S&P 500 index gained 1.3% on Wednesday, following lower opening of the trading session. The market has extended its rally from Friday's low. But will it continue higher today? We can see some short-term overbought conditions. Was this two-week-long sell-off the beginning of a new medium-term downtrend or just downward correction before another leg up? It's hard to say, but this move down set t...Read More
Even amid a broader stock market correction, shares of Skechers USA Inc (NYSE:SKX) topped out at a two-year high of $42.73 on Feb. 9, after the footwear retailer's fourth-quarter earnings and revenue beats were met with a round of price-target hikes. While SKX stock consolidated gains this week, it has pulled back to a trendline that has had bullish implications in the past. With plenty of skeptic...Read More
In light of the holiday-shortened week, things will be relatively slow on the economic front, but Wednesday will feature the release of the Federal Open Market Committee's (FOMC) latest meeting minutes, which traders will parse for rate-hike clues. Earnings reports will continue to trickle in, with blue chips Walmart (WMT) and Home Depot (HD) set to report. Other notable names stepping up to the p...Read More
Gold futures on Thursday ended slightly lower, retreating from the highest finish in nearly three weeks, taking cues from a rally in stocks that hinted that investors were wading deeper into assets perceived as risky after a period of turbulence in equities. April goldGCJ8, +0.01% fell $2.70, or 0.2%, to $1,355.30 an ounce after a settlement at $1,358 Wednesday. The gold-backed exchange-traded fun...Read More
Gold futures on Thursday ended slightly lower, retreating from the highest finish in nearly three weeks, taking cues from a rally in stocks that hinted that investors were wading deeper into assets perceived as risky after a period of turbulence in equities. April goldGCJ8, -0.44% fell $2.70, or 0.2%, to $1,355.30 an ounce after a settlement at $1,358 Wednesday. The gold-backed exchange-traded fun...Read More
(Adds availability of graphics)NEW YORK, Feb 15 (Reuters) - U.S. 30-year mortgage rates climbed to their highest in almost four years in line with U.S. bond yields on worries about rising inflation amid an improving global economy, Freddie Mac said on Thursday.The housing market seems resilient in the face of rising home borrowing costs. Housing demand remains sturdy with rising income, while hom...Read More
• Rising US bond yields capping additional gains. • Weaker USD continues to lend support. • Remains poised to extend the bullish momentum. Gold stalled its mid-European retracement near $1350 level and has now moved back within striking distance of 3-week tops touched earlier. Persistent US Dollar selling bias continues to under...Read More
BUENOS AIRES, Feb 15 (Reuters) - Consumer prices in Argentina rose 1.8 percent in January, bringing the 12-month inflation rate to 25 percent, government data showed on Thursday.The central bank is targeting inflation of 15 percent this year. In greater Buenos Aires, which had been used as a proxy for the country's inflation before the Indec statistics agency launched a nationwide index last year,...Read More
By Joshua FranklinNEW YORK, Feb 15 (Reuters) - Ares Management LP said on Thursday it would convert its structure from a publicly listed partnership into a corporation, the first private equity firm to decide such a move following the enactment of U.S. tax reform.The switch will expand the potential shareholder base of Ares, because it will allow index funds that were previously restricted from ow...Read More
The shares of Teck Resources Ltd (NYSE:TECK) rallied on Wednesday, after the company reported earnings and said it expects strong demand for steelmaking coal this year. While TECK stock was last seen modestly lower today, the security recently sent up a pair of historical "buy" signals -- and now could be an opportune time to purchase call options on the commodity stock.The shares were last seen t...Read More
Mr. Antonio Berlanga reportsTELSON DISCLOSES TAHUEHUETO MINING & CONCENTRATE PREPRODUCTION, METALLURGICAL BALANCES & CASH SALE RESULTS FOR 2017 AND ANNOUNCES PLANS FOR CORPORATE NAME CHANGETelson Resources Inc. has released the results of preproduction mining and processing at its 100-per-cent-owned Tahuehueto mine development project located in Durango, Mexico.Preproduction mining averagi...Read More
Mr. Nav Dhaliwal reportsBONTERRA ANNOUNCES $21.5 MILLION PRIVATE PLACEMENTBonterra Resources Inc. has entered into an agreement with Sprott Capital Partners to act as lead agent, on its own behalf and, if applicable, on behalf of a syndicate of agents,in connection with a marketed private placement to raise gross proceeds of $21,495,000.The offering will consist of a combination of: (a) 13.3 milli...Read More
Mr. Antonio Berlanga reportsTELSON DISCLOSES TAHUEHUETO MINING & CONCENTRATE PREPRODUCTION, METALLURGICAL BALANCES & CASH SALE RESULTS FOR 2017 AND ANNOUNCES PLANS FOR CORPORATE NAME CHANGETelson Resources Inc. has released the results of preproduction mining and processing at its 100-per-cent-owned Tahuehueto mine development project located in Durango, Mexico.Preproduction mining averagi...Read More
Mr. Nav Dhaliwal reportsBONTERRA ANNOUNCES $21.5 MILLION PRIVATE PLACEMENTBonterra Resources Inc. has entered into an agreement with Sprott Capital Partners to act as lead agent, on its own behalf and, if applicable, on behalf of a syndicate of agents,in connection with a marketed private placement to raise gross proceeds of $21,495,000.The offering will consist of a combination of: (a) 13.3 milli...Read More
* Cisco shares up after upbeat results and forecast* Apple gains after Berkshire Hathaway boosts stake* Oil prices fall, dragging energy stocks* Indexes up: Dow 0.4 pct, S&P 0.5 pct, Nasdaq 0.88 pct (Updates to early afternoon)By Sruthi Shankar and Aparajita SaxenaFeb 15 (Reuters) - U.S. stocks were on course for their fifth straight day of gains on Thursday, led by technology and industrial s...Read More
Ken Kroeger, executive chairman of Seeing Machines Limited (LON:SEE), tells Proactive's Andrew Scott it's been a great first half.''The capital raise was a big part of the activity. We've got great continued and increased support from our traditional shareholders as well as some great new institutional investors.''''The first half of the year tracking to target - a lot of activity in the automotiv...Read More
Subscribers to Schaeffer's Option Advisor service recently doubled their money on Kraft Heinz Co (NASDAQ:KHC) April 82.50 puts. We're going to dissect the options trade below, looking back at what originally attracted us to KHC and how the stock performed after we recommended the puts. We recommended the put option in late December. KHC shares at that time had bounced off their late-October annua...Read More
The shares of athletic apparel retailer Foot Locker, Inc. (NYSE:FL) on Wednesday climbed atop their 10-day and 30-day moving averages for the first time since Jan. 29, when the stock was flirting with six-month highs. FL stock has soared more than 50% in the past three months alone, and could outperform next week, if recent history is any indicator.Not only is Foot Locker stock typically among the...Read More
(Kitco News) - Goldprices were ending the U.S. day session modestly lower Thursday, on a minordownside correction from the strong gains seen Wednesday. Still, the gold bullsthis week have gained technical power to suggest more upside price action islikely in the near term. April Comex gold futures were last down $3.40 an ounceat $1,354.60. March Comex silver was last down $0.088 at $16.79 an ounce...Read More
(Kitco News) - Gold prices were ending the U.S. day session modestly lower Thursday, on a minor downside correction from the strong gains seen Wednesday. Still, the gold bulls this week have gained technical power to suggest more upside price action is likely in the near term. April Comex gold futures were last down $3.40 an ounce at $1,354.60. March Comex silver was last down $0.088 at $16.79 an...Read More