Analysts are very bullish on UnitedHealth stockUnitedHealth Group Inc (NYSE:UNH) announced last night that it will speed up payments and support totaling nearly $2 billion to health care providers in order to combat the financial challenges posed by the coronavirus pandemic. Additionally, UNH is just one of many health insurers getting a bump after Senator Bernie Sanders announced that he is pull...Read More

GOLD has broken out above a short-term trendline As gold prices continue to skyrocket, mining stock Barrick Gold Corp (NYSE:GOLD) has, to the same tune, broken out above a short-term trendline. GOLD now has a bevy of ascending moving averages in place acting as support, even as the shares' weekly moving averages - which had been in a nine-year downtrend - have turned upward. With these newfound cu...Read More

"A major update soon on Northern Ontario's most significant grassroots high-grade Silver discovery in at least 40 years ???"#Duediligence#CanadaCobaltWorks $CCW #Silver #Cobalt #Gowganda #Silvermine #Cobaltmine#TSXV #Smallcaps #StocksToWatch #MomentumStockshttps://t.co/rg11fqaEst"Read full newsRead More

Pinterest's first-quarter guidance beat analysts' estimates Digital scrapbook platform Pinterest Inc (NYSE:PINS) is charging higher today after the company forecast $269 million to $272 million in revenue for its first-quarter, exceeding analysts expectations. The social media concern also predicted its monthly active users (MAUs) to exceed its fourth-quarter MAUs, though it pulled its 2020 guidan...Read More

Fastenal is expected to post its quarterly report early next weekThe shares of industrial and construction supply manufacturer Fastenal Company (NASDAQ:FAST) are attempting a comeback today, up 1.5% at $32.49, just ahead of the firm's first-quarter earnings report, due out next week on Tuesday, April 14. Meanwhile, J.P. Morgan Securities just downgraded FAST to "underweight" from "neutral", though...Read More

Senator Bernie Sanders is dropping out of the 2020 presidential raceThe Dow Jones Industrial Average (DJI) is extending its gains at midday, currently up over 500 points, as investors react to news that Senator Bernie Sanders officially dropped out of the 2020 presidential race. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are also experiencing rises, despite mixed messages regarding...Read More

We have taken the next step to build out INK Research to help you make better investment decisions. We have launched INK Research Chat, a community forum for us to exchange investment insights, ideas, questions and answers. Membership in the forum is at the discretion of INK and is by invitation only, intended primarily for paying INK Subscribers and members of the Canadian Insider Research Club....Read More

A surge in renewable energy output in the Nordic region has sent power prices below the level where some nuclear plants are profitable. Read full newsRead More

Raymond James downgraded to "underperform" from "market perform"Extra Space Storage Inc (NYSE:EXR) is down 0.6% to trade at $96.89 this morning, following a downgrade from Raymond James. Their analyst in coverage, Jonathan Hughes, cited that the "risk/reward skews negatively," and moved EXR to "underperform" from "market perform."Since a three-year low of $72.70 on March 23, Extra Space Storage st...Read More

DKS has seen an increase in put open interest over the past yearAfter it previously announcing that due to the impact of COVID-19 it was temporarily reducing the salaries of its executives, senior leadership and other teammates, Dick's Sporting Goods (NYSE:DKS) this morning said it will furlough a significant number of the workforce beginning April 12. The company, however, will continue to provi...Read More

The electric automaker is furloughing all non-essential workers and implementing salary cuts Tesla Inc (NASDAQ:TSLA) is up 1.9% $555.75 this morning after announcing its imminent plans in response to the coronavirus via email to U.S. employees. TSLA said it would furlough all non-essential workers for the time being and cut pay for salaried employees until the end of the second quarter The firm pl...Read More

Tesla is furloughing all non-essential workers and cutting employee salariesAfter yesterday's roller-coaster session, Dow Jones Industrial Average (DJI) futures are signaling triple-digit gains this morning. There continues to be a slew of mixed messages as to whether the coronavirus pandemic is slowing; Johns Hopkins University reported a drop in daily case increases since Friday, but yesterday...Read More

Breaking down the best and worst rated sectors using a contrarian approachSix months ago, I wrote an article presenting an overview of sectors using contrarian analysis, which is popular here at Schaeffer's Investment Research. Here's an understatement: a lot has changed since then. So this week, I'm going to do a similar analysis to see which sectors look attractive/unattractive based on our cont...Read More

A breakdown of the historical comparisons between Relative Strength Indicator (RSI) levels and the S&P 500 Index (SPX)The Relative Strength Indicator (RSI) is a popular technical analysis tool. It's an oscillator that ranges from zero to 100, in which many people focus on the 30 and 70 levels. Those levels are often used to define a market that is oversold or overbought, respectively. I'm looking...Read More

Here are five Fastmarkets stories you might have missed on Tuesday April 7 that are worth another look.The second quarter of 2020 will be one of volume survival due to massive capacity cuts in scrap, billet and long steel products globally amid Easter and Ramadan holiday periods and during efforts to contain the coronavirus, the International Rebar Producers & Exporters Association (Irepas) said o...Read More

Hong Kong trading house Noble Group Holdings will close its base metals and rare earths trading desks as part of widespread board-mandated staffing cuts, informed sources told Fastmarkets. Noble's board is said to have agreed on a directive for a major cut to headcount across the business, with traders informed that they would be let go on Monday and Tuesday this week. "They are blaming Covid-19 b...Read More

Three-month base metals prices on the London Metal Exchange were trading in positive territory at the close on Tuesday April 7, bolstered by reports that daily-reported Covid-19 cases were abating, giving rise to a spate of short-covering. Other market participants attributed today's gains to a risk-off rally induced by China's gradual return to market amid a fresh slew of supply disruptions to ke...Read More

Here are five Fastmarkets stories you might have missed on Tuesday April 7 that are worth another look.The second quarter of 2020 will be one of volume survival due to massive capacity cuts in scrap, billet and long steel products globally amid Easter and Ramadan holiday periods and during efforts to contain the coronavirus, the International Rebar Producers & Exporters Association (Irepas) said o...Read More

JPMorgan Chase CEO Jamie Dimon has also warned the bank expected "a bad recession combined with some kind of financial stress similar to the global financial crisis of 2008" in his annual letter to shareholders.The S&P 500 closed down 0.16% while London's FTSE 100 gained 2.19% and China returned from the Tomb Sweeping holiday with the Shanghai Composite closing up 2.05%.The copper price rose a...Read More

The company, which has royalties on coking coal, iron ore and uranium in Australia, Canada and Chile, reported a 15.5% year-on-year drop in pre-tax profit to £37.6 million from £44.5 million in 2018.This was mainly owing to higher operating expenses of £7.1 million, versus £6 million the year before, and a revaluation of coal royalties from the Kestrel coking coal mine in A...Read More