Vancouver-based Great Bear Resources has intercepted new gold mineralization along the fold axis at its Dixie project in the Red Lake district. The best assay was 31.40 g/t gold over 0.7 metre at a depth of 64 metres below surface.Great Bear considers the D2 fold axis to be a significant gold control. All five of the holes recently drilled there returned gold mineralization. Two of the holes inter...Read More
MDC Partners was downgraded today, tooThe Dow is sharply lower today, taking a hit as analysts pile on Boeing (BA) amid the 737 MAX 8 controversy. Among stocks making notable moves lower today are marketing communications specialist MDC Partners Inc (NASDAQ:MDCA), and grocery distributors United Natural Foods Inc (NYSE:UNFI), and SpartanNash Co (NASDAQ:SPTN). Here's a quick look at what's got the...Read More
The stock is headed toward its worst daily losing streak since 2010A global ban of Boeing's (BA) 737 MAX 8 planes is weighing on Southwest Airlines Co (NYSE:LUV) stock today -- down 2.3% to trade at $50.45. The airline is the biggest operator of the aircraft, but underscored in a released statement that data "indicates the effectiveness of our operating standards, procedures, and training." Today'...Read More
UBS cut its rating on the stock to "sell" and slashed its price targetThe shares of Hewlett Packard Enterprise Co (NYSE:HPE) are in the red today, after some negative analyst attention. Specifically, UBS downgraded HPE stock to "sell" from "neutral," and cut its price target to $13 from $17 -- an 18% discount to yesterday's close -- stating, "We do not see a 2H19 recovery," as growing cloud demand...Read More
The World Gold Council has issued quite a few interesting papers recently. In this edition of the Gold News Monitor, we discuss the most provocative ones. Such as the money worthiness of gold compared to Bitcoin. Or the ongoing gold repatriation trend as Romania recently joined the fray. What kind of learnings can the precious metals investors draw here? Cryptocurrencies Are No Substitute f...Read More
Sangamo appointed Jason Fontenot as its new Senior Vice President, Cell TherapyBiotech company Sangamo Therapeutics Inc (NASDAQ:SGMO) just named Jason Fontenot, Ph.D. as its Senior Vice President, Cell Therapy. Fontenot will be in charge of the genomic medicine concern's developing cell therapy portfolio. The stock isn't reacting positively to the news, down 2.9% at $9.76, at last check. Looking...Read More
The S&P and Nasdaq, meanwhile, are higherNewly downgraded Boeing (BA) stock continues to weigh down the Dow Jones Industrial Average (DJI) this afternoon, as the U.K., China, France, and many other countries ground the 737 MAX 8 aircraft on safety concerns. On the flip side, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are pushing higher on the back of relatively tame inflation data and a...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
AAPL has had a busy news cycle already this weekBoeing (BA) hasn't been the only blue chip making headlines this week, with Apple Inc. (NASDAQ:AAPL) active in the news cycle, as well. In addition to yesterday's big "buy" rating, the iPhone said it will host a special event on Monday, March 25, with rumors swirling of potential updates to its original video content and news subscription services. A...Read More
Plus, Zafgen's Chief Medical Officer just resignedThe shares of Zafgen Inc (NASDAQ:ZFGN) are down 32.2% to trade at $3.43, one of the worst stocks on the Nasdaq this morning, under pressure from a double-dose of negative headlines. First, the drugmaker pulled plans for its experimental drug for rare diseases due to anomalies in animal trial data. What's more, the company announced its Chief Medic...Read More
Russian gold and silver producer Polyus has received a further 5 percent stake in the giant Sukhoi Log gold deposit from its project partner Rostec in return for a 0.28 percent stake in Polyus shares, Polyus said late on Monday.The deal raises Polyus' stake in Sukhoi Log, one of the largest untapped gold deposits in the world, to 63.4 percent. Rostec's stake falls to 36.6 percent.Polyus in January...Read More
Fourth-quarter earnings and revenue beat analysts' expectationsThe shares of Chinese social media name Momo Inc (NASDAQ:MOMO) are up 12.8% at $36.72, after the company announced fourth-quarter earnings and revenue that came in ahead of analysts' expectations.Today, MOMO stock is pacing for its best day since May 2018. The stock is up 60% from its Jan. 2 one-year low of $22.85, supported by its 30...Read More
Toronto-based Anaconda Mining has arranged a $5 million term loan from the Royal Bank of Canada. This will allow the company to complete all pre-construction work at its Goldboro gold project 175 km northeast of Halifax. No further equity financing is anticipated.Anaconda expects to complete the Goldboro feasibility study this year. At the same time it will complete the work required to obtain min...Read More
F5 stock is testing a familiar floor today, thoughShares of F5 Networks, Inc. (NASDAQ:FFIV) are down 7% at $150.83 in early trading, after the tech name announced plans to purchase privately-held open source web server Nginx for an estimated $670 million. F5 Networks said the deal will increase software revenue growth and revenue mix in fiscal 2019 and 2020, though FFIV said it will also suspend...Read More
DKS is down big, but the move is smaller than speculators priced in Dick's Sporting Goods, Inc. (NYSE:DKS) this morning reported fourth-quarter earnings per share of $1.07, edging out a consensus analyst estimate of $1.06, and revenue also came in higher than expected for the period, with e-commerce sales rising 17%. However, a 3.7% decline in same-store sales has DKS stock down 6.3% this morning...Read More
Canada's Goldcorp (TSX:G) (NYSE: GG) said an illegal strike at its Cerro Negro mine in Argentina has forced it to halt operations at the site, the company's biggest gold producing asset in the South American country.Mining stopped on March 8, when members of the Asociaci??n Obrera Minera Argentina (AOMA) downed tools, and processing activities have now also ceased following the exhaustion of surfa...Read More
February's CPI met analyst expectationsDow Jones Industrial Average (DJI) futures are in the red this morning, under pressure once more from blue-chip heavyweight Boeing (BA). Not only did the aerospace name receive two downgrades on Wall Street this morning -- with DZ Bank issuing the stock's first "sell" ratings in nearly two years -- Malaysia, Singapore, and Australia joined the growing list...Read More
The company reported positive results in a late-stage trials of vadadustatThe shares of Akebia Therapeutics Inc (NASDAQ:AKBA) have shot up 23.4% in electronic trading, after the Massachusetts-based firm reported positive data from a pair of late-stage studies for vadadustat -- used to treat patients with anemia due to chronic kidney disease. The studies were part of a collaboration with Mitsubishi...Read More
Out-of-the-money put strikes could come into play for XLF as March options get set to expireThe Financial Select Sector SPDR Fund (XLF) began last week's trading in less-than-robust form by immediately backing down from resistance at its 200-day moving average, after having run up to test this overhead trendline a couple of times during the final week of February. Granted, XLF wasn't alone in pull...Read More
As more millennials are interestedin sustainable investments, one "green tech" company is leading the charge on clean drilling.Concerns about climate change and the high cost of energy have driven the maturation of the "Green Technology" movement into a trillion-dollar industry.Socially Responsible Investments (SRIs) are the most popular component of the average millennial's 401K, according to a r...Read More