The tech concern will unveil its fourth-quarter earnings after tomorrow's closeData center concern Switch Inc (NYSE:SWCH) is scheduled to report its fourth-quarter earnings after the close tomorrow, March 12. In anticipation of this report, SWCH stock is up 2.7% at $8.29 -- set to snap a three-day losing streak. Below, we take a look at how Switch shares have been performing on the charts, and wha...Read More
Apple shares are lifting the DowStocks arehigher this afternoon, with the Dow Jones Industrial Average (DJI) in the black despite major losses for Boeing (BA) stock. Bolstering the index is FAANG stock Apple (AAPL), which is up more than 3% after a fresh "buy" rating. Meanwhile, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also comfortably higher at midday. With a push from this mornin...Read More
Are the bulls bouncing back? Risk Warning for Financial Promotions Hantec Markets' various market reports and commentary are issued by Hantec Markets Limited, who is authorised and regulated by the Financial Conduct Authority (FCA) in the UK, No. 502635. The reports are prepared and distributed for information purposes only. Trading in Foreign Exchange (FX), Bullion and Contra...Read More
The bearish call isn't keeping DO stock price down today, thoughThe shares of Diamond Offshore Drilling Inc (NYSE:DO) have made a beeline lower since topping out above the round $20 mark back in October. And while the $9 neighborhood has served as a floor during this recent decline -- the lowest the stock ever traded was $8.78 on Jan. 2 -- Goldman Sachs thinks there's more downside to come, with t...Read More
Our Senior V.P. of Research looks at the closely watched 2,800 mark on the S&P 500Schaeffer's Senior V.P. of Research Todd Salamone stopped by CNBC's Squawk Box this morning, where he discussedthe Fed's dovish stance and why it could result in the S&P 500 Index (SPX) moving past the stubborn 2,800 mark. To watch Todd's full remarks, click on the video player below. And to stay up to date with all...Read More
Higher volatility could be on the horizon, if past is prologueThe Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) last week dropped every single session, marking the first time the indexes suffered a simultaneous five-day losing streak since November 2016, just before the presidential election. Below, we take a look at how the stock market barometers have fared...Read More
NKE stock touched a record high just last weekShoe giant Nike Inc (NYSE:NKE) is slightly elevated this morning,up 0.9% at $85.53, after Cowen and Company analyst John Kernanhiked his price target on the stock to $92 from $90. Further, Kernan explained that compared to competitor Adidas, Nike does well with its tightly controlled supply launches, which drive consumer engagement and full-price sal...Read More
Analysts set high price targets on AAPL and FB stocksFAANG stocks Apple Inc. (NASDAQ:AAPL) and Facebook, Inc. (NASDAQ:FB) received analyst upgrades this morning, and the shares of both tech companies are trading higher as a result. We'll take a closer look at AAPL and FB below. For Apple, BofA-Merrill Lynch upgraded the iPhone maker to "buy" from "hold" and boosted its price target to $210 from $1...Read More
NVDA shares have consolidated below $160 recentlyThe shares of Nvidia Corporation (NASDAQ:NVDA) are up 1.9% to trade at $153.36, after the chipmaker agreed to buy Israel-based Mellanox Technologies (MLNX) for $6.8 billion in cash, the largest deal in the company's history. Nvidia reportedly beat out rival Intel (INTC) for the bid in an effort to expand data center technology. However, the company...Read More
BA hasn't had six straight daily losses since NovemberThe shares of Boeing Co (NYSE:BA) are crumbling today, after one of the firm's 737 Max 8 planes run by Ethiopian Airlines crashed over the weekend -- resulting in 157 fatalities, and marking the second deadly crash for this specific plane in the last six months. In reaction, China, Indonesia, and Ethiopian Airlines have grounded 737 Max 8 aircr...Read More
Axovant stock is pacing for its best day in months The shares of biotechnology concern Axovant Sciences Ltd (NASDAQ:AXGT) are up 54% at $2.28 in early trading after announcing successful phase 2 trial results for itsParkinson's treatment, AXO-Lenti-PD. The news has the penny stock at the top of the Nasdaq and pacing for its best day in months. The equity has filly its early December bear gap in t...Read More
This article is reprinted by permission from NerdWallet. When the American ExpressAXP, +1.46% Gold Card relaunched in October 2018, the rich rewards it promised at restaurants made it one of the top credit cards for dining available. Cardholders are supposed to earn 4 points per dollar spent at U.S. restaurants (terms apply). But some have been reporting that the card doesn't consistently del...Read More
Russian gold and silver producer Polymetal increased its ore reserves by 15 percent last year to 24 million ounces of gold equivalent, the company said on Monday. Gold reserves rose 21 percent to 22.3 million ounces, while silver reserves fell 15 percent to 135 million ounces last year, Polymetal said.Mineral resources rose 44 percent to 26.3 million ounces of gold equivalent, the company said.(By...Read More
Fed Chair Jerome Powell continues to express optimism over the U.S. economyDow Jones Industrial Average (DJI) futures are getting clobbered this morning, trading nearly 200 points below fair value, in the wake of a deadly crash of a Boeing (BA) 737 Max 8 airplane operated by Ethiopian Airlines over the weekend. This is the second fatal crash involving the aircraft in six months. The blue-chip ind...Read More
It's amazing what just talking it out can achieve. After a parade of insults, suspect numbers and pitch decks, Barrick Gold Corp. and Newmont Mining Corp. have agreed to a deal. It isn't the deal Barrick originally pushed for; namely, a hostile full takeover of its rival. Instead, they will holster their Excel models and form a partnership in the one asset anyone really cares about: their Nevad...Read More
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis. Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2019 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intellig...Read More
If Friday's close marks a meaningful low, it could be an entry point for bulls"...with 2,800 on many radar screens due to the action around this level that I just described in late 2018, potential buyers may perceive danger at 2,800, potentially flipping the supply-demand equation back in favor of the bears...At the risk of saying, 'this time is different,' perhaps it is best to describe what I se...Read More
SEMAFO (TSX: SMF) (OMX: SMF) and Savary Gold (TSX-V: SCA) announced today that they have entered into a definitive combination agreement pursuant to which SEMAFO will acquire all of the issued and outstanding common shares of Savary not already owned by it.In a press release, the companies explained that the transaction is being carried out by way of a three-cornered amalgamation, which will be vo...Read More
SEMAFO (TSX: SMF) (OMX: SMF) and Savary Gold (TSX-V: SCA) announced today that they have entered into a definitive combination agreement pursuant to which SEMAFO will acquire all of the issued and outstanding common shares of Savary not already owned by it.In a press release, the companies explained that the transaction is being carried out by way of a three-cornered amalgamation, which will be vo...Read More
Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD) has officially dropped its hostile takeover offer for U.S. rival Newmont Mining (NYSE:NEM) in favour of a friendly deal to create a joint-venture that will combine the two companies' assets in Nevada.The world's two biggest gold miners have operated independently in Nevada for decades, but had been unable to reach an agreement on a way to co-operate unti...Read More