The stock just pulled back to a trendline with bullish implicationsFew stocks have had as rough a start to February as Innoviva Inc (NASDAQ:INVA). The pharma name shed 17.3% last week alone, and has extended those struggles to this week. However, this pullback, if history is any guide, could present a buying opportunity for INVA bulls. More specifically, Innoviva stock is now trading within one...Read More
Toronto's Troilus Gold Corp. is launching a 40,000-metre drill program at its 100% owned Troilus gold property near Chibougamau. Two phases are planned to de-risk and expand on the current resource report last November.Last year Troilus offered a resource estimate for both open pit and underground mineralization. There were 121.7 million indicated tonnes averaging 0.87 g/t gold and 0.086% copper,...Read More
Wallbridge Mining of Toronto says it has recovered more than 13,300 oz. of gold so far from the 35,000-tonne bulk sample and underground exploration at the Fenelon property. The project is located 75 km northwest of Matagami.The ore is being processed at the Camflo mill belonging to Monarques Gold. The first 25,000 tonnes of material had an average grade of 17.34 g/t gold. It was treated in fou...Read More
Gold futures suffered a fifth consecutive loss on Thursday, with overall strength in the U.S. dollar prompting the metal to post its longest streak of declines since June 2017. However, risk-off sentiment, on the back of a selloff in U.S. and European stocks, capped losses for haven gold. Gold for April delivery GCJ9, +0.30% fell 20 cents to settle at $1,314.20 an ounce. It was down a fifth strai...Read More
Upbeat earnings could result in price-target hikes for CLFCleveland-Cliffs Inc (NYSE:CLF) will release its fourth-quarter earnings report before the opening bell tomorrow, Feb. 8, and the shares will be looking to extend their strong start for 2019. That is, the mining concern sports a year-to-date lead of 43.4%, last seen at $11.08, and earlier today touched its highest point since early November...Read More
Plus, 40 stocks with extreme SOIR readings right nowA number of indicators are used at Schaeffer's to assess the temperature of a stock, and to better understand trader sentiment. One of the more ubiquitous indicators is the Schaeffer's put/call open interest ratio, or the SOIR, which measures a stock's short-term open interest and can be used to gauge near-term option traders' expectations. What...Read More
Gainey Capital's first pass sampling at its newly-optioned Las Margaritas gold project in Durango, Mexico has sampled up to 40 grams gold per tonne and confirmed the project's previously reported 1.5-1.6 km strike length. Peter Megaw leads the company's exploration team.The company took 42 samples at Las Margaritas, including chip samples from old pits, chip-channel samples from exposed veins an...Read More
Blue-chips Cisco Systems and Coca-Cola will report earningsEarnings season is continuing with gusto, as Dow names Cisco Systems (CSCO) and Coca-Cola (KO) step up to the plate next week. We'll also hear from semiconductor firms Nvidia (NVDA) and Applied Materials (AMAT). Plus, investors will digest a round of inflation data, while several Fed speakers will take the mic. U.S.-China trade relations...Read More
The brokerage firm is optimistic about the company's Bivigam prospectsThe shares ofbiopharmaceutical concern ADMA Biologics Inc (NASDAQ:ADMA) are higher this afternoon, after analysts at H.C. Wainwright launched coverage with a "buy" rating, waxing optimistic on the company's Bivigam prospects. Specifically, the analyst thinks the drug -- rejected for relaunch by the Food and Drug Administration (...Read More
Oil prices are pulling back todayThe Dow Jones Industrial Average (DJI) is sharply lower at midday. Global economic concerns initially sent the index down triple digits, and losses were exacerbated after White House economic advisor Larry Kudlow told Fox Business there is "sizable difference" between the U.S. and China on any sort of trade deal. Additionally, a CNBC report suggested a meeting bet...Read More
It's already been a wild day on the charts for Turtle Beach stockThe shares of video game headset maker Turtle Beach Corp (NASDAQ:HEAR) made a big move out of the gate today, after the company told investors it's expecting to report strong results for the fourth quarter and 2018 as a whole. In the release, CEO Juergen Stark cited growing market share in North America as one reason for the success....Read More
Latest dollar rally threatens to undermine gold's currency component.A temporary pullback in the gold price is overdue and probably needed.Record central bank demand, however, will keep gold's recovery intact.The last few months have been extremely rewarding for gold investors. The gold price gained 10% from its August 2018 lows and with hardly a pullback along the way. After this impressi...Read More
An India state will give gold worth about $530 to every bride from a poor family, the latest budget giveaway ahead of a general election that must be held by May.The northeastern state of Assam is run by Prime Minister Narendra Modi's Hindu nationalist Bharatiya Janata Party (BJP), which is facing a battle for re-election because of low farm incomes and a lack of jobs that have turned off some of...Read More
The company just posted a profit for the first time in five quartersThe shares of GoPro Inc (NASDAQ:GPRO) are up 2.4% at $5.27 in early market trading, after the company announced fourth-quarter earnings and revenue that beat analysts' expectations. This is the first time in five quarters that the company has reported a profit, and CEO Nicholas Woodman said, "With this momentum and a continued foc...Read More
Canada's Trilogy Metals (TSX, NYSE: TMQ) is upping the exploration budget for its projects in Northwest Alaska, after its partner Australia's South32 (ASX, LON:S32) agreed to equally fund a program along the Ambler volcanogenic massive sulphide (VMS) belt.Each company will contribute an additional $1 million for exploration at the Upper Kobuk Mineral Projects (UKMP), in addition to the $18....Read More
At least a dozen price-target hikes have been issued already to CMGThe shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) are up 10% to trade at $578.98, and nabbed a three-year high of $580 out of the gate. The burrito chain reported fourth-quarter adjusted earnings of $1.72 cents per share -- smashing the average estimate of $1.37-- while revenue of $1.20 billion also topped the $1.19 billion f...Read More
• The USD climbs to two-week tops and keeps exerting downward pressure. • US-China trade optimism further dampens the metal’s safe-haven demand. • Worries over slowing global economic growth might help limit deeper losses. Gold held on to its weaker tone through the early European trading session, albeit has managed to rec...Read More
GM, meanwhile, continues to get praise from Wall StreetFiat Chrysler Automobiles NV (NYSE:FCAU) is down 11.5% before the open, as a downbeat 2019 forecast overshadows a seemingly strong fourth-quarter report. There has yet to be any notable updates from the analyst community following the automaker's quarterly report, but FCAU should be wary of future bear notes. The shares were already down 24%...Read More
GOLD So last night we broke my key 1308 level and therefore I cut my long Gold position...I still think Gold is a buy at lower levels...but it was obviously a turning point for me was the break of 1308...Now what...well the market has eased its overbought conditions that we saw up at 1326...and now we are at neutral levels...although still currently pointing lower... We do have support in the 1032...Read More
President Nicolas Maduro blew through more than 40 percent of Venezuela's gold reserves last year in a desperate bid to fund government programs and pay millions to bondholders.The government sold a total of 73 tons of gold to two firms in the United Arab Emirates and another in Turkey, opposition lawmaker Carlos Paparoni told reporters in Caracas on Wednesday. That drained reserves to about 110 t...Read More