Stocks Waver As Earnings Season Kicks Off

Hello MarketClub members everywhere. The indexes are trading in a narrow range as the shortened trading week comes to an end and the big banks kicked off earnings season. The Dow is down 85 points, the S&P 500 and NASDAQ are little changed on the day.

Risk-off trades have been all the rage this week, with gold, Treasury's and the Japanese yen all tracking for gains.

MarketClub's Mid-day Market Report

Key levels to watch this week: Continue reading "Stocks Waver As Earnings Season Kicks Off"

This Cannabis "Pick and Shovel Play" Grew Revenue 130% In 2016

Analysis originally distributed on April 5, 2017 By: Michael Vodicka of Cannabis Stock Trades

The year is 1848. Hundreds of thousands of ambitious Americans are heading west to cash in on the California gold rush.

Some of these early speculators became rich. But many went bust.

Through it all, the businesses that ended up scoring the biggest profits were the ones selling picks and shovels to the miners.

This slice of U.S. history gave birth to the modern investment strategy know as the “pick and shovel play.”

A pick and shovel play means investing in companies that sell supplies and equipment to an entire industry.

For example, tractor maker Deere & Co. (NYSE:DE) is a pick and shovel play on the global agriculture industry.

Pick and shovel plays happen all across the economy.

Including the cannabis industry. Continue reading "This Cannabis "Pick and Shovel Play" Grew Revenue 130% In 2016"

OPEC's Rollover Of Deal May Be Full Of Holes

Robert Boslego - INO.com Contributor - Energies


Crude oil was the worst-performing asset in the first quarter of 2017, losing 5.9 percent. That period coincided with the first three months of the OPEC-non-OPEC production cutbacks, which were intended to reduce global inventories and support oil prices.

Instead, global stocks increased from end-December through February. And U.S. crude stocks built by a staggering 57 million barrels through March. In addition, based on the Energy Department’s weekly data, U.S. crude production rose by 429,000 b/d from end-December through end-March. The Saudi Energy Minister, Khalid Al-Falih, had said during the OPEC press conference on December 10th that he did not expect any increase in U.S. production for all of 2017.

Khalid A. Al-Falih
Source: OPEC

Saudi Arabia claimed to cut its production effective January 1st, but crude imports from KSA to the U.S. soared until the final week of March. In the YTD through March 24th, imports were up by 17% from the same period in 2016, and by 30% from December. Continue reading "OPEC's Rollover Of Deal May Be Full Of Holes"

Geopolitical Risks Push Gold Higher

Hello MarketClub members everywhere. As the geopolitics risks rise around the globe traders are heading for the traditional safe havens of gold and the yen. Both have rallied to five-month highs while Treasury note yields approached the lowest levels of the year.

Meanwhile the dollar has softened and oil has extended its winning streak to five days.

MarketClub's Mid-day Market Report

Key levels to watch this week: Continue reading "Geopolitical Risks Push Gold Higher"