The shares remain well below their late-February IPO price, tooThe U.S. equities market is heading for a daily win, though the Dow still seems poised for its second straight weekly loss. Among individual stocks making notable moves today are e-sports name Super League Gaming Inc (NASDAQ:SLGG), implantable eye lens specialist STAAR Surgical Company (NASDAQ:STAA), and space technology firm Maxar Tec...Read More
UK long steel producer British Steel has been granted approval from a French court to take over troubled French special steelmaker Ascoval, the company said on Thursday May 2.Following the approval from the tribunal de grande instance (TGI) in Strasbourg, Ascoval, which is located in Saint-Saulve, Northern France, will officially become part of British Steel on Wednesday May 15 and will be renamed...Read More
The analyst's new price target represents expected upside of 51%Ahead of earnings next Tuesday, May 7, Oppenheimer initiated coverage of Allogene Therapeutics Inc (NASDAQ:ALLO) with an "outperform" rating. In addition, the brokerage firm set a lofty price target of $45 -- a 51% premium to Thursday's close. The brokerage firm waxed optimistic on Allogene's off-the-shelf CAR-Ts prospects and its al...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 177,275111,05656,305147,288235,600380,868402,961 Change from Prior Reporting Period 584-28,240-2,994-7,11523,801-9,525-7,433 Traders 16768785458254172 Small Speculators LongShortOpen Interest 49,14327,050430,011 -512-2,604-10,037 non reportable positionsC...Read More
By: Ira EpsteinLow $1,260's support on gold...Read More
Sometimes we're blessed not to possess insider information. Several pointed examples surfaced in the last few days. If we had known, for instance, that Fed Chairman Powell would tell the world on Wednesday that the U.S. economy is holding steady as a rock and that no changes are contemplated in monetary policy, we'd have jumped on call options a day earlier. Lo, the Dow began a 500-point plunge...Read More
The biopharma stock is selling off on Sanofi newsAmid an up day in the broader equities market, the shares of Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) are trading 6.4% lower at $77.25, on news Sanofi (SNY) divested its roughly 10% stake in the biopharmaceutical firm. This comes after the two companies concluded a research and options phase of an RNAi therapeutics collaboration that began in 201...Read More
The shares are up almost 37% year-to-dateNvidia Corporation (NASDAQ:NVDA) stock has had an impressive start to 2019, up nearly 37% so far. The shares recently pulled back after running into familiar resistance in the $190 region, but history suggests NVDA stock could make another run higher over the next few weeks.Specifically, the equity is trading within one standard deviation of its 40-day movi...Read More
While 2016 and 2017 each had a single, clear factor that drove up seaborne coking coal prices, this was a key feature that was missing last year, when the market continued to strengthen regardless.And if the first few months of 2019 are anything to go by, the seaborne coking coal market might have just reached a new level of complexity.When China decided to tackle overcapacity in its coal sector i...Read More
Fastmarkets MB has discontinued its weekly assessments of the Latin America export hot-dipped galvanized coil price, which was reported on a dollar-per-tonne fob main port basis, with effect from Friday May 3.Following a three-month consultation period, Fastmarkets MB received feedback that there is now limited spot liquidity in this market; producers stepped away from the export markets in 2...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 177,275111,05656,305147,288235,600380,868402,961 Change from Prior Reporting Period 584-28,240-2,994-7,11523,801-9,525-7,433 Traders 16768785458254172 Small Speculators LongShortOpen Interest 49,14327,050430,011 -512-2,604-10,037 non reportable positionsC...Read More
Sweden's Boliden on Friday reported first-quarter core earnings slightly above analysts forecasts, and said production in the quarter had been stable both in its mines and its smelters.Operating profit, excluding revaluation of process inventory, fell to 2.05 billion Swedish crowns from 2.72 billion a year earlier, beating the 1.99 billion seen by analysts in a Reuters poll."The period can be summ...Read More
Cache Exploration (TSX-V:CAY) announced the acquisition of a 100% mineral interest in a gold project in Mali, West Africa.In a press release, Cache said that it signed a definitive agreement with private vendor Rachid Mogabgab and that the acquisition includes an estimated $250,000 in mining equipment previously utilized at the project.To go ahead with the deal, the Vancouver-based firm has to iss...Read More
Kyrgyzstan's parliament voted on Thursday to ban uranium exploration and mi...Read full newsRead More
Barrick's South Arturo loses top spot, two other Barrick mines dropped from top 10 ranking.Read full newsRead More
Continued gold buying from central banks and the wedding season in India helped to boost gold demand in Q1.Read full newsRead More
"#Cryptos Gain As #Facebook Seeks Reported $1 Billion For FB Coin Amid Talks With Visa, MasterCard | Zero Hedge #bitcoin https://t.co/feMuokRXPy"Read full newsRead More
Condemns Read full newsRead More
The US job market juggernaut continues to accelerate.Read full newsRead More