The music streaming service reported strong revenue growth in the first quarterSpotify Technology SA (NYSE:SPOT) said revenue jumped 33% to $1.69 billion in the first quarter -- more than analysts were expecting. The music streaming service also said paid subscribers hit 100 million in the three-month period, while monthly active users (MAU) rose 25% to 217 million. In reaction, SPOT stock is up 0...Read More
ADBE has added 41% from its Christmas Eve bottomThe shares of Adobe Inc (NASDAQ:ADBE) are up 2.9% to trade at $290.23, and earlier tapped a fresh record high of $290.46. This comes after Morgan Stanley upped its rating on the software name to "overweight" from "equal weight," while boosting its price target to $340 from $282, the highest on Wall Street. Analyst Keith Weiss waxed optimistically on...Read More
In the heart of America's coal country, a cavernous new recycling plant is turning trash into a fuel that burns cleaner than coal, using a first-in-the-nation process hailing from Europe. Just don't call it a "replacement" for coal."We like to think of ourselves as a clean supplement to coal"In a region that remains fiercely protective of its embattled mining industry, Frank Celli, the chief execu...Read More
"Avengers: Endgame" pulled in a record $1.2 billion globally its first weekendDow Jones Industrial Average (DJI) futures are signaling a slightly higher start, thanks to strong gains for Walt Disney (DIS) stock, which is up 1.9% ahead of the bell after "Avengers: Endgame" pulled in a record $1.2 billion globally in its opening weekend. The upside is being contained as Boeing (BA) shares slip ahead...Read More
Russian miner Nordgold (LON:NORD) invested $70 million last year in its Guinea-based gold mine, $22 million more than the total allocated in 2017, the company said on Monday.Nordgold, which spun off of Russian steelmaker Severstal in 2012, said the funds allowed it to both, extend Lefa mine's life and improve efficiencies at the operation.The gold producer, which acquired the mine in 2010, said it...Read More
Russian miner Nordgold (LON:NORD) invested $70 million last year in its Guinea-based gold mine, $22 million more than the total allocated in 2017, the company said on Monday.Nordgold, which spun off of Russian steelmaker Severstal in 2012, said the funds allowed it to both, extend Lefa mine's life and improve efficiencies at the operation.The gold producer, which acquired the mine in 2010, said it...Read More
Short interest could help the RUT overcome round-number resistance"History suggests that a run through 2,900 and back to the September intraday high of 2,940 is imminent. Since 1950, in the 11 instances in which the SPX experienced at least a 20% decline from intraday high to intraday low, as it did in the fourth quarter, and then rallied back to within 2% of its intraday high, which occurred on F...Read More
Consider a paired trade on this sector that tends to struggle between Memorial Day and Labor DayThe following is a reprint of the market commentary from the May 2019 edition of The Option Advisor, published on April 26. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.The month of April is rapidly coming to an end, a...Read More
Learn how to protect savings and maximize returns by investing in precious metals.Gold Trust would like to announce the newest edition of its guide to precious metals, perfect for anyone hoping to safeguard their investments and retirement!And today, they are giving away a free copy of their Investor's Guide to Precious Metals 2019!Their goal is to help regular investors learn the "pro" secrets...Read More
It took only 10 seconds to implode two 500-foot cooling towers that belonged to the Brayton Point Power Station in Somerset, Massachusetts.The concrete structures demolished last Saturday were the last remains of the last coal-fired plant in the northeastern US state. Originally built in 1953, the facility provided electricity to millions in both Massachusetts and Rhode Island for five decades unt...Read More
ePower Metals (TSXV: EPWR) announced that it has entered into a binding letter of intent with Minera Alamos for the assignment of the option to earn a 100% interest in the Los Reyes gold project located in the northwestern state of Sinaloa, Mexico.In a press release, the Vancouver-based miner explained that the LOI stipulates a 30-day period to enter into a definitive agreement.At present, Minera...Read More
ePower Metals (TSXV: EPWR) announced that it has entered into a binding letter of intent with Minera Alamos for the assignment of the option to earn a 100% interest in the Los Reyes gold project located in the northwestern state of Sinaloa, Mexico.In a press release, the Vancouver-based miner explained that the LOI stipulates a 30-day period to enter into a definitive agreement.At present, Minera...Read More
ePower Metals (TSXV: EPWR) announced that it has entered into a binding letter of intent with Minera Alamos for the assignment of the option to earn a 100% interest in the Los Reyes gold project located in the northwestern state of Sinaloa, Mexico.In a press release, the Vancouver-based miner explained that the LOI stipulates a 30-day period to enter into a definitive agreement.At present, Minera...Read More
* Market looking for clues to China demand * Premium for zinc cash over three-month highest since Dec. (Adds comment, updates with official prices)By Pratima DesaiLONDON, April 29 (Reuters) - Copper prices slipped on Mondayas stocks in London Metal Exchange-approved warehouses jumped,suggesting lacklustre demand, and volumes fell ahead of holidaysin top consumer China.Benchmark copper on the Londo...Read More
Newmont Goldcorp Corp (NYSE: NEM) (TSX: NGT) said Monday it will temporarily halt operations at its Pe??asquito gold mine in Mexico due to illegal blockade by a trucking contractor and some members of the Cedros community. Access to the site has been blocked since March 27.The world's largest gold producer by market value, output and reserves said it remained committed to "good-faith dialogue" wi...Read More
Newmont Goldcorp Corp (NYSE: NEM) (TSX: NGT) said Monday it will temporarily halt operations at its Pe??asquito gold mine in Mexico due to illegal blockade by a trucking contractor and some members of the Cedros community. Access to the site has been blocked since March 27.The world's largest gold producer by market value, output and reserves said it remained committed to "good-faith dialogue" wi...Read More
Australian lithium producer Alliance Mineral Assets (ASX: A40) said Monday it had inked a joint venture deal with a major Chinese maker of engines for electric vehicles (EVs), which would allow the miner to feed its output into the partner's manufacturing process without capital costs or construction risks.As part of the deal, Alliance and Jiangxi Special Electric Motor have agreed to move into th...Read More
A Canadian company is moving ahead with plans to reopen a gold mine in the heart of California's Castle Mountains National Monument, just across the state line from Searchlight.Read full newsRead More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK CIN was unable to close above the 1140 mark (reaching as high as 1146 intraday on Monday) and pulled back 7 points to close at 1137.30. MACD slipped to -1.52. RSI, our short-term momentum indicator, moved down 5.5 points to 47.47.Support is now 1128.6 and 1130. Overhe...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More