WWE shares have been crushed in the second half of 2019World Wrestling Entertainment, Inc. (NYSE:WWE) stock has been selling off since its peak above $100 back in April, including last week's bear gap from the $66 regionto below $57, and today the shares are adding to these woes. The stock is trading down 3% at $54.27, after Wells Fargo cut its price target to $80 from $94 and said the company has...Read More
The pharma stock could hit record highs soonDrugmaker Zoetis Inc (NYSE:ZTS) will report earnings before the open this Thursday, Nov. 7. While the shares of ZTS have already added more than 46% so far in 2019, and touched a record high of $130.20 in mid-October, the stock is once again flashing a historic buy signal -- suggesting more upside could be in store before year's end.Specifically, Zoetis...Read More
Mining stands to gain a lot from automation, and the industry is waking up to the benefits of new technologies. But what helps one area can hurt another, and mining automation could have drastic geopolitical consequences.Read full newsRead More
Higher gold prices more than double Sabodala's net cash flow Company on track to meet higher end of 2019 production guidance and lower end of cost per ounce...Read full newsRead More
Wells Fargo is bullish on Marvell's 5G potentialA chip stock to keep an eye on is Marvell Technology Group Ltd. (NASDAQ:MRVL), for a lot of reasons. For starters, MRVL is up 5% to trade at $26.36 today, after Wells Fargo upgraded it to "outperform" from "market perform" and hiked its price target to $32. Plus, the stock recently pulled back to the 160-day moving average, which historically been a...Read More
The Dow is brushing off a big loss for MCD stockThe Dow Jones Industrial Average (DJI) is trading up triple digits at midday, brushing off a big drop for blue chip McDonald's (MCD). The fast food stock was last seen down 2.5% on the unexpected ouster of CEO Steve Easterbrook. Instead, investors are reacting to upbeat U.S.-China trade buzz, which has the Dow, S&P 500 Index (SPX), and Nasdaq Compos...Read More
Eldorado Gold reported its Q3 results this week, and continues to track near its 2019 guidance provided in February.The Lamaque Mine PEA is due later this year, with the potential for a slight expansion in annual production.The company is on track to deliver on guidance, but it remains inferior to its peers fundamentally given its operations in mostly tier-3 jurisdictions, and high costs.It's been...Read More
AMRN is ripe for downgradesBiopharmaceutical name Amarin Corporation plc (NASDAQ:AMRN) has had a volatile year on the charts. Stuck in a series of higher lows since early August, the AMRN isfailing to fully recover from two drastic bear gaps seen earlier this year. While the $14 has cushioned drastic pullbacks of late, AMRN looks to be once again approaching a key level -- one which tends to ha...Read More
Jefferies thinks the stock's risk/reward is fair at current levelsJefferies downgraded Papa John's International, Inc. (NASDAQ:PZZA) to "hold" from "buy," but left its $58 price target intact. The brokerage firm said "material upside" to sales seem unlikely given increased competition in the pizza delivery space, and believes that while same-store sales will improve in coming quarters, this is alr...Read More
CEO Steve Easterbrook was ousted after the board deemed a consensual relationship he was having with an employee inappropriate The shares of McDonald's Corp (NYSE:MCD) stock are trading lower this morning after the company fired its Chief Executive Officer Steve Easterbrook for a consensual relationship with another employee that the board deemed inappropriate. Easterbrook in an email said the rel...Read More
Today INK Ultra Money looks at longevity as an emerging investment theme. In particular, what would happen if you could reverse the aging process? AK breaks down the last week's premium episode of "Discoveries" to identify the massive opportunity presented by the health care industry's anti-aging space.A new way of looking at agingMeanwhile, as the Fed cuts rates and floods the financial system w...Read More
OKE is still 8% off its mid-September peakNatural gas specialist ONEOK, Inc. (NYSE:OKE) is moving higher in today's trading, last seen up 1.1% at $71.05. The equity is enjoying an upgrade to "buy" from "neutral" and an $81 price target at Goldman Sachs. Coming on the heels of a respectable third-quarter report last week, analyst Michael Lapides said his outlook for 2020 through 2022 represents a...Read More
The chip stock has found support at its 10-day moving averageThe shares of Nvidia Corporation (NASDAQ:NVDA) are up 2% to trade at $206.61 today, enjoying a price-target hike to $200 from $165 at Craig-Hallum. That's two bull notes in as many weeks for the chip stock, and has NVDA already erasing last week's 1% decline. Nvidia stock took a nice bounce off the $170 region in late September, and ha...Read More
"Emmerson (#EML) finalises the Feasibility Study components of port and transport and logistics, including capital and operating cost estimates, for its Khemisset Potash Project in Northern Moroccohttps://t.co/FhgD72tFpI"Read full newsRead More
"Core Gold (#CORA) up 4pc as it reveals that the latest work at its Sanankoro Gold Discovery in, Southern Mali has confirmed the potential for higher gold grades at multiple zoneshttps://t.co/3tj33g7BGH"Read full newsRead More
Hopes that U.S. companies will soon be able to sell to Huawei is sending stocks higher this morning Dow Jones Industrial Average (DJI) futures are signaling a record high today, up more than 100 points in pre-market trading after Commerce Secretary Wilbur Ross on Sunday confirmed that U.S. companies would be granted licenses to do business with Huawei in the near future. The S&P 500 Index (SPX)...Read More
Gold closing above $1500 to $1503 is extremely bullish.Inflation, debt and rising consumer prices may cause and explosion in the metals, especially gold.The daily signals average is $1509, while the S1 target that was activated is $1523.$1523 is the beginning of distribution of supply for the daily and weekly numbers. Commodity Inflation May Trigger a Gold Rush Although the government disagrees, i...Read More
The U.S. Justice Department and SEC are investigating Under ArmourUnder Armour Inc (NYSE:UAA) stock is sinking in electronic trading -- down 13.4%, at last check -- on news the athletic apparel retailer is being investigated by U.S. federal regulators over possible accounting fraud. The Wall Street Journal initially reported on the probe, which is being conducted by the Justice Department and the...Read More
Allogene Therapeutics has received many bull notes since going public last yearCAR-T therapy has been the big thing in oncology in recent years, and one name at the forefront of the immuno-oncology movement is Allogene Therapeutics Inc (NASDAQ:ALLO). In fact, Canaccord Genuity came out with a note this morning praising the company, saying its allogeneic CAR-Ts could be a market leader in the allog...Read More
Potential support resides at prior highs, which coincided with previous Fed rate cuts"A couple of factors that could be supportive of stocks in the weeks ahead is the contrarian implications of low earnings expectations as we move into earnings season. And, since late April, when the SPX was trading around 2,950, short interest on SPX component stocks is up nearly 11%..."-- Monday Morning Outlook,...Read More