The S&P's win streak came to an end at five daysThe S&P 500, Dow, and Nasdaq all briefly flirted with positive territory today, but ultimately closed in the red. As such, the S&P ended a five-day win streak, while the Dow's own streak was snapped at three straight. On top of earnings from names like General Motors (GM) and Snap (SNAP), traders were also greeted with trade buzz early on, after Trea...Read More
These three names are making big moves in today's tradingAmid a relatively muted session for the broader equities market, several individual stocks are making big moves, including Apple supplier Skyworks Solutions Inc (NASDAQ:SWKS), "Call of Duty" creator Activision Blizzard, Inc. (NASDAQ:ATVI), and music streaming service Spotify Technology SA (NYSE:SPOT). Here's a quick look at what's moving the...Read More
Vancouver-based Genesis Metals Corp. has updated the resource estimate for its Chevrier gold project 30 km southwest of Chibougamau. Genesis is the 100% owner of the property.The estimate includes both the main and east zones, the east zone being 10 km northeast of the main zone. The main zone contains indicated resources totaling 10.8 million tonnes grading 1.22 g/t gold for 423,000 oz. of gold....Read More
A technical signal is threatening to send CCL stock even lowerThe shares of Carnival Corp (NYSE:CCL) have rallied off their Dec. 26 two-year low of $45.64 -- up nearly 29% since this bottom -- and recently closed their Dec. 20 post-earnings bear gap. However, the stock has sounded a historically bearish signal amid its rebound -- a sign that could suggests CLL could be headed for choppy waters. T...Read More
Gold futures settle lower Wednesday for a fourth straight session, but market bulls continue to expect global growth worries to keep a floor under the yellow metal. Gold for April delivery GCJ9, -0.27% on Comex lost $4.80, or 0.4%, to settle at $1,314.40 an ounce, following modest losses in each of the past three sessions. Prices settled at their lowest in a week. March silver SIH9, -0.20% decli...Read More
According to a new report by the World Gold Council, holdings in global gold-backed ETFs rose 72 tonnes in January to reach 2,513 tonnes (80.8m troy ounces), hitting the highest levels in nearly six years.In dollar terms net inflows in January equaled $3.1B with the value of gold held in ETF vaults reaching just shy of $107B by the end of the month, a 6% increase.January was the fourth consecut...Read More
According to a new report by the World Gold Council, holdings in global gold-backed ETFs rose 72 tonnes in January to reach 2,513 tonnes (80.8m troy ounces), hitting the highest levels in nearly six years.In dollar terms net inflows in January equaled $3.1B with the value of gold held in ETF vaults reaching just shy of $107B by the end of the month, a 6% increase.January was the fourth consecut...Read More
NYT shares are trading at 13-year highsNew York Times (NYSE:NYT) shares are up 12.7% today at $30.28, and earlier hit a 13-year high of $30.56. The company this morning posted stronger-than-expected fourth-quarter top- and bottom-line results, while also raising its dividend. Much of the strength stemmed from the media giant's digital efforts, where subscriber growth impressed -- a trend some anal...Read More
Atlantic Gold (TSXV: AGB; US-OTC: SPVEF) says recently completed diamond drilling at its Cochrane Hill gold deposit in Nova Scotia is confirming mineralization extensions initially defined in its 2018 phase three resource definition drill program.Highlights from the latest resource extension drill program include 11 metres grading 43.65 grams gold from 227 metres downhole including 1 metre at 466...Read More
If, as they say, it is darkest just before the dawn, then surely for gold at least, the sun must be cresting the horizon now ? After seven disappointing years - in US dollars at least - it is hard to shake off some scepticism. That said, gold is showing vigour in no less than 72 currencies where it is at or close to an all-time high. Looking ahead - it is our view that gold is currently firing on...Read More
These two stocks have been volatile after earnings in recent yearsMeal delivery firm GrubHub Inc (NYSE:GRUB) is scheduled to report earnings before the open tomorrow, Feb. 7, while travel expert Expedia Group Inc (NASDAQ:EXPE) will reveal its quarterly report after the close tomorrow. Ahead of the events, options traders are betting on double-digit swings from shares of both GRUB and EXPE. Startin...Read More
GM and CPRI are two post-earnings gainers todayThe Dow Jones Industrial Average (DJI) is struggling for direction at midday, with the blue-chip index pacing toward its first loss in four days.The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are in the red, too, with the former on track to snap its five-day winning streak, and a tech sector pullback weighing on the latter. Investors are also...Read More
TWTR stock tends to make big moves after earningsWith Twitter Inc (NYSE:TWTR) set to report fourth-quarter earnings ahead of open tomorrow, Feb. 7, call volume is accelerated on the social media stock today. At last check, around 40,000 calls have traded on TWTR stock -- two times what's typically seen at this point -- with the weekly 2/8 options series in focus.More specifically, the weekly 2/8 3...Read More
Saudi Arabia will invest around $3.8 billion to enhance access to geoscience data and reduce regulatory red tape as it looks to boost mineral exploration, senior government officials said on Wednesday.Government plans to jump-start the Saudi mining sector form part of a broader industrial strategy aimed at diversifying the economy and attracting private-sector investments worth 1.6 trillion riyals...Read More
This is shaping up to be the worst day in roughly a decade for EA and TTWOVideo game stocks are getting trounced this morning, after two industry giants faltered in the earnings confessional. First, there's Take-Two Interactive Software, Inc. (NASDAQ: TTWO), down 13.4% to trade at $92.93 after reporting weaker-than-expected fiscal third-quarter earnings, even as revenue topped expectations. The...Read More
Humana reported fourth-quarter earnings and revenue that beat analysts' expectationsThe shares of Humana Inc (NYSE:HUM) were up in pre-market trading, after the health insurance concern announced fourth-quarter profit and revenue that beat analysts' expectations, thanks to growth in Medicare Advantage plans. However, they quickly reversed course, now down 3.3% at $293.26, after the company's ch...Read More
MGNX has more than doubled todayMacroGenics Inc (NASDAQ:MGNX) is blowing up today, skyrocketing 172% to trade at $30.21. The monster move is a result of a positive late-stage trial update for the company's breast cancer treatment, Margetuximab. This price action puts the stock back near its 52-week high of $32.74 from 11 months ago, and comes just two days after the shares touched an all-time low...Read More
Snap is headed toward its best day in almost a yearThe shares of Snap Inc (NYSE:SNAP) have surged 25.5% out of the gate to trade at $8.82. Fueling the upside is the Snapchat parent's impressive earnings report, as well as a round of bullish brokerage notes. As such, SNAP stock is set for its best day since Feb. 7, 2018, when it jumped 47.6% in a single session. For the fourth quarter, Snap unveile...Read More
General Motors is also set to gain after earningsU.S. stock futures are pointing to a slightly lower open this morning after President Donald Trump's State of the Union address last night. Traders will also be digesting another important dose of quarterly earnings reports, including well-received results from Walt Disney (DIS) and General Motors (GM). Elsewhere, Treasury Secretary Steven Mnuchin c...Read More
Digging into the RSI for the S&P 500The S&P 500 Index (SPX) has been ripping higher since Christmas, gaining 15% since then. The index just had its best month since October 2015, and its best January since 1987. As a result of these gains, the Relative Strength Indicator (RSI)is getting close to overbought territory. The RSI is a popular overbought/oversold indicator. It's an oscillator that range...Read More