Russia's largest gold producer, Polyus, on Monday reported a 20 percent jump in fourth-quarter adjusted net profit to $291 million compared with last year, lifted by increased production and rising sales of the metal.Adjusted net profit for the full year rose to $1.33 billion, Polyus said, up from $1.02 billion in 2017.Shares in Polyus were down 0.7 percent at 0828 GMT.The company also said adjust...Read More
LONDON, Feb 11 (Reuters) - Acacia Mining beat forecasts on Monday with figures for its production and costs in 2018 that lifted the gold miner back into profit, but the company is still grappling with a long-running tax dispute in Tanzania where it operates all its mines.Shares in Acacia, majority owned by Barrick Gold Corp , were steady while the rest of the market rose, finding little impetus de...Read More
The European spot market price of ferro-silicon stabilized in the week ended Friday February 8 after recent falls, with the range holding at lows last seen in February 2017; while in the United States, prices narrowed during a slow trading week. Europe stabilizes losses, with trading activity expected low key until March US prices narrow amid limited trading activity China set to retu...Read More
Florida Purple Heart veteran Brian Kolfage had his genitals touched and the rest of his body violated by a TSA agent in a recent trip to the airport. Continue...Read More
Major steel mills in China have concluded their ferro-silicon tenders for February, which have fallen again month on month on weak demand and oversupply, sources in China said. Both Hebei Steel, the country's largest mill, and Jiangsu Shagang last week released tender purchase prices for ferro-silicon delivered in February. Hebei Steel's latest tender price is 6,290 yuan ($932.32) per tonne for Fe...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
The Dow started the day in positive territoryA slow news day on Wall Street resulted in low trading volumes, as investors take a wait-and-see approach amid trade uncertainty. The Dow and its index peers spent time on both sides of breakeven, with traders looking ahead to another round of trade talks between the U.S. and China in Beijingthis week. Also likely causing hesitation is the potential for...Read More
The rally that powered stocks to record January gains went flat last week, but for a bullish reason: sustainability. DaBoyz are in no rush to foster the illusion that new record highs are possible. Accordingly, they have adopted a go-slow approach that the news media and investors can literally buy into. Keep in mind that if the Masters of the Universe are very successful in keeping this decepti...Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Coming up Larry Parks of the Foundation of the Advancement of Monetary Education joins me for an eye-opening discussion on our nation’s growing monetary problems and what you can do to help in the vital cause of bringing gold back into the nation’s consciousness. Larry also talks about the massive dangers our nati...Read More
Bernstein downgraded the semiconductor stock to "market perform"The shares of Nvidia Corporation (NASDAQ:NVDA) are sliding in afternoon trading -- down 1.4% at $146.14, at last check -- after Bernstein cut the semiconductor name to "market perform" from "outperform," and trimmed its price target to $175. The downgrade follows Nvidia's recently slashed fourth-quarter guidance, based partly on lesse...Read More
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
Here are five Fastmarkets MB stories you might have missed on Monday February 11 that are worth another look.The London Metal Exchange could face a significant financial challenge if the European Union wins a legal battle with the British government over tax breaks on commodity derivatives trading. Turkish President Recep Tayyip Erdogan has put his weight behind calls for a reduction of...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
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
Aurelius Value said traders are paying a "blue sky" premiumThe shares of Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) got knocked lower this morning, after Aurelius Value said it's short the stock. The report calls out the newly unsealed details of "one of the most expansive and detailed whistleblower writings we have come across," which claims the company "relied on illegal sales tactics and even out...Read More
Turkey's biggest steel producer, Erdemir Group, reported earnings before interest, taxes, depreciation and amortization (Ebitda) for 2018 of TRY8.302 billion ($1.579 billion*), up 52.24% from TRY5.453 billion for 2017. The group sold 7.482 million tonnes of flat steel products in January-December 2018, down by 1.47% from the 7.594 million tonnes sold in 2017, it said last week. The increase in ear...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
Bernstein is tracking two key measures, both of which are at levels not seen since World War II: global government debt and central bank buying of gold.The firm argues that the current geopolitical environment is heading toward a period in which neither stocks nor bonds will work."We show that from current equity valuations and from similar points in previous cycles gold and equities give more sim...Read More