Recent News

Talisker Announces Change of Auditor

January 21, 2020 / bit.ly

Talisker Resources Ltd. announces that it has changed its auditors from BDO Canada LLP to PricewaterhouseCoopers LLP.Read full newsRead More

Calls Pop on HAL Stock After Earnings Beat

January 21, 2020 / www.schaeffersresearch.com

Halliburton posted fourth-quarter earnings and revenue that exceeded analysts' estimatesOil producer Halliburton Company (NYSE:HAL) stepped into the earnings confessional this morning to report adjusted fourth-quarter earnings of 32 cents per share on$5.19 billion in revenue -- both of which beat analysts' estimates. The firm cited increased activity globally, specifically in the Middle East, Asia...Read More

Going Behind the Scenes on This Bullish STM Trendline

January 21, 2020 / www.schaeffersresearch.com

STM has blazed a path higher over the past five monthsThe U.S. stock market ended 2019 on a high note, thanks in part to strength in technology stocks. The semiconductor sector, in particular, helped lead the Nasdaq Composite (IXIC) to its largest annual return since 2013, with the tech-rich index gaining 35.2% last year. One name from this group caught our attention this week -- Swiss chipmaker S...Read More

Say No to This Weed Stock

January 21, 2020 / www.schaeffersresearch.com

Tilray was nearing overbought territory heading into todayThe last time we checked in with Tilray Inc (NASDAQ:TLRY), it was New Years Eve, and options traders were blasting the weed stock's recent bottom. Fast forward three weeks, and TLRY has rallied into a trendline that has historically bearish implications for the next month. More specifically, Tilray stock is trading within one standard dev...Read More

Dow Set to Snap Win Streak

January 21, 2020 / www.schaeffersresearch.com

The U.S.-China trade agreement and the coronavirus are in focus todayThe Dow Jones Industrial Average (DJI) is looking to snap its five-day win streak today as Wall Street continues to keep an eye on the coronavirus outbreak in China that has already claimed four lives. The S&P 500 Index (SPX), and Nasdaq Composite (IXIC) are cooling off from last week's all-time highs, as well. Meanwhile, pipe...Read More

AMD Hits Record High on Double Dose of Bull Notes

January 21, 2020 / www.schaeffersresearch.com

AMD has been a long-term outperformer Chip name Advanced Micro Devices, Inc. (NASDAQ:AMD) is up 1.2% and fresh off a record high of $51.81 this morning, surging after receiving two analyst bull notes. Deutsche Bank hiked its price target to $40 from $29, while Northland Capital Markets raised to $42. The catalysts are unclear, but the double dose of optimism has AMD pacing toward a fourth straigh...Read More

Who will be the big winners from a nickel price boom? With demand set to soar as supply issues linger,...

January 21, 2020 / twitter.com

"Who will be the big winners from a nickel price boom?With demand set to soar as supply issues linger, @danielflynn92 looks at several London stocks primed to benefit from a surge in nickel prices.https://t.co/0DYWDAk4v5#HZM #POW #nickel #EVs @HorizontePLC @PowerMetRes"Read full newsRead More

Costco Stock at New High on Oppenheimer Upgrade

January 21, 2020 / www.schaeffersresearch.com

Short interest on COST is at the highest point since MarchThe shares of Costco Wholesale Corporation (NASDAQ:COST) have jumped 2.1% out of the gate to trade at $310.92, after Oppenheimer upgraded the retail stock to "outperform" from "perform," while lifting its price target to $335 from $300. The brokerage firm wrote about the equity's attractive valuation, while mentioning the company's improvin...Read More

Drug Stock Lifted by New Collaboration

January 21, 2020 / www.schaeffersresearch.com

Most analysts are already tremendously bullish toward ETONIn the biotech sphere today, the big news is a co-promotional agreement between drugmakers Eton Pharmaceuticals Inc (NASDAQ:ETON) and privately held Xellia Pharmaceuticals. The two companies will team up to promote Biorphen, Eton's Food and Drug Administration (FDA) approved blood pressure treatment. In response, Eton stock is up 3.2% to...Read More

ADBE Stock Slips Despite Price-Target Hike

January 21, 2020 / www.schaeffersresearch.com

Evercore ISI lifted its price target to $404 from $342Adobe Inc (NASDAQ:ABDE) is brushing off a bull note from Evercore ISI this morning, just one session after hitting an all-time high of $349.95. Specifically, the analyst raised its price target to $404 from $342 -- a roughly 15% premium to Friday's close. At last check, ADBE is down 1.2% at $345.40.The equity has been on a tear after breaking o...Read More

Oriole Resources (#ORR) sits close to one-year highs after announcing the successful application for a new licence...

