Sonos stock is looking at its highest finish of 2019Electronics stock Sonos Inc (NASDAQ:SONO) is one of the biggest winners on the Street today, thanks to upbeat attention on the brokerage front. Raymond James updated its rating on SONO shares to "strong buy" from "outperform," noting that the security trades near the same levels as GoPro (GPRO) and Arlo Technologies (ARLO), even though the compan...Read More
White Gold Corporation is a newer name in the junior space, and holds the largest property portfolio in the White Gold District of the Yukon, with nearly 1.1 million acres.The company has a strong share structure with a good chunk of float held by Kinross Gold and Agnico Eagle.While the drill bit has had a reasonable amount of success at the company's projects, the technical picture leaves a l...Read More
Aramark is one of the best stocks on the NYSE todayOne of the top stocks on the New York Stock Exchange (NYSE) this morning is Aramark (NYSE:ARMK), up 10.5% to trade at $40.99, on track to snap a five-day losing streak. This comes after activist investor Paul Hilal's Mantle Ridge bought a roughly 10% stake in the food services provider, becoming its top investor. Stifel loves the development, up...Read More
The company is selling its corporate apparel business for $62 million Suit maker Tailored Brands Inc (NYSE:TLRD) announced today that it would be selling its corporate apparel business to a group led by the firm's U.K. executive team, in a $62 million deal. The company said some of these funds would go to debt reduction, and hiked its current-quarter earnings forecast. TLRD stock is up 7.5% at $5....Read More
PCG stock is headed toward levels not seen since late JanuaryPG&E Corporation (NYSE:PCG) stock is down 28% in electronic trading, set to open near levels not seen since late January. The negative premarket price action comes after a federal judge late Friday ruled the California utility firm could retain the sole rights to present its Chapter 11 bankruptcy plan, ending efforts from two major PCG s...Read More
Call traders have taken interest in the stocks, as wellDeckers Outdoor Corp (NYSE:DECK) is one stock that could be in for a strong session today, after Pivotal Research upgraded the shares to "buy" from "hold," saying the recent pullback marks an attractive entry point. DECK stock was testing the $180 a month ago, but then gapped lower, closing Friday at $134.29. The equity does seem to be finding...Read More
The 10-year Treasury yield continues to bounce back Dow Jones Industrial Average (DJI) futures are signaling a strong start to the week, pointing to a 293-point burst out of the gate for the blue-chip index. The 10-year Treasury yield -- which helped fuel a late-week rally on Friday -- continues to bounce back, climbing to 1.61%, at last check. But the big driver this morning is news that the U.S....Read More
The Chinese tech firm posted a second-quarter earnings beatChinese tech name SINA Corp (NASDAQ:SINA) is up 6.8% at $40.20 in electronic trading, after the company announced a second-quarter earnings and revenue beat. This marks the eighth straight earnings beat for the company, according to Thomson Reuters. Some of the quarter's success boost came from Weibo's (WB) live-streaming business, combi...Read More
A historical gold boom has resulted in thousands of abandoned mines spread across the Mojave desert that have grave environmental repercussions.Read full newsRead More
Large gold miners like Newmont Goldcorp aren't the only ones that could benefit from the rising price of gold. JPMorgan says to look at the stocks of small mining companies as well.Read full newsRead More
The surprising truth about S&P returns after previous yield curve inversionsThese past weeks have shown us that the equity markets are extremely vulnerable to headline risk, with interest rates and the trade war moving front and center. This has translated into a volatile market environment where eight of the past 13 trading days have triggered an S&P 500 Index (SPX - 2,888.68) move of plus or min...Read More
Equinox Gold is at an earnings inflection point with commercial production of the Aurizona mine in July likely leading to a positive earnings spike in Q3 2019.The company is materially undervalued relative to peers, with upcoming U.S. listing a catalyst for shares to rerate higher.Equinox is guiding 200-235,000 oz in 2019 production at an all-in sustaining cost of $900-950 per oz, with 450,000 oz...Read More
You won't find 'tizzy' among the 2,500 words in the Dictionary of Economics, but it's a good word to use if you're talking to your grandmother.Read full newsRead More
You won't find 'tizzy' among the 2,500 words in the Dictionary of Economics, but it's a good word to use if you're talking to your grandmother.Read full newsRead More
Premier Gold Mines (TSX: PG) is convinced it can add years to the mine life at its 2,000-tonne-per-day Mercedes gold-silver mine in Mexico's Sonora state."We've got about a four- to five-year mine life based on current reserves, and that was the life when we bought it in 2016, so we've been successful in replacing reserves every year," the company's president and CEO, Ewan Downie, tells The Northe...Read More
Here are five Fastmarkets MB stories you might have missed on Friday August 16 that are worth another look.An oversupply that has been branded the leading cause of the persistent price weakness seen in China's vanadium market during the first half of 2019 will likely continue to act as a headwind for the rest of the year, market sources told Fastmarkets.Chinese domestic battery-grade lithium...Read More
WMS has 25 years' experience supporting the Australian underground coal industry and is renowned for the supply and installation of cavity fill and strata consolidation phenolic foams, polyurethane chemicals and ventilation control devices.WMS is the Australian and New Zealand exclusive distributor of Weber Mining products including Rocsil, Fenoflex and Marithan products. It played a role in...Read More
Prices in most of the global markets for steel billet went unchanged in the week ended Friday August 16, partly because of a lull for an Islamic holiday, while weak demand for billet in China reduced the prices for the semi-finished material in that region.Most market participants in the Middle East and North Africa, as well as in Southeast Asia, were out of the market for several days for the Eid...Read More
Turkey's military pension fund, OYAK, has reached a provisional agreement to buy steelmaker British Steel, OYAK said on Friday August 16. OYAK is the biggest shareholder of Turkey's largest steel producer, Erdemir Group, and this agreement is a step toward in its goal to become a regional leader in steel sector, OYAK said. British Steel entered into compulsory liquidation in May 2019 and rece...Read More
The Eurasian Economic Commission (EEC) will impose a quota for hot-rolled flat steel imports to members of the Eurasian Economic Union (EEU) for one year starting from December 1, 2019.The EEU countries are Russia, Belarus, Armenia, Kazakhstan and Kyrgyzstan. The total quota for the EEU bloc will be 1.33 million tonnes, the EEC announced last week.Volumes exceeding the quota will be a subject to a...Read More