If you’re following along with the financial media, you probably saw a lot of commentary about how Wednesday’s Consumer Price Index (CPI) report was “good,” or at least “better than expected.”Source: CNBCThe new infrastructure bill has also been dominating headlines,...
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Blitz Daily: Bears Pounce After DraftKings’ Potential Merger Mishap
In Wednesday’s Blitz Daily, we’ll take a look at online gambling company DraftKings after reports of an investigation into its recent acquisition.The bears were out in full force in the DraftKings Inc. (Nasdaq: DKNG) options chain on Wednesday. Several news outlets...
2 Reliable Utility Stocks to Add to Your Portfolio Today
It’s a no-brainer why traders like to invest in utility stocks. I mean, they’re no Amazon or Apple, but they do offer attractive dividend yields. And while inflationary pressures are hard on a stock’s value, Utilities tend to rise when inflation is moderate. They also...
Inflation Reports and 4 Pullbacks at a Discount for a Tricky Market
The put/call ratio, which gives us an idea of market sentiment, is reaching overly bullish levels. The stock market is also showing signs of fragmentation, with sectors trading unusually. This isn’t a market to trade for oversized gains on speculative stocks. So I’ve...
Gold’s Loss is Bitcoin’s Gain — How to Play It
The U.S. added over 943,000 jobs in July, according to the Aug. 6 jobs report — a sign that the economy is on its way to recovering from the 2020 shutdowns.That expected growth sparked a colossal sell-off in gold with some major margin calls over the weekend.Prices...
Blitz Daily: 3 Trades the Wall Street Bulls Bet Will Run Higher
In Tuesday’s Blitz Daily, we’ll take a look at shoe retailer Foot Locker after the company announced plans to acquire two international chains.This has been a great earnings season for apparel names. Nike Inc. (NYSE: NKE), Under Armour Inc. (NYSE: UAA) and Skechers...
Joy of the Trade Investor’s Edge Watchlist Stocks: Tuesday, August 10
Today’s watchlist comes after reviewing all the recent news in the global stock market.And this week I'm focusing on gold — read more about it here. After Sunday's gold flash crash, I think I found a Buy It or Burn It stock that looks to be on the verge of making...
1 Stock, 1 REIT to Trade This Week’s Big Moves in Gold, Bitcoin, Oil
It’s getting more and more difficult to trade in this market. There’s a lot of uncertainty with rising inflation and COVID-19 cases pressuring governments to reimplement pandemic restrictions. Nonetheless, I’ve found two opportunities with upside potential — and more...
4 Reasons Why Investors Should Avoid Gold Like the Plague
On paper, mid-August should just be another slow week in the stock market... but I’m not buying that for a second! This weekend, futures acted sporadically as gold had a flash crash of 5% on Sunday night when futures opened for trading at 6 p.m. EDT. The word on Wall...
Sunken Treasure: Do We Buy Gold After the Flash Crash?
If you remember, about a week ago I mentioned that my work week typically starts on Sunday night when I observe how markets open in Asia.This Sunday, let’s just say that markets opened… in interesting fashion.Gold started the week by selling off quickly, triggering a...