Recent News

2 Stocks Sinking After Earnings

February 08, 2018 / www.schaeffersresearch.com

Volatility continues to run rampant on Wall Street today, with the Dow last seen down over 600 points. Among individual stocks moving lower today are automaker Tesla Inc (NASDAQ:TSLA) and high-end retailer Canada Goose Holdings (NYSE:GOOS), though tech concern Infinera Corp. (NASDAQ:INFN) is soaring. Here's a closer look at what's moving shares of TSLA, GOOS, and INFN today.Tesla Stock Stall...Read More

Westhaven Receives LEI Number

February 08, 2018 / bit.ly

Westhaven Ventures Inc. (TSX-V:WHN) (WKN:A2AP3Q) is pleased to announce that it has been assigned the Legal Entity Identifier ("LEI") number 2549006LQ1TAHZLTOF64.Read full newsRead More

Weakness in gold price after market volatility eases

February 08, 2018 / www.proactiveinvestors.co.uk

Mining Capital's Alastair Ford says after nearly touching the US$1400 an ounce barrier, gold's bumping along at monthly lows.''It's back down now closer to US$1300 an ounce after a couple of weeks of unexpected volatility in the markets.''For investors looking for exposure to gold, Ford mentions a couple of examples including Caledonia Mining Corporation PLC (LON:CMCL,TSX:CAL) and Anglo Asian Mini...Read More

Using Options to Find Investor Sentiment Extremes

February 08, 2018 / www.schaeffersresearch.com

Option open interest is the number of outstanding calls or puts that have been bought or sold to open, but have yet to expire or be closed. To analyze stocks, we often use option open interest as a means of measuring the relative levels of investor optimism and pessimism. More specifically, we utilize the Schaeffer's put/call open interest ratio (SOIR) as a sentiment indicator to gauge near-term t...Read More

Congress To Vote On Long-Term Budget Deal, Averting Shutdown

February 08, 2018 / www.kitco.com

Richard Cowan, David MorganWASHINGTON (Reuters) - U.S. lawmakers were expected to vote on Thursday on a two-year budget deal that would avert another government shutdown but add $300 billion to the federal deficit and leave the thorny issue of immigration unresolved.The plan faced resistance from conservatives in the Republican Party, who favor less spending on domestic government programs.At the...Read More

UPDATE 1-Mexico central bank hikes key rate to contain inflation worries

February 08, 2018 / www.kitco.com

(Adds central bank comments)MEXICO CITY, Feb 8 (Reuters) - Mexico's central bank raised interest rates on Thursday to a nine-year high and said it could act again, if needed, to contain worries that inflation may not cool as quickly as forecast.Banco de Mexico's governing board unanimously voted to hike the key rate by 25 basis points to 7.50 percent, its highest since February 2009, as forecast...Read More

Fed's Dudley Signals Support For March Hike If U.S. Economy Remains Strong

February 08, 2018 / www.kitco.com

WASHINGTON (Reuters) - New York Federal Reserve President William Dudley said on Thursday that as long as the U.S. economy continue to grow at an above trend pace, he would be in favor of another interest rate rise at the U.S. central bank’s upcoming meeting in March.“We have above-trend growth, we have buoyant financial conditions, we still have an easy monetary policy and this is all...Read More

Gold price: Value of ETF bullion tops $100 billion for first time in 5 years

February 08, 2018 / www.mining.com

On Thursday gold lifted from the 2018 low the metal struck yesterday, exchanging hands for $1,320.40 near the close of trading.Despite recent weakness gold is still up by $75 an ounce since mid-December after large-scale speculators increased their exposure to gold on derivatives markets for the seventh week in a row. Hedge funds have more than doubled net long positions - bets that gold will be m...Read More

Mining giants in $4.4bn platinum JV

February 08, 2018 / www.eurasianbusinessbriefing.com

Russia is on track to overtake South Africa as the world's largest platinum producer after its two mining giants Norislk Nickel and Russian Platinum this week announced that they are to invest $4.4bn in a joint venture to develop some of the richest known precious metals deposits on Siberia's Taimyr Peninsula. The deposits contain proven ore reserves ...Read full newsRead More

Coca-Cola, Cisco Systems Earnings in Focus Next Week

February 08, 2018 / www.schaeffersresearch.com

Earnings season will continue to roll along next week. Leading the pack are blue chips Coca-Cola Co (NYSE:KO) and Cisco Systems, Inc. (NASDAQ:CSCO), alongside other notables including Under Armour Inc (NYSE:UAA), PepsiCo, Inc. (NASDAQ:PEP), and Deere & Company (NYSE:DE). On the economic front, Wall Street will digest the latest round of inflation data -- a hot topic of late -- on top of monthly re...Read More

