This company could give savvy investors a "backdoor" to cash in on the $50 billion marijuana boom.Any investor interested in the opportunities in the marijuana industry need to get involved as soon as possible.Financial experts from all over the world agree: a marijuana boom is coming. To the tune of an estimated $50 billion.Anda little-known Canadian company might have just unlocked the key to pr...Read More
One investor guru thinks this may be the next big play to make in gold.The world's wealthiest investors always grab the headlines...Especially with a track record that's off the charts, producing explosive gains like this:$1.29 to $23.86, where $10,000 grew to over $184,000!Or how about his record-breaking score last month, 9 cents Canadian to C$1.18 in about 2 weeks, turning $10,000 into over $1...Read More
Fastmarkets has corrected its EU domestic Stainless Steel 304 Europe Raw Materials Index, which was published incorrectly on Monday October 22 due to a data entry error.Fastmarkets' European stainless steel index was incorrectly published as $1,547.12 per tonne after an exchange rate calculation error. The correct price for that date is $1,299.53 per tonne.The Fastmarkets price book and database h...Read More
Marijuana stocks are in "early internet" territory.Amazon's early investors walked away with over 79,000% in profits. And this same phenomenon is happening in the cannabis space right now.Remember, the dotcom bubble separated out the real companies from the fake.Which is why it's so important to "weed" out the companies that might not survive this volatile but opportune time.Now, the race has ser...Read More
LONDON (Reuters) - Oil prices fell on Tuesday, depressed by concerns that the U.S.-China trade dispute will dent economic growth and by signs of rising global supply despite upcoming sanctions against Iran.Benchmark Brent crude oil LCOc1 fell $1.05 a barrel to a low of $76.29 before recovering slightly to around $76.44, down 90 cents, by 1205 GMT. U.S. light crude CLc1 was 60 cents lower at $66.44...Read More
Lower November ferro-chrome tender prices from major stainless steel mills caused ore and alloy markets to stall or weaken in the regions Fastmarkets follows in the week ended Friday October 26. UG2 chrome ore prices stall, Turkish lumpy chrome ore prices dropChinese domestic spot ferro-chrome prices pauseCharge chrome import prices weakenAlloy prices hold in Japan, South KoreaAlloy prices weaken...Read More
Consumer confidence hit an 18-year high for OctoberStocks held onto big gains throughout today's session, thanks to a slew of positive corporate earnings and reduced trade anxieties. The Dow finished up over 430 points, aided by well-received quarterly results from Coca-Cola (KO). Meanwhile, the China tariff fears that triggered yesterday's sharp pivot lower were assuaged today after President Don...Read More
Declining short interest and heavy put open interest could create tailwinds for the stock Blue-chip pharmacy name Walgreens Boots Alliance Inc. (NASDAQ:WBA) has surged 29% off its late-June lows, and recently topped out north of $78 -- marking its highest point since January.A pullback from this area last week was cushioned by the shares' 20-day moving average, as well as their year-to-date breake...Read More
CloseGain/LossGold $1223.60-$5.50Silver$14.48+$0.03XAU65.44+1.14%HUI145.23+0.84%GDM532.62+0.49%JSE Gold1170.50+4.49USD96.99+0.38Euro113.45-0.40Yen88.65-0.41Oil$66.18-$0.8610-Year3.119%+0.031T-Bond138.84375-0.50Dow24874.64+1.77%Nasdaq7161.65+1.58%S&P2682.63+1.57% The Metals: Gold dropped $9.10 to $1220.00 in London before it chopped back higher in early New York trade, but...Read More
Wedbush thinks Take-Two stock can keep the momentum goingStocks are rallying higher today thanks to upbeat corporate earnings, with shares of Nike (NKE) and Coca-Cola (KO) leading the charge. Three names making notable moves on Wall Street are "Grand Theft Auto" maker Take-Two Interactive Software, Inc. (NASDAQ:TTWO), hospice provider Amedisys Inc (NASDAQ:AMED), and engineering software specialist...Read More
India has done a bilateral forex swap agreement with Japan and China separately. China has done a forex swap agreement with Japan. Forex swap agreement between large nations like India, China and Japan will result in more and more nations copying them. Net result is a decline in the US dollar share in global trade and a decline in the purchasing power of the US dollar. Gold will be a medium of s...Read More
(Reuters) - Apple Inc (AAPL.O) on Tuesday is expected to unveil updates to its Mac computers and iPads that include facial recognition features that have been available in the iPhone lineup at an event in Brooklyn.Analysts expect a new versions of Apple’s iPad Pro, its higher-end tablet computer that competes with the Microsoft Surface, with thinner bezels and more screen space, along with t...Read More
GE options volume is pacing toward a new annual highThe shares of General Electric Company (NYSE:GE) are getting blasted today, after the industrial giant reported a third-quarter profit of 14 cents per share, which excluded a $631 million loss in its ailing power business and came in below the consensus estimate for adjusted per-share earnings of 20 cents. The company also cut its dividend to 1 c...Read More
(Reuters) - General Electric Co (GE.N) slashed its quarterly dividend to just 1 cent per share and said it would split its power unit into two businesses as new Chief Executive Larry Culp took his first steps to revive the struggling conglomerate.GE made an expensive bet on fossil fuels with a pricy 2015 acquisition and is still working to cut debt and revive its sagging stock price. Its revenues...Read More
The oversold stock's pullback could be an opportunity for bulls Clearly, the legalization of marijuana in Canada on Oct. 17 was a "sell the news" event, one that pressured Canopy Growth Corp (NYSE:CGC) and its weed-growing peers lower from record highs. However, as Canaccord Genuity analysts noted yesterday, "cannabis stocks are seeing selling volume decrease as they approach important support lev...Read More
Chinese ferro-silicon prices held firm, with market participants awaiting further direction from November tender purchase prices, while the European and US spot markets continued to suffer from inactivity amid 2019 contract negotiations. Chinese domestic market awaits November tender prices for direction Chinese export offers flat on inactivity European ferro-silicon market dips to new...Read More
Coca-Cola and Under Armour are big earnings winners todayStocks are stabilizing after yesterday's volatile session, with the Dow Jones Industrial Average (DJI) up more than 250 points at midday. Earnings season remains a primary driver, with the blue-chip index getting a lift from a positive earnings reactions for Coca-Cola (KO), while Nike (NKE) surges alongside Under Armour (UAA). The S&P 500...Read More
FRANKFURT, Oct 30 (Reuters) - Soured credit, cybercrime and the escalation of political uncertainty around the globe are likely to be the biggest risks for banks in the euro zone next year, the European Central Bank said in a risk assessment exercise on Tuesday.“The three most prominent risk drivers affecting the euro area banking system are: geopolitical uncertainties, the stock of non-perf...Read More
The casino name has been one of the biggest underperformers in NovemberThe shares of Wynn Resorts Ltd. (NASDAQ:WYNN) have taken a beating in October, down 26% so far to trade at $93.32. This would mark the casino stock's worst month since September 2015. The selling could be far from exhausted on WYNN stock, though, if history is any guide.According to Schaeffer's Senior Quantitative Analyst Rocky...Read More
The real estate sector could struggle in the short termIt's been a rough, volatile month for stocks, with the S&P 500 down 9.4% so far in October -- set for its worst month since February 2009. While these 25 stocks could rebound in November, several real estate stocks coulddecline next month, if past is prologue. The iShares U.S. Real Estate ETF (IYR) tends to struggle in November, as do holdings...Read More