The analyst thinks Atara Biotherapeutics stock could sink 34% The shares of drugmaker Atara Biotherapeutics Inc (NASDAQ:ATRA) are hurting today, following a scathing bear note from Goldman Sachs. The analyst downgraded the stock to "sell" from "neutral," and slashed its price target to $9 from $14 -- a roughly 34% discount to last night's close. Goldman cited Atara's lack of near-term catalysts an...Read More
Short interest dropped drastically during the most recent reporting periodDrugstore name Rite Aid Corporation (NYSE:RAD) is quickly erasing yesterday's post-earnings gains, 8.4% lower at $7.17 at last check. Today's pullback is far from unusual for the shares, however, with the stock within one standard deviation of a key trendline -- one which holds historically bearish implications. Specifical...Read More
Barkerville Gold Mines was acquired this week for $257 million US by Osisko Gold Royalties.The company delivered a Preliminary Economic Assessment just last month, with an after-tax NPV (5%) of $310 million.This articles discusses how this acquisition stacks up against other takeovers over the past five years.Barkerville Gold Mines (OTCPK:BGMZF) was acquired this week by Osisko Gold Royalties (OR)...Read More
Applied Genetic Technologies' eye disease drug met its early-stage goalsTwo drug stocks are cheering promising trial data this morning. First up is blue-chip Pfizer Inc. (NYSE:PFE), which reported positive results in its late-stage trials of an oral drug for severe eczema. The treatment met the main goal of the study, and the full results will be presented at an upcoming conference next month in...Read More
It's been a wild ride for BOX stock this monthBox Inc (NYSE:BOX) is trading down 5% at $16.21, after J.P. Morgan Securities downgraded the shares to "underweight" from "neutral," citing increased competition from Microsoft (MSFT) and Alphabet's (GOOGL) Google. The brokerage firm said a survey it ran showed many Box customers are considering changing to one of these two competitors, and many are at...Read More
MTCH is already up 73% in 2019Evercore ISI lifted its rating on Match Group Inc (NASDAQ:MTCH) to "outperform" from "in line," and boosted its price target to $95 from $78 -- a 33% premium to last night's close at $71.44, and just below the stock's Aug. 7 record high of $95.31. In reaction, MTCH stock is up 3.6% at $74.01.Match Group shares have already turned in a strong performance in 2019, up 73...Read More
Las Vegas Sands is set to replace Nektar Therapeutics on the S&P 500 next weekIt was announced last night that casino name Las Vegas Sands Corp. (NYSE:LVS) will be joining the S&P 500 Index (SPX), replacing Nektar Therapeutics (NKTR), which is headed to the S&P MidCap 400 Index (MID), prior to the open next Thursday, Oct. 3. The equity is up 4.7% at $58.48 in response, set for its highest close in...Read More
Several analysts have handed out bear notesCarnival Corp (NYSE:CCL) is suffering another blow this morning, mere days after the Thomas Cook collapse. In fact, CCL is down 1.8% lower at $43.18, still reeling on the back of yesterday's dismal earnings report and lowered fiscal year profit forecast. The company cited higher fuel prices for the weak outlook, despite reporting a third-quarter earnings...Read More
The U.S. and China set a date for their next round of trade negotiationsFutures on the Dow Jones Industrial Average (DJI) are above fair value this morning, after the U.S. and China said they will hold two-day high-level trade negotiations beginning on Thursday, Oct. 11, in Washington. However, pre-market gains are modest, as traders digest an onslaught of economic reports, including a slimmer-tha...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 370,39357,94961,489163,585508,730595,467628,168 Change from Prior Reporting Period 28,882-963-3,89357727,32325,56622,467 Traders 22068775253299174 Small Speculators LongShortOpen Interest 63,47730,776658,944 2,3885,48727,954 non reportable...Read More
The gold miners' stocks have largely ground sideways in the last couple months, consolidating their big mid-summer gains. That drift is slowly bleeding away greedy sentiment, but this sector remains really overbought. Gold stocks' dominant driver gold is even more overbought, and still facing a massive gold-futures-selling overhang. This makes October, gold stocks' weakest month seasonally...Read More
By: Ira EpsteinGold daily chart: sideways market. Should gold get under $1,492, this market could get very ugly, very fast. If it doesn't do that then what?Read More
By: Gary SavageThe Odds Are Very High That the Daily Cycle Has ToppedRead More
We've been monitoring Apple shares closely because they look very likely to rise at least 10% above their current $220 price before bulls are spent. AAPL is a powerful engine for the bull market, and a big rally in the stock would all but ensure that the broad averages get dragged higher or at least remain buoyant. The chart shows another reason why it may be premature to bet against the aging...Read More
Since debt was created, the Repo Man was there to handle defaulting debtors. There's a new Repo Man in town and that's the Federal Reserve. They are there to turn bank's paper into cash and bank's cash into paper. Since 1917, it all worked very well except for a few noteworthy events, like 9/11 and 2008, when the markets seized up. Now it's happening again. Why is there no liquidity? Where did all...Read More
The markets aren't reacting & they should be, says Harry Dent. As the nation faces more political upheaval we should be seeing an economic equivalent, and the fact that we're not is very concerning. Tune in for his political prognosis as the wealth effect wanes. Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Den...Read More
Eric Sprott discusses the impact that quarter end and options expiration is having on the gold price but looks forward to higher prices in the weeks ahead.Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric e...Read More
From the midst of the ongoing crypto revolution, one of its main ideologists tells RT that outdated models are going to disappear, giving way to the ultimate promise of the internet - freedom of speech, commerce and finance."You see that monopolies are trying to get more control over content. We need to have technologies that can circumvent and avoid monopolies because... their greed and their lob...Read More
"I decided to research Trump and Brady's public performances of their white masculinities and how they connect with broader debates about race and gender politics after a Continue...Read More