ALGN and XLNX shares are trading in the red this morningCorporate earnings keep pouring in, and two names making notable moves lower after quarterly reports are teeth straightening expert Align Technology, Inc. (NASDAQ:ALGN) and programmable chip producer Xilinx, Inc. (NASDAQ:XLNX). Here's the data you need to know for the shares of ALGN and XLNX this morning. Align Technology was hit with at lea...Read More
The blue chip announced earnings and revenue that came in ahead of estimates Industrial technology concern 3M Co (NYSE:MMM) is eyeing its fourth consecutive win today, brought on by impressive second-quarter earnings and revenue. Specifically, 3M announced adjusted quarterly profit of $2.20 per share, beating analysts' consensus $2.05 estimate, and revenue that topped expectations at $8.17 billion...Read More
Southwest Airlines stock has managed to move higher this yearEarnings season continues this morning as traders digest a quarterly beat out of Southwest Airlines Co (NYSE:LUV). Specifically, Southwest managed a slight profit despite the global grounding of the Boeing 737 Max planes, while also dishing out a better-than-expected quarterly earnings. Softening the Boeing blow was the company's strong...Read More
Each asset class performs better than others only for a duration.It is timely to denominate all our financial assets in gold instead of currencies.Many reasons behind gold's ascent since last August are strengthening.Miners enjoy improved profitability because of rising gold prices.Hypothesis: Data processing can transform the complex data set to a format in charts that are easier to view and unde...Read More
Under Armour stock is up 55% this yearThe shares of Under Armour Inc (NYSE:UAA) are up 0.5% to trade at $27.51 today, after Telsey Advisory Group upped its price target on the athletic apparel name to $25 from $22. Now, Under Armour stock is heading toward its third straight win. The shares have carved out a channel of higher highs and lows all year, with recent pullbacks finding support at their...Read More
3M and Facebook both announced impressive quarterly earningsDow Jones Industrial Average (DJI) futures are clinging to slim gains, following yesterday's wild trading -- which included a loss for the Dow and record highs for the Nasdaq and S&P. On the earnings front, Dow component 3M (MMM) unveiled earnings and revenue that topped analysts' estimates, while FAANG name Facebook (FB) also announced w...Read More
The brokerage firm targeted 20% upside for the video game stockBofA-Merrill Lynch upgraded Activision Blizzard, Inc. (NASDAQ:ATVI) stock to "buy" from "neutral," and boosted its price target to $56 from $54 -- a nearly 20% premium to last night's close at $46.86. The brokerage firm said ATVI stock is on the "verge of inflection," and noted its bullish outlook is for the "longer-duration investor."...Read More
With five months to go and the markets still hanging around record highs, ETF experts are naming their top picks to help investors position themselves going into year-end.Read full newsRead More
Is Highland Gold Mining Limited (LON:HGM) a good dividend stock? How can we tell? Dividend paying companies with...Read full newsRead More
Gold is threatening to break out out of its lateral trading range again.A rally while the dollar is strong is not ideal for gold's long-term health.Evidence shows that increased fear is the driving force behind gold.For the second time this year we're seeing a market condition in which the gold price is being driven almost exclusively by fear. And while this condition can be quite profitable f...Read More
(Updates with closing prices)By Peter HobsonLONDON, July 25 (Reuters) - Nickel prices dived more than 3%on Thursday, its blistering rally unwinding as a sharp slowdownin euro zone factory activity undermined the outlook for metalsdemand.Benchmark nickel on the London Metal Exchange (LME)ended 3.3% down at $14,075 a tonne.The stainless steel ingredient hit $15,115, its highest in ayear, on July 18...Read More
(Corrects last paragraph to remove reference to company mininggold)July 25 (Reuters) - Canadian miner Teck Resources Ltdon Thursday reported quarterly profitslightly below analyst estimates, hurt by lower copper and zincprices.The ongoing U.S.-China trade war and slowing macroeconomicoutlook have hurt copper prices and other base metal prices,hurting Teck's income.Production at its steelmaking coa...Read More
I have always secretly wanted to work at a precious metals bullion dealer. I love gold GC00, +0.07%. And silver and platinum. I love them philosophically, and I also just like shiny rocks. But if you think about it, trading metals is a really weird business. Say you are bullish on silver and want to speculate on it, thinking it will appreciate in price. You can buy an ETF, yes, or you can buy sil...Read More
In June 2019, the HUI stood at 145 and since then has managed to regain some of its value by rallying to 210 for a gain of 45% in less than 2 months.The European Central Bank will 'talk' rate cuts and possibly implement one when they meet this Thursday, July 25, 2019.Keeping the bigger picture in mind, there is the constant shadow of yet another head fake which will deter some investors.Gold and S...Read More
Base metals prices traded on the London Metal Exchange continued to capitalize on marginal gains made in the morning session on Wednesday July 24, with the pervading macro optimism and a weaker US dollar overshadowing modest turnover.Nickel rebounded 2.6% to close at $14,545 per tonne, retracing some the significant gains made last week when the three-month contract hit a $15,115-per-tonne high on...Read More
While Vedanta cheered over South Africa's recent court ruling against the Zambian government's liquidation of its majority-owned Konkola Copper Mines (KCM), Zambian officials rebuked the decision and denied the enforceability of the foreign ruling that determines the future of the country's largest copper smelting assets. The South Gauteng High Court on Tuesday July 23 granted Vedanta an urgent in...Read More
Ground preparation for a new copper smelter in Indonesia is in progress, with construction expected to begin in 2020, according to Freeport-McMoRan, one of the project's joint venture partners. The smelter is part of a package agreed by Freeport to extend the mining rights of its Indonesian unit PT-FI from 2031 to 2041. Under the terms of the agreement, PT-FI is committed to construct a new smelte...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Nasdaq and the S&P 500 closed at record highs Wednesday, while the Dow Jones Industrial Average fell on weak earnings reports from Caterpillar (CAT - Get Report) and Boeing (BA - Get Report) . Caterpillar declined after the company posted weaker-than-expected earnings and warned that annual profit would...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday July 24 that are worth another look.While Vedanta cheered over South Africa's recent court ruling against the Zambian government's liquidation of its majority-owned Konkola Copper Mines, Zambian officials rebuked the decision and denied the enforceability of the foreign ruling that determines the future of the country's l...Read More
The IPO shares were issued at 35c and last month another $55 million was raised at a price of 40c each. Shares have since hit an all-time high of 58.5c.Read More