NEPT is pacing for its best day in nearly a yearPenny stock Neptune Wellness Solutions Inc (NASDAQ:NEPT) is near the top of the Nasdaq today, after the nutrition concern inked a three-year extraction deal with cannabis concern Tilray (TLRY). The company's first shipment of biomass is expected in September. At last check, NEPT stock was up 20.2% at $4.77, and options traders are betting on a short-...Read More
Analysts have not been a fans of HPQ Tech specialist HP Inc (NYSE:HPQ) is moving cautiously higher this afternoon, last seen up 0.8% at $19.83. The shares are eyeing their fourth straight positive close, but are nearing a historically bearish ceiling. HP stock also remains 15% lower year-over-year, signaling that now may be a good time for bears to get betting. Specifically, the security has move...Read More
Gold surged sharply over this past week or so, nearing a major bull-market breakout! Nearly everyone was surprised by this violent awakening, which erupted suddenly as gold languished around year-to-date lows. If this dramatic rally has staying power, gold has good odds of achieving decisive new bull-market highs. That would change everything psychologically, ushering gold and its miners' st...Read More
Meanwhile, CAT shares seemed to have burned call sellersTech stocks Apple Inc. (NASDAQ:AAPL) and Microsoft Corporation (NASDAQ:MSFT) are the top Dow performers at midday, as the sector tries to recover from recent weakness. In fact, the latter has rallied to fresh record highs. In response, weekly options are seeing heavy trading. Starting with AAPL, the weekly 6/7 series is seeing a ton of attent...Read More
Weak jobs data has fueled expectations the Fed will ease borrowing costsThis morning's dismal jobs data has ramped up expectations the Fed will lower interest rates, with CME Group now estimating a 25.8% chance of a rate cut at the central bank's June meeting, compared to a 10% probability one month ago. As such, traders are flocking to riskier assets, with the Dow Jones Industrial Average (DJI) p...Read More
Central banks bought more gold in April, according to a report by the World Gold Council.Globally, central bank net purchases of the yellow metal totaled 43 tons. That is an 8% increase month-on-month.The World Gold Council noted that 2018 marked the highest level of annual net central bank gold purchases since the suspension of dollar convertibility into gold in 1971, and the second highest annua...Read More
Options traders will be monitoring the two names, as wellTwo stocks to watch today are marketing software specialist HubSpot Inc (NYSE:HUBS) and current Wall Street darling Beyond Meat Inc (NASDAQ:BYND). For HUBS shares, it's a new "buy" rating at Goldman Sachs that has them trading up 3.9% at $175.58. The brokerage firm also set a monster $223 price target, representing upside of nearly 32% from...Read More
CRISPR and Vertex are expanding their gene therapy collaborationThe shares of CRISPR Therapeutics AG (NASDAQ:CRSP) are up 13.2% to trade at $42.18 this morning, after the drugmaker announced an expanded gene therapy collaboration with Vertex Pharmaceuticals (VRTX). CRISPR could receive up to a total of $1 billion in payments if the gene editing programs' milestones are achieved. CRISPR stock is...Read More
The cloud concern beat both top- and bottom-line estimates in the first quarterZoom Video Communications Inc (NASDAQ:ZM) stock has shot up 19.4% to trade at $94.82, and earlier nabbed a record high of $98.89, after the remote conferencing services specialist took its first turn in the earnings confessional as a publicly traded company. For the first quarter, ZM recorded a surprise profit of 3 cent...Read More
MUMBAI/BENGALURU - Gold prices in India flipped into discounts this week as a rally in local prices dampened demand, while premiums in other major Asian hubs declined as a price surge prompted investors to sell back bullion.Global benchmark spot gold was headed for its best week this year, supported by expectations of an interest rate cut by the Federal Reserve and heightened global trade tensions...Read More
CHAPEL HILL, N.C. - Gold's rally is built on a shaky sentiment foundation. That means, at least from the perspective of contrarian analysis, that it's unlikely that the rally is the beginning of a major new leg up. To be sure, the rally in goldGC00, -0.08% has certainly been impressive. Since its early-May low bullion GLD, +0.56% has climbed nearly 6%, bringing it nearly back to the level it reac...Read More
TXMD has closed flat or higher for the past five sessionsPharmaceutical name TherapeuticsMD Inc (NASDAQ:TXMD) is up 2.2% at $3.29, after the company shared that it has entered an agreement to commercialize its two women's menopausal drugs, Bijuva and Imvexxy, outside the U.S. The deal will bring in ?,?14 million up front, and another ?,?29.5 million following sales, met milestones, and royalties....Read More
Traders are reacting to another weak jobs report Stocks could be set for a rocky open, with all eyes on the May jobs report. The Labor Department's numbers showed nonfarm payrolls increased by just 75,000 last month, 100,000 fewer than expected, while the growth in wage gains was also weak. This follows a disappointing ADP jobs data from Wednesday, and will stir more chatter about a potential rate...Read More
West Africa-focused junior gold miner Toro Gold has hired boutique investment bank Raymond James to explore putting itself up for sale after shelving plans to list its shares in London, two sources with knowledge of the matter said.But attracting buyers won't be easy for the company that has just one producing asset in Senegal and is targeting a valuation of up to $300 million, the sources added.T...Read More
(Updates with closing prices)By Peter HobsonLONDON, June 7 (Reuters) - Copper prices were set for theireighth straight weekly fall after trade disputes, signs ofslowing global economic growth and disappointing U.S. jobs dataweakened the demand outlook for metals.Benchmark copper on the London Metal Exchange (LME)traded down 0.2% at $5,799 a tonne in closing rings, down 0.5%this week. Copper has fa...Read More
In a recent report, the World Gold Council revealed that holdings in global gold-backed exchange-traded funds (ETFs) fell in May by 2.2 tonnes to 2,421 tonnes, equivalent to $141 million in outflows, as consistent European fund growth was offset by outflows in North America and Asia.According to the market development organization, May results together with those of February and April have caused...Read More
Gold prices extended gains Thursday, taking bullion prices to within touching distance of a 2019 high, as investors bet on central bank easing and weakening currencies as the global economy continues to feel the affects of a prolonged U.S.-China trade war. With markets pricing in a 50% chance of a September rate cut from the European Central Bank, a view that could be confirmed at its policy mee...Read More
The Thursday Market Minute Global stocks sputtered Thursday, tugging Wall Street futures into the red, as investors held onto hopes of Fed rate bets amid a slowing world economy.President Donald Trump continues his European tour with a visit to Normandy to mark the 75th anniversary of D-Day, telling reporters he is ready to place more tariffs on China if necessary.European stocks booked modest g...Read More
VANCOUVER, British Columbia -- New Pacific Metals Corp. (TSX-V: NUAG) (OTCQX: NUPMF) ("New Pacific" or the "Company") is pleased to announce the assay results from the first eight drill holes from its wholly-owned Silver Sand Project located in the Department of Potos?-, Bolivia. Drilling is on-going and the Company currently has three drill rigs on site. The 2019 drilling program at Silver...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 240,47784,36256,898132,517305,093429,892446,353 Change from Prior Reporting Period 46,014-23,413-5,308-58,7733,849-18,067-24,872 Traders 19872675054278168 Small Speculators LongShortOpen Interest 51,60335,142481,495 -5,5641,241-23,631 non reportable posit...Read More