AAPL is expected to unveil its new streaming services at an event later todayOptions volume is accelerated on Apple Inc. (NASDAQ:AAPL) this morning, ahead of the today's highly anticipated event, where the tech titan is expected to unveil details for its new video and news streaming services. At last check, around 219,000 calls and 153,000 puts have changed hands on AAPL stock -- nearly double wha...Read More
Some options traders have been betting on upside for KBRThe shares ofKBR, Inc. (NYSE:KBR) are trading down 0.6% at $18.16, despite news the company won a nearly $96 million contract to supply cybersecurity and engineering services to the U.S. military. This just extends the selling seen on Friday that pushed the equity down 4.6% and below the 200-day moving average, which had briefly stepped up as...Read More
Canopy Growth scored a license for its New Brunswick production facilityCanopy Growth Corp (NYSE:CGC) stock was up nearly 1.9% out of the gate, after the cannabis producer received a license from Health Canada to increase cultivation at its facility in New Brunswick. The company hopes to boost production by more than 5,000 kilograms annually, with the first harvest expected within six months. Am...Read More
SRPT was initially higher after an update on its DMD treatment The shares of Sarepta Therapeutics Inc (NASDAQ:SRPT) were higher in pre-market trading, after the biopharmaceutical company gave a positive update on an early study of its Duchenne muscular distrophy (DMD) gene therapy treatment. However, SRPT stock has since reversed lower, last seen down 3.5% at $118.SRPT stock just hit a four-month...Read More
The brokerage firm also downgraded the cloud stock to "sell"Deutsche Bank downgraded Akamai Technologies, Inc. (NASDAQ:AKAM) stock to "sell" from "hold," and slashed its price target to $58 from $64 -- the lowest on Wall Street. This bearish tilt echoes last week's comments from Cowen, which said AKAM stock slid to the number 23 spot on its "conviction list," after coming in fifth last November.To...Read More
DERM has already added 80% since JanuaryDermatological biopharma Dermira Inc (NASDAQ:DERM) is up 2.6% at $13.33 in early trading, after receiving multiple bull notes in response to its "Life Unfolds" campaign, which shines a light on its excessive underarm sweat treatment, the Qbrexa cloth. Ahead of today's bull notes, however, DERM was already enjoying the positive impact of a March 18 announcem...Read More
Top U.S. trade negotiators are in Beijing this weekDow Jones Industrial Average (DJI) futures are pointed slightly higher this morning, after Special Counsel Robert Mueller's investigation into Russian interference in the 2016 U.S. presidential election found no evidence of collusion on the part of President Donald Trump's campaign. This is helping offset fears of a global recession that were spa...Read More
Gold miner Caledonia Mining is seeking ways to deepen its investment in Zimbabwe even though a currency crisis has dented its earnings and bureaucracy has slowed the company's purchase of an increased stake.The end of Robert Mugabe's rule in 2017 after an army coup led to a rush of excitement that miners would flood in to develop the nation's mineral wealth.The end of Robert Mugabe's rule in 2017...Read More
Analysts have taken a hatchet to their forecasts for the upcoming round of corporate earningsThe following is a reprint of the market commentary from the April 2019 edition of The Option Advisor, published on March 22. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.Following Wednesday's "no hike" decision from the...Read More
(Corrects industry body name to Minerals Council from MinesCouncil)JOHANNESBURG, March 25 (Reuters) - South Africa's gold andplatinum mines will shed around 90,000 jobs in the next threeyears as above-inflation electricity price increases by powerutility Eskom add to already soaring operating costs, anindustry body said on Monday."In total, as many as 90,222 jobs would be at risk solely asa r...Read More
There's some downside risk for stocks this week as the month of March wraps upThe doubt we had in the S&P 500 Index (SPX - 2,800.71) breakout manifested itself late last week, after the Federal Open Market Committee (FOMC) decided to hold rates steady at the conclusion of its meeting on Wednesday. As we mentioned previously, nearly all market participants had largely expected this result. However,...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, March 25 (Reuters) - Copper prices touched theirlowest level in more than a month on Monday on worries aboutglobal economic growth, but falling inventories and the upcomingpeak demand season for industrial metals were seen curbinglosses."There are some headwinds from a macro perspective after thebroader reaction...Read More
* German business climate index increases, survey shows * London's FTSE 100 leads losses * Britain's Inmarsat gains on $3.4 bln buyout offer (Updates to closing)By Susan MathewMarch 25 (Reuters) - Europe suffered a fourth day of lossesas persistent worries about the pace of global growth and Brexituncertainty took their toll on shares in the region.The pan-European STOXX 600 index closed 0.45perce...Read More
US gold giant Newmont Mining (NYSE:NEM) has offered investors a one-time special dividend of 88 cents per share, if its $10 billion-friendly takeover of Goldcorp (TSX:G) (NYSE:GG) is approved, in an effort to stop a brewing shareholder revolt that could obstruct the deal with the Canadian gold miner.Some of Newmont's shareholders, including hedge fund giant Paulson & Co., have criticized the dea...Read More
Romios Gold Resources (TSXV: RG) announced that it has amended an agreement it signed with Crystal Lake Mining (TSXV: CLM) whereby Romios' Newmont Lake property has been optioned to CLM provided that the latter has funding in place to finance its commitment to spend $3 million on an agreed exploration program before September 20, 2019.In a press release, Romios explained that the Definitive Agreem...Read More
As Wisconsin moves closer to legalization, it's a race to secure dominance in the new market.The state of Wisconsin has officially put marijuana decriminalization and medical cannabis in the latest budget proposal. At this rate, Wisconsin could be the next state to legalize medical marijuana and possibly decriminalize the substance altogether.This company is predicted to make $6 to $8 million on t...Read More
* FTSE 100 down 0.4 pct * FTSE 250 down 1.1 pct * Fresnillo outperforms main index * Inmarsat gains on buyout deal * Wood Group slips after Jefferies' rating action (Adds news items, analyst comment, updates to closing prices)By Shashwat Awasthi and Pushkala AripakaMarch 25 (Reuters) - Britain's FTSE 100 slipped as fears ofa recession in the United States triggered a sell-off in globalmarkets, whi...Read More
Fears of US recession, sluggish data and Brexit uncertainty please safe-haven buyers. $1320 acts as immediate resistance with $1308 likely being nearby support. Gold prices are on bid around $1316 during early Monday. The yellow metal recently benefited as global markets turned risk-off moves after sluggish data from the US flashed a sign of recession for the world’s largest economy. Addin...Read More
Learn how to protect savings and maximize returns by investing in precious metals.Gold Trust would like to announce the newest edition of its guide to precious metals, perfect for anyone hoping to safeguard their investments and retirement!And today, they are giving away a free copy of their Investor's Guide to Precious Metals 2019!Their goal is to help regular investors learn the "pro" secrets...Read More
Australia's OceanaGold (ASX, TSX: OGC) has withdrawn from two exploration projects in Argentina in which spent about $4.5 million (C$6m) over the past two years as explorations results have not met the miner's expectations.Mirasol Resources (TSX-V:MRZ), the owner of La Curva and Claudia prospects in Argentina's Santa Cruz province, said that while results to date weren't what OceanaGold expected,...Read More