Morgan Stanley downgraded the electric automaker to "underweight" from "equal-weight"Tesla Inc (NASDAQ:TSLA) is getting hit with a bear note from Morgan Stanley just two days after the stock nabbed an all-time high of $547.41. The analyst downgraded the electronic auto manufacturer to "underweight" from "equal-weight" but lifted its price target to $360 from $250 -- still a sizable deficit off las...Read More
Traders at the major exchanges have picked up long calls at a rapid paceData from the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) shows there's been unusual interest in long ArcelorMittal SA (ADR) (NYSE:MT) call options. The steel concern's 10-day call/put volume ratio comes in at 12.63, a reading that ranks in the bullish 97th annual percenti...Read More
Earnings season will be picking back up this week with several blue chips Despite Monday's market closure in honor of the Martin Luther King Jr. holiday, it's shaping up to be a busy week ahead. For starters, traders can expect quarterly reports from blue chips American Express (AXP), IBM (IBM), Intel (INTC), Johnson & Johnson (JNJ), Procter & Gamble (PG), and Travelers (TRV). FAANG name Netflix...Read More
Cambell Soup just pulled back to a bullish signal on the charts During the past 12 months, packaged food manufacturer Campbell Soup Company (NYSE:CPB) has been on a climb higher. Year-over-year, the stock has added 36%, and it just came off a two-year high of $49.55 in early January. More upside could be in the soup stock's future, though, should history be any indication.Specifically, CPB just pu...Read More
Options have been running hot ahead of the company's earnings reportJoining the busy earnings slate this week is distribution name Fastenal Company (NASDAQ:FAST). The company is scheduled to report earnings before the open tomorrow, Jan. 17. Below we will take a look at how FAST has been faring on the charts, and what the options market is pricing in for post-earnings moves. At last check, the equ...Read More
The Dow hit another fresh high amid well-received weekly jobless claims and December retail salesThe Dow Jones Industrial Average (DJI) has continued its steady rise higher at midday, touching another record high, as Wall Street looked towards promising economic data, namely upbeat retail sales and jobless claims. A post-earnings pop from bank name Morgan Stanley (MS) and a finalized "phase one"...Read More
AOBC has climbed in recent monthsShares of firearm maker American Outdoor Brands Corp (NASDAQ:AOBC) are down 0.4% at $9.54 this morning, the stock buzzing on news that the company's CEO James Debney has been ousted by the board effective immediately, after violating a non-financial company policy. Longer term, the equity has added over 77% from its Oct. 3 low, and is now sporting a 3.2% year-to-d...Read More
iRobot has been trending higher recentlyThe shares of iRobot Corporation (NASDAQ:IRBT) are sporting a 7.7% gain this morning to trade at $57.51, putting them on pace for their best close since October and a second straight finish atop the 100-day moving average after roughly nine months below the trendline. Today's upside is coming thanks to an upgrade to "market perform" from "underperform" at Ra...Read More
The streaming giant just partnered with Ben & Jerry's to create a new flavor of ice creamNetflix Inc (NASDAQ:NFLX) stock is popping today, after the streaming giant announced its partnership with Ben & Jerry's to create a flavor of ice cream called "Netflix & Chill'd," which will feature fudge brownies and pretzel swirls in peanut butter ice cream. The stock is up 1% to trade at $343, at last che...Read More
Stocks are set for fresh records yet againU.S. stock futures are pointing to a big day, set to build off Wednesday's bullish session. The Dow Jones Industrial Average (DJI) is eyeing a more than 200-point pop at the open, and the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are set for strong opens, as well, with all three major indexes again set for record highs. Investors continue to respond t...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
- Gary Christenson, The Deviant InvestorIt was the best of times, it was the worst of times, it was the age of QE, it was the age of fiscal foolishness, it was the epoch of the Fed Put, it was the epoch of Greater Fool Theory, it was the season of golden light, and it was the season of fiat darkness.My apologies to Charles Dickens. Miles Franklin sponsored this article by Gary Christenson....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
In conversation with Maurice Jackson of Proven and Probable, the CEO elaborates on what could be a "company-making" event. Maurice Jackson: Joining us for a conversation is David Cole of EMX Royalty Corp. (EMX:TSX.V; EMX:NYSE.American), the royalty generator. Pleasure to be speaking with you today to discuss a series of accretive transactions that EMX Royalty has consummated that continue to rewa...Read More
The Critical Investor sits down with Rick Rule, CEO of Sprott U.S. Holdings, for a wide-ranging discussion of his more than four-decade-long involvement in the resource sector. Several months ago I thought of something different. Wouldn't it be nice to interview the real movers and shakers in the mining industry? I decided to start with Rick Rule who is present at almost every conference I go to...Read More
Though never drill tested, the company believes the area is highly prospective for gold. Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced in a news release it signed an option agreement to earn a 100% interest in Bounty Gold Corp.'s H Lake property, thereby expanding its property holdings in Ontario's Red Lake District."With this second option we have secured what we believe to be the most fa...Read More
All of the firm's aims center on rapidly advancing its deposit in Canada. Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTC; 35D:FSEQB) reported in a news release its 2020 goals for its Wicheeda rare earth elements (REEs) project near Prince George, Canada."We expect 2020 to be a watershed year of significant rerating for Defense Metals and an elevated presence amongst our peers," President and CEO Cra...Read More
The transaction will expand the company's portfolio of properties. Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) agreed to acquire Chalice Gold Mines Ltd.'s (CXN:TSX; CHN:ASX) South Rim property for 10 million shares, it announced in a news release. "We are extremely excited to expand the company's portfolio of properties with this acquisition," Black Tusk CEO Chief Richard Penn sa...Read More
The numbers from the company's three operations are reviewed in a CIBC report. In a Jan. 12 research note, CIBC analyst Cosmos Chiu reported that Dundee Precious Metals Inc. (DPM:TSX) posted a solid Q4/19 and its production for 2019 fell well within the guidance range. "Overall, the results confirm that the company is set up for a strong 2020 as Chelopech's high-margin production is complemented...Read More
The potential of this company's asset is discussed in an Echelon Wealth Partners report. In a Jan. 10 research note, Echelon Wealth Partners analyst Gabriel Gonzalez purported that Revival Gold Inc.'s (RVG:TSX.V) updated Beartrack and Arnett Creek resource estimate, expected between mid and late Q1/20, should show growth and that "potential for much more" exists.Echelon expects the updated gold r...Read More