Best Buy is also set to report earnings next week, and if options activity is any indication, the company could miss estimates, according to Pete and Jon Najarian. Last month bears bought more than 11,000 puts at the 52.50 strike price. As of Thursday’s close, the stock was trading at …
Read More »Monthly Archives: November 2017
Gold just dropped in sudden mover lower
Gold futures dropped suddenly, losing almost 1 percent of their value in about 15 minutes. Trading volume also picked up during the selling activity. Gold futures for December delivery were down 0.8 percent as of 11:36 am ET after stabilizing following the sudden decline. It was not immediately clear what …
Read More »China takes fight to Boeing and Airbus with successful passenger jet test
VCG | Getty Images A C919 passenger jet takes off from Pudong International Airport for its maiden flight, on May 5, 2017 in Shanghai, China. China’s domestically developed passenger jet has completed its first long-distance flight. The C919 took off from Shanghai Pudong International Airport on Friday and flew for …
Read More »Musical.ly app sells for $1 billion
Gilles Sabrie | The New York Times Someone using Musical.ly, a Chinese app. The only Chinese social-media company to build a major network outside China will be taken over by a fast-growing Chinese upstart. Musical.ly, a video-based social network popular with teenagers in the United States and Europe, is being …
Read More »Consumer sentiment hits 97.8 in November vs. 100.9 estimate
Getty Images A customer purchases the new iPhone X at an Apple store on November 3, 2017 in Palo Alto, California. U.S. consumer sentiment tumbled in early November, though the index remained at the second-highest level of the year so far. The University of Michigan’s index of consumer attitudes fell …
Read More »Charts show Apple’s market cap could pass $1 trillion by year-end: Technician
Apple could soon surpass a major milestone, according to TradingAnalysis.com founder Todd Gordon. Looking at a chart of the tech giant, Gordon points out what he describes as a “very strong” uptrend going back to the summer of 2016. Drawing a parallel channel line leads the technician to conclude that …
Read More »Bitcoin falls after developers call off SegWit2x bitcoin cash surges
Bitcoin fell Friday to its lowest since Nov. 1 as traders bet on its offshoot, bitcoin cash, instead. The offshoot digital currency surged more than 20 percent to its highest since Aug. 20, according to CoinMarketCap. Bitcoin cash split off from the original version of bitcoin in August as a …
Read More »Tesla is inviting institutional investors for a Model 3 joy ride
Andrej Sokolow | picture-alliance/dpa | AP Tesla CEO Elon Musk speaks during the delivery of the first Tesla Model 3 vehicles in Fremont, US, 28 July 2017. Tesla is inviting institutional investors to take a joy ride in the Model 3 this weekend. An invitation, which was viewed by CNBC, …
Read More »Surging Japan ETFs ride new tailwind
Koll believes Japan’s TOPIX index can increase from the current levels around 18,000 up to 20,000, an increase of around 11 percent over the next six months. “We maintain our bullish call for Japanese equities: Valuations are attractive, and positive earnings momentum is likely to keep going. Japan is not …
Read More »Boeing Bombardier spat to overshadow Dubai Airshow
Jasper Juinen I Bloomberg via Getty Images A member of the flight crew sits in the cockpit of a Boeing 787 Dreamliner, operated by Qatar Airways, on the opening day of the 14th Dubai Air Show Boeing will be wooing potential customers with its latest version of the Dreamliner, the …
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