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
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 horizon associated with a 300-m thick #Silver -rich sill ??"^??"???'?#CanadaCobaltWorks #Gowganda #MomentumStocks #Silvermine #Drillinghttps://t.co/rg11fqsfR3"Read full newsRead More
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
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
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 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
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
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
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
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
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
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
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
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
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
The three-month tin price on the London Metal Exchange was higher across morning trading on Tuesday May 5, supported by the largest fresh cancelation in the tin market this year, while climbing exchange stocks and lackluster trade continues to pressure the aluminium price. The LME tin price was recently at $15,165 per tonne, up 0.5% from Monday's closing price of $15,085 per tonne. The price spike...Read More
Employees at the Kroondal chrome mine in South Africa have been informed the facility will not restart after lockdown measures are relaxed because of financial challenges in the market, according to a source close to the matter. Kroondal is part of the Glencore-Merafe Chrome Venture, in which Glencore has 79.5% stake. The mine near Rustenberg has a production capacity of 1 million tonnes per year,...Read More
Here are five Fastmarkets stories you might have missed on Tuesday May 5 that are worth another look.US President Donald Trump is threatening to abandon a preliminary trade deal leading to an easing of trade tensions with China, citing the Covid-19 virus.Employees at the Kroondal chrome mine in South Africa have been informed the facility will not restart after lockdown measures are relaxed b...Read More
The spread of the Covid-19 virus is causing disruption to immediate supply chains and future demand forecasts across the technology and consumer electronics sector. Since the outbreak gathered pace in January 2020, companies including Apple and Samsung have closed plants, shifted production, and in some cases, revised revenue forecasts. The far-reaching effects of the virus on the global economy a...Read More