The stock is one of the best to own in November, historicallyThe shares of FedEx Corporation (NYSE:FDX) have given up more than 8% in October, retreating in step with the broader stock market. However, the shipping stock is on the mend today -- and it could be the start of a longer rebound for FDX, if past is prologue.FedEx stock was last seen 2.2% higher at $221.38, attempting to topple its 20-da...Read More
Pullbacks to key trendlines have been bullish for the stocks in the pastIt's been a pretty brutal October all around, with the S&P 500 staring at its worst monthly loss since 2010. However, a pair of healthcare stocks are flashing buy signals after their recent pullbacks -- and just ahead of earnings next week: Viking Therapeutics Inc (NASDAQ:VKTX) and Bausch Health Companies Inc (NYSE:BHC) (forme...Read More
Options bears have been loading up on puts ahead of GPRO's third-quarter resultsMobile camera firm GoPro Inc (NASDAQ:GPRO) is set to report third-quarter earnings after the market closes this Thursday, Nov. 1. Ahead of the event, analysts are expecting GPRO to report a loss of 6 cents per share on $272.3 million in revenue -- down from its year-ago profit of 15 cents per share on $329.8 million in...Read More
Key collaborations are lifting the stocks from all-time-low territoryA pair of penny stocks are notably higher in early trading: KemPharm Inc (NASDAQ:KMPH) and OpGen Inc (NASDAQ:OPGN). KMPH stock is soaring after a licensing deal with KVK Tech to commercialize its opioid painkiller, Apadaz, and the drug developer will receive up to $3.4 million in pre-launch funds, and could get up to $53 million...Read More
Nickel premiums in China rose on Tuesday October 30, on an opening import arbitrage. The physical nickel markets in Europe and the United States were relatively quiet. Premiums rose in China with an open import arbitrage making business more profitable. The nickel markets in Europe were mostly flat despite a weak London Metal Exchange nickel price. US nickel premiums were unchanged, although consu...Read More
EA fell to an annual low on MondayAfter adding 4% yesterday on the back of Take-Two Interactive's (TTWO) successful "Red Dead" roll-out, the shares of Electronic Arts Inc. (NASDAQ:EA) are down 4.3% ahead of the bell this morning. While the video game maker reported fiscal second-quarter earnings and revenue that exceeded analyst expectations, it forecast third-quarter revenue -- a period which e...Read More
The bearish brokerage notes come in reaction to the biotech's earnings reportThe hits keep on coming for Clovis Oncology Inc (NASDAQ:CLVS), with the shares down 18.7% in electronic trading, set to open at a new two-year low of $13.50 per share. Today's premarket downside comes in reaction to the cancer specialist's wider-than-expected third-quarter loss of $1.71 per share. The Rubrica maker also s...Read More
Stock market indexes are hoping to pare steep October lossesU.S. stocks look ready for another strong showing, with the major indexes set to chip away at steep October losses. Futures on the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq-100 Index (NDX) are trading far above fair value, getting a boost from the latest round of corporate earnings. The tech sector is poised to r...Read More
Democrats are expected to gain several House seats this yearMidterm elections are a week away and you would expect them to have an important effect on stocks. This week I'm comparing Election Day -- the day after the first Monday in November -- in midterm years, presidential election years, and off years. I'm curious about how stocks tend to behave leading up to the elections and thereafter. Not o...Read More
CloseGain/LossGold $1216.90-$6.70Silver$14.28-$0.20XAU64.28-1.77%HUI142.82-1.66%GDM525.44-1.36%JSE Gold1163.80-6.70USD97.01+0.02Euro113.25-0.20Yen88.62-0.03Oil$65.31-$0.8710-Year3.147%+0.028T-Bond138.25-0.65625Dow25115.76+0.97%Nasdaq7305.90+2.01%S&P2711.74+1.09% The Metals: Gold fell $11.50 to $1212.10 by midmorning in New York before it bounced back higher at times, but...Read More
CloseGain/LossGold $1216.90-$6.70Silver$14.28-$0.20XAU64.28-1.77%HUI142.82-1.66%GDM525.44-1.36%JSE Gold1163.80-6.70USD97.01+0.02Euro113.25-0.20Yen88.62-0.03Oil$65.31-$0.8710-Year3.147%+0.028T-Bond138.25-0.65625Dow25115.76+0.97%Nasdaq7305.90+2.01%S&P2711.74+1.09% The Metals: Gold fell $11.50 to $1212.10 by midmorning in New York before it bounced back higher at times, but...Read More
By Ira EpsteinDollar rally kills gold rally. https://www.iraepstein.com/ Read More
TSX Venture Exchange (TSX-V): GRG Frankfurt Stock Exchange (FSE): G6A OTCQB Venture Market (OTCQB): GARWF VANCOUVER, Oct. 31, 2018 /CNW/ - Golden Arrow Resources Corporation (TSX-V: GRG, FSE: G6A, OTCQB: GARWF), "Golden Arrow" or the "Company") is pleased to announce that the Company has entered into a Definitive Agreement (the "Agreement") to acquire up to 100% of the Indiana gold-copper p...Read More
By Craig HemkeA small move in price enables The Banks to lay the shorts right back on. Just three weeks ago, we warned you to ignore newsletter pundits who were claiming that one day soon, The Banks that operate on the COMEX will be long and on the side of the regular investor/stacker. As with all nonsense, this sentiment ignores reality. Before reading further, I urge you to read this post from...Read More
By David SmithLast month in this space, I penned an essay titled "Are Silver and Gold 'at the Flood'"?. A few weeks later, two other essays on another widely-read site discussed this topic from the same perspective and sourcing - a case of "great minds thinking along similar lines"?Please take time to read or review that Money Metals Exchange Post of August 28.I made the case of a misalignment i...Read More
By Avi GilburtI am starting to see evidence of serious stress from investors based upon the tone of the some of the comments I am seeing in my articles on the market. Well, at least from those who did not heed my warnings.In fact, even though I warned about this type of drop well before it happened, some investors were taking their anger out on me even though the market did exactly what I warned...Read More
Is it safe to go back in the water? Merely asking that question is to suggest that only an imbecile would dive fearlessly back in the drink. Even so, there are most surely enough imbeciles to keep stocks buoyant in the days or even weeks ahead. If they eventually are joined by panic-stricken bears as sometimes happens, we could see a rally capable of persuading otherwise sane folks on the sideli...Read More
(by Reuters from BOSTON, LBMA)The price of gold is expected to rise to $1,532 an ounce by October next year, delegates to the London Bullion Market Association's (LBMA) annual gathering predicted on Tuesday.Gold in USD (10 Years)A poll of delegates at the LBMA conference in Boston also predicted higher prices in a year's time for silver, platinum and palladium.Spot gold has had a difficult few m...Read More
Turkish deep-sea scrap import prices remained largely stable after a new transaction was heard on Wednesday October 31.A steel mill in the Marmara region booked a Baltic Sea cargo comprising 23,000-25,000 tonnes of HMS 1&2 (80:20) at $335 per tonne and 4,000-5,000 tonnes of bonus at $345 per tonne cfr, late on October 30.Some sources believed that the cargo also contained...Read More
Base metals prices on the London Metal Exchange ended mostly lower Wednesday October 31, pressured by a fresh 2018 high in the US dollar index.The three-month nickel price was hardest hit, falling 2.5% over the afternoon to an intraday low of $11,500 per tonne. Both three-month copper and zinc fell below nearby support levels - copper fell below $6,000 per tonne for the first time since September...Read More