The Trump administration is removing certain items from the tariff listThe Dow Jones Industrial Average (DJI) is headed for a massive rebound, up more than 400 points and eyeing its biggest surge in two months. The major turnaround comes after the United States Trade Representative said 10% tariffs against certain Chinese goods -- including several electronics and clothing items -- will be put off...Read More
Here is the video summary of the August 13th INK Morning report which looks at soaring Eldorado Gold (ELD) and the risk that it may spring a financing on investors, just as New Gold (NGD) recently did.INK Research and Canadian Insider are both subscriber-supported. We do not accept payments from issuers or promoters for stock coverage. This video first appeared on INKResearch.com.Script:Eldorado...Read More
The company's recent earnings reports have not been kind to the stockThe shares of Nvidia Corporation (NASDAQ:NVDA) are down 0.8% to trade at $150.19 this morning, after RBC cut its price target on the chip name to $190 from $200. The bear note comes as Nvidia prepares for its turn in the earnings confessional, set for after the close on Thursday, Aug. 15. Looking at Nvidia's earnings history,...Read More
The firm's stomach cancer treatment met its main goal in a late-stage studyThe shares of biotech name Deciphera Pharmaceuticals Inc (NASDAQ:DCPH) have more than doubled this morning after the durgmaker announced that its lead treatment, ripretinib, met its main goal during a late-stage study in patients with stomach cancer. The stock has shot up 100% at $39.95, trading right back near its June 20...Read More
Call options on AAP have been popularAdvance Auto Parts, Inc. (NYSE:AAP) is trading down 7.9% this morning at $130.95, after the company reported adjusted earnings per share of $2, falling short of analysts' estimates of $2.21, while it also lowered the upper end of its full-year forecast. This earnings pullback would seem to be bad news for a number of options traders, who had been targeting call...Read More
Option premiums look attractive on the stockCruise line Carnival Corp (NYSE:CCL) has been wildly underperforming on the charts. The stock has shed 22% over the past 12 months, and is continuing to see pressure from its historically bearish declining 40-day moving average. With a large block of puts expiring this week at the underfoot 45 strike, removing a potential layer of options-related support...Read More
The latest inflation data is also on Wall Street's radar Dow Jones Industrial Average (DJI) futures are pointed sharply lower this morning, with the blue-chip index set to build on yesterday's geopolitical-inspired sell-off. Investors are nervously eyeing a narrowing of the 2-year and 10-year Treasury yield spread, as rare occurrences of a yield curve inversion have previously preceded recessions....Read More
The stock plunged 9.6% yesterday after the country's election resultsJ.P. Morgan Securities upgraded Mercado Libre, Inc. (NASDAQ:MELI) to "overweight" from "neutral," and lifted its price target to $750 from $563 -- a 20% premium to last night's close at $623.65 -- saying the Argentinian online auction name has shown strength in an underpenetrated e-commerce area. The brokerage firm also cited an...Read More
Calling out some key levels in play amid the buck's breakout"As your President, one would think that I would be thrilled with our very strong dollar," posted the @realDonaldTrump Twitter account this past Thursday, Aug. 8. "I am not!" President Trump's Twitter went on to take the Federal Reserve to task for its "high interest rate level," "keeping the dollar high," and generally "call[ing] it wron...Read More
A bullish reversal.Reason one: Central bank policy and buying.Reason two: Currency devaluation around the world.Reason three: The long-term chart.Reason four: Uncertainty - UGLD on dips in a bull market will turbocharge returns.My introduction to working in the commodities market came during the summer of 1977, when I worked delivering telex messages at the leading raw materials trading company in...Read More
In this week's newsletter, we add Argentina to the list of things for investors to worry about. Will crude oil give us the signal to exhale? Also, our broadcast of the week looks at insider buying in the oil patch and our insider of the week reminds us that financing risk is a live and well for gold stocks in these early days of the bullion bull market. Click here to read the latest edition of In...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed down nearly 400 points Monday as fears of a global recession from the U.S.-China trade war weighed on Wall Street and falling bond yields and unrest in Hong Kong dented sentiment. Viacom (VIAB - Get Report) shares declined following reports the media giant was close to a merger agreement...Read More
The Monday Market Minute Global stocks slide as trade concerns, Hong Kong protests sap sentiment and Goldman cautions that no U.S.-China deal is likely before the 2020 elections.Hong Kong protests enter their 10th week, with the city's International airport, one of the world's busiest, closed by officials after violent clashes between police and demonstrators. Global oil prices slide as mar...Read More
The U.S. stock markets are becoming more unstable, fueling mounting anxiety about what's likely coming. After surging to new all-time-record highs in late July, stocks plunged in a sharp pullback as the US-China trade war escalated. Stock markets' resiliency in the face of bearish news is partially determined by how companies are faring fundamentally. The big U.S. stocks' just-reported Q2'19 resul...Read More
The U.S. stock markets are becoming more unstable, fueling mounting anxiety about what's likely coming. After surging to new all-time-record highs in late July, stocks plunged in a sharp pullback as the US-China trade war escalated. Stock markets' resiliency in the face of bearish news is partially determined by how companies are faring fundamentally. The big U.S. stocks' just-reported Q2'19 resul...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comAug 13, 2019 Please click here now.Double-click to enlarge this chart. Another glorious day for gold investors is underway. Please click here now. Double-click to enlarge. The only better-looking chart than gold right now is... silver! Years ago, I coined the term “flagification&rdq...Read More
We strongly advise metals investors to read the "Ahead of the herd" site regularly. It is very educational and informative. Readers will find the site loaded wtih facts and information with a sharp insight into the mining industry. Views on the metals are the priority but there are regular in-depth opinions on currencies, interest rates, central banks activities among several topics. Analysis and...Read More
"The company now has 100% ownership of a nickel district with over 280Mt of resource [measured and indicated] in one of the largest mining districts in Brazil, the Carajás district, which has good infrastructure, water, energy and skilled labour," Horizonte chief executive Jeremy Martin said."This generates the potential for Horizonte to develop two mining centres within trucking distance o...Read More