On September 8–15, 2017, the Financial Select Sector SPDR ETF (XLF) rose 2.8%. It was the largest gainer among the sector-based SPDR ETFs.
Bullish catalysts could push US crude oil above the $50 mark. On September 15, 2017, US crude oil active futures closed at $49.89 per barrel.
Rite Aid’s shareholders have been the real losers from the delay and eventual termination of the deal between Rite Aid (RAD) and Walgreens Boots Alliance (WBA) in October 2015.
According to Bloomberg, Walgreens Boots Alliance (WBA) and Rite Aid (RAD) have moved toward closing their long-awaited acquisition deal.
Rite Aid’s profitability has worsened over the years. Its gross margin has fallen from 29.0% in fiscal 2013 to just 22.6% in the first quarter of the current fiscal year.
Rite Aid (RAD), which is scheduled to report its 2Q17 results on September 28, 2017. It’s projected to report a 2.4% YoY (year-over-year) fall in total sales to $7.84 billion.
Rite Aid (RAD) is slated to release its fiscal 2Q17 results on Thursday, September 28, 2017. Its EPS (earnings per share) is projected to fall to zero from last year’s $0.01.
In the absence of earnings growth to justify the current valuations of US equities, many investors may begin looking for trade that is less crowded.
While the two houses of US Congress have the power to raise the debt ceiling, it has become difficult to do so over the past few years.
According to the latest COT report, large precious metal speculators continued to increase their bullish bets on gold futures.
Outflows from ETFs led to a ~28% fall in gold prices in 2013—the equivalent of selling 881 tons of gold.
Oil imports are currently being paid through the US dollar, which supports the value of the dollar, but China is looking to change this equation.
The Wall Street analyst outlook for gold prices helps us understand the path that gold investments could take going forward.
The average cash balance is now 4.8%, which is higher than the ten-year average cash level of 4.5%.
After slipping somewhat in the beginning of September 2017 amid geopolitical concerns, US equity markets have rebounded once again.
Calendar 2017 has been a tough one for the US dollar (USD), which has fallen ~10% YTD (year-to-date).
Higher interest rates make interest-yielding investments attractive to the detriment of gold, which doesn’t provide yields in terms of regular income.
The consumer price index grew 0.4% month-over-month in August, compared with the 0.3% expected gain.
While economists were expecting job additions of 180,000 in August, the actual additions were just 156,000.
North Korea’s first missile launch over Japan pushed gold prices to a near one-year high, prompting investors to move to safe-haven assets.