Recent News

Dow Dives Lower After Static Day of Trading

May 06, 2020 / www.schaeffersresearch.com

The Dow slipped almost 200 points in late-day tradingAfter a tepid day of trading, the Dow wound up closing over 200 points below breakeven, as investors weighed the good -- a potential reopening of the U.S. economy -- with the bad -- dismal private-sector payrolls data and a lackluster post-earnings reaction from Disney (DIS). The S&P 500 joined the Dow in the red, while Nasdaq wound up with a mo...Read More

RT @JeffALewis: Barrick profit jumps on higher gold prices, eyes deals

May 06, 2020 / www.reuters.com

Barrick Gold Corp reported a nearly 55% rise in quarterly profit on Wednesday as gold prices surged, bolstering its ability to snap up mines including in copper, its chief executive said.Read full newsRead More

.@RenforthRes Releases Parbec Gold Mineral Resource Estimate

May 06, 2020 / bit.ly

Renforth Resources Inc. (CSE:RFR)(OTC Pink:RFHRF)(WKN:A2H9TN) provides shareholders with a pit constrained gold Mineral Resource Estimate for Renforth's wholly owned Parbec Property.Read full newsRead More

Laurion Completes Its Annual Filings

May 06, 2020 / bit.ly

Laurion Mineral Exploration has filed its annual audited financial statements for the year ended December 31, 2019 and its related management's discussion and analysis.Read full newsRead More

Options Traders Blast Struggling Hospital Stock

May 06, 2020 / www.schaeffersresearch.com

The July 5 strike is running the show todayHospitalsare a hot-button issue amid the coronavirus outbreak and the gradual re-opening of the economy.Piper Sandler yesterday identified hospital operators HCA Healthcare Inc (HCA) and Tenet Healthcare Corp (THC) as two names best equipped to withstand any sector uncertainty. Left off the list was Community Health Systems (NYSE:CYH), but that hasn't...Read More

MSFT Keeps Climbing After Product Roll-Out

May 06, 2020 / www.schaeffersresearch.com

Microsoft just unveiled its $399 Surface Go 2, and its Surface EarbudsMicrosoft Corporation (NASDAQ:MSFT) has been on a roll lately, undoubtedly helped along by its late-April earnings report, with more technical support emerging at its 20-day moving average. The security is extending those gains into today, up 1.4% at $183.33, at last check, and pacing for its third consecutive win. Today's pop c...Read More

With vein grades as high as 2,050 oz/ton (>70,000 g/t), #CastleEast falls within a much broader and productive hori...

May 06, 2020 / twitter.com

"With vein grades as high as 2,050 oz/ton (>70,000 g/t), #CastleEast falls within a much broader and productive horizon associated with a 300-m thick #Silver -rich sill ??"^??"???'?#CanadaCobaltWorks #Gowganda #MomentumStocks #Silvermine #Drillinghttps://t.co/rg11fqsfR3"Read full newsRead More

Tony Greer on the case for S&P 500 3,000 and beyond

May 06, 2020 / www.canadianinsider.com

Sometimes Real Vision gets a reputation for being bearish. In fact, is it is really some of the guests that bring the bearish perspective. Yesterday, in Real Vision's Daily Briefing we heard a short-term bullish perspective from Tony Greer. It is worth a listen to get his take on what is driving markets. We have Tony's interview for free for all users and a lot more today on INK Ultra Money.Canad...Read More

Dow, S&P Struggle as Oil Drops

May 06, 2020 / www.schaeffersresearch.com

The Nasdaq is getting a boost from big tech stocksThe Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are hovering right below the line of breakeven today, as Walt Disney's (DIS) lackluster earnings and a disappointing jobs report weigh. The tech-heavy Nasdaq Composite (IXIC), however, is seeing higher gains thanks to FAANG stocks -- though any gains across the board have been encroac...Read More

Analysts Weigh In on Vornado's Q1 Results

May 06, 2020 / www.schaeffersresearch.com

Piper Sandler raised its price target to $40 while Stifel cut its estimate to $35The shares of Vornado Realty Trust (NYSE:VNO) are down 5.2% to trade at $36.81 as even more analysts weigh in on its May 4, first-quarter report in which the real estate investment trust (REIT) posted an earnings miss, but revenue that exceeded Wall Street's estimates. Specifically, Stifel cut its price target to $35...Read More

