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NZD/USD Rate Holds Above 50-SMA to Target March High
Today 15:49 EDT
NZD/USD approaches the monthly high (0.7305) as a growing number of Federal Reserve officials warn of a transitory rise in inflation.
A Pitchfork Made With Gold
Today 15:34 EDT
In the gold market, fear trade nirvana involves a tidal wave of institutional and retail capital coming out of the US stock market… and pouring into gold.
Tesla, ARKK, Nasdaq 100 and S&P 500: Varying Stages of the Cycle
Today 15:20 EDT
While the Nasdaq 100 led the charge from last March’s lows, recent performance has seen the S&P with more strength than the tech heavy index.
Everyone On Wall Street Thinks Everyone Else On Wall Street Is Long Bitcoin Again... But Almost None Are
Today 15:06 EDT
The GBTC, or Grayscale Bitcoin Trust is widely viewed and used as the only vehicle to express a bullish (or bearish) position in bitcoin since the SEC has yet to greenlight a bitcoin ETF.
Inflation: Friend Or Foe?
Today 14:53 EDT
Whether inflation is our friend or foe is strongly influenced by the overall situation and our own perspective.
US Dollar Outlook: DXY Index Hammered as Treasury Yields Ebb
Today 14:41 EDT
The US Dollar is continuing its slide on Tuesday as bears steer the broader DXY Index to fresh 12-week lows.
Softs Report - Tuesday, 18
Today 14:29 EDT
Cotton futures were a little higher in recovery trading. Trends have turned down on the daily charts but the weekly charts are holding mixed trends.
The next major level for Melco Crown Resorts & Entertainment will be around the $16.00 level. This important support area is where the stock broke out in early February 2021.
Mixed Signals in Corn. The Corn & Ethanol Report
Today 14:04 EDT
On the Ethanol Front Nebraska’s ethanol production is almost reaching pre-pandemic levels. Nearly every plant is back online after many were shut down this time a year ago.
2 Meme Stocks Test Resistance For A Larger Move
Today 13:52 EDT
Express and Tyme fell into long periods of consolidation after soaring 1,078% and 202%, respectively.
Stocks Struggle for Direction Amid Earnings, Housing Data
Today 13:42 EDT
Major indexes are quietly sinking this afternoon, as investors weigh disappointing April housing data against an upbeat batch of corporate earnings.
Most Active Equity Options For Midday - Tuesday, May 18
Today 13:30 EDT
Top tickers for midday: TSLA, T, AMC, PLTR, AAPL, F, WFC, AAL, NIO, WMT, AMZN, BIDU, UBER, BABA, VIAC, PLUG, TWTR, AMD, NCLH, FB.
The latest reading of 1.760M was up 0.3% from the March reading and is below the Investing.com forecast of 1.770M. Annual revisions were made.
The Tesla Big Short is Not as Big as it May Seem
Today 13:04 EDT
Steve Sosnick, Interactive Brokers’ chief strategist, discusses the recent media coverage of shorting options positions in Tesla.
Still A Lot of Triple Plays
Today 12:52 EDT
Although there are still a decent number of reports scheduled to come out over the next few weeks especially from major retailers, the pace of earnings slows significantly.
AUD/USD Rate Reverses Ahead of Monthly Low to Eye February High
Today 12:27 EDT
AUD/USD has largely negate the head-and-shoulders formation from earlier this year as it persistently holds above the neckline.
Discovery, AT&T pressured as Wall Street digests media megadeal
Today 12:14 EDT
How Long Will Rising Inflation Be Ignored?
Today 12:00 EDT
Inflation is spiking. PPI hit a record high in April. Consumers became less optimistic following the spike in inflation in May.
Colonial Pipeline Shutdown Puts All Pipelines Back In Vogue
Today 11:49 EDT
The ransomware attack and subsequent shutdown of the Colonial Pipeline drew a lot of awareness to how much our economy depends on fuels delivered by pipelines.
Matt Hougan: Discussion On Crypto ETFs
Today 11:43 EDT
During the week of May 10th, there were 26 new listings by 21 issuers on 11 exchanges around the world and there were 18 new cross-listings.
Morningstar rates GILD as a 4-star stock, with a fair value estimate of $81.00. CFRA rates GILD as a 3-star “HOLD”, with a 12-month target price of $66.00.
Credit Market Wheels in Danger of Coming Off?
Today 11:21 EDT
S&P 500 bulls are getting ready amid all the backing and filling for further advance, unless the corporate credit markets throw a fit. That‘s though unlikely to be of lasting importance.
NetEase Beats On Q1 Earnings, Hikes Q1 Dividend By 29%
Today 11:17 EDT
NetEase Inc reported first-quarter FY21 revenue growth of 20.2% year-on-year to $3.13 billion (RMB20.5 billion), beating the analyst consensus of $3.11 billion.
AT&T Merges WarnerMedia With Discovery After Reaching Agreement
Today 11:07 EDT
Yesterday, AT&T announced that it had reached an agreement to merge its entertainment division as Discovery in order to create a new company that would bring together all the television channels of...
Gold has been working its way higher over the past 5 weeks and the gold mining stocks are reaping the benefits.
Technically Speaking: Yardeni – The Market Will Soon Reach 4500
Today 10:59 EDT
The correlation between the Fed’s monetary interventions and the stock market is evident. The increase in the Fed’s balance sheet remains in near lockstep with the stock market’s climb.
Amazon Goes to Hollywood on MGM Buyout Rumors
Today 10:43 EDT
Reports came out last night that Amazon could buy MGM film studio in a deal worth as much as $10 billion.