Archives for July 2015

July 2015 - Page 7 of 28 - Money Morning - Only the News You Can Profit From

Dow Jones Industrial Average Down Today as Chinese Markets Crash

Futures for the Dow Jones Industrial Average forecasted a 106-point dip from Friday's close as traders eyed domestic earnings reports and a decline in the Chinese stock market.

This morning, major Chinese markets saw their biggest one-day decline since 2007. Shares of Chinese ADRs are having a rough morning, including Alibaba Holding Group LTD (NYSE: BABA).

Here's everything else you need to know about the Dow Jones Industrial Average today...

How to Know When Gold's Bearish Slide Is Over

Gold's hard-and-fast tumble below $1,100 an ounce last week means some investors may be tuning out the yellow metal, or suffering from gold "burnout."

But ignoring it is a huge mistake. It has been and always will be one of the best stores of value, and it's a crucial hedge against economic upheaval. It's a must-have holding.

Last Monday's "bear raid" in Shanghai brought gold down to 13-year lows before settling at five-and-a-half year lows, and it's absolutely vital that we know when this downward pressure will stop so that we don't "call a bottom" too quickly.

You see, we can buy gold all the way down, but these charts will help us see when it will resume its upward march...

Weary Investors Signal an Exhausted Bull

It was probably not a coincidence that stocks ended their worst week of the year on the same day that Hillary Clinton gave a speech outlining her capital gains tax proposals. Stocks didn't crater just because of the speech, but it sure didn't help.

As I noted in a Money Morning Special Broadcast sent out just after the speech on Friday, the Democratic presidential candidate proposed to double capital gains taxes on most investors.  There was no mention in her speech of any desire to extinguish the egregious "carried interest" tax that allows her richest private equity donors to pay lower taxes than their secretaries. But her proposal was neither about showing political courage nor intelligent tax and economic policy.

It was merely one more cynical effort to appeal to left-wing Democrats by a woman who is desperately searching for an original or compelling idea to support her candidacy...Someone call me when she finds one.

Amazon.com's Earnings Stunner (Nasdaq: AMZN)

Money Morning Technical Trading Specialist D.R. Barton appeared on CNBC World after Amazon.com (Nasdaq: AMZN) blew away all analysts' expectations and turned in a stellar profit of $0.19 per share on $23.18 billion in revenue.

Life is about to get even better for shareholders as the e-commerce giant looks to put revenue worries to rest forever.

Don't miss D.R.'s look at CEO Jeff Bezos' "take over the world's retail" mentality...