AMD and MU have seen unusually heavy options activity in recent weeksThe Nasdaq is outperforming in today's broad-market rally, with chip stocks leading the charge on a U.S.-China trade truce, which includes reducing sanctions on Chinese tech firm Huawei. Two names in particular making notable moves are Advanced Micro Devices, Inc. (NASDAQ:AMD) and Micron Technology, Inc. (NASDAQ:MU), and options...Read More
Alithya Group (ALYA) has an amibitious game plan to grow through acquisition and consolidating a fragmented IT industry. Find out more by watching our video summary of the June 28th INK morning report (distributed to Canadian Insider Club members). INK Research and Canadian Insider are both subscriber-supported. We do not accept payments from issuers or promoters for stock coverage.Your browse...Read More
The firm just announced positive results for its Spinraza treatment todayThe shares of Biogen Inc (NASDAQ:BIIB) are up 0.9% at $236 after the firm said its spinal muscular atrophy treatment Spinraza was well tolerated in patients with the disease, with many seeing "unprecedented" motor milestones. The study also reported that 100% of children who participated were able to sit without assistance an...Read More
The S&P's rolling six-month return briefly exceeded 20% in late JuneThe April-June gains in the S&P 500 Index (SPX) weren't quite as "runaway" as those collected in the first calendar quarter of 2019, but the June snapback in the equities market -- which completely erased May's rout -- was sufficient to deliver a second consecutive positive quarter for stocks. What's more, on the heels of its earl...Read More
The weather in 2019 could be raining on Brunswick's businessThe U.S. has experienced historic levels of rainfall in 2019, and some on Wall Street see this as bad news for the boating business. Brokerage firm RBC this morning downgraded boat producer Brunswick Corporation (NYSE:BC) to "sector perform" from "outperform," and lowered its price target to $47 from $55. The analyst note said that dealer...Read More
The easing of U.S.-China trade tensions are also fueling upside todayIt was a big weekend for Applied Materials, Inc. (NASDAQ:AMAT). First, the semiconductor name got a boost from the U.S.-China trade truce --more specifically -- the easing of U.S. restrictions on Chinese tech giant Huawei. Then, Applied Materials inked a deal to buy Japanese chipmaker Kokusai Electric for $2.2 billion. The deal b...Read More
WYNN has been recovering from its early June lowsCasino giant Wynn Resorts, Limited (NASDAQ:WYNN) is moving higheralongside its sector peers this morning, seeing a lift after Chinese territory Macau reported a 5.9% year-over-year rise in gambling revenue for the month of June, more than analysts were expecting. WYNN was last seen up 5% in electronic trading, as traders brush off a price-target cu...Read More
The U.S. and China struck a positive tone on trade after G-20 talks between Trump and XiA warm reception to this weekend's trade talks between U.S. President Donald Trump and China's President Xi Jinping on the sidelines of the G-20 meeting has Dow futures surging more than 200 points above fair value. The two nations decided they would hold off on imposing new tariffs in favor of moving forward w...Read More
Goldman Sachs cut its rating on ZM to "sell"Goldman Sachs downgraded Zoom Video Communications Inc (NASDAQ:ZM) to "sell" from "neutral," with analyst Heather Bellini saying the video conferencing's long-term potential is already priced in. However, given ZM stock's impressive run since its mid-April trading debut, the brokerage firm upped its price target to $66 from $53 -- still a major discount...Read More
The equities market was primed for a positive shock to the system after the G-20 meeting "The breakdown in Sino-U.S. talks and the latest targeting of Chinese companies by the White House has economists at investment banks increasingly pessimistic about the long-term outlook. Goldman Sachs Group Inc., Nomura Holdings Inc., and JPMorgan Chase and Co. are among those pricing-in a greater chance of a...Read More
TORONTO, June 28, Jun 28, 2019 (GLOBE NEWSWIRE via COMTEX) -- NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED...Read full newsRead More
Section 232 of the Trade Expansion Act of 1962 or commonly referred to as "s232" has been under investigation over the past 18 months. The DOC provided its recommendation to the White House in April of this year and a final decision will be made by President Trump by July 13, 2019.To give some background, in January 2018, a Section 232 Petition was filed by Energy Fuels and Ur Energy. The two US-b...Read More
* GRAPHIC-2019 asset returns:* Discount for cash against 3-month aluminium narrows (Updates with official prices, U.S. data and nickel)By Pratima DesaiLONDON, July 1 (Reuters) - Copper prices hit six-week highson Monday as sentiment turned positive after the United Statesand China agreed a trade truce, but weak manufacturing datareinforced expectations of slowing economic activity and demand.Bench...Read More
"@discovermahony $17.50 for a grilled chicken salad tonight at UBC not impressed at the price after being out of Thai curry ... won't go back to your chain with these prices!"Read full newsRead More
"@discovermahony $17.50 for a grilled chicken salad tonight at UBC not impressed at the price after being out of Thai curry ... won't go back to your chain with these prices!"Read full newsRead More
SSR Mining (TSX: SSRM; NASDAQ: SSRM) is acquiring from Newmont Goldcorp (TSX: NGT; NYSE: NEM) and Fairmile Gold Mining two past-producing operations to the south of its Marigold mine in Nevada for US$22 million and a 0.5% net smelter return royalty to Newmont on each of the properties.The 89-sq.-km land package includes the Trenton Canyon property immediately to the south and along trend from Mari...Read More
Global billet prices were subject to opposing trends in different regions in the week to Friday June 28; material from the Commonwealth of Independent States (CIS) appeared to have hit a price floor, while Chinese prices increased and the import markets in Turkey, Southeast Asia and Egypt remained weak.Prices in China were boosted by steel production cuts, and a rebound in scrap prices in Turkey a...Read More
Global billet prices were subject to opposing trends in different regions in the week to Friday June 28; material from the Commonwealth of Independent States (CIS) appeared to have hit a price floor, while Chinese prices increased and the import markets in Turkey, Southeast Asia and Egypt remained weak.Prices in China were boosted by steel production cuts, and a rebound in scrap prices in Turkey a...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 28 that are worth another look.Nyrstar has confirmed that its lead smelter at Port Pirie, Australia, will resume operations in the second week of July, extending its previous estimates of a late-June restart, Fastmarkets learned on Friday June 28. ERG partially restarted production of cobalt metal at Chambishi in Z...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 28 that are worth another look.Nyrstar has confirmed that its lead smelter at Port Pirie, Australia, will resume operations in the second week of July, extending its previous estimates of a late-June restart, Fastmarkets learned on Friday June 28. ERG partially restarted production of cobalt metal at Chambishi in Z...Read More