NVDA has gained 45% since its late-December bottomNvidia Corporation (NASDAQ:NVDA) stock is up 4% to trade at $180.79, afterPiper Jaffray initiated coverage on the chipmaker withan "overweight" rating and $200 price target. The analyst in coverage sees Nvidia trading at an attractive level thanks to its market positioning with data centers and automotives, as well as the recent Mellanox acquisiti...Read More
Cronos reported its fourth-quarter results this morningThe shares of Cronos Group Inc (NASDAQ:CRON) are 1.7% lower at $20.18 this morning, after the cannabis concern posted a wider-than-expected fourth-quarter loss. Revenue also missed the consensus forecast, even as it soared 248% year-over-year. CRON stock hit an all-time-high of $25.10 in early February, and came back within striking distance...Read More
Short sellers are temporarily blocked from one of their recent favorite targetsShares of Conn's Inc (NASDAQ:CONN) have reversed their premarket gains, last seen down 6.3% at $22.36, after the company reported a fourth-quarter earnings beat, but fell short of revenue expectations as same-store sales declined 1.4% for the period. Today's post-earnings plunge has CONN stock retreating from a test of...Read More
Argentina is eyeing its first major new mining project in two decades, nudged forward by President Mauricio Macri's market-oriented policies. But there's no guarantee he'll be around to take credit.Argentina's economy is tanking with the central bank hiking interest rates to ease inflation and save the peso, the worst-performing currency in emerging markets. That could put Macri on shaky ground as...Read More
EPA Administrator Andrew Wheeler is formally recusing himself from agency reviews and permitting decisions on a proposed gold and copper mine near Alaska's Bristol Bay amid criticism his former law firm represented the developer.Wheeler promised to steer clear of matters involving the controversial Pebble Mine in an updated March 20 recusal statement, two years after his former employer, Faegre Ba...Read More
Investors are keen for updates to U.S.-China trade talksDow Jones Industrial Average (DJI) futures are trading above fair value today, following Monday's hard-fought win for the blue-chip barometer. A double-dose of news has investors optimistic today. First, the yield on the 10-year Treasury note has stabilized near 2.4%, after the yield curve inversion last week incited panic selling. Second,hi...Read More
* GRAPHIC-2019 asset returns: (Adds closing prices)By Zandi ShabalalaLONDON, March 26 (Reuters) - Copper prices held steady onTuesday as a murky global economic growth outlook sapped demandahead of a new round of trade talks between the United Statesand China this week.Benchmark copper ended 0.2 percent lower at $6,330 atonne, having touched its lowest in a month in the previoussession before clos...Read More
The passage of Bill C-45 could be a signal to early investors that pot stocks are ready to pop.With Bill C-45 now in effect, it's possible that in the very near future, investors may be seeing stock market gains that will never be seen again. This is a sentiment echoed by The New York Times, which reported that when this bill passes as expected, it will "completely legalize marijuana as a consu...Read More
The Nasdaq-100 Index just bumped into an under-the-radar round numberRegular followers of our technical analysis are well aware that we tend to favor "under the radar" indicators -- say, the 320-day moving average over the 200-day, or the Relative Momentum Index (RMI) over the Relative Strength Index (RSI). By incorporating these less-popular metrics into our chart studies alongside the "usual sus...Read More
* World FX rates in 2019* Trade-weighted sterling since Brexit vote (Adds quotes, details)By Sujata RaoLONDON, March 26 (Reuters) - Sterling bounced against theeuro on Tuesday after two eurosceptic lawmakers indicated theymight agree to support British Prime Minister Theresa May's EUwithdrawal deal rather than risk the UK parliament cancellingBrexit.The comments follow parliament's move to take co...Read More
• Improving risk-sentiment prompts some profit-taking during the Asian session. • Subdued USD price action lends some support and might help limit the downside. Gold witnessed some profit-taking move on Tuesday and eroded a part of the previous session's strong up-move to near one-month tops. The overnight uptick was supported by an inversion of t...Read More
Pancontinental Resources (TSXV: PUC) announced this week the acquisition of the St. Laurent project, located in the eastern Canadian province of Ontario.Pancontinental is purchasing the property from 2681891 Ontario Inc., with whom the company entered into an option agreement. To earn a 100% interest, the Toronto-based miner has to pay a total of $145,000 in cash and issue 1,850,000 common shares...Read More
* Germany's Wirecard soars 26 percent* ConvaTec jumps after report of buyout interests * Ferguson tumbles on disappointing outlook * Carnival drops on cutting forecast (Updates to closing)By Susan MathewMarch 26 (Reuters) - European shares rose on Tuesday,snapping a four-day losing streak, boosted by healthcare stocksand on indications that UK Prime Minister Theresa May's deal toexit the European...Read More
(Amends number of mortgages approved and deletes reference tosix-year low after data provider UK Finance released correctedfigures)LONDON, March 26 (Reuters) - British banks approved fewermortgages in February than during January, industry data showedon Tuesday.Seasonally-adjusted data from the UK Finance industry bodyshowed banks approved 39,083 mortgages last month, down from39,910 in January.Th...Read More
* FTSE 100 up 0.3 pct, mid-caps up 0.5 pct * Ocado at record high on partnership deal * Housebuilders gain after HSBC upgrades * Carnival slumps on reduced profit target* ConvaTec surges on M&A talks (Recasts, adds company news items, quote, updates prices)By Shashwat Awasthi and Muvija MMarch 26 (Reuters) - London's main index bounced back fromtwo sessions of losses as exporters were boosted...Read More
* Measure of implied volatility at highest since lastSeptember * Central bank tweaks help reverse last week's steep losses * Expected rate cut might be delayed - traders (Updates prices)By Nevzat Devranoglu and Orhan CoskunANKARA, March 26 (Reuters) - The Turkish lira firmed againon Tuesday in volatile trade, as a series of "back door" actionsby the central bank succeeded in erasing most...Read More
Dual-listed Galantas Gold (TSX, LON:GAL) is expanding capacity of the processing plant at its Omagh mine in Northern Ireland, with the goal of producing 2,000-2,5000 ounces of concentrate per month in the 2020-21 financial year.The company, which is already running an extended dayshift, plans to add a second milling shift late in the June quarter. More shifts will be added in the September quarter...Read More
Analysts at Morgan Stanley offer their outlook on Gold, noting that they have turned more neutral on the yellow metal. Key Quotes: “Turned 'more neutral' on gold, citing the Fed's policy baked in. Now bullish on silver on an expected recovery in industrial demand later in 2019. Gold prices seen at USD 1290/oz in Q2 2019, 1300 in Q3 and 1350 in Q4. Further reason cited: The b...Read More
Published 23 Hours AgoUpdated6 Hours AgoReuters Edgar Su | ReutersGold retreated on Tuesday from more than three-week highs in the previous session after the dollar rebounded and risk appetite and bond yields recovered as fears eased about a possible U.S. recession.Spot gold was down 0.36 percent at $1,316.99 per ounce as of 2:30 p.m. EST, after hitting its highest since Feb. 28 at $1,324.33 on M...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended higher Monday in cautious trading as global growth concerns continued to weigh on Wall Street. Shares of Biogen (BIIB) rose 1.6% after its board approved a $5 billion share repurchase program. Viacom Inc. (VIAB) surged 3.9% after reaching a deal to renew its distribution contra...Read More