By: IRA EPSTEINRead More
The Nasdaq-100 closed at a new record high, thoughStocks started the day higher thanks to positive Chinese economic data and tech sector strength. However, markets swung lower as the healthcare sector continued to sell off on potential policy changes taking place in Washington D.C. Negative earnings reactions for heavyweights IBM (IBM) and Netflix (NFLX) only stoked the bearish flames, with the Do...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
Power Ore has completed the digitization and geological model for the Opemiska copper complex near the town of Chapais in the Canadian province of Quebec. Based on all available drilling data, it has confirmed the distribution of disseminated material around the known veins. There is also widespread disseminated mineralization near the contact with underlying rhyolite.Power Ore says the new geolog...Read More
The Mackenzie Valley Land and Water Board has given Vancouver-based GoldMining Inc. the water licence and land use permits for its Yellowknife gold project. The permits refer specifically for the Nicholas Lake-Ormsby portion of the project.GoldMining is planning advanced exploration work, including diamond drilling, underground development, and operation of the existing camp, airstrip and winter r...Read More
Both names are seeing heavier-than-usual options activityThe U.S. equities market is struggling for direction this afternoon, as Wall Street weighs a fresh round of corporate earnings. Among individual stocks making notable moves are pharma name Ionis Pharmaceuticals Inc (NASDAQ:IONS), health insurance website eHealth, Inc. (NASDAQ:EHTH), and healthcare services provider Tenet Healthcare Corp (NYS...Read More
B2Gold's (TSX: BTO NSX: B2G) stock was up over 2% Wednesday afternoon after reporting strong results on both its gold production and gold sales for the first quarter of 2019.Consolidated gold production was 230,859 ounces, 6% (12,704) ounces above target. Gold production from B2Gold's Fekola, Masbate, Otjikoto and El Limon mines all exceeded their targeted production, the company reported.The Fek...Read More
Gold fell on Wednesday for a third straight session to settle at another low for the year, with prices finding little reason to make any significant moves on the back of a steady dollar and mixed trading this week among U.S. benchmark stock indexes. Prices for the metal also barely budged in the immediate wake of the Federal Reserve's Beige Book. The snapshot of U.S. economic conditions, released...Read More
Gold fell on Wednesday for a third straight session to settle at another low for the year, with prices finding little reason to make any significant moves on the back of a steady dollar and mixed trading this week among U.S. benchmark stock indexes. Prices for the metal also barely budged in the immediate wake of the Federal Reserve's Beige Book. The snapshot of U.S. economic conditions, released...Read More
This new book is a must-read for the business-minded.A shocking new book is making its way through the academic, financial, and economic circles in America.According to one interview, it even became the #2 book in all of China!This book has become so popular because it identifies a big change in the U.S.'sfuture... which could inevitably lead to the fall of several of the most powerful tech compa...Read More
One trader seems to have executed a short put spread todayThe shares of Expedia Group Inc (NASDAQ:EXPE) are down 1.3% to trade at $124.50 today, after United Continental (UAL) announced it will pull its fares from the site later this year. Expedia and United have been battling in the courtroom, with a federal judge earlier this month rejecting the former's request for an injunction that would hav...Read More
BofA-Merrill Lynch just initiated coverage with an "underperform" ratingWhile several pot stocks have gotten a serious boost on BofA-Merrill Lynch's latest note, sector peer Cronos Group Inc (NASDAQ:CRON) has not fared so well. The analyst just initiated coverage with an "underperform" rating and a $13 price target -- a 17.7% discount to yesterday's close. The broker said it was uncomfortable with...Read More
Put volume has already hit an annual high on the healthcare ETFIt's been a brutal week for healthcare stocks, as traders head to the sidelines on concerns about potential policy changes out of Washington, D.C., including a "Medicare for All" bill from Sen. Bernie Sanders of Vermont. The sector-wide sell-off is nowhere more evident than in theHealth Care Select Sector SPDR ETF (XLV), which is on pa...Read More
The two names are flashing reliably bullish signalsThe U.S. stock market has put in a strong performance this month, with the S&P 500 Index (SPX) pacing toward a 2.3% April gain. The retail sector, in particular, has been a pocket of strength, as evidenced by a 1.2% month-to-date advance for the SPDR S&P Retail ETF (XRT). And if history is any indicator, retail stocks Gap Inc (NYSE:GPS) and Boot B...Read More
Confusion over who's in charge in Venezuela may keep Crystallex International Inc. from collecting a $1.2 billion arbitration award.Crystallex, a bankrupt gold producer, is trying to seize shares of the U.S. unit of Venezuela's state-owned energy company that controls Citgo Holding Inc. An appellate judge in Philadelphia indicated at a hearing Monday that the matter may get sent back to a lower co...Read More
Analysts have issued a flurry of price-target hikes and upgrades todayNo stock has been as hot as Qualcomm, Inc. (NASDAQ:QCOM) these last two days, after the chipmaker settled its patent dispute with Apple (AAPL). As part of the settlement, Qualcomm signed a new six-year patent license deal with the iPhone maker, which would add over $25 billion in market cap. However, amidst this surge up the c...Read More
The Nasdaq is clinging to a modest gainThe Dow Jones Industrial Average (DJI) has erased this morning's gains, due to disappointing earnings from blue chip IBM (IBM). The healthcare sector also continues to struggle, with UnitedHealth Group (UNH) lower again on concerns about potential policy changes out of Washington, D.C. Meanwhile, the S&P 500 Index (SPX) is lower with the Dow, though the Nas...Read More
Take advantage of the first amendment, and participate in a nation-wide poll.With the 2020 election growing ever closer, the country continues to be divided politically.From disputes about the appropriateness of displaying the Confederate flag, to rights for minorities, and the ever-growing concern about security at the U.S. border, the 2020 election promises to be contentious... if not the most c...Read More
The joint venture - Copper Fox 25% and Teck Resources 75% owned - continues to move forward with work at the Schaft Creek advanced exploration project. Located 375 km northwest of Smithers, the property is a potential producer of copper, gold and molybdenum.An in-depth conceptual study has begun to follow up on last year's sizing and infrastructure alternatives. The project is also being de-risked...Read More
The burger stock is still up 27% year-to-dateBurger giant Shake Shack Inc (NYSE:SHAK) is down 3% at $57.69, after Longbow Research downgraded the stock to "neutral" from "buy," saying the equity's gains since November are "modest" relative to the company's fourth-quarter same-store sales beat. This is offsetting a price-target hike to $60 from $54 at Wedbush, though the new target is in line with...Read More