|Day's Range||5.00 - 5.16|
Here's a look at Koch Industries and the owners, brothers Charles and David, that make up the second-richest family in America.
This was one of the most significant weeks for cannabis in recent history, as the U.S. House of Representatives voted in favor of an amendment that would stop the federal government and its agencies from interfering with legal cannabis programs, individuals and businesses in compliance with state, territorial or tribal cannabis laws. “Meanwhile, the cannabis industry isn’t waiting for regulators to catch up,” as proven by investments exceeding $1.3 billion through the first half of the year, Eneman said.
Choosing the right indicators can be a daunting task for novice traders. It’s a much easier process when they focus their effects into five categories.
U.S. markets and stock exchange traded funds continued to strengthen, with major benchmarks breaking into new highs, on hopes of renewed trade talks between Washington and Beijing after U.S. Vice President ...
Gold is outperforming stocks even when stock markets are making highs. The SPDR Gold Shares (GLD) has gained 8.7% in the last one month, and the VanEck Vectors Gold Miners ETF (GDX) has amplified that return by rising 21.1% in the same period.
Leon Cooperman, a billionaire investor and Omega Advisors' chairman and CEO, talked to CNBC on June 20. Cooperman provided his take on the current stock market scenario.
If you’re looking to invest in S&P 500 stocks, but don’t have the temperament to properly comb through the financial fundamentals of 500 individual companies, an S&P 500 Index can help you gain exposure to those stocks—without the grueling analysis. The S&P 500 Index tracks the largest and most powerful companies in the United States. The constituent stocks are curated by the S&P Index Committee, which selects companies based on a host of factors, including market cap, liquidity, and sector allocation.
....On Monday they shot down an unmanned drone flying in International Waters. The New York Times cited senior officials who said Trump approved attacks on multiple Iranian radar and missile batteries, showing a willingness to engage Iran militarily. Hawks in the administration have been pushing for a strong reaction to Iran for its actions on Thursday, when it shot down the drone.
On the heels of another robust trading day -- bringing the S&P 500 index to all-time highs, as well as striking distance of 3000 points -- we're seeing a slight pullback this morning in the pre-markets.
In the trailing week, the Energy Select Sector SPDR ETF (XLE) rose 3.7%—the largest among SPDR ETFs. The rise in oil prices might have boosted XLE.
Peter Schiff, the CEO and and chief global strategist at Euro Pacific Capital, pulled no punches at the Benzinga Trading Summit on Thursday in New York City. This approach led to further adverse effects, Schiff told the conference. "Those consequences were the 2008 financial crisis.
The Fed’s dovish stance is in response to the increased economic uncertainty and rising geopolitical risks. Gundlach told Reuters that for the Fed to cut interest rates in July, the economic data has to be weak. Currently, the fed fund futures imply that traders are pricing in a 100% chance of a Fed rate cut in July.
The overall investor sentiment has been bearish given the US-China trade tensions and deteriorating economic reports. In addition to bonds (BND), investors are also looking to gold due to its safe-haven appeal. Not only this, there are many other factors that are currently going in gold's favor.
Crude oil prices jumped as Iran shot down a U.S. drone. The S&P 500 closed at a new all-time high, and gold prices skyrocketed.
The BAML survey highlighted the fact that investors are very bearish on growth expectations. A net 50% of the respondents expect global growth to weaken over the next 12 months. A record number of investors said that the global economy was in the late cycle.
U.S. markets and stock exchange traded funds maintained their momentum on Thursday, with the S&P 500 breaking into a record high, on rising expectations that the Federal Reserve will shift to a loose monetary policy with interest rate cuts as soon as next month to counteract the negative effects of a prolonged U.S.-China trade war. On Thursday, the Invesco QQQ Trust (QQQ) was up 0.9%, SPDR Dow Jones Industrial Average ETF (DIA) gained 0.9% and SPDR S&P 500 ETF (SPY) rose 1.0%. At the end of its two-day policy meeting on Wednesday, the Federal Reserve left its benchmark rates unchanged but stated it would "act as appropriate" to support the economy, fueling speculation and the risk-on market sentiment on bets of a rate cut in the near future.
Bank of America Merrill Lynch conducted a survey that polled 230 global investors with $645 billion in total assets under management between June 7 and June 13. The asset allocation of fund managers implies recessionary conditions.
