Oil prices climbed above $40 earlier this week, raising hopes that a recovery was underway.Several factors have conspired to keep oil demand and prices low, despite the best efforts of OPEC.Until the global economic climate improves, sustained growth in oil demand will remain a mirage.Oil prices have rallied this week. Since re-printing June’s lows this…
Silver is back to trading near multi-year highs. While gold has rallied beyond all-time highs, silver has started to catch up. A massive shortage of physical silver will continue to aid the white metal’s rally. After breaking through multi-year highs with ease, silver’s dizzying rally has gone parabolic. At the time of writing, the grey…
The Apple stock price surpassed $409 in after-hours trading after record revenues in the tablet and services markets. The firm’s strong presence in China and newfound demand for the Mac strengthens the company’s position for further growth. The company has successfully diversified out of the slowing smartphone market, targeting services and wearables. Apple (NASDAQ:AAPL) saw…
Biotech stocks are among Wall Street’s favorite investments amid the pandemic. A couple of drug makers have signed deals to sell the potential vaccines at cost. There are over 165 pandemic vaccines currently under development. Hopes of a vaccine breakthrough have boosted biotech stocks. As hordes of investors pile into this sector, the Nasdaq Biotechnology…
Kanye West is an imperfect presidential candidate, but he’s the best choice we’ve got. Unlike the other two options, the Atlanta rapper is young and doesn’t have a sketchy political track record. More importantly – he doesn’t have sexual misconduct allegations in his closet. Presidential hopeful Kanye West held his first campaign event in South…
While most Americans want another stimulus check, they probably won’t get one. The national debt is too high, unemployment is falling, and partisan politics may make a compromise impossible. This may be an intentional strategy to incentivize more people to look for work. Are you sitting around waiting for another stimulus check? Well, it might…
Gold prices are nearing eight-year highs Tuesday, closing in on $1,785 per ounce. The metal has been in an uptrend for years, but the 2020 crisis has helped push prices even higher. Bullion is likely to break through their old record to new heights by the end of next year. Gold prices are closing in…
As stimulus wears off in July, the stock market might react to weakening consumer health. Q2 earnings season will finally give investors concrete data to trade on. At some point, investors will start to worry about a Democrat sweep in the November elections. Since the stock market crashed in mid-March, shares have done (almost) nothing…
The major U.S. airlines have seen their stocks rise by double digits in under three weeks. Millennial investors on Robinhood now love American Airlines nearly as much as Tesla. The operating environment for carriers has improved slightly but not enough to justify an investment. A modest improvement in passenger traffic has seen the major airline…
The Tesla stock is en route to reach a record high this week after a 7.56% gain. Boost in Elon Musk’s image as a CEO and reopening of Tesla’s gigafactories place the company in a strong position. Retail investors are also absorbing the sell-off of TSLA stocks from institutions. The Tesla stock (NASDAQ: TSLA) is…
