|Bid||16.76 x 800|
|Ask||16.77 x 1000|
|Day's Range||16.60 - 16.84|
|52 Week Range||13.11 - 18.35|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||-0.02|
|Expense Ratio (net)||0.50%|
Gold is rare and people love it, so its price should always go up, right? But SPDR Gold Shares (NYSEARCA:GLD) has had an extended run that should slowly start to become less intense. So today's trade is GLD stock. The argument is not that it rose too much, because it still trails the S&P 500 year-to-date. The problem is that with the steepness of its wedge, its chart is vulnerable to dips.Source: Shutterstock This is nothing personal against the shiny metal, but nothing goes up in a straight line forever -- although the recent run in GLD, iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) and iShares Silver Trust (NYSEARCA:SLV) was insane. Global investors chased those three up partly as a safe haven trade from geopolitical risk, and also because of the popular TINA acronym.Consensus is that there "there is no alternative" to buying U.S. Treasurys when global bonds yield negative rates. Not many are willing to buy investment vehicles that advertise guaranteed losses. So they buy U.S. bonds, gold and silver instead. This means GLD came along for the ride.InvestorPlace - Stock Market News, Stock Advice & Trading Tips There is Danger in Those Golden GLD Charts.There is no way I can quantify the value of gold. The stuff is in high demand and people love it. The only reason it has any value is because we say so. Furthermore, it is hard to extract and getting even rarer. Clearly the price should go up indefinitely.But the modern Wall Street is more predictable than in the past. These days machines do most of the trading, so the chart technicals have a lot of say. As bullish as gold story's is, GLD stock should correct. I am not calling for a complete collapse, but there are levels that need revisiting before any rally can proceed. * 7 Discount Retail Stocks to Buy for a Recession During the 2011 rally, experts called for gold prices to hit $2,200 per ounce. That marked the top and started a four-year correction. Furthermore, this rally merely brings gold to about the 50% retracement level of that correction. While I don't want to predict similar doom here, I expect GLD stock to revisit lower levels to build a better chart.Before you label me a perma-bear, I assure you that I prefer trading upside potential as it makes for happier and more positive attitudes. But the dip would give GLD the chance to build a better base for what ever future target it wants.A spike straight up leaves weak hands in control of GLD. So then at the sign of any trouble, the bulls become gutless and panic out of their positions. That is when trap doors open -- and the exit doors are never large enough to accommodate an orderly exit.In September, GLD stock corrected about 5% and is now is trying to shake it off. The short paid, but it is not yet clear that there is reason to stop shorting it here. If you are already short GLD, you can stay in it with proper stops. The Bottom Line on GLDFrom here, I expect GLD to head lower because it needs to retest $139 and $136 per share. This next statement will probably anger the gold bulls, but GLD stock should eventually fill the gap near $128 per share.In early June, the gold trade caught fire near $127. GLD rallied 16% from there with no retracement. Then September's dip came. There will be a fight between buyers and sellers near $140 for the control of the price action, so I expect a stall there.Next week is important for GLD. The Federal Reserve will make its decision on rates. If the Fed doesn't disappoint Wall Street then the markets will make new highs and it will be hard for gold bulls to maintain the rally. Conversely, if Fed Chairman Jerome Powell causes another equity market dip, then shorting GLD stock will be difficult.Since I can't control the headlines, I revert to charts to make decisions. The SPDR Gold Shares chart suggests that staying short here until the $140-zone fight ends is the right thing to do.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post Stay Short in SPDR Gold Shares ETF appeared first on InvestorPlace.
KRAKOW, Poland, Sept. 6, 2019 /PRNewswire/ -- Selvita (SLV.WA) today announced that the first patient enrolled in the Phase 1b study of company's selective CDK8 inhibitor, SEL120, has received the first dose. SEL120 is being initially investigated in the treatment of patients with acute myeloid leukemia (AML) or high-risk myelodysplastic syndrome (HR-MDS). This open-label, dose-escalation study is being conducted at multiple sites in the U.S. and evaluates the safety, tolerability and the preliminary activity of SEL120, as well as establishing a recommended dose for further clinical development.
