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AT&T is currently in 'advanced' discussions to combine several media assets into a giant portfolio, which would include beleaguered CNN and Discovery. The move would mark a major shift in strategy for...
Signs Of A Fake-Out Rally?
Today 15:26 EDT
Last week, I said that a new short-term uptrend had started on Friday, May 7, but that was a bad call. However, a week later on Friday, May 14, a new short-term uptrend has started. In other words,...
USD/CAD Forecast May 17-21 – Canadian CPI, Retail Sales Next
Today 15:10 EDT
The Canadian dollar posted small gains last week, as USD/CAD ended the week just above the 1.21 level. There are six economic releases in the upcoming week. Here is an outlook for the highlights and an...
This Airline ETF Looks Bullish Going Into The Week
Today 14:58 EDT
Traders hoping to catch a larger move in the airline sector could watch the U.S. Global Jets ETF. If there’s continued momentum in individual airlines this week, JETS could offer a way to play it.
For investors seeking to benefit from the rising price of Bitcoin, cryptocurrency stocks Silvergate Capital (SI) and Marathon Digital Holdings (MARA) may be just the ticket. The two stocks have...
The Week In SPAC News - Sunday, May 16
Today 14:44 EDT
In SPAC news this week, Wynn Resorts said it is merging its online betting platform Wynn Interactive with a special purpose acquisition company to create an independent public company.
Is The Correction Complete?
Today 14:21 EDT
There is evidence that we are still in the bull market which started in 2009, and could continue into the first half of 2021 before major cycles take over and it ends. A move past 4500 is possible...
Inverse ETFs To Play The Decline In Tech
Today 14:03 EDT
We have highlighted seven leveraged inverse ETFs from the tech space that investors can consider, though these involve a great deal of risk when compared to traditional products.
Mexican Peso Weekly Forecast: USD/MXN Drops As Markets Price In Rate Cut Despite Banxico Dismissal Of Inflation
Today 13:50 EDT
USD/MXN once again started the week with a bullish bias as the US Dollar pick up buying momentum as inflation fears caused bond yields to rise towards the upper bounds of their post-pandemic range.
Yesterday's news that the DoJ and IRS are digging into Binance was just the latest indication from the government that it is taking enforcement of securities taxes tied to crypto wealth very...
A Small Cap Infrastructure Trio
Today 13:36 EDT
President Biden unveiled a proposal to spend $2.3 trillion to upgrade the country’s infrastructure over eight years. Top winners include companies leveraged to clean energy, construction,...
Here’s A $19 Profit Play On The Colonial Pipeline Hack
Today 13:22 EDT
The Colonial hack is just one of hundreds of thousands of cyber-attacks that we know of. The long-term impact is on cybersecurity, and the way I see it, that's where the real profit potential is.
Elon Musk, tech tycoon and CEO of electric car manufacturer Tesla Inc. (TSLA), suggested that he might be willing to consider creating a new cryptocurrency if Dogecoin (DOGE-X) does not achieve the...
2 Scorching-Hot Steel Stocks Rated Strong Buy
Today 12:57 EDT
A gradual economic recovery is boosting demand for steel in response to strong demand from major end-markets such as automotive and construction. Against this backdrop, it could be wise to bet on...
Forex Forecast: Pairs In Focus - Sunday, May 16
Today 12:50 EDT
I see the best likely opportunities in the financial markets this week as being long of the S&P 500 Index, short of the USD/CAD currency pair, and long of gold in USD terms.
Can Industrial ETFs Gain Despite Mixed Q1 Earnings?
Today 12:40 EDT
The industrial sector, which faced disruption in global supply chains and factory closedowns, is expected to rebound on recovery from the coronavirus-led slump.We take a look at some big industrial...
Traders will look to the upcoming Fed minutes in the week ahead for further insight. While stocks closed off their lows last week, there is little to suggest the market has seen the last of volatility...
Several well known large cap stocks go ex-dividend next week including the following: Con Ed, Aflac, Target, Chevron, Eversource Energy, Magna International, Hershey Company, Walgreens Boots Alliance,...
Gundlach Warns Bitcoin Has Become "Poster Child" For "Speculative Fever" Gripping Markets
Today 11:57 EDT
As bitcoin bounces back from its Elon Musk-inspired dip, DoubleLine's Jeffrey Gundlach told Yahoo Finance that crypto is the "poster child" for out-of-control speculation in contemporary markets.
"Preferred" Picks Among Regional Banks
Today 11:50 EDT
Marty Fridson, a leading expert on a wide variety of fixed-income securities, looks at two recommended preferred securities issued by regional banks.
Global-e Online opened 3% below its IPO price before trading higher on Wednesday. Shares of the cross-border e-commerce platform rose as much as 1% in their Nasdaq debut, giving Global-e a market...
Trading Support And Resistance - Sunday, May 16
Today 11:15 EDT
The Forex market showed a reduced level of volatility last week, with 19% of the important currency pairs and crosses again moving by more than 1% in value. Volatility is likely to remain relatively...
5 Best Stocks To Buy Now
Today 11:08 EDT
In the midst of a stock market bubble, Ryan provides his best stocks to buy now. In other stock market news, after seeing technology stocks sell off four straight weeks, traders investing in the stock...
Weekly Commentary: Un-Anchored
Today 10:52 EDT
We live in a period of acute disorder – monetary and otherwise. The Fed's dovish Fed policies and the great bull market are all equally well anchored. Yet this is not an environment where we should...
Weekly Forex Forecast - May 17- 21
Today 10:30 EDT
Colonial Pipeline Hackers Got Paid
Today 10:00 EDT
You'll read a lot about the $5 million in cryptocurrency that Colonial Pipeline paid to its ransomware hackers. Pay close attention, and do your best to separate out the facts from the fear-mongering.
Treasuries Call The Tune In FX
Today 9:12 EDT
The higher than expected US CPI spurred a jump in rates and the greenback, but it proved to be little more than a bull trap. The dollar's upside momentum faded even before the large miss on retail...
Bond Ladders and Income Annuities: Simple is Beautiful
Today 9:00 EDT
In general, fixed income investments effectively allow investors to purchase future cash flows with a high degree of certainty. However, it is important to note this degree of certainty only applies...
Natural Gas Range Bound Above The Season's Floor
Today 8:38 EDT
Natural Gas futures on the NYMEX remained flat during the week closing at $2.97 on Friday. EIA reported on Thursday a build of 75 Bcf after reclassification. Total inventory is currently at 2,029 Bcf,...
Is the Current Market Rally Sustainable?
Today 8:30 EDT
This past week dip buyers saved the market from breaking lower. Retail and Regional Banking sectors have cleared back over resistance from their 50-Day moving averages followed by the Biotech clearing...