Recent News

Stocks Stage Big 1Q Bounce

March 29, 2019 / www.schaeffersresearch.com

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

B2Gold: FY 2018 Review And FY 2019 Outlook

March 29, 2019 / seekingalpha.com

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

Chinese stocks spiked, but gold and euro decline reflect market alertness

March 29, 2019 / www.fxstreet.com

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

Analysts Cool on Yeti, Spotify Stocks

March 29, 2019 / www.schaeffersresearch.com

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

China's Chalco leapfrogs Rusal as 2nd-biggest listed aluminium producer

March 29, 2019 / www.mining.com

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

F5 Networks Stock Lands Rare Upgrade

March 29, 2019 / www.schaeffersresearch.com

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

3 Pharma Stocks Expected to Double

March 29, 2019 / www.schaeffersresearch.com

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

Australia's Wesfarmers hints takeover battle for Lynas not over

March 29, 2019 / www.mining.com

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

Become a Master of Moving Averages

March 29, 2019 / www.schaeffersresearch.com

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

Arthritis Drug Data Powers Galapagos, Gilead Sciences Stock Rallies

March 29, 2019 / www.schaeffersresearch.com

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 Supporting Economic Development, Job Creation in Algoma

March 29, 2019 / news.ontario.ca

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

SEEL Stock Soars on 2019 Strategy

March 29, 2019 / www.schaeffersresearch.com

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

4 Hot Penny Stocks That Could See Outsized Gains

March 29, 2019 / investorplace.com

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

Russia is stocking up on gold as Putin ditches U.S. dollars

March 29, 2019 / www.mining.com

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

Mnuchin's Trade Tweet Sends Dow Futures Higher

March 29, 2019 / www.schaeffersresearch.com

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

Baird Bullish on BABA in the Next "Battle For e-Commerce"

March 29, 2019 / www.schaeffersresearch.com

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

Chile's Codelco copper output drops in 2018, profits plunge

March 29, 2019 / www.mining.com

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

Maverix to buy most of the silver from Ascendant's Honduran mine

March 29, 2019 / www.mining.com

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

Maverix to buy most of the silver from Ascendant's Honduran mine

March 29, 2019 / www.mining.com

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

UPDATE 2-European stocks rise, clocking best quarter in 4 years

March 29, 2019 / www.kitco.com

* 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

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