Hong Kong's equities and its economy have been struggling over the past few months. If you thought trade tensions between the U.S. and China were high, those were nothing compared to what Hong Kong has been dealing with. Apparently -- and fortunately -- peace in Hong Kong goes a long way in the world, with global equities catching a nice boost. U.S. stocks enjoyed a solid session in the stock market today as well.The SPDR S&P 500 ETF (NYSEARCA:SPY) rose 1.1%, the SPDR Dow Jones Industrial Average (NYSEARCA:DIA) jumped 1% and PowerShares QQQ ETF (NASDAQ:QQQ) climbed 1.4%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAre we in the clear? First, Hong KongThe Hang Seng Index rallied 3.9% on the day -- its best day since 2011 -- after leader Carrie Lam withdrew the controversial extradition bill. The introduction of the bill ignited months of protests and billions around the globe watched the situation unfold. Those protests have intensified in recent weeks, causing many to wonder how it would conclude.Now we know, and that's one less thing to worry about. * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off Given the uncertainty that the global economy is in, it's surprising the U.S. and China haven't hammered out a trade deal. The Hong Kong situation seems to be under control and if the trade deal would just come through, investors and business leaders would breathe a sigh of relief.It would also allow everyone to get back to business as usual. And if China and the U.S. are healthy, then almost everyone else is healthy, too. Gold and SilverOn Tuesday we detailed the likeliness of another interest rate cut from the Federal Reserve later this month. The market is fully pricing a cut from the Fed, and that can be seen in more than just forecasts.What does that mean? For one, silver and gold prices have been erupting. The iShares Silver Trust (NYSEARCA:SLV) and the SPDR Gold Shares (NYSEARCA:GLD) both hit new 52-week highs on Wednesday. SLV isn't all that far away from new multi-year highs, while gold is hitting its highest levels since 2013.While both appear overbought in the short term, there are several catalysts pushing them higher. Worries over the economy and increasing uncertainty always gets the blood going for gold bugs. But so too does central bank easing. The Fed cutting interest rates weakens the dollar. Lower rates and a weakening dollar is good for commodities like silver and gold, so it's no surprise we're seeing new highs lately. Movers in the Stock Market TodayAmerican Eagle Outfitters (NYSE:AEO) fell nearly 12% on Wednesday to new 52-week lows despite beating on earnings and revenue estimates, while Coupa (NASDAQ:COUP) rose almost 9% to new highs after crushing estimates and providing robust guidance.Lumber Liquidators (NYSE:LL) closed well off its highs of the day, but still climbed 9% after news of a go-private bid surfaced. Shares were as high as 16% on the day, but were unable to hold onto those gains. The news shouldn't be a complete surprise, as the former CEO took an equity stake in the company last month.Tyson Foods (NYSE:TSN) was once a relative strength leader in this market. However, its 7.8% fall on Wednesday took it off the go-to list for many bulls. Shares slid after the company announced a reduction to its full-year guidance. Heard on the StreetWorld Wrestling Entertainment (NYSE:WWE) was initiated with an "outperform" rating at Evercore ISI. The analyst also assigned a $90 price target to WWE, implying about 30% upside from the prior close. The analyst says the company has a path to "unprecedented growth."Roku (NASDAQ:ROKU) already has a buy-equivalent rating from DA Davidson, but the analysts took it a step further. They raised their $135 to price target to a Street-high $180. Roku is one of InvestorPlace's Top Stock Trades, and after finishing the session near $169, Davidson's rather bullish upgrade only leaves about 6% upside.Activision Blizzard (NASDAQ:ATVI) climbed 4.8% on Wednesday after analysts at BMO Capital Markets upgraded the stock to "outperform." They also gave a big boost to their price target, raising it from $43 to $60. The new target implies over 12% upside despite Wednesday's rally.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 * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post Stock Market Today: Hong Kong Saves the Day appeared first on InvestorPlace.
