The $20 mark has been a placeholder for WW shares since FebruaryOprah-endorsed WW International, Inc. (NASDAQ:WTW) is moving higher in afternoon trading, last seen up 1.3% at $20.82. WW stock has been on a long-term downtrend since touching its June 20 record high of $105.73. The weight-loss program has had no fewer than three bear gaps in that time, and since late February has been stagnant. Furt...Read More
The stock is trading back above its IPO priceRide-share concern and Wall Street freshman LYFT Inc (NASDAQ:LYFT) is in the spotlight again today, after Citron Research offered "5 reasons not to be short Lyft," arguing that "this is not a trendy video game" and ride-sharing is a "megatrend." Against this backdrop, LYFT stock is up 3.5% to trade at $74.51, set for its best session since going public...Read More
The Dow, S&P, and Nasdaq are headed toward weekly winsStocks kicked off April, and spring for that matter, with solid gains this week. Fresh off a strong first quarter, the Dow, S&P 500, and Nasdaq are all about to snag weekly wins of 1.5% or more, thanks in part to renewed U.S.-China trade talk optimism and a strong March jobs report. This week also marked the first time all three benchmarks have...Read More
Palladium has lost some of its luster of late. Prices of the highflying metal have been falling in recent trade - though they turned higher Friday - meeting resistance after reaching the latest in a string of record highs in late March as part of a rally that took the metal above the price of gold for the first time in 16 years. However, proponents of the metal, used widely in pollution-controlli...Read More
Source: Michael J. Ballanger for Streetwise Reports 04/03/2019Michael Ballanger discusses recent movements in the stock and precious metals markets.Many years ago, while attending university in Saint Louis, Missouri, I had just returned from a Florida Spring Break and had decided to have a few adult beverages with a couple of my hockey teammates to celebrate April Fools' Day, so off we went to...Read More
Private capital tracker Preqin says in an report, that contrary to expectations, 2018 was another bumper year for the industry, particularly for natural resources investments.Fundraising by unlisted funds for investment in natural resources - oil and gas, timberland, farmland, water and mines - set a fresh record in 2018, totalling $93 billion, and is likely to top $100 billion as more data become...Read More
Mayday, mayday, we are sinking! The global economy is slowing down. How serious is the current slump? We invite you to read our today’s article about the true condition of the world’s economy and find out what are its likely implications for the precious metals market. Will Global Slowdown Support Gold, or Is It Just Temporary? Economists and market analysts often make volte-face. We r...Read More
Fortuna Silver Mines (TSX: FVI; NYSE: FSM) reported a jump in resource tonnes and ounces exclusive of reserves at its Lindero gold project in Argentina and estimates the project will produce between 145,000 and 160,000 ounces of gold in its first year of commercial production.The company reported measured and indicated resources for Lindero of 18.9 million tonnes (a 51% increase over earlier esti...Read More
Today's payrolls data helped calm trader anxiety over the economyThe Dow Jones Industrial Average (DJI) is headed for anotherday of gains, after the Marchjobs report helped to quell investor anxiety over the health of the economy. All eyes are still on U.S.-China trade talks, too, with President Donald Trump saying "we'll know over the next four weeks" if the two countries can reach a consensus....Read More
First Quantum Minerals (TSX: FM) has exited an earn-in agreement with Japan Gold (TSXV: JG; US-OTC: JGLDF) after completing an initial surface evaluation on its Eboshi, Kobui, Minamikayabe and Kamitsue lithocap projects in Japan.After completing mapping and soil and rock sampling, First Quantum decided the four projects did not meet its criteria. Japan Gold says it believes that three of the pr...Read More
The company reported disappointing fourth-quarter earnings and full-year guidance The shares of workwear concern Duluth Holdings Inc (NASDAQ:DLTH) are sinking today after an abysmal fourth-quarter earning report. The company blamed the results that fell short of analysts' expectations on softening shipping and handling revenue, along with growing freight costs. The apparel name also lowered its 20...Read More
The cloud stock is trading near a reliably bullish trendlineTwilio Inc (NYSE:TWLO) stock has been in an impressive long-term uptrend, more than tripling in value on a year-over-year basis. More recently, the cloud shares hit a record high of $136 on March 21 before easing back to a historically bullish trendline, last seen up 0.7% at $123.20.Specifically, TWLO closed Thursday's session within one...Read More
The shares have pulled back sharply from their mid-March peakBoston Beer Company Inc (NYSE:SAM) is reeling this morning, last seen down 3.9% at $272.79, after Goldman Sachs slammed the beer stock with a downgrade to "sell" from "neutral," and a price-target cut to $245 to $270. The firm said its sees increasing competition negatively impacting sales growth for SAM, and prefers rival Constellation...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
MUMBAI/BENGALURU - Physical gold demand perked up in top bullion consumer China on a dip in prices and optimism surrounding a U.S.-China trade deal, while buying picked up pace in the Indian market as domestic rates fell ahead of a key festival.In China, premiums of about $13-$15 were being charged over the benchmark, marginally higher than last week's $12-$14 range."Demand in China is doing a bit...Read More
APHA has nearly tripled since its early December bottomPot stock Aphria Inc (NYSE:APHA) was granted provisional approval in Germany for a cannabis cultivation license, with a minimum annual capacity of 200 kilograms. This comes a few days after Aphria launched its first CBD-based product in Germany. The news has Aphria stock up 1% to trade at $10.03 this morning. Since February, Aphria stock has...Read More
We're getting used to writing about bullish analyst notes on ChipotleWe try to diversify our coverage of stocks, but certain trends are too hard to ignore. That's been the case for Chipotle Mexican Grill, Inc. (NYSE:CMG), which continues to receive one positive analyst review after another. This morning it was Stifel that weighed in, saying in a note that a recent survey suggests the burrito chai...Read More
The brokerage firm also boosted its BBBY price targetMorgan Stanley upgraded Bed Bath & Beyond Inc. (NASDAQ:BBBY) to "equal weight" from "underweight," and lifted its price target by $7 to $20 -- a 13.7% premium to last night's close. The brokerage firm said a recent push by activist investors for new management "creates possible upside," and could drive BBBY stock's performance until the retailer...Read More
Waning trade-related fears have halted gold's forward progress for now.ETF inflows slip, further eroding the immediate-term gold outlook.Gold's longer-term recovery is still alive, though, and should continue.While gold's intermediate-term (3-9 month) recovery is still intact, its near-term trend is coming under serious pressure. As we'll discuss in today's report, the latest spike in the...Read More
Bitcoin Gold is the market leader today after the price broke above the 50 SMA 1-hour. BTG/USD hits a snag at $18.00 as the reaction to a double-top pattern starts. The crypto market is mainly in the green following the steady return of the bulls. Selected cryptocurrencies like Bitcoin Gold and Ripple are recording double-digit gains on Friday. Other cryptos in the top twenty are up 1.5% to 7% o...Read More