Freeport-McMoRan Inc plans no dividend hikes, acquisitions or debt buybacks over the next two years as it focuses on expanding Indonesia's Grasberg copper and gold mine underground, its chief executive told Reuters on Tuesday.The strategy underscores Freeport's desire to keep Grasberg, one of the world's largest mines, the crown jewel of its operations even amid the complex task of excavating the...Read More
The company cut its Q1 guidance due to 737 MAX 8 cancellationsAirline stocks remain in focus this week, with American Airlines Group Inc (NASDAQ:AAL) the latest of the sector moving lower. Down 3.3% at $32.77, at last check, AAL is suffering after the company slashed its first-quarter revenue outlook, due to cancellations stemming from Boeing's (BA) 737 MAX 8 problems. American Airlines employs 24...Read More
Analysts are overwhelmingly bullish on the nameGeron Corporation (NASDAQ:GERN) stock is red-hot today, after Needham upgraded the cancer specialist to "buy" from "hold, and assigned a $3 price target -- a 63% premium to last night's close. The brokerage firm said the "negative optics of a big pharma passing on imetelstat" creates a buying opportunity for the penny stock. This comes after Johnson &...Read More
Meanwhile, another analyst sees Instagram as a huge growth driver for FacebookMore analysts are weighing in bullishly on Walt Disney Co (NYSE:DIS) because of its push into streaming. Cowen this morning upgraded DIS stock to "outperform" from "market perform" and boosted its price target to $131 from $102, expecting a stronger-than-expected launch for the company's direct-to-consumer Disney+ stream...Read More
PHAS has more than quadrupled in 2019Near the bottom of the Nasdaq this morning is Zogenix, Inc. (NASDAQ:ZGNX), down 24.8% to trade at $38.97, after the Food and Drug Administration (FDA) refused to review the drugmaker's marketing application for its seizure medicine. Guggenheimresponded by downgrading the stock to "neutral" from "buy" while slashing its price target to $40 from $70. Three other...Read More
Markets Brexit USD and Gold Oil Flat session expected as investors eye bigger events later in the week It’s shaping up to be another flat session on Tuesday, with European stocks a mixed bag and US futures showing little directional bias. The week is heavily loaded towards the backend, which is largely the reason why we’re seeing this kind of fence sitting from investors. Tom...Read More
PT Amman Mineral Nusa Tenggara, which owns the second-largest copper and gold mine in Indonesia, is weighing an initial public offering that could raise as much as $600 million, according to people familiar with the matter.The company is working with advisers to list in Jakarta as early as the fourth quarter, said the people, asking not to be named as the information is private. The firm also owns...Read More
PerkinElmer just landed on Goldman Sachs' conviction list The shares of diagnostics specialist PerkinElmer, Inc. (NYSE:PKI) are headed for their third day in the black, after landing on Goldman Sachs' conviction list earlier today. The brokerage firm also upgraded PKI to "buy" from "neutral," and lifted its price target to $115 from $92. Evercore ISI chimed in, too -- hiking its price target to $9...Read More
With President Donald Trump's apparent plans to nominate Stephen Moore and Herman Cain to the Federal Reserve Board, attention has turned once again to the gold standard, a policy option once advocated by both men. Trump himself has expressed admiration for the gold standard.To be clear: I don't at all favor a gold standard. Still, it is worth thinking about why anyone might ever have favored a go...Read More
The U.S. is threatening to put tariffs on $11 billion of EU productsStocks are poised for a lower open, with traders on edge after the U.S. threatened to take action against the European Union (EU) in response to its subsidies for Airbus. In a tweet this morning, President Donald Trump said the World Trade Organization found the subsidies "adversely impacted the United States, which will now put T...Read More
Is it time to prepare for the next financial crisis? #1 Gold Stock for 2019! Click HERE to get the full story! Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr...Read More
The gold/commodity ratio and the T-Bond price move in the same direction most of the time.A significant divergence has developed over the past three months, and such divergences are usually important.The recent performance of the g/c ratio is a reason to be intermediate-term bearish on the T-Bond.Editor's note: Originally published at tsi-blog.com on April 9, 2019. [In a blog post last October, I...Read More
The online retail giant is trading near a $900 billion market capShares of Amazon.com, Inc. (NASDAQ:AMZN) last Friday set a new year-to-date high of $1,838.58, as the mega-retailer capitalized on a pair of well-received media reports. First, traders priced in relief after learning that CEO Jeff Bezos would retain 75% of his stock in the company under the terms of his divorce, while maintaining sol...Read More
Greenstone Gold Mines, a 50/50 joint venture between Canadian miners Centerra Gold (TSX:CG) and Premier Gold (TSX:PG), has kicked off a core and reverse circulation drilling program at its Hardrock project in southern Ontario.The company, which received the province's final approval for the proposed gold mine last month, aims to develop an open pit operation that could be in production for almost...Read More
* Dollar dips to lowest in more than a week * China, Turkey raise gold holdings * SPDR gold holdings drop for 6th straight session * Platinum hovers below 10-month peak hit on Monday (Updates prices)By Sumita LayekApril 9 (Reuters) - Gold rose on Tuesday to its highest inmore than a week, supported by a retreating dollar and increasedbuying by central banks.Spot gold was up 0.6 percent at $1,304.3...Read More
* STOXX 600 slides from eight-month high hit earlier onTuesday * Airbus and its suppliers fall on threat of U.S. tariffs * Tech stocks slide, SAP hit by HSBC, UBS rating downgrades (Updates to close)By Aaron SaldanhaApril 9 (Reuters) - European shares slid on Tuesday, withmost sectors falling after the United States threatened to slaptariffs on goods from the European Union, with worriescompounded...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
Total gold holdings in ETFs grew marginally in March, resuming an upward trend that started last fall.Total holdings of the yellow metal globally rose 3 tons, with increases seen in every region, according to the most recent data released by the World Gold Council.ETFs worldwide currently hold 2,483 tons of gold valued at approximately $103 billion.By SchiffGold Total gold holdings in ETFs grew ma...Read More
Published 23 Hours AgoUpdated7 Hours AgoReuters Edgar Su | ReutersGold rose to its highest in more than a week on Tuesday as the dollar and equities weakened after the International Monetary Fund cut its global economic growth forecasts for the year, with increased buying by central banks lending further support.Spot gold rose 0.5 percent to $1,303.98 per ounce, having hit its highest since March...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell Monday, pulled lower by Boeing (BA - Get Report) after the aerospace giant was downgraded and said it would slow production of its troubled 737 MAX aircraft following two fatal accidents. General Electric (GE - Get Report) tumbled after the stock was downgraded by JPMorgan to underweight...Read More