Global equity markets were in a good mood on Wednesday. As tensions eased in Hong Kong, equities took flight. It leaves investors wondering if the markets can start to go higher or if the seasonally tough September will still cause some swoons. Let's look at a few top stock trades. Top Stock Trades for Tomorrow 1: RokuOne stock that hasn't felt any swoon? Roku (NASDAQ:ROKU). This name has rallied so much this year it's incredible. The stock is up almost 450% in 2019 and many are wondering when the rally will end.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat speculation likely only fuels the fire, but at some point it has to be true. * 10 Stocks to Buy for September Roku added another 8% at one point in Wednesday's session, surging to new all-time highs. The stock is now in nosebleed territory. I couldn't justify buying the name after this type of run, but that's easier to say after we've been pounding the table about Roku on InvestorPlace all year.On a pullback, ROKU may be worth a stab.Buyers stepped in at $130 last time. But when the stock is this hot, we just have to see where it ends up after it secures a high. Let's see if that comes this session, or in the next few. Top Stock Trades for Tomorrow 2: StarbucksRoku has been a relative strength machine, as has Starbucks (NASDAQ:SBUX). However, the latter was slipping in early Wednesday trading after the company's outlook disappointed investors.This one is interesting. On the plus side, investors bid up the name off its lows, which came on a near test of the 50-day moving average. On the downside, its ascending triangle pattern has failed to materialize.SBUX can still be friendly to longs, but will need to take out $97.50 on the upside. On the downside, watch the 50-day moving average and Wednesday's lows. Top Stock Trades for Tomorrow 3: LyftShares of Lyft (NASDAQ:LYFT) were all over the place on Wednesday, but in a good way. The stock opened higher on the day, but quickly took out Tuesday's low, making new 52-week lows.This was an excellent green-to-red trade, and one we were watching ahead of the open.However, LYFT then went positive on the day, giving investors an excellent two-way trade as it reversed higher. Nimble traders could short the green-to-red move and then buy the reversal.Investors who are long can use Wednesday's low as their stop and look for a rebound up toward $47.50, where it will find a notable level as well as channel resistance. Above it and a move to the 20-day moving average is possible. Top Stock Trades for Tomorrow 4: SilverThe iShares Silver Trust (NYSEARCA:SLV) ripped another 2% on Wednesday and while "ripped" may seem like an exaggerated description, consider the move over the past few weeks.Up eight of the last nine weeks, SLV has been a beast. Over $17.50 is significant, and opens the door to $18.90+. However, the ETF is quite overbought. That's not to say momentum can't continue, but it's something to consider for those looking at new positions.Those who are long may consider raising their stop losses. Top Stock Trades for Tomorrow 5: SquareDespite a bevy of upgrades, Square (NYSE:SQ) stock isn't trading all that well. The stock is now forming a series of lower highs (blue line), while support is noted at $60.Below $60 opens up the door to a decline down to $50, although buyers could step in before then too. * 7 Deeply Discounted Energy Stocks to Buy If SQ can push through downtrend resistance, the 20-day moving average is the first upside target, followed by the 200-day near $70.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell was long SBUX. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post 5 Top Stock Trades for Thursday: ROKU, SBUX, SLV, LYFT, SQ appeared first on InvestorPlace.
KRAKOW, Poland, Sept. 3, 2019 /PRNewswire/ -- Selvita (SLV.WA) a clinical stage company engaged in the research and development of novel cancer therapies as well as provision of drug discovery and development services, today announced that the Polish Financial Supervision Authority has approved the prospectus of Selvita CRO, a required step for the planned corporate split into two companies. One company will focus on the development of small molecule therapeutics in oncology and the other will provide contract research services.
KRAKOW , Poland , Sept. 3, 2019 /PRNewswire/ -- Selvita (WSE: SLV) today announced that Pawel Przewiezlikowski, Chief Executive Officer, will present at the following conferences in New York : Event: H.C. ...
August witnesses fluctuations in the US-China trade tensions, a gold surge, still-decent U.S. economic data points and maximum chances of a no-deal Brexit. These factors bring a few ETFs in focus.
While stock markets are in turmoil and homework is hostage to headlines, today I will discuss the opportunity inside three trend longs that could be a short. My picks today are the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT), SPDR Gold Shares (NYSEARCA:GLD), and iShares Silver Trust (NYSEARCA:SLV). Markets are near all-time highs and with so many risks, there are no shortage of stocks to short. But the bottom line is that there is too much love for my three stock choices.The two biggest nations are fighting an economic war, but the problem is that they're doing it in public over tweets and state media releases. So it is not surprising to see the whipsaw action in stocks. Needless to say, that homework means little when headlines hit. Global investors are connected electronically. As a result, the reactions are instantaneous and in unison. * 7 Stocks to Buy Down 10% in the Past Week Headlines rarely change the fundamentals and I do expect this to end. Meanwhile, the TLT, GLD and SLV stocks have run too far without proper check-back to build a base. That makes them vulnerable to fast falls.InvestorPlace - Stock Market News, Stock Advice & Trading