MO has been strong for most of 2019 Tobacco name Altria Group Inc (NYSE:MO) has been in hot water this week as it manages the fallout over a troubling warning from the Food and Drug Administration (FDA). Yesterday, the FDA reported a potential link between e-cigarettes and an increased risk of seizures for some users. Today Jefferies chimed in, noting that, while somewhat unlikely, the FDA inve...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
Guggenheim has been busy boosting price targets this morningGuggenheim chimed in on several FAANG stocks this morning, lifting its price targets for Nasdaq heavyweights Alphabet Inc (NASDAQ:GOOGL), Facebook, Inc. (NASDAQ:FB), and Netflix, Inc. (NASDAQ:NFLX). Here's a closer look at those bull notes, and how the shares of GOOGL, FB, and NFLX are reacting.Guggenheim Targets Major Upside for Alphabet...Read More
Analysts see fresh highs ahead for ETSY and TWTR sharesThe rise in the share price for Etsy Inc (NASDAQ:ETSY) has been met with a number of bullish analyst notes over the past year, and this morning the stock attracted a new "buy" rating from Canaccord Genuity. The brokerage firm also set an $85 price target for ETSY, writing that there's a large under-penetrated market the company can take advant...Read More
An incident at Freeport-McMoran's Grasberg mine in Indonesia injured two workers on Wednesday while two other missing, a company spokesman said on Thursday.The injured workers have been hospitalised while rescue team continues to search for the missing. Mining operation is running normally despite the incident, spokesman Riza Pratama said.According to Bambang Gatot Ariyono, Indonesia's director ge...Read More
Gold is positioned to becomea likely prime destination for safety inthe second quarter of 2019 amid deteriorating global macroeconomic conditions and rising geopolitical risks. The yellow metal swerved back and forth in Q1, gaining roughly 0.86% due to conflicting fundamental themes. But with the narrative around slowing global growth dampening appetite for risk and the Federal Reserve solidifying...Read More
A mix of political populism, higher commodity prices and the expectation electrification will spur demand for some raw materials has led resource-holding governments to change the rules for miners operating in their countries.In most cases, governments are seeking to increase their share of profits, rather than all-out resource nationalism, although Mongolia has been trying to nationalise a stake...Read More
POTUS is slated to meet with Chinese Vice Premier Liu He laterStock futures are choppy this morning, as traders eye U.S.-China trade negotiations. Ahead of today's meeting with Chinese Vice Premier Liu He, U.S. President Donald Trump tweeted negotiations with Beijing are "moving along nicely." However, a Wall Street Journal report hinted at several remaining hurdles, including Washington's request...Read More
The US dollar traded weaker on the day on Wednesday. The ADP payrolls report was disappointing, with the private sector showing a potential slowdown in the labor market. The ISM's non-manufacturing PMI was also lower, rising to 56.1 and missing estimates of 58.1. The March data was weaker compared to February's headline print of 59.7. Euro Rebounds as Retail Sales Rise The common cu...Read More
Australia's largest gold producer, Newcrest Mining (ASX: NCM), has committed to sole fund all of the 2019 exploration programs with junior Encounter Resources (ASX: ENR), covering the highly sought after gold regions of Tanami and West Arunta in Western Australia.Newcrest, which has five joint ventures (JVs) with Encounter in the area, covering a total of 5,900 km2, will have the right to increase...Read More
Australia's largest gold producer, Newcrest Mining (ASX: NCM), has committed to sole fund all of the 2019 exploration programs with junior Encounter Resources (ASX: ENR), covering the highly sought after gold regions of Tanami and West Arunta in Western Australia.Newcrest, which has five joint ventures (JVs) with Encounter in the area, covering a total of 5,900 km2, will have the right to increase...Read More
ISTANBUL, April 4 (Reuters) - Foreign investors sold $601.5million worth of Turkish stocks and $735.8 million of governmentbonds in the week to March 29, when a lira liquidity squeeze inLondon swap markets forced them to quit Turkish assets, centralbank data showed on Thursday.Last week, the Turkish lira overnight swap rate rocketed to as much as 1,200 percent as thecurrency came under pressure in...Read More
* U.S. weekly jobless claims lowest since 1969 * Platinum hits highest since mid-June* SPDR gold holdings hit lowest since Dec. 17(Updates prices, adds comments and details)By Sumita LayekApril 4 (Reuters) - Gold prices dipped to a four-week low onThursday as the dollar firmed after robust weekly jobless datafrom the United States while investors awaited clarity on theprogress of U.S.-China trade...Read More
Premier Gold Mines (TSX:PG) announced this week that it entered into an agreement with Americas Silver Corporation to acquire an option to purchase a 100% interest in the San Felipe property in Mexico.To move forward with the deal, Premier has to pay $7 million on closing and make additional payments of $1.9 million upon the making of a positive construction decision and then upon achieving commer...Read More
(Updates with closing prices)By Peter HobsonLONDON, April 4 (Reuters) - Copper prices fell on Thursdayas weak German factory data underlined concerns about theoutlook for demand and a big inflow of metal into London MetalExchange (LME) warehouses suggested supply was adequate.Other industrial metals also slipped despite positivesignals from U.S.-China trade talks. Benchmark copper on the LME close...Read More
A free tool can help traders bank big during the upcoming earnings season. Too many investors let their portfolios slip during the busy holiday season, but this is a huge mistake... especially with the market moving events just around the corner!With the crazy market action investors have been seeing lately, right now is the time to prepare to bank big wins.It's important for investors to positio...Read More
Published 23 Hours AgoUpdated7 Hours AgoReuters Getty ImagesGold eased on Thursday, touching a near ten-week low earlier in the session and pressured by a firm dollar on the back of gold-positive U.S. jobs data, while investors awaited clarity on the U.S.-China trade talks.Spot gold was down 0.2 percent at $1,287.56 an ounce, having earlier touched its lowest since Jan. 25 at $1,280.59. U.S. gold...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed up, boosted by a report that U.S. and China have resolved most of their trade agreement issues. Advanced Micro Devices (AMD - Get Report) and Micron Technology (MU - Get Report) rose following a report that Taiwan Semiconductor Manufacturing (TSM - Get Report) would boost its...Read More
The Wednesday Market Minute Global stocks hit a six-month high as stronger China data, as well a potential Brexit breakthrough, boosts investor sentiment.U.K. Prime Minister Theresa May will ask for a second Brexit extension as she vows to reach across the aisle to cut a non-partisan agreement that would avoid a damaging no deal Brexit for the world's fifth largest economy.Brent crude prices tes...Read More
James Hyerczyk21 hours ago (Apr 03, 2019 4:16 AM GMT)Gold is trading higher on Wednesday after forming a potentially bullish technical closing price reversal bottom the previous session. Buyers also successfully defended an attempt to break through the low of the year at $1287.50 after the market closed lower for the year on Monday.Helping to boost demand for the dollar-denominated asset is a weak...Read More