As the global stock markets continue to crash, demand for precious metals will continue to increase. Already, the U.S. Mint had to ration Silver Eagles sales due to a shortage of silver blanks. Sales of Silver Eagles in a little more than a week have reached nearly five million oz. While Silver Eagle sales in…
The massive selloff in global markets continued today. The Shanghai Composite fell 1.04%, the Nikkei plunged 3.71% and the Euro STOXX 50 took a 3.28% dive. Our benchmark S&P 500 opened in the red at its intraday high and sold off aggressively to its noon hour -3.37% low. A major afternoon took the index to…
Truck shipments were weak in 2015. One index is still in expansion year-over-year in December, whilst the other is in contraction. ATA Trucking The American Trucking Associations’ (ATA) trucking index improved 1.0 % in December, following a decrease of 0.9 % during November.In December, the index equaled 135.6 (2000=100), up from 134.3 in November, and…
Can the Reversal Hold? IBB Rockets up 2.75% to 285.49 after hitting 52 week low today at 268.52. XBI up 4.22% to $55.09. Notable movers: Large caps: ABBV, ALXN, AMGN, REGN; BIIB down 0.19%,GILD lagging up only 0.72%. Mid-caps all green: ALKS,CLVS,SGEN,VRTX. All Rayno Small caps recover: CRIS,GERN,GLYC etc. ————- Green Screen Across the Board in Biotech—IBB up 1.30% at 2:45p EST Extreme…
The February WTI contract expired today, does this constitute a bottom in the oil market? (Video length 00:08:38)
Stocks sold off very hard today and set some new recent lows. There was a technical oversold rally into the close led by Big Tech that brought stocks back up to near even or lesser lows, holding support around the prior lows from the end of last year. So what next? Clearly we have a…
Two weeks ago, we reported that even as U.S. lenders were professing to their investors that there is no risks with their energy exposure and that they are comfortably reserved for any potential losses, they were reducing their unfunded (and total) exposure to oil and gas exploration companies due to balance sheet, default and contagion concerns. We…
Vail Resorts, Inc. (MTN – Snapshot Report) is loving El Nino this year as a big snowpack in its western resorts has resulted in a surge in lift ticket sales. This Zacks Rank #1 (Strong Buy) is expected to see double digit earnings growth in fiscal 2016. Vail Resorts operates 9 mountain resorts and 2 urban ski areas,…
(Photo Credit: James Wang) Key Takeaways Despite the plunge in oil prices, airlines have not been passing fuel savings onto consumers, and have instead hiked fares. The Estimize community is more bullish on the discount domestic airlines as compared to the large international carriers, as they do not have to deal with foreign currency headwinds. LUV, ALK and UAL are…
With the US stock market falling like a concrete blimp today, it’s painfully obvious that darkness has descended across the equity landscape. Not surprisingly, the S&P 500 Crash Risk Index (a set of quantitative metrics collectively labeled as such on these pages) crossed the tipping point last Friday (Jan. 15) and will probably remain in…
