2 big winners in today's tradingStocks are holding positive territory as they eye their best week of the year. Two names to watch today are online retailer Revolve Group (NYSE:RVLV) and weed producer Aphria Inc (NYSE:APHA). Below is a quick look at how the shares of RVLV and APHA are trading today. Revolve Shares Soar in IPO SessionOnline apparel retailer Revolve Group is watching as its stock jum...Read More
After 5 months of correction, Gold found strength again and hit more than three-month high on Tuesday. The move higher comes on the expectation that the U.S. Federal Reserve would cut interest rate to offset the U.S – China trade war. Recent commentary by the Fed governors and Chair hinted the willingness to do a rate cut. Yesterday we have James Bullard talking about a rate cut. Today, the...Read More
Donald Trump's tariffs targeting Mexico risks backfiring on the U.S., at least in the global metals market.Miners of Mexican precious metals are unlikely to be hit significantly if Trump imposes levies on goods from its neighbor, which is the biggest source of U.S. silver imports and its second-largest gold supplier. Instead, American processors will probably bear the brunt of the latest trade spa...Read More
GLD options are seeing heavy trading todayGold prices have been red-hot amid recent trade tensions, and today, August-dated gold futures locked up their eighth straight daily win as a weak jobs report weighed on the U.S. dollar. Below, we'll take a look at what this hot streak has done for gold exchange-trade fund (ETF) SPDR Gold Trust (GLD).At last check, GLD was up 0.8% to trade at $126.77, and...Read More
Gold futures on Friday stretched their streak of gains to an eighth straight session as a report that showed much weaker-than-expected U.S. jobs growth in May contributed to declines in the dollar and Treasury yields. August gold on Comex GCQ19, -0.74% tacked on $3.40, or 0.3%, to settle at $1,346.10 an ounce, notching an eighth week of gains in a row, the longest streak of weekly increases since...Read More
Gold has moved higher for the year, after stalling just below the $1,300-an-ounce mark for weeks. All the factors for the metal to rally to record levels might finally be falling into place. "Gold does well in a period of dollar weakness, inflation and economic uncertainty," says Peter Schiff, chief global strategist for Euro Pacific Capital, a division of Alliance Global Partners. "We are about t...Read More
Weekly 6/7 and standard September call options are hot todayGrubHub Inc (NYSE:GRUB) stock is trading up 3.3% at $65.22, on reports investment research firm Hedgeye thinks the food delivery name could be bought out by Amazon (AMZN). In addition, the analyst allegedly sees 60% to 100% upside for GrubHub shares. GRUB options traders are getting in on the action, too, placing bullish bets at an aggres...Read More
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