Bob Moriarty of 321 Gold provides an update on recent exploration developments at this company's project located in British Columbia's Golden Triangle. Goliath ResourcesGoliath Resources Ltd. (GOT:TSX.V) released an interesting press release on August 15th that doubled the price of the shares in the next week. The company drilled a 718-meter hole, limited only by the constraints on the drill, tha...Read More
The company expects the initial set of results to become available in the near term. Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTC) announced in a news release it finished phase one of diamond drilling at its Golden Valley project in Quebec."Phase one of the drill program has gone as we have planned and we expect to have first round of drill results back from the lab in the near term," CEO Richa...Read More
All holes drilled this season at the company's Golden Triangle project intersected polymetallic mineralization. Aben's Forrest Kerr Gold ProjectAben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) reported in a news release drill results from its Forrest Kerr project in British Columbia's Golden Triangle and from its Justin project in the Yukon.Regarding Forrest Kerr, Aben, so far this year, drilled 10 h...Read More
A new agreement outlines the obligation to exercise the option. Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQB) agreed to the sale of its option to acquire a 100% interest in the Gold Canyon claims in Nevada to McEwen Mining, it announced in a news release.For the acquisition, McEwen paid 300,000 of its common shares to Fremont Gold; Ely Gold did not receive any payment for consenting to the tra...Read More
Domestic prices in Europe for hollow steel sections remained unchanged this week due to the seasonal summer pause in trading, but imports continued to flow into the region, sources told Fastmarkets on Wednesday August 21.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was unchanged week on week at ?,?615-630 ($682-699) per tonne on Wednesday.D...Read More
The retail sector was a pillar of strength todayThe Dow posted a strong upside move today, making up yesterday's losses and then some. Driven by impressive earnings out of Lowe's (LOW) and Target (TGT), the retail sector shined, while there was broad strength in tech, as well. Investors also monitored updates on the economic front, including positive home sales numbers and the Fed's July meeting m...Read More
The LED specialist forecast a current-quarter loss on Huawei headwindsThe U.S. stock market is soaring today on a round of strong retail earnings. Among individual names making notable moves are LED specialist Cree, Inc. (NASDAQ:CREE), retailer Childrens Place Inc (NASDAQ:PLCE), and media firm MSG Networks Inc (NYSE:MSGN). Here's a quick look at what's moving the shares of CREE, PLCE, and MSG.Cree...Read More
The stock is flashing a bullish signal before earnings next week Big gains in the retail sector have helped lift department store stock Burlington Stores Inc (NYSE:BURL). The equity has added 1.6% to trade at $171.63 so far today. This boost comes just ahead of the company's second-quarter earnings, due out before the open next Thursday, Aug. 29. What's more, BURL stock just flashed a historical b...Read More
Breaking down a long straddle on USOAhead of today's weekly crude inventories report, which showed a bigger-than-expected drop in domestic oil supplies, one options trader placed a big bet on the United States Oil Fund (USO). Specifically, it looks like the investor forked over seven figures to speculate on a massive move for the oil exchange-traded fund (ETF) by January.At last check, USO has see...Read More
The retail sector has struggled in the past yearIt's been a rough stretch for the retail sector, with the SPDR S&P Retail ETF (XRT) logging a 25.4% year-over-year deficit, last seen at $39.16. Plus, looking at an internal scorecard compiled by Schaeffer's Senior Quantitative Analyst Rocky White, only 34% of the 85 stocks we track under the "general retailers" umbrella were above their 80-day movin...Read More
Earnings wins from Target and Lowe's continue to boost stocks Strong earnings from the retail sector are boosting stocks today. Specifically, earnings wins from Target (TGT) and Lowe's (LOW) have helped put the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) back in the black, while the Dow Jones Industrial Average (DJI) is up 260 points at midday. Traders are also digesting strong housing data,...Read More
The shares hit a record low just last weekH.C. Wainwright initiated coverage on INmune Bio Inc (NASDAQ:INMB) with a "buy" rating and an $11.50 price target -- a nearly 94% premium to last night's close. The analyst in coverage expects the California-based biotech's two cancer drugs to launch in 2024, and believes they "have the potential to become a platform therapy."In reaction, INMB shares up 4....Read More
By: Ira EpsteinGold nearing its 18-DMA support ~$1,490. Gold hit $1,503, new lower high short-term. Lost overbought momentum:Read More
Stewart Thomson, Graceland Updates 1. More powerful money managers are stepping forward to recommend gold in a negative real rates environment.2. Please click here now. The focus of these elite money managers and analysts is mainly on bullion.3. Many of the more speculative junior miners that trade on the CDNX have yet to participate in this gigantic rally, but that may indica...Read More
The airline stock is down more than 5% todayStifel slapped Hawaiian Holdings, Inc. (NASDAQ:HA) with a double downgrade to "sell" from "buy," and slashed its price target on the regional airline stock to $20 from $30 -- a 21.3% discount to last night's close at $25.42. In reaction, HA stock is down 5.6% to trade at $23.99, earlier hitting a nearly four-year low of $22.84.Today's downside is nothing...Read More
Talk of a synchronized world - all three economicsuperpowers are in a recession! The U.S. suffers from industrial recession,Japan from export recession, while Germany may fall into a broad economicrecession. Will the gold market warm up to these news? Recent U.S.Data Shows Industrial RecessionThe recent inversion of the yield curve has sparkedrecessionary fears. Some of the newest pieces of the U....Read More
One side of my family has held a reunion every few years formore than four decades. It’s a big, raucous event filled with lots of food,many half-true stories about the past, and copious amounts of alcohol.In other words, it’s a not-to-be-missed event.Hosting responsibilities transferred from one sibling at theoldest generation to the next, and then moved down a level. My relatives ares...Read More
CyberArk's recent pullback has found support at its 160-day trendlineThe shares of CyberArk Software Ltd (NASDAQ:CYBR) are up 3% to trade at $119.46 this morning, after Cowen initiated coverage on the software name with an "outperform" rating and $145 price target, a 20% premium to its current perch. The analyst in coverage glowed about CyberArk's market position in the Privilege Access Security...Read More
Most analysts already love NOW stockServiceNow Inc (NYSE:NOW) is up 2.5% out of the gate to trade at $262.47, thanks to a bullish note out of Stifel. The brokerage firm's analysts raised their rating on the shares to "buy" from "hold," and boosted their price target to $320 from $290, saying their checks on ServiceNow's partners suggest no slowdown in the business. It added that newer products sho...Read More
Tilray's CEO called it a "significant milestone"A Portuguese subsidiary of Tilray Inc (NASDAQ:TLRY) signed a dealwith Cannamedical Pharma to ship $3.3 million worth of medical cannabis to Germany by the fall. "This is a significant milestone for Tilray," said CEO Brendan Kennedy. As a result, TLRY stock is up 3.9% at $30.45 -- set to snap its five-day losing streak. The losing streak started on A...Read More