Sixty North Gold Mining Ltd. is pleased to announce that it has entered into a non-binding letter of intent with New Discovery Mines Ltd.Read full newsRead More
Netflix will report earnings after the close on Oct. 16The shares of Netflix Inc (NASDAQ:NFLX) are higher today, up 1.2% to trade at $273.97, shaking off a price-target cut to $300 from $380 at Evercore. The analyst in coverage noted that the streaming field is becoming crowded, and due to Netflix's pricing, could be stuck in a "race to the bottom."The analyst caution over Netflix stock is well-fo...Read More
The UAW rejected GM's latest offer General Motors Company (NYSE:GM) stock is lower, after Sunday's negotiations between the automaker and the United Auto Workers (UAW) union took a "turn for the worse," according to Terry Dittes, who is the UAW vice president of the GM division. Specifically, the UAW rejected GM's offer of a new four-year labor contract, which Dittes said "did nothing to advance a...Read More
U.S.-China trade officials will meet in Washington, D.C., later this weekThe Dow Jones Industrial Average (DJI) is trading just below breakeven at midday, but has pared sharper losses from the morning. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) have climbedinto the black, though, after earlier being down on reports of China's reluctance to hammer out a trade dealin Washington, D.C., la...Read More
EnviroCopper is a privately-run mining company seeking to develop copper projects using an extraction method called "in situ- recovery" ("ISR"). London-lis...Read full newsRead More
After a September earnings disappointment, Adobe stock just met up with a key supportive trendlineShares of technology powerhouse Adobe Inc (NASDAQ:ADBE) are just about flat in today's session, trading fractionally higher at $277.21. The stock is down about 10.9% from its July 26 closing high of $311.27, with the pullback exacerbated by a negative earnings reaction in mid-September. However, ADBE...Read More
The number of illegal miners killed in a gold mine collapse in the Democratic Republic of Congo rose to 22 on Thursday, the country's minister of social affairs told CNN.Read full newsRead More
Russ Parker has been the CEO of Crater Gold Mining Limited (ASX:CGN) since 2015. First, this article will compare CEO...Read full newsRead More
Both NVDA and AAPL could be sensitive to the U.S.-China trade talks this weekThe shares of Nvidia Corporation (NASDAQ:NVDA) are trading up 2.5% this morning at $186.61 after RBC's price-target hike to $217 from $190, which was based off the firm's bullish view of NVDA's gaming and data center businesses. The chip stock has now jumped more than 18% in the past three months and is pacing for its hig...Read More
J.P. Morgan Securities and Cowen both like 10X Genomics Wall Street newbie 10X Genomics Inc (NASDAQ:TXG) is in focus after not one, but two analysts initiated coverage on the biotech this morning. Specifically, Cowen started following TXG with a "buy" rating, and a $55 price target, while J.P. Morgan Securities began coverage with an "overweight" rating, also giving the equity a $55 price target....Read More
UBER has recently seen resistance from its 30-dayRide-hailing service Uber Technologies Inc (NYSE:UBER) is up 1.5% this morning at $30.11,after receiving an upgrade to "buy" from "neutral" at Citigroup. The brokerage firm waxed optimistic on third-quarter results and growth for the second half of 2019, despite legal troubles the company has endured.Though it's still early, today's gains puts Uber...Read More
GE said it would freeze pensions of around 20,000 employeesGeneral Electric Company (NYSE:GE) stock is down 0.4% at $8.54, after the industrial conglomerate said it would freeze pension plans for around 20,000 salaried U.S. employees. The move comes as part of the company's broader plan to lower its pension deficit by up to $8 billion.It's been a rough stretch for GE since a late-September rejecti...Read More
XENT has now shed 45% in 2019Near the bottom of the Nasdaq this morning sits Intersect ENT Inc (NASDAQ:XENT), down 11.3% to trade at $15.06. This comes after the medical device maker's drug-coated balloon treatment for sinus dilation failed its main goals in a study. This is pacing to be XENT's worst single-session drop since an earnings-induced bear gap on Aug. 2. The shares bounced from their...Read More
There are a number of analyst notes worth monitoring this morningU.S. stock futures are pointing to a modestly lower open for equities today. There's little on the trading schedule as far as earnings and economic updates go, leaving traders to focus on the U.S.-China trade talks scheduled for later in the week. Over the weekend, a Bloomberg report indicated Beijing may not agree to a broad trade d...Read More
"Metal Tiger (#MTR) says drilling at its 59.8pc-held Ngami and Okavango copper projects has intersected the D'Kar and Ngwako Pan formations, including contact in fold-hinge settings with associated Cu mineralisation. Shares down 2.3pc to 1.3p at writinghttps://t.co/QbvZChpR0k"Read full newsRead More
A VIX close above 20 could enhance the odds of a volatility spike"A VIX breakout above 18.00 coincident with the SPX closing below 2,950 could set up a retest of the August lows in the 2,850 area. A worst-case scenario for bulls would be the SPX again retesting its year-over-year breakeven level, which has been the theme of many pullbacks during 2019. The October 2018 closing low was at 2,641, whi...Read More
"Emmerson (EML) signs MoU with Voltalia to look electricity provision to the Khemisset Potash Project in Morocco. Could reduce power costs and enhance economics of projectEML shares flat at 3.4p as firm advances Khemisset towards full feasibilityhttps://t.co/PsZJYI3KHM"Read full newsRead More
"Petra Diamonds (#PDL) announces a special tender of the 20.08 carat blue diamond recovered from the Cullinan mine in South Africa in Sept Viewings will take place from 1-7 November at Petra's diamond marketing offices in Johannesburg. https://t.co/7uXvCKQsrG @Petra_Diamonds"Read full newsRead More
The sell-off in Resideo stock has intensified since the spin-off.Resideo has an extremely attractive valuation which hints significant upside.The growth story is not in lines with what is expected from a growth company.Indemnity payments to Honeywell are weighing down the company's ability to generate FCF.It is almost 6 months since my previous article on Resideo Technologies (REZI), "The Good...Read More
"Shefa Gems demonstrates strong project progress in recent site visitInvestor Andy Morrison visited the firm's Israel project to discuss, among other areas, its marketing efforts and its progress towards securing a mining licence.https://t.co/294ynoeGuv#SEFA @shefagems"Read full newsRead More