Ether, the worlds second-most valuable cryptocurrency, has been tanking since hitting a peak in mid June, highlighting an extended selloff in buzzy, digital currencies that had been on a tear only a few short weeks ago.
Check out: How cryptocurrency ethereum looks set to overtake bitcoin
In late May, I wrote a DailyWealth showing you exactly what a dying bull market looks like. The idea was simple: In the last great "Melt Up" in stocks – from 1998 to 1999 – something interesting happened... While the main stock indexes were rising in 1999, most st
Poor Caterpillar (CAT). Everything had been looking up for the company, and then suddenly it wasn’t. Does that make it a perfect time for an upgrade?
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Caterpillar had rebounded with the global economy and as part of the Trump trade, helping to push its shares up 25% over the past 12 months. Its shares, however, have dropped 5.3% during the past....More>>>
We said we'd believe it when we saw it. Well, now we've seen it. On November 30, the Middle-Eastern oil cartel known as the Organization of the Petroleum Exporting Countries (or "OPEC") finally agreed to a modest reduction in its massive oil production. This is critical because oil prices have plummeted since 2014 due to OPEC's unrestrained production. ....More>>>
Related TSO Time To Get Into Refiners, BoA Says Fast Money Picks For February 19 Related VLO Citing Oil Fears, Goldman Downgrades HollyFrontier To Sell Goldman Updates Oil Majors Outlook, Likes Canada And Coastal Refiners Watchlist Wednesday: Contrarian Approach (Seeking Alpha)
Like the tobacco industry, the oil and gas industry is also undergoing consolidation, and the Fund has benefited from its holding in Baker Hughes, Inc. (NYSE:BHI) (“BHI”). The Fund’s position in BHI was initiated in late 2015 as an arbitrage opportunity when Halliburton Company (“HAL”) bid for BHI, and as a proxy for an anticipated return to growth in the oil services....More>>>
February28, 2017: Markets opened lower again Tuesday but neither the Nasdaq Composite nor the S&P 500 index could climb out of the slough of despond. The blue chips did rise into positive territory briefly, but couldn’t hold onto the gains. Among the 11 S&P sectors, only utilities and consumer staples traded above the breakeven line while the losers were consumer discretionary sotcks....More>>>
No one wants to spend their retirement bagging groceries, but without sufficient retirement savings, that’s how you may be spending your golden years. The latest Merrill Lynch Finances in Retirement Survey, released in March 2017, revealed that the average cost of retirement has risen to $738,400. Of that number, $260,000 will go to healthcare costs alone, according to Fidelity’s Retiree....More>>>
Related GLD Gold Futures Higher Off Goldman Sachs Comment On Trump Admin Policies Nonfarm, Private Payrolls Strong While Unemployment Rate Ticks Higher Oil ETF Slides Amid Dollar Strength But Stock Indexes Make New Highs (Investor’s Business Daily) Related GDX Gold Futures Higher Off Goldman Sachs Comment....More>>>
Wall Street could hardly be quieter, with large-cap stocks in their narrowest trading range since the 1960s as the CBOE Volatility Index (VIX) continues in its longest consecutive streak below 11.
The national psyche is obsessed with the cavalcade of political news out of Washington; largely ignoring market-specific events like chatter of an OPEC-Russia supply freeze extension of a bit of....More>>>
The latest COT report showed little movement in trader positions before the Yellen. But since this report only included positions as of Tuesday, it didn’t include Wednesday’s bear raid and trader responses to Ms. Yellen’s speech on Friday. Nevertheless, we saw an increase in speculative gold longs (which surprised us), a decrease in speculative shorts, and also a decrease in the....More>>>
This article is reprinted by permission from NextAvenue.org.
Traditionally,socially-responsible investingmeant buying stocks of companies that werent in the alcohol, gambling, gun or tobacco business or that helped the environment, as well as mutual funds or exchange-traded funds (ETFs) th
Master limited partnerships (MLPs) may be getting a big shot in the arm in the upcoming year. And it’s all because of President Donald Trump. We know that Trump is already a fan of pipelines — his actions on the Keystone XL and infrastructure plans confirm this. The big win for M
Although physical gold has been hailed as a great long-term investment and hedge against inflation, the best gold miner to invest in can offer even better returns than the precious metal itself. Gold mining stocks are outperforming the spot price of gold so far in 2017 by a wide marg
Listen to this warning... The next financial crisis won't be like any other you've ever seen. It won't just hit the commercial banks. It will hit the central banks. And there's no one to bail them out. This is a fact... The Swiss central bank owns more sha