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
BBBY shares are slumping after the retailer reported earningsThe shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) are slumping this morning, after the home furnishings retailer reported a wider-than-anticipated 1.4% drop in same-store sales for the fiscal fourth quarter. BBBY also said current-quarter per-share profit will arrive between 7 cents and 12 cents, well below the consensus 29 cents per sh...Read More
APOG stock is on the short-sale restricted list todayShares of glass maker Apogee Enterprises Inc (NASDAQ:APOG) are struggling on the charts, after the company reported fourth-quarter earnings and revenue that fell below analysts' expectations. The company said harsh winter weather disrupting some manufacturing locations was a factor in slowing business, and Apogee issued full-year earnings below...Read More
Growing sovereign support will keep gold price buoyant in 2019.Short-term, gold is on the cusp of another confirmed breakout.Gold stocks, however, are still in a position of relative weakness.The rise of official institutional involvement in the gold market, mainly in the form of central bank demand, will be one of the key factors behind gold's continued recovery in 2019. That assessment is now sh...Read More
Precious metals miner Fresnillo reported a fall in first-quarter production on Thursday, calling it "slightly weaker than anticipated" but sticking to output targets for the year as spending on tackling operational issues paid off.Silver output slipped 14.8 percent to 13.1 million ounces in the three months ended March 31, mainly due to lower grades of ore and lower ore throughput, Fresnillo said....Read More
The drug stock is ripe for a short squeeze, tooThe shares of Viking Therapeutics Inc (NASDAQ:VKTX) are up 7.5% to trade at $10.89 this morning after the pharma company's non-alcoholic fatty liver disease (NASH) drug met the main goals for its mid-stage study. On the charts, the stock has been churning below the $9.50 level for most of 2019. The shares gapped higher in late March after an ambitio...Read More
The March PPI was released earlierDow Jones Industrial Average (DJI) futures are struggling for direction this morning, with traders taking a cautious stance before the start of first-quarter earnings season, which unofficially kicks off tomorrow with an onslaught of big bank earnings. At last check, the blue-chip index was signaling a modestly higher open, after the Wall Street Journal indicated...Read More
Shareholders in US gold giant Newmont Mining (NYSE:NEM) have almost unanimously approved the miner's proposed $10B takeover of Canada's Goldcorp (TSX:G) (NYSE:GG), a deal that creates the world's largest gold producer by market value, output and reserves, robbing Barrick of its recently cemented supremacy.Almost 98% of the votes were in favour of the transaction, which was first announced in Ja...Read More
* Dollar index rises on positive U.S. data * Lead hits three-month low * GRAPHIC-2019 asset returns: (Adds closing prices)By Eric OnstadLONDON, April 11 (Reuters) - Copper fell on Thursday on astronger dollar and worries about a global slowdown while leadtouched its lowest in more than three months on concern thatweak auto sales would dampen demand for car batteries.The decline in copper came afte...Read More
Gold bounces with the June contract back over $1300 per ounce.Technical metrics tell us the correction could be over.Official sector buying continues to underpin the gold market - a move in Italy that could start a trend.Uncertainty in the world supports a higher price for gold.UGLD for an aggressive approach to the gold market.In mid-February, the price of nearby COMEX gold futures moved to a hig...Read More