Where Next For Gold After Such A Bright Start?
The MT5 daily gold chart continues to look increasingly weak, and even more so after yesterday’s price action which has followed through in early trading today, with the precious metal now looking set to test the key $1300 per ounce price point. For gold bugs, the start of the year promised much with gold rising […]
Uber And Lyft Are Begging Government For A Monopoly On Self-Driving Cars
From free-market upstarts to incumbent cronies? It’s only a matter of time before American roads are filled with self-driving cars. In fact, it is quite likely that within the next decade or so, all the vehicles we see on the road will be self-driving, making the cars of today a thing of the past. Already, […]
Crude Oil – It Smells Like… Profits
Although oil bulls pushed black gold higher after yesterday market’s open, their triumph was very short-lived. Looking at the daily chart, it even tempts to say that their rally took place on an empty tank. Why? Because thanks to yesterday’s decline oil bears not only made short positions more profitable but also gained next pieces […]
The Big Four Economic Indicators: Real Personal Income In January
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method. There is, however, a general belief that there are four big indicators that the committee weighs […]
Strong Month For Ford Truck Sales
Overall February sales from Ford came in slightly weaker than expected for February, but it was a pretty strong month for sales of Ford F-series trucks. Trucks are not only higher margin, but they are often purchased by small businesses and contractors so they provide a good read on the health of the small business sector. […]
Herbalife Ltd. Shares Soar After Ackman Exits Bet Against Herbalife
Herbalife Ltd. (NYSE: HLF) Shares of Herbalife Ltd. soar more than 7% in trading Wednesday after a news that billionaire hedge-fund activist Bill Ackman had exited a massive gamble that the nutritional-supplement maker would fall to zero. The share price moved up as much as 8.6%, or by $7.44, to $94.25 during trading. Ackman made […]
3 Strong Buy Hartford Mutual Funds To Buy
The Hartford Financial Services Group, Inc. (HIG) was founded in 1810 and is recognized as a renowned insurance company in the United States. The company believes that “human-centric investing can create solutions and advisor tools that not only strengthen bottom lines but strengthen advisor-client relationships by helping investors better realize their true life goals.” Hartford […]
February 2018 Initial Unemployment Claims Rolling Averages Continue To Improve
Hurricanes continue to impact claims taking procedures in the Virgin Islands and Puerto Rico. The market expectations for weekly initial unemployment claims (from Bloomberg/Econoday) were 226 K to 240 K (consensus 230,000), and the Department of Labor reported 210,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors […]
Kohl’s (KSS) Q4 Earnings & Sales Increase Y/Y, Stock Gains
Kohl’s Corporation KSS posted fourth-quarter fiscal 2017 results and both the top and the bottom line improved year over year topping the Zacks Consensus Estimate. While this marked Kohl’s third consecutive sales beat, earnings reverted to the positive surprise track after delivering a miss in the previous quarter. Notably, shares of the company were up approximately 4% […]
A Big Move Brewing In The Silver Price In 2018
Silver price is trading in a tight range as we start 2018, and the range is getting tighter which makes it hard to forecast the next move. However, this is a good thing because we are almost at the tip of triangle and Silver will choose its next direction very soon. Our article today will cover […]
