Stock Market

by SpontaneousDisorder Sauce www.hussmanfunds.com/comment/mc201116/ By traditional valuation metrics, we were at extremes 5 years ago. That’s when I started becoming perma-bearish. Yet the bubble keeps inflating! Feels like I’m going to die before it pops. If a pandemic and -30% GDP can’t pop it… what can?

In a business update provided on Thursday, United Airlines disclosed that it expects 4Q revenue to decline by about 67% year-over-year as COVID-19 cases are rising rapidly and impacting travel demand. The carrier stated that in the week ended Nov. 18, there has been a deceleration in system bookings and an increase in cancellations due

Traders work the floor of the New York Stock Exchange. NYSE Stocks could continue to struggle with the twin themes of the spreading virus and a potentially robust recovery, once a vaccine is deployed next year. In the coming week, the restrictions the spreading virus is imposing on the economy will be clear, when many

by Martin Armstrong I am here from the Government to Protect You COMMENT: Hi MartinNow that coronavirus deaths have apparently topped 1 million people globally, which is over 0.01% of the world’s population, I’ve been wondering whether there are any other comparable threats to my life that the government is not protecting me from.I am troubled

Pfizer plans to submit an application to the FDA for the emergency use of its COVID-19 vaccine today, according to Health and Human Services Secretary Alex Azar. An Emergency Use Authorization (EUA) filing from Moderna is expected to come shortly after.  “Pfizer’s (PFE) partner, BioNTech, has announced that tomorrow they intend to file for emergency

Check out the companies making headlines in midday trading.  Zoom Video — Shares of the video-conferencing company jumped more than 6% amid a rise in Covid-19 cases. Zoom has been one of the key “stay-at-home” trades, and shares are up 550% this year. Nikola — The electric vehicle maker declined more than 3%, despite Loop

by Chris Kimble It wasn’t long ago that Bitcoin was pretty much left for dead. And a couple of years before that, Gold was in the same position. Both Bitcoin and Gold suffered severe bear markets that saw many investors jump ship. Often times, that is the only way for a durable bottom to form. And

Williams-Sonoma shares jumped 7% in the extended trading session on Thursday after the home goods retailer smashed analysts’ 3Q FY20 (ended Nov. 1) earnings estimates, driven by growth across all of its brands and higher margins. Home goods retailers have been experiencing a surge in demand since the pandemic’s onset as people are spending more

Take a look at some of the biggest movers in the premarket: Macy’s (M) – The retailer lost 19 cents per share for its latest quarter, smaller than the 79 cents a share loss that Wall Street was anticipating. Revenue beat estimates, however. Same-store sales dropped 20.2%, but that was smaller than the 23.3% loss

Good things come to those who wait but might they have come too late for coronavirus vaccine maker Inovio Pharmaceuticals (INO)? Inovio has finally been granted approval from the FDA to proceed with the Phase 2 portion of the Phase 2/3 trial for its COVID-19 DNA vaccine candidate INO-4800. To recap: Inovio was about to

Bloomberg | Bloomberg | Getty Images Check out the companies making headlines after the bell:  FireEye — Shares of FireEye jumped 12% in extended trading after the cybersecurity company announced a $400 million strategic investment led by Blackstone. FireEye intends to use the proceeds to fund the acquisition of Respond Software and grow the company’s

by Craig Hemke via Sprott Money News The year 2020 will be remembered for many things, not many of them good. However, we will also recall 2020 as the year the LBMA/COMEX consortium nearly failed, and then since that event in late March, it has also been the year when the CME Group, in a desperate attempt to

Stocks have turned up since the end of October, buoyed by an election that may offer stability and by news that effective vaccines for the novel coronavirus are closer than we had dared to think. The quick market shifts are enough to make investors dizzy – or at least, to get them looking to the

Here are the companies making headlines in midday trading: Shopify – Shares of the e-commerce company advanced more than 5% after Jefferies upgraded the stock to a buy rating. “We have a greater appreciation for SHOP’s ability to deliver robust growth for the next several years and reach ~$10B of revenue in 2025,” the firm

Palantir Technologies has been selected by the US Army to receive one of two prototype contracts to accelerate the army’s network modernization. Shares ticked up 1.8% in Wednesday’s after-market trading. Financial terms of the contract weren’t disclosed. Palantir (PLTR) said the contract marks the first time its Gotham software will be integrated with the army’s

