GDX calls have been all the rage latelyGold prices have gained ground in the second half of 2019, as U.S.-China trade anxiety sparked an appetite for the safe-haven asset. This positive price action has been seen in the VanEck Vectors Gold Miners ETF (GDX), which is up 19% in the past six months. More recently, the exchange-traded fund (ETF) has consolidated below $28 since late September, but on...Read More
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Gold prices ended lower on Thursday as President Donald Trump's tweet that a trade deal with China is near rallied the stock market, dulling demand for the haven metal. Gold prices had been trading higher early Thursday, with uncertainties surrounding a U.K. election and dovish stances by the Federal Reserve and the European Central Bank helping to provide support. On Thursday morning, however, T...Read More
The 200-day trendline has been supportive in 2019California-based Oracle Corporation (NYSE:ORCL) is down 0.3% at $56.15 today, as Wall Street gears up for the company's earnings, slated for after the market closes this evening. Despite a brief drop back in September, ORCL has been an outstanding performer on the charts long term. The tech name is now up 24% year-to-date, with support from its 200...Read More
"IAMGOLD Exercises Its Option to Increase Its Ownership of the Nelligan Gold Project in Quebec to 75% https://t.co/BeDpz9CKt9"Read full newsRead More
Dow name Nike is scheduled to report earnings on ThursdayMaking headlines next week will undoubtedly be the third-quarter gross domestic product (GDP) report, slated for Friday, Dec 20. The Job Openings and Labor Turnover Survey (JOLTS) and several manufacturing updates are also due, with a handful of notable earnings on the docket, as well. Some names sharing quarterly results will be blue chip N...Read More
Less than three years after China told the World Trade Organization it was going to ban imports ofRead full newsRead More
"NexGen Demonstrating Continuity of Grade and Thickness at Arrow -Read full newsRead More
Reports say the U.S. could cut existing tariffs on ChinaStocks are spiking today thanks to bullish trade developments. First, President Donald Trump tweeted that the U.S. and China were "VERY close" to a "BIG DEAL," and fresh reports suggest the Trump administration is willing to cut existing tariffs on China along with canceling Sunday's deadline for more tariffs. The Dow Jones Industrial Average...Read More
Rockfire Resources (LSE:ROCK) sat at 1.9p on Thursday after revealing more positive signs from its Plateau gold deposit in Queensland, Australia, where a s...Read full newsRead More
EA stock just ran into its historically bearish 80-week moving averageVideo game concern Electronic Arts Inc (NASDAQ:EA) has had an impressive run on the charts in recent months, tacking on 12.5% since its early October lows, and clocking an eight-month high of $104.96 today. During this race higher however, EA ran straight into a long-term trendline that could, if past is precedent, bring its rec...Read More
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FDA buzz has AMRX shares jumping this morningAmneal Pharmaceuticals Inc (NYSE:AMRX) shares are up 34.2% this morning at $4.67, thanks to news the company's EluRyng -- a generic version of Merck's (MRK) NuvaRing -- was approved by the U.S. Food and Drug Administration (FDA). While this price action has the healthcare concern on pace for its highest close since July, the rally so far may not be big...Read More
The 200-day moving average has emerged as supportPumpkin spice connoisseur Starbucks Corporation (NASDAQ:SBUX) is enjoying a 2.4% lift this morning, trading at $88.70 after receiving an upgrade to "overweight" from "neutral," at J.P. Morgan Securities. The firm also hiked its price target by $4 to $90, citing a recent meeting with the company in which it was impressed by sales drivers and Starbuck...Read More
GE calls are popular and affordably pricedOn Monday, General Electric Company (NYSE:GE) was in focus for its heightened options activity. Today, the former Dow name is up 3.3% to trade at $11.33, after UBS raised its rating on GE to "buy" from "neutral," while hiking its price target to $14 from $11.50. The analyst in coverage thinks the increase cash flow will create a positive inflection point...Read More
"Rockfire Resources (#ROCK) announce further assay results from drilling the new discovery zone at its Gold Deposit in Queensland, Australia.New zone though to form part of the near-surface expression of a large gold system hit in BPL025More to followhttps://t.co/1Q8wRAxfYj"Read full newsRead More
Canopy just released a line of CBD products in the U.S.The shares of Canopy Growth Corp (NYSE:CGC) are popping today, up 1.1% to trade at $20.53 after the firm announced its launch of First & Free --hemp-derived CBD products -- for the U.S. market. The line will include softgels, oil drops, and creams, and will be available to purchase through the brand's website. While still down roughly 24% for...Read More
"Avesoro Resources (#ASO) enters working capital loan agreement with Avesoro Jersey for up to $8.5m.Money will cover business's near-term cashflow needs.https://t.co/nOn4zgiRgP"Read full newsRead More
"IronRidge Resources (#IRR) receives final assay results from drilling at the Ewoyya Lithium Project. The results returned high-grade intersections, including the most significant drill intersection reported to date.https://t.co/RawjISk8yR"Read full newsRead More
The Dec. 15 trade deadline is looming larger and largerAfter the Fed kept interest rates steady yesterday, stock futures are drifting lower this morning. Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq-100 Index (NDX) futures are all signaling slightly lower opens, as investors turn their eyes away from the Fed and back to U.S.-China trade drama. Reports indicate President...Read More