Contrarian Alert: Is It Time To Buy Cliffs Natural Resources (CLF)?
The party continues on Wall Street; investors remain bullish on stocks judging by the sheer price action as both the S&P 500 and Dow Jones Industrial Average managed to close out last week well above their all-time highs. The economic data front is sending hints of a potential downturn as manufacturing indicators remain weak; nonetheless, this has failed to put a noticeable dent in the bulls’ armor of confidence as markets shrugged off last week’s worse-than-expected industrial production data [for more market news and analysis subscribe to our free newsletter]. Not every stock is surging to record highs; in fact, one particular large-cap miner offers a risky, but compelling, opportunity for investors still looking to get a piece of the action on Wall Street. Contrarian investors should add Cliffs Natural Resources (CLF) to their watchlist because this former S&P 500 sweetheart is resting on major historical support, thereby offering a great entry point for those … See the full story here
Aussie Dollar Weakness A Dangerous Sign For Gold
The commodities front remains mixed as the U.S. dollar’s recent rally has put downward pressures on many resource prices. Furthermore, the ongoing bull run on Wall Street has prompted many investors waiting on the sidelines to jump into equities in lieu of chasing paltry yields in the bond market or lackluster returns in the commodities space [for more market news and analysis subscribe to our free newsletter]. Surprisingly, gold has managed to keep afloat in recent weeks amid the stock market euphoria, which is a commendable feat given the extreme selling pressures it saw earlier in April. The outlook for the yellow metal remains mixed, however, as technical patterns and currency market trends are hinting at another round of selling in the near future.
Caterpillar (CAT) Looks Like A Buy After Earnings
China growth fears spurred a short-lived risk aversion wave on Wall Street last week, but like all of the recent sell-offs, this one was also short-lived and welcomed by bargain buyers. Corporate earnings are now at the center of attention as investors are reading beyond the quarterly numbers in search of insights about the global economic outlook ahead of Friday’s much-awaited U.S. GDP report [for more market news and analysis subscribe to our free newsletter]. Amid the ongoing tug of war between the bulls and bears, mining and construction equipment manufacturer Caterpillar (CAT) presents an intriguing opportunity at the moment that warrants a closer look from traders looking to get a piece of the bull market.
Silver Wheaton (SLW) Ready For Comeback
Buying pressures continue to reign supreme on Wall Street as bullish euphoria has failed to evaporate – much to the bears’ frustration. Major equity indexes remain on a steep climb higher while the commodity market remains mixed at best; year-to-date, some commodities like corn and crude oil are clinching onto minor gains, while others like gold and silver remain in red territory [for more market news and analysis subscribe to our free newsletter]. With most equities either sitting at or headed towards new highs, many are hesitant to jump in after such a stellar run-up. Luckily, the investable universe is wide and not every security has enjoyed wild gains thus far in 2013. Silver-mining bellwether Silver Wheaton Corp. (SLW) presents an intriguing opportunity at the moment that warrants a closer look from contrarian investors looking to get a piece of the action on Wall Street.
Contrarian Alert: First Solar (FSLR) Rising From The Grave
The bull train has hit a few bumps in recent trading sessions as a wave of European woes over the weekend has prompted some to take profit. Nonetheless, “buying on the dip” remains a dominant theme on Wall Street as bullish pressures continue to reign supreme on the equity front [for more market news and analysis subscribe to our free newsletter]. With most equities either sitting at or headed towards new highs, many are faced with the tough decision of waiting to pull the sell trigger in an effort to maximize profit without getting burned by the impending correction. Luckily, the investable universe is wide and not every security has taken advantage of the bull run on Wall Street. Green-energy bellwether First Solar (FSLR) presents an intriguing opportunity at the moment that warrants a closer look from contrarian investors looking to get a piece of the action on Wall Street.
Bottom Fishing In Goldcorp Inc. (GG)
The Dow Jones Industrial Average hit all-time highs last week, spawning a wave of euphoric headlines across the financial media. What’s truly impressive is that buyers continue to step in at virtually every pullback, which is quite the risky maneuver when you consider the stellar run-up seen on Wall Street since the November 16 lows last year [for more market news and analysis subscribe to our free newsletter].
Caterpillar (CAT) Poised To Rebound Off 200-Day Moving Average
Bearish pundits are scratching their heads and pulling their hair as the bull train continues full steam ahead on Wall Street even after last week’s choppy sell-off. Major equity indexes at home and in the European currency bloc marched to fresh multi-year highs on Tuesday; eager buyers are shrugging off looming threats including the sequester drama in Washington D.C. that may very well inspire a steeper correction as the end of March approaches [for more market news and analysis subscribe to our free newsletter].
Trade The Channel In Deere & Co. (DE)
The bull train continues full steam ahead on Wall Street much to the bears’ growing frustration. Major equity indexes are still relentlessly climbing higher, posting fresh multi-year highs by the day it seems. Every minor pullback on the stock front has welcomed buyers, showcasing the sheer euphoria permeating the marketplace, which is rightfully making some worried that a steep correction is lurking just around the corner. Commodities overall continue to drift lower as the strengthening U.S. dollar is keeping a lid on spot prices [for more market news and analysis subscribe to our free newsletter].
