Goldman Sach's head of commodities research Jeff Currie does not expect an early recovery in long-cycle investment and therefore prices of industrial metals due to a structural decline in demand from China, but he is very bullish on the gold price.Speaking on Bloomberg Surveillance, Currie says gold will benefit from strong central bank buying and the wealth effect in India and China due to streng...Read More
Goldman Sach's head of commodities research Jeff Currie does not expect an early recovery in long-cycle investment and therefore prices of industrial metals due to a structural decline in demand from China, but he is very bullish on the gold price.Speaking on Bloomberg Surveillance, Currie says gold will benefit from strong central bank buying and the wealth effect in India and China due to streng...Read More
Lumina Gold Corp. (TSXV: LUM) (OTCQX: LMGDF) has announced additional drill results from the Cangrejos project in Ecuador, as well as initial drilling of the Gran Bestia exploration target to the northwest of the resource. "The addition of Gran Bestia to Cangrejos is significant and could substantially increase the scale of the current inferred mineral resource estimate of 8.5 million ounces of...Read More
Options traders could be betting on INTC recovering from a recent earnings dropIntel Corporation (NASDAQ:INTC) is in the headlines today thanks to rumors of a potential $6 billion buyout offer for fellow chipmaker Mellanox Technologies (MLNX) -- though, for what it's worth, Susquehanna said it doubts these rumors. With the shares of INTC last seen trading up 1.1% at $47.06, at least one group of o...Read More
GOLD Spot gold eased from new 8-month high at $1315, posted earlier today, as dollar rose on better than expected numbers of ADP private sector employment report.US private sector added 213K jobs in Jan vs 180K f/c and 273K, downward-revised figure in Dec.Stronger greenback slowed gold's bulls, which registered advance of 2.4% in past thee days, on renewed risk aversion ahead of continuation o...Read More
Gold futures marked their highest finish since mid-May on Wednesday, stretching their win streak to the longest in a month. Prices continued to move up in electronic trading after the Federal Reserve left interest-rates unchanged and said it would be "patient" on its next rate move. Shortly after the Fed decision, the most-active April gold contract GCJ9, +0.02% climbed to $1,321.40 an ounce in el...Read More
The brokerage firm thinks the shares can double from current levelsThe shares of Payment Data Systems, Inc. (NASDAQ:PYDS) are surging, after Barrington Research initiated coverage with an "outperform" rating and $5 price target -- a 123% premium to last night's close. The brokerage firm called PYDS "an undiscovered micro-cap stock with a disruptive technology application in the payment facilitator...Read More
AT&T's fourth quarter revenue missed estimatesStocks are confidently higher today, as investors await the latest Fed statement later today. Mining stock Cleveland-Cliffs Inc (NYSE:CLF) and pharma stock Eyenovia Inc (NASDAQ:EYEN) are soaring, while telecom giant AT&T (NYSE:T) is struggling. Below, we'll take a look at what's moving the shares of CLF, EYEN, and T.Soaring Iron Ore Prices Power CLF Su...Read More
A positive earnings reaction next week could lift the sharesJanuary has been kind to the stock market so far, with the S&P 500 Index (SPX) on pace for a monthly gain of more than 6% -- set for its best month since March 2016. What's more, February could be even kinder to a handful of SPX stocks, if recent history is any indicator. Below we outline the 25 best stocks to own in February, including A...Read More
Last quarter AMZN shed 7.8% the day after earningsAmazon.com, Inc. (NASDAQ:AMZN) will be reporting earnings after the close tomorrow, Jan. 31, and the stock will look to avoid a second straight post-earnings slide. For instance, the shares fell 7.8% the day after earnings last quarter, their largest single-day earnings loss in at least two years. In fact, AMZN hasn't moved lower the day after earn...Read More
Wall Street is still soaring on positive earnings reports from Boeing and AppleThe Dow Jones Industrial Average (DJI) is still skyrocketing on this morning's Apple (AAPL) and Boeing (BA) earnings wins, up more than 300 points. Looking ahead,Facebook (FB) and Microsoft (MSFT) are among the notables reporting after the bell -- both of which are up at midday. Meanwhile, ahead of Friday's January job...Read More
Retail stocks have rallied off their December lowsThe retail sector rallied hard off its December lows, as evidenced by a 15% rally in the SPDR S&P Retail ETF (XRT) from its Dec. 24 bottom. However, the rally over the past several weeks has a number of retail stocks trading near trendlines that have preceded a leg lower on the charts, including department store name Kohl's Corporation (NYSE:KSS) a...Read More
The Dow stock has pulled back to a trendline with bullish implicationsBlue chip Visa Inc (NYSE:V) takes its turn in the earnings confessional after the close tonight, hoping to follow in the footsteps of fellow Dow names Apple (AAPL) and Boeing (BA). Ahead of the credit card company's quarterly report, Visa is flashing a bullish signal, if past is precedent. More specifically, V is trading with...Read More
As the cryptocurrency space has evolved, adopters and endorsers have tried to frame bitcoin and other digital assets as credible stores of value and potential alternatives to traditional safe-haven assets - including precious metals. Over bitcoin's just over a decade of life, some market observers have compared the largest cryptocurrency by market value to gold, but some gold analysts see things...Read More
Many participants worry that gold's extended rally has maxed out.The recent abundance of geopolitical uncertainties suggests otherwise.Silver is also confirming gold's rally, which is a positive factor.Has gold overshot its near-term upside potential after its latest Brexit-inspired rally? While some analysts would answer in the affirmative, I would argue that there are still reasons for b...Read More
The shares are pacing for their worst day everThe shares of AC Immune SA (NASDAQ:ACIU) are down 68.3% at $3.40, after the company and partner Roche said they're halting late-stage trials of Alzheimer's drug crenezumab. The medical research concern said the drug would likely fail to meet its primary goal. ACIU stock is now plumbing new record lows -- dropping to $3.34 earlier -- and on pace for its...Read More
The chipmaker's Q4 profit was in-line with estimates, while revenue fell shortAdvanced Micro Devices, Inc. (NASDAQ:AMD) reported fourth-quarter adjusted profit of 8 cents per share -- in line with estimates -- while revenue of $1.42 billion fell just short of the forecast. However, the chipmaker said data center sales surged 8.5% in the three-month period to a record $986 million, and upped its 20...Read More
Venezuelan lawmaker Jose Guerra dropped a bombshell on Twitter Tuesday: The Russian Boeing 777 that had landed in Caracas the day before was there to spirit away 20 tons of gold from the vaults of the country's central bank.The claim set off a welter of social media speculation and outrage. When asked how he knew this, Guerra provided no evidence.Just another outlandish comment from a lawmaker try...Read More
A few simple tools can help anyone make smarter trades.It used to take years of practice and hours of research to consistently make winning trades in the stock market, but nowadaysfinding profitable trades shouldn't have to be a full-time job. In fact, trading like a pro can really be as easy as 1-2-3, with the right tools and technology!According to one company, there's a simple recipe that can...Read More
ZNGA has already added 14.5% in 2019The shares of Zynga Inc (NASDAQ:ZNGA) are up 1.8% to trade at $4.50 this morning, after Goldman Sachs initiated coverage on the game developer with a "buy" rating and $5.30 price target. This comes as Zynga prepares to report its fourth-quarter earnings next Wednesday, Feb. 6. Goldman's price target represents 20% upside from ZNGA's closing perch yesterday of...Read More