Commodities Weekly Wrap-Up – Friday, Nov. 17
Eric Sprott returns this week to discuss gold, silver and the prospects for the mining shares into year end. Audio Length: 00:10:54
Snap Tumbles As Competitors Become Too Big To Handle
Social messaging service Snap (NYSE: SNAP) continues to flounder. The company had listed on the NYSE in March this year amid much speculation. Snap listed when its business model was yet to prove successful – it was not only missing profits but was also failing to deliver growth in other metrics. Recently reported quarterly results are […]
Oil Pauses Ahead Of Next OPEC Meeting
Oversupply in the oil market continues to dominate the longer term picture, and despite the recent rally in crude oil, statements from Saudi Arabia’s energy minister have reinforced this picture, with his comments that the market is likely to remain oversupplied until March 2018. This comes ahead of the next OPEC meeting scheduled for the […]
The New US-Chinese Globalization Opportunity
While US postwar policies in Asia are shifting, a new Sino-US historical opportunity has emerged. US and Chinese visions of globalization could still prove complementary. President Trump’s grueling 12-day Asia tour took place amid a worrisome historical moment. Since the mid-2010s, global economic integration – as measured by trade, investment and migration – has come […]
As Bitcoin Nears $8000, American Investors Plan To ‘HODL’ Until It Hits $196,000
Overnight we saw the price of Bitcoin surge to $7997 following Zimbabwe chaos and defaults in Venezuela, rebounding from ‘the world is ending’ $5555 last weekend. However, if American investors are to be believed, the cryptocurrency has a long way to go before they are selling… As CoinTelegraph reports, a new survey among Americans indicates that the average […]
‘Tis The Season To Be Bullish
We are just a week away from Thanksgiving and then the holiday season really kicks into high gear. While many headlines warn of overvaluation and Grinch predictions of market pullbacks, we remain bullish. Since last summer, we have been beating the drum on strong global earnings driving stock markets higher and higher. Nothing has stopped the above trend profit growth […]
Wells Fargo Announces Dismissal Of Head Of Consumer Lending Franklin Codel
Wells Fargo & Company announced that Franklin Codel, a senior executive vice president and head of its Consumer Lending organization, has been dismissed from the company, effective immediately. The company said the dismissal was the result of Codel’s acting in a manner that was contrary to the company’s policies and expectations of its senior leaders […]
Gap (GPS) Stock Up On Q3 Earnings & Sales Beat, Raises View
Shares of Gap Inc. GPS were up 7.7% Thursday in after-hours trading as the company raised its fiscal 2017 outlook following the better-than-expected third-quarter results. This was the company’s third straight quarter of positive earnings surprise while it recorded sixth consecutive sales beat. Also, comparable store sales (comps) reflected strength for the fourth quarter owing to continued momentum […]
Morning Call For Friday, Nov. 17
OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 -0.06%) this morning are down 0.06% on concern Special Counsel Mueller’s criminal investigation between Trump campaign officials and Russia is deepening. Two people familiar with the matter said officials with Trumps’ election campaign were served subpoenas in mid-October for documents related to any contacts they had with […]
New Residential Building Permits: Up Again In October
The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for October new residential building permits. The latest reading of 1.297M was an increase from 1.225M in September and above the Investing.com forecast of 1.247M. Here is the opening of this morning’s monthly report: Building Permits Privately-owned housing units authorized […]
