Lam Research reports earnings this weekLam Research Corporation (NASDAQ:LRCX) is trading 0.7% higher at $196.10, after brokerage firm B. Riley upgraded its stance to "buy" from "neutral," while lifting its price target to $235 from $170. The analyst note said an in-line quarter can be expected when the semiconductor equipment and services producer reports earnings after the close this Wednesday, A...Read More
Rising oil prices are also likely boosting HALOil service stock Halliburton Company (NYSE:HAL) is up 1.9% at $31.73 this morning, moving higher on the back of a first-quarter earnings beat. CEO Jeff Miller also opined that "the worst in the pricing deterioration is now behind us." In addition, HAL stock is likely getting a tailwind from rising crude oil prices.On the charts, HAL has struggled to b...Read More
The shares have pulled back sharply from their mid-April record highThe shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) are down 6.6% to trade at $493.04, after the da Vinci Surgical System maker reported first-quarter adjusted profit of $2.61 per share, which was below the consensus estimate of $2.70 per share. And while the company's quarterly revenue of $974 million came in above expectations,...Read More
The retail stock has had a volatile yearThe shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) are down 0.6% to trade at $17.31 this morning, after the company announced co-founders Warren Eisenberg and Leonard Feinstein will retire from the board, while five new independent directors to its C-suite. A business transformation and strategy review committee will be formed too, after receiving pressu...Read More
China's green light to build more coal-fired power plants probably won't usher in a flurry of new construction as most policies and investments in the top energy user will tilt toward renewable sources.More than 10 regions will be freed of their overcapacity tag in 2022, clearing a hurdle for them to resume building coal-fired plants. But many of the nation's largest power companies are under a st...Read More
Russia's Alrosa, the world's top diamond producer by output, is extending the life of its Aikhal mine to 2044 by digging deeper into the ground, in a project estimated to cost about RUB 10 billion ($16m).The 300 metres underground extension, the company said, will add almost 20 million carats to the raw material base of the Aikhal mining and processing division, allowing it to keep annual outpu...Read More
May-dated crude is trading more than 2% higher this morningDow Jones Industrial Average (DJI) futures are signaling a lower start, under pressure from Boeing (BA). The blue-chip stock is off 1.2% in electronic trading, after a New York Times article over the weekend suggested "shoddy production" at a factory that makes BA's 787 Dreamliner. Futures on the S&P 500 Index (SPX) are pointed lower, too,...Read More
Concord Resources Ltd.'s profit doubled last year as the metals trading startup benefited from the turmoil in aluminum and alumina markets following sanctions on Russian producer United Co. Rusal. "It was a year of exceptional opportunities," Chief Executive Officer Mark Hansen said in an interview in London. "The sanctions on Rusal created disruptions across the aluminum and alumina supply chain...Read More
You can never totally rule out a correction, so here's how to hedge a risk-on portfolio"History suggests that a run through 2,900 and back to the September intraday high of 2,940 is imminent. Since 1950, in the 11 instances in which the SPX experienced at least a 20% decline from intraday high to intraday low, as it did in the fourth quarter, and then rallied back to within 2% of its intraday high...Read More
With most of the US and European markets closed due to Easter Monday bank holiday, the currency markets are expected to be quiet. Economic data is sparse with only the release of the US new home sales report later in the day. The quiet start to the week comes ahead of some key economic releases and central bank meetings due over the course of the week. Euro Currency Turns Bearish Again The...Read More
Japan's mining and energy conglomerate JXTG Holdings Inc., the majority owner of Chile's Caserones copper mine, is said to be studying the sale of the operation, in a deal that could fetch about $1 billion.According to The Wall Street Journal, the urge for offload the asset comes amid expectations of rising copper prices, driven in part by a lack of investment in new mines and soaring demand for...Read More
Japan's mining and energy conglomerate JXTG Holdings Inc., the majority owner of Chile's Caserones copper mine, is said to be studying the sale of the operation, in a deal that could fetch about $1 billion.According to The Wall Street Journal, the urge for offload the asset comes amid expectations of rising copper prices, driven in part by a lack of investment in new mines and soaring demand for...Read More
Japan's mining and energy conglomerate JXTG Holdings Inc., the majority owner of Chile's Caserones copper mine, is said to be studying the sale of the operation, in a deal that could fetch about $1 billion.According to The Wall Street Journal, the urge for offload the asset comes amid expectations of rising copper prices, driven in part by a lack of investment in new mines and soaring demand for...Read More
The Minerals Council of Australia or MCA issued a communiqu?(C) calling on the Scott Morrison administration to repeal a current ban on nuclear power.The release followed Morrison's comments last week on a Tasmanian radio station, where the prime minister said he would be okay with receiving proposals from the nuclear energy industry.However, following a negative reaction from the opposition, the...Read More
The Minerals Council of Australia or MCA issued a communiqu?(C) calling on the Scott Morrison administration to repeal a current ban on nuclear power.The release followed Morrison's comments last week on a Tasmanian radio station, where the prime minister said he would be okay with receiving proposals from the nuclear energy industry.However, following a negative reaction from the opposition, the...Read More
Toronto-based Pelangio Exploration (PX:TSX-V) announced that its exploration team has started a limited drilling program at the company's Dome West property located in Timmins, Ontario. Dome West, formerly controlled by Central Porcupine Mines, is a 56-hectare land holding that is adjacent to the former Paymaster Mine and separated by some 800 metres from Goldcorp's open-pit Dome Mine.In a press r...Read More
Toronto-based Pelangio Exploration (PX:TSX-V) announced that its exploration team has started a limited drilling program at the company's Dome West property located in Timmins, Ontario. Dome West, formerly controlled by Central Porcupine Mines, is a 56-hectare land holding that is adjacent to the former Paymaster Mine and separated by some 800 metres from Goldcorp's open-pit Dome Mine.In a press r...Read More
Gold falls to $1270 and silver edges below $15.Silver open interest is moving higher - A danger sign.Gold and silver are allergic to higher interest rates.The dollar is sitting near the high - The ratio makes a new high.Silver futures to go with the flow - USLV and DSLV for those who do not venture into the futures arena.Silver and gold hit their respective highs so far in 2019 in mid-February. Ne...Read More
(Recasts)DUBAI, April 22 (Reuters) - Tehran is prepared for a U.S.decision to end waivers granted to buyers of Iranian crude, anIranian oil ministry source said on Monday, as the RevolutionaryGuards repeated their threat to close the strategic Strait ofHormuz, Iranian media reported.The United States will fail to cut Iranian oil exports tozero, the semi-official Tasnim news agency on Monday quoted...Read More
Zinke says his work won't constitute lobbyingRead full newsRead More