After a strong start to 2018, the value of the world's largest mining stocks began turning down well before summer as worries about a China-US trade war continued to mount.Even before the Trump-Xi tariff battles began, fears of a slowdown in China, consumer and producer of nearly half the world's metals and minerals, were gnawing at investors hoping for another year of strong gains for the industr...Read More
After a strong start to 2018, the value of the world's largest mining stocks began turning down well before summer as worries about a China-US trade war continued to mount.Even before the Trump-Xi tariff battles began, fears of a slowdown in China, consumer and producer of nearly half the world's metals and minerals, were gnawing at investors hoping for another year of strong gains for the industr...Read More
"Take 5 minutes and read up on the premier cobalt play, Canada Cobalt Works! #CCW $CCW @CanadaCobalt #Cobalt #Mining #Silver #TSXV #SmallCaps #batterymetals #electriccar #battery #Momentumstocks #batterymetals https://t.co/rMjJTfFL22"Read full newsRead More
The shares are once again bouncing from their 160-day moving averageThe shares of Glu Mobile Inc. (NASDAQ:GLUU) are up 104.4% year-to-date and are on pace for their best year since 2009. More recently, the stock surged after Cowen named it a top pick for 2019, bringing it within striking distance of its mid-October multi-year peak. GLUU has since pulled back to its 160-day moving average, which,...Read More
Elon Musk took to Twitter on the day after Christmas to remind everyone how important driving an electric car is for the environment and to let them know that the Supercharger network will cover all of Europe, North America, Mexico, and China by the end of 2019.Read full newsRead More
The stock tends to rally after pullbacks to its 320-day trendlineThe shares of Waste Management, Inc. (NYSE:WM) rallied to a record high of $95.49 in early December, before pulling back sharply with the broader stock market -- down 1.3% today at $85.78. However, the waste removal stock is now trading near a trendline with historically bullish implications, hinting at a strong start to the new year...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
Stop picking losers with this strategy used by the richest investors.Forget P/E ratios and earnings per share...Forget the advice to "buy what you know" (no matter what Warren Buffett says)...Forget everything you think you know about picking stocks...The world's richest investors don't pay attention to any of that stuff. They know none of those factors impact the direction a stock's price is abou...Read More
The U.S.-China trade war that's ravaged most commodities failed to dent 2018's best-performing major metal. Many analysts don't see much standing in the way of further gains in 2019.Shortages of palladium sent prices of the commodity used in autocatalysts to a record this year, at times surging past gold to become the most precious of major metals. Citigroup Inc. sees no supply relief soon. Users...Read More
No sector has managed to avoid the market's weaknessThe Dow Jones Industrial Average (DJI) is holding in negative territory today, giving back a chunk of yesterday's record-setting gains. Almost all sectors are trading in the red today, as investors digest not only a bigger-than-expected drop in consumer confidence this month, but some troubling geopolitical headlines, as well. In the meantime, th...Read More
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced this week that it has acquired 12,500,000 common shares of Sun Metals (TSX.V: SUNM) a Vancouver-based mineral exploration company.The shares were acquired for an aggregate purchase price of $3.5m, and were acquired privately on Dec. 20, 2018 pursuant to a donation arrangement. As a result, Teck holds approximately 13.8%...Read More
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced this week that it has acquired 12,500,000 common shares of Sun Metals (TSX.V: SUNM) a Vancouver-based mineral exploration company.The shares were acquired for an aggregate purchase price of $3.5m, and were acquired privately on Dec. 20, 2018 pursuant to a donation arrangement. As a result, Teck holds approximately 13.8%...Read More
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced this week that it has acquired 12,500,000 common shares of Sun Metals (TSX.V: SUNM) a Vancouver-based mineral exploration company.The shares were acquired for an aggregate purchase price of $3.5m, and were acquired privately on Dec. 20, 2018 pursuant to a donation arrangement. As a result, Teck holds approximately 13.8%...Read More
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced this week that it has acquired 12,500,000 common shares of Sun Metals (TSX.V: SUNM) a Vancouver-based mineral exploration company.The shares were acquired for an aggregate purchase price of $3.5m, and were acquired privately on Dec. 20, 2018 pursuant to a donation arrangement. As a result, Teck holds approximately 13.8%...Read More
Fed Chair Jerome Powell will speak on FridayNext week's schedule will be slightly abbreviated on Wall Street, with markets closed on Tuesday for New Year's Day. Despite the shortened week, Thursday and Friday will bring a flurry of economic data. Specifically, jobless claims, the Institute for Supply Management (ISM) manufacturing index, and the nonfarm payrolls report for December will all be re...Read More
Russia's state-owned nuclear power company Rosatom has offered Chile's government technology it says can boost output of lithium, a key ingredient in electric vehicle batteries, according to lobbyist transparency filings reviewed by Reuters.In separate meetings in late November, lobbyists for the Uranium One Group, a wholly owned subsidiary of Rosatom, told officials at two Chilean agencies they c...Read More
Russia's state-owned nuclear power company Rosatom has offered Chile's government technology it says can boost output of lithium, a key ingredient in electric vehicle batteries, according to lobbyist transparency filings reviewed by Reuters.In separate meetings in late November, lobbyists for the Uranium One Group, a wholly owned subsidiary of Rosatom, told officials at two Chilean agencies they c...Read More
The shares are failing to capitalize on the upgrade, thoughBofA-Merrill Lynch upgraded Pattern Energy Group Inc (NASDAQ:PEGI) to "neutral" from "underperform," calling the renewable energy stock's recent sell-off overdone. The shares have shed 7.4% this quarter, and while the analyst in coverage expects a bottom to be near, they lowered their PEGI price target to $18.50 from $20.Most analysts are...Read More
JD shares are up this morning on reports of restructuring JD.com Inc (NASDAQ:JD) shares are up 3.3% to trade at $21.83, at last check. Earlier today, it was reported that the Chinese e-commerce giant plans to restructure its JD Mall unit into threedepartments, according to an internal document cited by the Wall Street Journal. The article said the revamp is a chance to "change the narrative" (sub...Read More
WATT has made big moves in 2018Energous Corp (NASDAQ:WATT) is trading 38.3% higher this morning at $6.37, following news the company's sound amplification device, Delight, has been approved for sale in the U.S. by the Federal Communications Commission (FCC). The Delight PSAP is similar to a hearing aid, but will be available without a prescription. Back in September, WATT stock got a bump after it...Read More