Wednesday's trading session was virtually flat, as investors hesitated following the recent run-up. Will the broad stock market continue higher despite some clear short-term technical overbought conditions?The U.S. stock market indexes were mixed between 0.0% and +0.2% on Wednesday, as investors sentiment remained bullish despite some clear short-term technical overbought conditions. The S&P 5...Read More
The passage of Bill C-45 could be a signal to early investors that pot stocks are ready to pop.With Bill C-45 now in effect, it's possible that in the very near future, investors may be seeing stock market gains that will never be seen again. This is a sentiment echoed by The New York Times, which reported that when this bill passes as expected, it will "completely legalize marijuana as a consu...Read More
After 18 months of drilling at its Golden Hill exploration project in southwestern Burkina Faso, Teranga Gold (TSX: TGZ; US-OTC: TGCDF) has completed a maiden resource estimate.The plan is to build on the resource and advance the project through a preliminary economic assessment and into the feasibility stage of development.Golden Hill contains 415,000 ounces of gold in 6.40 million indicated tonn...Read More
Barsele Minerals (TSXV: BME; US-OTC: BRSLF) has tabled an updated resource estimate for its Barsele gold project in northern Sweden totaling 5.5 million indicated tonnes grading 1.81 grams gold per tonne for 324,000 oz. gold and 25.4 million inferred tonnes at 2.54 grams gold for 2.08 million oz. gold.The resource is split between pit constrained, bulk underground and selective underground mining...Read More
Home Depot and Macy's are just two of the retailers reporting earningsThe last week of February will be jam-packed with virtually everything Wall Street has to offer. There's important economic data to digest, like the latest fourth-quarter gross domestic product (GDP) estimate, and several Fed speakers will take the mic, including Fed Chair Jerome Powell, who will give his semi-annual testimony b...Read More
Existing home sales hit a three-year low in JanuaryThe Dow Jones Industrial Average (DJI) is pulling back today, down triple digits amid pressure from Johnson & Johnson (JNJ) and a round of dismal economic data. Among the onslaught of data points are existing home sales, which plunged to a three-year low in January, and the IHS Markit flash manufacturing purchasing managers index (PMI), which fe...Read More
The weekly 2/22 327.50-strike put is popular todayBiogen Inc (NASDAQ:BIIB) stock is sinking, after Stifel downgraded it to "hold" from "buy," and cut its price target by $51 to to $346. The brokerage firm expressed concern over BIIB's Alzheimer's drug after Roche Holding ended late-stage trials for similar treatments targeting beta-amyloid last month, as well as a patent review for its multiple sc...Read More
This news follows a damning Reuters report from DecemberThe shares of Johnson & Johnson (NYSE:JNJ) are down 1% at $135, at last check, after the consumer products giant said it received subpoenas from the U.S. Department of Justice and Securities Exchange Commission (SEC) in relation to litigation over alleged asbestos in its talc-based products, including its Baby Powder brand. This follows a dam...Read More
The pizza chain reported disappointing same-store sales growthThe shares of Domino's Pizza, Inc. (NYSE:DPZ) are down 9.5% at $252.13 in early trading, after the restaurant concern reported earnings and same-store sales growth that fell short of analysts' estimates. The company cited competition from both food delivery services and other pizza companies as reasons for the miss. Today, DPZ stock is...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD EXPANDS MOTHER LODE DEPOSIT TO THE EAST, WEST AND AT DEPTH BELOW PIT BOTTOM WITH THICK OXIDE MINERALIZATION TO DEPTHCorvus Gold Inc. has received results from eight holes targeting the eastern, western and below-pit-bottom resource expansion potential at the Mother Lode deposit in Nevada (please see attached table).Results continue to show high potential for...Read More
* AMCU extends Sibanye gold strike to platinum* AngloGold, Lonmin, Harmony, Amplats served union strike notices* Lonmin shares down (Adds other firms, Sibanye comment, detail)Workers led by South Africa's Association of Mineworkers and Construction Union (AMCU) plan to down tools at gold and platinum mines next week in support of colleagues at Sibanye-Stillwater who are striking over wages and job...Read More
FL stock is signaling a positive start todayAhead of its fourth-quarter earnings report, due before the market opens next Friday, March 1, Foot Locker, Inc. (NYSE:FL) unveiled its 2019 capital allocation plans, which include a 10% quarterly dividend hike and a $1.2 billion share buyback plan. In reaction, FL is trading up 2.3% ahead of the bell -- set to open in territory not seen since May 2017,...Read More
Gold miner Newmont Mining Corp beat analysts' estimates for quarterly profit on Thursday, boosted by higher gold production in its Colorado and Ghana mines and lower costs.The company is set to overtake Barrick Gold Corp as the world's largest gold producer following its acquisition of rival Goldcorp Inc, which is expected to close in the second quarter.Newmont's gold production rose nearly 8 perc...Read More
We're seeing mixed messages around EA's new "Anthem" gameIt's been an extremely volatile stretch for the shares of video game maker Electronic Arts Inc. (NASDAQ:EA), as they made a sharp rebound from their post-earnings lows near $80 earlier this month thanks to the exceptional reception around its "Apex Legends" game. By the numbers, the equity's 30-day historical volatility has moved up to 88.4%...Read More
Williamson is considered the biggest college star todayThe shares of Nike Inc (NYSE:NKE) are under pressure this morning, down 1.6% in electronic trading in the wake of a sneaker malfunction for the ages. Zion Williamson, the star freshman for Duke's basketball team and likely number one pick in the upcoming NBA draft, suffered a knee injury yesterday in a rivalry game against North Carolina, aft...Read More
Traders will also continue to monitor U.S.-China trade talksDow Jones Industrial Average (DJI) futures are slightly lower today, as Wall Street begins to digest an onslaught of economic data. So far, traders are reacting to the latest data on durable goods orders, with orders for core capital goods unexpectedly falling in December. In addition, the four-week moving average of weekly jobless claims...Read More
Canadian miners continued going down the slippery slope in the last three months of 2018 due mostly to weak commodity prices, triggered by a slowdown in China's economy near the end of the year, the latest report by Ernst & Young (EY) reveals.As a result, EY's Canadian Mining Eye index - which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mi...Read More
Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD INCREASES 2019 PRODUCTION GUIDANCE TO 920,000 - 1,000,000 OUNCES, FOSTERVILLE MINERAL RESERVES INCREASE 60% TO 2.7 MILLION OUNCES AT 31.0 G/TKirkland Lake Gold Ltd. has revised and increased its consolidated three-year production guidance and improved its unit cost guidance for 2019. The company also announced today mineral reserve and mineral resource...Read More
• The latest FOMC meeting minutes provided a lift to the USD and prompts some profit-taking. • Uncertainty over US-China trade talks underpins safe-haven demand and helped limit downfall. Gold finally broke down of its Asian session consolidation phase and was now seen extending the overnight retracement slide from 10-month tops. The latest...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