Analysts love RingCentral stockRingCentral Inc (NYSE:RNG) shares recently bounced from the $150 area, near the site of their huge bull gap earlier this month, and today they're trading up 0.5% at $161.41, thanks to a bullish note out of brokerage firm Jefferies. The analyst in coverage says they see a path where the company's annual revenue can top $2 billion, keeping their "buy" recommendation in...Read More
The Paris retailer made a $14.5 billion unsolicited bid for TiffanyTiffany & Co. (NYSE:TIF) stock is red-hot this morning, after Paris-based LVMH made a $14.5 billion buyout bid for the U.S. jeweler. The Louis Vuitton owner's unsolicited offer equates to roughly $120 per TIF share -- a 21.7% premium to last Friday's close at $98.55 per share -- and has the retail stock up 32.4% out of the gate to...Read More
SPOT is on track for its biggest one-day jump everThe shares of Spotify Technology SA (NYSE:SPOT) are up 10% to trade at $132.90 this morning, on track for the best single-session gain ever. The media streaming name reported adjusted third-quarter earnings of 40 cents per share, blowing past the analyst estimates of a 31 cents per share loss. Revenue and premium subscribers also surpassed expect...Read More
CFO Louis Hsieh resigned from the company for personal reasonsThe shares of electric carmaker Nio Inc (NYSE:NIO) are sinking even further into penny-stock territory, amid newsthe firm's chief financial officer (CFO), Louis T. Hsieh, will be resigning from his post for personal reasons. A search for a replacement has been initiated, with Hsieh's resignation taking effect on Wednesday, Oct. 30. The...Read More
YUMC looks to be in recovery mode after a recent fall off its September highsGlobal fast food name Yum China Holdings Inc (NYSE:YUMC) is up 2.3% at $44.58 this morning, after brokerage firm Jefferies initiated coverage with a "buy" rating and $54.60 price target. The target isa 25% premium to Friday's close of $43.57, and top the equity's Sept. 13 annual high of $48.36. The bull note also comes j...Read More
Earnings have been strong this morningU.S. stock futures are trading above fair value this morning, putting the S&P 500 Index (SPX) on pace to hit a record high. Dow Jones Industrial Average (DJI) futures are comfortably in the black, as well, pointing to a roughly 100-point rise at the open, thanks to a strong earnings reaction for blue chip Walgreens Boots Alliance (WBA). Lingering optimism...Read More
"Emmerson (#EML) inches up 3.6pc after delivering a 72pc increase in total resources at its Khemisset project to 537Mt of potash with an average grade of 9.24pc K2O - https://t.co/kCWn3DezDN"Read full newsRead More
"SolGold (#SOLG) releases two updates for Alpala project.-Improved recoveries in metallurgical tests across all valuable minerals 'indicates a major value uplift' for project.-Firm now engaged with concentrate market participantshttps://t.co/0MfYZZG7Ex"Read full newsRead More
"Rockfire Resources (#ROCK) bounces 7pc after encountering an extensive sulphide zone at Plateau project in Australia by testing a new geological theory at the project - https://t.co/Mpgbd5mgsm"Read full newsRead More
The sentiment backdrop still favors a breakout, even with Fed uncertainty in the mix"Even though the SPX failed at resistance levels last week, I still see growing potential for a breakout. First, the headwind of an options-related call ceiling disappeared last Friday with October options expiration. Additionally, looking ahead to November standard expiration, it appears the major SPY call open in...Read More
We've previously discussed why one might want to own gold, but another question involves timing one's entry into that volatile market.To that tricky question, Seeking Alpha contributor Ploutos proposes an intriguing approach based on calculating "gold yield.".I find the approach elegant and relevant, and look forward to seeing how this method stands the test of time.Listen on the go! Subscribe to...Read More
What a rare AAPL outperformance signal means for the DowThe following is a reprint of the market commentary from the November 2019 edition of The Option Advisor, published on October 25. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.There's been something of a "changing of the guard" going on this quarter among th...Read More
GAMCO Global Gold, Natural Resources & Income Trust is a closed-end fund that's designed to generate income by applying a buy-write strategy to more volatile sectors.Gold and gold stocks are rising despite the strong dollar. Oil prices and energy stock performance is lagging.The volatility of gold and energy stocks remains high and this will positively impact GGN's premium income and divid...Read More
"$OSBC - Old Second Bancorp, Inc. (OSBC) CEO James Eccher on Q3 2019 Results - Earnings Call Transcript. Read more and sign up for updates: https://t.co/DKBWnzTWBM #stockmarket #business #finance"Read full newsRead More
"$NVS - Novartis And LIK066/Licogliflozin In Obesity. Follow this and any other stock on Seeking Alpha! https://t.co/5eT4Nt4sEK #trading #markets #finance"Read full newsRead More
"$XOP - XOP Investors Beware: U.S. Achieving 'Oil Independence'. Sign up for updates on Seeking Alpha! https://t.co/c86tTJP41w #business #investing #economy"Read full newsRead More
"$AG - First Majestic Silver: Get Ready For A Huge Quarter. Follow this and any other stock on Seeking Alpha! https://t.co/eMgnzwFnHV #markets #finance #stocks"Read full newsRead More
"$KNCRF - Konecranes Plc (KNCRF) Q3 2019 Results - Earnings Call Transcript. Get more info on Seeking Alpha: https://t.co/FLAsxAoRjt #economy #markets #investing"Read full newsRead More
"The Protected Principal Retirement Portfolio: Preliminary Rebalancing. Subscribe to Seeking Alpha for more: https://t.co/0WXusaYNAr #finance #markets #business"Read full newsRead More
"$BJWTY $BJWTF - Beijing Enterprises Water Group: Yield And Growth For Investors Comfortable With Risks Involved. Sign up for updates on Seeking Alpha! https://t.co/CuI39YTpml #economy #stocks #investing"Read full newsRead More