Oil prices tend to see sustained gains following Middle East crisis events, while stocks eventually churn higher as safe haven assets gold and Treasurys fade from their initial pops, according to historical analysis. Oil prices jumped roughly 4% on Friday after a United States airstrike in Baghdad killed Qasem Soleimani, one of Iran’s top military
Tim Cook, chief executive officer of Apple Inc., speaks about the new iPhone during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Tuesday, Sept. 10, 2019. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines before the bell: Apple – Bank of America raised its price
The consensus estimate was for a withdrawal of 82 bcf Natural gas below the $2.20 level The New Year means spring is around the corner Happy New Year to all! All the best for a happy, healthy, safe, and profitable 2019. It is now the roaring 2020’s, and it did not take long before lots
Should you buy gold on war with Iran? We conduct the technical analysis of the charts to decide. Do we buy physical gold or gold etfs? ✅Join out VIP Private Group session invitation list free! (we hate spam too) https://thecontrariantrader.com/15-minute-live-stream-alert/ ✅Please Take Our 2 minute Survey- Help us understand your pain points with trading- Then
2020 didn’t waste any time disappointing the bulls. We saw more record gains in the stock market today, with the SPDR S&P 500 ETF (NYSEARCA:SPY), the SPDR Dow Jones Industrial Average (NYSEARCA:DIA) and the PowerShares QQQ ETF (NASDAQ:QQQ) all pushing to record highs. One would expect that, given this rally, equities will be taking a
The U.S. economy is powered by consumer spending. And increasingly, other nations are experiencing the same phenomenon. But relying on the consumer can be tricky business when the economy isn’t firing consistently on all cylinders. This year however, that isn’t a big concern. Right now the markets are at record highs after a decade of
It has been an exciting week for Chinese electric car vehicle maker Nio (NYSE:NIO). Over the weekend, it unveiled new products at the company’s annual Nio Day. Rival Tesla (NASDAQ:TSLA) started delivering vehicles in China, just a year after building its local production facility there. And on Monday, Nio dropped a bomb on short sellers,
Still from “The Mandalorian” on Disney+. Disney Disney shares were on the rise to kick off 2020 after some Wall Street analysts estimated significant growth from its new streaming service and recommended clients keep buying the stock. Rosenblatt Securities analyst Bernie McTernan expects Disney+ to attract 25 million users by the end of the first
After a whirlwind 2019 for cannabis stocks, many investors are now eyeing Aphria (APHA) stock as the horse to bet on. The optimism surrounding this stock is based on solid company financials. While Aphria was not immune to the bubble-like wave that lifted cannabis stocks high last spring only to abruptly drop them by the
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U.S. stock futures are galloping out of the gate this morning. Buyers’ enthusiasm, which sent equities out on a high note, is returning to ring in the new year. Source: Shutterstock Ahead of the bell, futures on the Dow Jones Industrial Average are up 0.59% and S&P 500 futures are higher by 0.63%. Nasdaq Composite
If there’s’ one group of stocks that has been pretty volatile over the last year, it has to be semiconductor stocks. The chip makers have seen their fortunes rise on growing tech demand, only to see them fade away as the trade war waged on. It has truly been a wild ride for the iShares
Few of 2019’s initial public offerings garnered the buzz and subsequent volatility generated by faux meat producer Beyond Meat (NASDAQ:BYND). Considering that Beyond Meat made its debut as a public company in early 2019, shares have been all over the place. Source: Sundry Photography / Shutterstock.com The IPO priced at $25, but Beyond Meat stock
The father of passive investing told CNBC on Thursday that the shift toward index funds has vindicated his ideas and that there is still too much active management. Burton Malkiel is an emeritus professor of economics at Princeton University and author of the famous investing book, “A Random Walk Down Wall Street.” He said on
What a difference a year makes. On Jan. 1 of last year, the market was pricing in an earnings recession — an expectation that earnings would fall dramatically in 2019. Stocks were cheap. When the market realized a recession was not imminent, stocks took off. Fast forward one year and the opposite is happening. “The
Elon Musk attends the groundbreaking ceremony of the Tesla Gigafactory in Shanghai, east China, on January 7, 2019. Ding Ting | Xinhua News Agency | Getty Images Check out the companies making headlines midday Thursday: Tesla — Tesla rose 1.6% in midday trading after Canaccord Genuity reiterated its buy rating of the electric car maker’s
Both gold (GLD) and silver (SLV) had exceptional year-end runs, with both metals closing out December with 3% and 4% advances, respectively. The 3-month Treasury Bill Rate (1.55%) continues to trade well below the U.S. annual inflation rate (2.10%) supports a bullish backdrop for the metals on a big picture basis, short-term, silver is sitting
In Swing Trading Today we discuss inflation and how it may be moving higher. We discuss how to trade the inflation trade. ✅Join out VIP Private Group session invitation list free! (we hate spam too) https://thecontrariantrader.com/15-minute-live-stream-alert/ ✅Please Take Our 2 minute Survey- Help us understand your pain points with trading- Then we focus on them
Heading into 2020, U.S. stocks sit at all-time highs. And excluding a few challenged sectors like energy and retail, it almost seems like every stock is at an all-time high, or at least has closed the year strongly. Source: Shutterstock That might be an exaggeration, but it’s not much of one. Among stocks with a