The S&P 500 gapped up to new all-time highs on Thursday, but quickly found responsive sellers up at that level. That's not too surprisingly, although it did sap some of wind from the bulls' sails. The question now is, will longs step up and continue buying or will we top out yet again near current levels? Top Stock Trades for Tomorrow 1: S&P 500 Click to EnlargeThe chart shows the S&P 500 banging its head up against the 2,950 level, while investors can also use the SPDR S&P 500 ETF (NYSEARCA:SPY) to follow the index if they prefer.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's crazy to think about the market we've had over the past nine or ten months. And amid all that drama -- trade wars, rate hikes, a 20% selloff in Q4 -- the SPX is right back to where it was in September. * 6 Stocks Ready to Bounce on a Trade Deal For me, it's hard to imagine that we end yesterday's Fed day stable (and still up big over the past two days), then gap up to new all-time highs today, only to see the whole thing fall apart. That doesn't mean we can't see some selling pressure up here or that a pullback won't happen.It's only to say that the market has had enough time to digest the Fed's comments to decide whether its good or bad for stocks. So far, they're voting that it's good. Let's see how we end the week and whether a triple top ends the run or if 3,000 on the S&P 500 is possible. Top Stock Trades for Tomorrow 2: General Electric Click to EnlargeGeneral Electric (NYSE:GE) is breaking out, as the stock continues to push higher and is technically through resistance. It's now above $10.50, a level we've been watching closely in the name. If this level again acts as resistance, see that the stock doesn't fall below its 200-day moving average. If it holds $10 and its 20-day moving average, all the better.From here though, let's see if $10.50 can turn from resistance into support. Staying above this mark could pave the way to $11.25+ now. Especially considering that the stock is not yet overbought. Top Stock Trades for Tomorrow 3: Netflix Click to EnlargeThe setup above may look familiar in Netflix (NASDAQ:NFLX). That's because not all that long ago we called NFLX a buy at $340 range support.Shares have since rallied $26 apiece and pushed through both the 20-day and 50-day moving averages, as well as short-term downtrend resistance (blue line). If it can clear $370, $380 range resistance is possible. Below $355 -- the 20-day -- and a retest of $340 range support is back on the table.Keep it simple, until NFLX stock makes it harder. Top Stock Trades for Tomorrow 4: Kroger Click to EnlargeShares of Kroger (NYSE:KR) are down about 2% after the company reported earnings, as this name continues its unhealthy trend lower.Not only is the 10-week moving average acting as clear resistance, but shares remain stuck in a clear trend. Short-term downtrend resistance (blue line) continues to squeeze KR lower, while longer term resistance (purple lines) isn't doing Kroger any favors either.Now what?$23 has proven to be a key level. Below this and channel support just below this week's lows are on the table. Below that and KR could fall into no man's land, with multi-year lows lingering between $19 and $20. If it holds, a retest of the 10-week moving average is on the table. Over the 10-week moving average and downtrend resistance, and KR can garner some upside momentum. Top Stock Trades for Tomorrow 5: Gold Click to EnlargeInterestingly, gold is making a powerful move to multi-year highs at the same time the stock market is. That's as the Fed appears set to cut rates in the not-too-distant future. That devalues the U.S. dollar and typically gives a boost to commodity prices.That's why the SPDR Gold Trust ETF (NYSEARCA:GLD) is bursting higher. It's also why we said Barrick Gold (NYSE:GOLD) could breakout, which is adding to its gains on Thursday. * Check Out These 5 Fast-Growing Stocks to Buy Today So now what? I want to see GLD stock hold the $128 to $130 breakout range. For really patient investors, above $126 is still technically okay. Still, I'd rather see it hold a multi-year breakout level rather than just a 2019 breakout level. Over $130 and more gains are possible.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Blue-Chip Stocks to Buy for a Noisy Market * 5 Strong Buy Biotech Stocks for the Second Half * 6 Stocks Ready to Bounce on a Trade Deal Compare Brokers The post 5 Top Stock Trades for Friday: SPY, GE, NFLX, Gold appeared first on InvestorPlace.
On June 20, US tech giant Apple (AAPL) saw its stock open on a bullish note. It posted a high of $200.61, up 1.4% from its previous session’s closing price. Earlier today, a sharp rally in large US companies, including Oracle (ORCL) and Apple, helped the S&P 500 Index (SPY) reach record highs.
These low-volatility and buy-write ETFs have been hovering around 52-week highs. Investors can hedge with these products as bearish sentiments are rife in the market.
This morning the US stock market opened on a strong bullish note after the Federal Reserve hinted at a cut in interest rates yesterday. Also, renewed US-China trade optimism helped the S&P 500 Index reach new heights today. The world’s two largest economies have started trade negotiations once again ahead of US President Donald Trump and Chinese President Xi Jinping’s meeting next week.
Iran’s Revolutionary Guard said Iranian forces shot down the unmanned drone, and the U.S. confirmed it, but the two countries disagree on where the incident took place and whether the drone was in or had been in Iranian airspace. The Guard said it shot down the drone in Iranian airspace over the coastal province of Hormozgan using a truck-based missile system, according to Iran’s Fars news agency. U.S. Central Command confirmed that the drone, a U.S. Navy Broad Area Maritime Surveillance (or BAMS-D) aircraft, was shot down by an Iranian surface-to-air missile system on Wednesday evening Eastern time, or early Thursday in Iran.