SVB Leerink thinks the penny stock could tripleThe shares of Axovant Gene Therapies Ltd (NASDAQ:AXGT) are soaring today, thanks to some upbeat analyst attention. Specifically, SVB Leerink initiated coverage of AXGT stock with an "outperform" rating and $18 price target -- more than three times yesterday's close of $5.79. The analyst called the shares "undervalued," partly due to "market fixation o...Read More
CROX could notch its best day in monthsAfter a strong rise up the charts in 2018, Crocs Inc (NASDAQ:CROX) has fallen off a cliff in 2019. More specifically, the shares initially rallied post-earnings in mid-May, rising to around the $31 mark, but it was all downhill from there, diving to the $24 range in the very next session, before hitting fresh lows of $17.53 yesterday. The shares of the footwe...Read More
The Dow stock has closed higher in the last six sessionsAtlantic Equities downgraded Caterpillar Inc. (NYSE:CAT) to "underweight" from "neutral," citing concerns over a potentially slowing global economy. The brokerage firm said it expects "the shares .. to come under the most pressure and lag the average return we see for our overall coverage." Most analysts are already skeptical of Caterpillar,...Read More
GLD has been stuck in a trading range for over six years and the area between $127 to $130 can be considered as the upper bound of this trading range.GLD has attempted to break through resistance many times in the previous years and again in 2019, but so far has been unable to do it.Stimulus from the Fed is not necessarily good for GLD because it helps stocks and deprives GLD from the capital it n...Read More
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The FDA just gave extended approval for Ocular Therapeutix's post-op eye drugThe shares of Ocular Therapeutix Inc (NASDAQ:OCUL) are making a comeback today, after the drugmaker announced that the Food and Drug Administration (FDA) approved the company's DEXTENZAto treat patients with ocular inflammation following eye surgery. The drug already had approval to treat post-surgery pain in patients. Th...Read More
REGN has had a rough go on the charts long termRegeneron Pharmaceuticals Inc (NASDAQ:REGN) is moving lower this morning, last seen down 0.9% at $317.63, even after the drugmaker revealed positive topline results from a Phase 2 study of its IL-33 antibody in asthma, being developed with Sanofi (SNY). Specifically, the antibody met its main goal of improving of asthma control and its secondary endpo...Read More
June 19, 2019 (ACCESSWIRE via COMTEX) -- TORONTO / ACCESSWIRE / June 19, 2019 / Barrick Gold Corporation GOLD(ABX) (Read full newsRead More
Some traders may be showing caution ahead of next week's G-20 meeting The S&P 500 Index (SPX) could be due to pull back today following a run to fresh highs on Thursday. Futures on the Dow Jones Industrial Average (DJI) and Nasdaq-100 Index (NDX) are below fair value, too, with some traders potentially already turning their focus to next week's big G-20 meeting, where President Donald Trump is exp...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, June 21 (Reuters) - Zinc hit its lowest since earlyJanuary and other industrial metals also fell on Friday asinvestors assessed risks ahead of next week's G20 meeting andrising U.S.-Iran tensions.Base metals had rallied the previous session after the U.S.central bank signalled rate cuts, while U.S. President DonaldTru...Read More
This gold mining ETF has hit a new 52-week high. Are more gains in store for this ETF?Read full newsRead More
June 19, 2019 (ACCESSWIRE via COMTEX) -- TORONTO / ACCESSWIRE / June 19, 2019 / Barrick Gold Corporation GOLD(ABX) (Read full newsRead More
In my June 20th interview with Jim Goddard from HoweStreet.com, I reviewed two buy signals we have put out this month in the resource area, specifically on the gold group in our June 3rd market report and, more recently, on the Basic Materials sector last Friday. I also point out that a strong Canadian dollar was good for junior miners who raise money in Canada for gold exploration offshore becau...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The S&P 500 closed at a record high Thursday, rebounding from a mid-day dip after President Trump hinted at a military strike against Iran in response to the shooting down of a U.S. drone over international waters. Oracle (ORCL - Get Report) rose after the enterprise software company topped analysts' earnings and...Read More
Nickel's three-month price on the London Metal Exchange was higher at the close of trading on Thursday June 20, settling at its highest level since May 24, while the rest of the complex was buoyed by dollar weakness and strong figures from the United States labor market. The metal's three-month price reached an intraday high of $12,390 per tonne, closing at $12,300 per tonne while total volumes tr...Read More
The International Lead and Zinc Study Group (ILZSG) has indicated a slight uptick in global production for both zinc and lead across January-April of 2019, while global zinc demand remains in question against a 1.3% fall in global usage.Across January-April of this year, lead mine production climbed up by 0.7% to 1,544,000 tonnes from 1,534,000 tonnes over the same period in 2018. Refined lead met...Read More
Key data from the June 20 pricing session in London and Shanghai.Fastmarkets' benchmark daily fob Australia alumina index declined to $332.38 per tonne - a fresh low since August 24, 2017 - on Thursday June 20 from $338.71 per tonne on the previous day. Key drivers:The market remains under pressure due to the presence of several unplaced cargoes in the market for July and September. Buyers ar...Read More
AMG Vanadium has selected a new Ohio location for its second spent catalyst processing facility as part of its planned expansion to roughly double its annual ferro-vanadium and ferro-nickel-molybdenum production. With the new facility, AMG Vanadium - a subsidiary of Amsterdam-based AMG Advanced Metallurgical Group - will expand its overall spent catalyst recycling capacity by 35,000 tonnes and its...Read More
Key data from the June 20 pricing session in London and Shanghai.Fastmarkets' benchmark daily fob Australia alumina index declined to $332.38 per tonne - a fresh low since August 24, 2017 - on Thursday June 20 from $338.71 per tonne on the previous day. Key drivers:The market remains under pressure due to the presence of several unplaced cargoes in the market for July and September. Buyers ar...Read More
Metals trader Trafigura has refuted claims from Iceberg Research, the analytics outfit that launched an explosive campaign against Noble Group, that it has overvalued "hundreds of millions [of dollars] in debt securities issued by an associate."Iceberg's claims - made in a report published on Wednesday June 19 - center on Trafigura's valuation of debt securities linked to its Porto Sudeste asset,...Read More