Stock Market

by David Brady via Sprott Money Paper Silver hit a short-term blow-off top at 30.35 last week, its highest level since February 2013. Then it fell 15% in just three days, back to the pivot level of 26. Since that knockdown, Silver has bounced—or more appropriately, crawled—its way back up to 27.87, now key resistance. It is now

In the last year, digital sports entertainment and gaming company DraftKings (DKNG) has been in a steady uptrend. During this period, the stock has returned 241% and currently trades at $61.07 per share. With positive company specific developments coupled with industry tailwinds, DraftKings stock remains attractive even after its massive rally. Let’s discuss the reasons

by Daisy Luther There’s a saying that those who do not learn from history are doomed to repeat it. But I think that there are people who learned from history and want to repeat it. Don’t get me wrong. If you walked up and asked someone like the little short guy from Facebook who sat on some

We’re well into the first quarter of 2021 now, and it’s a good time to take stock of what’s behind us, and how it will impact what lies ahead. Goldman Sachs strategist Jan Hatzius believes that we are on an upward trajectory, with better times ahead. Hatzius sees the developed economies expanding as the corona

From Birch Gold Group The Federal Reserve sure seems to have a tough time finding and reporting signs of rising inflation — especially when it’s hidden in other sectors like a lack of demand for energy. A recent example of the Fed’s “inflation blindness” comes from a speech Chairman Jerome Powell gave to the Economic Club of New

Investors are constantly on the lookout for new opportunities. There are different ways to unearth a gem – from keeping a tab on the pros’ recommendations to watching technical indicators to tracking hedge fund activity. Another option is to follow in the footsteps of the corporate insiders. These are the company directors and officers whose

by John Mauldin Among the many strange, unforeseen changes of the last year is a new respect for Keynesian economic theory. Practically everyone in power now agrees that deficit spending produces GDP growth. They differ only on its expected magnitude and duration. The few exceptions are mostly outside the halls of power. This matters because

Renewable energy stocks’ share gains in 2020 were enormous, and the trend has so far continued in 2021. The tailwinds are manifold; The global risks due to climate change have only come further to the fore during the pandemic, and the cost of renewable energy continues to drop, marking it as not only greener but

Check out the companies making headlines before the bell: PepsiCo (PEP) – The beverage and snack giant beat estimates by a penny with adjusted quarterly earnings of $1.47 per share, and revenue was above estimates as well. The company said it expects to see organic revenue and adjusted profit growth this year, and also announced

By Matthew Piepenburg Looking Behind the Labels Regardless of one’s politics, most would agree that extremely complex issues are typically given extremely misleading titles. Not all those of the extreme left, for example, are all that “woke” and not everyone on the far right, to be fair, is a “domestic terrorist.” Nevertheless, words are often

Like with so many other companies, the coronavirus took the blame for weak sales in Coty’s (COTY) latest financial report. In FQ2, the beauty products maker generated net revenue of $1.42 billion, a 16% year-over-year decline and just below the consensus estimate of $1.43 billion. Although there was a $0.10 year-over-year drop on the bottom-line,

New York Stock Exchange (NYSE) at Wall Street on January 12, 2021 in New York City. Angela Weiss | AFP | Getty Images The prospects of a big government spending program could continue to boost the stock market and put upward pressure on interest rates in the week ahead. Earnings season is beginning to wind

by Michael Snyder Stock prices are not going to stay this high.  Everyone can see that we are in a stock market bubble that does not have any parallel in all of U.S. history, and everyone can see that the end of that bubble is approaching.  The only debate is about how fast and how

Shares of vaccine researcher Inovio Pharmaceuticals (INO) are currently trading around the $15 level, and one analyst thinks that’s a bargain. Oppenheimer analyst Hartaj Singh makes the argument that progress on Inovio’s INO-4800 coronavirus vaccine, combined with its INO-5401 cancer vaccine and its Human papillomavirus (HPV) vaccine VGX-3100, could drive Inovio stock higher. How much

A visitor wearing a mask walks outside the Shanghai Disney Resort, that will be closed during the Chinese Lunar New Year holiday following the outbreak of a new coronavirus, in Shanghai, China January 24, 2020. Aly Song | Reuters Check out the companies making headlines in midday trading.  Walt Disney Company — Shares of the

by _amc_ Found this 2018 article, interesting/fun fact: The Stock Market Works by Day, but It Loves the Night If you had bought the SPY at the last second of trading on each business day since 1993 and sold at the market open the next day — capturing all of the net after-hour gains — your

