NEPT is pacing for its best day in nearly a yearPenny stock Neptune Wellness Solutions Inc (NASDAQ:NEPT) is near the top of the Nasdaq today, after the nutrition concern inked a three-year extraction deal with cannabis concern Tilray (TLRY). The company's first shipment of biomass is expected in September. At last check, NEPT stock was up 20.2% at $4.77, and options traders are betting on a short-...Read More
BlueRock Diamonds (LON: BRD) shares were up 15% on the London Stock Exchange Friday after the miner announced it had recovered its largest diamond to date, a 24.9 carat gem quality stone. BlueRock owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa. The miner's largest diamond prior was 16.28 carats, which sold for $78,947. "This record recovery of su...Read More
BlueRock Diamonds (LON: BRD) shares were up 15% on the London Stock Exchange Friday after the miner announced it had recovered its largest diamond to date, a 24.9 carat gem quality stone. BlueRock owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa. The miner's largest diamond prior was 16.28 carats, which sold for $78,947. "This record recovery of su...Read More
BlueRock Diamonds (LON: BRD) shares were up 15% on the London Stock Exchange Friday after the miner announced it had recovered its largest diamond to date, a 24.9 carat gem quality stone. BlueRock owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa. The miner's largest diamond prior was 16.28 carats, which sold for $78,947. "This record recovery of su...Read More
Analysts have not been a fans of HPQ Tech specialist HP Inc (NYSE:HPQ) is moving cautiously higher this afternoon, last seen up 0.8% at $19.83. The shares are eyeing their fourth straight positive close, but are nearing a historically bearish ceiling. HP stock also remains 15% lower year-over-year, signaling that now may be a good time for bears to get betting. Specifically, the security has move...Read More
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"If you've decided to invest in gold for retirement, you'll want to do your research. Here are three ways to get started. https://t.co/xvUmKVwrm6 #gold #investing #retirement"Read full newsRead More
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Gold surged sharply over this past week or so, nearing a major bull-market breakout! Nearly everyone was surprised by this violent awakening, which erupted suddenly as gold languished around year-to-date lows. If this dramatic rally has staying power, gold has good odds of achieving decisive new bull-market highs. That would change everything psychologically, ushering gold and its miners' st...Read More
In my June 6th interview with Jim Goddard, I touch on some key themes we have covered in our recent reports including our market report's observation that Canadian stocks are winning the trade war if we take the December 1st China takedown weekend as the starting point of the conflict.Canadian midcaps have been outperforming US midcaps since December 3rdThe question is why? With Justin's Trudeau'...Read More
Meanwhile, CAT shares seemed to have burned call sellersTech stocks Apple Inc. (NASDAQ:AAPL) and Microsoft Corporation (NASDAQ:MSFT) are the top Dow performers at midday, as the sector tries to recover from recent weakness. In fact, the latter has rallied to fresh record highs. In response, weekly options are seeing heavy trading. Starting with AAPL, the weekly 6/7 series is seeing a ton of attent...Read More
The world's biggest miner, BHP (NYSE: BHP), published risk assessment results on Friday that revealed five of its tailings dams that would be at "extreme risk" of damage to local environments and harm to nearby residents if they failed, the Financial Times reported. The Australian miner released risk assessment results in response to pressure from a group of investors that requested inform...Read More
Weak jobs data has fueled expectations the Fed will ease borrowing costsThis morning's dismal jobs data has ramped up expectations the Fed will lower interest rates, with CME Group now estimating a 25.8% chance of a rate cut at the central bank's June meeting, compared to a 10% probability one month ago. As such, traders are flocking to riskier assets, with the Dow Jones Industrial Average (DJI) p...Read More
Central banks bought more gold in April, according to a report by the World Gold Council.Globally, central bank net purchases of the yellow metal totaled 43 tons. That is an 8% increase month-on-month.The World Gold Council noted that 2018 marked the highest level of annual net central bank gold purchases since the suspension of dollar convertibility into gold in 1971, and the second highest annua...Read More
Options traders will be monitoring the two names, as wellTwo stocks to watch today are marketing software specialist HubSpot Inc (NYSE:HUBS) and current Wall Street darling Beyond Meat Inc (NASDAQ:BYND). For HUBS shares, it's a new "buy" rating at Goldman Sachs that has them trading up 3.9% at $175.58. The brokerage firm also set a monster $223 price target, representing upside of nearly 32% from...Read More
CRISPR and Vertex are expanding their gene therapy collaborationThe shares of CRISPR Therapeutics AG (NASDAQ:CRSP) are up 13.2% to trade at $42.18 this morning, after the drugmaker announced an expanded gene therapy collaboration with Vertex Pharmaceuticals (VRTX). CRISPR could receive up to a total of $1 billion in payments if the gene editing programs' milestones are achieved. CRISPR stock is...Read More
The cloud concern beat both top- and bottom-line estimates in the first quarterZoom Video Communications Inc (NASDAQ:ZM) stock has shot up 19.4% to trade at $94.82, and earlier nabbed a record high of $98.89, after the remote conferencing services specialist took its first turn in the earnings confessional as a publicly traded company. For the first quarter, ZM recorded a surprise profit of 3 cent...Read More
MUMBAI/BENGALURU - Gold prices in India flipped into discounts this week as a rally in local prices dampened demand, while premiums in other major Asian hubs declined as a price surge prompted investors to sell back bullion.Global benchmark spot gold was headed for its best week this year, supported by expectations of an interest rate cut by the Federal Reserve and heightened global trade tensions...Read More
CHAPEL HILL, N.C. - Gold's rally is built on a shaky sentiment foundation. That means, at least from the perspective of contrarian analysis, that it's unlikely that the rally is the beginning of a major new leg up. To be sure, the rally in goldGC00, -0.08% has certainly been impressive. Since its early-May low bullion GLD, +0.56% has climbed nearly 6%, bringing it nearly back to the level it reac...Read More