We checked in on PYPL following big M&A news out of the payments space and the data was surprisingPayment processors are in focus today on Wall Street following Fidelity's $35 billion buyout deal for Worldpay (WP). Sector peer PayPal Holdings Inc (NASDAQ:PYPL) earlier hit a record high of $101.83, but has since pulled back to trade at $99.47, as it tests the significant round-number $100 level. De...Read More
Newly downgraded Facebook is keeping Nasdaq gains in checkThe Dow Jones Industrial Average (DJI) is once again feeling pressure from Boeing (BA), which is down on reports of a Department of Transportation probe into the company's grounded 737 MAX 8 planes. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) arefloating just above breakeven, paring earlier gains as Facebook (FB) dips on a downgra...Read More
How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More
Both stocks are assailing new heights Two biotech stocks have nearly doubled in value today, and sit near the top of the Nasdaq. First up, PhaseBio Pharmaceuticals Inc (NASDAQ:PHAS) is up 75.3% to trade at $6.52, and earlier nabbed a record high of $8.88 -- more than double Friday's close of $3.72 -- after the company's appearance at the American College of Cardiology (ACC) conference this weekend...Read More
Tanzania has ordered all mineral-producing regions in the East African nation to set up government-controlled trading centres by the end of June, accelerating efforts to curb illegal exports of gold and other precious minerals.The trading centres will give small-scale miners direct access to a formal, regulated market where they can go and directly trade their gold. They currently struggle to acce...Read More
DGX has managed to take back its 80-day moving averageShares of Quest Diagnostics Inc (NYSE:DGX) are down 0.2% at $88.28 this morning, after Credit Suisse downgraded the stock to "neutral" from "outperform" andcut its price target to $91 from $101. Though it sees near-term headwinds, the firm said it was optimistic toward Quest Diagnostic's long-term outlook saying, "reimbursement pressures and r...Read More
LL just hit a new 10-year low The shares of Lumber Liquidators Holdings Inc (NYSE:LL) are taking a beating this morning, on a wave of bad news for the hardwood flooring concern. The company reported fourth-quarterrevenue that fell short of expectations, and Chief Financial Officer (CFO) Martin Agard announced that he is leaving the company effective April 5. As a result, LL stock is down 9% at $9....Read More
Mark Bristow taking over the leadership of Barrick Gold Corp. facilitated negotiations with Tanzania about a multibillion-dollar tax dispute that could be resolved by May, the country's attorney general said.Barrick unit Acacia Mining Plc has been at odds with Tanzania's government since July 2017, when the state handed it a $190-billion tax bill, saying the gold producer falsely declared bullion...Read More
SYNA stock is heavily shortedHuman interface technology expert Synaptics, Incorporated (NASDAQ:SYNA) is watching its stock price plummet today, last seen down 17.1% at $35.78. The sell-off comes after the company, on Friday evening, said CEO Richard Bergman is leaving the firm, and its fiscal third-quarter revenue will come in at the lower end of its expected range due to weakness in the Chinese m...Read More
There are reports a U.S.-China meeting could be pushed back againDow Jones Industrial Average (DJI) futures are pointed modestly lower this morning, under pressure once more from embattled blue chip Boeing (BA). Shares of the aerospace stock are down 2.5% ahead of the bell after The Wall Street Journal reported that Department of Transportation (DOT) officials and federal prosecutors are probing...Read More
A deep dive into spring seasonality tells us what to expect through the end of AprilLast week's bullish price action during March options expiration week appears to have taken out technical resistance at the S&P 500 Index (SPX - 2,822.48) 2,820 level by a sliver, which happens to be 20% off the December 2018 lows. While last week's rally was propelled by a few factors, the dollar's failure to brea...Read More
Kyrgyz gold producer Chaarat (AIM:CGH) and Turkish mining and mine construction contractor ??iftay ??nsaat Tahh? 1/4 t ve Ticaret signed today a binding term sheet to enter into a joint venture with the idea of collaborating on the Tulkubash and Kyzyltash projects in the Kyrgyz Republic.In a press release, the companies explained that even though they have worked together since 2017 and that in 20...Read More
* Pound drops as chances of third Brexit vote diminish * But some see upside potential on lengthy Brexit delay * BOE meeting eyed though unlikely to change outlook (Adds parliament speaker, updates prices)By Tom FinnLONDON, March 18 (Reuters) - Sterling dropped below $1.32 onMonday after the speaker of Britain's parliament said PrimeMinister Theresa May's Brexit deal could not be voted on againunl...Read More
Havilah Resources (ASX: HAV) is planning to run a detailed, high resolution, airborne electromagnetic survey or AEM to explore for additional copper-cobalt resources in the Mutooroo copper-cobalt district, located in New South Wales, eastern Australia.The survey is planned to commence in mid-April and it is expected to take at least three weeks to complete. This type of study has never been done o...Read More
* European stocks rise, led by banks, resources sectors * Commerzbank, Deutsche Bank jump on merger talkconfirmation * German stocks fall for first time in three days * Germany's Leoni slumps after scrapping 2019 profit target (Updates prices to close)March 18 (Reuters) - European stocks rose for the fourthsession in a row on Monday as a flurry of dealmaking, includingmerger talks between Deutsche...Read More
The gold shares ETF is trading between my semiannual value level at $120.36 and the Feb. 20 high at $127.21.The commodities ETF is poised to pop if it holds its 200-week SMA at $15.78 upside to its 200-day SMA at $16.48.The long dollar ETF is trading between my annual pivot at $25.47 and my semiannual risky level at $26.39.Here are the daily charts for the gold, commodities and the dollar ETFs. Th...Read More
* FTSE 100 up 1 pct, at 5-month high * FTSE 250 about flat * Worldpay's London shares jump after buyout deal * Financial stocks up on M&A * Hunting up on rating upgrade (Adds news items, updates share moves)By Muvija M and Shashwat AwasthiMarch 18 (Reuters) - London's exporter-heavy FTSE 100 surgedto a five-month high on the back of a drop in sterling afterBritain's parliament speaker struck a...Read More
Chile's Supreme Court has ruled in favour of Barrick Gold (TSX:ABX) (NYSE:GOLD), revoking the permanent closure of the Canadian miner's Pascua-Lama gold-silver project.The world's largest gold miner, which completed its merger with Randgold at the beginning of the year, said the March 14 ruling overturned the Antofagasta Environmental Court's order, issued late last year, and it also ordered...Read More
GOLD threatening further upside pressure nearer term as it closed higher the past week. The pair looks to move higher towards the 1,310.00 resistance zone in the new week. Further out, resistance resides at the 1,320.00 level where a break will aim at the 1,330.00 level. A turn above there will expose the 1,340.00 level. Further out, resistance stands at the 1,350.00 level. Its daily RSI is pointi...Read More
* Wave of mergers fuelled by shift away from cash * Deal values Worldpay at about $43 bln including debt * Worldpay shareholders to get $112.12 per share * Cash-and-stock deal offers premium of about 14 pct (Adds quotes from source close to deal, adds analyst comment)By Justin George Varghese, Rachel Armstrong and PamelaBarbagliaMarch 18 (Reuters) - U.S. fintech Fidelity NationalInformation Servic...Read More