Tips A Long That Could Be a Short: iShares 20+ Year Treasury Bond ETF (TLT)Source: Shutterstock Bonds have been on an incredible rally. This is partly due to the uncertainties in the stock markets as money runs for bond cover, so they bid TLT stock higher. Because of recent central bank actions, bond yields are also in free fall. Although the yields can go lower, I think the run in TLT stock is too extended and a pullback is likely. Don't label me a "bond hater," though, because this is mostly a play on the charts.Short-term, the risk for TLT stock is a drop to $145 per share. This has been a point of interest for the last three weeks, meaning the bulls and bears like to fight over it. It should provide some support if and when TLT goes there, but it may not hold. TLT stock would still be overextended and from there it could take another leg lower.U.S. Bond bull thesis is the acronym TINA -- there is no alternative. Virtually all overseas bonds are yielding negative rates. So anyone who wants to invest in bonds without a guaranteed loss is forced to buy U.S. bonds.What is missing from the media rhetoric is that TINA also works for stocks. Year-to-date the S&P 500 is up 15%. Meanwhile, the U.S. 30-year bond yields less than 2%. So eventually this trader infatuation with the TLT on Wall Street these days will come to an abrupt end.Technically, sharp wedges elevate the odds of a drop in TLT stock. No, I am not calling for a complete crash in bonds, but a correction is likely. So if I do have gains in them, I would lock some in. Moreover, it's worth adding a few TLT shorts up here. Shorting tickers naked creates unlimited potential losses and this is too risky for this purpose.Luckily I can short TLT stock using the options with relative safety. I can either sell call spreads above or buy put spreads below out into the October contracts. The September contracts would also work, but they would make for faster losses if I am wrong. This all depends on investor time frame and activity levels. SPDR Gold Shares (GLD)Source: Shutterstock Wall Street has a love-hate relationship with gold. The GLD stock usually runs in long stretches in either direction. Back in 2011 everybody loved the shiny stuff and GLD stock broke above $180 per share. But then it all came crashing down in a big way just when gold would go above $2200 an ounce.For the past few months, investors rekindled their love affair with gold and it is starting to feel like 2011 extreme levels. The bids for GLD stock are too strong. Part of it is justifiable, since gold is a safety trade and we have geopolitical headline havoc. When investors get nervous they sell stocks and hide in bonds and gold.After peaking in 2011, GLD stock fell 40%. Extreme love for it turned to hate quickly and this could happen again. GLD rallied 19% since May and it left many open gaps behind. It is likely that there are plenty of weak hands susceptible for a panic sell trigger.If for whatever reason GLD breaks the ascending trend line, then there will be a rush for the exits and the doors won't be wide enough to accommodate every seller. When things are going well for a ticker, investors tend to forget the risks.Why now? GLD stock is now at the 50% retracement level of the fall from 2011 grace. Thanks to Fibonacci we know that those are important levels. In this case, the zone is likely to be resistance especially that now machines trade according to mathematical rules more than ever.My bearish position on it now is nothing against the metal itself. Long-term gold should go higher because it is rare and people love it. My argument here is for the fact that short-term, investors in the GLD stock are complacent much like they are in TLT. * 7 Tech Industry Dividend Stocks for Growth and Income Both these bulls are too comfortable in their long positions and that's when accidents happen. Here too I can use GLD options to sell call spreads above and or buy put spreads below for the next two months. iShares Silver Trust (SLV)More so than gold and U.S. bonds, Wall Street has gone bonkers over silver. They can't have enough of the stuff and SLV stock is as high as it has been in ages. This is also an opportunity to short a trend line that is too comfortable this steep.Usually intra-day when the U.S. dollar spikes, metals like silver and gold pay attention. Yesterday, there wasn't even a flicker in the SLV stock as the U.S. dollar rallied. Complacency like this usually brings surprises. And in this case I bet that the SLV rally will end in a bad accident although for now it's a tough trade to short.Just like the other two opportunities, shorting the SLV stock for the next two months is also a viable thesis for the right portfolio. Someone who is very long stocks might want to skip this because these days this metal acts inversely correlated to stocks. Here too, using the options markets is the safest way to accomplish this with limited risk.Of the three, I favor the TLT or GLD stocks to short. I have had difficulties in the past when trading SLV stock. I found it to be less liquid than the other two, so fills and premium forecast were more difficult. My note today is perhaps more of a note to book profits in SLV longs than a strong short.Regardless which of the three stocks I short, conviction from the ideas today is at best medium. So, I would keep a short leash on any of these trades discussed today. To short TLT, GLD, or SLV stocks right here means that I am fighting the tape, so I cannot be too stubborn with it. I consider this a trading opportunity inside of three very steep wedges.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy Down 10% in the Past Week * 15 Retail Survivors to Buy for the Long Run * 7 Stocks That Wall Street Thinks Could Rise 50% Or More The post 3 Typical Safe Harbors to Short appeared first on InvestorPlace.
