J.P. Morgan still likes Amazon stock in 2019J.P. Morgan Securities this morning came out with a note reaffirming Amazon.com, Inc. (NASDAQ:AMZN) as one of its favorite stocks out of the internet sector. The brokerage firm highlighted the company's diversified revenue stream and its fast-growing digital advertising business that should eventually make it the third largest digital ad platform in the...Read More
Tanzanian President John Magufuli said on Wednesday the central bank should start buying the country's gold to curb smuggling and build reserves to stabilise the currency.On Tuesday, Tanzania named its third mining minister since Magufuli was elected in 2015. The mining sector contributes around 4.8 percent of GDP, the government said last year, but the value of many mining projects in Tanzania ha...Read More
However, the company did announce a quarterly revenue and earnings beatThe shares of Constellation Brands Inc (NYSE:STZ) are down 10.5% to trade at $154.20 this morning -- and touched a new annual low of $152.56 out of the gate -- after the company cut its full-year profit outlook. The Corona parent cited its investment in marijuana name Canopy Growth (CGC), as well as declining wine and spirits...Read More
Both EXPE and BKNG have been in a steady downtrend the last six monthsAnalysts weighed in on travel stocks this morning, and the results weren't pretty. Morgan Stanley downgraded both Expedia Group Inc (NASDAQ:EXPE) and Booking Holdings Inc (NASDAQ:BKNG) to "equal weight" from "overweight," while reducing their respective price targets to $125 and $2,050. Jefferies, meanwhile, trimmed its price ta...Read More
The brokerage firm cited an attractive risk/reward profile for MUThe shares of Micron Technology, Inc. (NASDAQ:MU) are trading up 6.4% at $35.89, after an upgrade to "outperform" from "market perform" at Bernstein. The brokerage firm said the memory chip stock's recent sell-off has created an attractive risk/reward backdrop, and cited expectations for an earlier-than-expected recovery in DRAM pric...Read More
Getting "funded" means traders can take risks without putting their own money on the line.It is possible to build a large portfolio and never lose money from a trade ever again.Need proof?Here's how it works... Every day, "regular" traders turn into professional part-time "funded traders" using a unique trading program.All it takes is undergoing training, and learning the materials.Then someone li...Read More
Silvercrest Metals (TSXV: SIL; NYSE: SILV) continues cutting high grade mineralization at its Las Chispas silver property in Sonora, Mexico.The latest results from a phase three infill drill program at the property included 9.3 metres grading 39.66 grams gold and 3,361 grams silver, or 6,336 grams silver equivalent, from 194 metres downhole and 2.4 metres at 4.3 grams gold and 1,571.5 grams silve...Read More
Trade talks between the U.S. and China went past the planned two-day windowFollowing yesterday's positive session, Dow Jones Industrial Average (DJI) futures are trading above fair value again. U.S.-China trade talks will remain the key focus, as the countries moved into an unscheduled third day of negotiations. Details of the talks, now concluded, are expected soon. Traders will also monitor head...Read More
Canadian junior Equinox Gold (TSX-V: EQX) is in the countdown to begin commercial production at its Aurizona gold mine in Brazil, bringing the company closer to its goal of becoming a leading mid-tier producer of the yellow metal.Equinox is building the 136,000 ounces-per-year Aurizona gold mine in Brazil, which is expected to start production in Q1.As part of its growth strategy for 2019, the co...Read More
Canadian junior Equinox Gold (TSX-V: EQX) is in the countdown to begin commercial production at its Aurizona gold mine in Brazil, bringing the company closer to its goal of becoming a leading mid-tier producer of the yellow metal.Equinox is building the 136,000 ounces-per-year Aurizona gold mine in Brazil, which is expected to start production in Q1.As part of its growth strategy for 2019, the co...Read More
• The prevalent risk-on mood continues to dent safe-haven status. • Expectations of a dovish Fed/USD weakness helped limit downside. • Focus remains on today’s release of the FOMC meeting minutes. Gold struggled to build on the overnight attempted rebound from sub-$1280 level and traded with a mild negative bias for the se...Read More
The Rainy River mine produced 77,202 toz gold in Q4 2018, which is a new record high.The mill throughput finally approached the nameplate capacity.New Gold reached the 2018 gold production target and exceeded the copper production target.Some important news regarding future Rainy River and New Afton C-Zone development should be released later this month, together with the 2019 production guidance....Read More
San Marco Resources (TSXV: SMN) today announced that, following the completion of a first-phase of exploration and evaluation, experts were able to confirm the existence of a porphyry copper-molybdenum-gold system at the Esp?-ritu SMR property in northern Mexico's Sonora state.The 4697-hectare Esp?-ritu SMR property is located approximately 15 kilometres east of the town of Sahuaripa and is 100% o...Read More
Shares in Egypt-focused gold miner Centamin (LON:CEY) (TSX:CEE) nosedived Wednesday in London after the company posted a 13% drop in full-year gold output from Sukari, its only operating mine and the African country's sole bullion-exporting operation.The company produced 472,418 ounces of gold at the Sukari mine last year, compared to 544,658 ounces in 2017, due to disruptions and lower grades at...Read More
Shares in Egypt-focused gold miner Centamin (LON:CEY) (TSX:CEE) nosedived Wednesday in London after the company posted a 13% drop in full-year gold output from Sukari, its only operating mine and the African country's sole bullion-exporting operation.The company produced 472,418 ounces of gold at the Sukari mine last year, compared to 544,658 ounces in 2017, due to disruptions and lower grades at...Read More
* Chinese currency depreciation to help exports * Copper's resistance at $6,110 where moving averagesconverging (Updates with closing prices)By Pratima DesaiLONDON, Jan 9 (Reuters) - Copper prices climbed to one-weekhighs on Wednesday after reports of fresh stimulus in topconsumer China and signs of progress in Sino-U.S. trade talksreinforced expectations of stronger growth and demand.Benchmark co...Read More
Concentrate exports from Indonesia's Grasberg mine, the world's second-largest copper mine, will drop about 85% this year because of a lag in output while operations shift from open pit to underground mining, a government official said on Wednesday.Shipments this year are expected to fall to 200,000 tonnes from an estimated 1.2 million tonnes last year, Yunus Saefulhak, director of minerals at Ind...Read More
Published8:21PM ET Tue,8 Jan 2019Updated6 Hours AgoReuters Simon Dawson | Bloomberg | Getty ImagesGold will continue to shine amid a weak dollar, says author and gold pro Jim Rickards.Palladium scaled a fresh all-time high on Wednesday after a Chinese official said the government was contemplating policies to increase domestic buying of automobiles, while gold was propped up by a falling dollar...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose for a third straight day amid cautious optimism over the prospects for a trade deal between the U.S. and China.Donald Trump said in a tweet that discussions between the world's two largest economies were "going very well."Union Pacific Corp. (UNP) jumped 8.4% after the railway operator said indu...Read More
The Tuesday Market Minute Global stocks trade higher as investors eye progress in U.S. China trade talks, but weaker-than-expected Samsung profit forecast rattles tech markets. Samsung cites softer China demand as it tees-up an 11% fall in fourth quarter sales and smaller-than-expected profits in a "stagnant and fiercely competitive smartphone market" smartphone market.European st...Read More