QMX Gold Corporation is pleased to announce that in exchange for a $250,000 deposit, it has granted to O3 Mining an option to purchase the Aurbel MillRead full newsRead More
Another dismal weekly jobless claims report weighed on stocks earlierThe Dow staged a big comeback today, ending over 375 points higher as it steadily distanced itself from a morning spent deep in the red andanother round of depressing jobs data. Strength in the financial sector was responsible for the blue-chip index's rebound, while the S&P and Nasdaq also enjoyed a bounce, settling modestly hi...Read More
The June 21 put has been running the show for the last 10 daysTwo months ago, when we last checked in with Financial Select Sector SPDR Fund (XLF), the banking exchange-traded fund (ETF) was seeing a huge deep-pocketed bet in the options pits. Now, as XLF continues to languish and bank stocks like Wells Fargo (WFC) deal with dividend cut drama, it's worth revisiting the financial services ETF's o...Read More
DAL's 40-day trendline has stymied any breakouts on the chartsThe shares of Delta Air Lines, Inc. (NYSE:DAL) are down 1.3% to trade at $18.91 today, after the airliner's board authorized plans to retire the company's Boeing (BA) 777 aircraft and withdraw them from service by the end of 2020. "We plan to continue to consider further opportunities for early aircraft retirements in an effort to mod...Read More
"Monarch Gold (@MQR_TO) (#TSX: $MQR | #OTC: $MRQRF) Signs MOU w/@Glencore Canada for use of Kidd Concentrator for Wasamac #Gold Project [https://t.co/5l1HNC8LHy]#investing #stocks #stockmarket #trading #investors #capitalmarkets #business #goldstocks #mining #resources #news"Read full newsRead More
Today on INK Ultra Money we hear from a former Bank of Canada and Bank for International Settlements rebel. William White had been sounding the alarm bells from within the system for years. Now he seems resigned to wide-spread debt restructurings.We also look at a Utility stock that is heading into the INK Canadian Insider Index on Friday which has scored a big investment from one of Canada's be...Read More
Co-Diagnostics will put out its first-quarter earnings after the close this evening Biotech Co-Diagnostics Inc (NASDAQ:CODX) has been in the spotlight recently as one of the companies producing COVID-19 test kits. The stock has tacked on 137% in May alone, undoubtedly on the back of these test kits' success rates, shared earlier in the month. Now, CODX is once again capturing the attention of trad...Read More
The Dow is down 100 points middayThe Dow Jones Industrial Average (DJI) is down 100 points at midday, but has managed to pare some of this morning's steeper losses thanks to outperforming bank stocks. Dismal jobs data piled on for the ninth week straight, however, sending the S&P 500 Index (SPX) and Nasdaq Composite (ICIX) into the red as well. Also weighing heavy has been increased worry that a...Read More
Credit Suisse lifted its rating on MKC to "outperform" from "neutral"The shares of spice concern McCormick & Company Inc (NYSE:MKC) are up 3.8% at $172.30 after Credit Suisse raised its price target to $187 from $147, and upgraded the stock to "outperform" from "neutral." The brokerage firm expects MKC to be the biggest long-term beneficiary in its food sector coverage, and predicts a rise in sa...Read More
A historically bullish trendline could keep Digital Realty Trust afloatLike most of the market, real estate investment trust (REIT) Digital Realty Trust, Inc (NYSE:DLR) has taken a notable tumble off its April 28 high of $158.36. The security is already down 10.9% this month, trading back near its early April levels. Several technical levels on the charts are helping to contain this pullback, how...Read More
Intelsat has drifted into penny stock territory in 2020The shares of Intelsat SA (NYSE:I) are down 18% to trade at 79 cents, after the satellite services provider filed for bankruptcy protection, a move designed to allow the company to participate in an upcoming government airwaves auction. It's been a rough few months on the charts for Intelsat stock, to say the least. A steep bear gap in Novem...Read More
Weekly jobless claims will be a hotly-watched figure againThe third week of May will be an admittedly slow one, but there's still plenty to keep an eye on. As it has been for the past two months, all eyes will be on the weekly jobless claims report on Thursday, as Wall Street weighs the impact the coronavirus outbreak has wrought on the U.S. economy. Investors continue to fret over the possibiliti...Read More
Allogene just announced positive phase 1 study results for its non-Hodgkin lymphoma treatment Allogene Therapeutics Inc (NASDAQ:ALLO) this morning released well-received data from its phase-one study of its non-Hodgkin lymphoma treatment, ALLO-501. The oncology firm expects to initiate the next steps of its phase-one study of the therapy in the second quarter of this year. In response, ALLO is up...Read More
President Trump continues to blame China for the coronavirus Dow Jones Industrial Average (DJI) futures are once more sliding sharply below fair value, as another week of worse-than-expected jobless claims pile on to the panic of a sputtering U.S. economy. Almost 3 million Americansfiled for unemployment last week, toppling estimates for the ninth straight week. Futures on the S&P 500 Index (SPX...Read More
Vancouver, BC - A2Z Technologies Canada Corp. ("A2Z" or the "Company") (TSXV: AZ),a pioneer in military robotics, services, and innovation in the auto industry, today announced the appointment of Mr. Alan Rootenberg to the board of directors of the Company effective immediately. Mr. Scott Ackerman has resigned as a director to provide a vacancy for the appointment.Mr. Rootenberg is a chartered pro...Read More
Here are five Fastmarkets stories you might have missed on Wednesday May 13 that are worth another look.China's Sichuan province is to implement an inspection regime to ensure steelmakers comply with the nationwide policy requiring the increased use of alloys to improve the quality of any rebar produced in the region.Glencore, Anglo American and Vale have been excluded from Norway's oil fund while...Read More
The three-month lead price on the London Metal Exchange was the underperformer at the close of trading on Wednesday May 13, slipping below nearby support levels against broad risk-off sentiment, while zinc futures similarly struggled over the afternoon.Lead's underlying price on the LME closed at $1,599.50 per tonne on Wednesday afternoon, falling from an intraday high of $1,632 per tonne, while t...Read More
Glencore, Anglo American and Vale have been excluded from Norway's oil fund while BHP has been placed on an observation list as the $1.1 trillion fund tightens up its environmental, social and governance (ESG) requirements. Glencore and Anglo American have been removed due to the fund's product-based coal criteria, which were made stricter last year, while Vale has been barred due to environmental...Read More
The sale of Freeport-McMoRan is not currently on the cards, particularly given the backdrop of its weaker share price, according to the chief executive officer of the US copper and gold producer. The mining company has been linked in recent months to a potential deal with Canada-based Barrick Gold, whose CEO Mark Bristow recently said he expects mergers and acquisitions activity in metals and mini...Read More
Here are five Fastmarkets stories you might have missed on Wednesday May 13 that are worth another look.China's Sichuan province is to implement an inspection regime to ensure steelmakers comply with the nationwide policy requiring the increased use of alloys to improve the quality of any rebar produced in the region.Glencore, Anglo American and Vale have been excluded from Norway's oil fund while...Read More