It was a bumpy session in the stock market today. United States equities put together a strong session on Monday and opened higher again on Tuesday. However, stocks slipped in afternoon trading, with each major U.S. index closing lower. The most concerning was the Russell 2000, which fell about 1.3%.Investors are still searching for direction, with many becoming unnerved in the fast action of the market. When you boil it down though, equities simply remain in a trading range.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNot in a channel? Precious metal.Gold and silver continue to press higher, with both metals making multi-year highs on Tuesday. Specifically, gold futures hit a six-year high, while silver prices hit their highest levels in more than two years.Given the macro environment right now, the momentum in the SPDR Gold Shares (NYSEARCA:GLD) and the iShares Silver Trust (NYSEARCA:SLV) is no surprise. Recession worries are climbing, sending investors scrambling for safe-haven assets. Further, with the Federal Reserve cutting interest rates, the dollar should be pressured. A weak dollar is good for commodities. Movers in the Stock Market TodayYesterday we reported on some rumblings about possible merger talks between Philip Morris (NYSE:PM) and Altria (NYSE:MO). On Tuesday, the former confirmed that it is indeed the case. The talks are reportedly for an all-stock deal, provided both shareholder bases support it. The tricky part may be getting regulators to approve it, though.After falling 4% on Monday, PM stock was down another 7.7% Tuesday. Altria initially jumped 8% on the news, but ended the day lower, down 4%. * 10 Companies Using AI to Grow BP (NYSE:BP) is up slightly, climbing 0.8% after selling its entire upstream and downstream business in Alaska. The company will sell the units -- as well as its interests in Prudhoe Bay and the Trans Alaska Pipeline -- to Hilcorp in a $5.6 billion deal. It's part of BP's effort to divest $10 billion worth of assets over the next two years.Snap (NYSE:SNAP) stock fell almost 4% on Tuesday, with word that Facebook (NASDAQ:FB) is building an Instagram companion app called Threads. The hope is that users will find Threads helpful in communicating among a close group of people, sharing video, texts and photos, among other things. While it's not out in the wild yet, investors fear (at least on Tuesday), that it could dent Snapchat's usage. Heard on the StreetThere were plenty of notable analyst actions on Tuesday.Analysts at SunTrust upped their price target on Chipotle Mexican Grill (NYSE:CMG). They bumped their target from $815 to $900, while maintaining a buy rating on the stock. It inspired investors to bid up CMG to new highs.Rosenblatt analysts upped their price target on Shopify (NYSE:SHOP) to a whopping $481. That's up big from the $395 target they assigned just a few months ago. The new Street-high target helped send SHOP stock to new all-time highs as well.Both hitting new highs on the day, it's no wonder SHOP and CMG both made the Top Stock Trades list.Wedbush analyst Michael Pachter has an outperform rating and a $9 price target on Zynga (NASDAQ:ZNGA). However, the analyst added the stock to his list of top picks, sending shares higher by more than 2% on Tuesday. Even after the rally, Pachter's target still implies more than 50% upside.Analysts at Craig-Hallum Capital upgraded Weight Watchers (NASDAQ:WW) to buy from hold, and the move helped kick-start a 1.9% rally in the share price as a result. The analyst also assigned a $35 price target, implying almost 20% upside from current levels.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell was long SHOP. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Companies Using AI to Grow * The 10 Biggest Winners From Second-Quarter Earnings * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post Stock Market Today: Gold, Silver Hit Multi-Year Highs appeared first on InvestorPlace.
Bullish chart patterns on a variety of precious metals suggest that this segment could be the one to watch over the final months of 2019.
After rallying at the start of the year, silver stocks and silver and exchange-traded funds (ETFs) spent months giving back those gains and badly lagging competing gold products. Historically, silver prices are strongly correlated with gold, so when bullion moves higher, expectations are in place that the white metal will follow suit. It took awhile for silver ETFs to get their respective acts together, but it happened.After putting in a bottom in June, the iShares Silver Trust (NYSEARCA:SLV), the largest ETF backed by physical holdings of silver, surged more than 11% just this month to reside near its highest levels in several years.While silver ETFs are more volatile than their gold counterpart, the two precious metals are often bolstered by the same factors, including geopolitical tensions, lower interest rates, investors' desire for safe-haven assets and a weaker dollar, among other factors.