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Daily Stock Pick: Mercury General Corp
Article By: Fredrik Arnold
Thursday, August 13, 2020 5:47 AM EDT
Mercury's price per share closed at $45.55 yesterday. A year ago their price was $54.18.
In this article: MCY
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Markets Pause Following Relief Rally On Back Of Biden-Harris Ticket Announcement
Article By: Adam Vettese
Thursday, August 13, 2020 5:42 AM EDT
European markets are slightly in the red this morning as they take a breather from yesterday’s rally. The UK’s FTSE100 has also been hit by a swathe of ex-dividends from some big blue chip names such as AstraZeneca, BP and Royal Dutch Shell.
In this article: AMAT, NTES, BAMGF Also: AMD, AZN, BP, IAG, WFC, AMIGF, NGGTF, PEGRF, SVTRF, TCEHY, UUGWF, AAPL, MSFT, NVDA, QCOM, TSLA, DIA, LYFT
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USD/CAD Daily Analysis – Thursday, August 13
Article By: ForexCycle
Thursday, August 13, 2020 5:32 AM EDT
SD/CAD extended its downside movement from 1.3715 to as low as 1.3227.
In this article: FXC
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EIA Reports 3rd Consecutive Inventories Fall
Article By: Orbex
Thursday, August 13, 2020 5:29 AM EDT
Crude oil prices have remained just below recent highs this week. This was supported by the latest report from the Energy Information Administration which showed a further decline in US crude stores.
In this article: OIL
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Gold & Gold Stocks Tracking 2009 Analog
Podcast By: Jordan Roy-Byrne
Thursday, August 13, 2020 5:22 AM EDT
Jordan Roy-Byrne joins Cory Fleck to share some of his recent research on how the corrections during the last bull market in gold, over a decade ago, compare to the price action in gold over the past 4 days.
In this podcast: GLD, GDX, GDXJ
Listen
Another Gold Record, Another Golden Buying Opportunity
Article By: Dr. Duru
Thursday, August 13, 2020 5:13 AM EDT
The CME reported record contract volume on gold as the SPDR Gold Shares (GLD) dropped 5.4%. Like the day of the last record in February, this pullback is a fresh opportunity to bet against the U.S. dollar as a store of value.
In this article: GLD, SLV Also: SPY
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Gold Prices May Resume Selloff After Digesting Largest Drop In 7 Years
Article By: DailyFX
Thursday, August 13, 2020 5:01 AM EDT
Gold prices managed to find near-term support after Tuesday’s dramatic selloff. That came against the backdrop of improving risk appetite, which weighed on haven demand for the US Dollar and drove it lower.
In this article: BNO, GLD, OIL, UDN, SPX
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Australian Employment Growth In July Surpasses Expectations
Article By: ING Economics
Thursday, August 13, 2020 4:53 AM EDT
Australian employment continued to rise at a solid rate in July, following the 228.4 thousand turnaround in June.
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Is Kamala Harris A Nauseating Political Opportunist?
Article By: Mish Shedlock
Thursday, August 13, 2020 4:46 AM EDT
Harris’ addition to the Biden ticket, then, is not a great feminist achievement. Rather, it is a harsh blow to the feminist cause.
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Is MMT Only Applicable To The U.S.?
Article By: Brian Romanchuk
Thursday, August 13, 2020 4:39 AM EDT
Whether a U.S. Treasury is owned by a local or a foreigner makes no operational difference to how payments are made by the Treasury. As such, the residence of owners makes no difference for default risks.
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Europe Points Lower Despite Strong Session On Wall Street
Article By: Fiona Cincotta
Thursday, August 13, 2020 4:33 AM EDT
Despite the S&P reaching an all-time high and the Dow and Nasdaq closing in positive territory, the upbeat mood has not transferred into Europe.
In this article: DAX
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Record US Corn & Bean Yields, But Derecho Prompts Questions
Article By: Jerry Gidel
Thursday, August 13, 2020 4:25 AM EDT
Given the recent high crop ratings, the market was expecting strong August US corn & soybean crops this week. The USDA didn’t disappoint with record yields and record/near record output for US corn and soybeans this month.
In this article: CORN, SOYB, WEAT
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Cannabis Central: Another Reversal On Wednesday
Article By: Lorimer Wilson
Thursday, August 13, 2020 4:23 AM EDT
The pure-play Pot Stock Index of the 25 cannabis stocks that trade for more than US$1/share had another about-face on Wednesday advancing by 2.7% vs. a 3.1% decline on Tuesday. 17 constituents advanced, 7 declined and 1 remained unchanged in price.
In this article: PLNHF, TCNNF, ACRGF, SHWZ, NEPT, AVCNF
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Renewable Energy Group - Russell 3000 Star
Article By: Jim Van Meerten
Thursday, August 13, 2020 4:13 AM EDT
Revenue expected to grow 11.30% next year.
In this article: REGI
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Stocks Pop Even As The Rotation Trade Rotates Back To The Original Trade
Article By: Michael J. Kramer
Thursday, August 13, 2020 4:09 AM EDT
Stocks managed to regain today, what they lost in the final hour of trading yesterday. I’m not sure that much changed though from the recent trends. It just seems as if the weaker dollar may have added some fuel back to the risk-on trade.
In this article: AMD, CSCO, SPY, XLK, SQ, ZM
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Chart Of The Day – Apple Price Vs Growth
Article By: The Frugal Prof
Thursday, August 13, 2020 4:00 AM EDT
It’s amazing how much information can be presented in one simple chart.
In this article: AAPL
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