Kraft Heinz reported better-than-expected earnings on Feb. 11 driven largely by people staying at home due to pandemic-led lockdowns and ordering more packaged foods. Shares of Kraft Heinz (KHC) closed almost 5% higher on Feb. 11 as sales for the fourth quarter rose 6.2% year-on-year to $6.9 billion and increased almost 5% for the year

Take a look at some of the biggest movers in the premarket: Walt Disney (DIS) – Disney reported quarterly profit of 32 cents per share, surprising analysts who had expected a loss of 41 cents per share. Disney saw a not-unexpected slump in theme park attendance and box office results due to Covid, but the

by Michael Snyder Throughout human history, our God-given liberties and freedoms have often been brutally crushed by oppressive governments, and that is still happening all over the world today.  But in our time, an additional threat to our liberties and freedoms has emerged.  Global corporations just continue to get larger and more powerful, and in

The auto industry’s earlier than expected bounce-back provided General Motors (GM) with beats in its latest quarterly statement. In 4Q20, the auto giant generated revenue of $37.52 billion, coming in ahead of consensus estimates by $1.23 billion and amounting to a 21.7% year-over-year uptick. There was a $0.29 beat on the bottom-line, too, with Non-GAAP

Attendees visit the Disney+ streaming service booth at the D23 Expo on August 23, 2019 at the Anaheim Convention Center in Anaheim, California. ROBYN BECK | AFP | Getty Images Check out the companies making headlines after the bell:  Disney – Shares of Disney jumped 3% after the company reported strong growth in paid streaming subscribers

by Michael Snyder Young people are running wild all over the country, and nobody seems to be able to come up with a solution to slow down the violence.  Following the tragic death of George Floyd, teens were disproportionally involved in the rioting, looting and arson that erupted in major cities throughout the nation for the

There’s no stopping Bitcoin right now. BTC is now trading at all-time highs and dragging any satellite companies associated with it along for the ride. Case in point: Shares of bitcoin miner Marathon (MARA) skyrocketed 67% this week, taking 2021’s tally to a year-to-date gain of 260%. The rising bitcoin price has demanded a rethink

Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Tilray, Canopy Growth, Aphria, Aurora Cannabis — Several cannabis stocks dropped Thursday, giving up some of the sharp gains from earlier this week as Reddit traders piled into the names. Shares of Tilray fell more than 40% after rallying

by confoundedinterest17 The Federal Reserve, the central bank for the United States, was signed into law by President Woodrow Wilson on December 23, 1913. And consumer purchasing power has dropped ever since to an all-time low. Rent CPI is declining rapidly. While auto and truck CPI have been fairly level since 1995. But as Wolfstreet noted,

Shares of Pacific Biosciences surged another 9% in Thursday’s pre-market trading after the gene sequencing company announced a $900 million investment from SB Management, a subsidiary of SoftBank Group. Shares closed 16% higher on Feb. 10. As part of the investment, SoftBank will buy $900 million in convertible senior notes due 2028 with an initial

Take a look at some of the biggest movers in the premarket: Coca-Cola (KO) – Coca-Cola reported quarterly earnings of 47 cents per share, 5 cents a share above estimates. The beverage giant’s revenue essentially came in line with Wall Street forecasts. The company saw a year-over-year decline in revenue, income and case volume, but

by Michael Snyder Do they secretly want Trump to lose?  To me, that appears to be the best explanation for the utter incompetence that has been displayed by Trump’s lawyers so far.  Yes, they didn’t have that much time to prepare.  But these are very experienced attorneys that have spent decades perfecting their skills in

We’re six weeks into 2021, and now that the year is getting rolling, a few things have come clear. First, and most important, the COVID pandemic may finally be on the wane. Cases and deaths are down by one-third over the past three weeks, more than 1 million people daily are receiving one of the

Interestingly Politico is picking up on a fear amid the GOPe (establishment) that President Trump will likely not only survive the second insufferable impeachment effort, but he is likely to exit stronger than ever…. and that means retaliation against the DeceptiCon class of republicans. This is the blind spot of the UniParty, their inability to see that