Take a look at some of the biggest movers in the premarket: Target (TGT) – Target reported quarterly earnings of $2.79 per share for the third quarter, well above the consensus estimate of $1.60 a share. The retailer’s revenue beat estimates as well, and a comparable-store sales increase of 20.7% beat the consensus estimate of

BY JOHN RUBINO As Washington borrows and spends to keep the pandemic lockdown from turning into a Greater Depression, federal government debt is approaching the same percentage of GDP as during WW II. This is a nice journalistic hook, especially because the story – as told by the typical reporter – has a happy ending: Yes,

In contrast to many names in the semiconductor sector, chip giant Micron (MU) has had a difficult 2020. Hampered by reduced enterprise demand, lower IT outlays and adverse macro conditions, including the US ban on key customer Huawei, the stock had failed to ignite for most of the year. But change is in the air.

After surging on vaccine news, the stock market is more likely to stair step higher as the increase in virus cases competes with the promise of a more normal economy in the coming year, investors said. The S&P 500 rocketed higher on Pfizer’s Nov. 9 announcement that its vaccine was highly effective, and that it

by Charles Hugh-Smith Trust in institutions, authorities and Big Pharma is scraping the bottom of the barrel, and rushing these vaccines into mass use with extremely high expectations of efficacy is setting up the potential for a devastating loss of trust in the vaccines should they fail to live up to the claims of 100%

It has been a bountiful November for investors of microcap Zomedica (ZOM). Shares have been on an absolute tear and are up by 120% since the start of the month. According to H.C. Wainwright analyst Swayampakula Ramakanth, there could be plenty more upside on the way. Ramakanth reiterated a Buy rating on ZOM shares, although

CEO: Carol MeyrowitzCompany value:  $33.309 billionCarol Meyrowitz joined TJX in 1983, eventually becoming president in 2005. She joined its board of directors the following year. TJX operates more than 2,900 discount retail stores, including TJ Maxx, Marshalls and Home Goods. David McGew | Getty ImagesInset: Essdras M Suarez | The Boston Globe | Getty Images

Johnson & Johnson expects to have all the data needed to seek U.S. authorization for its experimental COVID-19 vaccine by February or earlier, the US drugmaker’s chief scientist Paul Stoffels told Reuters. J&J’s (JNJ) Stoffels said that the drugmaker is recruiting over 1,000 people per day for the late-stage trial of its COVID-19 vaccine candidate.

Check out the companies making headlines midday on Monday: Moderna — The drugmaker’s stock soared more than 7% after announcing preliminary phase three trial data shows its coronavirus vaccine is more than 94% effective in preventing Covid-19. Moderna is the second U.S. company in a week to report positive results from its coronavirus trial. Simon

Godaddy comments are brutaldowndetector.com/status/go-daddy/ All my websites with Godaddy are currently down and I am unable to log into the Godaddy Console either. — Tajender Singh Virk (@techn0h0lic) November 18, 2020 GoDaddy has completely shit the bed I guess? Another “24/7 easy always up” cloud service failing me? How many people are going to get a

Semiconductor stocks have enjoyed a bountiful 2020. The industry’s overall barometer, the SOX (the PHLX Semiconductor Index) has added 38% year-to-date, easily outgunning the S&P 500’s 12% returns. The sector has been led by several outperformers, among them Nvidia (NVDA). Heading into Wednesday’s FQ3 earnings, the GPU leader boasts year-to-date gains of a massive 128%,

Take a look at some of the biggest movers in the premarket: Walmart (WMT) – The retail giant earned $1.34 per share for the third quarter, compared to a consensus estimate of $1.18a share. Revenue beat forecasts as well. Walmart’s comparable-store sales also rose more than expected. The shares gained 0.8% in premarket trading as

by Lance Roberts In this past weekend’s newsletter, we discussed the exceedingly deviated price and overbought conditions. When we combine the technical backdrop with the “bulls going ballistic,” it once again makes sense to reduce risk in our portfolios. “The rally from the October lows was a ‘sellable rally.’ The current rally is as well. Given the more overbought condition, we

Sea Ltd. posted a 3Q loss of $0.69 per share, larger than the loss of $0.53 per share expected by analysts and the year-ago loss of $0.38 per share. The Southeast Asian gaming and e-commerce company’s 3Q sales spiked 98.7% to $1.2 billion year-over-year, missing the Street consensus of $1.4 billion. Sea’s (SE) 3Q digital

CEO of Tesla Motors Elon Musk reacts following the company’s initial public offering at the NASDAQ market in New York June 29, 2010 Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Tesla — Tesla shares rallied nearly 10% after S&P Dow Jones Indices said it would add the electric car