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
* Greek official says deal to repay IMF loans imminent * Greek 10-year yields hit new 13-year low on Monday * Improving mood keeps Bund yields at three-week high * Euro zone periphery govt bond yields (Updates pricing, adds chart)By Abhinav RamnarayanLONDON, April 15 (Reuters) - Greek government bond yieldswere closing in on record lows on Monday after an official saida deal to repay International...Read More
Large speculators have an extreme net short position as the VIX tests 2018's floor"It's hedge funds, who have stubbornly refused to embrace stocks even as global equities added $10 trillion in value over the last three months. At the end of March, their net exposure as measured by the ratio of bullish bets to bearish ones stood near the lowest level in more than a year, client data compiled by JPM...Read More
Canada's Lundin Mining (TSX:LUN) has agreed to acquire a copper-gold operation in Brazil from fellow miner Yamana Gold (NYSE: AUY), (TSE: YRI) in a $1 billion-deal as it looks to beef up its base metals portfolio.The Chapada mine, in the northwest Brazilian state of Goi??s, began production in 2007 and is expected to churn out about 54,500 tonnes of copper and 100,000 ounces of gold this year.The...Read More
Gold giant Newmont Mining's (NYSE:NEM) $10 billion acquisition of Canada's Goldcorp (TSX:G) is expected to close this week as the deal has received Investment Canada Act approval.Last week, almost 98%of Newmont's shareholders approved the deal, which creates the world's largest gold producer by market value, output and reserves, and robs Barrick of its recently cemented supremacy. Earlier this mo...Read More
* Gold may revisit April 4 low of $1,280.59 -analyst * Silver hits 3-1/2-month lows * Asian shares near nine-month high (Updates prices)By Sethuraman N RApril 15 (Reuters) - Gold prices fell on Monday to a morethan one-week low as progress in U.S.-China trade talks liftedrisk sentiment, taking the sheen off safe-haven bullion even asthe dollar weakened.Spot gold dipped 0.5 percent to $1,283.65 per...Read More
* Focus on credit and liquidity in China * Zinc stocks at historical low (Updates with closing prices)By Pratima DesaiLONDON, April 15 (Reuters) - Copper prices steadied onMonday, reinforced by a lower dollar and healthy economicnumbers from China ahead of a barrage of growth data later thisweek from the top consumer.Benchmark copper on the London Metal Exchange endedlittle changed at $6,480 a ton...Read More
REVIEW AND PREVIEW Basel III Capital Adequacy Ratio Minimum Requirement. ... As of 2017, under Basel III, a bank's tier 1 and tier 2 capital must be at least 8% of its risk-weighted assets. The minimum capital adequacy ratio (including the capital conservation buffer) is 10.5%. https://www.investopedia.com/ March 24, 2019. World stock markets performed unevenly last week, but certainly within...Read More
* FTSE 100 ends flat; FTSE 250 up 0.5 pct * Miners, oil stocks biggest drags * IWG jumps on sale of Japan business, CS rating hike * Indivior surges on hopes of a lower U.S. fine(Adds company news items, updates to closing prices)By Muvija MApril 15 (Reuters) - Britain's FTSE 100 was at a loss fordirection on Monday as a dip in miners and oil majors offsetgains in bank stocks, while office group I...Read More
* First greenfield aluminium mill in U.S. for 37 years * Rusal looks to invest $200 million in the mill * To supply 2.0 mln T of low-carbon aluminium over 10 years (Releads, adds detail throughout)By Polina DevittMOSCOW, April 15 (Reuters) - Rusal is making itsfirst investment in the United States since Washington liftedsanctions against the Russian aluminium giant, teaming up withU.S. manufacture...Read More