SE options are attractively priced at the momentOne of the hottest stocks in the last 12 months is Sea Ltd (NYSE:SE). The e-sports name has more than tripled year-over-year, culminating in a Jan. 7 record high of $41.80. But SE could just be getting started; the stock is currently flashing a historically bullish signal.More specifically, Sea's recent high comes amidhistorically low implied volat...Read More
InVitae's recent rally looks short-livedBiotech InVitae Corp (NYSE:NVTA) is down 2.3% this afternoon -- set to snap its three day win streak -- though the catalyst is unclear. Prior to today's drop, the equity was recovering from its early January lows near $15, but remains up 22% year-to-date. However, supported by today's drop, now might be the time to take a step back from NVTA, as data from Sc...Read More
The Dow and its peers are back near breakeven at middayThe Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) have all hit new highs today, though a big drop in job openings in Novemberhas pulled the major indexes back near breakeven on the day. In turn, the Dow's four-day win streak is in jeopardy -- though stocks' weekly gains appear firmly in place. Elsewher...Read More
TWTR has been attempting to recover from its fourth-quarter lowsSocial media giant Twitter Inc (NYSE:TWTR) is trading below breakeven this morning, last seen down 0.3%, at $34.08. The shares are struggling after receiving an early morning downgrade out of UBS. The firm downgraded TWTR to "neutral" from "buy," and cut its price target to $35 from $37, citing expectations for higher R&D and investm...Read More
The shares of IMBI and DRRX are moving in opposite directionsWhile stocks on the whole are set to close the week on a strong note, we're taking a closer look this morning at penny stocks iMedia Brands Inc (NASDAQ:IMBI) and Durect Corporation (NASDAQ:DRRX). Here's a look at what's moving the shares of IMBI and DRRX this morning. For IMBI, the shopping experience specialist has seen its stock jump 5...Read More
Today on INK Ultra Money Free we visit James Bay in Quebec where Azimut Exploration (AZM) has been actively exploring using big data. The stock soared on Tuesday on the back of encouraging maiden drilling results from its Elmer project. In this short and free INK Research video, we explain what is driving the excitement in the stock and area again. Two plays in James BayAn audio download is also...Read More
GPS is staring up at its 200-day trendline stillRetailer Gap Inc (NYSE:GPS) is in focus this morning, after abandoning its plans to spin off Old Navy. Instead, the company will focus on recuperating its dropping sales figures. Five analysts have upped their price targets in response, including to $20 from $19 at Wedbush. An analyst at Jefferies said it will "take time to heal," but called it the...Read More
Comcast just revealed more details about its new streaming service, Peacock The shares of broadcasting name Comcast Corporation (NASDAQ:CMCSA) are eyeing their fifth straight win today as more details from the firm's streaming service Peacock roll out. The firm said it will offer a free tier of the service, as well as a $5 a month option -- which will include advertising -- in order to win over cu...Read More
Stocks are set to close a big week on a bullish noteThe Dow Jones Industrial Average (DJI) is setting its sights on a fifth straight win and another record high, as stock futures point to another up day to close out a big week on Wall Street. Stocks recently have been fueled by the signing of the "phase one" trade deal and positive economic data, including this morning's strong update on housing s...Read More
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The three-month nickel price on the London Metal Exchange was lower at the close of trading on Thursday January 16, falling by more than 3.5% to settle below nearby resistance, while a steady upswing in tin's outright price saw it close at a six-month high.Nickel's outright price on the LME closed at $13,775 per tonne on Thursday afternoon, losing more than $650 per tonne from an intraday high of...Read More
China Nonferrous Mining Corp's (CNMC) Lualaba copper smelter has commenced operations in the Democratic Republic of Congo (DRC) with an estimated output of 100,000 tonnes of copper this year, Fastmarkets has learned. The smelter started production at the start of 2020, a source close to the matter told Fastmarkets. The 120,000 tonne-per-year capacity smelter is the only major copper smelter in the...Read More
The three-month lead price on the London Metal Exchange was higher during morning trading on Thursday January 16, with price action breaking past the $2,000-per-tonne resistance level against strong volumes, while zinc futures followed higher. Lead's outright price on the LME was recently at $2,026.50 per tonne, while morning trading volumes were high with over 2,100 lots exchanged as of 9:30am Lo...Read More
China Nonferrous Mining Corp's (CNMC) Lualaba copper smelter has commenced operations in the Democratic Republic of Congo (DRC) with an estimated output of 100,000 tonnes of copper this year, Fastmarkets has learned. The smelter started production at the start of 2020, a source close to the matter told Fastmarkets. The 120,000 tonne-per-year capacity smelter is the only major copper smelter in the...Read More
South32 has maintained its production guidance for its Hillside and Mozal aluminium smelters for its 2020 financial year, despite the first half being affected by South African power outages. Aluminium At Hillside, aluminium saleable production increased by 1% to 362,000 tonnes in the first half of South32's financial year ended December 31, 2019, attributed to the smelter continuing to test...Read More
A preliminary trade agreement between the United States and China has done little to change the outlook for industrial minerals and minor metals, with no sign of a reversal for tariffs on Chinese material and no firm commitments on Chinese purchases. The US has agreed to pause new tariffs on Chinese goods in exchange for China signing a deal containing a number of commitments, including $200 billi...Read More