The shares hit a record low just last weekH.C. Wainwright initiated coverage on INmune Bio Inc (NASDAQ:INMB) with a "buy" rating and an $11.50 price target -- a nearly 94% premium to last night's close. The analyst in coverage expects the California-based biotech's two cancer drugs to launch in 2024, and believes they "have the potential to become a platform therapy."In reaction, INMB shares up 4....Read More
The airline stock is down more than 5% todayStifel slapped Hawaiian Holdings, Inc. (NASDAQ:HA) with a double downgrade to "sell" from "buy," and slashed its price target on the regional airline stock to $20 from $30 -- a 21.3% discount to last night's close at $25.42. In reaction, HA stock is down 5.6% to trade at $23.99, earlier hitting a nearly four-year low of $22.84.Today's downside is nothing...Read More
CyberArk's recent pullback has found support at its 160-day trendlineThe shares of CyberArk Software Ltd (NASDAQ:CYBR) are up 3% to trade at $119.46 this morning, after Cowen initiated coverage on the software name with an "outperform" rating and $145 price target, a 20% premium to its current perch. The analyst in coverage glowed about CyberArk's market position in the Privilege Access Security...Read More
Most analysts already love NOW stockServiceNow Inc (NYSE:NOW) is up 2.5% out of the gate to trade at $262.47, thanks to a bullish note out of Stifel. The brokerage firm's analysts raised their rating on the shares to "buy" from "hold," and boosted their price target to $320 from $290, saying their checks on ServiceNow's partners suggest no slowdown in the business. It added that newer products sho...Read More
Tilray's CEO called it a "significant milestone"A Portuguese subsidiary of Tilray Inc (NASDAQ:TLRY) signed a dealwith Cannamedical Pharma to ship $3.3 million worth of medical cannabis to Germany by the fall. "This is a significant milestone for Tilray," said CEO Brendan Kennedy. As a result, TLRY stock is up 3.9% at $30.45 -- set to snap its five-day losing streak. The losing streak started on A...Read More
Wall Street is waiting for the Fed minutes, due later today Dow Jones Industrial Average (DJI) futures are pointing to triple-digit gains this morning, getting a shot in the arm from a round of upbeat retail earnings. After the blue-chip index snapped its three-day winning streak yesterday, investor fears of a faltering domestic economy are being temporarily assuaged by blowout quarterly reports f...Read More
An increasing yield spread has historically marked a prime time to sell stocksThe yield curve briefly inverted last week, sparking recession fears and inciting a market sell-off. The S&P 500 Index (SPX) fell almost 3% last Wednesday, Aug. 14, on the news. The inverted yield curve seems to be the most notorious recession indicator there is. The chart below, in part, explains its bad reputation. The...Read More
By all accounts, Newmont's recent Q2 EPS report was disappointing and a big miss.That said, there is a clear line-of-sight toward acquisition synergies and, of course, a strong course for its primary product, gold.In spite of the messy Q2 report, I reiterate my $45 price target. That equates to a ~16% gain from here.Potential upside catalysts to my PT are: better and faster than expected syner...Read More
Gold has consolidated a bit in the recent week, but is still trading at ~$1,500/oz.At ~$1,500/oz gold, project economics and the ability to generate free cash flow should improve drastically for the higher-quality gold projects out there.My current top 5 developers at $1,500/oz gold are (in order of closest to declare commercial production): Victoria Gold, West African Resources, Orezone Gold, Car...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average declined Tuesday as bulls took a step back from Wall Street's recent surge to digest earnings from Home Depot (HD - Get Report) and prepare for a flurry of activity from the Federal Reserve. Home Depot traded higher after the No. 1 home-improvement retailer reported second-quarter ear...Read More
The largely synchronized moves in gold, copper and oil have been disrupted in part by the trade war and U.S. monetary policy. Blu Putnam, Chief Economist at CME Group, explains. More insights Read more stories like this on OpenMarkets. And for trader tools and resources visit: https://activetrader.cmegroup.comRead More
The yellow metal always makes headlines whether it's price go up, down or remain stagnant. And it's clear that the price of gold is volatile. So, should you add gold to your portfolio? "I like gold as a part of a portfolio, but it should be a percentage of the portfolio," said Tony Drake, CEO at Drake and Associates in our Ask the Expert series. "But like anything else who want to...Read More
By: Ira EpsteinGold nearing its 18-DMA support ~$1,490. Gold hit $1,503, new lower high short-term. Lost overbought momentum:Read More
Stewart Thomson, Graceland Updates 1. More powerful money managers are stepping forward to recommend gold in a negative real rates environment.2. Please click here now. The focus of these elite money managers and analysts is mainly on bullion.3. Many of the more speculative junior miners that trade on the CDNX have yet to participate in this gigantic rally, but that may indica...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Jay introduces the guests and sponsors for the day's program and Michael Oliver shares his latest sense of direction for precious metals, currency, debt and equity markets.Read More
Frank Holmes, the CEO and Chief Investment Officer of U.S. Global Funds, helps us look into the future with has strong understanding of gold and gold shares markets.Frank Holmes is the CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging m...Read More
"We're looking at that very seriously, birthright citizenship, where you have a baby on our land, you walk over the border, have a baby - congratulations, the baby is now a U.S. Continue...Read More
From bankruptcy court to financial independence... Self-made multi-millionaire and author of the new book "Don't Save for Retirement - A Millenial's Guide to Financial Freedom,"?EUR< Daniel Ameduri, returns to Reluctant Preppers to reveal some of the breakthrough principles in his book that can jump-start your transformation to financial freedom.Especially when the economic and financial deck seem...Read More
"We are dealing with people who are absolutely evil and who would not hesitate to do any immoral or illegal thing if they thought it would advance their agenda and if they knew they would not get caught and not get into trouble."Read More