HOG options are pricing in a bigger-than-usual reactionMotorcycle manufacturer Harley-Davidson Inc (NYSE:HOG) will report earnings before the open tomorrow, April 23. Ahead of the event, HOG shares just flashed a historically bearish signal on the charts, and it looks like options traders today are rolling the dice on a negative earnings reaction.HOG stock has moved more than 18% higher in the pas...Read More
Spotify is another stock lower on bearish analyst attentionDillard's, Inc. (NYSE:DDS) is trading down 9.2% today at $67.10, following a downgrade to "underperform" from "neutral" at Wedbush, which kept its $65 price target. Wedbush analyst Jen Redding noted concern over Dillard's quarterly performance being be weighed down by an increase in promotional activity, and said that the stock is trading...Read More
Both social media stocks tend to make big post-earnings movesFirst-quarter earnings season is heating up. Among some of the high-profile names set to report this week are Twitter Inc (NYSE:TWTR) and Snap Inc (NYSE:SNAP), with results from each due tomorrow, April 23. Both social media stocks have a history of making outsized moves after earnings, and a positive reaction for outperforming TWTR and...Read More
Keith Barron, who owns 53% of the outstanding common shares of Aurania Resources (TSXV: ARU), has agreed to loan the company up to C$3 million to support exploration at its 100%-owned Los Cities gold project in Ecuador. The chairman and CEO also participated in the company's rights offering in March that raised C$5.25 million. Barron acquired 1.48 million of the 1.95 million shares issued at C$2.7...Read More
2 brokerage firms expect DTIL shares to doubleAlthough healthcare stocks just wrapped up a brutal week amid concerns about potential policy shifts in Washington, D.C., analysts are waxing optimistic on a pair of biotech stocks today. More specifically, analysts expect Wall Street freshman Precision BioSciences Inc (NASDAQ:DTIL) to double on the charts, and they have high hopes for Neurocrine Biosc...Read More
KO's 120-day trendline is emerging as resistanceThe Coca-Cola Co (NYSE:KO) is scheduled to report first-quarter earnings before the market opens tomorrow, April 23. The security has been stuck beneath several layers of resistance since its mid-February post-earnings bear gap, including the $47.50 region -- near its year-to-date breakeven mark at $47.35 -- and its 120-day moving average, a former f...Read More
How you can transform lagging indicators into leading indicators.Many traders are tired of repeating the same mistakes over and over again, but are unsure how to break the cycle of bad decisions that lead to mediocre, or even poor results.And even the supposed "market gurus" or "experts" don't have the answer... or if they do, it's "all flash and no substance."But there is a REAL solution.While ot...Read More
Shares of Westhaven Ventures Inc. (TSX-V: WHN) took a hit on Monday morning, down over 12% at market open and at one point traded at a six-month low of C$0.60. The company's market capitalization sits at just over C$57 million. Earlier, the company had released results from its ongoing drill campaign at the Shovelnose gold property, highlighted by 28.72 metres of 2.97 g/t gold and 13.68 g/t silver...Read More
Oil prices are heading for their highest close since late OctoberThe Dow Jones Industrial Average (DJI) is lower today, but has pared sharper losses from this morning. Boeing(BA) was charged with most of the early morning damage, after a New York Times article over the weekend pointed to "shoddy production" at a factory that makes the 787 Dreamliner. Elsewhere, oil prices -- and Dow stocks Exxon...Read More
Lam Research reports earnings this weekLam Research Corporation (NASDAQ:LRCX) is trading 0.7% higher at $196.10, after brokerage firm B. Riley upgraded its stance to "buy" from "neutral," while lifting its price target to $235 from $170. The analyst note said an in-line quarter can be expected when the semiconductor equipment and services producer reports earnings after the close this Wednesday, A...Read More
Rising oil prices are also likely boosting HALOil service stock Halliburton Company (NYSE:HAL) is up 1.9% at $31.73 this morning, moving higher on the back of a first-quarter earnings beat. CEO Jeff Miller also opined that "the worst in the pricing deterioration is now behind us." In addition, HAL stock is likely getting a tailwind from rising crude oil prices.On the charts, HAL has struggled to b...Read More
The shares have pulled back sharply from their mid-April record highThe shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) are down 6.6% to trade at $493.04, after the da Vinci Surgical System maker reported first-quarter adjusted profit of $2.61 per share, which was below the consensus estimate of $2.70 per share. And while the company's quarterly revenue of $974 million came in above expectations,...Read More
The retail stock has had a volatile yearThe shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) are down 0.6% to trade at $17.31 this morning, after the company announced co-founders Warren Eisenberg and Leonard Feinstein will retire from the board, while five new independent directors to its C-suite. A business transformation and strategy review committee will be formed too, after receiving pressu...Read More
May-dated crude is trading more than 2% higher this morningDow Jones Industrial Average (DJI) futures are signaling a lower start, under pressure from Boeing (BA). The blue-chip stock is off 1.2% in electronic trading, after a New York Times article over the weekend suggested "shoddy production" at a factory that makes BA's 787 Dreamliner. Futures on the S&P 500 Index (SPX) are pointed lower, too,...Read More
You can never totally rule out a correction, so here's how to hedge a risk-on portfolio"History suggests that a run through 2,900 and back to the September intraday high of 2,940 is imminent. Since 1950, in the 11 instances in which the SPX experienced at least a 20% decline from intraday high to intraday low, as it did in the fourth quarter, and then rallied back to within 2% of its intraday high...Read More
With most of the US and European markets closed due to Easter Monday bank holiday, the currency markets are expected to be quiet. Economic data is sparse with only the release of the US new home sales report later in the day. The quiet start to the week comes ahead of some key economic releases and central bank meetings due over the course of the week. Euro Currency Turns Bearish Again The...Read More
Toronto-based Pelangio Exploration (PX:TSX-V) announced that its exploration team has started a limited drilling program at the company's Dome West property located in Timmins, Ontario. Dome West, formerly controlled by Central Porcupine Mines, is a 56-hectare land holding that is adjacent to the former Paymaster Mine and separated by some 800 metres from Goldcorp's open-pit Dome Mine.In a press r...Read More
Gold falls to $1270 and silver edges below $15.Silver open interest is moving higher - A danger sign.Gold and silver are allergic to higher interest rates.The dollar is sitting near the high - The ratio makes a new high.Silver futures to go with the flow - USLV and DSLV for those who do not venture into the futures arena.Silver and gold hit their respective highs so far in 2019 in mid-February. Ne...Read More
(Recasts)DUBAI, April 22 (Reuters) - Tehran is prepared for a U.S.decision to end waivers granted to buyers of Iranian crude, anIranian oil ministry source said on Monday, as the RevolutionaryGuards repeated their threat to close the strategic Strait ofHormuz, Iranian media reported.The United States will fail to cut Iranian oil exports tozero, the semi-official Tasnim news agency on Monday quoted...Read More
* Speculators switched to net short in COMEX gold last week- CFTC * SPDR gold holdings fall to lowest in over 6 months * Brent prices jump 3 percent to highest since Nov (Updates prices)By Sethuraman N RApril 22 (Reuters) - Gold inched up on Monday, moving awayfrom a near 4-month trough touched in the previous session,drawing support from a drop in equities and a jump in crude oilprices.Spot gold...Read More