ROKU is bouncing from a trendline with historically bullish implicationsRoku Inc (NASDAQ:ROKU) pulled back briefly last week following a bearish brokerage note, but bounced from a key technical level. The shares are now approaching the century mark and a recent batch of options bulls are anticipating even more upside for the streaming stock.Taking a quick step back, Roku landed on a list of stoc...Read More
The firm's hemophilia treatment met the main goal of a mid-stage studyThe shares of Catalyst Biosciences Inc (NASDAQ:CBIO) were up in early market trading, after the drugmaker announced its treatment, MarzAA, successfully reduced bleeding episodes in patients with hemophilia during a mid-stage study. However, unlike sector peer Sangamo Therapeutics (SGMO), CBIO stock quickly reversed course to tr...Read More
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...Read full newsRead More
Sangamo Therapeutics' hemophilia drug reported updated positive early-stage resultsTwo biotech names are making a run up the Nasdaq charts this morning. First there's Sangamo Therapeutics Inc (NASDAQ:SGMO), up 10% to trade at $12.53, after the gene therapy specialist reported positive early-stage results for its hemophilia treatment developed with Pfizer (PFE). An analyst at Cowen and Company sai...Read More
AMAT is just below its year-over-year breakeven pointExactly one week after inking a deal with Japanese chipmaker Kokusai Electric, tech stock Applied Materials, Inc. (NASDAQ:AMAT) is suffering a pullback. The catalyst behind this morning's decline looks to be a bear note out D.A. Davidson, specifically a downgrade to "neutral" from "buy" and price-target cut to $45 from $55. The brokerage firm...Read More
Gold's forward progress has slowed and consolidation will continue.Economic and geopolitical fears will continue to support the metal.Expect a slowdown in gold stock rally, but the main trend is still up.The same fear which galvanized investors into buying gold still hangs thick in the air despite the well-received trade-related news on Wall Street. While the U.S. and China have agreed to cont...Read More
Most analysts are already bearish on the stocksJ.P. Morgan Securities upgraded its view on industrial stocks Johnson Controls International PLC (NYSE:JCI) and Lennox International Inc. (NYSE:LII). Let's take a brief look at how the brokerage firm is viewing the shares of JCI and LII. For JCI, the covering analyst Stephen Tusa, more known for his General Electric commentary, raised his rating to "n...Read More
Rosenblatt Securities slapped AAPL with a rare "sell" rating todayRosenblatt Securities downgraded Apple Inc. (NASDAQ:AAPL) to "sell" from "neutral," saying "there is less reward for owning Apple stock," following its recent buyback-related boost. And while it doesn't think the equity is "a short," it does see "fundamental deterioration" in the iPhone maker over the next year. The brokerage firm m...Read More
Apple just got hit with a downgradeDow futures are signaling a lower start this morning, with the index set to extend Friday's drop. A struggling tech sector is weighing on markets, with Apple (AAPL) downgraded to "sell" from "neutral" by Rosenblatt Securities. Traders could also exercise caution ahead of a mid-week speech from Fed Chair Jerome Powell, after last week's impressive jobs report less...Read More
A deep dive into the implications of the S&P's push toward the 3,000 level"It appears that signs of progress on the trade front, or a series of economic reports that suggest trade uncertainty is not weighing on the economy, is what investors are looking for to push the SPX through resistance in the 2,950 area."-- Monday Morning Outlook, July 1, 2019The outcome of the G-20 meeting in Osaka, Japan b...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...Read full newsRead More
Australia's OceanaGold Corp said on Thursday that it had stopped trucking a...Read full newsRead More
* GRAPHIC-2019 asset returns:* Zinc hovering near 6-month low * Copper stocks in LME-approved warehouses fall (Releads, updates with dollar, closing prices)By Pratima DesaiLONDON, July 8 (Reuters) - Copper prices slipped on Mondayas sentiment was dominated by the protracted U.S.-China tradedispute and subsequent damage to global growth and demand, and astronger dollar.Benchmark copper on the Londo...Read More
Gold has jumped to its highest levels in six years.This jump has been led by investors adding to ETF gold holdings and speculative interest.The latest COT report shows a large rise in speculators, which is a contrarian warning sign.With the latest jobs report and tariff easing, there are plenty of headwinds to gold.The one precious metal that is attractive currently is platinum. Gold has had an ex...Read More
The Times said Apple could be preparing to transform India into a major production hub than a top producing market...Read full newsRead More
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Thank you for joining us in a weekly technical look at the mid-cap-oriented INK Canadian Insider (CIN) Index. Last week, the Index added a small 4 point gain for a close of 1121.00. In holding its ground, the INK CIN kept alive its hope of springing free from the 1120 resistance level which has been its captor since May. MACD moved up 0.2 to 0.98. RSI increased 1.48 points to 58.61.Support is no...Read More
Financier Jamie Levy and mine builder Kerry Knoll have kept busy since selling Pine Point Mining and its zinc project in the Northwest Territories last year to Osisko Metals (TSXV: OM) for $35 million.Through their company Generation Mining (CSE: GENM), the pair have just completed an option deal to acquire a 51% interest in Sibanye-Stillwater's (NYSE: SBGL) Marathon platinum group metals (PGM) de...Read More
Cantex said last month it had a 32-man camp in place with three rigs targeting the massive sulphide zone, as it aims to define "a world-class silver-lead-zinc deposit".A helicopter-borne magnetic survey was due to start this month, in addition to other geophysical surveys already completed, to help determine "the exact location of the massive sulphide mineralisation" beneath glacial till between t...Read More