Analysts are already bullish on the surging stockBerenberg initiated coverage on Zebra Technologies Corp. (NASDAQ:ZBRA) with a "buy" rating and $250 price target -- a 24% premium to last night's close. The brokerage firm waxed optimistic on the barcode printer maker's growth potential, as demand for asset tracking strengthens as companies across a wide swath of sectors scramble to keep up with Ama...Read More
South Africa's struggling state power firm Eskom may need more bailouts from government to survive, after the country's energy regulator on Thursday granted it smaller tariff hikes than the utility had wanted.Eskom supplies more than 90 percent of the power in Africa's most industrialised economy. But it is grappling with cashflow problems, breakdowns at its creaking coal-fired power station fleet...Read More
According to the latest IIROC short report for the period ending February 28th, shorts appear to be pressing against insiders at Indigo Books & Music (IDG). The bookseller had a negligible short position in mid-February, but that soared to 3.1% of the stock's float by month end. Short sellers may be betting that the stock is vulnerable to seasonal factors with the busy Christmas shopping season n...Read More
However, AGN shares have shaken off pre-market lossesAllergan plc (NYSE:AGN) is up 4.2% to trade at $143.31, shaking off some subpar drug data. Specifically, Rapastinel, the company's depression treatment, failed three late-stage studies. However, AGN shareholders may be celebrating separate news, after the Food and Drug Administration (FDA) accepted the company's application to extend the use of...Read More
Vancouver-based GoldMining has updated the resource estimate for its Yellowknife gold project in the greenstone belt of the same name.The latest resource estimate contains 1.1 million oz. of gold in 14.1 million measured and indicated tonnes grading 2.33 g/t gold. The inferred portion contains 739,000 oz. in 9.3 million tonnes grading 2.47 g/t gold. The new numbers are an 18% increase in the mea...Read More
Vancouver-based GoldMining has updated the resource estimate for its Yellowknife gold project in the greenstone belt of the same name.The latest resource estimate contains 1.1 million oz. of gold in 14.1 million measured and indicated tonnes grading 2.33 g/t gold. The inferred portion contains 739,000 oz. in 9.3 million tonnes grading 2.47 g/t gold. The new numbers are an 18% increase in the mea...Read More
The retailer reported fourth-quarter revenue and a first-quarter forecast that fell short of analysts' expectations The shares of American Eagle Outfitters (NYSE:AEO) are down 1.1% at $21.12 in early trading after the apparel concern's fourth-quarter results. The company reported a marginal earnings beat, but its revenue and first-quarter guidance fell short of analysts' expectations. American Eag...Read More
The weekly 3/8 19-strike call was sold to open recentlyThe shares of Kroger Co (NYSE:KR) are spiraling, after the grocery chain reported fourth-quarter adjusted earnings of 48 cents per share on $28.09 billion in revenue -- below consensus estimates. The company also said full-year per-share earnings will arrive between $2.15 and $2.25, less than analysts are expecting, citing increased expenses r...Read More
STZ received positive attention, while BUD was downgradedBeer stocks Constellation Brands, Inc. (NYSE:STZ) and Anheuser Busch Inbev NV (NYSE:BUD) received analyst attention this morning. Let's take a quick look at how the shares of STZ and BUD fared as a result. Credit Suisse initiated coverage on Constellation Brands with an "outperform" rating and $230 price target. The majority of analysts were...Read More
• Extends the recent consolidative price action for the third consecutive session. • Bulls seemed rather unimpressed by a subdued USD price action/cautious mood. Gold quickly reversed an early European session dip to fresh one-month lows, albeit remained well within a familiar trading range held over the past three trading session. Following the recen...Read More
Productivity and labor costs data hit the Street bright and earlyThe Dow Jones Industrial Average (DJI) is fresh off a three-day losing streak, but futures on the blue-chip index are cautiously higher today, propped up by the European Central Bank (ECB) decision to leave interest rates unchanged through the end of 2019 -- longer than previously forecast -- and launch a newlonger-term loan stimulus...Read More
Zimbabwe will scrap a law that denies foreign platinum mining companies control of their operations in the country, the mines minister said on Thursday.It's part of continued review of (the) Zimbabwe is open for business mantra."Foreign platinum and diamond miners have been restricted to only 49 percent ownership of their Zimbabwe operations by the black economic empowerment law introduced during...Read More
Zimbabwe will scrap a law that denies foreign platinum mining companies control of their operations in the country, the mines minister said on Thursday.It's part of continued review of (the) Zimbabwe is open for business mantra."Foreign platinum and diamond miners have been restricted to only 49 percent ownership of their Zimbabwe operations by the black economic empowerment law introduced during...Read More
Murchison Minerals (TSXV: MUR) announced this week that it is now the sole owner of the Haut Plateau du Manicouagan (HPM) nickel-copper-cobalt project in Qu?(C)bec, following its acquisition of Pure Nickel's (TSXV: NIC) 50% interest in the project.To be able to complete the transaction, Murchison had to make a $50,000 payment and issue 500,000 common shares of the company to Pure Nickel. The HPM p...Read More
Murchison Minerals (TSXV: MUR) announced this week that it is now the sole owner of the Haut Plateau du Manicouagan (HPM) nickel-copper-cobalt project in Qu?(C)bec, following its acquisition of Pure Nickel's (TSXV: NIC) 50% interest in the project.To be able to complete the transaction, Murchison had to make a $50,000 payment and issue 500,000 common shares of the company to Pure Nickel. The HPM p...Read More
The Australasian Institute of Mining and Metallurgy (AusIMM) and the Government of the State of Victoria in southern Australia announced this week a partnership focused on those who aspire to work in the mining sector.In a media statement, AusIMM said that the initiative is particularly focused on helping women make an increased contribution to the industry with an emphasis on getting more women a...Read More
The Australasian Institute of Mining and Metallurgy (AusIMM) and the Government of the State of Victoria in southern Australia announced this week a partnership focused on those who aspire to work in the mining sector.In a media statement, AusIMM said that the initiative is particularly focused on helping women make an increased contribution to the industry with an emphasis on getting more women a...Read More
* LME copper stocks rise from decade low * Cash to 3-month spread falls sharply * Dollar strengthens after ECB policy change * Nickel falls more than 3 percent (Updates with closing prices)By Peter HobsonLONDON, March 7 (Reuters) - Copper prices fell on Thursdayas rising stockpiles and a drop in the premium for directlyavailable metal signalled a supply squeeze on the London MetalExchange may be e...Read More
A drop to $13.86 in November was ugly.A rise to $16.20 looked like a breakout was on the horizon.Failure in early March.Buying dips and selling rallies rather than looking for technical breaks.USLV and DSLV for those who do not trade futures.Silver can be a tricky metal when it comes to its price action. Silver looks like it is going to the moon on the way up, and when it declines, it seems like t...Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans"), is pleased to announce the launch of the Company's Amazon Store this March.After announcing the Company's launch of their performance based social retailing program in October 2018, various initiatives have been underway to ensure the Peekaboo Beans' approach remains aligned with its target marke...Read More