(Bloomberg) — Stocks tumbled after a U.S. health official warned against a premature reopening of the economy and as traders assessed a dire outlook from Federal Reserve regional chiefs. Treasuries and the dollar climbed.The S&P 500 extended losses as Anthony Fauci, the nation’s top infectious disease official, said states reopening too quickly could “set you […]
It probably won’t come as much of a surprise to learn that Barrick Gold (GOLD), the world’s second largest gold mining company, is enjoying a successful 2020. Gold performs particularly well during global crises, and hardly any come any bigger than the current pandemic. As a result, the precious metal has been changing hands for […]
(Bloomberg) — Bitcoin appears to be running out of steam just before one of the most anticipated milestones among cryptocurrency enthusiasts.The largest digital token tumbled over the weekend, declining about 13% to around $8,675. It rebounded to about $8,840 as of 10 a.m. in New York trading on Monday. The decline took place ahead of […]
Stocks are on the rise, but why? The glum results of earnings season have not caused another panic – rather, investors seem to be taking them in stride as ‘baked in’ to the current financial situation. The indexes are generally holding steady, at resistance levels Wall Street had predicted two weeks ago. And this brings […]
Over the next few weeks and months, we believe Silver will begin an upside price advance that could last 12 to 24+ months and present an incredible opportunity for technical traders who follow price action.
(Bloomberg) — Asian stocks climbed along with U.S. and European equity futures and the yen retreated after a number of countries reported the fewest deaths from the coronavirus since March. Crude oil fell.Futures on the S&P 500 edged higher after the index gained on Friday even in the wake of a historic surge in American […]
For years, precious metals mining companies like Newmont (NYSE:NEM) and Barrick Gold (NYSE:GOLD) floundered in relative obscurity. Following the bubble bursting in the commodities sector early last decade, miners found themselves out of favor with the broader market cycle. Simply, with enthusiasm returning to equities following the Great Recession, NEM stock appeared anachronistic to Wall […]
[Editor's Note: "Wait For Another Pullback Before Buying AAL Stock" was originally published April 22, 2020. It is regularly updated to include the most relevant information.]Source: GagliardiPhotography / Shutterstock.com I don't have to tell how bad the novel coronavirus pandemic has been for American Airlines (NASDAQ:AAL). Since the outbreak first hit China, AAL stock has […]
Disney (NYSE:DIS) shocked Wall Street this week by suspending its dividends. It wasn't so much the fact itself that shocked investors, but rather, what it suggests. It was only weeks ago that former CEO Bob Iger left Disney as a very healthy company. Now there is concern over its cash position, which has some investors […]
Could we see the yellow metal at $5,000 or even higher amid the coronavirus crisis? We invite you thus to read our today’s article and find out how high gold prices can go in this downturn.
Each decade has an investment theme that favors one asset class over another. What performed well over the last decade generally underperforms during the next.
* DoorDash * Palantir * Robinhood * Asana * InstacartNew initial public offerings (IPOs) are one of the best ways investors can strike "gold" in the stock market. That's because these freshly public companies represent the next generation of world-changing businesses in the first innings of their long-term growth narratives. Sure, many of them don't […]
In the month of April, the U.S. economy lost a record 20.5 million payrolls and the unemployment rate jumped to 14.7%. Yahoo Finance’s Alexis Christoforous and Brian Sozzi break down the report with Matthew Luzzetti, Deutsche Bank Chief U.S. Economist.
Despite shedding a whopping 20.5 million payrolls and unemployment soaring to 14.7% in April, one economist points to what could be “a silver lining” within the dismal US jobs report.
(Bloomberg) — First, J. Crew. Now Neiman Marcus. Flashing red: J.C. Penney, Hertz and many more.Get ready for what could be the most jarring stretch of corporate bankruptcies in memory. The coronavirus has crushed the life out of some venerable household names.For many troubled companies, like luxury retailer Neiman Marcus Group Inc., which filed on […]
(Bloomberg Opinion) — A lot has happened since May 5, 2019. That was a busy day for Occidental Petroleum Corp. First, it announced a deal worth almost $9 billion to sell a package of African assets to Total SA, on the proviso that Oxy gained control of Anadarko Petroleum Corp. (which owned said assets). Then Oxy raised […]
Based on the early price action and the current price at $1688.30, the direction of the June Comex gold futures market into the close on Wednesday is likely to be determined by trader reaction to the 50% level at $1682.40.
(Bloomberg) — A Pacific island nation that’s been demanding a bigger share of its mineral wealth from global resources companies has forced Barrick Gold Corp. to do what a pandemic could not — cut its 2020 production guidance.Less than a month after saying its output was secure, the world’s second-largest gold miner said it expects […]
US household debt rises to a record