Options traders are betting on unusually large moves from both namesVolatility expectations are a huge part of options trading, so we're constantly looking for stocks that could make huge moves -- or fail to live up to Wall Street's lofty volatility expectations. With this in mind, two names options traders should pay attention to this week are GoPro Inc (NASDAQ:GPRO) and Dropbox Inc (NASDAQ:DBX),...Read More
Call traders have been flocking to the petroleum nameShares of Marathon Petroleum Corp (NYSE:MPC) are tanking this morning, last seen down 3.9% at $57.13, after the company revealed a surprise first-quarter loss due to Canadian fuel costs, while also sharing plans for a $9 billion merger of its midstream units. Marathon also scrapped plans to increase coking capacity at its Garyville, La., refine...Read More
Most analysts have swiped left on MTCH, thoughA big earnings winner this morning is Match Group Inc (NASDAQ:MTCH), after the dating services company reported adjusted first-quarter earnings of 42 cents per share, exceeding the analyst estimates of 32 cents per share. Revenue also topped forecasts, while subscribers grew year-over-year, thanks to increased customer engagement with the Tinder app....Read More
The analyst just gave LendingClub an "outperform" rating and a lofty price targetFollowing last night's unexpected first-quarter profit and revenue beat, Wedbushupgraded LendingClub Corporation (NYSE:LC) to "outperform" from "neutral," and hiked its target price to $5 from $3.75 -- a roughly 55% premium to Tuesday's close. The analyst said the consumer lending firm's tighter operating efficiency i...Read More
INGN, for instance, is near the bottom of the NasdaqThree stocks trading sharply lower this morning after quarterly earnings reports are online education expert 2U Inc (NASDAQ:TWOU), tech name 3D Systems Corporation (NYSE:DDD), and portable oxygen supplier Inogen Inc (NASDAQ:INGN). Let's break down what's happening with the shares of TWOU, DDD, and INGN. Analysts Reexamine TWOU Stock TWOU is trad...Read More
At least four other brokerages have cut their X price targets this weekUBS downgraded United States Steel Corporation (NYSE:X) stock to "sell" from "neutral," saying short-term investments will not stop the company from losing market share over the next several years. Specifically, the brokerage firm said, "X is investing significantly in its asset base to remain competitive, but the result is neg...Read More
The SPX hasn't suffered three straight down days since early March Dow Jones Industrial Average (DJI) futures are pointing toward another day of losses, following the index's worst day since January, as U.S.-China trade tensions linger. While President Donald Trump said the U.S. will hike tariffs on $200 billion in Chinese goods this Friday, May 10, if a trade deal isn't reached, he tweeted this m...Read More
Canadian miner Kinross Gold (TSX:G) (NYSE:KGC) is evaluating options for returning to long-term production in Chile, the world's top copper miner, where the company already has two key assets.One alternative the company is very keen on is resuming mining at its La Coipa gold and silver mine, located in Chile's northern Atacama Region, it said while delivering first quarter results on Tuesday.Alte...Read More
* GRAPHIC-2019 asset returns:* China April trade surprises - exports fall, imports grow* Focus on U.S-China trade talks (Adds closing prices, adds Nickel outlook)By Zandi ShabalalaLONDON, May 8 (Reuters) - Copper fell to a near three-monthlow on Wednesday on concerns over a potential resumption oftit-for-tat trade tariffs between the United States and Chinaahead of last-ditch negotiations.U.S. Pre...Read More
18 stocks bulls should consider based on the best technical "buy" signalsHave you ever thought about the myriad of technical indicators and wondered which ones work the best? Any standard charting software supports various indicators like the Moving Average Convergence/Divergence (MACD), Relative Strength Index (RSI), Bollinger Bands, and probably a lot more. This week I'll quantify which indicato...Read More
* Strikes expected in major U.S. cities * Uber due to IPO on Friday(Adds details from San Francisco)By Kate Holton and Jane Lanhee LeeLONDON/SAN FRANCISCO, May 8 (Reuters) - Uber drivers inLondon and major U.S. cities held a series of strikes onWednesday to protest the disparity between gig-economyconditions and the sums that investors are likely to make inFriday's blockbuster stock market debut.P...Read More
Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD), the world's second-largest producer of the precious metal, said Wednesday it had pinned down assets worth about $1.5 billion that it intends to sell through next year, adding it also remains open to acquiring new projects.President and chief executive officer, Mark Bristow, said Barrick would offload the unwanted assets once they are optimized enough t...Read More
Published 23 Hours AgoUpdated8 Hours AgoReuters Edgar Su | ReutersGold prices hit their highest in more than three weeks on Wednesday as renewed concern over the U.S.-China trade dispute and its potential impact on global growth curbed investors' appetite for risk, spurring some demand for safe-haven assets.Spot gold rose 0.4 percent to $1,289.09 per ounce, having hit its highest since April 15 a...Read More
How you can transform lagging indicators into leading indicators.No one ever said trading was going to be easy.Sometimes, do-it-yourself investing can feel about as scientific as throwing darts... and many traders give up, unable to figure out how they can break through the endless cycles of mediocre - or even straight up abysmal! - results.And when even the supposed "market gurus" or "experts" do...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Stocks ended down for a second straight session Tuesday as investors reacted to more market volatility amid heightened trade tensions between the U.S. and China. Shares of Boeing (BA - Get Report) declined after analysts at Barclays downgraded their rating on the aerospace giant to equal weight from overweight. Amer...Read More
The Tuesday Market Minute Global stocks mixed as investors keep risk appetites in check amid an uneasy truce on trade talks between the U.S. and China.China's Commerce Ministry confirms Vice Premier Liu He will attend a key series of talks later this week in Washington amid accusations of backsliding on previous commitments from top U.S. trade officials.Europe opens modestly higher despite weake...Read More
Bob Moriarty ArchivesMay 8, 2019In mid-April Generation Mining signed a Letter of Intent (LOI) withSibanye-Stillwater (SBGL-NYSE ADRs) to obtain up to 80% of the Marathon PGM project near Marathon, Ontario. At the end of 2017 Sibanye reported resources of 730 million pounds of copper and 4.3 million ounces of palladium/platinum and some gold. At prices back in 2017 the company viewed the Marathon...Read More
Dave KranzlerThe National Association of Realtors (NAR - existing home sales reports) and the Census Bureau (new home sales reports) report monthly sales on a "seasonally adjusted annualized rate" basis (SAAR). Notwithstanding the reliability - or lack thereof - of the "seasonal adjustments," it would seem absurd to report monthly home sales on an annualized rate basis.To the extent the NAR and...Read More
Stewart Thomson, Graceland Updates 1. There has been an uptick in market risk over the past couple of weeks, and that's being reflected in dollar-yen and dollar-gold. 2. Please click here now. Double-click to enlarge this dollar versus yen chart.3. The 109.50 area on this chart is quite important for gold investors. If the dollar falls under that price zone, gold is likely...Read More