Subscribers just doubled their money with the May 62.50 callSubscribers to Schaeffer's Option Advisor newsletter doubled their money with the Progressive Corp (NYSE:PGR) May 62.50 call. Here's a quick look at why we expected an outsized move from the insurance stock, and how the profitable options trade unfolded.At the time of our recommendation on Friday, Jan. 25, insurance concern PGR had just...Read More
Gold futures ended lower on Thursday as concerns surrounding U.S.-China trade talks eased and the dollar traded higher for the week. However, the largest monthly drop in retail sales in nine years backed expectations that the U.S. Federal Reserve will pause interest-rates hikes, helping to limit the loss for gold. April gold GCJ9, +0.84% lost $1.20, or less than 0.1%, to settle at $1,313.90 an o...Read More
Gold futures ended lower on Thursday as concerns surrounding U.S.-China trade talks eased and the dollar traded higher for the week. However, the largest monthly drop in retail sales in nine years backed expectations that the U.S. Federal Reserve will pause interest-rates hikes, helping to limit the loss for gold. April gold GCJ9, +0.84% lost $1.20, or less than 0.1%, to settle at $1,313.90 an o...Read More
XRT is struggling beneath the $45 levelRetail stocks have been in focus today, under pressure after some ugly retail sales data. And while SPDR S&P Retail ETF (XRT) has erased its initial losses, put traders have come of the woodwork in droves.More specifically, almost 19,000 XRT put options have changed hands today, double the average intraday amount and nearly 12 times the number of calls trad...Read More
Fortune Minerals of London, Ont. Says the Northwest Territories government has signed a contract for the building of the Tlicho all weather road to the community of Whati. The village is only 50 km south of Fortune's NICO cobalt-bold-bismuth-copper mine and mill project.Fortune will undertake the construction of a road from the mine site to Whati so that concentrates can be shipped out for process...Read More
The 7-figure bet comes ahead of earnings from Pepsi and WalmartThe Consumer Staples Select Sector SPDR Fund (XLP) is an exchange-traded fund (ETF) meant to move with the tides of the U.S. consumer staples sector. Among its top holdings are Coca-Cola (KO), which is getting hammered today on weak guidance. However, ahead of a busy week of events for several other top XLP holdings, including Pepsi (P...Read More
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis. Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2019 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intellig...Read More
The WSJ reported that China is considering a large purchase of U.S. chipsThe semiconductor sector is in focus today thanks to a Wall Street Journal report saying that China may offer to buy more chips from the U.S. There's no sign the Trump administration would be open to such a plan, however, which may be why chip stocks are only sporting modest gains. Still, call traders are making moves on the...Read More
The future holds a changing landscape for miners' skillsets in Australia. A vast 77% of mining jobs will be enhanced or redesigned due to technology within the next five years, an EY report for the Minerals Council of Australia on the Future of Work in Mining released today reveals.The report is built on EY's Digital Mining Report on the minerals industry, and tales a closer look at the influence...Read More
Mark Bristow, known throughout the gold industry for his relentless focus on costs, is counting on his belt-tightening skills to take Barrick Gold Corp. to the next level."John really drove this business on multiple fronts, but his primary focus was the debt," Barrick CEO Bristow said Wednesday in an interview at Bloomberg's Toronto office, referring to the miner's executive chairman, John Thornto...Read More
CVS, ROKU, and CAR are also among the names set to report earningsNext week will be a holiday-shortened one, with markets closed Monday for Presidents Day. The action picks up after that with earnings reports from Walmart (WMT), CVS Health (CVS), Roku (ROKU), and Universal Display (OLED) all on tap. The abbreviated week has a central bank theme, too, with the Fed minutes due on Wednesday, and sev...Read More
As more millennials are interestedin sustainable investments, one "green tech" company is leading the charge on clean drilling.Concerns about climate change and the high cost of energy have driven the maturation of the "Green Technology" movement into a trillion-dollar industry.Socially Responsible Investments (SRIs) are the most popular component of the average millennial's 401K, according to a r...Read More
Silvercrest Metals (TSXV: SIL; NYSE: SILV) has discovered the Babi Sur silver-gold vein on its Las Chispas property in Sonora, Mexico, through recent drilling.The company intersected high grade silver and gold mineralization along a 1.5 km strike length at Babi Sur. The vein sits parallel to the project's Babicanora vein, about 300 metres away. The company has now found six high grade veins at La...Read More
Coca-Cola is sharply lower after an earnings missThe Dow Jones Industrial Average (DJI) is down over 150 points today, under pressure from ugly retail sales numbers and a dismal post-earnings reaction from Coca-Cola (KO). In addition, Amazon (AMZN) shares are lower on reports the company is abandoning plans for a second headquarters in New York. The S&P 500 Index (SPX) and Nasdaq Composite (IXI...Read More
Just seven weeks into the job, Barrick Gold Corp.'s new boss has already discovered, first hand, the challenges of developing and mining giant deposits in Latin America.Barrick's main project, the Veladero joint venture with Shandong Gold in Argentina, isn't performing like a tier one asset, Mark Bristow said on Wednesday. In 2019, Veladero is expected to have the highest cost per ounce in Barri...Read More
H.C. Wainwright launched coverage of the small-caps todayAnalysts at H.C. Wainwright initiated coverage on several biopharmaceutical stocks today, including Chiasma Inc (NASDAQ:CHMA) and Dermira Inc (NASDAQ:DERM), both started at "buy." Further, the analyst issued an $11 price target for CHMA -- representing a roughly 300% premium to the equity's close of $3.70 on Wednesday. Likewise, DERM's price...Read More
The brokerage bunch is already bullish on the stockAzurRx BioPharma Inc (NASDAQ:AZRX) is a development stage biopharmaceutical firm whose two pipeline products are being developed to treat exocrine pancreatic insufficiency and c. difficile infections. Optimism around the former drug sparked this morning's bull note from Maxim, with the analyst in coverage initiating coverage on AZRX stock with a "...Read More
At least 23 illegal miners are trapped and feared dead in Zimbabwe after shafts and underground tunnels they were working in were flooded by water from a burst dam, a state-owned daily newspaper reported on Thursday. Small-scale gold producers, including illegal miners, accounted for nearly 60 percent of the record 33 tonnes of gold produced in Zimbabwe last yearThe southern African nation has bee...Read More
The automaker is considering the purchase of GM's Oshawa plant Electra Meccanica Vehicles Corp (NASDAQ:SOLO) is among the top performers on the Nasdaq again today. The stock shot up 220.7% yesterday -- its biggest one-day rally ever -- after CEO Jerry Kroll said it's considering taking over a shuttered General Motors (GM) plant in Oshawa, Ontario. Further, the firm's electric one-seater vehicle --...Read More
However, the FAANG rivals have both been affected by an EU rulingShares of Alphabet Inc (NASDAQ:GOOGL) are down 0.7% at $1,120.52, at last check, moving lower after European regulators decided on a platform-to-business law designed to prevent unfair practices within app stores and search engines. On the flipside, GOOGL is seeing positive attention from the likes of Citigroup, which named Alphabet...Read More