Bloomberg tweeted that the firm is weighing a potential sale Online education concern 2U Inc (NASDAQ:TWOU) is surging today, after a tweet from Bloomberg suggested that the firm was weighing a potential sale under pressure from activist investor Sachem Head Capital Management. The stock has added 7.3% to trade at $23.36, and the options pits are going wild in response. So far, 5,086 calls and 1,3...Read More
SE options are attractively priced at the momentOne of the hottest stocks in the last 12 months is Sea Ltd (NYSE:SE). The e-sports name has more than tripled year-over-year, culminating in a Jan. 7 record high of $41.80. But SE could just be getting started; the stock is currently flashing a historically bullish signal.More specifically, Sea's recent high comes amidhistorically low implied volat...Read More
InVitae's recent rally looks short-livedBiotech InVitae Corp (NYSE:NVTA) is down 2.3% this afternoon -- set to snap its three day win streak -- though the catalyst is unclear. Prior to today's drop, the equity was recovering from its early January lows near $15, but remains up 22% year-to-date. However, supported by today's drop, now might be the time to take a step back from NVTA, as data from Sc...Read More
The Dow and its peers are back near breakeven at middayThe Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) have all hit new highs today, though a big drop in job openings in Novemberhas pulled the major indexes back near breakeven on the day. In turn, the Dow's four-day win streak is in jeopardy -- though stocks' weekly gains appear firmly in place. Elsewher...Read More
TWTR has been attempting to recover from its fourth-quarter lowsSocial media giant Twitter Inc (NYSE:TWTR) is trading below breakeven this morning, last seen down 0.3%, at $34.08. The shares are struggling after receiving an early morning downgrade out of UBS. The firm downgraded TWTR to "neutral" from "buy," and cut its price target to $35 from $37, citing expectations for higher R&D and investm...Read More
The shares of IMBI and DRRX are moving in opposite directionsWhile stocks on the whole are set to close the week on a strong note, we're taking a closer look this morning at penny stocks iMedia Brands Inc (NASDAQ:IMBI) and Durect Corporation (NASDAQ:DRRX). Here's a look at what's moving the shares of IMBI and DRRX this morning. For IMBI, the shopping experience specialist has seen its stock jump 5...Read More
GPS is staring up at its 200-day trendline stillRetailer Gap Inc (NYSE:GPS) is in focus this morning, after abandoning its plans to spin off Old Navy. Instead, the company will focus on recuperating its dropping sales figures. Five analysts have upped their price targets in response, including to $20 from $19 at Wedbush. An analyst at Jefferies said it will "take time to heal," but called it the...Read More
Comcast just revealed more details about its new streaming service, Peacock The shares of broadcasting name Comcast Corporation (NASDAQ:CMCSA) are eyeing their fifth straight win today as more details from the firm's streaming service Peacock roll out. The firm said it will offer a free tier of the service, as well as a $5 a month option -- which will include advertising -- in order to win over cu...Read More
Stocks are set to close a big week on a bullish noteThe Dow Jones Industrial Average (DJI) is setting its sights on a fifth straight win and another record high, as stock futures point to another up day to close out a big week on Wall Street. Stocks recently have been fueled by the signing of the "phase one" trade deal and positive economic data, including this morning's strong update on housing s...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 376,80957,574137,119221,358571,177735,286765,870 Change from Prior Reporting Period -6,671-3,615-2,24418,90612,6449,9916,785 Traders 22466835759312181 Small Speculators LongShortOpen Interest 61,59731,013796,883 1,0354,24111,026 non reportable positionsCh...Read More
After opening flat today, shares of Platinum Group Metals Ltd. climbed to a new 52-week high price fueled by high demand and increases in platinum group metals prices. The firm claims its primary objective is now the advancement of the palladium dominant Waterberg Project in South Africa.After reporting quarterly earnings earlier this week, Vancouver-based platinum and palladium focused mining com...Read More
The explorer that owns the asset reports the final results of its 2019 core drill program. Black PineLiberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) announced in a news release that the six large diameter core holes drilled at Black Pine in Idaho all returned thick intervals of high grade oxide gold mineralization. With these results, all holes drilled thus far at the project have been reported.Hole LB...Read More
After watching Crude Oil fall from the $65ppb level to the $58 ppb level (-10.7%) over the past few weeks, we stillbelieve the energy sector is setting up for another great trade for skilledinvestors/traders.We are all keenly aware that Winter is stillhere and that heating oil demands may continue to push certain energy priceshigher. Yet Winter is also a time whenpeople don’t travel as...Read More
Certain precious metals, Gold, Silver, and Platinum, have shown moderate upside price trending over the past 20+ months while Rhodium and Palladium have skyrocketed higher. These more precious metals, Rhodium and Palladium, have many industrial and consumer uses. Rhodium is used in electronics and plating and Palladium is used in a variety of consumer products from Automobiles to Medic...Read More
Precious metals got off to an explosive early start to 2020 astensions between the U.S. and Iran drove safe-haven buying. Of course, gold and silver markets will need more than ageopolitical flare up to drive a long-term bull market advance.The question for investors is whether the fundamental picturenow looks promising or fleeting.In our view, the fundamentals are turning in favor ofhigher g...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 376,80957,574137,119221,358571,177735,286765,870 Change from Prior Reporting Period -6,671-3,615-2,24418,90612,6449,9916,785 Traders 22466835759312181 Small Speculators LongShortOpen Interest 61,59731,013796,883 1,0354,24111,026 non reportable positionsCh...Read More
By: Ira EpsteinGold 18-dma is the $1,540's, $20 from the current price = support. Bias is up, trend is down..Read More
Trump's impeachment progress is the key reason for gold and silver to rise. Impeachment news is the reason for gold price to rise from $1460 to $1520. Thereafter investment interest and speculative longs pushed gold past $1600. Gold prices not falling below $1530 despite some bearish news should be taken as short term positive by bulls. News on US-China trade deal (everything collected from Re...Read More
Jobs and retail data lifted Wall Street todayThe Dow roared to a fourth straight win and new record high today, thanks to upbeat retail sales and jobs data. The blue-chip index's over 200-point win can also be attributed to the details of the newly signed "phase one" trade deal with China, where it was revealed China could purchase nearly $200 billion more in U.S. goods in the coming years. The S&...Read More
The gap between the SPX and its 200-day moving average is unusually wideThe S&P 500 Index (SPX) has rallied over the past few months, and now, relative to its 200-day moving average, it's the highest it's been in about two years. Specifically, it's now 10% above the moving average. The last time it reached this level it did not go well. The S&P 500 peaked on January 26, 2018 at 14% above the movin...Read More