Gold futures settled back above $1,300 an ounce on Monday for the first time in over a week, as a slump in the dollar helped the haven metal to rebound from a loss last week, and investors turned cautious ahead of the launch of a new earnings season for American corporations. "Naturally, a weaker U.S. dollar index is a tailwind for gold," said Michael Armbruster, managing partner at Altavest. The...Read More
Gold futures settled back above $1,300 an ounce on Monday for the first time in over a week, as a slump in the dollar helped the haven metal to rebound from a loss last week, and investors turned cautious ahead of the launch of a new earnings season for American corporations. "Naturally, a weaker U.S. dollar index is a tailwind for gold," said Michael Armbruster, managing partner at Altavest. The...Read More
Bilibili stock has moved higher from its IPO price of $11.50Chinese video concern Bilibili Inc (NASDAQ:BILI) is down 0.06% at $18.01 in today's trading, the shares still struggling to maintain positive territory following last Thursday's pullback near the round $17 level. However, during this same time frame, BILI moved to within one standard deviation of a key trendline -- one which also holds h...Read More
Call buying has been popular on AAXNAxon Enterprise Inc (NASDAQ:AAXN) is trading 4.7% higher at $60.46, after Raymond James upgraded the stock to "strong buy" from "outperform," expecting strong sales growth over the next three years. In fact, the brokerage firm believes AAXN stock could rise to $100 in 2021, and that the company's new line of products could double subscriber growth by 2022. As su...Read More
Three stocks could help investors double their money in 2019.2019 could be a game-changer for investors... Especially those looking to potentially double their money.Those investors now have a simple blueprint to follow for success.Simply put, these three stocks could be the best way to make money in 2019 -- whether the markets are flying high, or sinking like a ship.This free Investor's Report re...Read More
The shares are pacing for their best day since NovemberThe shares of CBD-infused drink maker New Age Beverages Corp (NASDAQ:NBEV) are in rally mode today, after the company inked its first national distribution agreement. Specifically, New Age's Marley Mate brand ofdrinks will soon hit Walmart (WMT) shelves. Against this backdrop, NBEV stock is up 18.7% at $5.67, and options traders are swarming.N...Read More
The next financial bubble burst could be so massive, it even takes out gold. One economist is making a very bold prediction.This man says that the colossal financial bubble that exists in today's economy is stretching closer and closer to its breaking point.And when it does pop -- soon, very soon -- it's not only going to take out the entire stock market... it'll absolutely crush other assets too....Read More
One may say that not much has happened last week in case of gold and silver, but it's impossible to describe the action in mining stocks in the same way. Miners started the previous week with a slide only to come back with vengeance before the week was over, changing the short-term picture for the entire sector. The weekly price changes show little changes as long as you only have a quick glan...Read More
Gold is historically the best way to protect your wealth, and it is better to think of gold in that capacity rather than as an investment.Gold prices have been essentially flat for five years, in stark contrast to just about everything else.Central banks around the world are ramping up their purchases of gold, creating pressure on the demand side.PHYS is fully convertible to physical gold and has...Read More
ROKU options are attractively priced at the moment, tooRoku Inc (NASDAQ:ROKU) stock is down 6.2% to trade at $59.81 today, after Citigroup downgraded the streaming name to "sell" from "neutral" on competition concerns. The stock is fresh off its second weekly loss of 2019, and has now racked up four downgrades in the past month. Despite the recent struggles, ROKU call options have been flying off...Read More
BA was downgraded after slashing 737 productionThe Dow Jones Industrial Average (DJI) has continued its journey south this afternoon, down over 120 points, pushed lower by a steep decline from Boeing (BA). In addition, traders are digesting a drop in February factory orders, and are exercising caution ahead of the start of earnings season, with big banksWells Fargo (WFC) and JPMorgan Chase (JPM)...Read More
One may say that not much has happened last week in case of gold and silver, but it's impossible to describe the action in mining stocks in the same way. Miners started the previous week with a slide only to come back with vengeance before the week was over, changing the short-term picture for the entire sector. The weekly price changes show little changes as long as you only have a quick glance a...Read More
Pure Gold Mining is down over 35% from last year's highs.The company released a Feasibility Study in Q4, but this was met by selling pressure from the market.The stock will need to put in a weekly close above $0.64 CAD to start a new uptrend.In Q4 2018, while many mining stocks were beginning to try and form bottoming patterns, Pure Gold Mining (OTCPK:LRTNF) was one of the first names to turn...Read More
The stock has added more than 50% since its late-December lowShares of Micron Technology, Inc. (NASDAQ:MU) are moving lower, last seen down 0.8% at $42.98, after Cowen and Company downgraded the stock to "market perform" from "outperform," and trimmed its price target to $45 from $46. Cowen said it expects Micron's profitability to decline in 2020, and predicted margin pressure for the rest of 2...Read More
Cordoba Minerals (TSXV: CDB) is planning a 1,000 metre drill program at its Alacran copper-gold deposit, part of its San Matias copper-gold project in Colombia. Based on its results, the company may double the drill program.The miner will initially drill a single, 700 metre hole about 300 metres west of the Alacran targeting a potential copper-gold porphyry beneath the known deposit. It will then...Read More
SNAP has nearly tripled since its late-December bottomShares of Snap Inc (NYSE:SNAP) are up 4.4% to trade at $12.36 this morning, after RBC upgraded the Snapchat parent to "outperform" from "sector perform," while boosting its price target to $17 from $10. The analyst in coverage praised the company's product differentiation and consistency on iOS app rankings. The lofty price target -- territo...Read More
The company announced preliminary sales of its biosimilarThe drug maker Coherus BioSciences Inc (NASDAQ:CHRS) is near the top of the Nasdaq today, after the company announced late Friday that preliminary sales of its biosimilar UDENYCA -- used in patients receiving myelosuppressive chemotherapy -- are expected to be between $36 million and $38 million. In response, CHRS stock is up 13.5% at $16.61...Read More
An analyst at J.P. Morgan Securities set a $5 price target on GEThe shares of General Electric Company (NYSE:GE) had been hovering just above the $10 mark for almost a month, hinting at a potential layer of round-number support. However, a bearish brokerage note came out this morning and now has GE stock down 5.3% at $9.48, which would have it closing below the 50-day moving average for the first...Read More
BofA-Merrill Lynch cut its rating on BA stockBoeing Co (NYSE:BA) stock is down 4.4% at $379.26, after the aerospace giant slashed production of its 737 MAX 8 aircraft following a global grounding in reaction to a pair of deadly crashes. Specifically, BA said it will reduce output by almost 20% to 42 units per month from 52 units per month beginning in mid-April.A round of negative analyst notes is...Read More
First-quarter earnings season kicks off this weekDow Jones Industrial Average (DJI) futures are trading below fair value, as caution sets in ahead of first-quarter earnings season. Boeing (BA) could also be a big drag on the blue-chip index today, with the newly downgraded Dow stock off 4.1% in electronic trading on news the company has slashed production of its grounded 737 MAX 8 aircraft. Agains...Read More