(credit Fidelity.com) In the past 3 US market trading days, GLD has run up from 139.52 to a high of 142.47, a gain of 2.11%. That doesn’t sound like a lot, but it means international gold is now well above the psychological 1500 level (in USD). And as we all know, psychological levels can be
It may or may not be the remnants of a Christmas miracle or a Santa Claus rally, but stocks rallied again Thursday with leadership from technology as the Nasdaq Composite extends its winning streak to 11 days with several of the marquee tech names in the Dow Jones Industrial Average closing higher. Source: Courtesy of
Microsoft CEO Satya Narayana Nadella. Tobias Schwarz | AFP | Getty Images Growth in Microsoft’s cloud computing segment could fuel a big run for the software giant in 2020, according to Bank of America. Analysts at the bank named Microsoft one of its top software picks for 2020, raising the price target on the stock
Let’s be clear upfront: Amazon (NASDAQ:AMZN) hasn’t had a bad 2019. After all, its stock is up 21.3% so far on the year and nearly 30% over the past 12 months. However, that lags all of its mega-cap tech peers, as well as the SPDR S&P 500 ETF (NYSEARCA:SPY) and the PowerShares QQQ ETF (NASDAQ:QQQ),
Shares of biotechnology company Amarin (NASDAQ:AMRN) are up 61% this year. This is an impressive feat in its own right. However, even more so considering the stock tumbled nearly 10% last week. Source: Pavel Kapysh / Shutterstock.com Last week’s slide very could be a sign that plenty of investors are already dumping Amarin following the
2019 has been an extremely tough year for the cannabis sector. We have seen the strongest and longest pullback in its entire history. Luckily for a select few companies, their businesses have continued to flourish and 2020 is looking even brighter. 2019 has been a very exciting year for Innovative Industrial Properties (IIPR), as the
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Donald Trump Carlo Allegri | Reuters President Donald Trump’s stock market stacks up well against the majority of his presidential predecessors. The S&P 500 has returned more than 50% since Trump was elected, more than double the 23% average market return of presidents three years into their term, according to data from Bespoke Investment Group
Traders work on the floor at the New York Stock Exchange, December 9, 2019. Brendan McDermid | Reuters What a decade it has been. The year 2010 began with fear that the financial crisis might continue for years. The year 2019 has ended with a 10-year stock market rally. Along the way, one factor has
An Amazon Prime package Andrew Harrer | Bloomberg | Contributor Check out the companies making headlines in midday trading: Amazon — Shares of Amazon jumped over 3%, leading the gains in the S&P 500, after the e-commerce giant said this was its best holiday shopping season ever this year. Amazon said in a statement that
For the entire second half of 2019, I’ve been waving the bull flag on shares of memory chip maker Micron (NASDAQ:MU) and I maintain the view that Micron stock is a long term winner. Source: madamF / Shutterstock.com My enthusiasm (see here, here, and here) is bolstered by easing U.S.-China trade tensions, falling memory chip
Oil giant BP (NYSE:BP) is trading at exactly the same levels from a year ago. During this period, the S&P 500 has moved higher by 30%. Clearly, BP stock has been an underperformer and economic headwinds are the key reason. Source: TK Kurikawa / Shutterstock.com However, this does not make BP uninteresting. With an annual
It could be the start of something big in 2020 for Nokia (NYSE:NOK), but is it worth buying into today? Let’s take a look at a couple of catalysts off and on the Nokia stock price chart to secure a stronger risk-adjusted outcome for investors. Source: RistoH / Shutterstock.com The anxiously-awaited roll-out of the 5G
U.S. stock futures are headed for a green open to kick off the post-Christmas festivities. Elsewhere, precious metals like gold and silver are beginning to percolate, rising 0.5% and 1.3%, respectively. Source: Shutterstock On the equity side, futures on the Dow Jones Industrial Average are up 0.11% and S&P 500 futures are higher by 0.16%.
Silver has been on a tear the past 5 trading days. Even with Friday’s intraday drop, it closed higher on Friday than it closed Thursday. It’s a nice looking run-up on the chart – (credit Fidelity.com) Reasons cited for this rise include increasing uncertainty in the US-China trade war, some sudden concern about the Fed’s last notes-release, and
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Ethan Brown, founder and chief executive officer of Beyond Meat Inc., center, rings the opening bell during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, May 2, 2019. Beyond Meat’s successful initial public offering at $25 a share, the top end of its increased range, shows appetite
With only a couple of weeks left in 2019, many people are starting to look ahead and think about what companies are worth investing in during 2020. Amazon (NASDAQ:AMZN) lagged more than usual this year, but that more likely has to do with the atmosphere than the company’s fundamentals. Source: Jonathan Weiss / Shutterstock.com Besides
At the end of the year, it’s always worth taking the time to assess how markets are closing on a yearly bar basis. The most significant moves subject to the least noise are always the easiest to navigate on long-term charts. When it comes to silver (SLV), the yearly chart is finally trying to perk
Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images In the midst of a fourth-quarter surge that launched Tesla’s stock past CEO Elon Musk’s $420 per share takeout value, Morgan Stanley reiterated its $250 price target