Shares of Micron Technology, Inc. (NASDAQ:MU) are up 2.2% in electronic trading, after Susquehanna raised its price target on the chip stock to $60 from $54 -- representing expected upside of 39% to last night's close at $43.20, and sitting in territory not charted since September 2000. The brokerage firm also raised its fiscal 2018 profit estimate ahead of the company's fiscal first-quarter earni...Read More
It's shaping up to be another big day on Wall Street, with stock futures broadly trading above fair value. Investors this morning are reacting to the nonfarm payrolls report for November, which revealed an increase of 228,000 jobs, topping estimates of 200,000. However, wage growth for the period disappointed. Traders should stay focused on the economic schedule, too, since the University of Michi...Read More
LONDON, 8 December 2017 - Finance professionals' magazine FT Adviser today reports BullionVault data and analysis alongside comment on crypto-currency Bitcoin from leading UK investment managers.Quoting ?2.3bn manager Richard Buxton at Old Mutual and Neil Woodford of the ?8.1bn Woodford Equity Income fund, "Adrian Ash, director of research at BullionVault, said demand for gold is at a multi-year...Read More
LONDON, 8 December 2017 - Data and analysis from BullionVault are quoted today by Japan's leading financial newspaper, the Nikkei.Introducing the London-based service as a major online gold investment company, today's edition of the Nikkei reports that the number of new first-time gold investors fell in November to its lowest monthly level since December 2015.Over the last 12 months, the number of...Read More
The Dow Jones Industrial Average (DJIA) finished higher today, climbing more than 120 points at its session peak, before settling with a more modest gain. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) also closed in the black, thanks to a continued rebound from tech stocks, snapping the SPX's longest losing streak in nine months. Markets continue to eye Washington, D.C., for any clues abo...Read More
U.S. stocks are trading higher, thanks to outperforming tech stocks. Among the names making big moves are burger chain Shake Shack Inc (NYSE:SHAK), semiconductor company Lam Research Corporation (NASDAQ:LRCX), and retail giant Sears Holdings Corp (NASDAQ:SHLD). Here's a quick look at what's moving shares of SHAK, LRCX, and SHLD.SHAK Shorts Feeling the Squeeze Shares of Shake Shack are soaring a...Read More
While tech stocks are leading the charge higher today, last week things went a bit topsy-turvy, as one of the best sectors of 2017 took a spill. Not only did it send up an alarm that sounded before the dot-com bubble burst, but Nasdaq-100 Index (NDX) buying climaxes spiked to the highest in nearly six months. Below, we'll take a look at tech-sector performance after these signals, and how stocks c...Read More
Shares of Overstock.com Inc (NASDAQ:OSTK) are soaring today, as bitcoin surges past the $16,000 level. This isn't the first time the retail stock has gotten a lift from the cryptocurrency, with OSTK gapping higher throughout September and October on news the company's subsidiary tZERO, would start a digital coin exchange. The retailer also accepts bitcoin payments. At last check, the equity was up...Read More
Bank stocks are poised for a December to remember, thanks to lawmakers' progress on a business-friendly Republican tax plan and an expected Fed rate hike next week. Within the sector, Citigroup Inc (NYSE:C) looks particularly compelling, as the shares embark on their latest rally from a historically significant moving average -- and test their footing at a major "round-number" level. Citigroup st...Read More
U.S. stocks are trading higher this afternoon, with the Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) erasing early losses, and the Nasdaq Composite (IXIC) outperforming, thanks to rising tech stocks. Along with bitcoin's surge to record highs, traders are keeping an eye on Washington, D.C., with President Trump expected to meet with congressional leaders from both parties to preve...Read More
Subscribers to Schaeffer's Weekend Trader Series service recently banked a quick 104% profit on our Kroger Co (NYSE:KR) April 20, 2018 21-strike call recommendation. Here's a closer look at why we became bullish on KR stock, and how the options trade we recommended on Sunday, Nov. 19, unfolded.There is no denying that Kroger has had a tough year on the charts, with a number of grocery stocks takin...Read More
There are only a few weeks left in the calendar year, and the United States Oil Fund (USO) is running out of opportunities to stake its claim in positive ground for 2017. The fund's 2016 closing price of $11.72 wasn't surmounted on a weekly closing basis until as recently as Friday, Nov. 24 -- and last Friday's afternoon sell-off in equities effectively dashed USO's valiant morning attempt to stri...Read More
All eyes next week will be on the Federal Open Market Commmittee's (FOMC) December meeting, which begins on Tuesday, and the central bank is widely expected to raise interest rates. Following the Fed's policy announcement on Wednesday, outgoing Fed Chair Janet Yellen will give a press conference. And while the earnings schedule is very thin, reports from software firm Oracle Corporation (NYSE:ORCL...Read More
Shares of SAGE Therapeutics Inc (NASDAQ:SAGE) shot to a record high of $169.58 out of the gate, and were last seen trading up 68.6% at $154.77. For the second time in a month, the biotech reported successful trial results for one of its depression drugs, this time announcing that 64% of patients using its major depressive disorder (MDD) treatment entered remission 15 days in. On Nov. 9, SAGE Thera...Read More
Analysts at MKM Partners, J.P. Morgan Securities, and Cowen weighed in a trio of online travel stocks this morning: Expedia Inc (NASDAQ:EXPE), Priceline Group Inc (NASDAQ:PLCN), and Ctrip.com International Ltd (NASDAQ:CTRP). Below, we'll take a look at EXPE, PCLN, and CTRP stocks, which have been struggling in recent months.MKM Sees New Lows for EXPE StockMKM Partners downgraded Expedia stock to...Read More
Shares of athletic apparel brand Lululemon Athletica Inc. (NASDAQ:LULU) are soaring today after the retailer reported a third-quarter earnings and revenue beat, andreceived one upgrade and no fewer than 15 price-target raises in response. LULU's singular upgrade to "hold" came from Canaccord Genuity -- just days after the brokerage firm backed its "sell" rating -- while the highest new price targ...Read More
A little more than a month after delivering a disappointing third-quarter miss, AK Steel Holding Corporation (NYSE:AKS) received some favorable news earlier this week, with the U.S. Commerce Department issuing a preliminary ruling that steel products from Vietnam that are made with Chinese substrate will face import duties. Upbeat analysts are chiming in, with the steel stock scoring a key upgrade...Read More
U.S. stock futures are mixed this morning, as traders keep a close eye on Washington, D.C., where President Donald Trump is expected to meet with congressional leaders from both the Democratic and Republican parties to discuss a potential government shutdown. Tax reform is also in focus, after Senate Republicans on Wednesday voted to send the bill to a conference committee with the House to hash o...Read More
LONDON, 7 December 2017 - UK personal finance magazine MoneyWise today cites BullionVault's Gold Investor Index in a report on how crypto-currency Bitcoin may be denting demand for gold."Whether or not Bitcoin ever achieves common use as money, the cryptocurrency plainly offers investors a hot speculation and not a safe haven right now," the magazine quotes Adrian Ash, director of research at Bull...Read More
Calgary, Alberta (December 7, 2017) - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) announced that, further to its news release date November 23, 2017, it has closed the acquisition of Scion Mines S.A. de C.V. ("Scion.") (the "Acquisition") and now indirectly owns a 100% interest in the Manto Negro Copper Project.Description of the TransactionP...Read More