PRECIOUS-Gold prices flat, concern over rising interest rates weighs

February 08, 2018 / www.kitco.com

* Gold flat, bounces after slide to one-month low* Bank of England statement feeds rate-hike jitters* Palladium breaks below technical support (New throughout; updates prices, market activity and comments; adds second byline, NEW YORK dateline)By Renita D. Young and Peter HobsonNEW YORK/LONDON, Feb 8 (Reuters) - Gold prices were flat on Thursday, slumping early on concern about rising U.S. bond yi...Read More

QQQ Options Bear Targets Bigger Tech Losses

February 08, 2018 / www.schaeffersresearch.com

Volatility has ramped back up on Wall Street, with the CBOE Volatility Index (VIX) earlier this week topping the key 50 handle for the first time since August 2015. Most of the price action for stocks has occurred to the downside, and the tech sector has not been immune. More specifically, the PowerShares QQQ Trust (QQQ) has plunged 8.5% from its late-January record high of $170.95 -- a move that...Read More

Options Bears Cash Out as Molson Coors Stock Slides

February 08, 2018 / www.schaeffersresearch.com

Subscribers to our Weekend Trader service recently doubled their money on Molson Coors Brewing Company (NYSE:TAP) April 90 puts. We're going to dissect the options trade below, looking back at what originally attracted us to TAP and how the stock performed after we recommended the puts. We entered the trade back on Jan. 16, when the stock was trading near $85. The shares had been trending lower fo...Read More

Flying Brands lifts off as it confirms advanced talks regarding a North American acquisition

February 08, 2018 / www.proactiveinvestors.co.uk

Flying Brands Limited (LON:FBDU) saw its shares lift off in afternoon trading, gaining 16.7% at 5.25p after the medical services and software company confirmed that it is in advanced negotiations in respect of an acquisition of a North American medical imaging software and analytics company.The AIM listed firm said the acquisition target owns FDA approved medical imaging software using artificial...Read More

TREASURIES-Yields rise as stocks pare losses, on hawkish BoE

February 08, 2018 / www.kitco.com

(Adds auction results, quotes; updates prices)* Bank of England may accelerate rate increases* Treasury has soft demand for $30-year bond auction* Choppy stocks trading sways bond prices By Karen BrettellNEW YORK, Feb 8 (Reuters) - U.S. Treasury yields rose on Thursday in choppy trading as stocks pared some of their earlier weakness and after the Bank of England said interest rates probably need...Read More

Hertz Stock Could Zoom Higher

February 08, 2018 / www.schaeffersresearch.com

Very few stocks have avoided the market headwinds of late. However, a handful of securities could be on sale at current levels, if history repeats. While these stocks tend to rally after major stock market dips, car rental concern Hertz Global Holdings, Inc (NYSE:HTZ) could also be flashing a short-term "buy" signal right now, if historical technical trends prevail. Below, we take a look at HTZ st...Read More

Bundesbank's Dombret wants global banking rules kept "on a leash"

February 08, 2018 / www.kitco.com

By Huw JonesLONDON, Feb 8 (Reuters) - Global banking rules should focus only on cross-border banks to avoid burdening local lenders and help reduce populist backlash against globalisation, Bundesbank board member Andreas Dombret said on Thursday.Dombret is Germany's representative on the Basel Committee, which finally completed in December its global capital rules for banks, aimed at avoiding a re...Read More

Gold settles higher after longest streak of losses since December

February 08, 2018 / www.marketwatch.com

Gold settled higher Thursday, with a steady dollar and a drop in the U.S. stock market giving prices enough support to recoup some of the losses suffered over the last four sessions. April gold GCJ8, +0.52% rose $4.40, or 0.3%, to settle at $1,319 an ounce, after scoring its lowest finish for a most-active contract since Jan. 9 on Wednesday, according to FactSet data. It had posted losses in each...Read More

UPDATE 1-Dermapharm IPO could raise $462 million

February 08, 2018 / www.kitco.com

* Dermapharm prices IPO at 28 euros per share* Total proceeds seen at 377 mln eur* Gross proceeds for Dermapharm would be 108 mln eur (Adds final pricing, background)FRANKFURT, Feb 8 (Reuters) - Dermapharm shares are being placed at 28 euros ($34.33) apiece in the German drugmaker's initial public offer (IPO), at the middle of an indicative price range of 26 to 30 euros, the company said on Thursd...Read More

Mexico central bank hikes interest rate to contain inflation worries

February 08, 2018 / www.kitco.com

MEXICO CITY, Feb 8 (Reuters) - Mexico's central bank raised interest rates on Thursday to a nine-year high, as expected, in order to contain worries that inflation may not cool as quickly as forecast.Banco de Mexico's governing board unanimously voted to hike the key rate by 25 basis points to 7.50 percent, as forecast by 17 of 20 analysts polled by Reuters last week.(Reporting by Michael O'Boyle;...Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok