VXX is trading near a trendline with historically bearish implicationsThe U.S. stock market sold off sharply in August as U.S.-China trade tensions ramped up. The negative price action in equities created a boon for several volatility trackers, including the iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX), which rallied all the way up to a two-month high of $31 by mid-August. This region c...Read More
Biome Grow Inc. (CSE: BIO) (OTC: BIOIF) released consolidated financial statements for the second quarter and first half of fiscal 2019 on Thursday. The company's...Read full newsRead More
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"Now the fun begins! ??"^??"?$NBUD #Northbud #Cannabiscultivation #EcoGrow #lowcost #Energyefficient #NaturalCultivation, #GrowOPP #Quebecgrow #Cannabis #CSE #smallcaps #Stockstotrade #stockstowatch #MomentumStockshttps://t.co/verUqUpfxh"Read full newsRead More
"Cannabis One Holdings Inc. (#CSE: $CBIS) Announces Closing of Non-Brokered Private Placement [https://t.co/PKnKn3oZTg]#investing #stocks #stockmarket #trading #investors #cannabisnews #capitalmarkets #cannabis #business #potstocks #marijuanastocks"Read full newsRead More
"Peak Positioning Technologies (@PEAKPOSITIONING) (#CSE: $PKK) Files Q2 2019 Results, Reports Revenue of Double Q1 2019 Results [https://t.co/CnFEj3nQpB]#investing #stocks #stockmarket #trading #investors #news #investing #business #investments #tech #technology #ecommerce"Read full newsRead More
Macau's 8.6% revenue drop in August has WYNN and MGM stocks feeling the heat todayStocks are kicking off September on a sour note, amid contracting manufacturing data and newly imposed tariffs on U.S. and Chinese goods. Even more disappointing data out of Chinese gambling mecca Macau has casino names Wynn Resorts, Limited (NASDAQ:WYNN) and MGM Resorts International (NYSE:MGM) sinking, while dru...Read More
"Guyana Goldstrike Appoints Senior Mining Executive Mr. Robert Stuart (Tookie) Angus to the Advisory Board https://t.co/ukrO8jQegm @GYAGoldstrike #Gold $GYA $GYNAF"Read full newsRead More
"The summer was busy for @northbudco , as they have completed the facility and submitted their evidence package to Health Canada. -- @Northbudco $NBUD $NOBDF #CSE #BNN #MarijuanaStocks #CBD #smallcap #cannabis #THC --Watch the September Update Video here: https://t.co/Wtc0VIkrAF"Read full newsRead More
"Codebase (@CSE_CODE) (#CSE: $CODE | #OTCQB: $BKLLF) Pressland Announces Universal News Identifier (UNID) to Fight #FakeNews and Misinformation Online [https://t.co/wPFBsdO0v7]#investing #stocks #stockmarket #trading #investors #cannabisnews #capitalmarkets #business #potstocks"Read full newsRead More
"Yield Growth's (@yieldgrowth) (#CSE: $BOSS | #OTCQB: $BOSQF) Face Moisturizer with #HempOil Passes #EuropeanUnion Compliance Review & @UrbanJuve secures European Trademark [https://t.co/YrC5dHYery]#investing #stocks #stockmarket #trading #investors #capitalmarkets #business"Read full newsRead More
"YDX (@YDXInnovation) (#TSXV: $YDX | #OTC: $YDRMF) brings 6 Arkave #VR arenas to music festival and opens 2 new Pop-Up arenas in mall [https://t.co/TcqqFljCuH]#investing #stocks #stockmarket #trading #investors #news #business #investments #tech #technology #gaming #esports"Read full newsRead More
"Osino (@OsinoResources) (#TSXV: $OSI) Intersects Shallow, High Grade Gold Zone in 4th Diamond Drill Hole at Twin Hills Central, Namibia [https://t.co/5gAgp3f568]#investing #stocks #stockmarket #trading #investors #capitalmarkets #business #miningstocks #mining #resources #gold"Read full newsRead More
The Institute for Supply Management's (ISM) manufacturing index showed contraction in AugustThe Dow Jones Industrial Average (DJI) continues to trade lower, weighed down by concerns around the U.S-China trade relationship. Downbeat economic data could be hurting stocks, too, with the U.S. manufacturing sector contracting in August for the first time since 2016, and construction spending rising le...Read More
Backwardation is a phenomenon in the futures market where spot prices are higher than for future delivery. Usually futures are in contango, where futures sell at a premium to spot.Backwardation happens when there is a shortage of a commodity, usually from seasonal factors like prior to a harvest. It is quickly resolved through arbitrage or an increase in supply.But what if backwardation happens no...Read More
TLRY shares have had a horrible yearLooking through this morning's analyst updates on Wall Street, one of the most jarring is a huge bear note on marijuana stock Tilray Inc (NASDAQ:TLRY). Cowen just came with a monster price-target cut to $60 from $150, and even this is a major premium to the equity's current perch. At last check, it was quoted at $25.93, up 1% on the day. TLRY has certainly earne...Read More
Medicines Company announced successful results for its cholesterol drug, inclisiran The Medicines Company (NASDAQ:MDCO) stock is seeing a huge boost today, after the biopharmaceutical firm announced its experimental drug inclisiran successfully lowered cholesterol in patients with heart disease enrolled in a late-stage trial. SVB Leerink sees the drug's bi-annual injection form as more convenient...Read More
Argonaut Gold has revised its prior cost guidance and is now guiding for all-in sustaining cost guidance of $1,075/oz vs. $1,025/oz previously.The company is a laggard among the mid-tier producer space with high costs and also operates out of B grade jurisdictions.I see the stock as an avoid in favor of lower-cost producers in better jurisdictions.Argonaut Gold (OTCPK:ARNGF) has not seen an impres...Read More
One brokerage firm downgraded PLNT stock to "hold"Berenberg downgraded Planet Fitness Inc (NYSE:PLNT) stock to "hold" from "buy," and slashed its price target to $69 from $80 -- a slight discount to Friday's close at $70.61. In reaction, PLNT stock is down 2.3% in early trading, last seen at $68.99.The equity's longer-term trend has been higher, though, with PLNT up almost 44% since a late-Decembe...Read More
SNAP bounced off a key trendline to end AugustWhen we last checked in with Snap Inc (NYSE:SNAP), the social media stock was preparing for its turn in the earnings confessional. Now, the shares are up 1.6% to trade at $16.06 this morning, after Evercore raised its rating on SNAP to "outperform" from "in-line," while boosting its price target to $20 from $18. The analyst in coverage glowed about th...Read More