Papa John's Slices Up Revenue Miss

May 06, 2020 / www.schaeffersresearch.com

Papa John's withdrew its 2020 guidance, tooThe sharesPapa John's International Inc. (NASDAQ:PZZA) are down 2.6% at $74.20 this morning, just one day after hitting a three-year high of $76.21, as investors comb over the pizza delivery specialists' latest quarterly report. The firm posted first-quarter earnings of 41 cents per share, coming in higher than Wall Street's 39 cents per share estimate, t...Read More

Options Bulls, Analysts Pile on Beyond Meat Stock After Earnings

May 06, 2020 / www.schaeffersresearch.com

Beyond Meat's profits and revenue beat out Wall Street's estimatesThe shares of Beyond Meat Inc (NASDAQ:BYND) are up 12.5% to trade at$112.42 this morning, after the plant-based meat substitute manufacturer reported first-quarter earnings of 3 cents per share on revenue of $97.07 billion, both of which beat out Wall Street's estimates. While the company suspended its 2020 guidance, expansion in...Read More

Stock Futures Up Despite Dismal Jobs Report, Disney Earnings

May 06, 2020 / www.schaeffersresearch.com

The Dow so far is brushing off a subpar earnings report from Walt DisneyDow Jones Industrial Average (DJI) futures look ready to build off yesterday's sizable gains, once more taking positive cues from a slowly reopening U.S. economy. However, lackluster corporate earnings from media giant Walt Disney (DIS), as well as an ADP private-sector employment report that fell by more than 20 million in Ap...Read More

How to Read IPO Multiples

May 06, 2020 / www.schaeffersresearch.com

Stocks trading at 50% their IPO price tend to struggle afterwardsThis week I'm looking at how stocks perform around certain multiples of their initial public offering (IPO) price. For example, 50% above their IPO price, double the price, triple the price, etc. Why are these levels significant? They could be popular profit-taking spots for the big players that get in at the IPO price. Additionally,...Read More

Venzee Announces Additional Work Orders and Retail Connection Requests

May 06, 2020 / kincommunications.com

Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") is pleased to report the Company has received more than 100 new requests for retail channels. Now with a total of 359 channel requests, the Company continues to satisfy this first wave of activation requests from leading brands and manufacturers using the Venzee distribution platform.Brands driving additional re...Read More

IsoEnergy Stakes the Evergreen Property and Extensions to Three Other Uranium Exploration Properties

May 06, 2020 / kincommunications.com

Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to announce the acquisition of over 46,000ha of new uranium exploration claims divided amongst four properties in the prolific Eastern Athabasca Basin of Saskatchewan (Figure 1). The highlight is the 31,800ha Evergreen property located along the southeast rim of the Athabasca Basin, just 16km west of the Key Lake uranium...Read More

Research Exposes Shortcut to Stock Market Wins

May 06, 2020 / www.schaeffersresearch.com

A simple way to stop picking losers, and start cashing in like Wall Street's elite. Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day.T...Read More

Top 3 Gold Mining Stocks to Watch in 2020

May 06, 2020 / dlvr.it

Gold prices in 2020 have jumped higher. As a result, the top gold mining stocks are moving higher as well. It'd be good to watch these three gold companies.Read full newsRead More

HOTTER ON METALS: Auto supply chain gets harsh wake-up call from Covid-19

May 06, 2020 / www.metalbulletin.com

If ever there was a masterclass in the need to disaster-proof a supply chain, then the Covid-19 pandemic has provided a harsh reminder to the automotive sector that it's failing. It's a wake-up call for the industry, which, after a massive earthquake and tsunami hit Japan in March 2011, had vowed to end its "just in time" production philosophy and diversify its supply chain in orderto limit a repe...Read More

LIVE FUTURES REPORT 05/05: LME base metals rise despite China market absence

May 06, 2020 / www.metalbulletin.com

London Metal Exchange three-month base metals prices rose on Tuesday May 5, buoyed by increasing optimism for an increase in demand amid expectations that Covid-19 trade restrictions will continue to be eased in some parts of Europe while China's restart gathers momentum. China's market absence - due to the Labor Day public holiday from May 1 to May 5 - failed to dampen upward price momentum acros...Read More

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