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGold and silver ETFs share another trait: miners tend to overshoot price action in those metals, both to the downside and the upside. That explains why investors that keep track of such things have been seeing so many silver ETFs on the 52-week high lists in recent weeks. * 15 Growth Stocks to Buy for the Long Haul Indeed, the white metal has rallied in epic fashion over the past two months, but these silver ETFs could have more upside in store for investors, particularly if the dollar declines. Silver ETFs to Buy: ETFMG Prime Junior Silver ETF (SILJ)Expense Ratio: 0.69% per year, or $69 annually per $10,000 investedThe ETFMG Prime Junior Silver ETF (NYSEARCA:SILJ) has been around for nearly seven years, making it one of the original silver ETFs dedicated to small-cap miners. While the combination of miners and small-cap stocks might suggest that SILJ is not a suitable alternative for conservative investors, with this silver ETF up nearly 23% this month, it's hard to knock it when silver prices are rising.SILJ holds 32 stocks "seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Prime Junior Silver Miners & Explorers Index," according to ETFMG.Canadian miners account for over two-thirds of SILJ's weight while U.S.-based silver producers check in at almost 17%. There is some emerging markets exposure (almost 16%) because Peru and Brazil are major silver producers. Global X Silver Miners ETF (SIL)Expense Ratio: 0.65%Home to nearly $450 million in assets under management, the Global X Silver Miners ETF (NYSEARCA:SIL) is one of the largest silver miners ETFs. When the white metal surges, this silver ETF is a high-fly act in its own right as highlighted by its month-to-date gain of almost 13%.A world awash with negative interest rates, central banks lowering borrowing costs and thirst for safe assets are among the factors boding well for silver ETFs, including SIL. But this fund is attractive for another reason: Silver's valuations relative to gold are appealing. * 7 Stocks the Insiders Are Buying on Sale "A common valuation metric to assess whether silver is undervalued relative to gold is the gold/silver ratio. A high ratio indicates silver could be undervalued," said Global X in a recent note. "Historically, since 1998, the gold/silver ratio has averaged a level of around 64. As shown in the chart below, although silver has rallied recently, the ratio remains well above historical levels at just below 90. This could be an indication that within the precious metals complex, silver may be more of a relative value play than gold." iShares MSCI Peru ETF (EPU)Expense Ratio: 0.59%Obviously, the iShares MSCI Peru ETF (NYSEARCA:EPU) is not a dedicated silver ETF, but it is the only ETF dedicated to stocks in one of the world's largest silver-producing countries. On that note, EPU has been a disappointment this year as it has traded mostly flat.EPU is more than a decade old, tracks the MSCI All Peru Capped Index and holds just 24 stocks. That roster size is reflective of the small size of Peru's equity market, but EPU does a more than adequate job of representing the commodity's intensive nature in Peru's economy, with a weight of more than 46% dedicated to materials stocks, including some silver miner stocks found in the fund's top 10 holdings.Peru's central bank recently cut interest rates, joining a slew of emerging markets that have done so, but that move was on the back of some weak economic data, indicating investors may want to wait for the numbers to firm up in Peru before embracing EPU. iShares MSCI Global Silver Miners ETF (SLVP)Expense Ratio: 0.39%As you've probably noticed, miners ETFs carry higher fees than typical sector and industry funds and many are pricier than standard commodities funds like SLV. I'm not saying the iShares MSCI Global Silver Miners ETF (CBOE:SLVP) is the best silver ETF, but at the very least, it is the cheapest silver miners ETF as highlighted by its annual fee of just 0.39%.SLVP tracks the MSCI ACWI Select Silver Miners Investable Market Index and is higher by nearly 26% year-to-date. The trade-off in getting this silver ETF's lower-by-comparison fee is concentration risk. This iShares fund allocates 23.23% of its weight to just one stock: Wheaton Precious Metals Group (NYSE:WPM). * 10 Medical Marijuana Stocks to Cure Your Portfolio That stock is up 41.12% year-to-date and looks poised for a technical breakout, but if the market sours on Wheaton, it will be next to impossible for SLVP to emerge unscathed. Aberdeen Standard Physical Silver Shares ETF (SIVR)Expense Ratio: 0.30%The Aberdeen Standard Physical Silver Shares ETF (NYSEARCA:SIVR) is not a miners fund. Rather, this silver ETF is backed by physical holdings of the white metal, meaning it is appropriate for long-term investors looking for some commodities exposure as a way of adding some diversity to equity and fixed income-heavy portfolios.SIVR's primary rival is the aforementioned SIL. While the iShares product is bigger, long-term investors should be seduced by size because SIVR is 20 basis points per year cheaper than SIL.Noting that commodities funds like SIL and SIVR do not pay interest or dividends, meaning that capital appreciation is the sole driver of investor outcomes, fees really make a difference here. This makes SIVR is the best silver ETF to buy for cost-conscious investors.As of this writing, Todd Shriber did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy for the Long Haul * 5 More Cloud Stocks With Plenty of Potential * 5 Clean Energy ETFs to Buy for 2019 The post 5 Silver ETFs That Will Keep Shining appeared first on InvestorPlace.
Hong Kong Continues Its Slide Into Chaos With Chinese Troops On The Border Hong Kong stocks (NYSEARCA:EWH) are sliding again, down 15% in a month, as a second mass protest in the Hong Kong airport is threatening to shut down all international flights again. There is worry now that we could see another Tiananmen Square-type […]The post Market Morning: Hong Kong Chaos, Rates Plummet, Gold Soars, Hybrid Lull, Uber Bleeds appeared first on Market Exclusive.
