Silver prices are likely to end down today, rounding out a month where the white metal has tallied 3% in losses.
Archives for July 2014
July 2014 - Money Morning - Only the News You Can Profit From
Stock Market Close: Dow Jones Plunges 317 Points in Biggest Drop in 6 Months
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Stock market close, July 31, 2014: U.S. markets plummeted Thursday in a broad decline, with the Dow Jones shedding 317 points in a broad sell-off.
Meanwhile, the S&P 500 fell below its 50-day moving average, erasing all of July's gains as concerns in global markets hammered stocks. The Chicago Board Options Exchange Volatility Index (VIX) jumped more than 26% to an intraday high of 16.98, the highest level since April.
Now, here are the top stories from today...
Tesla (Nasdaq: TSLA) Stock Up After Crushing Earnings; How to Play It Now
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Tesla Motors Inc. (Nasdaq: TSLA) stock was up 3% today (Thursday) in after-hours trading after the company reported second-quarter earnings per share (EPS) of $0.11 on revenue of $857.5 million.
Those figures crushed consensus estimates of $0.04 on revenue of $810.6 million. Last year, the company reported Q2 earnings of $0.20 per share.
Those are the headlines from today's report, but these are the most important updates...
Investing in Bitcoin: A Gold Rush for the Digital Age (Graphic)
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More than one observer has compared investing in Bitcoin now to getting in on the California Gold Rush of 1849.
And there are numerous fascinating parallels, particularly regarding the area of mining and the wave of people who suddenly took an interest when they realized that fortunes could be made.
In this detailed graphic, you can see exactly how Bitcoin and the Gold Rush match up...
Synchrony Financial (NYSE: SYF) Stock Flat in Debut
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Synchrony Financial (NYSE: SYF) stock closed exactly where it opened on its first day of trading today (Thursday), at $23 per share.
The stock was down nearly 1.5% just before market close before a late rally brought shares back to its offer price.
With one day of tepid trading in the books, here are the factors that will be driving SYF stock now…
Hewlett-Packard (NYSE: HPQ) Holds the Keys to the Future of Computing
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Hewlett-Packard Co. (NYSE: HPQ) calls it "The Machine." I call it the future of computing. And it's just one reason why I think HP is among the smartest plays in tech right now.
The Machine represents a huge leap in technology that's going to make HP a top tech leader once again… and that's going to be a powerful catalyst toward market-beating gains for HPQ stock.
Here's why this turnaround is so exciting for investors…
Strangest Gold Market News of 2014: Top Refinery Loses 2.7 Tons of Gold
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Gold market news, July 30, 2014: On July 25, South Africa's Rand Refinery – the biggest processing facility for gold in Africa and one of the biggest worldwide – announced it will receive a shareholder loan to make up for "lost" 87,000 ounces (2.7 tons) of physical gold in its inventory. The press release describes what amounts to a $112 million loss at current gold prices, making this one of the strangest stories to hit the gold market in 2014.
This is incredibly embarrassing...
The "Secret" Agreement That's About to Manipulate Gold Prices
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May 19 was a big day for gold prices worldwide – perhaps the biggest this year. That's when the European Central Bank (ECB), along with the other 20 most powerful European central banks, announced the signing of the fourth Central Bank Gold Agreement (CBGA).
The stated reason for the CBGA is to attempt to coordinate gold transactions to avoid market disturbances – it limits the amount of gold signatories may sell in any one year.
While that may sound harmless, it’s anything but.
Here’s the real story behind the CBGA’s involvement in the direction of gold prices…
Tesla Earnings Preview: What to Watch for Today
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The Tesla earnings report will be delivered after the bell today (Thursday) and analysts are expecting Tesla Motors Inc. (Nasdaq: TSLA) to report earnings per share (EPS) of $0.04 on revenue of $810.6 million.
Those EPS estimates show a stark decline from last year's EPS of $0.20, but the revenue estimate does show projected growth of nearly 47% from last year. Tesla has beaten earnings estimates for four consecutive quarters and by an average of nearly 76%.
The Tesla Gigafactory Has a New Investor
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New details about the Tesla Gigafactory were released today (Thursday) when Panasonic Corp. announced that it will be investing in Tesla Motors Inc.'s (Nasdaq: TSLA) new production plant.
TSLA stock opened up slightly following the news.
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