|Bid||0.00 x 1000|
|Ask||0.00 x 2200|
|Day's Range||125.10 - 126.22|
|52 Week Range||111.06 - 129.47|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.02|
|Expense Ratio (net)||0.40%|
Newmont Mining's Q4 Results Beat Estimates, Stock RisesNewmont Mining’s fourth-quarter results Newmont Mining (NEM) reported its fourth-quarter earnings results before the market opened on February 21. The company reported EPS of $0.40, which
Gold prices were rising again as scared investors seek refuge from paltry bonds yields. The top catalyst for the bounce in bullion prices is the change in tack by the Federal Reserve. Whereas a few months ago investors generally expected multiple increases in the cost of borrowing during 2019, that's now changed and it is even possible that the Fed could cut interest rates later this year if the economy looks weak enough to warrant such a change.
What’s in the Cards for Newmont Mining’s Q4 Results?Newmont Mining’s earnings Newmont Mining (NEM) is scheduled to release its Q4 2018 earnings on February 21 before the market opens. The company will hold a conference call the same day at
5 of Top 10 Income Growth Cities Are Right Near Alphabet, Apple Headquarters Median income growth in San Francisco over the last 5 years has been over 30%. In Fremont it’s 23%, and in Oakland 22%. Those are the top 3 cities for median income growth in the United States, and they are all in […]The post Market Morning: Incomes Explode Near Google, Apple; Fed Minutes Nailbiter, Ford Reshuffle, Gold Jumps appeared first on Market Exclusive.
Investors are back from a three-day weekend and apparently, they're feeling bullish. U.S. stocks are up modestly on Tuesday, likely on the fact that we didn't get any significant negative news over the weekend. The key now will be to see how they trade throughout the week. Thankfully, we have some top stock trades setting up nicely. Apple (AAPL) Click to EnlargeLet's start with one of Wall Street's biggest: Apple (NASDAQ:AAPL). The tech giant has seen its stock rebounding since it reported earnings a few weeks ago. Negative iPhone stories and news that Warren Buffett lightened up (albeit barely) on his Apple position haven't been enough to knock this one down.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat bodes well for bulls when a stock holds up despite negative headlines. In any regard, we have some super tight consolidation in this name. It increases the odds for a big move, although that can go in both directions. * The 10 Best Cheap Stocks to Buy Right Now Should shares break down, I would look for $165 to step in as support. Not only is uptrend support (purple line) in play, but so is the 50-day. On the upside, I'm looking for a breakout over the $172 area, sending AAPL to $175 and perhaps $185. Weight Watchers (WTW) Click to EnlargeA JPMorgan downgrade dinged Weight Watchers (NASDAQ:WTW) on Tuesday, but the stock is doing a heck of a job rallying off the lows. Still, bulls ought to be careful. This one is in as clear a downtrend as I've ever seen.Until WTW can pierce through the 21-day moving average and get over downtrend resistance (black line), it will remain a no-touch for me. At least from the long side. Rallying off the lows is promising, but keep in mind that WTW made new 52-week lows this morning. Facebook (FB) Click to EnlargeShares of Facebook (NASDAQ:FB) are pulling back after the stock's powerful post-earnings rally in late-January. The stock nearly hit the 21-day moving average, an area that is now likely support given the recent bullish action in the name.Further, uptrend support (blue line) should help buoy the name provided the market does not come under significant pressure this week. Should it hold, we could see FB stock rally back to its post-earnings highs near $172. * 10 Small-Cap ETFs That Pack a Wallop Below $157.50 though, and $147.50 to $150 becomes more likely. Intercept Pharmaceuticals (ICPT) Click to EnlargeShares of Intercept Pharmaceuticals (NASDAQ:ICPT) are somewhat of a mixed bag on Tuesday -- at least from a technical standpoint. While shares are up almost 7% on the day following positive Phase 3 clinical trial results, they are well off the session highs.The $130 level is clearly acting as resistance, as ICPT briefly pierced this mark and then pulled back aggressively. It would be very constructive for ICPT to hold up over the $110 level. While testing that mark would mean a break below the 21-day moving average -- which is acting as support on Tuesday -- it would mean that uptrend support and the 50-day moving average are still intact as support.So long as ICPT is over the 50-day, I like its chances of retesting $130. Below and the 200-day moving average is possible. Gold (GLD) Click to EnlargeThe SPDR Gold ETF (NYSEARCA:GLD) is jumping on Tuesday, climbing more than 1.4% on the day. The rally is launching the GLD ETF to new multi-month highs.The move over $123 in January has ignited a bevy of buying, particularly once this notable level began serving as support earlier this month. With uptrend support (albeit a bit steep now) and the 21-day moving average also acting as support, GLD looks good to challenge resistance near $128 to $130. * 7 Quant Funds That Could Outperform Broader Markets Given that the RSI is already over 70, I expect this level to act as resistance on GLD's first test -- provided that it can get there in the first place. Consolidating and/or pulling back wouldn't be bearish and would give GLD another shot at a big-time breakout. Below $123 though and that tone changes dramatically.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, he was long AAPL. Compare Brokers The post 5 Top Stock Trades for Wednesday: Apple, Facebook and Gold appeared first on InvestorPlace.
Technically speaking, the major U.S. benchmarks continue to grind higher amid persistently bullish, and increasingly consequential, February price action, writes Michael Ashbaugh.
Honda Is Shipping Out of the UK Honda (NYSE:HMC) is packing up and closing its Swindon factory by 2022, insisting that it has nothing to do with Brexit. The fact that it’s closing in 2022 and not, like, right now before Brexit takes place illustrates that Honda was probably looking for an excuse to get […]The post Market Morning: Honda Flees UK, Trump Sued, Metals Fly, JPMorgan Goes Crypto appeared first on Market Exclusive.