The U.S. stock market stepped back from the cliff’s edge with a key reversal Wednesday. Please click here for an annotated chart of iShares 20+ Year Treasury Bond ETF (TLT) For the sake of transparency, the second and third charts were previously published and no changes have been made.
It's been said there's always a bull market somewhere. But if you want to catch this type of trend as its emerging on the price chart, there may be no better spot than in silver. And the smarter way to capitalize on this cycle is buying leadership in silver stocks Wheaton Precious Metals (NYSE:WPM), Pan American Silver (NASDAQ:PAAS) and First Majestic Silver (NYSE:AG).Silver has earned a reputation as the proverbial ugly sister of gold. And in recent years that label has been rightfully earned. Performance wise, the iShares Gold Trust (NYSEARCA:GLD) recently broke above its key 2016 high. At the same time, the iShares Silver Trust (NYSEARCA:SLV) is about 23% below that year's high-water mark.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe under-performance doesn't stop there either. Right now GLD stock is also roughly 27% from its high in 2011 which immediately preceded a lengthy bear market for the precious metal. On the other hand, silver is off by 70%. And unlike gold, silver is still in the grips of this menacing force. * The 10 Best Stocks to Invest in for August Markets do however rotate through both bull and bear cycles. Some may take their time, but it's a universal truth. What's more, those winds of change are blowing for silver stocks following May's higher low pattern in the commodity and this month's breakout of downtrend resistance dating back to the 2016. And that's even better news for market-leading silver stocks WPM, PAAS and AG stock.But to position more smartly, it's time to locate entry points in these silver stocks which offer bullish exposure with less risk and stronger upside potential. Wheaton Precious Metals (WPM) Click to EnlargeWheaton Precious Metals is the first of our silver stocks to buy. WPM stock has displayed relative strength during all of 2019 and there's little reason to think this trend won't continue. After breaking out and subsequently successfully testing downtrend resistance dating back to 2016, WPM has continued to rally strongly to fresh relative highs.The provided weekly view of this silver stock does a good job of displaying WPM's technical wherewithal. However, a candle topping pattern and overbought situation suggests a pullback is likely and hence, buying into weakness is the strategy of choice.Put WPM stock on the radar for a pullback entry. Ideally, a decline in price will result in this silver stock moving into the area from $23 - $24.50 which has multiple layers of Fibonacci and trendline support. A price drop of this size should also neutralize today's overbought condition. I'd suggest using a confirmed weekly low in shares for exiting and taking initial profits as shares rally to challenge 2016's high. Pan American Silver (PAAS) Click to EnlargePan American is the second of our silver stocks. Unlike WPM, shares haven't broken out above trendline resistance. But PAAS stock is interesting as it displayed relative strength back in 2017 by challenging 2016's ubiquitous high when other silver stocks were sinking.Since that period of outperformance PAAS has put together a downward sloping channel. Shares are now stationed up against resistance. However, they've also broken above the 50% retracement level from the 2017 high. Given a bit of additional consolidation work and maybe a chance for its own overbought conditions to be worked off, this silver stock looks good to stage a meaningful breakout. * 6 Upcoming IPOs for August Buy this silver stock on a breakout. Maybe PAAS's overbought conditions will ease before a trigger, but sometimes overbought conditions beget more of the same. This looks like one of those situations. I'd recommend using the consolidation low or up to 10% for a stop-loss to contain downside exposure. On the upside, a challenge of PAAS stock's 2016 and 2017 highs near $21 for taking partial profits is suggested. First Majestic Sliver (AG) Click to EnlargeFirst Majestic Silver is the last of our silver stocks. In 2016, AG stock showed amazing technical leadership as shares blasted higher by nearly six-fold before crashing lower with silver and most other industry players. With AG stock I'm looking for a return of price momentum in 2019's second half.Currently shares of AG are testing the 2017 high which is aligned with the 38% retracement level from 2016's cycle peak. Similar to PAAS, I'm not expecting a deeper pullback pattern to emerge. It could happen, but for now I'd put this silver stock on the radar for purchase above the high formed last week.On the upside, I'd be aware of the $12.00 area as the 50% retracement level comes into play. However, with AG stock above its 2017 peak and the decline from 2016's high a swift price collapse, I'm anticipating resistance won't be any trouble until approximately $13.50 and the 62% level. That's where I'd look to take initial profits.For AG stock to stay on the watch list as a momentum-style breakout candidate, I'd like to see shares remain above $9.25. If this silver stock falters, the entry is off the table and waiting for a much deeper and oversold pullback to form would make sense.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy With Over 20% Upside From Current Levels * The 10 Best Stocks to Invest in for August * 6 Upcoming IPOs for August The post 3 Silver Stocks to Buy: WPM, AG and PAAS appeared first on InvestorPlace.
