SVB Leerink lowered its CLVS rating and slashed its price targetSVB Leerink downgraded Clovis Oncology Inc (NASDAQ:CLVS) stock to "market perform" from "outperform," and slashed its price target by $12 to $10. The analyst in coverage called CLVS' licensing deal with German radiopharmaceutical therapies firm 3B Pharmaceuticals "ill-timed given investor concerns about the company's use of cash," and...Read More
"#GlobalEnergyMetals $TSXV:$GEMC | OTCQB:GBLEF | FSE:5GE1 offers investment exposure to the growing #rechargeablebattery and #electricvehicle market by building a diversified global portfolio of exploration and growth-stage #cobalt assets#MomentumStockshttps://t.co/8ijjyfHvNH"Read full newsRead More
Monday saw Power Metal Resources (LSE:POW) highlight the positive impact that increasing nickel prices could have on both its Molopo Farms Complex (MFC) project in Botswana and its Haneti asset in Tanzania.In an update, the business delivered an update on itsprogress at both of these assets, inRead full newsRead More
Haunted by their overexpansion during the last gold boom, mining companies are shunning spending and taking a more conservative approach.Read full newsRead More
The shares are trading near a historically bearish trendlineAbercrombie & Fitch Co. (NYSE:ANF) stock hit a 22-month low of $13.58 on Sept. 3, on mounting U.S.-China trade worries. The retail shares rallied off this level, but are now sounding a technical signal that's preceded periods of weakness before. And with implied volatilities at historically low levels, it could be time to buy puts to bet...Read More
"The project has over 3km of underground development; mining permits and a high-grade resource of 1.2M OZ at 10.1g/t of gold!https://t.co/I0DuaDvAC8$BSR #bluestoneresources #gold #mine #momentumstocks #bsr #cerroblanco #exploration #goldcorp #mining #mita"Read full newsRead More
"We are pleased to have Silver sponsor @Infosys join us at Future of Mining Americas on the 21-22 October in Denver!@Infosys is a global leader in next-generation digital services and consulting. #futureofmining #FOMAmericas @futureofmining https://t.co/eEVIDLpLTk"Read full newsRead More
Traders are eyeing the latest sentiment and housing dataThe Dow Jones Industrial Average (DJI) was up triple digits earlier, as stocks reacted to bullish U.S.-China trade developments, with the Trump administration confirming more trade talks will take place next month. However, despite gains from Apple (AAPL), the Dow has since turned negative, following the S&P 500 Index (SPX) and Nasdaq Composi...Read More
Chile's Codelco has a new funding strategy that includes issuing debt and selling non-structural assets.Read full newsRead More
German prosecutors aren't done with dieselgate...Read full newsRead More
Here is what's new today on INK Ultra Money.1. High yielding Plaza Retail is beating Amazon out in the open - INK Research (subscriber content plus free audio)In the September 24th Morning Report, INK Research focuses on Plaza Retail REIT (PLZ) which has outperformed retail juggernaut Amazon (AMZN) over the past year. The secret to the their success might be found outdoors.Plaza CEO Michael Zak...Read More
And how the SPX performs after two rate cuts in 60 daysThe Fed last week opted to cut interest rates by another quarter point -- much to the dismay of President Donald Trump -- though the central bank's corresponding statement and Fed Chair Jerome Powell's subsequent press conference pointed to a division about further action this year. While we recently outlined the best and worst stocks to own a...Read More
"The Mining Journal Global Finance Report 2019 provided analysis of recent successful financings and the 2020 report should feature a bigger contribution from the industry. If you're from a listed mining company, please fill out this stock exchange survey.https://t.co/RA91GlfExE"Read full newsRead More
O has been climbing the charts in 2019Real estate investment trust Realty Income Corp (NYSE:O) has been locked in a steady trend higher on the charts. The stock is up about 33% year-over-year, and more than 20% on a year-to-date basis. Last week, the stock gapped higher on news of a dividend hike, which pushed O above the $75 level -- home to double the stock's 2014 lows, and a former layer of res...Read More
NFLX is barreling toward its lowest close of the yearPivotal Research slashed its Netflix Inc (NASDAQ:NFLX) price target to $350 from $515, saying the company will likely have to boost market content spending as competition in the streaming space accelerates. The brokerage firm also pointed to expectations for weak third-quarter subscriber growth -- echoing concerns expressed last week by Evercore...Read More
Wall Street Insider is a behind-the-scenes look at the stories dominating banking, business, and big deals.Read full newsRead More
3 familiar names receiving bull notes todayThree stocks in focus after updated analyst coverage are Dow components Apple Inc. (NASDAQ:AAPL), McDonald's Corp (NYSE:MCD), and Walt Disney Co (NYSE:DIS). Here's a quick breakdown of how Wall Street is viewing AAPL, MCD, and DIS shares. AAPL just received new coverage from Jefferies, which called the iPhone maker a "buy" and gave it a $260 price target....Read More
NBEV has lost more than half its value since AprilOne of the best stocks on the Nasdaq this morning is New Age Beverages Corp (NASDAQ:NBEV), up 12.4% to trade at $3.13, on track for its best single-session gain since April 9. This is after Japan's Narcotics Control Division and the Ministry of Health approved the company's cannabidiol (CBD) products, allowing New Age's CBD-infused items to be s...Read More
The auto seller's second-quarter earnings and revenue both exceeded analysts' estimatesThe shares of auto retailer CarMax, Inc (NYSE:KMX) are popping today, after the firm reported second-quarter earnings of $1.40 per share on $5.2 billion in revenue -- both of which topped analysts' expectations. The company cited a boost from online sales for its earnings beat. KMX stock is 3.9% higher at $90.30...Read More
It's a busy morning for updates on U.S.-China tradeFutures on the Dow Jones Industrial Average (DJI) are above fair value this morning, on news U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer will hold trade negotiations with Chinese Vice Premier Liu He in Washington in early October. Additionally, a Bloomberg report indicated Beijing issued new tariff exemptions...Read More