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The Channel

  1. BIS’ Activity In Gold Market Continues...

    about 6 hours ago
    Silver Doctors
  2. BLAZING FAST: Global Debt With...

    about 8 hours ago
    Silver Doctors
  3. Sunday Night Futures

    about 8 hours ago
    Calculated Risk
  4. Fly Intel: Top five weekend stock...

    about 10 hours ago
    The Fly
  5. Bitcoin Goes Fibonacci to Fibonacci...

    about 11 hours ago
    Wall Street Examiner
  6. Box Office Battle: 'Toy Story 4' wins...

    about 11 hours ago
    The Fly
  7. The Human Cost of "Recovery": We’re...

    about 11 hours ago
    Wall Street Examiner
  8. Harvey Organ: Is The COMEX Running Out...

    about 13 hours ago
    Silver Doctors

Trade Idea of the Day Presented by: iSpyETF

Gold Update

Gold has been on fire! Up almost 10% over the past month. I would be more thrilled about gold’s run if it hit my down side target first. The March 3 Profit Radar Report featured this longer term projection for gold (yellow lines, chart below). Barron’s rates iSPYETF as “trader with a good track... Read More

Comments on May Existing Home Sales

Earlier: NAR: Existing-Home Sales Increased to 5.34 million in MayA few key points:1) The key for housing - and the overall economy - is new home sales, single family housing starts and overall residential investment. Overall, this is still a somewhat reasonable level for existing home sales single family housing starts and overall residential investment. Overall, this is still a somewhat reasonable level for existing home sales. No worries. 2) Inventory is still low, but was up 2.7% year-over-year (YoY) in May. This was the tenth consecutive month with a year-over-year increase in inventory, although the YoY increase was fairly small in May. Year-to-date sales are down about 3.3% compared to the same period in 2018. On an annual basis, that would put sales around 5.15 million in 2019.  Sales slumped at the end of 2018 and in...

Baird boosts Tesla target to $355 from $340 ahead of delivery release

Baird analyst Ben Kallo raised his price target for Tesla to $355 from $340 and reiterates an Outperform rating on the shares. Consensus expectations "have overshot to the negative," creating a favorable share setup for the remainder of the year, Kallo tells investors in a research note. The analyst sees "several catalysts" which could drive Tesla shares higher, beginning with the upcoming delivery release. Further, Kallo has noticed "bear arguments have preemptively shifted from demand to profitability." A "solid" Q2 delivery announcement could set up a positive cash flow quarter and set the stage for share appreciation in the second half of 2019, contends the analyst. He expects Tesla will release Q2 delivery numbers on or before...

Apple, in letter to Lighthizer, urges U.S. not to impose additional tariffs

Apple said in a letter to United States Trade Representative Robert Lighthizer, "Thank you for this opportunity to comment on USTR's proposal to impose tariffs up to twenty-five percent duty on a fourth set of products imported from China. The proposed tariff list covers all of Apple's major products, including iPhone, iPad, Mac, AirPods, and AppleTV, as well as the parts and batteries used to repair products in the United States. The proposed tariffs also cover accessories that Apple makes for these devices, such as monitors and keyboards... We urge the U.S. Government not to impose tariffs on these products....U.S. tariffs on Apple's products would result in a reduction of Apple's U.S. economic contribution. U.S. tariffs would also weigh on Apple's global competitiveness. The Chinese producers we...

MGA calls off Mattel merger talks, says 'too much mess to clean up'

MGA Entertainment CEO Isaac Larian, released an update regarding news of the second offer to merge with Mattel, as reported last week. Stated Larian, "With close to $4 billion in debt at an average interest rate of 6.58 percent (as of March 2019), a staggering 42 percent in operating expenses, and a major legal liability for having sold a faulty Fisher Price Rock 'n Play Sleeper for years even as multiple baby fatalities occurred, there is simply too much mess to clean up at Mattel. It is my opinion that Mattel cannot be salvaged at this point and most certainly not under the current, hostile board and management. As such, after considering the disastrous financial details of Mattel, and the direction its board and management are pursuing, I think, at this...

Stocks Take Breather from Rally Ahead of Fed Word

Stocks were little changed on Wednesday, putting the breaks on a month-long rally, as investors waited for the Federal Reserve’s latest decision on monetary policy. The Dow Jones Industrial Average gained 60.25 points to 26,525.79, The S&P 500 edged up 0.27 points at 2,918.02. The NASDAQ Composite forfeited 7.84 points to 7,946.04. Oracle and Winnebago Industries are among the companies declaring earnings Wednesday Expectations of lower rates helped the market rebound this month after a torrid performance in May. The S&P 500, Dow and NASDAQ were all up at least 6% in June entering Wednesday’s session. The Fed is scheduled to deliver its decision at 2 p.m. ET. The central bank is not expected to make any changes policy, but investors will look for clues on whether the...

Apple announces partnership with Best Buy for expanded repair service

Apple (AAPL) announced the completion of "a major expansion" of its Apple authorized service network. "With nearly 1,000 Best Buy (BBY) stores across the US now providing expert service and repairs for Apple products, customers have even easier and more convenient access to safe and reliable repairs...By expanding to every Best Buy store across the US, customers in cities including Yuma, Arizona; Sioux City, Iowa; Twin Falls, Idaho; Casper, Wyoming and Bismarck, North Dakota will have more convenient access to Apple repairs. Plus, Best Buy's Geek Squad has nearly 7,600 newly Apple-certified technicians ready to make same-day iPhone repairs or to service other Apple products," the company stated in a press release posted...

Siemens Gas and Power to cut 2,700 jobs worldwide

Siemens informed its employee representatives about further planned measures for strengthening the productivity and competitiveness of Siemens' Gas and Power Operating Company for the long term. "Our new Gas and Power Operating Company setup has created synergies that better enable our company to deliver competitive performance in the midst of structural change in our industry. The planned measures will help us create more opportunity for growth and the security that comes from being a competitive player in the energy market," said Lisa Davis, member of the Managing Board of Siemens AG and CEO of Gas and Power. At its Capital Market Day on May 8, Siemens announced that, against the backdrop of a challenging market environment, GP will - in addition...

Fly Intel: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Bank of America (BAC) upgraded to Outperform from Market Perform at BMO Capital with analyst James Fotheringham expecting upward consensus estimates revisions and a "multiple re-rating" to drive 34% total return in the shares. 2. SunPower (SPWR), SunRun (RUN) upgraded to Buy from Neutral as SolarEdge (SEDG) upgraded to Neutral from Sell at Goldman Sachs with analyst Brian Lee anticipating "volume tailwinds" in the second half of 2019 given the recent signs of strength in the sector's financing environment. 3. CNH Industrial (CNHI) upgraded to Hold from Sell at Deutsche Bank with analyst Chad Dillard saying he's turning positive on North America large agriculture. 4. U.S. Cellular (USM)...

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