Oct 03, 2019 Guest(s): Roy Sebag Founder & CEO, Men?" Inc. The U.S. political landscape could change course completely, if taking into account the possibility that a Democrat like Elizabeth Warren could win the 2020 presidential election, said Roy Sebag, CEO of Mene. Sebag added that political and macroeconomic uncertainty could add tailwinds to gold. "If you begin to consider that Trump will no...Read More
LONDON, 1 October 2019 - Comment from BullionVault is posted today on the news pages of major US investing platform Fidelity."Monday's quarter-end sell off in gold was ugly but not surprising," the report quotes Adrian Ash, director of research at BullionVault, in comments first made to news-site MarketWatch. You can read Adrian's view - also syndicated to US investing platform TD Ameritrade - in...Read More
LONDON, 1 October 2019 - Comment from BullionVault is posted today on the news pages of major US investing platform Fidelity."Monday's quarter-end sell off in gold was ugly but not surprising," the report quotes Adrian Ash, director of research at BullionVault, in comments first made to news-site MarketWatch. You can read Adrian's view - also syndicated to US investing platform TD Ameritrade - in...Read More
The gold and silver miner is profitable, with a solid balance sheet and increasing production.It raised its full-year gold output guidance and expects all-in costs to trend lower through 2021.The company has a number of exploratory assets representing upside for reserves and long-term production targets.SSR Mining Inc. (NASDAQ:SSRM), with a market cap of $1.8 billion, is a Canadian-based gold and...Read More
By: Ira EpsteinGold not reacting the way it should to the news last week, 18-week moving average now $1,442.8+Read More
The Dow and S&P finished the third quarter with a winThe Dow closed the book on September with a strong gain. The blue-chip index got an early morning boost after White House officials denied reports it was considering a cap on capital flows to China. The S&P 500 and Nasdaq both ended confidently higher, too, with a resurgent tech sector creating tailwinds. All three benchmarks finished out the...Read More
Pullback still holds above US$1,480.Gold running into a potential triangle on the daily chart.The Commitment of Traders Report is sending a dark red warning signal.Seasonality points to rising prices until January.Cup and Handle Formation could push gold towards US$1,800.Since 3rd of September, gold and the SPDR Gold Trust ETF (NYSEARCA:GLD) are consolidating and correcting. But so far bulls can h...Read More
The brokerage firm is upbeat about Newell's turnaround effortsSunTrust Robinson upgraded Newell Co (NASDAQ:NWL) stock to "buy" from "hold," and lifted its price target by $10 to $25 -- the highest on Wall Street, according to Refinitiv data. The brokerage firm said it expects the Sharpie maker's turnaround plan to continue into next year, and waxed optimistic over an end to the company's "misguide...Read More
Thor Industries stock is surging after earnings, while weak sales hits Cal-Maine stock Big gains from Apple (AAPL) are helping boost stocks at midday. Three other names making major moves are RV manufacturers Thor Industries, Inc. (NYSE:THO) and Winnebago Industries, Inc. (NYSE:WGO), as well as egg producer Cal-Maine Foods Inc (NASDAQ:CALM). Below, we'll explore what's driving the shares of THO,...Read More
Gold prices dropped over 2% Monday, settling below the psychologically important level of $1,500 to post their lowest finish in two months, as strength in U.S. dollar and some buoyancy in U.S. stocks and yields drew demand away from bullion. "Naturally, a strong U.S. dollar is a headwind for gold priced in U.S. dollars," said Michael Armbruster, managing partner at Altavest. "However, technical c...Read More
Drug data from the weekend has SGEN shares at record levelsSeattle Genetics, Inc. (NASDAQ:SGEN) is booming today, up 12% at $85.14, and earlier it hit an all-time high of $88.20, thanks to upbeat drug data presented over the weekend for its bladder cancer treatment. Analysts at Stifel, Guggenheim, and SVB Leerink all raised their price targets on the stock, the highest of $102 coming from the latt...Read More
The analyst predicted an 8% drop in sales for Tesla's third-quarter The shares of Tesla, Inc. (NASDAQ:TSLA) are down at midday, following a note from Cowen regarding the company's upcoming third-quarter deliveries report this week. Specifically, the analyst foresees a slight drop from TSLA's second-quarter numbers, predicting a sequential decline of 11% in Model 3 deliveries, with U.S. sales down...Read More
AAPL shares are at the top of the DowThe Dow Jones Industrial Average (DJI) is in positive territory today, as the U.S. stock market holds onto its early gains thanks to the White House's dismissal of reports indicating it would cap capital flows to China. Apple (AAPL) remains the top Dow gainer at midday, in response to J.P. Morgan Securities' bullish iPhone forecast, with tech as a whole standin...Read More
IMMU calls have ramped up in volume this morningOne of the worst stocks on the Nasdaq today is Immunomedics, Inc. (NASDAQ:IMMU), after the company said it was delaying the submission of its application for Food and Drug Administration (FDA) approval of its breast cancer drug until late November or early December. IMMU is down 12.2% to trade at $12.50 at last check, on track for its fifth straigh...Read More
All three analysts in coverage call the shares a "buy"Analysts are chiming in on Canadian clinical-stage biopharmaceutical firm BELLUS Health Inc (NASDAQ:BLU) today. Specifically, Jefferies initiated coverage with an "outperform" rating and a $20 price target -- a 208% premium to last night's close at $6.48. Cowen followed suit with its own "outperform" rating, saying the company holds "blockbuste...Read More
A look at the best stocks to own heading into 2020, if past is prologueWhen the S&P 500 Index (SPX) is up 10% or more year-to-date through the end of September, then October tends to be a bearish month for U.S. stocks, per recent data from Schaeffer's Senior Quantitative Analyst Rocky White. However, several stocks tend to shine in the month of October -- including Kroger Co (NYSE:KR). Meanwhile,...Read More
Gold has shown a tendency to rally in the last several Octobers.Geopolitical uncertainties support the metal's intermediate-term trend.Silver and gold stocks could use some improvement, however.It has been a shaky month for gold investors, and some worry that the metal's extraordinary bull run might be ending. While there are some technical challenges that gold faces heading into the fall seas...Read More
The firm announced new data for its cancer drugThe shares of pharmaceutical company Amgen, Inc. (NASDAQ:AMGN) are higher, after the company presented data for AMG510 at the European Society of Medical Oncology (ESMO) summit over the weekend. The treatment is currently being tested on patients with advanced colorectal cancer and those with non-small cell lung cancer in early stage studies. AMGN sto...Read More
High-grade gold project in Fiji.Potential large alkaline gold system.High upside based on exploration success.CEO has a history of developing and selling gold projects for large returns.Long-term investment (3-5 years). Stock Name Symbol (US) Type Risk Share Price (US) FD Shares FD Mkt Cap (8/29/2019) Lion One Metals OTCQX:LOMLF Gold Moderate $0.68 110M $75M As I mentioned in the bullets abo...Read More
Wedbush lifted its price target on BBBY to $16Wedbush upgraded Bed Bath & Beyond Inc. (NASDAQ:BBBY) to "outperform" from "neutral," and raised its price target by $2 to $16 -- a nearly 62% premium to last Friday's close at $9.89. The brokerage firm said it expects the retailer to announce a new CEO when it unveils its fiscal second-quarter financial report after the close this Wednesday, Oct. 2, a...Read More