The firm took a 12% stake in the companyUSA Technologies, Inc. (NASDAQ:USAT) stock is trading up 13% at $6.67, after hedge fund Hudson Executive Capital reported a 12% stake in the vending services provider, calling it an "attractive investment." In response, USAT options volume is soaring.By the numbers, more than 1,600 calls have traded, well above the daily average, and puts are crossing at 13...Read More
Toronto-based Wallbridge Mining Company must be pleased with the recent drill results at its Fenelon gold project, 75 km northwest of Matagami. Several new holes have cut wide zones of mineralization with intervals of visible gold extending Area 51 by 250 metres to the northwest.The results indicate the presence of stockwork-style gold mineralization with focused high grade veins and shear zones o...Read More
ATAC Resources of Vancouver is starting the first phase of exploration at its Rau project, at the western edge of the Rackla gold property 55 km northeast of Keno City. The current program will follow up on high grade gold-copper-silver results from last year.Phase one at Rau includes ground based induced polarization (IP) and magnetic surveys over a 12 km2 area including the Bobcat target and the...Read More
KR stock is set to snap its longest losing streak since DecemberBernstein upgraded Kroger Co (NYSE:KR) to "outperform" from "market perform," and boosted its price target to $33 -- a more than 37% premium to last night's close. The brokerage firm said Wall Street is not pricing in "KR's capacity to survive the short term and positioning for the long term," and it considers the grocery chain "a ser...Read More
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