* This weekend's Barron's cover story examines special purpose acquisition companies, the new hot thing on Wall Street. * Other featured articles look at how to play rising gold prices or China's comeback, and how not to get burned by thematic ETFs. * Also, the prospects for car dealer stocks, the breakup of big tech, […]
Shares of Caterpillar (CAT) fell almost 2.8% on Friday despite beating 2Q earnings estimates. Its 2Q adjusted earnings of $1.03 per share exceeded analysts’ estimates of $0.64. Moreover, revenues of $10 billion surpassed Street estimates of $9.38 billion. However, the company's outlook for dealer inventories weighed on its stock.During the second quarter, dealers reduced inventories […]
* Benzinga has examined the prospects for many investor favorite stocks over the past week. * This week's bullish calls included tech giants and a top biotech. * An aerospace giant and the electric vehicle leader were among the week's bearish calls.This past week was a busy one, leaving investors much to ponder as the […]
Silver markets have rallied a bit during the week, breaking above the $26 level before rolling over. Silver had gotten far ahead of itself, so this makes sense.
If a top is forming then the market should stair-step down, first taking out $1966.50 then $1952.30.
Gold futures tested $1998.40 yesterday, and we see the potential for a post-Fed meeting pullback in precious metals. Gold miners will often lead the metals.
(Bloomberg) — The savers are getting restless.Running out of guaranteed ways to get meaningful returns, some people are increasingly being tempted to raid their interest-earning cash savings to load up on assets such as bitcoin, gold and stocks. The comfortable, if small, returns of high-yield savings accounts are looking less palatable as volatile assets take off.For a while, Brian […]
(Bloomberg) — European stocks fell to a three-week low, U.S. futures dropped and the Treasuries gained on the busiest earnings day of the season.Markets are bracing for a slew of earnings from American tech giants and economic data that’s likely to show the biggest contraction U.S. gross domestic product in records dating back to the […]
A record-breaking flood of gold investment that has driven prices to all-time highs was not enough to stop a collapse in jewellery sales from cutting global demand for the metal by 6% in the first half of 2020, the World Gold Council (WGC) said. The coronavirus pandemic triggered stockpiling of gold in Europe and North […]
Ahead of earnings from two of the most closely watched biotechs–Moderna Inc (NASDAQ: MRNA) and Gilead Sciences, Inc. (NASDAQ: GILD)–one thing seems pretty certain: Investors are likely to care much less than normal about Q2 financial numbers from either.Arguably, both companies could report their worst quarterly earnings and revenue ever and it wouldn't make as […]
Investors who owned stocks in the 2010s generally experienced some big gains. In fact, the SPDR S&P 500's (NYSE: SPY) total return for the decade was 250.5%. But there's no question some big-name stocks did much better than others along the way.Nokia's Difficult Decade: One underperformer of the last decade was telecom and consumer electronics […]
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
Precious metals, namely gold and silver, are in the midst of epic rallies. On Monday, silver exchange-traded funds extended what are becoming meteoric rises while gold hit an all-time high.On volume that was nearly double the daily average, the SPDR Gold Shares (NYSE: GLD), the world's largest bullion-backed ETF, jumped 2%. The VanEck Vectors Gold […]
Gold futures reverse gains after surging to record highs. Yahoo Finance’s Akiko Fujita and ETF Trends Director of Research Dave Nadig discuss.
(Bloomberg Opinion) — Gold’s record run to almost $2,000 an ounce has burnished cash flows and driven a surge in shares of bullion producers. The rally provides a renewed test of discipline for Barrick Gold Corp. and peers after a similar climb a decade ago prompted a spate of inflated deals and overly optimistic investments that wasted billions.The 2020 redux isn’t […]
(Bloomberg) — The U.S. Mint has reduced the volume of gold and silver coins it’s distributing to authorized purchasers as the coronavirus pandemic slows production, a document seen by Bloomberg shows.The Mint’s West Point complex in New York is taking measures to prevent the virus from spreading among its employees, and that will probably slow […]
(Bloomberg) — Gold’s record-breaking rally showed signs of flagging after futures touched $2,000 an ounce for the first time. Silver also fell as investors assess whether precious metals rose too high, too fast.Both metals retreated after touching fresh highs earlier Tuesday as traders looked to lock in profits. While there’s no end in sight to […]
(Bloomberg) — The U.S. dollar’s reign as the world’s reserve currency is coming under threat, as evinced by the recent surge in gold prices, according to Goldman Sachs Group Inc.The greenback faces several risks, including that the U.S. Federal Reserve may shift toward an “inflationary bias,” a rise in political uncertainty and growing concerns surrounding […]
Here is why gold prices are going through the roof.
(Bloomberg Opinion) — Federal Reserve Chair Jerome Powell has likely heard it all about negative U.S. real yields: How they’re devastating for pensions and life insurers, causing equity valuations to outpace the economic recovery, encouraging a stampede into gold and out of the dollar and giving the green light for American companies to gorge on cheap debt […]