KRAKOW, Poland, July 25, 2019 /PRNewswire/ -- Selvita, S.A. (SLV.WA), a leading clinical stage drug discovery company committed to developing innovative medicines for treatment of patients with cancer, announced today the appointment of Setareh Shamsili, M.D., Ph.D., to the role of Chief Medical Officer. "Setareh's impressive track record advancing novel oncology compounds through clinical development will significantly strengthen Selvita's capabilities in moving our first clinical study forward in the U.S. with SEL120, our fully proprietary oral, selective inhibitor of CDK8 for the treatment of acute myeloid leukemia and myelodysplastic syndromes," commented Pawel Przewiezlikowski, Chief Executive Officer of Selvita.
U.S. stock indices were again quiet on Wednesday, as we begin to chip away at the tip of the earnings iceberg. We're mostly delving through the banks right now, but will have tech and other industries beginning soon. Let's look at a few top stock trades. Top Stock Trades for Tomorrow 1: Tesla Click to EnlargeTesla (NASDAQ:TSLA) stock has been moving favorably, working on its seventh straight week of gains. InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's getting into a very key area though, the $250 to $260 zone. This was prior range support for years, buoying Tesla stock on each test. Back in May, the stock plunged below this mark, rebounded the next week and failed to reclaim it. * 4 Retail Stocks to Buy in Time for the Back-to-School Rush This is all shown via the purple arrow on the chart and shows when an area shifts from support to resistance. Now back in this area, it's vital for TSLA stock to reclaim this range level in order to keep the rally alive. Those who bought Tesla sub-$200 as a trade may consider booking some profits here. Should shares push through, look for a rally up to the 200-week moving average, currently at $273. On a pullback, see that the 10-week holds as support. I wouldn't want to see Tesla below $240. Top Stock Trades for Tomorrow 2: Abbott Labs Click to EnlargeAbbott Labs (NYSE:ABT) hit new highs after the company reported earnings. However, the stock is not moving as robustly as one might have expected. I want to see ABT stock hold $85 on the downside and see if it can push up to channel resistance on the upside. Top Stock Trades for Tomorrow 3: Gold Click to EnlargeThe move has been years in the making, but the SPDR Gold ETF (NYSEARCA:GLD) is starting to make some waves. The iShares Silver Trust ETF (NYSEARCA:SLV) has been trading well too, but isn't putting together the kind of chart GLD is. Above is a long-term weekly chart. With GLD over the $128 to $130 area, it's in breakout mode. While shares are putting in a nice bull flag setup after a huge burst higher in June, we absolutely need to see prior resistance hold as support. A rate cut should help fuel a rally for gold, although the market is surely starting to price in such an event. Over $135.55 sends GLD even higher. A pullback to $130 or the 10-day moving average that holds as support may be a buy-the-dip opportunity. Top Stock Trades for Tomorrow 4: Invitae Click to EnlargeShares of Invitae (NASDAQ:NVTA) took off Wednesday, rallying up toward $24 at one point in the day. Citron Research said it had a position in the name and is using a $100 price target. We've been telling InvestorPlace readers for months that we love this name. Today's action came with perfect timing. On Twitter on Tuesday, we pointed out that NVTA stock broke below the 20-day moving average, but reclaimed this mark by the close. That was very constructive action, while Wednesday's action has been downright impressive. The action is similar to what we saw last month, where shares broke below the 20-day, reclaimed it in the same session, then went on a monster run over the next few days. I'm not sure that history repeats, but investors are hopeful that it will. Let's see if NVTA can push through $24 to $24.50. If it can, $26+ could be in the cards. Top Stock Trades for Tomorrow 5: Teva Pharmaceutical Click to EnlargeShares of Teva Pharmaceutical (NYSE:TEVA) are taking it on the chin. The stock is down 11% in just three days and more than 20% from its highs earlier this month. * 8 Penny Stocks That Have Fallen From Grace The stock hit new 52-week lows on the move and is threatening to fall below $8 support. Longs with a strong stomach can play against Wednesday's lows, but Teva has not been a great one to own. A break below $8 could accelerate the selling pressure. A rally could bring Teva back up to its 20-day moving average. Above that and $10 is possible. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long NVTA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 5 Top Stock Trades for Thursday: TSLA, GLD, ABT appeared first on InvestorPlace.
Perth Mint Physical Gold ETF (AAAU) launched on the NYSE this week. Richard Hayes, the Perth Mint CEO, joins Seana Smith on 'The Ticker' to discuss the investment opportunities in gold.