The brokerage firm said increased competition creates risk for the Roomba makerThe shares of iRobot Corporation (NASDAQ:IRBT) are down 9.4% at $52.02, after Raymond James downgraded the stock to "underperform" from "market perform," citing expectations for "robot wars," with rising competition "peeling back prices at the high end." This will likely increase pricing pressure on the Roomba maker, th...Read More
Ontario's government is investing in a conference centre, creating five full-time jobs and 10 seasonal jobs.Today, Parliamentary Assistant Dave Smith, on behalf of Greg Rickford, Minister of Energy, Northern Development and Mines, announced Killarney Mountain Lodge received $400,000 for the construction of the Canada House conference centre. The conference centre, built with locally sourced logs a...Read More
ROKU's recent pullback found a cushion at the $100 levelAlmost three weeks ago, Pivotal Research called Roku Inc (NASDAQ:ROKU) "overvalued" and said it's time to sell the streaming stock. Today, Macquarie is singing a different tune, raising its rating to "outperform" and hiking its price target to $130 from $110. The analyst in coverage sees an international shift in cord-cutting, and combined w...Read More
The firm posted third-quarter earnings and revenue that exceeded analysts' estimates, though The shares of denim maker Levi Strauss & Co. (NYSE:LEVI) are slightly lower after last night's earnings report. The firm reported third-quarter profits of 31 cents -- beating analysts' estimates of 28 cents per share -- and revenue of $1.45 billion, which also exceeded expectations. LEVI did report a decli...Read More
Bloomberg is reporting China is open to making a dealDow Jones Industrial Average (DJI) futures are soaring above fair value this morning, thanks to upbeat trade headlines. Specifically, Wall Street is reacting to a Bloomberg report suggesting China is willing to accept a partial trade deal if the U.S. doesn't impose more tariffs. In response, trade-sensitive names like Apple (AAPL) and Caterpilla...Read More
Gold and nickel look set to be winners, while coal, iron ore and zinc may struggle, the bank said.Read full newsRead More
Implats said the transaction wouldRead full newsRead More
"Reflecting on @PowerMetRes' #Katoro announcement yesterday and it is clear the exploration potential at #Haneti is huge.The full announcement can be read herehttps://t.co/jgLqVoDvcSWe will provide a review of this soon.#KAT #POW"Read full newsRead More
Two of our favorite sentiment surveys are historically far apart Two popular sentiment surveys that we follow are showing vastly different outlooks for investors. You would expect some optimism given that the S&P 500 Index (SPX) is up 15% on the year and less than 5% away from its all-time high. The sentiment survey done by Investors Intelligence (II) shows optimism just as one would expect. The s...Read More
"$UAA - Under Armour: The Dark Horse In The Sportswear Market. Sign up for updates on Seeking Alpha! https://t.co/OboV5jSbSX #stocks #finance #trading"Read full newsRead More
"$JNJ - Johnson & Johnson's Nod For Prostate Cancer Drug May Offer Hope To Specific Patients. Get more info on Seeking Alpha: https://t.co/DSI8f9TpBc #markets #investing #stockmarket"Read full newsRead More
"$DB - Deutsche Bank Shrinking, Thanks To Low Interest Rates And Anemic EU Economy. Keep reading: https://t.co/aWdS0u14Ly #stocks #investing #business"Read full newsRead More
Even in markets run by Presidential tweets and Federal Reserve whims, there are a few irreversible trends that will make fortunes for investors. Dozens of today's top experts are going to provide the inside track to these trends at the world's most exclusive and profitable investment event. The New Orleans Investment Conference has a long history of attracting insightful - even legendary - figures...Read More
A summary of base metals premiums from across the globe for the week to Tuesday October 8.Please click...Read More
The London Metal Exchange three-month copper price fell by 0.6% at the close of trading on Tuesday October 8 to $5,682 per tonne compared with $5,722 per tonne the previous day despite a doubling of lots traded from this morning, with just shy of 16,500 lots having changed hands by the afternoon kerb. The red metal's LME three-month price has ignored a 4,800 tonne outflow from LME-approved warehou...Read More
A consortium including commodities brokerage Marex Spectron has launched a product monitoring the up-to-date operational status of up to 90% of the world's copper smelters using satellite technology. The SAVANT Global Copper Smelting Index is a partnership between Marex Spectron and geospatial intelligence company Earth-i, with development partly funded by the UK Space Agency via the European Spac...Read More
Chilean copper miner Antofagasta has requested the government to mediate discussions with the union of its flagship Los Pelambres mine, putting a brake on an imminent strike at one of the world's largest copper mines. The Los Pelambres union said on Monday October 7 that Antofagasta has requested mediation from the labor bureau of the Chilean government regarding a rejected remuneration package. T...Read More
"The trade war is only becoming more complex, all of the sudden encompassing issues related to capital markets, moral concerns, and cultural institutions. For markets, this is complicating an already complicated situation," IG market analyst Kyle Rodda tweeted this morning.Meanwhile the US and Japan yesterday signed two new trade agreements.Gold has bobbed back up over US$1,500 an ounce to $1,507/...Read More
Fastmarkets has amended the specifications of its two cobalt hydroxide price assessments to take account of chemical components, mine origin of material eligible for consideration, and publication frequency. Following a consultation, Fastmarkets has tightened the chemical specification of the cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt...Read More
Star Diamond acquired Newmont's interest in the broader Fort à la Corne joint venture in June 2017 and concurrently entered an option to joint venture agreement with Rio over up to 60%, which it dubbed Project FalCon.The company said Rio had used new sampling technology at its Star kimberlite, with the trench cutter sampling rig able to reach up to 250m below surface and it had been designe...Read More