Silver sits below $15 per ounce.The ratio is near highs.Precious metals suffer under the weight of the dollar, strong U.S. economy, and uncertainty over trade.Levels to watch in the silver futures market.USLV and DSLV to trade the range.In November 2018, the price of silver traded to a low at $13.86 per ounce which was only 22.5 cents above the level of critical technical support in the silver fut...Read More
ZUMZ was among Wedbush's retail victimsTrade fears continue to push stocks further into a steep sell-off, with all three major indexes trading in the red. Three stocks investors are paying close attention to this afternoon are cannabis producer Cronos Group Inc (NASDAQ:CRON), Houston-based Occidental Petroleum Corporation (NYSE:OXY), and retailer Zumiez Inc. (NASDAQ:ZUMZ). Below, we will dive i...Read More
The "Amazon of Africa" is pacing for its worst day everThe shares of African e-commerce issue Jumia Technologies (NYSE:JMIA) are getting destroyed this afternoon, after short seller Citron Research weighed in on the shares. Specifically, Citron said, "In 18 years of publishing, [we have] never seen such an obvious fraud as Jumia," claiming the company inflated numbers and removed key metrics from...Read More
Verizon stock just pulled back to a historically bullish indicator on the chartsThe shares of blue-chip name Verizon Communications Inc (NYSE:VZ) have taken a breather since nearly taking out theirall-time high in late March, trading up to $61.58. The telecom concern has been bouncing atop the $56 region of late, and VZ just pulled back to a long-term bull signal on the charts that could send the...Read More
CHL is about to wrap up its eighth straight weekly lossChina Mobile Ltd. (NYSE:CHL) is in the news today, after the Federal Communications Commission (FCC) voted unanimously to deny the Chinese state-owned firm's application to provide U.S. telecommunication services. The FCC expressed concern that the Chinese government could use the approval to spy on the U.S. government.The decision comes amid...Read More
It took just four days for subscribers to double their investment Subscribers to Schaeffer's Option Advisor newsletter managed to double their money in just a matter of days with the EOG Resources Inc (NYSE:EOG) July 105 Put. Below, we will dive into why we anticipated a downside move from the oil concern, and how the options trade unfolded. When we first recommended the put option on Friday...Read More
CRM shares are lower today on broader tech headwindsCloud name Salesforce.com, Inc. (NYSE:CRM) trading down 1% at $155.33 -- on track for a fourth straight loss -- as a big post-earnings slide for Intel (INTC) weighs on the broader tech sector. Despite this downside, CRM options traders are unusually active today, with speculators rushing to place bullish bets on the stock.Most recently, 26,730 ca...Read More
Gold futures ended higher Thursday as investors braced for an intensifying Sino-U.S. trade conflict, which could provide a lift to bullion amid markets stricken by international trade fears. The precious metal traded higher "with news flow on the trade situation favoring uncertainty and the dollar posting very minimal weakness," said analysts at Zaner Metals. Gold for June delivery GCM9, +0.12%...Read More
Gold futures ended higher Thursday as investors braced for an intensifying Sino-U.S. trade conflict, which could provide a lift to bullion amid markets stricken by international trade fears. The precious metal traded higher "with news flow on the trade situation favoring uncertainty and the dollar posting very minimal weakness," said analysts at Zaner Metals. Gold for June delivery GCM9, +0.00%...Read More
The SPX went two months without a three-day losing streakThe major stock market indexes have been slaughtered this week, with all signs pointing to increased tariffs on $200 billion in Chinese goods tomorrow. In fact, the S&P 500 Index (SPX) yesterday suffered its third straight loss, marking its longest losing streak in two months. Below, we take a look at how the SPX performs after going at leas...Read More
Quebec-focused Monarch Gold (TSX: MQR) is taking a 14.2% stake in Unigold (TSXV: UGD), whose Nieta project in the Dominican Republic has an open-pit inferred resource of 39.49 million tonnes grading 1.59 grams gold per tonne for 2.01 million ounces of gold. Unigold's stock soared over 45% on the news.Monarch has acquired from an investor a block of 6.5 million Unigold shares at a price of $0.115 p...Read More
Options traders have been loading up on puts ahead of the eventRalph Lauren Corp (NYSE:RL) will step into the earnings confessional next week, set to report fiscal fourth-quarter earnings before the open on May 14. Ahead of the event, the stock received a big upgrade from RBC, to "outperform" from "sector perform," as well as a price-target hike to $145 from $135. The analyst in coverage said the...Read More
The tech sector is getting crushedThe market sell-off is continuing at midday, with the Dow Jones Industrial Average (DJI) holding near session lows. A looming Friday deadline for more tariffs on Chinese goods has traders in sell mode, while the Cboe Volatility Index (VIX) spikes to levels not seen since early January. Tech shares in particular are seeing substantial losses, sending the S&P 500 In...Read More
Pot stock profit-share members could receive the next check soon.This one-of-a-kind marijuana profit-sharing plan that could quickly have investors sitting on $17,667... $25,921... $38,898... or even $55,563.And possibly a whole lot more.There are no age limits to this program.No income caps.No complicated hoops to jump through (joining only takes 90 seconds).And most importantly - there are zer...Read More
Pinterest will reveal its first earnings since going publicAlthough earnings season is coming to a close, some big names have yet to report. All eyes will be on Pinterest's (PINS) first earnings report since going public, as well as quarterly results from blue-chip concerns Walmart (WMT) and Cisco Systems (CSCO). Pot concerns Aurora Cannabis (ACB) and Tilray (TLRY) will unveil earnings this week...Read More
Sibanye Gold Ltd. faces competition from two rivals if it wants to buy South African gold mining assets that AngloGold Ashanti Ltd. plans to sell.Sibanye, headed by South Africa's prolific mining deal-maker, Neal Froneman, would be interested in purchasing AngloGold's remaining mine in the country. But he'd likely face a challenge from other producers, notably Harmony Gold Mining Co. and Chinese-b...Read More
The shares have been trending lower since last June's trading debutNoble Capital initiated coverage on electroCore, Inc. (NASDAQ:ECOR) with an "outperform" rating and $19 price target -- a 232% premium to last night's close at $5.71. The brokerage firm said the nerve stimulation specialist's gammaCore technology "is a compelling option for patients suffering from headache to provide pain relief,"...Read More
Alamos Gold of Toronto is drilling more high grade intersections at the producing Island Gold mine 85 km northeast of Wawa. The company is focusing its attention on the Eastern, Main and Western extensions with both surface and underground drilling.Hole MH18-03 was drilled in the 500-metre gap between inferred resources of the Eastern and Main extensions. It assayed 46.11 g/t gold (26.81 g/t cut)...Read More
Stamps.com has struggled since its February bear gapShipping giant Stamps.com Inc. (NASDAQ:STMP) is getting slammed in this morning's trading, with the shares already down 54.3% at $38.07, fresh off a four-year low of $36.88. This comes after the company lowered its full-year revenue forecast, which is offsetting first-quarter adjusted profit and revenue beats. Brokerage firm Craig-Hallum quickly...Read More
The media company reported first-quarter earnings and revenue that beat analysts' expectations Shares of entertainment giant Fox Corp (NASDAQ:FOXA) are up in early trading, after the firm announced a first-quarter earnings beat, as well as year-over-year revenue growth that came in higher than analysts' estimates. The media concern's earnings report marks its first as a standalone company, after T...Read More