EA stock is lower today on a fresh bear noteElectronic Arts Inc. (NASDAQ:EA) breached its 200-day moving average earlier this month, as concerns over the video game maker's "Apex Legends" update sent the shares spiraling 4.6%. EA stock has only extended this slide -- down 2% today at $87.76, after a price-target cut to $96 from $102 at MKM Partners -- and the options market is bracing for even mor...Read More
"REPEAT - Ascot Intersects 320 g/t Gold Over 1.0 Meter at the Big Missouri Deposit; Ongoing Drilling to Focus on Exploration and Discovery https://t.co/B3ARcIzFMH"Read full newsRead More
DISH stock hit an annual high just last weekLast week, the Department of Justice (DoJ) gave its blessing to the Sprint (S)/T-Mobile (TMUS) merger after DISH Network Corp (NASDAQ:DISH) agreed to buy Sprint's prepaid wireless business and some of the telecom's wireless spectrum. However, Barclays doesn't think the deal will create "major upside" for DISH stakeholders, and downgraded the stock to "un...Read More
Kindred Biosciences will report earnings later this weekVeterinary stock Kindred Biosciences Inc (NASDAQ:KIN) is higher today, after the company announced positive results from a pilot study of KIND-016, used to treat atopic dermatitis in dogs. The equity is eyeing its fourth straight win today, up 8.5% at $7.29, and earnings are just around the corner. The stock's surge comes just days after hit...Read More
BUD stock could hit a new high in today's tradingThe shares of Anheuser-Busch Inbev NV (NYSE:BUD) are up 1.4% in electronic trading, set to open a chip-shot away from Thursday's earnings-induced annual high of $102.70. BofA-Merrill Lynch upgraded the brewer to "buy" from "neutral," with the analyst in coverage praising the company's macro environment and reasonable valuation. Today's positive p...Read More
GILD is clinging to a 6% year-to-date leadShares of drugmaker Gilead Sciences, Inc. (NASDAQ:GILD) are up 1.5% in pre-market trading, after the stock received an upgrade to "top pick" from "outperform" out of RBC. The brokerage firm cited new leadership as one reason for its bullish view on GILD stock. Overall, analysts have been extremely optimistic toward the security, with 14 of 19 covering fir...Read More
Investors expect a Fed rate cut on WednesdayWith the Fed meeting right around the corner, Dow Jones Industrial Average (DJI) futures are hovering cautiously atop breakeven. Wall Street is expecting the Fed to cut its benchmark lending rate by 25 basis points this Wednesday, despite recent economic growth and positive unemployment data.However, blue chip Pfizer (PFE) is keeping the Dow's early gain...Read More
This marks the first "sell" rating for PYPL stockPayPal Holdings Inc (NASDAQ:PYPL) shares have gained over 37% in 2019 and hit an all-time high of $121.48 last week before a disappointing earnings update sparked a small bear gap for the payments stock. More specifically, the company issued a downbeat sales outlook for the rest of the year, which is one reason Guggenheim just came in and downgraded...Read More
CBD is one of the most popular trends in the cannabis industry, but will the FDA's disapproval pose a significant problem for the up-and-coming cannabinoid?As it stands now, CBD is showing remarkable strength with a CAGR of 107%, growing to $23.7 billion through 2023. [1] However, as of last week, the FDA is cracking down on CBD companies such as Curaleaf Holdings (CSE: CURA | OTCQX: CURLF) over h...Read More
Look for S&P price action to be "Fed dependent" in the immediate wake of the July 31 policy decision"Do not be surprised if round numbers like SPX 3,000 and Dow Jones 27,000 act as barriers in the short term. For what it's worth, SPX 3,008 is around 20% above the 2018 close, and could act in concert with SPX 3,000 as resistance. There was evidence of this resistance on Wednesday and Thursday, as t...Read More
Gold miner Newcrest Mining Ltd said on Thursday its gold output rose 4.2% in the...Read full newsRead More
Scientists have discovered a pair of white dwarfs that might one day produce a major gravitational wave discovery, according to a new paper.Read full newsRead More
Should investors panic over IWM underperformance?The following is a reprint of the market commentary from the August 2019 edition of The Option Advisor, published on July 26. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.If you've been following the stock market's rebound rally from its early June lows, then it's...Read More
* GRAPHIC-2019 asset returns:* Cash zinc at premium over three-month contract* Focus on U.S. Federal Reserve meeting (Adds closing prices, comment)By Pratima DesaiLONDON, July 29 (Reuters) - Copper prices rose on Mondaybefore planned U.S.-China trade talks and a flood of economicdata, while shrinking profits at Chinese industrial firmshighlighted the headwinds facing demand in the top consumingcou...Read More
Dollar strength is keeping gold stuck in its lateral trading range.Yet, gold's currency component is no longer a seriously limiting factor.Gold's multi-year high suggests the establishment of a new bull market.After a failed breakout attempt, the gold price has fallen back into the holding pattern which was established last month. While it may be frustrating for some investors that gold re...Read More
Global billet prices softened in most markets around the world during the week to Friday July 26 amid sluggish demand for finished steel products.Asian markets were an exception, however, with billet prices going up slightly in Southeast Asia and China as well as in Iran, which mainly supplies material to the Asian region.Southeast Asia, Iran, ChinaAlthough billet prices in Southeast Asia were pre...Read More
Global billet prices softened in most markets around the world during the week to Friday July 26 amid sluggish demand for finished steel products.Asian markets were an exception, however, with billet prices going up slightly in Southeast Asia and China as well as in Iran, which mainly supplies material to the Asian region.Southeast Asia, Iran, ChinaAlthough billet prices in Southeast Asia were pre...Read More
Here are five Fastmarkets MB stories you might have missed on Friday July 26 that are worth another look.A former employee is suing Gerald Metals, Gerald Holdings and the chief executive officer of both companies for alleged fraud, negligent supervision and infliction of emotional distress related to their cobalt activities in the Democratic Republic of Congo, according to court documents filed in...Read More
Here are five Fastmarkets MB stories you might have missed on Friday July 26 that are worth another look.A former employee is suing Gerald Metals, Gerald Holdings and the chief executive officer of both companies for alleged fraud, negligent supervision and infliction of emotional distress related to their cobalt activities in the Democratic Republic of Congo, according to court documents filed in...Read More
Silver has blasted higher in the last couple weeks, far outperforming gold. This is certainly noteworthy, as silver has stunk up the precious-metals joint for years. This deeply-out-of-favor metal may be embarking on a sea-change sentiment shift, finally returning to amplifying gold's upside. Silver is not only radically undervalued relative to gold, but investors are aggressively buying. Silver's...Read More