Macquarie cut its rating on the chip stock, citing risk from the Apple-Qualcomm settlementMacquarie downgraded Skyworks Solutions Inc (NASDAQ:SWKS) to "neutral" from "outperform," but maintained its $90 price target -- a discount to last night's close at $93.56. The brokerage firm said Apple's (AAPL) recent settlement with Qualcomm (QCOM) could create pressure for SWKS, and may limit the Massachus...Read More
CEO Ulrich Spiesshofer announced his resignationShares of Swiss engineering group ABB Ltd (NYSE:ABB) are soaring today, after CEO Ulrich Spiesshofer stepped down, to be temporarily replaced by Chairman Peter Voser. Voser announced that the company has already initiated its search for a permanent CEO. The company also reported first-quarter earnings. ABB stock is up 6% at $21.15, in response, pacin...Read More
Three stocks could help investors double their money in 2019.2019 could be a game-changer for investors... Especially those looking to potentially double their money.Those investors now have a simple blueprint to follow for success.Simply put, these three stocks could be the best way to make money in 2019 -- whether the markets are flying high, or sinking like a ship.This free Investor's Report re...Read More
The brokerage sees DPZ as an outperformer among its peersToday, Morgan Stanley weighed in on two restaurant stocks. First up, the brokerage firm downgraded Chipotle Mexican Grill, Inc. (NYSE:CMG) to "equal-weight" from "overweight," while raising its price target to $658 from $617. The analyst in coverage sees the burrito chain's upside already baked in, with sales-driving initiatives already acc...Read More
Intel and Qualcomm are higher in electronic tradingDow Jones Industrial Average (DJI) futures are signaling a higher open, as traders digest data that showed the Chinese economy grew at a faster-than-anticipated pace in the first quarter. Back at home, corporate earnings continue to pour in, with Netflix (NFLX) stock up after earnings, while Intel (INTC) shares are surging on the blue chip's plans...Read More
BofA believes Aurora and Canopy Growth could do well in the global cannabis marketsOne of today's most notable headlines from Wall Street came out of BofA-Merrill Lynch, which initiated coverage on marijuana stocks Aurora Cannabis Inc (NYSE:ACB) and Canopy Growth Corp (NYSE:CGC) with "buy" ratings. Aside from the bullishness of the note, it's also noteworthy because so few Wall Street firms have y...Read More
Morocco's leading mining firm Managem said it is considering raising 200 million dollars through sales of non-convertible bonds with a maturity of up to 7 years to fund its development plans.The terms of the issuance will have to be approved by its general assembly on May 6, Managem said in a statement.Last month, the group reported a 16 percent drop in 2018 revenue to 4.35 billion dirhams ($454.5...Read More
A five-month long strike affecting Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) gold operations in South Africa came to an end on Wednesday, after the company reached an agreement with the Association of Mineworkers and Construction Union (AMCU).Sibanye, South Africa's largest gold producer, has run up losses of about 1.6 billion rand ($114 million) and about 110,000 ounces of missed gold output bec...Read More
(corrects to make clear price closed up in para 4) * GRAPHIC-2019 asset returns:* China data boosts metals sentimentBy Zandi ShabalalaLONDON, April 17 (Reuters) - Copper prices hit a nine-monthhigh on Wednesday as firmer-than-expected economic growthfigures from China boosted expectations for higher demand in theworld's top metals consumer.China's economy grew at a 6.4 percent pace in the firstqua...Read More
Along with 25 names to beware of Markets are closed at the end of this week for Good Friday, as many get ready to celebrate Easter over the weekend. So, it's a good time to see how stocks have tended to perform around the holiday. Also, I found an interesting stat on what Easter means for the rest of the year, and finally, I'll list the best and worst stocks in the week following Easter.Stocks Per...Read More
* Economy Minister Altmaier presents spring forecast * Berlin sees growth of 0.5 pct in 2019, 1.5 pct in 2020 * Trade disputes, Brexit weighing on economy * Government to pour billions in R&D incentives (Adds president of Ifo institute)By Michael NienaberBERLIN, April 17 (Reuters) - The German government is eyeingincentives to boost corporate research and development aftercutting its forecast...Read More
* FTSE 100 about flat* FTSE 250 down 0.3 pct * Mining shares hit as Vale set to reopen Brazilian mine * Bunzl plunges after first-quarter update * Mediclinic surges on mid-caps (Adds company news items, updates to closing prices)By Muvija M and Samantha MachadoApril 17 (Reuters) - Britain's FTSE 100 was off itssix-month high as a fall in miners over Vale's plans to reopen amajor Brazilian mine off...Read More
Published 23 Hours AgoUpdated7 Hours AgoReuters Leonhard Foeger | ReutersGold eased on Wednesday, holding near the 2019 lows touched in the previous session, as economic growth data from China assuaged concerns about global growth and drove investors into riskier assets.Spot gold dipped 0.1 percent to $1,274.43 per ounce as of 12:40 p.m., after having fallen as much as 1.2 percent to $1,272.70, i...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose Tuesday, getting a boost from Johnson & Johnson (JNJ - Get Report) , which posted strong first-quarter earnings, but gains were capped on a slump in shares of UnitedHealth Group (UNH - Get Report) . UnitedHealth, the giant health insurer, tumbled even after beating Wall Street's first-quarter earning...Read More
If you aren't already betting on metals and mining stocks, you ought to consider doing so now. A likely rebounding Chinese economy should help boost demand for metals and materials, which in turn should help further lift the mining stocks, such as those held in the iShares MSCI Global Metals & Mining Producers (PICK - Get Report) exchange-traded fund. The sector faces "a 'G...Read More
Investing.com - Prices of safe-haven gold fell on Tuesday in Asia amid more positive developments in the Sino-U.S. trade talks.Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, were down 0.2%, at $1,288.15 per ounce by 12:55 AM ET (04:55 GMT).U.S. Treasury Secretary Steven Mnuchin said on Monday that Washington and Beijing might be “close to th...Read More
By: Dave KranzlerThe current stock market is the most dangerous stock market I have seen in my 34+ year career as a financial markets professional. This includes 1987, 1999-2000 and 2007-2008. The run-up in stocks has been largely a product of momentum-chasing hedge fund algos on behalf of the large universe of sophisticated hedge funds which are desperate for performance. In the context of the...Read More
COLORADO SPRINGS, April 17, 2019 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") reports preliminary production results for the first quarter ended March 31, 2019 of approximately 6,538 ounces of gold, 364,653 ounces of silver and significant base metals. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in O...Read More
By: Craig Hemke, TF MetalsSix years ago this week, COMEX gold and silver prices were deliberately smashed in order to take out critical support levels that had held since 2011. The parallels to present day circumstances are obvious and must be fully considered.The key to understanding this is to recognize that the situation in 2019 is reminiscent of 2010. We've been writing about this for months...Read More
"A bully is always a coward."~ Thomas Chandler HaliburtonThe current market rally is like a playground bully; shoving to the ground anyone in its path.But like all bullies, the braggadocio belies an underlying cowardice.Those in charge of the status quo must be absolutely terrified to resort to the unnatural lengths they are going to right now to keep the current rally intact.Unnatural ActsIn re...Read More