UniQure reported upbeat small study data for its hemophilia drugThe shares of UniQure NV (NASDAQ:QURE) are up 42.1% to trade at $32.41, near the top of the Nasdaq today, after the pharmaceutical firm reported upbeat data for its hemophilia drug, and said it plans to launch a late-stage trial for the gene therapy early next year. Cantor Fitzgerald issued a price-target hike to $65 from $58 in res...Read More
The NYT published a scathing report questioning leadership tactics at FacebookStocks have come off their earlier lows, though the Dow is on track to extend its lengthy losing streak. Among individual names making notable moves today are social media stock Facebook, Inc. (NASDAQ:FB), homebuilder KB Home (NYSE:KBH), and drugmaker Arena Pharmaceuticals, Inc. (NASDAQ:ARNA). Here's a quick roundup of w...Read More
Options are flying off the shelves amid concerns about May's governmentFollowing the surprise resignation of severalministers -- including Brexit Minister Dominic Raab -- in protest of Prime Minister Theresa May's Brexit plan, the shares of U.K. bank stocks are getting walloped today. Barclays PLC (NYSE:BCS) and Royal Bank of Scotland Group PLC (NYSE:RBS), for instance, are both swimming in red in...Read More
History suggests AMZN could snap out of its historic slumpLost in all the hubbub surrounding the location of the company's second headquarters, Amazon.com, Inc. (NASDAQ:AMZN) shares have been struggling on the charts. Today, the FAANG stock is down 2.4% to trade at $1,548.92 -- on track for its sixth straight loss, which would mark its longest losing streak since March 2016.However, now may be t...Read More
The S&P is trying to end its five-day skidWhile the Dow Jones Industrial Average (DJI) remains lower and is headed toward its fifth straight loss -- which would mark its longest losing streak since June -- stocks have recovered much of their early declines. In fact, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are sporting modest gains at midday, with the former index looking to end its fiv...Read More
Despite increased guidance, WMT is testing the century markWalmart Inc (NYSE:WMT) announced mixed third-quarter results last night, and after pointing higher in pre-market trading, the shares are down 1.5% to trade at $100.03, at last check. The big box retailer's quarterly adjusted earnings and same-store sales beat analysts' expectations, and the company lifted its full-year guidance. However, t...Read More
ABX has struggled to break above the $13.50 levelShares of Barrick Gold Corp (NYSE:ABX) are 2.5% higher at $13.02 in afternoon trading, the stock continuing to climb its way out of a recent pullback below $12.50. The shares of ABX have struggled to maintain positive momentum this calendar year, but if history is any indicator, now may be the time to bet on the mining stock's next leg higher.Longe...Read More
NTAP is set for its lowest close in monthsShares of NetApp Inc. (NASDAQ:NTAP) are down 11.7% at $68.87 in early trading, after the company announced a fiscal second-quarter earnings beat, but disappointed with a soft third-quarter revenue forecast. Analysts have been quick to respond, with respective price-target cuts to $77 and $83 coming from Citigroup and Susquehanna, and Morgan Stanley callin...Read More
CSCO's October pullback found support at its 200-day trendlineThe shares of Cisco Systems, Inc. (NASDAQ:CSCO) are up 4.7% to trade at $46.42 this morning, alone at the top of the Dow, after the company reported adjusted fiscal first-quarter earnings of 75 cents per share and revenue of $13.07 billion, both exceeding expectations. CEO Chuck Robbins noted Cisco was impacted by the U.S. tariffs on...Read More
JCP lowered its same-store sales forecast for the key holiday seasonRetail earnings are rolling in this week, with J C Penney Company Inc (NYSE:JCP) coming in as one of the latest names to unveil its results. While the department store reported a slimmer-than-expected first-quarter loss of 52 cents, revenue of $2.65 billion fell short. Plus, the retailer said same-store sales plunged 5.4% over the...Read More
Call buying has been very popular on ORCL in recent weeksOracle Corporation (NYSE:ORCL) is trading up 3.8% before the open, thanks to news that Warren Buffett's Berkshire Hathaway (BRK.A) took a $2.13 billion stake in the tech company. The vote of confidence goes against the broader sentiment across Wall Street, since the majority of brokerage firms have just "hold" ratings on ORCL shares. Options...Read More
The Dow and S&P 500 are set to extend their losing streaksFutures on the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are slightly lower today, as both indexes look to extend their losing streaks. Investors are digesting quarterly reports from blue-chips Walmart (WMT) and Cisco Systems (CSCO), as well as a rebounding tech sector -- including Apple (AAPL) -- that has Nasdaq-100 In...Read More
CloseGain/LossGold $1213.30+$1.40Silver$14.29+$0.14XAU64.99+2.30%HUI146.41+2.06%GDM532.07+1.79%JSE Gold1108.65+27.91USD97.05+0.13Euro113.34+0.14Yen88.24+0.09Oil$56.46+$0.2110-Year3.113%-0.009T-Bond138.90625+0.03125Dow25289.27+0.83%Nasdaq7259.03+1.72%S&P2730.20+1.06% The Metals: Gold gained $4.30 to $1216.20 in Asia before it fell back to $1208.10 in London, but it then ch...Read More
By Ira EpsteinCould this be where a bounce in gold starts that has some legs to it?https://www.iraepstein.com/ Read More
By Daniel R. Amerman, CFAMartin Feldstein, who was chairman of the Council of Economic Advisors under President Reagan and is currently a Harvard professor, wrote an extraordinary editorial in the Wall Street Journal in which he strongly advocated that the Federal Reserve pursue policies that would: 1) continue to raise interest rates; and 2) thereby pop asset bubbles in the stock and commercial...Read More
Highlights Rob Kirby of Kirby Analytics sees extreme risks ahead for the financial markets via a shattered US accounting system.The missing $21 trillion dollars (size of US National Debt) in government funds, is possibly held by the exchange stabilization fund (PPT). One likely use for the missing funds could involve the purchase of new US Bond issuance's, given the few foreign purchases of US d...Read More
TSX Venture Exchange: BSK Frankfurt Stock Exchange: MAL2OTCQB Venture Market (OTC): BKUCFVANCOUVER , Nov. 15, 2018 /CNW/ - Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF, "Blue Sky" or the "Company") is pleased to report high grades of uranium and vanadium in initial pit samples located a kilometre west of the Ivana Uranium-Vanadium deposit on its wholly-owned Amarillo Grande...Read More
By RambusBefore we look at tonight's charts I would like to take a minute to discuss trading the three X leveraged etf's. Leveraged etf's aren't for everyone as they can be very volatile. These instruments are for those that can take a bigger risk and still come out OK when they go against you. For the average investor a 1 X leveraged etf is all they can handle and that should be fine. When you...Read More
By Avi GilburtThere were several developments in the gold market last week. First, we heard of another trader who has pleaded guilty to "manipulating" the metals market. And, everyone is up in arms again about how gold was manipulated to drop from $1,921 to $1,040 during 2011-2015.And, yes, they are all again saying "ah ha - you see, we were right."But, as I have said so many times before, what...Read More
China has developed tremendously in recent years. But what's next? Is the country entering the growth recession? And how it will affect the world and the gold market? A New Chapter in China We have not analyzed the publications of the World Gold Council for a while. Let's make it up, starting with the newest edition of Gold Investor. The report is about China and its remarkable transformation...Read More