Momentum is building for M&A across the gold industry driven by the market, balance sheets and shareholders, a report titled An Activist Gold Rush? by Kingsdale Advisors released Thursday finds.Mining behemoths Barrick (NYSE: GOLD, TSX: ABX) and Newmont (NYSE: NEM, TSX: NGT) have grabbed headlines with acquisitions of Randgold and Goldcorp respectively. Barrick and Newmont, in a JV that c...Read More
Traders more than doubled their money on Schaeffer's recommended putSubscribers to Schaeffer's Weekend Trader Alert newsletter just more than doubled their moneywith our Box Inc (NYSE:BOX) June 22 put option recommendation. Below, we'll explain how this options trade more than surpassed its expected target, leaving the stock's options traders with a big win.When we initially recommended the put t...Read More
INSY's implied volatility has spikedThe volatile year is continuing for Insys Therapeutics Inc (NASDAQ:INSY), with the shares soaring 20.7% today to trade at $1.04, earlier getting halted for volatility after a more than 80% surge. This price action follows news from last evening of the company's $225 million settlement with the federal government, while today it was announced that Chairman Steven...Read More
Short-term options are attractively priced, to bootShares of marijuana concern Aurora Cannabis Inc (NYSE:ACB) are down 3% to trade at $7.50 today. ACB's technical setup has been bleak of late, with the stock heading toward a third straight weekly loss. However, this pullback could be short-lived, if history is any indicator.More specifically, ACB is now within 3% of its 320-day moving average. Sin...Read More
CTRV has roughly doubled after an early-stage liver fibrosis treatment proved successfulThe Dow has continued its rally, eyeing a fourth straight win today thanks to strength from the energy sector. Drug stocks ContraVir Pharmaceuticals Inc (NASDAQ:CTRV) and La Jolla Pharmaceutical Company (NASDAQ:LJPC) are soaring today, too. Below, we'll take a look what's driving CTRV and LJPC's big moves. CT...Read More
Trade could also remain in focus, with tariffs on Mexican goods slated for June 10After a busy start to the month, June's pace will likely slow next week as the summer doldrums set in on Wall Street. Earnings reports are light, and no Fed speakers are on tap. Investors will instead digest the latestinflation figures -- especially in light of recent Fed comments -- and retail sales toward the end o...Read More
The short seller warns against trying to "catch a falling knife"The shares of FleetCor Technologies, Inc. (NYSE:FLT) are lower today, after short seller Citron Research weighed in on the company. While this isn't the first time Citron has taken aim at FLT -- it called the fuel card provider a "predatory company" in April 2017 -- today's note has fueled crazy options volume on the shares.More speci...Read More
Stifel just started coverage with a "buy" rating Stifel just initiated coverage on the marijuana producer Canopy Growth Corp (NYSE:CGC) this morning, calling the stock a "buy" and starting with a $47.77 price target -- a nearly 20% premium to where the stock's current perch of $40.78. The analyst said Canopy is a leader in the relatively new pot industry, calling the Canadian cannabis concern the...Read More
Shares of RNC Minerals (TSX: RNX) soared by over 22% on Thursday - taking the stock to over C$0.50 for the first time in two months - after another high-grade gold discovery yesterday at its Beta Hunt mine in Western Australia. This is the second discovery of significance at Beta Hunt in the past nine months.Last September, RNC unearthed more than 9,200 ounces of high-grade gold from a single bl...Read More
Chevron and Exxon Mobil are two of the best Dow stocks at middayThe Dow Jones Industrial Average (DJI) appears to be headed toward a fourth straight win, up on strength in energy stocks Chevron (CVX) and Exxon Mobil (XOM). While the big-cap index trades near its session highs, the S&P 500 Index (SPX) has pared a portion of its earlier gains and the Nasdaq Composite (IXIC) is struggling to stay in...Read More
Goldman took differing views on UAL and SAVEAnalysts at Goldman Sachs weighed in with opposing views on airline names United Continental Holdings Inc (NASDAQ:UAL) and Spirit Airlines Incorporated (NYSE:SAVE). Let's take a look at how shares of UAL and SAVE are trading in response. UAL was upgraded to "buy" from "neutral" at the brokerage firm, while the analyst maintained its $108 price target. Th...Read More
Solgold's (LON, TSX: SOLG) stock took another hit on Thursday, the day after submissions for a public hearing were heard in Ecuadorean Constitutional Court regarding the proposed referendum on mining in the provinces where the Australian miner's 85% owned Cascabel project and other wholly owned exploration projects are located. Solgold holds 72 mineral concessions in Ecuador through four...Read More
The retailer lowered its full-year forecast on tariff headwindsAt Home Group Inc (NYSE:HOME) stock is getting slaughtered today, down 47.2% to trade at $9.25 -- marking its first trip into single-digit territory since it began trading publicly in August 2016. The bear gap comes after the home decor retailer reported an adjusted first-quarter earnings miss of 21 cents per share, while same-store sa...Read More
QRVO is fresh off its worst month in over two yearsWhile Morgan Stanley dished out an upgrade to Advanced Micro Devices (AMD),Barclays doled out bear notes to its sector peers, downgrading Apple supplier Qorvo Inc (NASDAQ:QRVO) to "equal-weight" from "overweight" and trimming its price target to $60 from $70. The analyst in coverage warned of further trade war escalation, and a potentialresponse o...Read More
If push comes to shove, one of the world's largest gold miners is prepared to do an end run around the U.S. should President Donald Trump's threatened tariffs on Mexican goods bite.Agnico Eagle Mines Ltd. currently produces about 300,000 ounces of gold in Mexico that it refines in the U.S., all of which would likely be subject to the proposed tariffs, Chief Executive Officer Sean Boyd said Wednesd...Read More
The company reported a decline in comparable sales and a revenue miss for its first quarter First quarter results from craft retailer Michaels Companies Inc (NASDAQ:MIK) has sparked some serious selling this morning. The firm reported a 2.9% decline in same-store sales for the period, and revenue that came in lower than analyst expectations. The company also predicted a potential 1.5% drop in comp...Read More
AMD has been making headlines this week with partnership newsTech giant Advanced Micro Devices, Inc. (NASDAQ:AMD) is back in headlines this morning, still receiving praise from its Monday announcement that it has partnered up with Samsung Electronics. Morgan Stanley this morning upgraded AMD to "equal weight" from "underweight," and hiked its price target to $28 from $17. The firm said it expects...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
The Dow is aiming for a fourth consecutive up dayInvestor hope for a potential Fed rate cut has stock futures trading above fair value, setting the Dow Jones Industrial Average (DJI) up for a fourth straight win. Also in focus are President Donald Trump's tweets about immigration and tariff discussions with Mexico from last evening, in which he wrote, "Progress is being made, but not nearly enough...Read More
Americans' very way of life could be threatened, according to the man who predicted the downfall of Fannie Mae and Freddie Mac.No one believed Porter Stansberry years ago when he said the world's largest mortgage bankers (Fannie Mae and Freddie Mac) would soon go bankrupt.And no one believed him when he said GM would fall apart... or that the same would happen to General Growth Properties (America...Read More