Ongoing stoppages at Newmont Goldcorp Corp's Penasquito gold mine in Mexico are costing "millions" every day to both public coffers and the company, a senior Mexican official said on Thursday, urging a solution that will restart operations.Speaking to reporters in Mexico City, Francisco Quiroga, the deputy economy minister responsible for mining, said he wanted operations at the country's largest...Read More
And options are attractively priced at the momentMost tech stocks have struggled in May, but NCR Corporation (NYSE:NCR) is a little more than two weeks removed from an annual high of $33. While the shares are down 1.5% to trade at $31.26 today, a rebound could be imminent if this bullish signal is any indicator. Specifically, the stock's Schaeffer's Volatility Index (SVI) of 32% ranks in the 15t...Read More
U.S. manufacturing PMI data for May was the worst since 2009The Dow Jones Industrial Average (DJI) is lower again as the trade picture seemingly gets murkier by the day. With concerns swirling about U.S.-China trade talks, or lack thereof, the tech sector is getting hammered, while the energy space is also struggling during a sell-off in oil prices. July-dated crude was last seen down 5.2% at $58....Read More
The investment firm labeled VRNT stock a "strong sell"Verint Systems Inc. (NASDAQ:VRNT) stock is spiraling today -- down 8% at $56.25, pacing toward its worst day since Dec. 8, 2016, when it shed 10%. This follows a scathing report from Spruce Point Capital, which labeled the analytics stock with a "strong sell" opinion and said it sees 60%-70% downside for the shares.In its report, the investment...Read More
The Victoria's Secret parent reported strong earningsShares of Victoria's Secret parent L Brands Inc (NYSE:LB) have gapped 14% higher to trade at $24.50, after the retailer reported a first-quarter earnings beat, driven by Bath & Body Works sales. The company also hiked the lower end of its full-year guidance. LB is on pace for its best day since October 2008.Today's impressive gains come as a r...Read More
The battered chip sector tends to do well after Memorial DaySince 2010, the U.S. stock market has tended to struggle during the shortened Memorial Day week. However, if recent history is any indicator, several stocks could buck the trend next week, including battered Apple supplier Broadcom Inc (NASDAQ:AVGO). Below, we take a look at the 25 best stocks to own the week of Memorial Day.Looking at S&...Read More
A growing U.S.-China trade spat is overshadowing WB's profit beatWeibo Corp (NASDAQ:WB) shares are trading down 11.8% at $45.12, fresh off a two-year low of $44.50. Media reports suggesting the U.S.-Sino trade dispute will turn into a "tech cold war" are weighing on Chinese stocks, and overshadowing WB's stronger-than-expected adjusted first-quarter profit. The Beijing-based social media site said...Read More
The brokerage firm believes a steel surplus will hurt pricesThe shares of AK Steel Holding Corporation (NYSE:AKS) are down 7.7% to trade at $2.05 this morning, and earlier touched a three-year low of $2.04. The new bottom comes after Credit Suisse downgraded the steel stock to "underperform" from "neutral," while trimming its price target to $1 from $3.50. The analyst in coverage believes a surpl...Read More
The FDA just gave Iovance's cervical cancer treatment a "breakthrough therapy" designationThe drugmaker Iovance Biotherapeutics Inc (NASDAQ:IOVA) is seeing a pop after the Food and Drug Administration (FDA) gave a "breakthrough therapy" designation to the company'scervical cancer treatment, LN-145. The FDA nod, which has the shares trading 6.1% higher at $17.65, came after the close Wednesday. Now...Read More
Canadian precious metals producer McEwen Mining (TSX, NYSE:MUX) said Thursday it had begun commercial production at its Gold Bar project in Nevada, US, which is expected to generate 50,000 bullion ounces this year.The Toronto-based miner also said Jack Henris will be in charge of operations. Henris has years of experience in mine management, having worked at Newmont for 12 years and at Barrick f...Read More
Both stocks have been big winners alreadySoftware stocks Atlassian Corporation PLC (NASDAQ:TEAM) and VMware, Inc. (NYSE:VMW) have outperformed on the charts over the past year, and analysts are expecting more upside. Below is a look at this morning's Wall Street coverage on the shares of TEAM and VMW. Atlassian was upgraded to "equal-weight" from "underweight" at Morgan Stanley, which moved its...Read More
The Dow is set to open with a triple-digit lossU.S.-China trade tensions are back in the headlines this morning, withDow Jones Industrial Average (DJI) futures pointed toward yet another open in the red. Specifically, China's Ministry of Commerce spokesperson Gao Feng said the U.S. should "adjust its wrong actions" if it would like to continue trade negotiations, as the "crackdown on Chinese compa...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Qualcomm (QCOM - Get Report) tumbled Wednesday after a federal judge ruled in favor of the Federal Trade Commission in a long-running antitrust dispute over patents and licensing. The Dow Jones Industrial Average ended down on a report the U.S. could blacklist more Chinese companies. Target (TGT - Get Report) climbed after the ret...Read More
The Wednesday Market Minute Global stocks drift lower as investors fade the impact of eased restrictions on Huawei to focus on slowing economic growth and rising geo-political risks.The New York Times reports the White House is reading to expand the number of Chinese firms on the so-called Entities List, a move that could escalate trade tensions between Washington and Beijing.European stock...Read More
Bob Moriarty ArchivesMay 23, 2019I firstwrote about Viva Gold exactly a year ago. The price of gold was about $1300 and the price of a share of Viva was about $.32. Now gold is $1280 and Viva is now at $.31. The company has an interesting story and while the price of the shares and gold hasn’t done much lately, the company has.Go back and reread what I wrote a year ago. Basically the Tonopah...Read More
In an earlier post, I gave you a sneak preview of my interview with Chris Powell, secretary/treasurer at Gold Anti-Trust Action Committee (GATA). For 20 years now, Chris and others at GATA have made it their mission to expose collusion by international financial institutions to control the price and supply of gold.Below are highlights from my interview with Chris. I have to say that during much...Read More
By: Ira EpsteinLatest on gold, silver and more..Read More
By Avi GilburtPease note: This article was originally posted on FATRADER.com on Thursday May 22 before the breakout in bonds.I have written many times about how the Fed follows the market and does not lead it. And, we are about to see yet another example of history's lessons.For those that followed our work over the years, you would know that we called for a top to the bond market on June...Read More
[Jim Grant is an old-school observer of this economic age and one of its most brilliant commentators. Following is the speech he gave in accepting the 2019 Bradley Prize, which recognizes those who have helped further the principles and institutions of American exceptionalism. RA]Ladies and gentlemen, it's a blemish on the age that so many of us know the name of the Federal Reserve chairman. In...Read More
In the most current "Global financial Stability Report" the IMF (International Monetary Fund) examined the vulnerabilities In a Maturing Credit Cycle" which is really a discussion on the end stage of the currency fiat money financial system. Like every aggressive disease, if you don't make the life style changes that have a chance to reverse the disease, the most likely outcome is the death of the...Read More