Retail stocks are in focus today, with shares of Macy's (M) and Dillard's (DDS) gapping higher after the department stores reported earnings earlier. Sector peers J C Penney Company Inc (NYSE:JCP) and Kohl's Corporation (NYSE:KSS) are both slated to unveil their quarterly results later this week, and options traders are blasting the equities this afternoon.J C Penney Options Traders Target April C...Read More
Jo??o Andrade, chief executive of WideCells Group PLC (LON:WDC), tells Proactive's Andrew Scott they've taken a significant step today towards becoming an end-to-end stem cell service company.The group's been granted a licence by the UK's Human Tissue Authority, which allows them to import, export, process, store and distribute for treatment umbilical cord blood and tissue.What in practice this of...Read More
By Trevor HunnicuttFeb 27 (Reuters) - The U.S. Federal Reserve is "looking into" whether exchange-traded funds (ETFs) influenced the stock selloff earlier this month, but the investments were not likely "at the heart" of what happened, Chairman Jerome Powell said on Tuesday.The S&P 500 fell 10 percent from Jan. 26 to Feb. 8 in a decline investors linked to fears about risin...Read More
Nakama Group plc's (LON:NAK) shares tumbled after the recruitment firm issued a profit warning.When it released its interims at the end of November, the board had expected an improvement in trading in the second half of the year; that improvement has not materialised and the business has continued to make a loss in Australia, Singapore and London.With a new chief executive and non-executive chairm...Read More
Drugmaker Valeant Pharmaceuticals Intl Inc (NYSE:VRX) will step up to the earnings plate before the open tomorrow. Despite a big earnings win for sector peer Mallinckrodt (MNK) today, the shares of VRX are down 0.5% to trade at $18.77 this afternoon. However, VRX stock has made huge moves after earnings, historically, and it looks like recent options buyers are betting on a rally soon.Looking back...Read More
(Kitco News)- Furthertightening of U.S. monetary policy will be negative for the gold market in thenear term, but according to one research firm, lower prices could represent along-term buying opportunity.Ina telephone interview with Kitco News Michael Howell, managing director atCrossborder Capital, said that he sees long-term potential for gold as the U.S.dollar weakens and bond yields rise as i...Read More
Stephen Van Deventer, chairman and CEO of PreveCeutical Medical Inc (CSE: PREV, OTCQB: PRVCF) and chief research officer Dr Harry Parekh discuss with Proactive the health sciences specialist's four exciting programmes.Their most advanced is centred around Cannabidiol (CBD) - a non-psychoactive compound found in the cannabis plant and is now widely used to treat chronic pain, multiple sclerosis and...Read More
The Graphene Flagship Head of Innovation Kari Hjelt tells Proactive Investors at the Graphene for U.S. 2018 Conference in New York that they are looking to commercialize the material that "solves all of the problems in the world."Hjelt says the ?,?1 bln European research program is seeking companies and investors to commercialize and create the whole ecosystem on graphene. Meet Scancell Hold...Read More
David Linsley and Thomas Horton from Pembridge Resources plc (LON:PERE) update Proactive on the latest since their decision earlier this month to acquire Yukon-based Minto Explorations.In 2017, the open pit mine produced 16,332 tonnes of copper, 170,809 ounces of silver and 25,205 ounces of gold.This year, vendor Capstone Mining has forecast 19,000 tonnes of copper at a cash cost of US$2.35 to US$...Read More
(Adds amount of the IPO, company description and banks managing the offering)By Carolina Mandl and Aluisio AlvesSAO PAULO, Feb 27 (Reuters) - Brazilian healthcare insurer Hapvida Participa???ues e Investimentos SA filed for an initial public offering on the Sao Paulo stock exchange on Monday, according to a securities filing.The offering will have a primary portion, in which the company will issu...Read More
* Powell sees more rate increases despite U.S. stimulus * Gold seen falling below $1,300/oz by end of Q1 - analyst (Recasts throughout, updates prices, headline, market reaction; adds comment, NEW YORK to dateline)By Renita D. Young and Eric OnstadNEW YORK/LONDON, Feb 27 (Reuters) - Gold prices were down 1 percent Tuesday after the new U.S central bank chairman pledged to stick with gradual intere...Read More
Michael Infante, chairman and chief executive of the music streaming specialist One Media IP Group Plc (LON:OMIP), tells Proactive's Andrew Scott they more than doubled underlying profits in the latest full year as the trend for downstream music gathered pace.Revenues rose by 14% to ?2.33mln, while underlying profit [EBITDA] jumped 121% to ?536,000.The group's copyright and content search tool T...Read More
WASHINGTON, Feb 27 (Reuters) - Only the Federal Reserve Bank of Dallas pushed for an increase in the rate commercial banks are charged for emergency loans ahead of the U.S. central bank's last policy meeting, minutes from the discussion of the discount rate showed on Tuesday.The Fed left its benchmark lending rate and the discount rate unchanged at its Jan. 30-31 meeting. Policymakers raised inter...Read More
Scotland will soon have its first commercial gold and silver mine after authorities unanimously approved Tuesday Scotgold Resources' (LON: SGZ) application for the development of its Cononish project.The asset produced first gold in August 2016 following the launch of an ore processing trial, but after the approval by the Loch Lomond and the Trossachs National Park Authority, the plan is now to bu...Read More
Scotland will soon have its first commercial gold and silver mine after authorities unanimously approved Tuesday Scotgold Resources' (LON: SGZ) application for the development of its Cononish project.The asset produced first gold in August 2016 following the launch of an ore processing trial, but after the approval by the Loch Lomond and the Trossachs National Park Authority, the plan is now to bu...Read More
Scotland will soon have its first commercial gold and silver mine after authorities unanimously approved Tuesday Scotgold Resources' (LON: SGZ) application for the development of its Cononish project.The asset produced first gold in August 2016 following the launch of an ore processing trial, but after the approval by the Loch Lomond and the Trossachs National Park Authority, the plan is now to bu...Read More
Weight Watchers International, Inc. (NYSE:WTW) will report fourth-quarter earnings after tonight's close, and ahead of the event, the stock is trading down 2.7% at $69.69 on negative earnings reactions for sector peers NutriSystem (NTRI) and Vitamin Shoppe (VSI). WTW shares have a positive history of post-earnings price action, though, having closed higher the next day in six of the past eight qua...Read More
Feb 28 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,056.90 14.70 NZX 50**8,360.38 19.85DJIA25,642.81-66.46NIKKEI**22,389.86236.23Nasdaq7375.22-46.244 FTSE**7,282.45 -7.13S&P 500 2,766.03 -13.57Hang Seng** 31,268.66-229.94SPI 200 Fut 6,021.00 -15.00STI** 3,540.39 -15.46SSEC**3,291.53 -38.05KOSPI** 2,456.14 -1.51-------------------------------------------------------...Read More
Volatility stormed back into the stock market in a big way in February, with the major market indexes kicking the month off with a correction. Of course, stocks have since rebounded from those lows, with the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) back within striking distance of all-time highs. Nevertheless, the pair of indexes are on pace to snap lengthy monthly win streaks --...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More