January 21, 2020 / twitter.com

"Oriole Resources (#ORR) sits close to one-year highs after announcingthe successful application for a new licence at its Dalafin project in Senegal (now called Senala)https://t.co/AUCADsokGx"Read full newsRead More

Little movement in Ironridge Resources' (#IRR) share price despite firm announcing that successful battery grade li...

January 21, 2020 / twitter.com

"Little movement in Ironridge Resources' (#IRR) share price despite firm announcing that successful battery grade lithium conversion trials were conducted on samples from its Ewoyaa lithium project in Ghanahttps://t.co/R9Rusr0Z71"Read full newsRead More

Stock Futures Dip, Dow Streak in Jeopardy

January 21, 2020 / www.schaeffersresearch.com

Investors are keeping an eye on the virus outbreak in AsiaThe Dow Jones Industrial Average (DJI) could be set to snap its five-day winning streak today, as U.S. stock futures trade below fair value. Traders are monitoring the effects of the coronavirus outbreak in China, which is putting pressure on travel stocks this morning. Investors are also taking in headlines from the World Economic Forum in...Read More

Sentiment Indicators Hint at Market Vulnerability

January 21, 2020 / www.schaeffersresearch.com

There's a key VIX level to watch in the coming weeks"The S&P 500 is on one of its longest streaks without a 1% daily move in the past five decades, highlighting how the latest leg of the stock-market rally has been a gradual climb rather than a euphoric surge. The broad equity gauge hasn't moved 1% or more in either direction since mid-October, its sixth-longest streak since the end of 1969 and th...Read More

METALS-Copper hits two-week low on China virus and inventory jump

January 21, 2020 / www.kitco.com

* Copper registers biggest one-day loss since Oct. 31 * Investors scramble to shed copper longs (Updates with closing prices) By Eric Onstad LONDON, Jan 21 (Reuters) - Copper prices slumped on Tuesdayas investors liquidated recent bullish positions over fears thata new strain of coronavirus in China could hit economic growthin the world's top metals consumer. The metal often used as a gauge of eco...Read More

Five iron ore trends to watch in 2020 - report

January 21, 2020 / www.mining.com

Vale's massive S11D iron ore mine in Par??, Brazil. Photo by Jos?(C) Rodrigo Zermiani, Vale. Metals and mining research and consultancy group Wood Mackenzie has identified five trends that will impact the iron ore industry in 2020.Slower demand growth, especially in China, and a decent recovery in seaborne supply will continue to feature prominently in the iron ore industry in 2020, Wood Macken...Read More

LIVE FUTURES REPORT 20/01: LME nickel price settles above $14,000 despite thin turnover

January 21, 2020 / www.metalbulletin.com

The three-month nickel price on the London Metal Exchange was higher at the close of trading on Monday January 20, back above the $14,000 per tonne threshold against the lowest turnover since December 24 last year.In contrast, lead futures edged lower against a similar absence of liquidity.Nickel's outright price on the LME closed at $14,025 per tonne on Monday afternoon, back above nearby resista...Read More

NEWSBREAK: China renames copper renewable materials under five categories; ali gets three [UPDATED]

January 21, 2020 / www.metalbulletin.com

The Chinese government published the long-awaited non-ferrous scrap metal renaming criterion on its website late on Friday January 17. This is the latest policy adopted by the world's biggest scrap metal importer. Copper scrap, of copper content ranging 94-99.9% and meeting certain impurities thresholds, will be renamed under five categories of renewable materials. Below is a table translated and...Read More

LIVE FUTURES REPORT 20/01: LME lead price breaches $2,000/t; nickel inflows persist

January 21, 2020 / www.metalbulletin.com

The three-month lead price on the London Metal Exchange climbed by 0.5% during morning trading on Monday January 20, briefly breaching the $2,000 per tonne mark, while continued inflows of nickel have prompted minimal price reaction. Lead's outright price on the LME rose above $2,000 per tonne during morning trading before dipping back below the key resistance level to $1,985 per tonne. Trading vo...Read More

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