Three of the most notable stock moves in today's tradingU.S. stocks have swung higher today, as traders gear up for Alphabet (GOOGL) earnings. Meanwhile, three names making sharp moves today are smart speaker manufacturer Sonos Inc (NASDAQ:SONO), drugmaker Catalyst Pharmaceuticals Inc (NASDAQ:CPRX), and equipment leasing expert Triton International Ltd (NYSE:TRTN). Here's what's moving shares of S...Read More
Monarques Gold of Montreal says its 2018 drilling program has increased the size of its Croinor gold deposit 50 km east of Val d'Or. And the deposit continues to yield exceptional grades.Highlights from the additional 6,645-metre diamond drill program include these assays:Hole CR-18-685: 17.26 g/t gold over 2.0 metres, including 50.10 g/t over 0.6 metres;Hole CR-18-676: 10.33 g/t gold over 1.8 met...Read More
Political tensions in the South American country are reaching boiling point, with the oil-rich, but cash-poor, country in the midst of the Western Hemisphere's worst humanitarian crisis in recent memory.Thousands of anti-government protesters took to the streets of the capital city over the weekend to demonstrate against President Nicolas Maduro.CNBC takes a look at some of the driving forces behi...Read More
The Mining and Metallurgical Society of America has chosen to award its 2019 gold medal to Pierre Lassonde, chairman of Toronto-based Franco-Nevada Mining.Lassonde is recognized for his leadership as a mining executive for a major mining company, as a founder of the largest natural resources royalty company, a mining financier, and a business innovator. He is also notable for his philanthropic con...Read More
Gold futures posted a second straight session decline on Monday, in part as a leading dollar index gained, though bullish analysts considered the metal's action to be only a pause in its recent uptrend. "Higher Chinese demand for gold and silver have been factored in by the markets," said Chintan Karnani, chief market analyst at Insignia Consultants, but Chinese consumer buying will still "be clos...Read More
The race for marijuana profits is on... and one up-and-comer is taking the "Buffett" approach to profits.The race for marijuana profits is on. Marijuana presents one of the most lucrative investing opportunities of the modern age - millionaires have been made many times over, and by finding the right stock at the right time, it's still possible for investors to cash in on these "first wave" profit...Read More
Put buying has been popular in the past two weeksKnight-Swift Transportation Holdings Inc (NYSE:KNX) showed up on Schaeffer's Senior Quantitative Analyst Rocky White's list of the 20 S&P MidCap 400 Index (MID) stocks that saw the most options activity in the past 10 days. Names highlighted in yellow are new to the list. KNX options traders picked up more puts than calls in the past two weeks -- an...Read More
Is the slip on gold about to accelerate? Risk Warning for Financial Promotions Hantec Markets' various market reports and commentary are issued by Hantec Markets Limited, who is authorised and regulated by the Financial Conduct Authority (FCA) in the UK, No. 502635. The reports are prepared and distributed for information purposes only. Trading in Foreign Exchange (FX), Bullio...Read More
What the indexes' recent strength could mean for stocks in the short termAfter a rough fourth quarter of 2018, the stock market has been in rebound mode in 2019. In fact, the Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC) just notched their sixth straight weekly wins -- a feat not accomplished for either index since late 2017. What's more, the strength the Dow and Nasdaq have shown...Read More
OceanaGold Corp. (TSX: OGC; ASX: OGC) says its mines in the Philippines, New Zealand and the U.S. will produce a total of between 500,000 and 550,000 ounces of gold and 14,000 to 15,000 tonnes of copper this year at all-in sustaining costs ranging from US$850 and US$900 per oz. gold sold.In 2018 the company produced 533,300 ounces of gold and 15,000 tonnes of copper at AISCs of US$767 per oz. At H...Read More
Explanation on what has caused this jump on gold, and what is the future for this commodity.Historical overview to explain movements.Reasons why we still are bullish on Gold.It's been two months of intense stress for the financial markets. We assisted at one of the worst December performance in recent history, driven by uncertainty around China and USA trade deals, and some question marks on the B...Read More
Google parent Alphabet is slated to report earnings after the closeThe Dow Jones Industrial Average (DJI) is modestly lower at midday, weighed down by healthcare and energy stocks. Exxon Mobil (XOM) is currently the worst Dow stock, dropping with front-month oil prices, which are down 2.2% at $54.08 per barrel, at last check. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are slightly hig...Read More
Early investors stand to reap the rewards as a new technology looks to change everything.One research firm - which recommended Google and Amazon before they became household names - has built a worldwide reputation of identifying profitable tech trends well before Wall Street and the talking heads on T.V.And just recently, they've uncovered a technology that's already being labeled "humanity's las...Read More
There's reason to believe DIS could find technical support going forwardWalt Disney Co (NYSE:DIS) is preparing to report earnings after the close tomorrow, Feb. 5, and there's notable options data to consider on the Dow component ahead of the event. DIS currently has a Schaeffer's put/call open interest ratio (SOIR) of 1.40, showing put open interest outweighs call open interest among contracts ex...Read More
The drug met the main goal in two late-stage studiesThe shares of Incyte Corporation (NADSAQ:INCY) were pointed higher in pre-market trading, after the company's experimental atopic dermatitis treatment met the main goal in two late-stage studies. The drug, which is being marketed as Olumiant, was jointly developed with pharma giant Eli Lilly (LLY). However, INCY shares have since turned lower, d...Read More
YELP shares have been gaining since their November bottomYelp Inc (NYSE:YELP) is trading up 2.5% at $38.10 after Goldman Sachs initiated coverage on the review specialist with a "buy" rating and $42 price target. This has YELP stock set for a second consecutive close above the 80-day moving average following two months of trading below the trendline, while the 20-day moving average has been strong...Read More
South Africa's radical leftist Economic Freedom Fighters (EFF) will nationalise all mines by 2023 if elected this year, the party said in its election manifesto launched on Saturday.The party is using an anti-corruption, jobs creation and state control of the economy platform to challenge the governing African National Congress (ANC) in the election expected in May. We cannot postpone the land que...Read More
The company's Jeuveau was approved to treat frown linesThe shares of pharmaceutical concern Evolus Inc (NASDAQ:EOLS) are soaring this morning, after the Food and Drug Administration (FDA) late Friday approved the company's Jeuveau to treat frown lines. The regulatory body back in May declined to approve the Botox rival, but accepted a resubmitted marketing application in August. Out of the gate to...Read More
Things still look good for gold, but a "devil's advocate" approach is needed.U.S.-China trade war resolution could potentially reverse gold's rally.A conservative money management discipline is, therefore, needed.In the last few months, I've used this report to make the bullish intermediate-term (3-9 months) case for gold. That outlook appears to still be sound based on the weigh...Read More
Traders must watch FDN's progress around its 200-day trendline over the next few sessionsThe FANG stock-loaded First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) is entering a historically bullish month, according to data from Schaeffer's Senior Quantitative Analyst Rocky White. Over the past 10 years, FDN has emerged as the top exchange-traded fund (ETF) performer during the month of Februa...Read More