The shares are just off a new high, but could cool off soon, if history repeatsExelixis, Inc. (NASDAQ:EXEL) shares are fresh off a new high, thanks to some upbeat analyst attention. Specifically, Morgan Stanley upgraded the biotech stock to "equal weight" from "underweight," and hiked its price target to $28 from $20, citing strong prescription trends among other reasons. However, if recent histor...Read More
"A Brazilian court ordered Vale to halt production at another of its iron ore mines, further reducing output capacity after a deadly dam burst increased government scrutiny https://t.co/rJXBpyKNWp #ironore"Read full newsRead More
Stocks extended their short-term uptrend on Friday, as investors' sentiment remained bullish following the recent advances. The S&P 500 index was the highest since the early October. But will the rally continue despite some short-term technical overbought conditions?The U.S. stock market indexes gained 0.5-0.8% on Friday, as investors' sentiment remained bullish following the recent rally. The...Read More
We checked in on PYPL following big M&A news out of the payments space and the data was surprisingPayment processors are in focus today on Wall Street following Fidelity's $35 billion buyout deal for Worldpay (WP). Sector peer PayPal Holdings Inc (NASDAQ:PYPL) earlier hit a record high of $101.83, but has since pulled back to trade at $99.47, as it tests the significant round-number $100 level. De...Read More
A union at Chile's Sierra Gorda copper mine, controlled by Polish mining company KGHM, could go on strike this week after rejecting the latest offer in contract negotiations, the union leader told Reuters on Monday.The company still has until the end of Tuesday to request government mediation to help reach a deal with the union of 520 workers."I hope they will be ready to have an agreement because...Read More
A union at Chile's Sierra Gorda copper mine, controlled by Polish mining company KGHM, could go on strike this week after rejecting the latest offer in contract negotiations, the union leader told Reuters on Monday.The company still has until the end of Tuesday to request government mediation to help reach a deal with the union of 520 workers."I hope they will be ready to have an agreement because...Read More
Newly downgraded Facebook is keeping Nasdaq gains in checkThe Dow Jones Industrial Average (DJI) is once again feeling pressure from Boeing (BA), which is down on reports of a Department of Transportation probe into the company's grounded 737 MAX 8 planes. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) arefloating just above breakeven, paring earlier gains as Facebook (FB) dips on a downgra...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
"Bluestone Resources is an advanced gold project thats looking to become the next gold producer Read their feasibility now: https://t.co/vwveNe0ftJ#bluestoneresources $BSR #gold #mine #momentumstocks #bsr #cerroblanco #exploration #goldcorp #mining"Read full newsRead More
Chile's economy surged in the fourth quarter as increases in mining output and investments set the stage for continued growth going forward.Gross domestic product grew 1.3 percent in the fourth quarter, up from a revised 0.2 percent expansion in the three months through September. The economy expanded 3.6 percent from the fourth quarter of 2017 and 4 percent for the full year of 2018, the central...Read More
Norsk Hydro, one of the world's largest aluminium makers, said on Monday it will replace its chief executive in May as the company seeks to restore production at its troubled Alunorte plant in Brazil and boost earnings.Svein Richard Brandtzaeg, CEO of Hydro for a decade, will be replaced by Hilde Merete Aasheim, who has been head of the company's Primary Metal unit since 2008.The Norwegian metals...Read More
Russian state-controlled miner Alrosa will assess the quality of Zimbabwe's diamond reserves over the next six months but would only start mining if it can take a majority stake in such a project, the company's chief executive said on Monday.Zimbabwe is seeking to attract investment and has scrapped legislation that restricts foreign participation for some commodities. It has yet to do so for diam...Read More
Russian state-controlled miner Alrosa will assess the quality of Zimbabwe's diamond reserves over the next six months but would only start mining if it can take a majority stake in such a project, the company's chief executive said on Monday.Zimbabwe is seeking to attract investment and has scrapped legislation that restricts foreign participation for some commodities. It has yet to do so for diam...Read More
Both stocks are assailing new heights Two biotech stocks have nearly doubled in value today, and sit near the top of the Nasdaq. First up, PhaseBio Pharmaceuticals Inc (NASDAQ:PHAS) is up 75.3% to trade at $6.52, and earlier nabbed a record high of $8.88 -- more than double Friday's close of $3.72 -- after the company's appearance at the American College of Cardiology (ACC) conference this weekend...Read More
Tanzania has ordered all mineral-producing regions in the East African nation to set up government-controlled trading centres by the end of June, accelerating efforts to curb illegal exports of gold and other precious minerals.The trading centres will give small-scale miners direct access to a formal, regulated market where they can go and directly trade their gold. They currently struggle to acce...Read More
The logic behind BHP's potash play is strong, but investors won't be convinced to back it until the mining giant convinces itself.Continue reading...Read More
DGX has managed to take back its 80-day moving averageShares of Quest Diagnostics Inc (NYSE:DGX) are down 0.2% at $88.28 this morning, after Credit Suisse downgraded the stock to "neutral" from "outperform" andcut its price target to $91 from $101. Though it sees near-term headwinds, the firm said it was optimistic toward Quest Diagnostic's long-term outlook saying, "reimbursement pressures and r...Read More
LL just hit a new 10-year low The shares of Lumber Liquidators Holdings Inc (NYSE:LL) are taking a beating this morning, on a wave of bad news for the hardwood flooring concern. The company reported fourth-quarterrevenue that fell short of expectations, and Chief Financial Officer (CFO) Martin Agard announced that he is leaving the company effective April 5. As a result, LL stock is down 9% at $9....Read More
"GoldStone Resources has told shareholders it has withdrawn an appeal over what could be a $200,000 judgment, days after it was revealed by Mining Journal - https://t.co/BCVGQ8xAFX #AIM $GRL"Read full newsRead More
Mark Bristow taking over the leadership of Barrick Gold Corp. facilitated negotiations with Tanzania about a multibillion-dollar tax dispute that could be resolved by May, the country's attorney general said.Barrick unit Acacia Mining Plc has been at odds with Tanzania's government since July 2017, when the state handed it a $190-billion tax bill, saying the gold producer falsely declared bullion...Read More