If, as they say, it is darkest just before the dawn, then surely for gold at least, the sun must be cresting the horizon now ? After seven disappointing years - in US dollars at least - it is hard to shake off some scepticism. That said, gold is showing vigour in no less than 72 currencies where it is at or close to an all-time high. Looking ahead - it is our view that gold is currently firing on...Read More
These two stocks have been volatile after earnings in recent yearsMeal delivery firm GrubHub Inc (NYSE:GRUB) is scheduled to report earnings before the open tomorrow, Feb. 7, while travel expert Expedia Group Inc (NASDAQ:EXPE) will reveal its quarterly report after the close tomorrow. Ahead of the events, options traders are betting on double-digit swings from shares of both GRUB and EXPE. Startin...Read More
GM and CPRI are two post-earnings gainers todayThe Dow Jones Industrial Average (DJI) is struggling for direction at midday, with the blue-chip index pacing toward its first loss in four days.The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are in the red, too, with the former on track to snap its five-day winning streak, and a tech sector pullback weighing on the latter. Investors are also...Read More
TWTR stock tends to make big moves after earningsWith Twitter Inc (NYSE:TWTR) set to report fourth-quarter earnings ahead of open tomorrow, Feb. 7, call volume is accelerated on the social media stock today. At last check, around 40,000 calls have traded on TWTR stock -- two times what's typically seen at this point -- with the weekly 2/8 options series in focus.More specifically, the weekly 2/8 3...Read More
Saudi Arabia will invest around $3.8 billion to enhance access to geoscience data and reduce regulatory red tape as it looks to boost mineral exploration, senior government officials said on Wednesday.Government plans to jump-start the Saudi mining sector form part of a broader industrial strategy aimed at diversifying the economy and attracting private-sector investments worth 1.6 trillion riyals...Read More
This is shaping up to be the worst day in roughly a decade for EA and TTWOVideo game stocks are getting trounced this morning, after two industry giants faltered in the earnings confessional. First, there's Take-Two Interactive Software, Inc. (NASDAQ: TTWO), down 13.4% to trade at $92.93 after reporting weaker-than-expected fiscal third-quarter earnings, even as revenue topped expectations. The...Read More
Humana reported fourth-quarter earnings and revenue that beat analysts' expectationsThe shares of Humana Inc (NYSE:HUM) were up in pre-market trading, after the health insurance concern announced fourth-quarter profit and revenue that beat analysts' expectations, thanks to growth in Medicare Advantage plans. However, they quickly reversed course, now down 3.3% at $293.26, after the company's ch...Read More
MGNX has more than doubled todayMacroGenics Inc (NASDAQ:MGNX) is blowing up today, skyrocketing 172% to trade at $30.21. The monster move is a result of a positive late-stage trial update for the company's breast cancer treatment, Margetuximab. This price action puts the stock back near its 52-week high of $32.74 from 11 months ago, and comes just two days after the shares touched an all-time low...Read More
Snap is headed toward its best day in almost a yearThe shares of Snap Inc (NYSE:SNAP) have surged 25.5% out of the gate to trade at $8.82. Fueling the upside is the Snapchat parent's impressive earnings report, as well as a round of bullish brokerage notes. As such, SNAP stock is set for its best day since Feb. 7, 2018, when it jumped 47.6% in a single session. For the fourth quarter, Snap unveile...Read More
General Motors is also set to gain after earningsU.S. stock futures are pointing to a slightly lower open this morning after President Donald Trump's State of the Union address last night. Traders will also be digesting another important dose of quarterly earnings reports, including well-received results from Walt Disney (DIS) and General Motors (GM). Elsewhere, Treasury Secretary Steven Mnuchin c...Read More
Digging into the RSI for the S&P 500The S&P 500 Index (SPX) has been ripping higher since Christmas, gaining 15% since then. The index just had its best month since October 2015, and its best January since 1987. As a result of these gains, the Relative Strength Indicator (RSI)is getting close to overbought territory. The RSI is a popular overbought/oversold indicator. It's an oscillator that range...Read More
Shares in Calidus Resources (ASX:CAI) soared 25% Wednesday after the company increased the mineral resource at its Warrawoona gold project in Western Australia's Pilbara region by a whopping 75%.The new mineral resource estimate now sits at 21.2 million tonnes grading 1.83g/t gold for 1.25 million ounces.About 64% of the new resources is in the confident indicated category status, with the higher-...Read More
Shares in Calidus Resources (ASX:CAI) soared 25% Wednesday after the company increased the mineral resource at its Warrawoona gold project in Western Australia's Pilbara region by a whopping 75%.The new mineral resource estimate now sits at 21.2 million tonnes grading 1.83g/t gold for 1.25 million ounces.About 64% of the new resources is in the confident indicated category status, with the higher-...Read More
* Vale supply concerns boost nickel * LME nickel stocks down* GRAPHIC-2019 asset returns: (Adds closing prices, updates positions)By Zandi ShabalalaLONDON, Feb 6 (Reuters) - Nickel hit its highest in morethan four months on Wednesday on concerns that a force majeureby Brazil's Vale on some iron ore contracts could lead torestrictions in its nickel supply.Benchmark nickel on the London Metal Exchan...Read More
The Australian Bureau of Statistics issued a report this week that shows that the country's mining sector set a new record for exports in 2018."Australia's resources exports - including minerals, metals and petroleum - generated $248 billion in revenue. This is the highest-ever annual export value and accounted for 72 per cent of Australia's goods exports," the Minerals Council of Australia said i...Read More
A hidden gem trading under a secret name could be the key to retirement riches.Picture theperfectstock for a moment.What would it look like?No doubt it would have hundreds of billions in revenue - more than tech giants like IBM, Facebook and Google.It would probably be a leader in cutting-edge technology like smartphones, robotics, e-commerce and medical equipment.It would have tens of thousands o...Read More
Goldman Sachs Inc. (GS) executives are discussing making cuts to its commodities trading desk, once one of the investment bank's largest sources of revenue, according to a Wall Street Journal report Tuesday. Goldman will execute the cuts after a months-long review process that revealed the division burned through too much capital for too little profit. The cuts to the commodities des...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average was higher ahead of Donald Trump's State of the Union address Tuesday evening.Alphabet Inc. (GOOGL) beat fourth-quarter analysts' estimates for earnings and revenue but the stock rose 1.16% amid investor concern over rising costs in some of the company's growth businesses.Estee Lauder Cos....Read More
The Tuesday Market Minute Global stocks edge higher, taking the MSCI World index to a two-month high, as U.S economic data and corporate earnings offset concerns over China trade talks.Fed Chair Powell meets with President Donald Trump, statement stresses data dependence on rate moves.BP shares jump 4%, leading European energy stocks higher, after stronger-than-expected fourth quarter earnings a...Read More
By: Craig Hemke, TF MetalsIt has been a few weeks since we focused on palladium... and the last three weeks have been eventful for our new friend. He's been punched lower, but has crawled up off the mat each time. And now he appears ready to make another batch of new all-time highs.If you've been following along, then you'll recall that Mr. Palladium became our new friend back in the late summer...Read More