The Dow is down around 200 points middayAs heavy-weight Walt Disney (DIS) and U.S.-China tensions permeate throughout the broader market, the Dow Jones Industrial Average (DJI) is down around 200 points midday. A steep selloff in the airline sector is also dragging stocks, with the S&P 500 Index (SPX) just below breakeven in today's session. On the flip side, the Nasdaq Composite (IXIC) is inch...Read More
BRKA sold its entire stakes in four major U.S. airlinesBerkshire Hathaway Inc. (NYSE:BRK.A) sent airline stocks tumbling after CEO Warren Buffet announced that the conglomerate sold its entire stakes in the four largest U.S. airlines -- Delta Air Lines (DAL), American Airlines (AAL), Southwest Airlines (LUV), and United Airlines (UAL). The company also reported a first-quarter earnings and revenue...Read More
Wall Financial (WFC) stock does not trade a lot, but it is a name worth watching if for no other reason than the window it provides into the Vancouver real estate market. After riding high for the past decade or so, Wall Financial is down 31.4% so far this year. Insiders are buying the pullback and INK Research puts that signal of optimism into its G versus D economy framework. Is VanRe feeling...Read More
Constellation Brands upped their stake in Canopy Growth to 38.6% thisThe shares of pot producer Canopy Growth Corp (NYSE:CGC) are climbing higher this morning, up 4.9% to trade at $15.97 after beverage name Constellation Brands (STZ) exercised warrants to buy shares of CGC, raising its stake to 38.6%. Jefferies chimed in, saying that the move was "financially sensible," but warning that it's still...Read More
INTC has found a short-term floor at the $57 levelIntel Corporation (NASDAQ:INTC) is making headlines this morning, after TechCrunch reported over the weekend that the chip company is reportedly in advanced talk to acquire Israeli public transit app developer Moovit for $1 billion. Moovit, whose free mobile navigation app provides transit data to more than 750 million users in 100 countries, prev...Read More
The U.S. and China are in dispute over the coronavirus originsDow Jones Industrial Average (DJI) futures are poised to open the week with a triple-digit move below fair value. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also bracing for sharp losses, as investors eye a crumbling airline sector, grounded after Warren Buffett's Berkshire Hathaway dumped all of its airline s...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF | FRA:WK3D) (the "Company" or "Siyata") is pleased to announce the Company has partnered with TASSTA, a global mission critical push-to-talk (MCPTT) software provider and end-to-end solution for critical communications. The initial opportunities to work together are in Southeast Asia.TASSTA has integrated its MCPTT application...Read More
Several large-cap gold mining stocks are buy rated and have not experienced much negative analyst reaction just before earnings releases. Industry fundamentals are also upbeat.Read full newsRead More
Here are five Fastmarkets stories you might have missed on Friday May 1 that are worth another look.Evraz's steel product output at its CIS-based assets surged by 9.3% year on year to 3.12 million tonnes in January-March 2020.The sharp decline in emerging market currencies combined with a collapse in oil prices are providing a twin saving grace for many metals and mining companies during the Covid...Read More
Here are five Fastmarkets stories you might have missed on Friday May 1 that are worth another look.Evraz's steel product output at its CIS-based assets surged by 9.3% year on year to 3.12 million tonnes in January-March 2020.The sharp decline in emerging market currencies combined with a collapse in oil prices are providing a twin saving grace for many metals and mining companies during the Covid...Read More
Here are five Fastmarkets stories you might have missed on Friday May 1 that are worth another look.Evraz's steel product output at its CIS-based assets surged by 9.3% year on year to 3.12 million tonnes in January-March 2020.The sharp decline in emerging market currencies combined with a collapse in oil prices are providing a twin saving grace for many metals and mining companies during the Covid...Read More
Johns Hopkins University puts the total confirmed COVID-19 cases at 3.5 million, with more than 1.1 million in the US.Gold has dropped below US$1,700 an ounce on the spot market to $1,696/oz earlier.Commodities closed lower across the board on the London Metal Exchange on Friday as China entered a five-day holiday.Among the mining majors, Rio Tinto (LSE: RIO) closed 1.9% lower in London.In New Yor...Read More
Here are five Fastmarkets stories you might have missed on Friday May 1 that are worth another look.Evraz's steel product output at its CIS-based assets surged by 9.3% year on year to 3.12 million tonnes in January-March 2020.The sharp decline in emerging market currencies combined with a collapse in oil prices are providing a twin saving grace for many metals and mining companies during the Covid...Read More
Here are five Fastmarkets stories you might have missed on Friday May 1 that are worth another look.Evraz's steel product output at its CIS-based assets surged by 9.3% year on year to 3.12 million tonnes in January-March 2020.The sharp decline in emerging market currencies combined with a collapse in oil prices are providing a twin saving grace for many metals and mining companies during the Covid...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended May-1, 2020$AEM, $ASR.TO, $ALIAF, $AGI, $CG.TO, $CAGDF, $EGO, $EQX, $FSM, $LIO.V, $LOMLF, $LUG.TO, $FTMNF, $NCMGY, $NCM.AX, $MAG, $MTA, $NUAG.V, $NUPMF, $NEE.V, $NHVCF, $OGC.TO, $OCANF, $OR, $OSK.TO, $OBNNF, $PVG, $SA, $SVM, $SILV, $TXG.TO, $TORXF, $AUYAgnico-Eagle: Reported Q1 2020 financial results as well as new 2020 produ...Read More
Notwithstanding the Fed's seemingly limitless ability to create money to throw at the stockmarket, which has caused it to rally in recent weeks in the face of a dead economy and apocalyptic jobs data and earnings etc., all the charts we are going to look at here point to another severe downleg soon.My attention was drawn to a bearish Rising Wedge completing in the London FTSE index by a colleagu...Read More
By: Gary SavageI have all the confirmations that I need to see that gold is moving into a daily cycle low. The buying opportunity for the trade of the year..https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold's monthly chart is at the upper Bollinger band, or resistance. It continues to push the upper band higher, bullish. Gold remains in an uptrend in the weekly chart. Momentum is up..Read More
Still BullishNew ModelsJet Fuel MarketMarket sentiment reflects human sentiment, which lately has been quite negative understandably so, given the great uncertainty surrounding the coronavirus pandemic. A month ago, we didn't know where all this was going but it was potentially serious.I can almost begin to sense sentiment changing. New drug therapies are being announced and dozens of vaccines a...Read More
By Steve St. AngeloThe U.S. public debt increased at the fastest rate ever during April. Due to the negative economic impacts stemming from the global contagion, the U.S. Treasury increased the federal debt by a whopping $1.3 trillion in a single month. The additional $1.3 trillion of U.S. public debt during April would purchase approximately one-third of all the physical gold investment bull...Read More