Content
Risk On, Risk Off, Or Risk Who Knows?
Article By:
Michele Schneider
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Wednesday, May 1, 2024 6:50 PM EDT
While HYG is holding the 200-day moving average, real motion shows that momentum remains below and in a bearish divergence.
Yet, according to our Leadership indicator, HYG slightly outperforms the benchmark.
In this article: HYG
Something Else Is Driving Gold
Article By:
SchiffGold
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Wednesday, May 1, 2024 6:30 PM EDT
This analysis attempts to look at different metrics to understand the current momentum in the gold and silver markets. It is meant as an analysis of potential price direction in the very short term (1-2 weeks).
Large "Inverse Hammers" Kill Rally In Indices May 01, 2024
Article By:
Declan Fallon
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Wednesday, May 1, 2024 6:18 PM EDT
Today was not a great day for bulls; what looked promising for all indices intraday, was cooked by the close. The percentage loss for the day was not the issue, it was the intraday spread that caused the problem.
EBay Took A 23% Hit To Net Income In Its Fiscal Q1
Article By:
Wajeeh Khan
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Wednesday, May 1, 2024 5:24 PM EDT
eBay Inc (EBAY) is in the red in extended hours today even though it came in ahead of Street estimates for its fiscal Q1. The stock is taking a hit primarily because the management failed to impress with its guidance.
In this article: EBAY
Leaving Penn Station
Article By:
Tim Knight
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Wednesday, May 1, 2024 5:13 PM EDT
Here’s Penn Entertainment (PENN) featuring the sparkling and zesty Dave Portnoy. This stock has destroyed about 90% of shareholder value since it peaked three years ago. I’m sure there’s more to come!
In this article: PENN
Starbucks On Brink Of Worst Crash Since Dot Com After "Stunning" Earnings Miss
Article By:
Tyler Durden
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Wednesday, May 1, 2024 5:02 PM EDT
Starbucks shares plummeted by 16% during the early cash session, approaching the -16.2% level last seen during the Covid crash.
In this article: SBUX
Stocks And Precious Metals Charts - From Enemy Occupied Territory
Article By:
Jesse's Cafe Americain
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Wednesday, May 1, 2024 4:51 PM EDT
Stocks lost their moonshot in the last hour and dumped back all the way to unchanged with a vengeance. Gold and silver managed to hold on to some of their gains, but were well off their highs.
CVS Is Sick
Article By:
Tim Knight
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Wednesday, May 1, 2024 3:01 PM EDT
One would figure the nation’s biggest pharmacy would be a safe, conservative investment. Nope. CVS has lost about HALF its value in just two years.
In this article: CVS
Central Bank Gold Buying Sets New 1st Quarter Record
Video By:
Chris Marcus
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Wednesday, May 1, 2024 2:06 PM EDT
The central banks have been on a gold buying spree ever since Russia was sanctioned by the US in early 2022. And they just set a new first-quarter record for the amount of gold purchased.
Dow Jones Industrial Average Struggles To Recover From Recent Backslide As Fed Rounds Corner
Article By:
Joshua Gibson
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Wednesday, May 1, 2024 1:33 PM EDT
After this week's backslide, the Dow Jones Industrial Average (DJIA) is stuck in a rut, dragging the index below 38,000.00 as investors buckle down for another rate call from the US Federal Reserve (Fed).
Feds Scrutinizing Block's Square And Cash App, Eyeing If Transactions Funded Terror And Skirted Sanctions
Article By:
Tyler Durden
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Wednesday, May 1, 2024 1:01 PM EDT
Federal prosecutors are investigating compliance issues at Block, the fintech firm co-founded by Jack Dorsey, according to a new report from NBC, citing "two people with direct knowledge".
