The EC said the collusion occurred between 2006 to 2014 and took place during technical meetings held by the "circle of fiveRead full newsRead More
The teamRead full newsRead More
UNH has had a choppy year on the chartsDow stock UnitedHealth Group Inc (NYSE:UNH) is trading down 0.8% at $244.11, following a price-target cut to $292 from $310 at BMO. This new price target is still a nearly 19% premium to last night's close, and echoes a generally bullish bias among the brokerage bunch. Specifically, 16 of the 17 covering firms sport "buy" or better ratings, while UNH's averag...Read More
Check out our new two-minute video that explains the INK Edge Outlook ranking process for stocks. Our goal in producing it was to cut through the haze to give our users a quick meaningful introduction on how to use INK Edge outlooks in real life investing. We hope you enjoy it! Read More
The chief executive of Germany's Aurubis AG said uncertainty caused by the U.S-China trade war and Brexit had hit its copper products business but that long-term demand would be rescued by higher use in electric vehicles.The Hamburg-based company produces flat rolled products, cables and foils used in the automotive industry."People are hesitating in making purchases and are lowering their invento...Read More
The chief executive of Germany's Aurubis AG said uncertainty caused by the U.S-China trade war and Brexit had hit its copper products business but that long-term demand would be rescued by higher use in electric vehicles.The Hamburg-based company produces flat rolled products, cables and foils used in the automotive industry."People are hesitating in making purchases and are lowering their invento...Read More
There's already heavy options trading on Waste ManagementBeverage expert Keurig Dr Pepper (NYSE:KDP) and trash giant Waste Management, Inc. (NYSE:WM) have both been strong performers on the charts, but today analysts have weighed in bearishly on the stocks. Below is a brief look at the shares of KDP and WM. Morgan Stanley downgraded its rating on Keurig Dr Pepper to "underweight" from "equal-weigh...Read More
Pinterest's trading debut could also make noiseEarnings season heats up next week with a slew of Dow names on the docket. American Express (AXP), Goldman Sachs (GS), IBM (IBM), Johnson & Johnson (JNJ), and UnitedHealth (UNH) are among the blue chips set to report. Also ready to report will be streaming name Netflix (NFLX) and Coke rival PepsiCo (PEP). Housing starts, retail sales, and a handful o...Read More
It's been a stormy month for benchmark coal prices in Asia, with the potential for reverberations across the globe.A double whammy of Chinese import curbs and collapsing gas prices in Europe have whacked Australian thermal coal, at a time when demand weakens after the winter heating season and Asian buyers typically shut power plants for maintenance.While the International Monetary Fund this week...Read More
BBBY shares are slumping after the retailer reported earningsThe shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) are slumping this morning, after the home furnishings retailer reported a wider-than-anticipated 1.4% drop in same-store sales for the fiscal fourth quarter. BBBY also said current-quarter per-share profit will arrive between 7 cents and 12 cents, well below the consensus 29 cents per sh...Read More
Shares of Mountain Province Diamonds Inc. (TSX and NASDAQ: MPVD) surged on Thursday after releasing its latest mineral resource estimates at the Faraday 2 kimberlite, located within the Kennady North Project, NWT, Canada. The stock rebounded by more than 12% at the open in Toronto, lifting the company's market capitalization to over C$256 million.The updated inferred mineral resource at Faraday 2...Read More
Shares of Mountain Province Diamonds Inc. (TSX and NASDAQ: MPVD) surged on Thursday after releasing its latest mineral resource estimates at the Faraday 2 kimberlite, located within the Kennady North Project, NWT, Canada. The stock rebounded by more than 12% at the open in Toronto, lifting the company's market capitalization to over C$256 million.The updated inferred mineral resource at Faraday 2...Read More
APOG stock is on the short-sale restricted list todayShares of glass maker Apogee Enterprises Inc (NASDAQ:APOG) are struggling on the charts, after the company reported fourth-quarter earnings and revenue that fell below analysts' expectations. The company said harsh winter weather disrupting some manufacturing locations was a factor in slowing business, and Apogee issued full-year earnings below...Read More
Growing sovereign support will keep gold price buoyant in 2019.Short-term, gold is on the cusp of another confirmed breakout.Gold stocks, however, are still in a position of relative weakness.The rise of official institutional involvement in the gold market, mainly in the form of central bank demand, will be one of the key factors behind gold's continued recovery in 2019. That assessment is now sh...Read More
Santiago - China's Tianqi Lithium Corp has come to an agreement over the governance of Chilean miner SQM with key shareholder Pampa Group, easing away from hostilities over control of the world's second-biggest producer of lithium.Tianqi's $4.1 billion purchase of a 23.77% stake in SQM, which mines lithium used in electric vehicle batteries, went through in December, but the Chinese firm has faced...Read More
Precious metals miner Fresnillo reported a fall in first-quarter production on Thursday, calling it "slightly weaker than anticipated" but sticking to output targets for the year as spending on tackling operational issues paid off.Silver output slipped 14.8 percent to 13.1 million ounces in the three months ended March 31, mainly due to lower grades of ore and lower ore throughput, Fresnillo said....Read More
Precious metals miner Fresnillo reported a fall in first-quarter production on Thursday, calling it "slightly weaker than anticipated" but sticking to output targets for the year as spending on tackling operational issues paid off.Silver output slipped 14.8 percent to 13.1 million ounces in the three months ended March 31, mainly due to lower grades of ore and lower ore throughput, Fresnillo said....Read More
The drug stock is ripe for a short squeeze, tooThe shares of Viking Therapeutics Inc (NASDAQ:VKTX) are up 7.5% to trade at $10.89 this morning after the pharma company's non-alcoholic fatty liver disease (NASH) drug met the main goals for its mid-stage study. On the charts, the stock has been churning below the $9.50 level for most of 2019. The shares gapped higher in late March after an ambitio...Read More
The global nickel market and its key growth sector, electric vehicle (EV) batteries, will face grave supply shortages unless key Chinese-led projects in Indonesia start up in a timely and cost-effective manner, analysts said on Thursday.The outlook, issued by delegates attending an industry gathering, comes after China's Tsingshan Group last year surprised the market with a low-cost estimate and s...Read More
The March PPI was released earlierDow Jones Industrial Average (DJI) futures are struggling for direction this morning, with traders taking a cautious stance before the start of first-quarter earnings season, which unofficially kicks off tomorrow with an onslaught of big bank earnings. At last check, the blue-chip index was signaling a modestly higher open, after the Wall Street Journal indicated...Read More