With a digital transformation in shopping, bricks-and-mortar retailers are struggling. Feeble sales are forcing them to shut stores or file for bankruptcy, while e-commerce retailers are making hay. In order to capitalize on this trend, ProShares has launched two retail disruption ETFs, namely ProShares Decline of the Retail Store ETF and ProShares Long Online/Short Stores ETF, designed to…
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The Bitcoin family has had a pretty wild stretch. In just the past two weeks, it was subject to extreme volatility even by cryptocurrency standards, saw a spinoff token take center spotlight of the entire digital asset markets, and even witnessed a highly anticipated project get unexpectedly aborted, all leaving the market to go even…
Uber will buy 24,000 autonymous Volvo cars in 2019-2021. Nearly every driving job will vanish, faster than most think. Bloomberg reports Uber Expands Driverless-Car Push With Deal for 24,000 Volvos. Uber Technologies Inc. agreed to buy 24,000 sport utility vehicles from Volvo Cars to form a fleet of driverless autos, a signal that the company remains…
The TIP/IEF ‘inflation gauge’ is still motoring upward after breaking above the SMA 200. If this turns the 200 up along with the MA 50 it could indicate a mini hysteria about inflation. The problem lately has been that the longest duration bonds have been relatively strong, putting a cap on yields and inflationary signaling,…
Having predicted back in July that the “most dangerous moment for markets will come in 3 or 4 months”, i.e., now, BofA’s Michael Hartnett was – in retrospect – wrong (unless of course the S&P plunges in the next few days). However, having stuck to his underlying logic – which was as sound then as…
For today’s edition of our bulletin, we used our website’s advanced screening functions to search for data on major US retailers–Amazon.com, Best Buy, Target, and Wal-Mart–ahead of Black Friday and the kick off to the holiday shopping season. They are presented alphabetically. Best Buy and Wal-Mart are rated BUY. Amazon and Target are rated HOLD…
This will be a holiday shortened week in the US markets for the national holiday of Thanksgiving on November 23. Trading will be light this week, especially after noon tomorrow. Plenty of room for the usual trading hijinks and shenanigans. Gold and silver were smacked down this morning in light trade, the dollar rallied, and…
December contract natural gas prices are now down five out of the last six trading sessions as cold to end November and bring in December has been rather unimpressive. We continue to watch the gap below that bulls have thus far been able to defend, but a new short-term low today seemed to put it…
The Chart of the Day belongs to Xunlei (XNET). I found the Chinese Internet software stock by using Barchart to sort today’s Top Stocks to Own list first for the highest Weighted Alpha, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 10/16 the stock has gained 298.12%. Xunlei…
