The short seller warns against trying to "catch a falling knife"The shares of FleetCor Technologies, Inc. (NYSE:FLT) are lower today, after short seller Citron Research weighed in on the company. While this isn't the first time Citron has taken aim at FLT -- it called the fuel card provider a "predatory company" in April 2017 -- today's note has fueled crazy options volume on the shares.More speci...Read More
"Joining the Ranks of Female Leaders in the #Cannabis Sector, Ester Vigil Appointed 1933 Industries (@1933Industries) (#CSE: $TGIF | #OTCQX: $TGIFF) President [https://t.co/Az9v9QhRBn]#investing #stocks #stockmarket #trading #investors #cannabisnews #capitalmarkets #potstocks"Read full newsRead More
"Weekend Unlimited's (@WeekndUnlimited) (#CSE: $POT | #OTCQB: $WKULF) Flagship WKND! Branded Products Begin Production [https://t.co/It92phkc5h]#investing #stocks #stockmarket #trading #investors #cannabisnews #capitalmarkets #cannabis #pot #potstocks #marijuanastocks"Read full newsRead More
"Monterey Minerals Completes Purchase of 323 square kilometres in the Pilbara region of Western Australia https://t.co/BvFXsbfuLQ"Read full newsRead More
Criminal negligence charges have been laid against mining and construction giant Peter Kiewit Sons in British Columbia for a worksite death in 2009 in Tobla Inlet. The charges are unprecedented in Canada for a major multinational corporation, the CBC reported. Sam Fitzpatrick was 24 when he was crushed to death by a boulder on the Kiewit worksite. Peter Kiewit Sons Co. and two former...Read More
Stifel just started coverage with a "buy" rating Stifel just initiated coverage on the marijuana producer Canopy Growth Corp (NYSE:CGC) this morning, calling the stock a "buy" and starting with a $47.77 price target -- a nearly 20% premium to where the stock's current perch of $40.78. The analyst said Canopy is a leader in the relatively new pot industry, calling the Canadian cannabis concern the...Read More
Shares of RNC Minerals (TSX: RNX) soared by over 22% on Thursday - taking the stock to over C$0.50 for the first time in two months - after another high-grade gold discovery yesterday at its Beta Hunt mine in Western Australia. This is the second discovery of significance at Beta Hunt in the past nine months.Last September, RNC unearthed more than 9,200 ounces of high-grade gold from a single bl...Read More
Shares of RNC Minerals (TSX: RNX) soared by over 22% on Thursday - taking the stock to over C$0.50 for the first time in two months - after another high-grade gold discovery yesterday at its Beta Hunt mine in Western Australia. This is the second discovery of significance at Beta Hunt in the past nine months.Last September, RNC unearthed more than 9,200 ounces of high-grade gold from a single bl...Read More
Chevron and Exxon Mobil are two of the best Dow stocks at middayThe Dow Jones Industrial Average (DJI) appears to be headed toward a fourth straight win, up on strength in energy stocks Chevron (CVX) and Exxon Mobil (XOM). While the big-cap index trades near its session highs, the S&P 500 Index (SPX) has pared a portion of its earlier gains and the Nasdaq Composite (IXIC) is struggling to stay in...Read More
Goldman took differing views on UAL and SAVEAnalysts at Goldman Sachs weighed in with opposing views on airline names United Continental Holdings Inc (NASDAQ:UAL) and Spirit Airlines Incorporated (NYSE:SAVE). Let's take a look at how shares of UAL and SAVE are trading in response. UAL was upgraded to "buy" from "neutral" at the brokerage firm, while the analyst maintained its $108 price target. Th...Read More
Solgold's (LON, TSX: SOLG) stock took another hit on Thursday, the day after submissions for a public hearing were heard in Ecuadorean Constitutional Court regarding the proposed referendum on mining in the provinces where the Australian miner's 85% owned Cascabel project and other wholly owned exploration projects are located. Solgold holds 72 mineral concessions in Ecuador through four...Read More
Solgold's (LON, TSX: SOLG) stock took another hit on Thursday, the day after submissions for a public hearing were heard in Ecuadorean Constitutional Court regarding the proposed referendum on mining in the provinces where the Australian miner's 85% owned Cascabel project and other wholly owned exploration projects are located. Solgold holds 72 mineral concessions in Ecuador through four...Read More
The retailer lowered its full-year forecast on tariff headwindsAt Home Group Inc (NYSE:HOME) stock is getting slaughtered today, down 47.2% to trade at $9.25 -- marking its first trip into single-digit territory since it began trading publicly in August 2016. The bear gap comes after the home decor retailer reported an adjusted first-quarter earnings miss of 21 cents per share, while same-store sa...Read More
Russian aluminium producer Rusal does not plan to implement any projects in Venezuela, its spokeswoman said on Thursday.Russia's RIA news agency earlier on Thursday cited Venezuelan vice president Tareck El Aissami as saying Rusal was discussing a possible strategic partnership with Venezuela's Corporaci??n Venezolana de Guayana.(By Anastasia Lyrchikova and Maria Kiselyova; Editing by Christian Lo...Read More
QRVO is fresh off its worst month in over two yearsWhile Morgan Stanley dished out an upgrade to Advanced Micro Devices (AMD),Barclays doled out bear notes to its sector peers, downgrading Apple supplier Qorvo Inc (NASDAQ:QRVO) to "equal-weight" from "overweight" and trimming its price target to $60 from $70. The analyst in coverage warned of further trade war escalation, and a potentialresponse o...Read More
If push comes to shove, one of the world's largest gold miners is prepared to do an end run around the U.S. should President Donald Trump's threatened tariffs on Mexican goods bite.Agnico Eagle Mines Ltd. currently produces about 300,000 ounces of gold in Mexico that it refines in the U.S., all of which would likely be subject to the proposed tariffs, Chief Executive Officer Sean Boyd said Wednesd...Read More
If push comes to shove, one of the world's largest gold miners is prepared to do an end run around the U.S. should President Donald Trump's threatened tariffs on Mexican goods bite.Agnico Eagle Mines Ltd. currently produces about 300,000 ounces of gold in Mexico that it refines in the U.S., all of which would likely be subject to the proposed tariffs, Chief Executive Officer Sean Boyd said Wednesd...Read More
The company reported a decline in comparable sales and a revenue miss for its first quarter First quarter results from craft retailer Michaels Companies Inc (NASDAQ:MIK) has sparked some serious selling this morning. The firm reported a 2.9% decline in same-store sales for the period, and revenue that came in lower than analyst expectations. The company also predicted a potential 1.5% drop in comp...Read More
AMD has been making headlines this week with partnership newsTech giant Advanced Micro Devices, Inc. (NASDAQ:AMD) is back in headlines this morning, still receiving praise from its Monday announcement that it has partnered up with Samsung Electronics. Morgan Stanley this morning upgraded AMD to "equal weight" from "underweight," and hiked its price target to $28 from $17. The firm said it expects...Read More
With China threatening to curb exports of rare earth minerals, Lynas Corp is making an aggressive push for fresh business across the globe and billing itself as the best option for its customers to tap diversified supplies of the specialized materials.While Australia-based Lynas cannot match China's rare earths processing capability, it is hoping that its role as the largest rare earths miner and...Read More