Wall Street has extremely high expectations for WTW sharesScanning the analyst attention across Wall Street this morning, two names that stood out were Weight Watchers International, Inc. (NYSE:WTW) and Ulta Beauty Inc (NASDAQ:ULTA). The healthy eating specialist and the cosmetics retailer could both be aiming for fresh highs soon, based on recent analyst coverage. We'll take a closer look at shar...Read More
Mr. Mark Kolebaba reportsADAMERA PROVIDES EXPLORATION UPDATE - FOLLOW-UP DRILLING ON HIGH GRADE ZONES SCHEDULEDAdamera minerals Corp. has provided an update on its exploration of the Cooke Mountain project in Washington State.Drilling on high-grade intercepts generated in 2017 and 2018 is scheduled to resume in June, 2018. As a result of the 2017 and 2018 programs, Adamera has better defined two...Read More
Valeant Pharmaceuticals stock has been surging since early AprilShares of drug name Valeant Pharmaceuticals Intl Inc (NYSE:VRX) are trading higher this morning, after the stock received an upgrade from Mizuho to "buy" from "neutral" and a price-target hike to $27 from $15, with the analyst in coverage calling the company's portfolio "Mylan-like." In response, VRX is up 2.8% at $21.40, at last che...Read More
LONDON, May 15 (Reuters) - Anglo American will spin out its internal venture capital unit, it said on Tuesday, as the world's biggest platinum producer seeks to spur investment in fuel-cell technology to boost demand for a commodity in oversupply.A push, particularly in Europe and China, for lower-emission transport raises the prospect of weaker demand for platinum, whose biggest industrial use is...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
The 10-year Treasury yield has climbed back above 3%The Dow Jones Industrial Average (DJI) is pointed lower in pre-market trading, which could put the blue-chip index's shot at a nine-day winning streak in jeopardy. A negative earnings reaction for Home Depot (HD) is pressuring Dow futures, after the retailer's first-quarter revenue and same-store sales came in lower-than-expected. Traders are al...Read More
PremierGold Mines Ltd. (TSX: PG) says the preliminary economic assessment for the Coveproject in Nevada shows mining would result in life-of-mine gold production of740,000 ounces during eight years of operations, which would an average of92,400 annually. The company reports indicated mineral resources of 1,045,000tons at 0.327 ounces of gold per ton and 0.861 ounce of silver per ton, meaning342,00...Read More
World's No.2 miner Rio Tinto (LON, ASX:RIO) said Tuesday that cost inflation driven by rising oil prices and a resurgence of resource nationalism are increasingly affecting mining companies' investment decisions.Speaking at the Bank of America Merrill Lynch conference in Miami, chief executive Jean Sebastien-Jacques said he remained optimistic about the medium to long-term global growth outlook...Read More
Bloomberg NewsA worker in inside the Watermark Designs manufacturing facility in Brooklyn, New York. The numbers: The Empire State manufacturing index rose in May, to a reading of 20.1 from 15.8 in April, the New York Fed said Tuesday. This was above the 15.5 reading expected by economists surveyed by Econoday. Any reading above zero indicates improving conditions. What happened: The new-order...Read More
(Kitco News)- Gold prices are sharplylower and fell to a nearly five-month low in early U.S. trading Tuesday.Importantly, the yellow metal has fallen below major technical support at$1,300.00. The drop below that key level set off a large number of pre-placedsell stop orders in the futures market, to drive prices still lower. The U.S.dollar index has resumed its trek north today, which is, and has...Read More
The bullish momentum in this triple-leveraged ETF has been unprecedentedThe perennial cautionary note on leveraged exchange-traded funds (ETFs) is that they're not well-suited to trading time frames of more than a day. That's because these instruments are designed to deliver double or triple the underlying index's daily return, but the effects of compounding will warp the relationship between leve...Read More
(Kitco News)- Sentimentin the New York State manufacturing sector is improving according to the latestdata from the New York Federal Reserve.Tuesday, thegeneral business conditions index in the Empire State manufacturing survey pushedhigher, to a reading of 20.1 in May, up from April's reading of 15.8."Looking ahead, firms were somewhat more optimistic about the six-month outlook than they we...Read More
(Kitco News)- Gold futures extended overnight losses after a CommerceDepartment report Tuesday showing U.S. April retail sales rose by 0.3% to$497.6 billion.Meanwhile, sales excluding autos were alsoup 0.3%.Going into the report, consensusexpectations compiled by news organizations had been for a rise 0.3% in overallsales. Sales excluding autos were forecast to be up 0.5% or 0.6%.As of 8:42 a.m. E...Read More
* Delay raises risk of deal failure, says analyst* Layoffs pose hurdle to South African approval* Shares in Lonmin, Sibanye fall (Updates with Sibanye-Stillwater quote)LONDON, May 15 (Reuters) - Britain's Competition and Markets Authority (CMA) said on Tuesday it would examine whether a takeover of miner Lonmin by South Africa's Sibanye-Stillwater would reduce competition.The 285 million pound ($3...Read More
(Kitco News)- After gold reached $1,326, thepressure has been on and gold is ready to test the recent lows at $1,302. Itwould be no surprise to see gold bounce off the $1,302 level, but breakingthrough $1,300 is almost a certainty in the current pattern.The successive lower highs andlower lows indicate that the pressure is mounting on gold's way to $1,280. Goldis just ugly right now and the added...Read More
HONG KONG, May 15 (Reuters) - Privately held gold trader Sakthi Trading Group is planning to build two gold refineries in Africa and is looking for investors for the projects, company executives said on Tuesday.The group, headquartered in the United Arab Emirates, is seeking a total investment of $246 million for the refineries and related processing centres, in Ghana and the Democratic Republic o...Read More
(Reuters) - Home Depot Inc (HD.N) on Tuesday missed Wall Street forecasts for sales at established stores, as an unusually long winter hit sales of typical spring products like lawn-mowers and patio furniture.The downbeat results - which pushed Home Depot shares down 3 percent in premarket trade - are uncommon for the top U.S. home improvement chain, which has largely bucked the trend of retailers...Read More
PARIS (Reuters) - France is optimistic it can reach an agreement with Germany on proposals for a euro zone budget and other reform plans by June, with Finance Minister Bruno Le Maire saying it would be "irresponsible" to delay any longer.Since coming to power a year ago, Macron has made euro zone reform a priority, but his ability to deliver depends on reaching agreement with Germany on...Read More
TOKYO (Reuters) - Japan's biggest banks have begun major revamps of their domestic retail networks, as the cost of maintaining traditional branches weighs heavily at a time of diminishing revenue and a shift in how consumers conduct financial transactions.The top three lenders reported weak earnings at their core commercial banking units, propped up by lower bad loan costs, gains in stock holdings...Read More
(Reuters) - Twenty-First Century Fox Inc (FOXA.O) Executive Chairman Rupert Murdoch is used to getting his way at the company he built into a media empire. But a challenge to a $52 billion deal he put together six months ago could test his sway with shareholders.Several Fox investors told Reuters they would be open to terminating the company's agreement, inked in December, to sell most of its medi...Read More