ETSY is having a monster sessionEtsy Inc (NASDAQ:ETSY) is having a huge day on the charts, and call trading is surging as a result. Call volume is set to hit a 52-week high, with four times as many crossing compared to their put counterparts. New positions are opening at the February 60 and 65 calls, the most popular contracts today. Anyone buying to open positions here is wagering on ETSY stock p...Read More
Newfoundland-headquartered gold junior Aurion Resources' (TSX-V: AU) stock soared over 27% on Tuesday after reporting new high-grade assay results from drilling at the Aamurusko prospect on its Risti project in northern Finland.Two of the first three drillholes intersected high-grade gold mineralization near surface, with 42.28 g/t Au over 4.00 m intersected in one drillhole and 24.50 g/t Au o...Read More
In December President Trump pounded out a tweet that raised a lot of eyebrows in the Twitterverse. It had to do with America's defense spending, perceived by Trump to be much too high. He wrote:Didn't Trump campaign on a stronger military, to crack down on ISIS? To make America safer again? He did, and so the head-scratching began. It was especially odd considering that Trump signed off on a HUGE...Read More
Wells Fargo stock has encountered multi-layered resistance latelyFinancial firm Wells Fargo (NYSE:WFC) rallied off its late-December multi-year lows only to run into a ceiling at the round $50 mark -- a previous level of support throughout most of 2017 and 2018. This region is also home to WFC's 80-day moving average, and resistance could further be reinforced by a heavy accumulation of call open...Read More
Amyris disclosed a cannabinoid partnershipBiotechnology stock Amyris Inc (NASDAQ:AMRS) is near the top of the Nasdaq today, after the company announced a big weed deal. Specifically, Amyrissaid it's partnering with an undisclosed party in a cannabinoid development, licensing, and commercialization plan valued at as much a $255 million. AMRN stock was up 39.1% at $4.40, at last check, and is pacing...Read More
• Over the past 24-hours or so, the precious metal has been oscillating in a narrow range and consolidating the overnight bearish break through confluence support. • The mentioned region - comprising of 100-hour SMA and 23.6% Fibo. level of the $1277-$1326 recent upsurge, might now act as a key pivotal point for short-term traders. ...Read More
The Nasdaq is higher despite a down day from Alphabet (GOOGL)The Dow Jones Industrial Average (DJI) is confidently higher at midday, up triple digits thanks to a fresh batch of upbeat corporate earnings.The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are firmly in the black, too, with the latter shaking off rising cost concerns from Google parent Alphabet (GOOGL). Investors are also gearin...Read More
The S&P sank in the days after last year's speechSo far it's been a solid year for U.S. stocks, with the Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC) just wrapping up impressive six-week win streaks. While we're now in the thick of earnings seasons, investors tonight will be focusing in on President Donald Trump's second State of the Union speech. Some traders may use the occasi...Read More
It comes at a time when political tensions in Venezuela are reaching boiling point, with the oil-rich, but cash-poor, country in the midst of the Western Hemisphere's worst humanitarian crisis in recent memory.In a statement published Monday, 11 of the 14 members of the Lima Group called for world powers to "take measures to prevent the Maduro regime ... from doing business in oil, gold and other...Read More
Zambia has received bids from Canada's First Quantum Minerals (FQM) and others for a 17 percent stake in state mining investment arm ZCCM-IH, the finance minister said on Tuesday."There are multiple unsolicited offers on the table, including from FQM, which are based on preferential share conversions," said Margaret Mwanakatwe on the sidelines of a mining conference in Cape Town."The offers rela...Read More
MRK stock is eyeing its best win streak in at least a yearMerck & Co, Inc. (NYSE:MRK) is trying to extend its hot streak today, trading up 1.7% early on at $78.16, setting it up for a sixth straight daily win -- its best in at least a year. Traders are responding to a note out of BofA-Merrill Lynch that named MRK stock as the firm's top pick out of the pharma sector. The analyst note predicted mor...Read More
The makeup company also upped its full-year guidanceThe shares of Estee Lauder Companies Inc (NYSE:EL) are up 11.8% at $152.21, after the cosmetics concern reported fiscal second-quarter earnings that beat analysts' expectations. The company said growing revenue in the Asia-Pacific region, as well as strong holiday sales, were catalysts for the earnings surprise. As a result, Estee Lauder lifted i...Read More
Deutsche Bank sees increasing competition from store brandsThe shares of Kraft Heinz Co (NASDAQ:KHC) are 0.4% lower to trade at $47.53 this morning, after Deutsche Bank downgraded the food concern to "hold" from "buy," while trimming its price target to $52 from $58. The analyst in coverage noted that increased efforts from store brands have taken a share of Kraft Heinz's major categories. Kraf...Read More
Elevated stock market valuations, reduced liquidity support by central banks and increased risk of recession are not a good mix for equity investors.Retail investors are entering the market at an increasing rate, while some of the best fund managers are doing exactly the opposite.Pension funds might pose one of the biggest systemic risks to the financial system.Counter-intuitive to the riskier env...Read More
The State of the Union will be in focus tonightU.S. stock futures are modestly higher this morning, though the Nasdaq-100 Index (NDX) is lagging its peers amid concerns about rising costs for Google parent Alphabet (GOOGL) after last night's quarterly report. Dow Jones Industrial Average (DJI) futures are trading above fair value ahead of earnings from blue chip Walt Disney (DIS) tonight, and trad...Read More
• A modest USD uptick keeps a lid on the attempted recovery move. • Fading safe-haven demand further collaborates towards capping gains. Gold surrendered a major part of its early modest gains and is currently placed in the neutral territory, around the 1313-12 region. The precious metal did attempt to build on the previous session's late rebound...Read More
How you can transform lagging indicators into leading indicators.Despite the strong January kick-start to 2019, many investors are still apprehensive of what's to come, especially considering some of the latest market-moving events -- think Fed policy announcements, U.S.-China trade negotiations, and earnings season, to start.While it's certainly no crystal ball, becoming familiar with the various...Read More
(Corrects reference to iron ore production in paragraphs 7 & 9) * April-Dec net profit grows 6 pct y/y to record 442 bln yen * Books impairment losses on Olam, Chilean iron ore mines * Keeps full-year profit forecast of record 640 bln yen By Yuka ObayashiTOKYO, Feb 5 (Reuters) - Japan's biggest trading houseMitsubishi Corp on Tuesday posted a 6 percent rise inits April-December net profit than...Read More
* Vale ordered to shut iron ore tailings dams in Brazil * Vale produces most of its nickel outside Brazil * Analysts say nickel's gains on Vale disaster overdone (Adds closing prices)By Maytaal AngelLONDON, Feb 5 (Reuters) - Nickel prices fell on Tuesday astraders took profits after betting the metal up to four-monthhighs in the previous session on concerns that Brazilian minerVale could be forced...Read More
Lara Exploration (TSXV: LRA) announced this week that it signed a Definitive Agreement granting Capstone Mining (TSX:CS) an exclusive option to earn up to a 70% interest in the Planalto copper project, located in the Caraj??s province in northern Brazil.In a press release, the companies stated that under the terms of the agreement, Capstone has to pay Lara $200,000 following the receipt of a drill...Read More