Getty ImagesPresident Donald Trump is demanding that border-security funding be a part of a bill to head off a looming government shutdown. President Donald Trump on Thursday demanded that border-security funding be a part of a bill to head off a looming government shutdown, as Washington had a little more than a day to keep operations going. TRUMP DEMANDS SECURITY MONEY With a partial shutd...Read More
Oil prices also fell to an annual lowThe recent selling pressure intensified today, with the Dow and S&P touching new annual lows, and the Nasdaq briefly entering bear-market territory -- defined as 20% off its all-time high. Lingering concerns about the Fed and plummeting oil prices weighed on stocks, while a standoff in Washington, D.C. fueled fears of a government shutdown. Specifically, Presid...Read More
Investors seem way too enamored of this "value" telecom nameThe financials, "fundamentals," and technicals for AT&T (NYSE:T) come down to -- Good: 6.6% dividend yield. Bad: Crushing $185 billion debt load, shares that peaked (without subsequently looking back) in 1999, and a business that has piled one costly acquisition on top of another and still cannot grow. Ugly: The accompanying chart (which...Read More
AES stock could rally after testing support at its 80-day moving average, if past is precedent Despite a recent pullback, shares of AES Corp (NYSE:AES) are still up 35.5% year-to-date, and has outperformed the S&P 500 Index (SPX) by more than 25 percentage points in the past three months. Plus, the utility stock just met up with its 80-day moving average -- a sign that, if history is any indicator...Read More
Shares of ADMA, SPPI, and DBVT are crashingStocks are again falling to new lows today, as headlines point to a potential government shutdown. Looking at the Nasdaq in particular, three of the worst performers are ADMA Biologics Inc (NASDAQ:ADMA), Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI), and DBV Technologies (NASDAQ:DBVT). We'll take a closer look at the shares of biotech stocks ADMA, SPPI, an...Read More
Nighthawk Gold is eagerly awaiting the construction of a 97 km all weather, gravel road from about 40 km south of Behchoko to the community of Whati. The company's flagship Indin Lake exploration project would benefit from a shortened ice road to the site.The Indin Lake property includes the former Colomac gold mine that produced more than 525,000 oz. of gold in the 1990s. Nighthawk acquired the m...Read More
Analysts were unusually upbeat toward the struggling cruise nameSubscribers to Schaeffer's Weekly Options Trader service scored a 118% profit with the Carnival Corp (NYSE:CCL) weekly 12/14 62-strikeput we recently recommended. We'll take a closer look at why CCL stock appeared on our bearish radar, and how the winning options trade unfolded.When we entered the position on Friday, Nov. 30, the crui...Read More
Housing data will trickle in toward the end of the weekWhile the market has undoubtedly seen heightened volatility in the weeks leading up to Christmas, next week -- typically a bullish week for stocks -- should be relatively quiet, at least as far as Wall Street's calendar is concerned. Stocks will have an abbreviated session on Monday, with a break in trading on Tuesday for Christmas. The week w...Read More
The Air Force deal was a "very nice win" for the company, says RBCWhile most U.S. stocks are swimming in red ink today, shares of Pivotal Software Inc (NYSE:PVTL) are bucking the trend to trade higher. Bolstering the equity is an upgrade to "outperform" from "sector perform" at RBC, which waxed optimistic on Pivotal's software and services contract with the U.S. Air Force, calling it "a very nice...Read More
A Wisconsin district court has dismissed a lawsuit by the Menominee Indian Tribe of Wisconsin's lawsuit against both the United States Environmental Protection Agency and the U.S. Army Corps of Engineers that alleges they should have presided over Aquila Resources' (TSX: AQA; US-OTC; AQARF) wetlands permit application for its Back Forty Creek polymetallic project in Michigan.The Michigan Departm...Read More
Bravada Gold (TSXV: BVA) (OTCQB: BGAVF) today announced an option/joint venture agreement has been fully executed with OceanaGold, giving the company the option to earn up to a 75% interest in Bravada's Highland gold-silver project in Nevada's Walker Lane Gold trend.The Highland project consists of 102 Federal lode claims for a total of approximately 825 hectares and is located along the Walker...Read More
Gold is likely to end 2018 with its first annual loss in three years, but sentiment has improved in recent months. Prices for the precious metal are on track for the biggest quarterly rise in nearly two years, with analysts forecasting further gains in 2019. "Gold has rallied, in fits and starts, since its August bottom," says Brien Lundin, editor of Gold Newsletter. As of Wednesday, the metal GCG...Read More
The selling continues on Wall StreetThe Dow Jones Industrial Average (DJI) continues to fall following yesterday's Fed decision, trading at fresh annual lows once again. A post-earnings decline from Dow component Walgreens Boots Alliance (WBA) is also weighing on the index, as are headlines about a potential looming government shutdown. This all has the S&P 500 Index (SPX) and Nasdaq Composite (IX...Read More
WBA stock is set for a sixth straight lossShares of Walgreens Boots Alliance Inc (NASDAQ: WBA) are down 3.3% to trade at $70.60 this morning, despite reporting quarterly adjusted earningsthat beat analysts' expectations. Traders are apparently reacting to a steeper-than-expected drop in same-store sales, and the pharmacy giant announced plans to cut more than $1 billion in costs over the next thre...Read More
This stunning research revealed by the former hedge-fund who predicted the last NASDAQ crash could have some Americans thinking twice before hoarding cash.Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is go...Read More
It's a bold call given the current market climateDespite the huge declines in their share prices, many analysts have stuck behind FAANG stocks. Just this morning, Morgan Stanley named Facebook, Inc. (NASDAQ:FB), Amazon.com, Inc. (NASDAQ:AMZN), and Alphabet Inc (NASDAQ:GOOGL) its top picks from the internet space for 2019. The brokerage firm suggested that digital advertising won't be negatively ef...Read More
The company will research CBD-infused beverages for CanadaThe shares of Tilray Inc (NASDAQ:TLRY) are up 7.4% to trade at $76.25, after the company announced a $100 million joint venture with Anheuser Busch Inbev NV (NYSE:BUD) to research THC- and cannabinoid-infused beverages in Canada. The country, which legalized recreational pot in October, is expected to approve weed-based drinks and edibles i...Read More
One little-known company already has the key to efficient, high-quality, low-cost cannabis production.Cannabis 2.0 is coming.And it's going to be huge. With huge margins and international attention...The cannabis sector is poised to explode. Some analysts are predicting that the industry will reach $500 billion. With stakes that high, only the most efficient and competitive cannabis players will...Read More
Stock futures have gradually moved lower, hinting at potential weakness at the openDow Jones Industrial Average (DJI) futures are trading slightly below fair value, with stocks still on shaky ground after sliding to new lows yesterday. While traders will certainly continue to consider the Fed's actions, there's also plenty to watch on the earnings front. Namely, Dow stock Walgreens Boots Alliance...Read More
Fixes story to reflect the indexes for new orders and employment increased. Getty Images A view of U.S. Steel Edgar Thomson Steel Works along the Monongahela River, March 10, 2018 in Braddock, Pennsylvania. The numbers: The Philadelphia Fed manufacturing index in December fell to a seasonally adjusted reading of 9.4, from 12.9 in November to reach the lowest level since August 2016. Any read...Read More