Jim Kramer says the charts are pointing to a rally in gold
CNBC’s Jim Cramer said: Now is the time to buy gold The signals are pointing up, according to an analysis by commodity trader Larry Williams.
The “money madThe host explained Williams’ analysis by looking at the weekly movement of gold from 2014 and data on the status of small gold speculators from the Commitments of Traders Report from the Commodity Futures Trading Commission.
Gold prices usually peak shortly after the petty speculators rally for the precious metal, and reach their lowest levels when the petit speculators are bearish, according to Williams.
“The graphs, as interpreted by legendary Larry Williams, indicate that the general public is giving up gold en masse and believes that this makes it the ideal entry time to make some buying,” Cramer said.
Abigail Ng, Crystal Hor
Here’s how to invest for returns to beat a bad year for stocks and bonds – according to the professionals
Stocks are volatile, and bonds have not done better for most of this year, with investment-grade US bonds lowering in 2022.
But analysts have been bullish lately on income investing as returns are starting to rise again.
Here are some of the ways the professionals suggest that investors can position their portfolios to diversify and protect against market volatility as well as seek higher returns as inflation continues to rise. Professional subscribers can read the story here.
– Weezin Tan
The fall of the shares of Fortinet
Shares of Fortinet fell more than 9% in extended trading after the cybersecurity company reported its quarterly results, which included free cash flow of $283.5 million, compared to FactSet’s estimate of $337.2 million. Service revenue also missed estimates.
Other cyber security stocks also declined after hours. CrowdStrike is down 1% and Palo Alto Networks is down more than 1%.
– Tanaya Michel
Walmart Objects laid off, about a week after it warned about profits
Owns Walmart I started laying off the company’s employees After about a week of the retail giant It lowered its earnings forecast He warned of a decline in consumer consumer spending due to inflation. The company described the layoffs as a way “to better position the company for a strong future,” in a statement to CNBC. Shares are down less than 1% after hours.
– Tanaya Michel
Lucid shares falter about 12%
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