OSTK is struggling near its 100-day moving averageNear the bottom of the Nasdaq today sits Overstock.com Inc (NASDAQ:OSTK), down 9.6% to trade at $18.39. Although there's no clear catalyst for today's price action, blockchain stocks in general are lower across the board. Whatever the reason, options bears have come of the woodwork today in droves.More specifically, almost 5,700 OSTK put option...Read More
Canaccord Genuity raised its TSLA price target by 36%The U.S. stock market is mixed as oil prices drop. Among individual names making notable moves are streaming issue Roku Inc (NASDAQ: ROKU), electric car concern Tesla Inc (NASDAQ:TSLA), and aircraft components maker Triumph Group Inc(NYSE: TGI). Here's a quick roundup of what's moving the shares of ROKU, TSLA, and TGI.Roku Options Bulls are Stic...Read More
Map of B.C.'s Golden Triangle, showing the Lawyers gold-silver project near the eastern boundary of the region. (Image: Benchmark Metals)Benchmark Metals of Edmonton has the results of drilling at the Dukes Ridge zone at the Lawyers gold-silver project in the Golden Triangle. The holes intersected wide intervals of near 1 g/t gold equivalent and narrower intervals of high grade gold and silver min...Read More
Stocks were mixed on Friday, as investors hesitated following Thursday's decline and a short-term profit-taking action. The S&P 500 index got closer to the 2,700 mark again last week. So is this just a downward correction or some new downtrend?The U.S. stock market indexes were mixed between -0.3% and +0.1% on Friday, as investors hesitated following the Thursday's decline. The S&P 500 ind...Read More
Vancouver-based Golden Predator took a 9,800-tonne bulk sample from the Spades zone at its 3 Aces exploration project late last year, and the company is ready to share the results.Results are available for only the first 6% of the sample. Two concentrates were produced from a gravity circuit. One yielded a 13,261.5-gram dor?(C) bar that contained 365 oz. of gold and 34 oz. of silver. Sale of the g...Read More
We are now of the opinion that there will be no rate hikes this year and there is the possibility of a rate cut.The technical indicators for gold are in the overbought zone but have now turned south as this correction plays out.The situation for the PM sector could get worse but longer term we expect this sector to outperform all others.Background I first traded gold back in 1980 and have been act...Read More
Wall Street loves the biopharma name Cancer treatment specialist G1 Therapeutics (NASDAQ:GTHX) has seen its stock price decline precipitously since its Sept. 11 peak of $69.57, bottoming at $15.21 on Dec. 21 following a bear gap sparked by disappointing trial data from the company's cancer drug, trilaciclib. Since then, the shares have been steadily climbing the charts, trading up 2.3% at $21.73...Read More
Shareholders could be buying options insurance on the soaring stockShopify Inc (NYSE:SHOP) will report earnings before the open tomorrow, Feb. 12. Ahead of the report, SHOP shares are flirting with new record highs, and while analysts expect even more upside ahead, options traders are bracing for a pullback.Shopify stock was last seen 1.2% higher to trade at $178.06, after earlier notching an all-...Read More
• The continuation of the recent USD rally to six-week tops prompts some fresh selling. • Risk-on mood/a goodish pickup in the US bond yields add to the prevalent selling bias. Gold kept losing ground through the early North-American session and is currently placed at the lower end of its daily trading range, below $1305 level. A combination of negati...Read More
Gold prices ended Monday with a loss as a leading dollar index traded at its highest levels since December, cutting demand for investors buying precious metals using other currencies. "It appears that, facing growing uncertainty, investors are once more seeking refuge in the North American currency," said Ricardo Evangelista, senior analyst at ActiveTrades. "Concerns regarding the Chinese economy,...Read More
There has been a fundamental shift in central banks' behavior with respect to gold over the past decade. The 2008 financial crisis led central banks to re-evaluate the relevance and importance of gold on their balance sheets. Check out the sudden change in sentiment that occurred in 2009, as central banks shifted from being net sellers to net buyers for the first time in 20 years.While central ban...Read More
Russia's central bank will pay less than an industry benchmark for gold that it buys on the domestic market, it said on Monday.The central bank said that from May 1 it would add a discount to a purchase price currently based on the daily London Bullion Market Association (LBMA) gold price. The size of the discount will gradually rise during 2019, it added.Russia has overtaken China to become the w...Read More
Nicolas Maduro is under pressure at home and abroad, and being encouraged by the U.S. to go to "a nice beach somewhere far from Venezuela." The question is where would - or could - he go?The Venezuelan leader has held on for years in the face of protests, a collapsed economy and international sanctions, via a tight grip on the military and by cracking down on the opposition. But the stress has nev...Read More
DIS and PFE are among the worst Dow stocks todayThe Dow Jones Industrial Average (DJI) is modestly lower at midday, erasing early morning gains despite positive trade headlines from the weekend. Specifically, reports of a possible mid-March meeting between U.S. President Donald Trump and Chinese President Xi Jinping helped the Dow start strong, butrough outings from Disney (DIS) and Pfizer (PFE...Read More
* No talks between Trump and Xi before March trade deadline * Speculators target zinc after breached technical level* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, Feb 11 (Reuters) - Zinc slumped to a two-week low onMonday falling along with other industrial metals as speculatorssold in response to concerns about U.S.-China trade talks andglobal growth.China expres...Read More
One name was double-upgraded to "buy" at Goldman SachsGoldman Sachs issued a double upgrade for Avis Budget Group Inc. (NASDAQ:CAR) to "buy" from "sell," and lifted its price target to $35 from $30 -- a 36% premium to Friday's close. The brokerage firm said CAR stock "looks attractive for mean reversion," as headwinds to the sector "appear priced in."In reaction, Avis Budget shares are up 7.2% tod...Read More
With significant mining, milling and tailings infrastructure already in place, pre-production capital costs for Pure Gold Mining's (TSXV: PGM) Madsen project in Red Lake should not exceed $94.7 million, including a 9% contingency, a feasibility study reports.Total life of mine capex including closure costs for the underground mine are expected to come in at $327 million. Madsen is one of the high...Read More
Activision stock is down on layoff reports expected to affect hundreds of employees The shares of Activision Blizzard, Inc. (NASDAQ:ATVI) are down 5% at $41.23 in early market trading after Bloomberg reported that the video game giant is planning on announcing a round of layoffs. The cuts -- which could potentially affect hundreds of employees -- are a response to a slowdown in sales and an attemp...Read More
The options market is pricing in a giant earnings move for UAA Under Armour Inc (NYSE:UAA) stock jumped 27.7% the day after earnings back in October, part of its streak of four consecutive quarters of post-earnings gains, including a 17.4% pop this quarter last year. The shares will try to keep the ball rolling following the company's earnings release tomorrow morning, and the options market is pr...Read More