Analysts have issued a flurry of price-target hikes and upgrades todayNo stock has been as hot as Qualcomm, Inc. (NASDAQ:QCOM) these last two days, after the chipmaker settled its patent dispute with Apple (AAPL). As part of the settlement, Qualcomm signed a new six-year patent license deal with the iPhone maker, which would add over $25 billion in market cap. However, amidst this surge up the c...Read More
The Nasdaq is clinging to a modest gainThe Dow Jones Industrial Average (DJI) has erased this morning's gains, due to disappointing earnings from blue chip IBM (IBM). The healthcare sector also continues to struggle, with UnitedHealth Group (UNH) lower again on concerns about potential policy changes out of Washington, D.C. Meanwhile, the S&P 500 Index (SPX) is lower with the Dow, though the Nas...Read More
The burger stock is still up 27% year-to-dateBurger giant Shake Shack Inc (NYSE:SHAK) is down 3% at $57.69, after Longbow Research downgraded the stock to "neutral" from "buy," saying the equity's gains since November are "modest" relative to the company's fourth-quarter same-store sales beat. This is offsetting a price-target hike to $60 from $54 at Wedbush, though the new target is in line with...Read More
Macquarie cut its rating on the chip stock, citing risk from the Apple-Qualcomm settlementMacquarie downgraded Skyworks Solutions Inc (NASDAQ:SWKS) to "neutral" from "outperform," but maintained its $90 price target -- a discount to last night's close at $93.56. The brokerage firm said Apple's (AAPL) recent settlement with Qualcomm (QCOM) could create pressure for SWKS, and may limit the Massachus...Read More
CEO Ulrich Spiesshofer announced his resignationShares of Swiss engineering group ABB Ltd (NYSE:ABB) are soaring today, after CEO Ulrich Spiesshofer stepped down, to be temporarily replaced by Chairman Peter Voser. Voser announced that the company has already initiated its search for a permanent CEO. The company also reported first-quarter earnings. ABB stock is up 6% at $21.15, in response, pacin...Read More
Three stocks could help investors double their money in 2019.2019 could be a game-changer for investors... Especially those looking to potentially double their money.Those investors now have a simple blueprint to follow for success.Simply put, these three stocks could be the best way to make money in 2019 -- whether the markets are flying high, or sinking like a ship.This free Investor's Report re...Read More
The brokerage sees DPZ as an outperformer among its peersToday, Morgan Stanley weighed in on two restaurant stocks. First up, the brokerage firm downgraded Chipotle Mexican Grill, Inc. (NYSE:CMG) to "equal-weight" from "overweight," while raising its price target to $658 from $617. The analyst in coverage sees the burrito chain's upside already baked in, with sales-driving initiatives already acc...Read More
Low-grade manganese ore prices have held relatively steady since rebounding from this year's lows in January, when market participants toned down fears of oversupply in the alloy market. Normally volatile low-grade manganese ore prices have held relatively steady since rebounding from this year's lows in January, after which market participants toned down fears of oversupply in the alloy market. F...Read More
By: Dave KranzlerThe current stock market is the most dangerous stock market I have seen in my 34+ year career as a financial markets professional. This includes 1987, 1999-2000 and 2007-2008. The run-up in stocks has been largely a product of momentum-chasing hedge fund algos on behalf of the large universe of sophisticated hedge funds which are desperate for performance. In the context of the...Read More
COLORADO SPRINGS, April 17, 2019 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") reports preliminary production results for the first quarter ended March 31, 2019 of approximately 6,538 ounces of gold, 364,653 ounces of silver and significant base metals. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in O...Read More
By: Craig Hemke, TF MetalsSix years ago this week, COMEX gold and silver prices were deliberately smashed in order to take out critical support levels that had held since 2011. The parallels to present day circumstances are obvious and must be fully considered.The key to understanding this is to recognize that the situation in 2019 is reminiscent of 2010. We've been writing about this for months...Read More
Intel and Qualcomm are higher in electronic tradingDow Jones Industrial Average (DJI) futures are signaling a higher open, as traders digest data that showed the Chinese economy grew at a faster-than-anticipated pace in the first quarter. Back at home, corporate earnings continue to pour in, with Netflix (NFLX) stock up after earnings, while Intel (INTC) shares are surging on the blue chip's plans...Read More
"A bully is always a coward."~ Thomas Chandler HaliburtonThe current market rally is like a playground bully; shoving to the ground anyone in its path.But like all bullies, the braggadocio belies an underlying cowardice.Those in charge of the status quo must be absolutely terrified to resort to the unnatural lengths they are going to right now to keep the current rally intact.Unnatural ActsIn re...Read More
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Andrew Wray Appointed President and CEOTORONTO, April 17, 2019 /PRNewswire/ - Golden Star Resources Ltd. (NYSE American: GSS; TSX: GSC; GSE: GSR) ("Golden Star" or the "Company") announced today that Sam Coetzer will be leaving the Company as of April 30, 2019, and that the Board of Directors has appointed Andrew Wray as President and Chief Executive Officer, effective May 1, 2019."Aft...Read More
When the London Metal Exchange amended its policies related to its physical delivery network a few years ago, it overlooked one key thing. The issue centers on LME's linked load-in/load-out (LILO) rule, which operates by linking the amount of metal a warehouse loads in to the amount it is obligated to load out for warehouses that have queues of over 50 days.The rule changes were part of package of...Read More
Ahead of Fastmarkets' Battery Materials 2019 conference in Shanghai, Fastmarkets looks at use of lithium in next-generation vehicles and other battery uses, as well as soaring prices, which have spurred interest in lithium and boosted its importance in recent years as a battery material. In June 2016, the spot price in China peaked at $27 per kg, more than three times the global contract price, ac...Read More
"We have gold because we cannot trust governments," President Herbert Hoover famously stated in 1933 to Franklin D. Roosevelt. (CBC News)[1] Anyone who seriously claims to trust the government is either a fool carrying an empty bag or a politician.This was the same year that Roosevelt enacted the Emergency Banking Act followed one month later by the Executive Order 6102. Suddenly everyone who ha...Read More
Published 23 Hours AgoUpdated7 Hours AgoReuters Leonhard Foeger | ReutersGold eased on Wednesday, holding near the 2019 lows touched in the previous session, as economic growth data from China assuaged concerns about global growth and drove investors into riskier assets.Spot gold dipped 0.1 percent to $1,274.43 per ounce as of 12:40 p.m., after having fallen as much as 1.2 percent to $1,272.70, i...Read More
New Gold Inc. (TSE: NGD) has received federal environmental approval for its 100% owned C$1.8B Blackwater gold project proposal in British Columbia, Canada.The Minister of Environment and Climate Change announced that the proposed project can proceed following an environmental assessment process that concluded the project is not likely to cause significant adverse environmental effects when miti...Read More