Yamana Gold: What's in the Cards for Q4 2018 Results?Yamana Gold’s performance Yamana Gold (AUY) stock has outperformed its peers (GDX) year-to-date. Until February 12, the stock has gained 12.5% against Agnico Eagle Mines’ (AEM), Kinross
To receive further updates on this SPDR Gold Shares (NYSEARCA:GLD) trade as well as an alert when it's time to take profits, sign up for a risk-free trial of Maximum Options today.This morning I am recommending a bullish trade on SPDR Gold Shares (NYSEARCA:GLD). I've recommended trades on GLD when the economy looks like it is struggling before, and I think now is another good chance for traders to look to precious metals and commodities.Many economies across Europe and Asia are on the decline. The economy in the United States is still prospering, but eventually the situation for the broader world economy is going to begin to weigh on the U.S.InvestorPlace - Stock Market News, Stock Advice & Trading Tips GLD Benefits from Fear About Global GrowthWhenever the economy stalls, commodities like gold are a good place for investors to turn. As the value of currencies falls-like the U.S. dollar-the price of gold and other precious metals usually goes up.With continued concerns about U.S.-China trade and slowing earnings growth, my outlook is cautious. The U.S. dollar stalled last week on concerns about trade and another potential government shutdown. Global growth is lean, and a shutdown would only add to the concerns investors have after the European Commission downgraded its economic forecast for the European Union economy.The European Commission decreased its expected growth rate from 1.9% to a rate of only 1.3%. The outlook for Italy was particularly worrisome, as the 2019 expected growth rate was slashed an entire percentage point -- from 1.2% to just 0.2%.My personal projection is that the EU will fall into a recession sometime this year, if it isn't in one already. At a time of global recession, precious metals are a good place for investors to seek safety. Upward ChannelGLD started to rally in early December, and it has been in a well-defined upward channel since. The stock hit some resistance at the $125 level, and dropped below $123. The $123 level has acted as both support and resistance for GLD in the past, and if it can rise above $123 this week, GLD could continue rising.Daily Chart of SPDR Gold Shares (GLD) -- Chart Source: TradingViewThis morning's recommendation is a cheap way to add precious metals to our portfolio, and the recent downturn in GLD gives us a great entry point before it heads higher.Using a spread order, buy to open 1 GLD March 22nd $125 call and sell to open 2 GLD March 22nd $128 calls for a net debit of about $0.20. Note: There are several March expirations available for GLD options. Be sure you are opening the weekly options that expire on Friday, March 22, 2019.A ratio debit spread is simply a way to lower the cost of buying options, as the two options that you sell to open (short) help offset the cost of the option that you buy to open. Therefore, this ratio call debit spread is a way to lower the cost of establishing a bullish call option trade. Many brokers will require the use of margin and/or a set amount of reserved capital to execute a ratio debit spread; contact your broker directly for specific requirements.Because you are short a naked call in this ratio call debit spread, one risk is that the underlying stock could unexpectedly move up sharply. If that happens, we would need to buy back to cover and close the naked call option for a loss.The other risk due to the naked call is if the stock moves up sharply the call could be assigned. This means that for every 1 call option we sold to open (shorted), we would need to buy 100 GLD shares on the open market at an unknown higher price and then sell the shares at the $128 strike price for a loss. So, this is inherently a higher risk play. Keep your positions small.Follow our Facebook page to receive each Trade of the Day direct to your News Feed -- and join the conversation.Ken Trester is editor of the popular Maximum Options program. Trester has been trading options since the first exchanges opened in 1973 with a winning streak that goes back to 1984 with money-doubling average annual profits since 1990.Compare Brokers The post Now is the Time to Take a Position in GLD appeared first on InvestorPlace.
Strong Case for Gold over Bonds and Stocks? Bernstein Thinks SoGold’s gains Gold’s price (GLD) saw its fourth consecutive positive monthly return in January. It rose ~3% in the month after its rise of 4.9% in December. The major driver of
What to Look For in Barrick Gold’s Q4 Earnings(Continued from Prior Part)Critical asset reviewAfter the announcement of the merger, Barrick Gold (GOLD) and Randgold Resources stressed that the merger is a step towards improving shareholder
While accessories, dresses, gadgets and flowers are popular gifts for this day, gifting an ETF could be a great idea for money is honey, after all!
Digging into Gold Miners' Performances ahead of Their Q4 Results(Continued from Prior Part)Analysts’ forecasts Analysts estimates for gold miners’ (GDX) revenues can give us a good idea about their gold price (GLD) outlooks as well as their
Digging into Gold Miners' Performances ahead of Their Q4 ResultsGold versus gold mining companies Gold’s price has risen 2.2% YTD (year-to-date) after falling ~1.9% in 2018. Gold (GLD) saw its fourth consecutive positive monthly return in
Do These Factors Point to a Strong Start for Gold in 2019?(Continued from Prior Part)Central bank buyingWe discussed in the previous article that central bank buying supported gold demand (GLD) in 2018. In this article, we’ll see if this can drive
Gold futures post a second straight session decline on Monday, in part as a leading dollar index gains, though bullish analysts consider the action simply a pause in gold’s recent climb.
Do These Factors Point to a Strong Start for Gold in 2019?Gold’s fourth positive monthGold’s price (GLD) saw its fourth consecutive positive monthly return in January. It rose ~3% after December’s rise of 4.9%. The major driver of gold’s
Gold futures decline on Friday following a key reading of U.S. jobs that came in better than expected and data that revealed a monthly rebound in the ISM manufacturing index.