AAPL stock was downgraded at HSBC Yesterday, Apple Inc. (NASDAQ:AAPL) stock closed down 0.3%, falling short of its longest daily win streak since 2010. Today, the FAANG stock is lower once again, down 0.5% to trade at $198.53, thanks to a bearish analyst note.Specifically, HSBC downgraded the stock to "reduce" from "hold," with the brokerage firm saying it doesn't expect the new slate of Apple ser...Read More
The marijuana company will expand its Alberta facility by more than initially plannedCanadian marijuana concern Aurora Cannabis Inc (NYSE:ACB) just announced that is will be expanding its Aurora Sun production facility in Alberta by 33% more than initially planned, in order to meet the ever-growing global demand for medical-grade marijuana. The shares of ACB are inching higher in response, up 1% a...Read More
Cowen likes AMD's positioning versus rival IntelXilinx, Inc. (NASDAQ:XLNX) has been a notable outperformer in recent months, outpacing the S&P 500 Index (SPX) by almost 28 percentage points over the past 60 sessions. In fact, Schaeffer's Quantitative Analyst Chris Prybal just pointed out that XLNX has seen the largest increase in market cap since September among all companies valued under $40 bill...Read More
UAA is nearing a historically bullish trendlineAthletic retailer Under Armour Inc (NYSE:UAA) is moving higher in this morning's trading. Its new-found surge comes just after Citigroup upgraded to "buy" from "neutral" and hiked its price target to $29 from $23. The firm said UAA holds a "renewed focus" for profit growth, and has adapted to the "changing athletic landscape." In response, UAA is up...Read More
A short squeeze could be fueling the solar stock's rallyAbout a month ago, Goldman Sachs waxed optimistically over large-cap solar stocks. Today, the brokerage firm upped the ante, adding First Solar, Inc. (NASDAQ:FSLR) to its "Americas Conviction List," while reiterating its "buy" rating, and raising its price target to $75 from $64. The analyst in coverage glowed about the company's strong U.S...Read More
Benchmark Metals Inc. (TSXV: BNCH)'s stock jumped at the open after the company released additional assay results from its Lawyer's gold and silver project. Investor reaction to these results was felt early, pushing Benchmark shares up over 10% for a market capitalization of over $8 million.The Lawyer's project is located in the Toodoggone Mineral District, on the eastern extent of the Stikine Ter...Read More
Benchmark Metals Inc. (TSXV: BNCH)'s stock jumped at the open after the company released additional assay results from its Lawyer's gold and silver project. Investor reaction to these results was felt early, pushing Benchmark shares up over 10% for a market capitalization of over $8 million.The Lawyer's project is located in the Toodoggone Mineral District, on the eastern extent of the Stikine Ter...Read More
Azerbaijan's leading gold mining company, Anglo Asian Mining, said on Wednesday its gold output rose five percent in the first quarter of 2019 to 17,245 ounces.London-listed Anglo Asian produces gold at Gedabek and other Azeri mines in a joint venture with the Azeri state in which the company holds 51 percent.The company said its total production of gold-equivalent ounces (GEO), which includes oth...Read More
The CPI rose more than expected last monthDow Jones Industrial Average (DJI) futures are trading modestly above fair value ahead of a busy day on Wall Street. Inflation data has already been released, with the consumer price index (CPI) rising 0.4% in March -- the biggest jump since January 2018.Congressional testimony from several big bank bosses, including JPMorgan Chase (JPM) CEO Jamie Dimon an...Read More
Carube Copper (TSXV: CUC) announced this week that it acquired a 100% interest in 300 mineral claims covering the Stewart Brook gold project area in Guysborough County, Nova Scotia.The claims were acquired through staking directly from the government, cover 46 square kilometers and are located along strike of Atlantic Gold's Cochrane Hill deposit. Three historical gold districts are within 5 kilom...Read More
Carube Copper (TSXV: CUC) announced this week that it acquired a 100% interest in 300 mineral claims covering the Stewart Brook gold project area in Guysborough County, Nova Scotia.The claims were acquired through staking directly from the government, cover 46 square kilometers and are located along strike of Atlantic Gold's Cochrane Hill deposit. Three historical gold districts are within 5 kilom...Read More
(Updates with closing prices)By Peter HobsonLONDON, April 10 (Reuters) - Zinc touched a two-week low onWednesday on concerns that Chinese smelters will ramp up output,but prices were supported by a shortage of immediately availablematerial on the London Metal Exchange (LME).Benchmark zinc on the LME closed 0.4 percent up at$2,873 a tonne after slipping to $2,842, its lowest since March26.Deficits...Read More
It is the perceived value of the gold that drives its price.There is a "finite" amount of gold available at any given point in time.With a relatively static supply and growing demand, what are the main factors that drive the price of gold?By Scott Bauer At a Glance With more than 3,000 metric tons mined in 2018, gold prices are still moved by supply. How much depends on several other fac...Read More
Gold _ Silver Spot Gold shorts at 1301/03 stopped above 1305 to target 1308/09 then minor resistance at 1312/13. A break above 1314 is a buy signal initially targeting 1319/20.Good support at 1303/01 but below 1299 risks a slide to minor support at 1294/92. Important support at 1284/82. Longs need stops below 1279. Silver topped exactly at our selling opportunity at 1532/35 with stops above 1540....Read More
Ecuador-focused miner SolGold (LON, TSX:SOLG) said drilling at its Cascabel copper-gold project in the country's north has revealed previously unknown mineralization, further increasing the size of one of the biggest copper discoveries of recent years.Together with the high-grade find, over 1.5% copper equivalent, the company has also detected mineralization within the inferred resource area at t...Read More
Published 23 Hours AgoUpdated6 Hours AgoReuters Mariya Gordeyeva | ReutersGold hit a near two-week high on Wednesday, supported by softer U.S. economic data and as the European Central Bank reinforced an accommodative monetary policy, with focus turning to the minutes from the U.S. Federal Reserve's March meeting.Spot gold was up 0.2 percent at $1,306.88 an ounce, its highest since March 28. U.S....Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average tumbled on fears of a U.S.-EU trade war and the IMF's prediction of continued slowing global economic growth. Apple (AAPL - Get Report) climbed after analysts at Wedbush raised the tech giant's price target to $225 from $215 and maintained their outperform rating on the stock. Walt Disney (DIS - Get...Read More
The Tuesday Market Minute Global stocks mixed as investors brace for a host of event risks later this week, including a key ECB meeting tomorrow in Frankfurt, Fed minutes from Washington and an EU leader's summit in Brussels.The IMF will issue its World Economic Update later today in Washington, with analysts expecting notable downgrades for global growth amid uncertainty on trade and rising geo...Read More
By: Jordan Roy-ByrneThere are more than a handful of things I can cite as leading indicators for the Gold price.Ratios such as Gold against the stock market and Gold against foreign currencies are generally good leading indicators. The gold stocks and Silver can function as leading indicators at times.Yhe yield curve and bonds can also be leading indicators.But there is one thing I've never ment...Read More
By: Richard (Rick) Mills Gold is often criticized by Wall Street as being kind of a useless investment. Institutional investors tend to prefer investments that are thought to contain the potential for growth, growth = sprouts. An investment has to produce a growing revenue stream - if it doesn't grow it doesn't compound. Gold is rejected as an investment because it doesn't produce sprouts, m...Read More