Put buying on SIG surged in recent weeksSignet Jewelers Ltd. (NYSE:SIG) is one of the biggest losers on Wall Street this morning. The stock was last seen trading down 23.2% at $25.63 -- fresh off a nine-year low of $25.51 -- after the company cut its fourth-quarter and full-year forecasts due to a weak holiday season. One reason given for the poor performance was a sharp drop in traffic at brick-a...Read More
These S&P stocks tend to stand out in the short holiday weekNext week will be a short one for traders, as U.S. equity markets will be closed on Monday, Jan. 21, in honor of Martin Luther King Jr. Day. The federal holiday is observed on the third Monday of each calendar year -- to roughly coincide with the late Dr. King's birth date of Jan. 15 -- and 2019 will mark the 21st year that the stock mark...Read More
The shares are set for their best day in monthsThe shares of Adamis Pharmaceuticals Corp (NASDAQ:ADMP) have added 11.2% to trade at $2.92 in early market trading, on the U.S. launch of the company's allergy treatment, Symjepi. The drug -- launched by commercial partner Sandoz -- will directly compete with pharma company Mylan's (MYL) popular EpiPen. The jump has ADMP stock pacing for its third str...Read More
Gold mining veteran Rob McEwen is nothing if not optimistic.The founder of Goldcorp Inc. is sticking with his bold prediction that the precious metal will soar almost fourfold to $5,000 an ounce, bolstered by a weaker dollar and waning demand for trendy assets like pot stocks."Once people get over buying cryptos and biotech and cannabis stocks they're going to start looking at gold again," the chi...Read More
"Orocobre's outgoing CEO says there won't be an immediate uptick in #lithium prices. The company said last month it was getting US$10k/t for its lithium carbonate ($) | https://t.co/mhZXGdTouS $ORE #ASX"Read full newsRead More
LONDON - The London Metal Exchange (LME) will launch seven new cash-settled futures contracts on March 11, including hot-rolled coil (HRC) steel and alumina, it said on Thursday.The exchange, the world's oldest and largest market for industrial metals, also said in a statement that it expected to launch a lithium contract in the fourth quarter."We believe that these new cash-settled contracts... w...Read More
Chile's Cochilco state copper commission on Thursday maintained its average price prediction of $3.05 per pound for 2019, rising to $3.08 for 2020, amid the continuing U.S.-China trade war and further potential volatility because of Brexit.Cochilco said it saw production at 5.941 million tonnes for 2019, up 1.6 percent from 5.845 million in 2018, and a 227,000 tonne deficit in the global market fo...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee"), is pleased to announce today the finalization of an integration agreement for the Venzee distribution platform with an existing product content management engine. This agreement is an enhancement to a relationship with an existing referral partner based in the European Market."Integrating to existing platforms...Read More
Netflix will report earnings after the closeDow Jones Industrial Average (DJI) futures are trading below fair value this morning, as attention stays on fourth-quarter earnings season. Traders are digesting Morgan Stanley's (MS) quarterly report, though the shares are set for sharp losses at the open. Later on, after the closing bell, Netflix (NFLX) earnings will be the major story, with blue chip...Read More
AKS options traders have heavily favored putsThe shares of AK Steel Holding Corporation (NYSE:AKS) aredown 1.9% in electronic trading, after Clarksons Platou Securities downgraded the steel name to "neutral" from "buy," and trimmed its price target to $3 from $5.10. Earlier this week, Goldman Sachs gave AKS a price-target cut to $2.5 from $4, while noting the initial investor excitement around t...Read More
Cornish Lithium, a start-up hoping to lead the development of an industry for the battery metal in the UK, has secured a further ?1 million (about $1.3 million) from its existing investors, which will allow the firm to expand its ongoing drilling work in the ancient mining region of Cornwall, in south-west England.A year ago, the company said it needed about ?5 million to develop its project, w...Read More
The Chinese central bank has done it again and in Thursday's open market operation the PBOC injected a whopping 380BN in open market liquidity, bringing the week's total to a gargantuan 1.14 trillion.Read full newsRead More
• The precious metal struggled to build on the overnight positive momentum and was again seen retreating from the top end of a near one-week-old trading range. • The recent price-action constituted towards the formation of a rectangle, usually seen as continuation pattern but sometimes mark significant trend tops/bottoms. •&nb...Read More
(Recasts ahead of U.S. trading, updates prices throughout) * European car shares fall on U.S. tariff worries * Beijing injects masses of cash into financial system * Huawei subject of U.S., German displeasure* Pound supported as May wins confidence vote * Graphic: World FX rates in 2019* Asian stock markets: By Marc JonesLONDON, Jan 17 (Reuters) - Concern over China's economicoutlook and possible...Read More
Spey Resources (CSE: SPEY) announced that it has entered into an option agreement with Geoxplor Corp. to acquire a 100% interest in the Uravan vanadium-uranium project located in the La Sal area of San Juan County, Utah.Under the terms of the agreement, the Canadian miner has to pay the exploration company $310,000 cash, issue 3.5 million common shares, and make an additional payment of $1 million...Read More
Northern Superior Resources (TSX-V: SUP) issued a press release this week stating that it is ready to move forward with both its TPK gold-silver-copper project located in northwestern Ontario and its Lac Surprise gold project located in Quebec.The Sudbury-based company said it expects to start drilling at the Ti-pa-haa-kaa-ning property, known for its initials TPK, by mid-February, following the c...Read More
Northern Superior Resources (TSX-V: SUP) issued a press release this week stating that it is ready to move forward with both its TPK gold-silver-copper project located in northwestern Ontario and its Lac Surprise gold project located in Quebec.The Sudbury-based company said it expects to start drilling at the Ti-pa-haa-kaa-ning property, known for its initials TPK, by mid-February, following the c...Read More
Northern Superior Resources (TSX-V: SUP) issued a press release this week stating that it is ready to move forward with both its TPK gold-silver-copper project located in northwestern Ontario and its Lac Surprise gold project located in Quebec.The Sudbury-based company said it expects to start drilling at the Ti-pa-haa-kaa-ning property, known for its initials TPK, by mid-February, following the c...Read More
(Updates with closing prices)By Eric OnstadLONDON, Jan 17 (Reuters) - Aluminium fell on Thursday aftera vote by U.S. lawmakers cleared the way for sanctions to belifted on major producer Rusal, potentially increasing supply.The U.S. Senate on Wednesday rejected legislation to keepsanctions on companies linked to Russian oligarch OlegDeripaska, including Rusal . In December, the U.S. Treasury said...Read More
The floodgates are about to open, and early investors stand to reap some major rewards.Everyone knows: It's the casino that NEVER LOSES.And for years, the gaming industry has been stuck in a legal limbo, with black market bookies and smoky underground clubs soaking up billions in potential profits.But the floodgates are about to open to the general public.A key law outlawing online gambling across...Read More