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
Sibanye Gold Ltd. raised $125 million by selling future gold production, the second major step by the company this week to build up cash as it faces a drawn-out labor dispute.In exchange for the cash, South Africa's largest gold miner will deliver about 106,000 ounces of gold to Citigroup Inc., it said Thursday. That comes after the company this week sold about $120 million of new shares.Key Insig...Read More
Negative headlines are pressuring weed stocks lower todayWeed stocks are lower across the board today, after Scotiabank noted overly optimistic expectations for many cannabis companies, including Tilray (TLRY),Aurora Cannabis (ACB), and Canopy Growth Corp (NYSE:CGC). More specifically, Scotia thinks Canopy Growth's first-quarter earnings estimates are too high. On top of that, MarketWatch noted th...Read More
X, meanwhile, is sinking on its second downgrade of the weekThe U.S. stock market has swung lower this afternoon, after holding modest gains through midday. Among individual stocks making notable moves are steel producer United States Steel Corporation (NYSE:X), liver diseases specialist Intercept Pharmaceuticals Inc (NASDAQ:ICPT), and financial technology and fruit juice firm Future FinTech Group...Read More
Troilus Gold Corp. (TSE:TLG) has announced a bought deal public offering of common shares that will raise approximately $12 million. The shares are priced at $0.85 each.The shares will be purchased by a syndicate of underwriters co-led by Canaccord Genuity and GMP Securities. The underwriters have been granted an over-allotment of 2.1 million shares that would, if fully exercised, raise an additio...Read More
Gold futures on Thursday marked their largest daily drop and lowest settlement month to date, with the tumble pushing bullion below a psychologically and technically significant level at $1,300. Gold and silver both declined, "pressured by a rebound in the U.S. dollar index and by chart-based sellers entering the futures markets," said Jim Wyckoff, senior analyst at Kitco.com. June gold GCM9, +0.0...Read More
Gold futures on Thursday marked their largest daily drop and lowest settlement month to date, with the tumble pushing bullion below a psychologically and technically significant level at $1,300. Gold and silver both declined, "pressured by a rebound in the U.S. dollar index and by chart-based sellers entering the futures markets," said Jim Wyckoff, senior analyst at Kitco.com. June gold GCM9, +0.0...Read More
The stock just pulled back to its 40-day moving averageRetail concern Abercrombie & Fitch Co. (NYSE:ANF) has been relatively range-bound since its post-earnings bull gap in early March, trading between support in the $25 area and resistance around $27.50. However, ANF -- already up nearly 30% year-to-date -- could be ready to rocket higher, if history is any indicator. The stock is up 1% at $25....Read More
Stocks retraced some of their Tuesday's decline yesterday, as they continued to fluctuate following the recent rally. The S&P 500 index traded slightly below the 2,900 mark. Will the uptrend continue despite some technical overbought conditions?The U.S. stock market indexes were mixed between 0.0% and +0.7% on Wednesday, as investors hesitated following Tuesday's decline. The S&P 500 index...Read More
Both CSII and FBHS suffered steep blows from analysts todayFortune Brands Home & Security Inc (NYSE:FBHS) specializes in three main categories: plumbing, doors and security, and cabinets. Analysts at Barclays have project worry toward the latter business, saying increasing competition from China could present headwinds. The brokerage firm downgraded its rating on FBHS stock to "underweight" from "...Read More
Hilton Hotels stock is fresh off a record highHotel giant Hilton Worldwide Holdings Inc. (NYSE:HLT) is slightly higher in afternoon trading, last seen up 0.2% at $88.12, and just off a fresh record high of $88.69. The shares have been climbing since their late-December lows, ushered higher by their 40-day moving average. More recently, the stock bounced from the $82 level, home to a mid-February...Read More
Lumina Gold (TSXV: LUM) has drilled its longest continuous section of mineralization at its Gran Bestia copper-gold deposit in Ecuador, part of its Cangrejos copper-gold project.The company cut 0.62 gram gold per tonne and 0.11% copper over 626 metres from surface including 1.14 grams gold and 0.13% copper over 86 metres from 224 metres downhole and 0.93 gram gold and 0.18% copper over 86 metres f...Read More
Britain now has until Oct. 31 to divorce the EUThe European Union (EU) today granted Britain another extension to the Brexit deadline, pushing itfrom this Friday, April 12, to Oct. 31. Should Prime Minister Theresa May win lawmakers' approval for her Brexit plan before then, the U.K. can divorce the EU sooner, per a clause in the agreement.Against this backdrop, the iShares MSCI United Kingdom ETF...Read More
Super Wednesday is behind us! The masters of monetary policy have revealed their cards. The Fed released the fresh minutes, the ECB held its monetary policy meeting, while the Brexit was postponed again. How will all these play out in the gold market? Minutes Show Patience among the FOMC Members The minutes from the pivotal FOMC meeting show that the Fed saw the first-quarter economic slowdown as...Read More
The shares hit a two-year low earlierThe shares of WW International, Inc. (NASDAQ:WTW), formerly known as Weight Watchers, are taking a beating -- down 12.5% at $17.97, fresh off a two-year low of $17.55 -- following some bearish brokerage attention. Options traders don't seem to mind, with volume running hot today, and notable bullish activity detected.Taking a closer look at that analyst note, J...Read More
JPM shares are higher ahead of earnings tomorrowThe Dow Jones Industrial Average (DJI) is cautiously higher, up nearly 30 points at midday. The index is getting a boost from bank stock JPMorgan Chase (JPM) ahead of tomorrow's earnings release, and Boeing (BA) is on pace to snap a four-day losing streak. However, UnitedHealth (UNH) is keeping the Dow's gains in check, with the shares lower on nega...Read More
Square options are attractively priced at the moment, tooSquare Inc (NYSE:SQ) is up 1% today, trading at $75.64. The payments stock has been quiet on the charts lately, shedding 1.5% in the last 30 days. However, amidst this mini pullback, a buying opportunity has emerged, if history is any guide. Despite boasting a 34% lead in 2019, for the last month Square stock has traded in a tight range bet...Read More
UNH has had a choppy year on the chartsDow stock UnitedHealth Group Inc (NYSE:UNH) is trading down 0.8% at $244.11, following a price-target cut to $292 from $310 at BMO. This new price target is still a nearly 19% premium to last night's close, and echoes a generally bullish bias among the brokerage bunch. Specifically, 16 of the 17 covering firms sport "buy" or better ratings, while UNH's averag...Read More
There's already heavy options trading on Waste ManagementBeverage expert Keurig Dr Pepper (NYSE:KDP) and trash giant Waste Management, Inc. (NYSE:WM) have both been strong performers on the charts, but today analysts have weighed in bearishly on the stocks. Below is a brief look at the shares of KDP and WM. Morgan Stanley downgraded its rating on Keurig Dr Pepper to "underweight" from "equal-weigh...Read More
Pinterest's trading debut could also make noiseEarnings season heats up next week with a slew of Dow names on the docket. American Express (AXP), Goldman Sachs (GS), IBM (IBM), Johnson & Johnson (JNJ), and UnitedHealth (UNH) are among the blue chips set to report. Also ready to report will be streaming name Netflix (NFLX) and Coke rival PepsiCo (PEP). Housing starts, retail sales, and a handful o...Read More