Gold prices settled at a two-week low Thursday, giving up earlier gains in the wake of an abrupt end to the U.S.-North Korea denuclearization talks, with a stronger-than-expected reading on the U.S. economy contributing to the metal's loss for the month. U.S. President Donald Trump cut short a summit with North Korean leader Kim Jong Un after failing to reach an agreement on curbing North Korea's...Read More
The company is delaying its quarterly earnings release, tooThe shares of Syneos Health Inc (NASDAQ:SYNH) are getting rocked today, after the company said the Securities and Exchange Commission (SEC) is looking into its revenue accounting practices and internal controls. In addition, Syneos delayed its fourth-quarter earnings release. As such, SYNH stock is down 20.5% at $41.37, pacing for its wors...Read More
Calls have been more popular than puts in recent weeksWisdomTree India Earnings Fund (EPI) -- which offers exposure to "profitable companies in the Indian equity market" -- saw a spike in options trading yesterday, amid news of escalating tensions between India and Pakistan. In fact, options volume topped out at an annual high of 38,472 contracts traded in one session, with the bulk of the action...Read More
XAUUSD, H1 The dollar has traded mostly weaker, showing losses of 0.4% against the Euro, 0.8% to the Swiss Franc, which has been the day’s outperformer, and a 0.2% advance on the Yen. The U.S. currency fared better against Sterling, which corrected some of its recent strong gains against most currencies, and the dollar bloc currencies, which have been under some pressure amid a risk-off back...Read More
Target and Kohl's are just two of the retailers reporting earningsThe first full week of March features a little bit of everything for Wall Street. February's highly anticipated jobs report will put a stamp on the week on Friday, and the last batch of earnings stragglers includes retailers Target (TGT), Abercrombie & Fitch (ANF), Urban Outfitters (URBN), and Kroger (KR). After President Donald Tr...Read More
Many important things happened yesterday. Cohen testified before the Congress, the USNorth Korea Summit took place, while tensions between India and Pakistan escalated. Will these developments boost gold? India and Pakistan Engage in Another Conflict over Kashmir India and Pakistan are once again squaring off over the disputed region of Kashmir. It began with the suicide attack in Indian-ad...Read More
Assays are back for the first 21 holes of a 61-hole drill program completed at Monarques Gold Corp.'s (TSX: MQR; US-OTC: MRQFR) McKenzie Break project and have extended the deposit laterally and at depth.The best intercept from the project, 35 km north of Val-d'Or, Quebec, was 61.20 grams gold over 2.6 metres starting from 254.8 metres downhole, including 265 grams gold over 0.6 metres in drill ho...Read More
XON recently overtook its 50-day moving averageBiotechnology name Intrexon Corp (NASDAQ:XON) is slated to report fourth-quarter earnings after the market closes this afternoon. Below we will dive into the stock's chart performance, and look at what the options market is pricing in for XON for tomorrow's trading. Ahead of the report, XON is down 3.7% at $7.97, though it remains comfortably above...Read More
Martha Stewart will advise the company on its pot productsThe shares of Sequential Brands Group Inc (NASDAQ:SQBG) are soaring today, after the apparel and lifestyle concern announcedit would be partnering with Canopy Growth (CGC) to develop a line of CBD-based products. Martha Stewart, whose consumer brand is owned by Sequential, was named as an advisor in developing the new line for animals and h...Read More
We have published two articles on gold on this website during the past half year. The first concluded on November 1st, 2018 that gold appears to be an attractive investment during the next few years. Subsequently, we argued that gold is likely to confirm a cyclical trend reversal and continue its rally to the upside. Our assessment proved correct as the US Dollar price of gold increased over the c...Read More
The major indexes are heading toward February gains, thoughThe Dow Jones Industrial Average (DJI) is marginally lower at midday, heading toward its third straight loss. The downside is being held in check by a better-than-expected fourth-quarter gross domestic product (GDP) reading, though. The S&P 500 Index (SPX) is also on track for a third straight loss, as weak earnings from Booking Holdings...Read More
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Para Resources Inc. (the "Company" or "Para") is pleased to announce the successful re-start of the Gold Road mill and CIL plant. Low-grade inventory is being used for the initial feed in order to properly balance the system. Higher grade production from current mining faces will be fed to the plant once steady state conditions are achieved, expected within several weeks. The full circuit, includi...Read More
A short squeeze could propel the shares even higherShares of T2 Biosystems Inc (NASDAQ:TTOO) are surging this morning, after the Food & Drug Administration (FDA) granted a "Breakthrough Device" designation for the company's gene diagnostic panel. At last check, TTOO is 29% higher at $4.86, pacing for its best session ever.Analysts have been swift to voice their opinions on the FDA decision, with...Read More
The shares gapped lower after Morgan Stanley cut to "underweight"Electronic medical records provider Cerner Corporation (NASDAQ:CERN) was slapped with a downgrade to "underweight" from "equal weight" at Morgan Stanley, which cited challenging long-term growth prospects. The brokerage firm also sliced its price target on CERN shares to $47 from $68 -- representing expected downside of 17.5% from We...Read More
L Brands reported a fourth-quarter earnings beat on in-line revenueThe shares of L Brands Inc (NYSE:LB) are down 6.4% at $25.64 in early trading, after the retailer reported weak fourth-quarter Victoria's Secret sales and a 2019 profit forecast that fell short of analysts' expectations -- offsetting a quarterly earnings beat and in-line revenue. The equity is now headed for its third straight loss...Read More
The brokerage firm thinks skepticism toward Tesla is overblownIt's been a busy news cycle for Tesla Inc (NASDAQ:TSLA). Following Tuesday's headline the Securities and Exchange Commission (SEC) asked CEO Elon Musk be held in contempt for his tweets, the head of the electric car concern tweeted yesterday about "Some Tesla news" that will be unveiled at 5 p.m. EST today. And earlier, TSLA stock recei...Read More
After a 3-month rally, gold could use a brief "pause that refreshes".It looks like the metal may get this needed relief in coming days.Gold's larger recovery trend should remain fully intact, however.For the first time in several weeks, gold is starting to show signs of vulnerability as a key short-term trend line is being tested. This is despite recent weakness in the U.S. dollar, w...Read More
RKDA has doubled in the last two monthsThe cannabis industry continues to infiltrate other sectors, and next up appears to be biotechs. The shares of Arcadia Biosciences Inc (NASDAQ:RKDA) are up a whopping 52.8% in electronic trading, after the company announced a new cannabis-focused business unit. Arcadia Specialty Genomics (ASG) will focus on the hemp market, with an eye toward "improved plant...Read More
The summit in Vietnam ended without an agreement Dow Jones Industrial Average (DJI) futures are marginally lower again today, after a summit betweenU.S. and North Korea leaders prematurely ended without an agreement -- or plans for a third summit -- in sight. Traders are also digesting better-than-expected fourth-quarter gross domestic product (GDP) data, with GDP rising 2.6%, compared to the 2.2%...Read More