Vancouver-based Osprey Gold Development is planning to drill three of its five historic gold properties in Nova Scotia. The company can acquire a 100% interest in all five of the properties.The Goldenville project in Guysborough County is Osprey's most advanced project and the province's largest historic gold producer. The project hosts inferred resources of 2.8 million tonnes at 3.20 g/t gold or...Read More
Gold futures ended lower Tuesday as global stocks staged a rebound and the dollar strengthened a bit, dulling bullion's appeal and sending prices to the lowest finish in almost three weeks. June gold GCM19, -0.07% on Comex lost $4.10, or 0.3%, to settle at $1,273.20 an ounce, after booking a modest rise on Monday. The yellow metal logged the lowest most-active contract settlement since May 2, and...Read More
Gold futures ended lower Tuesday as global stocks staged a rebound and the dollar strengthened a bit, dulling bullion's appeal and sending prices to the lowest finish in almost three weeks. June gold GCM19, -0.16% on Comex lost $4.10, or 0.3%, to settle at $1,273.20 an ounce, after booking a modest rise on Monday. The yellow metal logged the lowest most-active contract settlement since May 2, and...Read More
Calls have been popular on the cannabis name in recent weeksCall volume is running hot on Aurora Cannabis Inc (NYSE:ACB) this afternoon, as the weed stock trades up 2.2% at $8.68 -- aiming for its first win in three sessions. At last check, nearly 29,000 ACB call options were on the tape, 1.5 times what's typically seen at this point and 11 times the number of puts traded. Most active by a mile is...Read More
The stock could move tomorrow, too, after earningsThe shares of Stein Mart, Inc. (NASDAQ:SMRT) are popping today, after the discount retailer said it's installing Amazon Hub Lockers in almost 200 stores. The lockers -- used for in-store pickups and returns -- will be available early next month, and consumers can have items shipped to a Stein Mart store for no charge. In light of the FAANG partners...Read More
Today's bounce could be just the beginning, if history is any indicatorIt's been a rough month for chip stocks, as trade tensions between the U.S. and China ratchet back up. While the sector is getting a respite today on the latest Huawei-related news, one battered semiconductor concern could be ripe for an even bigger rebound: Xilinx, Inc. (NASDAQ:XLNX). Below, we take a look at XLNX stock and ex...Read More
IWM outperforms in June, but QQQ is flawless in July over the last decadeAmong the major U.S. equity-based exchange-traded funds (ETFs), 2019 has largely been a battle for dominance between small-caps and tech. In January, small-caps jumped out to a big lead, as the iShares Russell 2000 ETF (IWM) began racking up outsized gains relative to the benchmark SPDR S&P 500 ETF (SPY). That small-cap domin...Read More
Fresnillo said on Tuesday the current year would be more challenging than 2018 as a number of industry variables were "working against" the precious metals miner.The company, which posted a 15 percent drop in first-quarter silver production last month, said it was "disappointed" not to meet its long-term silver output target and that it was taking action to address this "in a number of ways".Fresn...Read More
The healthcare sector is also doing well todayU.S. stocks are pushing higher today thanks to the more lenient stance taken against Huawei by the Trump administration. The Dow is trading well into triple-digit territory, and gains from the tech and healthcare sectors are helping the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) rise, as well. On the data front, traders were greeted with another d...Read More
The brokerage firm thinks the retailer can rally another 26%Deckers Outdoor Corp (NYSE:DECK) is trading up 3.6% at $144.20, after BofA-Merrill Lynch upgraded the retail stock to "buy" from "neutral," and boosted its price target by $30 to a Street-high $180. Not only is this new target price a 26% premium to last night's close, but it's the highest on Wall Street. The brokerage firm said, "Despite...Read More
GLDM does not enjoy significant upward pressure from the escalating US-China trade/tech dispute due to contradictory consequences.Gold's positioning has improved markedly since mid-May, predominantly due to speculative demand.The technical picture deteriorates.We revise our month-end forecast for GLDM from $13.45/share to $13.00/share.Introduction Welcome to Orchid's Gold Weekly report. We discuss...Read More
The stock recently bounced from double-barreled support The shares of data analytics firm Alteryx Inc (NYSE:AYX) have outperformed over the long run, and could be giving bulls an entry point for their next leg higher. Specifically, AYX just bounced from double-barreled support at the 40-day moving average and $85 price point, the latter representing the stock's takeoff point for a rally in early...Read More
Both drug stocks are heavily shorted, tooTwo drug names are sitting at the bottom of the Nasdaq and NYSE this morning. First, BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) is down 51.3% to trade at $3.60, and earlier tapped a new two-and-a-half year low of $3.40, after receiving subpar results from its late-stage genetic condition study. This is shaping up to be BioCryst stock's worst day since F...Read More
Shorts have ramped up attention on SNAP recentlyShares of Snap Inc (NYSE:SNAP) are up 2.4% at $11.46 this morning, after the company announced Derek Andersen as its new Chief Financial Officer (CFO). Anderson is replacing interim CFO Lara Sweet, and is leaving his current position as Snap's vice president of finance.Despite the rise for the shares, the Snapchat parent remains stuck between $10 a...Read More
Ocular Therapeutix hit a record low out of the gatePharma stock Ocular Therapeutix Inc (NASDAQ:OCUL) is in hot water today, down 11% at $3.00 in early trading, and pacing for its worst day since Dec. 3. The stock is fresh off a new record low of $2.78, too, after the company's glaucoma treatment, OTX-TP, fell short of its main goal in a late-stage study. A round of bear notes is doing the equity n...Read More
The car stock has closed lower in nine of the last 10 daysMorgan Stanley slashed its bear forecast on Tesla Inc (NASDAQ:TSLA) to $10 from $97, saying the downwardly revised worst-case scenario assumes a major miss for "Chinese volume forecast ... to account for the highly volatile trade situation in the region, particularly around areas of technology, which we believe run a high and increasing ris...Read More
HD, KSS, and JCP all revealed disappointing comparable sales growthRetailers Home Depot Inc (NYSE:HD), Kohl's Corporation (NYSE:KSS), and J C Penney Company Inc (NYSE:JCP) reported earnings this morning, and all three issued comparable store figures that disappointed the Street. Below, we'll dig into the numbers moving shares of HD, KSS, and JCP. For Dow component Home Depot, same-store sales grow...Read More
Boeing stock is also lifting the DowFollowing yesterday's tech sell-off, futures on the Dow Jones Industrial Average (DJI) are signaling a positive open, as U.S. officials Monday night temporarily eased trade restrictionson China's Huawei through Aug. 19.Elsewhere, Boeing (BA) shares are pointed higher in electronic trading, on reports that a bird strike may have caused a 737 MAX crash in March. T...Read More
The SMH fund garnered massive two-day inflows last week, even as semiconductors struggledLast week's round of reignited tariff tensions pushed trade-sensitive chip stocks back into the bearish crosshairs. The VanEck Vectors Semiconductors ETF (NYSEARCA:SMH) started the week with a big sell-off, losing 4.6% amid Monday's broad-based rout for its largest one-session percentage drop --and its first d...Read More
Scientists at Northwestern University have experimentally replicated a medieval gold purification method employed by West Africans in the 10th and 11th centuries.The researchers followed a technique initially described in a 2014 paper by archaeologist Sam Nixon, in consultation with Thilo Rehren, a specialist on ancient materials and technologies. Their description of the method was based on a ser...Read More