The DJI was down triple digits in early tradingThe Dow Jones Industrial Average (DJI) was down triple digits to start the session, as weak manufacturing data out of China fueled fears of a global economic slowdown. However, the Dow has since pared most of its losses -- and briefly turned higher -- while the tech-rich Nasdaq Composite (IXIC) has pulled a 180 to kick off 2019 in the black. Oil price...Read More
The chip stock is also historically strong in JanuaryIt was a brutal 2018 for chip stocks, and Skyworks Solutions Inc (NASDAQ:SWKS) was no exception. The semiconductor name shed 32% last year, but there could be clearer skies ahead, if history is any indicator. For one, Skyworks stock tends to outperform during the first quarter, looking back 10 years. According to Schaeffer's Senior Quantitat...Read More
A free tool can help traders bank big during the upcoming earnings season.Too many investors let their portfolios slip during the busy holiday season, but this is a huge mistake... especially with the market moving events just around the corner!With the crazy market action investors have been seeing lately, right now is the time to prepare to bank big wins.It's important for investors to position...Read More
...as with all moments of excess, there is a price to be paid and the hangover has escalated...Read full newsRead More
BofA-Merrill Lynch is the latest brokerage firm to call MRVL stock a "buy"BofA-Merrill Lynch placed Marvell Technology Group Ltd. (NASDAQ:MRVL) on its "high conviction" list for the first quarter, and called the semiconductor stock a "buy" -- echoing a recent bullish call from Citigroup. The upbeat analyst note has MRVL stock brushing off broad-market headwinds to trade up 0.3% at $16.23.Longer te...Read More
Shares in explorer SolGold (LON, TSX:SOLG) closed 2.3% higher in London and were trading up 8.3% in Toronto early morning after it announced it had discovered a new copper and gold mineralization at its Porvenir project, located in southern Ecuador.A broad zone of northeast-trending porphyry mineralization about 1km-wide and hosting numerous porphyry centres currently defined over 6km-long and...Read More
Shares in explorer SolGold (LON, TSX:SOLG) closed 2.3% higher in London and were trading up 8.3% in Toronto early morning after it announced it had discovered a new copper and gold mineralization at its Porvenir project, located in southern Ecuador.A broad zone of northeast-trending porphyry mineralization about 1km-wide and hosting numerous porphyry centres currently defined over 6km-long and...Read More
Shares in explorer SolGold (LON, TSX:SOLG) closed 2.3% higher in London and were trading up 8.3% in Toronto early morning after it announced it had discovered a new copper and gold mineralization at its Porvenir project, located in southern Ecuador.A broad zone of northeast-trending porphyry mineralization about 1km-wide and hosting numerous porphyry centres currently defined over 6km-long and...Read More
Shares in explorer SolGold (LON, TSX:SOLG) closed 2.3% higher in London and were trading up 8.3% in Toronto early morning after it announced it had discovered a new copper and gold mineralization at its Porvenir project, located in southern Ecuador.A broad zone of northeast-trending porphyry mineralization about 1km-wide and hosting numerous porphyry centres currently defined over 6km-long and...Read More
Shares of ABT and HOLX are in the red as a result In our Opening View newsletter today, we noted the high number of analyst notes that have come out this morning, not surprising given the turn of the calendar year. Two stocks that analysts are bearish on going forward are healthcare names Abbott Laboratories (NYSE:ABT) and Hologic, Inc. (NASDAQ:HOLX). Below is a brief look at how brokerages are po...Read More
Newly public Finland gold explorer Firefox Gold (TSXV: FFOX) recently identified five new gold targets on its Jeesio gold project in Northern Finland's central Lapland greenstone belt after compiling samples in its geochemical database.The 2,751-sample Jeesio database contains 838 new till samples from the company's recently completed bottom of till sampling program, 768 historical Geological Su...Read More
Newly public Finland gold explorer Firefox Gold (TSXV: FFOX) recently identified five new gold targets on its Jeesio gold project in Northern Finland's central Lapland greenstone belt after compiling samples in its geochemical database.The 2,751-sample Jeesio database contains 838 new till samples from the company's recently completed bottom of till sampling program, 768 historical Geological Su...Read More
SIRI stock is up after an analyst upgradeThe shares of Sirius XM Holdings Inc (NASDAQ: SIRI) are up 0.9% at $5.76, on an upgrade from J.P. Morgan Securities. The brokerage firm raised its rating to "overweight" from "underweight," and hiked its price target to $7 from $6 -- a near 23% premium from current levels -- saying SIRI's recent pullback is a buying opportunity. Despite ending 2018 with a...Read More
ATVI is fresh off its worst quarter since 2000The shares of Activision Blizzard, Inc. (NASDAQ:ATVI) are poised to start off the new year on a dour note, down 2% this morning at $45.62. Late Monday night, a securities filing revealed the video game maker had placed Chief Financial Officer (CFO) Spencer Neumann on paid leave, with plans to terminate him. According to the Wall Street Journal, Neuman...Read More
South Korean plaintiffs in a World War Two forced labour court case against Japan's Nippon Steel & Sumitomo Metal Corp have applied to seize some of Nippon Steel's Korean assets, their lawyers said on Wednesday.The application for the asset seizure, if approved by the court, could further strain South Korea's already frosty bilateral relations with Japan over the issue.Japan denounced a South Kore...Read More
The Dow is on pace to open down more than 400 pointsFutures on the Dow Jones Industrial Average (DJI) are trading far below fair value ahead of the first trading day of 2019. Investors are reacting to weak manufacturing data out of China, which has caused a sharp pullback in equity benchmarks overseas and has put fears of a global economic slowdown in focus this morning -- adding to the list of po...Read More
The stock market "secret" no one is talking about.The world's richest investors have been using this simple "trick" to build massive fortunes for decades.They've done everything in their power to hide the truth from individual investors. In the process they've created a totally uneven playing field... where most of the players don't even know the rules of the game.This lack of fairness is one of...Read More
Gold's year-end rally is pushing into 2019, with bullion advancing for a fifth straight day as equities posted fresh losses after the worst year since the financial crisis.The metal hit a six-month high nearing $1,300 an ounce, even as some daily technical indicators highlighted the potential for a reversal after recent gains. The advance came as fresh figures showed China manufacturing shrinking...Read More
Cobalt 27 Capital has entered an agreement to acquire ASX-listed Highlands Pacific. The acquisition, valued at $96 million, will increase Cobalt 27's exposure to nickel through the Ramu nickel-cobalt mine in Papua New Guinea. Highlands Pacific owns an 8.56% interest in the mine, which is majority owned by Metallurgical Corp. of China Ltd.Cobalt 27 has agreed to pay A10.5 ? in cash per share for...Read More
Cobalt 27 Capital has entered an agreement to acquire ASX-listed Highlands Pacific. The acquisition, valued at $96 million, will increase Cobalt 27's exposure to nickel through the Ramu nickel-cobalt mine in Papua New Guinea. Highlands Pacific owns an 8.56% interest in the mine, which is majority owned by Metallurgical Corp. of China Ltd.Cobalt 27 has agreed to pay A10.5 ? in cash per share for...Read More