HEPA and SYRS stocks are moving on drug newsThe U.S. stock market is modestly higher, as Wall Street awaits updates on a potential Brexit deal. Several individual stocks are making big moves, though, including biopharmaceutical names Hepion Pharmaceuticals Inc (NASDAQ:HEPA) and Syros Pharmaceuticals Inc (NASDAQ:SYRS), as well as cannabis concern Cronos Group Inc (NASDAQ:CRON). Here's a quick round...Read More
SNAP has soared 150% in 2019Snapchat parent Snap Inc (NYSE:SNAP) is moving higher this afternoon, last seen up 1% at $13.80. SNAP has had a noteworthy year on the charts, now up 150% in 2019, and just off a double top near the $18 level. In recent weeks, the stock has pulled back -- and its 14-day Relative Strength Index (RSI) is bordering on "oversold" territory -- but has benefited from a doubl...Read More
The EU is raising antitrust concerns with the Apple Pay serviceFAANG stocks are in focus today, ranging from Netflix's blowout earnings to Amazon.com's (AMZN) Ford partnership. As far as Apple Inc. (NASDAQ:AAPL) is concerned, the Financial Times reported that European Union (EU) regulators are looking into the tech icon's Apple Pay service over antitrust issues. The report is helping offset a pr...Read More
A long-term bull signal just flashed for JetBlue ahead of next week's earnings report JetBlue Airways Corporation (NASDAQ:JBLU) just announced a partnership with Norwegian Air to expand its transatlantic network, potentially increasing traffic and average fares. Shares of the flight concern are inching higher today in response, extending their rebound off the early October low of $15.87. What's mo...Read More
McDonald's, Chipotle, and Microsoft are some of the other big names ready to reportEarnings season is set to continue in a big way, with a heavy dose of blue-chip stocks featured on the upcoming calendar. Even outside of Dow components there are plenty of high-profile names due to report, including Amazon.com (AMZN), Tesla (TSLA), and Twitter (TWTR). Below is a brief list of some key market events...Read More
An excessive amount of optimism was priced into Shake Shack stockSubscribers to Schaeffer's Players service just scored a nice profit on the Shake Shack Inc (NYSE:SHAK) October 100-strike put. Below, we'll explain why we expected a big downside move from SHAK shares, and how the winning trade unfolded in two partial closes.At the time of our initial recommendation on Wednesday, Sept. 25, SHAK wa...Read More
The tentative Brexit deal with the EU still needs to go through U.K. parliament The Dow Jones Industrial Average (DJI) is cautiously higher today, as Wall Street digests the Brexit headlines across the pond. The blue-chip index was up triple digits at its session highs, after word of a potential Brexit deal with the European Union (EU) was reached. But the Dow has pared those gainsas the day w...Read More
PYPL's pullback has stalled near key technical levelsPayPal Holdings Inc. (NASDAQ:PYPL) stock topped out at a record high of $121.48 in mid-July, before embarking on a weeks-long slide that had the shares logging three monthly losses in a row. This pullback may have created an intriguing trade opportunity on PYPL stock, though, considering the shares are now perched near a trendline that's marked...Read More
Data from the major exchanges shows traders were betting bullishly in recent weeksMorgan Stanley (NYSE:MS) is trading up 2.9% at $44.04, thanks to the company's strong showing in the earnings booth. The bank reported earnings per share of $1.27, easily surpassing the average analyst estimate of $1.11, due mostly to its fixed income business. The gap higher for MS shares has them clearing the 200-d...Read More
This is Tesla's longest winning streak everElon Musk and Tesla Inc (NASDAQ:TSLA) got some good news this morning, after the electric carmaker was added to China's government list of approved automotive manufacturers. With the certificate, Tesla can now begin manufacturing in China, and aims to produce 1,000 Model 3s per week by the end of 2019. In response to the approval, Tesla stock is up 1%...Read More
Most analysts are already skeptical of BIIB stockBofA-Merrill Lynch resumed coverage on Biogen Inc (NASDAQ:BIIB) with an "underperform" rating and a $200 price target -- a more than 12% discount to last night's close. The brokerage firm cited increasing competition for the drugmaker's Spinraza, as well as a high risk/reward pipeline.Most analysts are already on the sidelines when it comes to Bioge...Read More
CRUS has been consolidating since its Aug. 1 peak Semiconductor supplier Cirrus Logic, Inc. (NASDAQ:CRUS) is moving 3.7% higher to trade at $56.59 this morning. Behind the lift is a fresh upgrade to "equal-weight" from "underweight" and price-target hike to $55 out of Barclays. The analyst wrote that the firm no longer sees "a catalyst to the downside" and is expecting strength next year on the p...Read More
The firm said it would be partnering with Amazon and Electrify America on expanding its electric car charging options Shares of Ford Motor Company (NYSE:F) are inching higher today, following the firm's announcement that it is teaming up with Amazon's (AMZN) Home Services to install home charging options for its electric cars. The company also unveiled a new public charging network in collaboratio...Read More
Netflix earnings are in focus this morningU.S. stocks are pointing to a positive open this morning. Traders are monitoring a potential Brexit deal between the European Union and the U.K., though it's uncertain if the agreement will pass Parliament this weekend. Back on the home front, earnings remain in focus, with names like Morgan Stanley (MS), IBM (IBM), and Netflix (NFLX) making big moves afte...Read More
* Palladium hits fresh high of $1,783.21/oz * GRAPHIC-Platinum/palladium ratio: (Adds comments, updates prices)By Eileen SorengOct 17 (Reuters) - Gold edged up on Thursday as investorsfocused on lingering uncertainties over U.S.-China trade ties,while deficit-ridden palladium soared to another record high.Spot gold rose 0.3% to $1,494.05 per ounce at 1336GMT. U.S. gold futures also rose 0.3% to $1...Read More
Rene Magritte's 1929 painting "The Treachery of Images," depicts a tobacco pipe with a caption that reads "Ceci n'est pas une pipe," (French for "This is not a pipe"). Everyone who has taken a course in modern art knows that Magritte's exercise in contradiction was meant to draw a distinction between a real thing and a representation of that thing. Perhaps we should send Federal Reserve Chairman...Read More
COLORADO SPRINGS, CO, Oct. 17, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE - Gold Resource Corporation (NYSE American: GORO) (the "Company") reports record preliminary gold production results for the third quarter ended September 30, 2019 of 11,165 ounces, reflecting the growing gold production impact from its Isabella Pearl mine, located in Mineral County, Nevada. In addition, the Company...Read More
- Avi GilburtWhile we have been tracking the metals market for the next rally set-up, we have seen some signs that the market may attempt to begin that rally sooner rather than later. However, I have to be honest in noting that I am seeing more signs that lower levels may still be struck before we are ready for that rally. So, as I have been saying for the last few weeks, I am going to stil...Read More
By: Ira EpsteinGold has support around $1,470 level. Daily gold chart is in a stall..Read More
"They [Federal Reserve] don't know what they're doing!"Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to in...Read More