Gold's previous rally attempt failed due to the dollar's strength.Traders should avoid that same mistake during gold's latest rally.The dollar index needs to reverse its immediate-term uptrend line.For the first time in weeks, gold investors have reason to smile after the metal's latest rally attempt. The reversal process of gold's 10-week decline, however, has only just begun and face...Read More
The options market is pricing in a big move for Wednesday's tradingApple Inc. (NASDAQ:AAPL) headlines a busy week of earnings season, with the iPhone maker set to unveil its fiscal second-quarter results after the close tomorrow, April 30. Ahead of the event, AAPL stock has been relatively quiet on the charts, per its 30-day historical volatility of 12.3%, which registers in the 8th annual percent...Read More
Seagate stock has added 16% year-to-dateData storage name Seagate Technology PLC (NASDAQ:STX) is up 0.3% at $45.11 in today's trading, moving higher as investors anticipate the company's upcoming quarterly report. STX's fiscal third-quarter results are scheduled for before the market opens tomorrow, April 30. Below, we will dive into what the options market is anticipating in terms of a post-earni...Read More
The Nasdaq also touched an all-time bestThe Dow Jones Industrial Average (DJI) is modestly higher at midday, led by bank stocks, astraders look ahead to a full week of earnings and economic data. In addition, Wall Street is digesting relatively tame inflation data ahead of the Fed's policy meeting, with the central bank widely expected to stand pat on interest rates. Elsewhere, the S&P 500 Index...Read More
Snap is partnering with Shopify to open up advertising on its appThe shares of Snap Inc (NYSE:SNAP) is up 2.5% to trade at $11.13 today, boosted by news of a partnership with Shopify (SHOP), which can now pay for ads to be rolled out on the Snapchat app. Plus, SNAP call options have been flying off the shelves, perhaps signaling that options traders think the red-hot social media stock has more...Read More
Shares of Premier Gold Mines (TSX: PG) went up 7% at Monday's market open on news of a high-grade discovery at the McCoy-Cove project in Nevada. The company's market capitalization sits at C$345 million.In today's press release, the company announced the discovery of a 118.9 m thick mineralized zone grading 4.12 g/t, including a high-grade interval assaying 15.74 g/t gold across 6.1 m, in the fir...Read More
Shares of Premier Gold Mines (TSX: PG) went up 7% at Monday's market open on news of a high-grade discovery at the McCoy-Cove project in Nevada. The company's market capitalization sits at C$345 million.In today's press release, the company announced the discovery of a 118.9 m thick mineralized zone grading 4.12 g/t, including a high-grade interval assaying 15.74 g/t gold across 6.1 m, in the fir...Read More
AMC theaters saw a record-breaking Friday and Saturday at its U.S. locationsOn the heels of an "Avengers: Endgame" record-breaking weekend, shares of AMC Entertainment Holdings Inc (NYSE:AMC) are up 0.6% at $15.49 in this morning's trading. The movie theater chain reported single-day record highs for attendance, and food and beverage sales this past weekend, the latter marking all-time highs both...Read More
Some mobile app stores in China have dropped Momo's Tantan app China social networking name Momo Inc (NASDAQ:MOMO) is near the bottom of the Nasdaq today, on news that some mobile app stores in China have taken down the company's Tantan app at the direction of the Chinese government. Momo said it plans an internal review of the Tinder-like dating app, to make sure it's compliant with government ru...Read More
Analysts also weighed in on CVS before earningsTarget Corporation (NYSE:TGT) is on the rise this morning after Barclays upgraded the stock to "overweight" from "equal weight." The brokerage firm also boosted its price target by $30 to $115, expecting the retailer to take market share from what it called a "weaker subset" of rivals. The note called last week's pullback in TGT shares, sparked by Ama...Read More
The music streaming service reported strong revenue growth in the first quarterSpotify Technology SA (NYSE:SPOT) said revenue jumped 33% to $1.69 billion in the first quarter -- more than analysts were expecting. The music streaming service also said paid subscribers hit 100 million in the three-month period, while monthly active users (MAU) rose 25% to 217 million. In reaction, SPOT stock is up 0...Read More
ADBE has added 41% from its Christmas Eve bottomThe shares of Adobe Inc (NASDAQ:ADBE) are up 2.9% to trade at $290.23, and earlier tapped a fresh record high of $290.46. This comes after Morgan Stanley upped its rating on the software name to "overweight" from "equal weight," while boosting its price target to $340 from $282, the highest on Wall Street. Analyst Keith Weiss waxed optimistically on...Read More
"Avengers: Endgame" pulled in a record $1.2 billion globally its first weekendDow Jones Industrial Average (DJI) futures are signaling a slightly higher start, thanks to strong gains for Walt Disney (DIS) stock, which is up 1.9% ahead of the bell after "Avengers: Endgame" pulled in a record $1.2 billion globally in its opening weekend. The upside is being contained as Boeing (BA) shares slip ahead...Read More
Russian miner Nordgold (LON:NORD) invested $70 million last year in its Guinea-based gold mine, $22 million more than the total allocated in 2017, the company said on Monday.Nordgold, which spun off of Russian steelmaker Severstal in 2012, said the funds allowed it to both, extend Lefa mine's life and improve efficiencies at the operation.The gold producer, which acquired the mine in 2010, said it...Read More
Short interest could help the RUT overcome round-number resistance"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, which occurred on F...Read More
Consider a paired trade on this sector that tends to struggle between Memorial Day and Labor DayThe following is a reprint of the market commentary from the May 2019 edition of The Option Advisor, published on April 26. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.The month of April is rapidly coming to an end, a...Read More
Learn how to protect savings and maximize returns by investing in precious metals.Gold Trust would like to announce the newest edition of its guide to precious metals, perfect for anyone hoping to safeguard their investments and retirement!And today, they are giving away a free copy of their Investor's Guide to Precious Metals 2019!Their goal is to help regular investors learn the "pro" secrets...Read More
ePower Metals (TSXV: EPWR) announced that it has entered into a binding letter of intent with Minera Alamos for the assignment of the option to earn a 100% interest in the Los Reyes gold project located in the northwestern state of Sinaloa, Mexico.In a press release, the Vancouver-based miner explained that the LOI stipulates a 30-day period to enter into a definitive agreement.At present, Minera...Read More
ePower Metals (TSXV: EPWR) announced that it has entered into a binding letter of intent with Minera Alamos for the assignment of the option to earn a 100% interest in the Los Reyes gold project located in the northwestern state of Sinaloa, Mexico.In a press release, the Vancouver-based miner explained that the LOI stipulates a 30-day period to enter into a definitive agreement.At present, Minera...Read More
* Market looking for clues to China demand * Premium for zinc cash over three-month highest since Dec. (Adds comment, updates with official prices)By Pratima DesaiLONDON, April 29 (Reuters) - Copper prices slipped on Mondayas stocks in London Metal Exchange-approved warehouses jumped,suggesting lacklustre demand, and volumes fell ahead of holidaysin top consumer China.Benchmark copper on the Londo...Read More