Disney has lost "powerhouse" status amid the coronavirus pandemic Entertainment and theme park mogul Walt Disney Co (NYSE:DIS) has stepped back from its normal "powerhouse" status amid the coronavirus pandemic, forced to close all theme parks across the globe and halt production on films and television series. This drop-off has triggered the security to fall back below its $200 billion market cap...Read More
Royal Caribbean is offering $3.3 billion in senior bondsThe shares of Royal Carribean Cruises Ltd (NYSE:RCL) are down 5.8% to trade at $34.21 at last check, amid news that the company is offering $3.3 billion in senior bonds, backed by 28vessels and two private islands for collateral. The cruise line plans to use the notes to repay a $2.35 billion loan as well as manage other aspects of the compan...Read More
Wednesday on INK Ultra Money we highlight a Canadian Healthcare stock that hit a new 52-week high this week. It is pulling back today along with the broad market. However, its fortunes will ultimately be determined by its scientific efforts. We have made this report and video summary freely available to the Canadian Insider community.We also hear from venerable macro economist Richard Koo describ...Read More
Commodities and utilities companies breached fund's guidelines on use of coalRead full newsRead More
The Dow is down over 300 points middayThe Dow Jones Industrial Average (DJI) is down over 330 points midday as economic data and increasing uncertainty due to Fed Chair Jerome Powell's comments on potential "downside risks" weigh on the market. As states begin to ease lockdowns, CEO of The Earnings Scout, Nick Raich, wrote that "everything is dependent on the next several months and how successfu...Read More
This will be Draftking's first earnings report as a publicly traded company Online sports and gaming name DraftKings Inc (NASDAQ:DKNG) is barreling towards a new all-time closing high today, up 4.2% at $27.40,after billionaire investor George Soros disclosed a stake in the company last night. The surge comes two days ahead of DraftKings' first-quarter earnings report, due out on Friday, May 15. T...Read More
Occidental Petroleum is offering voluntary buyouts to employeesThe shares of Occidental Petroleum Corp (NYSE:OXY) are down 4.5% at $13.91 at last check, following news that the company is offering their employees voluntary buyouts over the next two weeks -- citing issues and the massive decline in oil prices as a result of coronavirus. OXY posted a roughly $2 billion quarterly loss just last week...Read More
LVS has traded sideways in the last three weeksThe shares of Las Vegas Sands Corp. (NYSE:LVS) are down 1.1% to trade at $45.50, after the casino developer axed its Japanese casino pursuits. Although no specific reason was given, all signs point to the coronavirus pandemic. After the company made quick recoveries in other Asian markets, LVS CEO Sheldon Adelson said in a statement, "It is time for...Read More
Powell also remarked that more fiscal policy will be needed Dow Jones Industrial Average (DJI) futures are sitting right around fair value this morning, giving back sizable gains in the wake of some jarring headlines. First, the U.S. producer price index (PPI) tumbled by a larger-than-anticipated amount for April. But the real pivot came from Fed Chair Jerome Powell in a webcast event, remarking...Read More
Twilio's Programmable Video will power Zocdoc's new telehealth video service The shares of cloud concern Twilio Inc (NYSE:TWLO) are up 1% to trade at $192.16 this morning,right above last night's all-time closing high of $190.29, after announcing that its Programmable Video will power Zocdoc's new free telehealth video solution. The HIPAA-compliant video service will help healthcare professionals...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to report the results of a review of the winter 2020 drilling program at the Hurricane zone. A key highlight is the recognition of several areas with excellent potential to expand the mineralization. Discovered in 2018 on the Larocque East property, the Hurricane zone is a recent discovery of high-grade uranium. Laroc...Read More
Independent Test Work Identifies a Range of Targeted End-Uses including:Anode material for advanced Lithium-ion batteriesMicronized graphite for conductivity enhancement applicationsHigh-purity graphite-based coatingsIndustrial synthetic diamondsFire retardant/fire suppressant foamsResults are anticipated to Inform Pre-Feasibility Study, Expected for Completion in Fall 20202020 Annual Meeting of S...Read More
Stocks tend to be more bullish after certain Fibonacci retracementsThe S&P 500 Index (SPX) continues to rally after the coronavirus market crash that started in March. The index, however, is running right into its 61.8% Fibonacci retracement level after being rejected there around the end of April. These levels are accessible on most charting software because they are popular support/resistance le...Read More
Canadian precious metals producer SSR Mining said it would to buy Alacer Gold in an all-stock deal valued at C$2.41 billion ($1.72 billion), adding heft as gold prices surge due to demand for the yellow metal in an uncertain economy.Read full newsRead More
"$LSGOF $LDSCY - Land Securities Group PLC (LSGOF) CEO Mark Allan on Q4 2020 Results - Earnings Call Transcript. https://t.co/zmlMs2NNfh #markets #investing #economy"Read full newsRead More
Here are five Fastmarkets stories you might have missed on Tuesday May 12 that are worth another look.Workers at ArcelorMittal Spain are preparing a series of token strikes in response to the company's decision to apply a new plan for temporary layoffs (known as ERTE), sources told Fastmarkets on May 12.Troubled oil trader ZenRock owes at least $615 million to banks, suppliers and customers, it sa...Read More
Aluminium premiums in Europe, the United States and Asia were mostly steady week-on-week on Tuesday May 12, with the gradual restart of industries in various parts of the world having little immediate effect.Rotterdam P1020 premiums flat while Italy premium ticks upwardUS Midwest premium unchanged despite automotive industry restartsAsia premiums flat in quiet market.Italy premium ticks upwardThe...Read More
Jack ChanPosted May 12, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal. Short-term signals can last for days and weeks and are more suitable for traders.Speculation falling while prices are rallying.Prices are bouncing on lower speculation.Our ratio remains on BUY signal.GLD h...Read More
Here are five Fastmarkets stories you might have missed on Tuesday May 12 that are worth another look.Workers at ArcelorMittal Spain are preparing a series of token strikes in response to the company's decision to apply a new plan for temporary layoffs (known as ERTE), sources told Fastmarkets on May 12.Troubled oil trader ZenRock owes at least $615 million to banks, suppliers and customers, it sa...Read More
Advanced Metallurgical Group (AMG) has reported a 56% decrease in earnings before interest, taxes, depreciation and amortization (Ebitda) for the first quarter of 2020 amid a decline in metal prices across its entire portfolio and depressed market conditions resulting from the Covid-19 pandemic.The Amsterdam-listed group generated Ebitda of $22.3 million in January-March, a drop from $50.4 million...Read More