The Dow, S&P, and Nasdaq are up double-digit percentage points in the first quarterStocks bounced back big in the first quarter, with the Dow, S&P 500, and Nasdaq all pacing for double-digit percentage gains in the first three months of 2019, following their worst quarterly performances in years at the end of last year. While the price action has been more mixed in March -- with tech shares turnin...Read More
An analysis of BTG's FY 2018 performance reveals that FY 2018 outperformed FY 2017 in terms of production and costs.I expect that BTG would perform even better during FY 2019.I have discussed the reasons for such an expectation.A technical price chart indicates that a reasonable target price in the medium term could lie between $3.00 and $3.50.Therefore, BTG is a bargain at the current price l...Read More
EURUSD The euro for a week remains under pressure on global markets, due to weak economic indicators. As a result, the pair declined from the EURUSD high near 1.1450 to 1.1220 - the lows area since June 2017. An attempt to break the downtrend failed with the help of Draghi. ECB President Mario Draghi warned of a possible extension of the extremely low rates period. Additionally, the EUR decline on...Read More
Most other analysts are bullish on the young stocksTwo stocks that may hold an appeal with the younger generation were met with downbeat attention from the analyst community today. Specifically, music streaming giant Spotify Technology SA (NYSE:SPOT) and high end cooler maker Yeti Holdings Inc (NYSE:YETI) are struggling on the charts today following bearish brokerage notes. For SPOT, the shares ar...Read More
BEIJING - China's Chalco said on Friday it boosted annual aluminium output by 16% in 2018, putting it ahead of Russia's Rusal as the world's second-biggest publicly traded producer of the metal.The increase underscores China's growing dominance of the global aluminium market, as the world's biggest producer and consumer of the metal, although weak aluminium prices have already led to some producti...Read More
Analyst sentiment was negative coming into todayWeb application developer F5 Networks, Inc. (NASDAQ:FFIV) is up 2.3% to trade at $157.18, just after landing an upgrade to "neutral" from "underweight" and a price-target hike to $163 from $157 at Piper Jaffray. The firm said its bull note comes despite continued concerns about the company's "longer-term dynamics," but noted the current valuation is...Read More
The stocks are higher after scoring lofty price targetsAnalysts this morning waxed optimistic on biotech stocks Xenon Pharmaceuticals Inc (NASDAQ:XENE), TG Therapeutics Inc (NASDAQ:TGTX), and Viking Therapeutics Inc (NASDAQ:VKTX). In fact, the brokerage firms expect shares of XENE, TGTX, and VKTX to more than double on the charts.XENE Options Attractively PricedXenon stock is up 4.7% to trade at $...Read More
MELBOURNE/SYDNEY - Australia's Wesfarmers Ltd remains keen on buyout talks with rare earths miner Lynas Corp Ltd, the retail-to-chemicals conglomerate said on Friday, despite its A$1.4 billion ($992 million) approach being rejected earlier this week.The comments foreshadow an intense takeover battle for the only proven producer of rare earth elements outside China, which has struggled with support...Read More
How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More
A short squeeze could keep the wind at GLPG's back Galapagos NV (NASDAQ:GLPG) and Gilead Sciences, Inc. (NASDAQ:GILD) stocks are higher this morning, after the companies reported positive data for a jointly developed drug to treat moderate-to-severe rheumatoid arthritis (RA). An analyst at SVB Leerink believes the the drug could be launched by 2020, while H.C. Wainwright has come forward with a p...Read More
Ontario's Government for the people is supporting small businesses in Batchewana First Nation by investing in a manufacturing facility for fishing equipment, creating three full-time jobs.Today, Ross Romano, Parliamentary Assistant to the Minister of Energy, Northern Development and Mines, announced Black Fox Fishing is receiving $50,000 to secure a trademark and purchase equipment for a manufactu...Read More
The pharma stock just announced updates for two major drug trials for later this yearPharmaceutical concern Seelos Therapeutics Inc (NASDAQ:SEEL) is at the top of the Nasdaq after announcing its 2019 plans. The company anticipates it will dose the first patient with the life-threatening spinal disease Sanfilippo syndrome in a mid-stage trial with the company's experimental Trehalose treatment in t...Read More
Editor’s note: This story was previously published in January 2019. It has since been updates and republished.The potential to become wealthy often means investing in an enterprise when it is small and waiting for the entity to grow large. For this reason, many investors are willing to take chances on what they believe to be hot penny stocks. Investors in these stocks often lose everything &...Read More
Vladimir Putin's quest to break Russia's reliance on the U.S. dollar has set off a literal gold rush.Within the span of a decade, the country quadrupled its bullion reserves, and 2018 marked the most ambitious year yet. And the pace is keeping up so far this year. Data from the central bank show that holdings rose by 1 million ounces in February, the most since November.The data shows that Russia...Read More
Oil futures are rising today, tooDow Jones Industrial Average (DJI) futures are signaling a strong push higher, on renewed U.S.-China trade optimism. More specifically, U.S. Treasury Secretary Steven Mnuchin tweeted about "constructive trade talks in Beijing," with the two sides set to meet in Washington next week. Investors are also digesting a 0.1% monthly drop in the personal consumption expe...Read More
Southeast Asia could be a huge opportunity for AlibabaChinese tech giant Alibaba Group Holding Ltd (NYSE:BABA) is trading up 1.5% before the open, thanks to bullish analyst attention out of Baird. The brokerage firm lifted its price target to $195 from $178, citing what it sees as an undervalued asset in Alibaba's Lazada e-commerce business. Baird pointed to Lazada's footprint in Southeast Asia, a...Read More
Chilean state miner Codelco produced slightly less copper in 2018 than the year before, the company reported on Friday, as it continued to contend with declining ore grades and rising costs at its aging mines.Chief Executive Nelson Pizarro said the company produced 1.678 million tonnes of copper at its own mines in 2018, down 3.3 percent from the previous year, and a total of 1.806 million tonnes,...Read More
Canada's Maverix Metals (TSX-V: MMX) entered into a life of mine purchase and sale agreement this week for silver produced from the El Mochito mine, owned and operated by Ascendant Resources (TSX: ASND) in Honduras.El Mochito's production guidance for 2019 is between 850,000 and 1,200,000 ounces of contained silver in concentrateIn a press release, Maverix said it will make an advance payment of $...Read More
Canada's Maverix Metals (TSX-V: MMX) entered into a life of mine purchase and sale agreement this week for silver produced from the El Mochito mine, owned and operated by Ascendant Resources (TSX: ASND) in Honduras.El Mochito's production guidance for 2019 is between 850,000 and 1,200,000 ounces of contained silver in concentrateIn a press release, Maverix said it will make an advance payment of $...Read More
* H&M among top gainers on STOXX after profits beatforecasts * Retail outperforms all European sectors at quarter's end * UK PM May's Brexit deal defeated for the third time(Updates to close)March 29 (Reuters) - European shares rose on Friday butsettled slightly below session highs after lawmakers rejected UKPrime Minister Theresa May's deal to exit the European Union forthe third time, increa...Read More