Jefferies just started coverage with a "buy" rating and a $22 price target Jefferies just initiated coverage on Millendo Therapeutics Inc (NASDAQ:MLND) with a "buy" rating and a $22 price target. The analyst said that Wall Street is overlooking the biopharmaceutical's treatments for a pair of orphan diseases, despite positive trial data and upbeat revenue expectations, and noted an attractive risk...Read More
The company's earnings report is due next Monday morningOverstock.com Inc (NASDAQ:OSTK) gapped 21.5% lower on Dec. 17, after the company extended a deadline with Hong Kong-based private equity firm GSR Capital to finalize an investment in its tZERO blockchain unit. The shares went on to hit a two-year low of $12.33 on Dec. 19, but have since bounced back. This rebound has OSTK trading near a trend...Read More
An overview of the noble alloys markets and the reasons for any price moves.Read More
There is still more room for downgrades on the medical device stockThe shares of Sientra Inc (NASDAQ:SIEN) are down 22.5% to trade at $8.82, one of the worst stocks on the Nasdaq this morning, after the company reported a fourth-quarter loss of 86 cents per share, steeper than the 68 cents per-share loss analysts were expecting. In response, William Blair downgraded the silicone implants producer...Read More
NEWS &VIEWSForecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 46th year in the gold businessMarch 2019"The best thing you can do is know how to have a balanced portfolio."Ray Dalio, Bridgewater Associates"The Flash Boys story put in jeopardy billions of dollars of Wall Street profits and a way of financial life."Michael LewisBy: Michael J. Kosares What's the lin...Read More
- Dave Kranzler"The sovereign in the U.S. is supposed to be 'We The People'- first three words in The Constitution. It's not 'We The People.' The sovereign power of the U.S. is a criminal global banking cartel. Period. Full stop.""Criminal immunity is tantamount to Sovereignty. Any entity that has criminal immunity has Sovereign power. For example, you don't need the Constitution to coin money...Read More
By: Avi GilburtAs I now provide analysis to over 5000 subscribers between my services on Elliottwavetrader, The Market Pinball Wizard, and FATrader, I am the beneficiary of much feedback from various segments of the financial markets. In fact, since we have over 500 money manager clients, I see a lot of what the predominant thinking is on "the street."Of late, I have been pointing to the potenti...Read More
By: IRA EPSTEINBrexit excites gold price. In the daily gold chart climbing the wall of worry. $1290.60 support...$1,312.20 resistance:Read More
By: Gary Christenson, The Deviant InvestorThe welfare people and the warfare people control congress, appropriations, corruption and national policies. Implications are grim.If a nation subsidizes butter, it will get more butter. The U.S. and most other western governments subsidize welfare and warfare. Those expenses inevitably increase and are inescapable, like the mathematics of debt.The U.S...Read More
The stock has more than doubled year-to-dateStreaming name Roku Inc (NASDAQ:ROKU) is 4% lower at $67.87 this morning, after the shares were slapped with their first "sell" rating in nearly a year, per Thomson Reuters. Loop Capital downgraded ROKU to "sell" from "hold" on "excessive valuation" and increased insider selling. Meanwhile, Macquarie downgraded ROKU to "neutral" from "outperform," but...Read More
This rare signal suggests otherwiseThe S&P 500 Index (SPX) has been ripping higher since Christmas. In fact, it's up 15% over the last 50 trading days, which is the best 50-day return in more than seven years. The obvious question is whether 15% in 50 days is too far, too fast? In other words, are we due for a pullback, or some sort of pause? This week, I'll look at the past to see how stocks perf...Read More
Rite Aid just announced that several executives are stepping down The shares of Rite Aid Corporation (NYSE:RAD) are up 9.8% at $0.74 in early trading after the company announced that several executives would be leaving the company, including CEO John Standley, CFO Darren Karst, and COO Kermit Crawford. In addition to the C-suite shift, 400 corporate positions will also be cut. The stock is now pac...Read More
Iranian billet exporters increased prices for foreign customers in the week ended Wednesday March 13, following improved demand in the major outlets.Several cargoes of billet scheduled for shipment in April were reported sold to Asia around $395 per tonne fob.But there were also several cargoes on the same delivery terms sold to North Africa and Asia within the range of $400-405 per tonne fob.In s...Read More
The weed stock tagged a record peak out of the gateThe shares of Aurora Cannabis Inc (NYSE:ACB) are trading up 11.2% at $8.89, fresh off a new per-share record high of $8.92. Boosting the weed stock is news Nelson Peltz has signed on as a strategic advisor, and will work with the cannabis company to explore possible partnerships and expand its global reach.ACB stock is fresh off a three-day winnin...Read More
VANCOUVER, British Columbia, March 13, 2019 (GLOBE NEWSWIRE) - Chemesis International Inc. (CSE: CSI) (OTC: CADMF) (FRA: CWAA) (the "Company" or "Chemesis"), announces its wholly owned subsidiary, La Finca Interacviva-Arachna Med ("La Finca") commences the process towards large scale cultivation. The Company, which received its Seed Producers License in January, is now able to export its hig...Read More
Wall Street analysts are very bullish on AERI sharesAerie Pharmaceuticals Inc (NASDAQ:AERI) is trading up 7.8% this morning at $49.38, after the company said the Food and Drug Administration (FDA) approved Rocklatan, a treatment for glaucoma patients. This will be the second drug to hit the market for AERI, and an analyst at Stifel expects FDA approval for Rocklatan to provide a boost to Aerie's r...Read More
Prices for hollow steel sections in the domestic Northern European market were stable on Wednesday March 13, while prices in Southern Europe edged up for the second consecutive week, market sources have told Fastmarkets.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was unchanged week on week on Wednesday at ?,?630-650 ($710-733...Read More
Durable goods orders rose in January for the third straight monthDow Jones Industrial Average (DJI) futures are pointed cautiously higher this morning, trying to shake off headwinds from the controversy surrounding Boeing's (BA) 737 MAX 8 aircraft. Global tensions remain high, as Britain's parliament will vote later today on whether to leave the European Union (EU) without a Brexit deal. Futures...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday March 13 that are worth another look.Moves to enhance electronic trading on the London Metal Exchange are not a back-door attempt to close the ring, Europe's last open outcry trading floor, the exchange's chief executive officer said. The Singapore Exchange has seen a "tremendous uptick" in iron ore futures trading a...Read More
Gold could rise to $1,310 in the next 24 hours, having generated a strong bullish cue in late NY/early Asian session. The yellow metal is currently trading at $1,304 per Oz - up 1.87 percent from the recent low of $1,280. Prices crossed $1,300 in the overnight trade confirming an upside break of the bearish broadening channel on the 4-hour chart. The bullish breakout has strengthe...Read More