AFP/Getty Images Gold futures settled at their highest in nearly two weeks on Tuesday, logging a second straight finish above $1,300, as weakness in the U.S. dollar and concerns over global growth provided a runway higher for the precious metal. Gold for June delivery GCM9, -0.08% on Comex rose $6.40, or 0.5%, to settle at $1,308.30 an ounce, after closing up 0.5% on Monday. The settlement was th...Read More
AFP/Getty Images Gold futures settled at their highest in nearly two weeks on Tuesday, logging a second straight finish above $1,300, as weakness in the U.S. dollar and concerns over global growth provided a runway higher for the precious metal. Gold for June delivery GCM9, -0.16% on Comex rose $6.40, or 0.5%, to settle at $1,308.30 an ounce, after closing up 0.5% on Monday. The settlement was th...Read More
DAL has had a volatile run on the chartsOne of the handful of airliners in focus this week is Delta Air Lines, Inc. (NYSE:DAL). Slated to reported first-quarter earnings before the market opens tomorrow, April 10, the airline giant is one of the many suffering on the back of Boeing's (BA) production halt. Below we will dive into what the options market is pricing in for the shares' post-earnings...Read More
Speculators may be liquidating positions on one sinking steel stockThe U.S. stock market is selling off today, with Wall Street spooked by escalating trade tensions between the U.S. and the European Union (EU). Among individual names making notable moves are 3D imaging specialist FARO Technologies, Inc. (NASDAQ:FARO), automation systems name HollySys Automation Technologies Ltd (NASDAQ:HOLI), and...Read More
NBEV was overbought heading into todayFresh off its best day of 2019 thanks to a big Walmart partnership, New Age Beverages Corp (NASDAQ:NBEV) stock has been unable to extend those gains today, down 9.6% to trade at $5.96, at last check. Although the catalyst for the pullback is unknown, options traders are swarming for the second straight day.More specifically, 50,000 NBEV options have changed...Read More
The exploration team of Great Bear Resources has won the Bernie Schnieders Discovery of the Year Award for finding high grade gold zones at its Dixie property near Red Lake, Ontario, Canada.The company recently drilled its Dixie Hinge zone, intersecting 30.15 g/t gold over 7.3 metres, 130.49 g/t over 1.5 metres, 11.72 g/t over 4.0 metres and 50.72 g/t over 0.5 metre in a single hole.The award was...Read More
The drink stock tends to outperform in the April-July periodBeverage giant PepsiCo, Inc. (NASDAQ:PEP) touched a record high of $123.19 on March 27, barreling through former resistance in the $120-$122 neighborhood. Since then, that area - also home to a 10% year-to-date gain -- has switched roles to provide support, and PEP's recent pullback from all-time peaks presents an opportunity to get in on...Read More
US labor market strengthened again and the yield curve inversion looks to be over. Has the sky cleared? Hold on, Brexit is just around the corner. Given the circumstances, are gold prices more likely to rise or fall? America Creates almost 200,000 new jobs in March US economy added 196,000 jobs last month, following a disappointing rise of 33,000 in February (after an upward revision). The number...Read More
Boeing continues to be the worst Dow stockThe Dow Jones Industrial Average (DJI) is down triple digits, as Boeing's (BA) 737 MAX jet troubles continue. Elsewhere, tariff threats between the European Union (EU) and the U.S. are keeping traders on the sideline, as is another downwardly revised global growth forecast from the International Monetary Fund (IMF). Against this backdrop, the S&P 500 I...Read More
Options traders are betting on more upside for the sharesThe shares of Apple Inc. (NASDAQ:AAPL) are higher yet again today, with help from a price-target boost to $225 from $215 at Wedbush. The stock is now pacing for a 10th consecutive day in the black, and its second straight close above $200 -- a feat not accomplished since November. The last time the FAANG stock closed lower was on March 26 --...Read More
China's central bank demand for gold supports bullish interim trend.Only the strong dollar stands in the way of a spring gold rally.Gold stock internal momentum could use some major improvement.Increased gold demand from China is making an upside breakout in the gold price later this spring a very real possibility. That's the conclusion from the revelation this week that China's central bank h...Read More
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