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JP Morgan Raises Silver Target To $34

JP Morgan Raises Silver Target To $34

Image Source: Pixabay Gold and silver have sold off over the past week. But while that’s happened, JP Morgan has just published a new report recommending to buy the metals on the dip.JP Morgan has targets of $2,600 for gold and $34 for silver by 2025. And of course, they are just one of the many […]
High Dividend 50: Franklin Resources, Inc.

High Dividend 50: Franklin Resources, Inc.

High-yield stocks pay out dividends that are significantly more than market average dividends. For example, the S&P 500’s current yield is only ~1.2%.High-yield stocks can be very helpful to shore up income after retirement. A $120,000 investment in stocks with an average dividend yield of 5% creates an average of $500 a month in dividends.Next on […]
Here Is What Wall Street Is Saying About Micron Ahead Of Earnings

Here Is What Wall Street Is Saying About Micron Ahead Of Earnings

Image Source: Unsplash Micron Technology (MU) is scheduled to report results of its fiscal third quarter after the market closes on Wednesday, June 26, with a conference call scheduled for 4:30 pm ET. What to watch for: GUIDANCE: Along with its last report, Micron guided for Q3 earnings per share of 38c-52c on revenue of $6.4B-$6.8B. At the time, […]
New Home Sales Decline Over 11 Percent After Big Upward Revision

New Home Sales Decline Over 11 Percent After Big Upward Revision

New Home Sales from Census Department, chart by MishLast month I reported New Home Sales Sink 4.7 Percent on Top of Huge Negative RevisionsThis month we see a big upward revision to May from 634,000 to 698,000 coupled with an 11.3 percent dive from the revision.New Residential ConstructionToday, the Census Department released a third consecutive heavily […]
US government transfers 4,000 BTC to Coinbase

US government transfers 4,000 BTC to Coinbase

Key Insights The US government controls a Bitcoin wallet from the Silk Road seizure. The government’s Bitcoin assets are currently valued at approximately $13.3 billion. A crypto wallet known to be controlled by the US government recently transferred around 3,940 Bitcoin (BTC), worth around $241 million to Coinbase, according to data from Arkham Intelligence. The […]
Grains Report – Wednesday, June 26

Grains Report – Wednesday, June 26

WHEAT General Comments: Wheat was lower in all three markets again yesterday on reports of cheaper prices offered from Russia and as the US harvest expands and even as adverse world growing conditions are still around. Many were also looking ahead to the USDA reports on Friday that are expected to be bearish. There are […]
What Volkswagen Group’s $5 Billion Lifeline Means For RIVN Stock

What Volkswagen Group’s $5 Billion Lifeline Means For RIVN Stock

Image courtesy of 123rf.com After Rivian Automotive (Nasdaq: RIVN) announced a strategic partnership with Volkswagen Group worth up to $5 billion, RIVN stock rapidly rose to its February levels. Now at $15.67, RIVN shares nearly doubled its value from the 52-week bottom of $8.26 per share. Legacy German carmaker Volkswagen Group will join forces in developing new-gen software for […]
Duel Weather Threats & Bushels Per Acre. The Corn & Ethanol Report

Duel Weather Threats & Bushels Per Acre. The Corn & Ethanol Report

We kicked off the day with MBA 30-Year Mortgage Rate, MBA Mortgage Applications, MBA Mortgage Market Index, MBA Mortgage Refinance Index, and MBA Purchased Index at 6:00 A.M., New Home Sales and New Home Sales MoM at 9:00 A.M., EIA Energy Stocks at 9:30 A.M., 17-Week Bill Auction and 2-Year FRN Auction at 12:00 P.M., […]
China Struggles

China Struggles

Nowadays, it doesn’t surprise anyone to see Chinese stocks underperforming as the country’s stock market has been mired in a long and steady downtrend for several years. Back in February, there was a brief respite from the selling as the Shanghai Composite bounced just over 20% through May. While Chinese stocks met the technical threshold […]
New Home Sales And Prices Continue Range-Bound In May

New Home Sales And Prices Continue Range-Bound In May

We finished housing data for the month with this morning’s report on new single-family home sales and prices. As I usually point out, new home sales are the most leading of the housing construction metrics, but they are noisy and heavily revised. That was true again in May. Sales (blue in the second graph below) declined -11.3% […]