Yesterday we talked about the disconnect between the daily drama from the media in Washington (doom and gloom), and what the markets have been communicating (an economic expansion is underway). Today, you might think that connection is happening—the doom and gloom scenario is finally being realized in markets. Probably not.
For perspective: As of the close yesterday, the Nasdaq was up 18% year–to–date (just five months in). Gold was in the middle of a three year range. Market interest rates (the U.S. 10–year government bond yield) was just above the middle of the range of the past four years. The dollar was not far off its strongest levels in 15 years.
Today the media has explicitly printed the headline of impeachment for Trump (actually, they’ve run those headlines a various times over the past several months). Nonetheless, stocks (the S&P 500) today are off by 1.6%.
This gets the bears very excited. I saw the story about cons umer debt, surpassing 2008 levels, floating all over the Internet today. People tried to make the bubble connection—implying another debt crisis was coming.
Hot Gold Stocks To Own Right Now: BAE Systems PLC (BAESY)
- [By WWW.THESTREET.COM]
BAE Systems (BAESY) and other defense stocks gained on Friday morning after President Donald Trump’s strike on Syria prompted investors to consider the possibility of greater Western involvement in the Syrian conflict.
Hot Gold Stocks To Own Right Now: Del Taco Restaurants, Inc.(TACO)
- [By WWW.THESTREET.COM]
Cramer’s game plan starts on Monday, with earnings from Del Taco Restaurants (TACO) . Despite strong same-store sales last quarter, Cramer said he’s expecting a struggle this quarter.
- [By Jim Robertson]
On Tuesday, our Under the Radar Moversnewsletter suggested shorting small cap Mexican restaurant stock Del Taco Restaurants (NASDAQ: TACO):
The downtrend here is clearly well established, But, it cemented itself in place yesterday and today. On Monday the bulls took a shot, pushing and up and off of the 200-day moving average line (green) after finding support there last week. It was a short-lived effort, setting up a drastic change of heart – the people who regretted not getting out a month ago took the small uptick as a second chance to do so. Only this time, the sellers weren’t so shy. TACO broker under the 200-day moving average that had been support just a week earlier, and did so on higher volume. Today’s bearish follow-through is the clincher.
- [By Lee Jackson]
Del Taco Restaurants Inc. (NASDAQ: TACO) had a director at the company selling stock last week. The board member shed a total of 831,314 sharesat between $11.40 and $11.84 apiece. The total for the sale was $10 million. The shares ended the weekat $12.36, in a 52-week range of$8.43 to $15.32. The consensus price target is $17.07.
Hot Gold Stocks To Own Right Now: Hostess Brands, Inc. (TWNK)
- [By Paul Ausick]
There was an IPO of sorts last week when Gores Holdings II raised $375 million with an offer of 37.5 million units at $10 per unit. The shares are listed on the Nasdaq under the ticker symbol GSHTU. Gores Holdings I acquired Hostess Brands last year and completed an IPO in December for Hostess Brands Inc. (NASDAQ: TWNK).
Hot Gold Stocks To Own Right Now: Theravance Biopharma, Inc.(TBPH)
- [By WWW.KIPLINGER.COM]
The exact date Theravance Biopharma Inc. (TBPH) intends to release a phase 3 update on COPD treatment Revefenacin isnt known. The company simply said in a prior communication with the market it would be sharing an interim look at the trials progress sometime in early Q4.
Hot Gold Stocks To Own Right Now: Globalstar Inc.(GSAT)
- [By Nicholas Rossolillo]
Globalstar (NYSEMKT:GSAT) has been growing its total sales, but still struggles with its bottom line. 2016 revenue increased 7%,but another round of financing could be needed to keep things afloat, as operating margin is still deep in the red. The company is making some headway, but time could be running out for the satellite communications provider.