Month: August 2019

Gold holds the $1500 level and plows higher The Fed sounded dovish in Wyoming, but it was not enough for the US President The high-stakes trade war is bullish for gold The price of gold broke out to the upside following the June meeting of the US Federal Reserve. The Federal Open Market Committee indicated
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Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free weekly newsletter focused on crypto assets. Sign up here. For a primer on crypto custody concepts, you can download our free report here. 
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Analysts tend to regard large market cap companies as good and stable long-term investments. Therefore, I personally do not make investment decisions on such solid stocks based on daily hype. However, even the darlings of Wall Street get held down from time to time. Today I’m going to discuss three stocks, 3M (NYSE:MMM), Johnson &
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Holiday shoppers at a Target store in Culver City, California. Mark Ralston | AFP | Getty Images Despite retailers banking on acceleration in the fourth-quarter from holiday sales, Wells Fargo said fundamental trends have deteriorated. “While the majority of companies appear optimistic on their ability to drive solid growth in [the fourth quarter of 2019],
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Apparently gold traders hadn’t seen the steady rise in the USD since Monday, but that’s OK, humans are exuberant critters especially when they’re trading. Here’s the chart for the US Dollar index UUP showing the Dollar’s week. (credit Fidelity.com) US-China trade war news was mixed. There was a burst of news that new talks were starting,
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Fridays leading into holiday weekends, particularly the Friday prior to Labor Day, usually don’t generate much excitement on Wall Street and if there is, it’s usually a bad sign. So with that in mind, today’s results were nothing to be concerned about. Source: ymgerman / Shutterstock.com In fact, the results for this Friday, the last
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For some investors, mid-cap stocks are a perfect hunting ground for stocks to buy. Small-cap stocks offer more volatility — and generally have underperformed in this bull market. Large-cap stocks often have so much coverage that finding a real buying opportunity is difficult. So mid-cap stocks — defined here as those with a market capitalization
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Investors on Wall Street have been growing nervous in recent weeks, and for good measure. The yield curve has inverted, a strong signal a recession is coming. The trade tensions between the United States and China remain high. And President Donald Trump seems determined to bully the Federal Reserve into cutting rates aggressively and weakening
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Seemingly everywhere you look, there are signs of a recession. The yield curve is inverted. There are negative interest rates everywhere across the globe. The 30-Year Treasury yield is at an all-time low. The U.S.-China trade war is escalating. Manufacturing activity globally is slowing. Corporate insiders are selling stock in bulk. Business confidence is eroding.
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Veeva Systems (NYSE:VEEV) just released its Q2 numbers and they were very good. The thing is, VEEV stock didn’t really respond to its blowout earnings, revenue, and upbeat guidance. Source: IgorGolovniov / Shutterstock.com Why? Well, some of it has to do with the fact that VEEV stock is up 84% year to date. Analysts have
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Canada’s Aurora Cannabis (NYSE:ACB) is down over 45% from its 2019 high of $9.96, after sliding 0.54% to close at $5.55 on Thursday. ACB stock surged briefly earlier in August after the company issued a fourth-quarter update suggesting cannabis production for the quarter would be at the high end of its previous guidance, but its
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