(Adds close of U.S. markets) * 3M Co, Nokia results weigh on global equities * Dollar gains against euro on U.S. capital goods data * Brent crude surges past $75 barrel, then settles lower * Graphic: World FX rates in 2019 By Herbert LashNEW YORK, April 25 (Reuters) - The dollar rose to almost atwo-year high against the euro on Thursday on an upbeat U.S.capital goods report, while world equities s...Read More
FB and MSFT saw big post-earnings gainsThe Dow was down 286 points at its intraday low, pressured by a stiff post-earnings loss for 3M (MMM) -- which suffered its worst day since Black Monday, shedding nearly 13%. The blue-chip index pared most of these losses by the close, but still settled in negative territory alongside the S&P 500. The Nasdaq, meanwhile, was just shy of a record closing high,...Read More
A bullish signal just flashed on the charts for AABAFormer Yahoo! Inc. name Altaba Inc (NASDAQ:AABA) has enjoyed some serious upward movement in 2019. The stock is up 31.1% year-to-date, and just came off its best quarter since 2013. The internet concern is expected to report quarterly earnings soon (though it doesn't appear an official date has been announced), and while AABA has run into recent...Read More
FDX options are attractively priced at the momentThe shares of FedEx Corporation (NYSE:FDX) are down 3.4% to trade at $191.12 today, on track for its worst day in over a month. FDX is being dragged down by sector peer United Parcel Service (UPS), which reported a first-quarter profit miss and lower revenue expectations thanks to severe winter weather. In response, FDX options traders have come ou...Read More
CMG stock is also making a big move in today's tradingThe U.S. stock market is mixed today, as Wall Street weighs volatile post-earnings moves for 3M (MMM) and Facebook (FB). Among other names in focus are big-cap entertainment issue Walt Disney Co (NYSE:DIS), electric car concern Tesla Inc (NASDAQ:TSLA), and burrito chain Chipotle Mexican Grill, Inc. (NYSE:CMG). Here's a quick roundup of what's m...Read More
It took just two months for subscribers to double their investmentSubscribers to Schaeffer's Weekend Trader Series managed to double their money in just two months with the Fastenal Company (NASDAQ:FAST) August 60 call. Below, we will dive into why we anticipated an upside move from the tool specialist, and how the options trade unfolded.When we first recommended the call option on Sunday, Feb...Read More
GOOGL reports earnings next MondayGoogle parent Alphabet Inc (NASDAQ:GOOGL) is preparing to report earnings, hoping to replicate the success of other large-cap tech stocks we've seen this week. Ahead of the event, scheduled for after the close next Monday, April 29, there's an unusual setup in GOOGL's options pits. Specifically, put open interest is greater than call open interest among contracts...Read More
Gold futures tallied back-to-back gains on Thursday, but found only modest support for the session against a backdrop of mixed trading in the U.S. stock market on the heels of the latest earnings reports and economic data. Gold for June delivery GCM9, +0.68% tacked on 30 cents, or 0.02%, to settle at $1,279.70 an ounce. The most-active contract settled at its lowest levels since about Dec. 26 on...Read More
Gold futures tallied back-to-back gains on Thursday, but found only modest support for the session against a backdrop of mixed trading in the U.S. stock market on the heels of the latest earnings reports and economic data. Gold for June delivery GCM9, +0.68% tacked on 30 cents, or 0.02%, to settle at $1,279.70 an ounce. The most-active contract settled at its lowest levels since about Dec. 26 on...Read More
PINS options began trading todaySince making its public trading debut last Thursday, April 18, Pinterest Inc (NYSE:PINS) stock hasn't disappointed shareholders. In fact, the equity has yet to close a session in the red, and continues to explore all-time highs. What's more, PINS options began trading today -- here's how investors are speculating on the social media stock's future.Pinterest priced i...Read More
Last month, Trump said that he considered Herman Cain and Stephen Moore as his picks to the Federal Reserve Board. As the former had withdrawn his name from consideration, the focus shifted to the latter. Who is Mr. Moore exactly and what would his nomination imply for the gold market? Who Are You, Mr. Moore? There are still two vacancies at the Board of Governors of the Federal Reserve Boa...Read More
Granada Gold Mine is encouraged by the results of a new two stage gravity concentration from its Granada gold project near Rouyn-Noranda. Mineralized material that had only 1.01 g/t gold was successfully upgraded to 67.99 g/t.The pre-concentration study was conducted at the pilot plant of Canada Cobalt Works in Gowanda, Ont.The test was done on a 120-kg sample of low-grade material from the mine's...Read More
Toronto-based Wesdome Gold Mines continues to intersect high grades as drilling goes on at the Kiena mine complex in Val d'Or. Drills are testing the Kiena Deep A zone, with excellent results not yet reflected in a resource estimate.Ongoing drilling is expanding the Kiena Deep A zone both up and down plunge. Here are some highlights:Hole 6404: 18.2 g/t gold over 11.0 metres core length (18.2 g/t g...Read More
AAL options are pricing in a bigger-than-usual reactionAmerican Airlines Group Inc (NASDAQ:AAL) will report earnings before the open tomorrow, April 26. Ahead of the event, AAL shares just flashed a historically bearish signal on the charts, and the options market is pricing in a bigger-than-usual post-earnings move for tomorrow's trading.For most of 2019, American Airlines stock has consolidated...Read More
Some analysts are still skeptical of the outperforming stockChinese travel services stock Ctrip.com International, Ltd. (NASDAQ:CTRP) has put in a strong performance so far this year, up 55% to trade at $41.99 -- thanks in part to an early March post-earnings bull gap. More recently, the shares pulled back after hitting a nine-month high of $46.50, but are now trading near a trendline with histori...Read More
The Nasdaq is extending its streak of record intraday highsThe Dow Jones Industrial Average (DJI) is still reeling from 3M's (MMM) major earnings miss. The index has lost almost 175 points at midday, despite new record highs from both Microsoft (MSFT) and Disney (DIS). The Nasdaq Composite (IXIC) continues to flourish, however, on an earnings beat from Facebook (FB), and once again touched a new...Read More
Merck and Pfizer will also reportCertain to grab headlines next week will be the highly anticipatedearnings from FAANG members Alphabet (GOOGL) and Apple (AAPL). In addition, blue chips McDonald's (MCD), Merck (MRK), and Pfizer (PFE) are also expected to report, as areSpotify (SPOT), Sprint (S), and Advanced Micro Devices (AMD), to name a few. Outside of earnings, the Fed's policy meeting and Fed...Read More
Despite unfavourable market conditions, the mining industry is staging a comeback thanks to highly publicized multi-billion mergers and acquisitions targeting mostly the gold sector.The aggregate valuation of all miners listed on the Toronto Stock Exchange (TSX) declined by 12.7% in 2018, to $253.9 billion, compared with a 10.8% decrease in the market capitalization of the entire TSX market, says...Read More
PayPal revealed data on its Venmo service for investorsPayments specialists Visa Inc (NYSE:V) and PayPal Holdings Inc (NASDAQ:PYPL) are in focus this morning following the companies' quarterly reports, which have a number of analysts raising their outlooks on shares of V and PYPL. Let's take a closer look at the stocks.Visa reported a top- and bottom-line beat, and reaffirmed its 2019 outlook, wh...Read More
The company's first-quarter results arrived well below estimatesThe shares of 3M Co (NYSE:MMM) are slumping today, after the consumer products giant -- whose products include Post-it and Scotch Tape -- reported first-quarter adjusted profit of $2.23 per share on $7.86 billion in revenue, less than analysts were expecting. The company also lowered its 2019 earnings forecast, and said it's cutting 2...Read More