Teranga is interested in Barrick's Massawa project in Senegal, which is likely to be put for sale soon.The project is adjacent to Teranga's Sabodala mine, which would allow it to achieve significant synergies.I think that IAMGOLD is also likely to be interested in Massawa, but Teranga has better chances to acquire the project thanks to its cornerstone investor David Mimran. Introduction Barrick Go...Read More
We are getting some indication that the price as we come into next week is in an area of demand.According to the VC PMI, the gold market is very well supported with last week's low of $1293 activating a reversal back up.We seem to be forming a wedge, a descending wedge or a bear flag, and a breakout from there would confirm a breakout to the upside.Gold Courtesy: TDAmeritrade The price of gold...Read More
ELY call volume is running at four times the norm todayThe shares of Callaway Golf Co (NYSE:ELY) are higher this afternoon, after Tiger Woods won his first major golf title in more than a decade. What's more, options traders are speculating on even more short-term upside for ELY following the positive attention from the Masters Tournament.Callaway stock was last seen 1.5% higher at $16.79, after e...Read More
JNJ has seen support near $135Shares of pharmaceutical giant Johnson & Johnson (NYSE:JNJ) are slightly higher in today's trading, last seen up 0.1% at $136.16. Traders aregearing up for first-quarter earnings, which are slated for before the market opens, tomorrow, April 16. Below we will take a look at how JNJ has been faring on the charts, and see what the options market is pricing in for its p...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
Friday's trading session was bullish, as stocks broke above their short-term consolidation following the first quarterly earnings releases, among other factors. The S&P 500 index broke above the 2,900 level. Will the uptrend extend despite some technical overbought conditions?The U.S. stock market indexes gained 0.5-1.0% on Friday, breaking above the recent trading range, as investors' sentime...Read More
The company will report earnings after the close tomorrowIt's earnings season, everyone. The first FAANG name up is Netflix, Inc. (NASDAQ:NFLX), set to release its quarterly report after the close tomorrow, April 16. Ahead of the event, NFLX call options have been flying off the shelves lately, and the shares just flashed a historically bullish signal on the charts. In fact, the equity showed up...Read More
The drugmaker halted a mid-stage trial in bladder cancer patientsClovis Oncology Inc (NASDAQ:CLVS) late Friday said it was discontinuing a mid-stage trial of its lead cancer drug, rucaparib, in bladder cancer patients following the recommendation of an independent committee. Although CLVS said it will continue current late-stage trials testing the drug as a treatment for ovarian and prostate cance...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
Earnings disappointments from Goldman Sachs and Citigroup continue to weigh on indexesThis morning's disappointing earnings report from Goldman Sachs (GS) continues to weigh on the Dow Jones Industrial Average (DJI), while a negative earnings reaction for fellow bank stock Citigroup (C) is dragging the S&P 500 Index (SPX) into the red. Elsewhere, traders are still digesting Treasury Secretary Ste...Read More
Yamana Gold sells Chapada mine to Lundin for total consideration of over $1 billion.The company doubles the dividend and announces its intentions to buy back stock.The move comes as part of a general trend of focusing on shareholder returns over growth.Yamana Gold (AUY) has just announced major news: the company is selling its Chapada mine to Lundin (OTCPK:LUNMF) for a total consideration of over...Read More
ULTA has been climbing the charts all yearShares of Ulta Beauty Inc (NASDAQ:ULTA) are up 1.7% at $350.86, thanks to some early morning bull notes. J. P. Morgan Securities raised its ULTA price target by $45to $390, citing potential upside from reality star Kylie Jenner's makeup line, and said the cosmetics retailer is "well-positioned" for strong top-line performance. Morgan Stanley also chimed in...Read More
BPTH stock is up 553% year-to-dateThe shares of Bio-Path Holdings Inc (NASDAQ:BPTH) jumped more than 34% out of the gate, marking the biotech's first trek above the round $20 mark since April 3. Boosting the shares is Bio-Path's request to the Securities and Exchange Commission (SEC) to withdraw a stock offering, after issuing a prospectus filing in March.More recently, BPTH stock has accelerated...Read More
Analysts and options traders alike are bullish on SPOTThe shares of Spotify Technology SA (NYSE:SPOT) are down 4.2% to trade at $138.91 this morning, under pressure from news of increased competition in the streaming space. More specifically, on late Friday Billboard reported Amazon.com (AMZN) plans to launch a free, ad-supported music-streaming service. Amazon will be able to market its new offe...Read More
The shares of MKTX and TW have been solid on the chartsFintech stocks MarketAxess Holdings Inc. (NASDAQ:MKTX) and Tradeweb Market Inc (NASDAQ:TW) are in focus this morning after an analyst note out of Rosenblatt Securities. The brokerage firm sees ongoing growth trends for the businesses thanks to expanded electronic trading adoption and analytics capabilities, calling MKTX and TW "unique assets"...Read More
CFO Corie Barry will replace Hubert Joly as BBY CEOThe shares of Best Buy Co Inc (NYSE:BBY) are down slightly in early trading after the electronics retailer announced that current Chief Financial Officer (CFO) Corie Barry would take the place of Hubert Joly as CEO. Joly has served as CEO since 2012, and is stepping down to serve as the executive chairman of the company. As a result, BBY stock is...Read More
Citigroup, meanwhile, is higher after earningsDow Jones Industrial Average (DJI) futures are trading below fair value this morning, with the blue-chip index poised to take a breather after Friday's big gains. Bank earnings remain in focus today, with Goldman Sachs (GS) stock lower ahead of the bell after the financial firm reported weaker-than-expected revenue. A quarterly profit beat for Citigrou...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
The USD is trading mixed today with a Risk On mood permeating from Asia to Europe at the start of a shortened trading week. Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument. Read More
(Corrects figure to 40 percent from 4 percent in paragraph 6) * Positive changes in structural adjustments of economy-PBOC * C.bank reaffirms prudent policy, says to keep liquidityample * PBOC pledges to keep yuan basically stable * China due to report first-quarter economic growth onWednesdayBEIJING, April 15 (Reuters) - China's central bank on Mondaycalled for more coordination between the count...Read More