By: Avi GilburtI know the title may sound unusual and almost unrealistic to those following the media cycle. With unemployment skyrocketing, GDP projections in the tank, bankruptcy expectations running sky high, and the average person on Main Street struggling terribly, how is this action even possible?So, before I outline my analysis, which is actually rather simple right now, I want to re-post...Read More
The news media and the pundits flailed around over the weekend trying to come up with reasons why the broad averages have rallied to within 10%-20% of record highs even though the global economy could be headed into a depression. ZeroHedge is usually able to provide plausible answers to such questions, but here's an attempt that fell short. It places commodity trading advisors at the center of...Read More
Today and tomorrow's close is the key to gold prices. If it falls till tomorrow then gold will move into a short term bearish phase. If not then gold prices will form a medium term bottom. Investment demand is there for gold. But investors will wait if gold prices fall today. Silver, copper and industrial metals will see higher demand from factories as more and more nations open up. World will o...Read More
(Kitco News) - SSR Mining Inc.'s (NASDAQ, TSX: SSRM) three operations combined to produce over 107,000 gold-equivalent ounces during the January-M...Read full newsRead More
Gold mining stocks and ETFs have been sturdy in the past month and have more gains in store.Read full newsRead More
"Look at this beautiful Chart... its for #VanstarMining... and its not too late.They have been considered one of 'Canadas most undervalued #gold #mininers' ... https://t.co/jBt43Og8qE #Vanstar $VSR #GoldStock #TSXV #IAmGold #smallcaps #Gold #Goldmine #MomentumStocks"Read full newsRead More
"$CBL $MAC $SPG - COVID-19 Crisis: Geographical Risk Assessment Of The Retail REITs Industry. https://t.co/Yj2o8hGI96 #business #markets #investing"Read full newsRead More
The Mellach facility was in the province of Styria.Read full newsRead More
Oil futures are negative for the first time since they started tradingThe Dow extended its intraday losses, closing nearly 600 points lower after a catastrophic close for black gold. Set to expire tomorrow, oil futures for May delivery finished 306% lower at negative $37.63 per barrel, for the first time ever. As a result, the energy and utilities sectors dragged the blue-chip index. The S&P 500 a...Read More
PCAR's post-earnings price history has been mostly positivePACCAR Inc (NASDAQ:PCAR) has been climbing since the broad-market pullback in March, now up 12% for the month. At last check, PCAR is up 1.1% at $68.39 thanks to a $15 price-target hike from Citigroup to $80, just ahead of the commercial vehicle manufacturer's first-quarter earnings report, due out before the open tomorrow on Tuesday, Apri...Read More
Zoom is the leader in modern enterprise video communications, with an easy, reliable cloud platform for video and audio conferencing, chat, and webinars across mobile, desktop, and room systems. Zoom Rooms is the original software-based conference room solution used around the world in board, conference, huddle, and training rooms, as well as executive offices and classrooms. Founded in 2011, Zoom...Read More
OCS.ca is the only legal online retailer of recreational cannabis in Ontario. The Ontario Cannabis Store offers a variety of products including dried flower, pre-rolls, oils, edibles, vapes, extracts, CBD and THC capsules and accessories. For adults 19 years of age or older.Read full newsRead More
Peak open interest sits at the May 80 callShares of Cadence Design Systems Inc (NASDAQ:CDNS) are moving slightly lower this afternoon, down 0.2% at $78.47, at last check. The options market is likely gearing up for the software name's first-quarter earnings, which are slated for today, after the market close. Below we will take a look at how CDNS has been faring on the charts, and see what the op...Read More
M&T Bank's first-quarter revenue beat analysts' estimates, while its earnings report missed the mark The shares of M&T Bank Corporation (NYSE:MTB) are up 4.3% at $109.82, after the firm posted its first-quarter report. The financial name announced lower-than-estimated first-quarter earnings of $1.93 per share, but $1.51 billion in revenue, which exceeded analysts' expectations. It's been a chopp...Read More
Walmart's sales surged 20% in March, according to a Wall Street Journal reportRetail giant Walmart Inc (NYSE:WMT) is pulling back this afternoon, after hitting a record high of $133.38 earlier today, on a Wall Street Journal report that the company's sales jumped nearly 20% in March. Walmart also announced it will require its 1.5 million U.S. employees to wear masks. At last check, WMT is down 0.1...Read More
New Oriental Education & Tech is expected to report earnings ahead of the bell, tomorrowThe shares of China-based educational services specialist New Oriental Education & Tech Grp (NYSE:EDU) are down 2.2% at $110.01, ahead of the firm's fiscal third-quarter earnings report, due out before the open tomorrow, April 21. Looking back, EDU has been in sell-off mode since running out of steam at its 40-...Read More
The Dow was down over 300 points at its session lows earlierThe Dow Jones Industrial Average (DJI) isfirmly in the red to begin the week, down triple digits at midday amid sputtering oil prices. But while the blue-chip index has come off its sharper session lows from the morning, black gold is still careening around its lowest level in more than 20 years amid growing demand and storage concerns....Read More
The November 2 put is home to a six-digit trade Even though oil prices are sputtering today, a big winner on Friday, April 17, was WPX Energy Inc (NYSE:WPX). In light of Friday's breakout, options traders are blasting the energy stock, with a greater-than-normal tilt toward puts. Mid Friday, WPX put option volume was running in the top percentile of its annual range. Over 31,000 puts crossed t...Read More
The fast food chain said it will return its small business loan after receiving backlash from After drawing sharp criticism for tapping into the U.S. government's small business loan program, Shake Shack (NYSE:SHAK) announced it is returning its entire $10 million loan. The company is the first major firm to give back coronavirus-related bailout money. SHAK stock is down 3.5% in response, last see...Read More
Instinet cut its price target from $117 to $87 this morning, tooShares of Wynn Resorts Ltd (NASDAQ:WYNN) are down 2.9% to trade at $76.16 this morning, after CEO Matt Maddox over the weekend called for a conditional re-opening plan for the Las Vegas Strip in mid-to-late May. Following the news, Instinet cut its price target from $117 to $87, though it kept its "buy" rating. The analyst, Harry Curt...Read More