Broadcom is giving chip stocks a liftThe Dow Jones Industrial Average (DJI) is higher at midday, as investors continue to cheer encouraging U.S.-China trade updates. Chip stocks are also notably higher, thanks to strong earnings from Broadcom (AVGO), which has the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) well into positive territory. Meanwhile, the Cboe Volatility Index (VIX) -- or the st...Read More
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) reported 2018 income of $394.3 million-a 255.4% jump over 2017's $110.9 million-driven by an increase in gold production and sales from its Oyu Tologi copper-gold mine in Mongolia.Gold production surged 150% year-on-year to 285,000 ounces, while copper production of 159,100 tonnes marked a 1.1% increase over 2017. The income jump was driven by an inc...Read More
Silvercrest Metals (TSXV: SIL; NYSE: SILV) has upgraded the resource at its Las Chispas silver-gold property in Sonora, Mexico, to the indicated category for the first time.The project now contains 1 million indicated tonnes grading 6.98 grams per tonne gold and 710.6 grams silver, or 1,234 grams silver equivalent, for 224,900 oz. gold and 22.89 million oz. silver, or 39.8 million oz. silver equi...Read More
The FAANG stock has been range-bound since mid-JanuaryOnline powerhouse Amazon.com, Inc. (NASDAQ:AMZN) is up 1% at $1,702.88, after KeyBanc upgraded its coverage to "overweight" and initiated a price target of $2,100 -- a roughly 25% premium to Thursday's close, and in uncharted territory. The brokerage firm applauded "a number of operational moves to improve profitability in core retail," includ...Read More
The FDA just approved Arcadia's Sonova GLA safflower oil in cat foodThe shares of Arcadia Biosciences (NADSAQ:RKDA) are up 17.7% at $8.23 after the agricultural biotech company got approval from the Food and Drug Administration (FDA) to use its Sonova GLA safflower oil in cat food. The oil has been used in nutritional supplements for humans since 2009 and in dog food since last year. The stock is...Read More
Take advantage of the first amendment, and participate in a nation-wide poll.With the 2020 election growing ever closer, the country continues to be divided politically.From disputes about the appropriateness of displaying the Confederate flag, to rights for minorities, and the ever-growing concern about security at the U.S. border, the 2020 election promises to be contentious... if not the most c...Read More
A number of analysts have weighed in on ADBE this morningThe shares of Adobe Inc (NASDAQ:ADBE) are struggling today, down 5.2% to trade at $253.78, after the software company's current-quarter forecast came in below analyst estimates. The firm did, however, report fiscal first-quarter earnings and revenue that exceeded expectations, thanks to growth in its digital media business. Analysts have...Read More
The headset maker is headed toward its worst day since January 2018The shares of Turtle Beach Corp (NASDAQ:HEAR) are sinking this morning, after the headset maker said it expects current-quarter adjusted earnings to arrive below the consensus estimate. The company also said it was purchasing high-end computer accessories firm Roccat. This is offsetting fourth-quarter earnings and revenue beats, wi...Read More
RUSTENBURG - South Africa's labour court has rejected a request by the Association of Mineworkers and Construction Union (AMCU) to hold an industry-wide strike covering the platinum and gold sectors, Anglogold Ashanti, Anglo American Platinum and Lonmin said on Friday.AMCU has been on strike at Sibanye-Stillwater's gold operations since mid-November in a pay dispute. It wanted to extend the strike...Read More
New coverage was initiated on AMGN and GILDBrokerage firm BMO just began coverage on Amgen, Inc. (NASDAQ:AMGN) and Gilead Sciences, Inc. (NASDAQ:GILD), expecting major upside from both stocks. Let's take a closer look at the bull notes, along with other notable options data on AMGN and GILD shares. For AMGN, BMO issued an "outperform" rating and $228 price target. This represents all-time-high ter...Read More
The Brexit battle is helping to boost gold's near-term prospects.Euro and pound currency strength is stimulating overseas gold demand.U.S. dollar is also weakening, removing gold's biggest rally obstacle.After yet another setback for Britain's exit from the European Union, the euro currency has staged a rally in recent days. This has been extremely beneficial for the gold price, as we'll s...Read More
Today is quadruple witching FridayDow Jones Industrial Average (DJI) futures are more than 130 points above fair value this morning, thanks to encouraging U.S-China trade developments. More specifically, following yesterday's reports the two countries postponed a high-level trade meeting originally slated for later this month, Chinese Premier Li Keqiang expressed optimism that a deal will be done...Read More
Newmont Mining (NYSE:NEM) announced Friday that the $245-milion power station project for its Tanami gold mine in northern Australia had been completed.The world's No.2 gold and copper producer, which has fully owned and operated the mine since 2002, said the project included the installation of two power stations, a 66 kV interconnected power line, and a 450 km natural gas pipeline.Newm...Read More
Newmont Mining (NYSE:NEM) announced Friday that the $245-milion power station project for its Tanami gold mine in northern Australia had been completed.The world's No.2 gold and copper producer, which has fully owned and operated the mine since 2002, said the project included the installation of two power stations, a 66 kV interconnected power line, and a 450 km natural gas pipeline.Newm...Read More
The price of gold has flattened and weakened over the last few weeks.Since the uncertainty over the tariff negotiations has ebbed quite a bit, volatility in the gold market has decreased.So where does gold go from here, and what factors are likely to influence the price of the precious metal?By Scott Bauer At a Glance Four factors are moving the precious metal far more than China/U.S. tensions....Read More
Artificial intelligence may revolutionize trading.Sometimes watching the market can feel like riding a roller coaster.Many investors feel glued to the news, watching the market rise and fall hundreds of points, day after day, week after week.But savvy traders know these market conditions mean huge profit potential for anyone that knows how to trade them.And one "secret" that more and more traders...Read More
Market Overview There is a slightly more settled look to markets as the weekend approaches. With all of this week’s key Brexit votes in the UK Parliament have passed, it will be interesting to see if sterling begins to settle down. Initially as European traders take over this morning, a degree of selling pressure has taken hold, although this is so far nowhere as severe as other moves earlie...Read More
Gold spot ($) Rebound expected. Stay on top of the markets with Swissquote’s News & Analysis Pivot (invalidation): 1296.00 Our preferenceLong positions above 1296.00 with targets at 1302.00 & 1304.50 in extension. Alternativescenario Below 1296.00 look for further downside with 1293.00 & 1290.00 as targets. Comment The RSI calls for a rebound. Silver spo...Read More
Canada's Warrior Gold (TSX-V: WAR) started a drilling campaign this week at its Goodfish Kirana project in Kirkland Lake, Ontario.The property is located approximately 6 kilometres north of the Cadillac Larder Lake Fault Zone in Kirkland Lake and, according to Warrior, hosts numerous gold showings, pits, shafts and several historical underground workings.The exploration program in progress involve...Read More
* FTSE 100 up 0.6 pct * FTSE 250 up 1.1 pct * Sterling rally aids mid-cap index * Frankie & Benny's owner surges on sales rise * Just Group slips for 2nd straight day * Interserve slumps with administration imminent (Recasts, adds company news items, updates with closing prices)By Muvija M and Shashwat AwasthiMarch 15 (Reuters) - Britain's mid-cap index hit a 5-monthhigh on Friday, tracking a...Read More