively quiet session in the stock market today. On Tuesday we saw the SPDR S&P 500 ETF (NYSEARCA:SPY) rally 0.3%, the SPDR Dow Jones Industrial Average (NYSEARCA:DIA) jump 0.2% and the PowerShares QQQ ETF (NASDAQ:QQQ) climb 0.5%. That’s as investors try to get positioned ahead of the Federal Reserve’s announcement on Wednesday.
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Silver has pulled back 11% from its highs at $19.70/oz. Despite this pullback, bullish sentiment has not budged much, and is currently sitting at 61% bulls based on DSI data. While an oversold bounce is possible, I believe we will likely see a slightly lower low in silver below $17.50/oz, before this correction is completely
Federal prosecutors on Monday accused three J.P. Morgan precious metals traders, including the global head of base and precious metals trading, of participating in a racketeering conspiracy in connection with a multiyear scheme to manipulate the markets and defraud customers. The alleged scheme saw the nation’s largest bank by assets profit handsomely, while investors suffered
Brendan McDermid | Reuters Check out the companies making headlines midday Monday: Devon Energy, Marathon Oil, Exxon Mobil, Chevron — Energy stocks surged after a drone strike attack wiped out about half of Saudi Arabia’s daily crude production. The attack sent oil prices skyrocketing more than 11% while the broader stock market fell. Devon and
Qualcomm (NASDAQ:QCOM) shareholders can’t complain about the performance of Qualcomm stock so far in 2019. Up 41% year to date through Sept. 13, including dividends, investors are likely taking some profits. Source: jejim / Shutterstock.com If you are, congrats on the gains. If not, here are three reasons why Qualcomm stock remains an excellent long-term
Over the past five years, shares of logistics giant FedEx (NYSE:FDX) have gone essentially nowhere. That is, in September 2014, FedEx stock was $160. Source: Shutterstock Today, in September 2019, FDX stock trades hands at $170. Thus, over the past five years, FDX has barely nudged higher while the S&P 500 is up more than
It’s been a great September for shares of banking giant JP Morgan Chase (NYSE:JPM). Month-to-date, the JPM stock price is up nearly 10%, handily outpacing the S&P 500 index’s 2.5% gain in September. But, JP Morgan stock is doing more than outperforming the broader markets recently. Over the past two weeks, the shares are up
Geopolitical risk returned in significant fashion Monday, but fortunately, it didn’t involve President Donald Trump and his Twitter (NYSE:TWTR) account. As widely reported over the weekend, drone strikes against Saudi Aramco production facilities knocked about 5% of global daily output offline. Source: ymgerman / Shutterstock.com A Yemeni militant group claimed credit for the attack, but
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, we learned about the three different credit organizations that rate a company’s debt. Those three organizations are Standard
These terms are more efficient than terms like “buy” and “sell” because they tell your position–your mindset on a particular stock or on the industry. Long: -Positive on the market -You can also be “long” on a particular stock: If you are long Nike, you’re expecting it to go up Short: -Negative on the market
Kevin Matras compares the PEG ratio to the P/E ratio and shows how to use them both for finding classically undervalued stocks with market beating growth rates. Highlighted stocks include CSIQ, MEOH, RCL, SBRA and TRN.
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A woman fuels her SUV at an Exxon Mobile gas station in Chicago. Getty Images Oil prices are surging and if history is any guide, a handful of stocks are going to outperform the market over the next week. Drone Saudi Arabian oil facilities over the weekend forced the kingdom to cut its oil output
Marko Kolanovic Crystal Mercedes | CNBC J.P. Morgan’s chief quant says oil prices won’t hurt stock prices until they hit the $80 to $85 per barrel range. Marko Kolanovic, global head of macro quantitative and derivatives strategy, said when oil prices are stable, oil correlates positively with the S&P 500, but when there are large
Call it the secret ingredient that compels a stock to move higher. It’s like an unstoppable magnetic force that pulls stocks up. Source: Shutterstock It really shouldn’t be a secret. It’s discussed in every company analysis and every Finance 101 class. It’s available for everyone to see for every publicly traded company. And yet, investors
Microsoft (NASDAQ:MSFT) stock has done very well this year, up almost 35% so far. MSFT stock is still reasonably priced despite the stock rise. Its forward price-to-earnings ratio is at 23 times. MSFT stock sports a healthy 1.34% dividend as well. Source: Shutterstock Investors may not know that one of the main reasons for MSFT
There is a feeling in financial markets right now that the U.S. and global economic environments are actually improving. Look no further than Citi’s Economic Surprise Index, which measures how economic data is coming in relative to expectations. For the first time since early 2019, this index has poked into positive territory. If the U.S.
Oil prices are exploding higher on the day, with crude oil up 13% from its close on Friday. That obviously made big headlines in the stock market today, but it’s not propelling energy stocks higher in the manner that many had expected. By now, many of you have likely read about the background story. For
Iran had been a supportive factor A change in the Trump administration signals a policy pivot Bullish and bearish factors change places- Until the attack on Saudi Aramco on Saturday Sometimes the most bullish and bearish factors in a market change places, and that is what we started to see last week. The price of
J.P. Morgan has placed two precious metals traders on leave — including the global head of base and precious metals trading — as the Justice Department’s criminal investigation into the firm’s trading practices continues. Michael Nowak, a managing director at J.P. Morgan who also heads the firm’s precious metals trading unit, was put on leave