Gold futures settled slightly higher Monday as a key midweek policy decision by the Federal Reserve loomed. August gold on Comex GCQ19, -0.01% added $1.10, or 0.1%, to end $1,420.40 an ounce, after the metal shed 0.5% last week based on the settlement for the most-active. It was the metal's first weekly loss in the past three weeks. Meanwhile, September silver SIU19, -0.17% gained 4.3 cents, or...Read More
The European Respiratory Society accepted Pieris' asthma presentationDrugmaker Pieris Pharmaceuticals Inc (NASDAQ:PIRS) is enjoying a huge surge today, after the European Respiratory Society (ERS) accepted the firm's early-stage study of its asthma treatment PRS-060. The company will present to the ERS' International Congress on Oct. 1. PIRS is now eyeing its best day in over two years -- up 24%...Read More
OKTA nabbed a record high earlier today before pulling backEarlier today, Okta Inc (NASDAQ:OKTA) nabbed a fresh record high of $141.85. However, the stock has since pivoted lower, at last check down 6.1% to trade at $132.18, on track for its worst day since March 4. There's reason to believe investors shouldn't fret much about the software stock's sudden downturn though, if history is any guide....Read More
Plus, 24 more stocks that rallied after a Fed rate cutApple Inc. (NASDAQ:AAPL) shares are higher today, in territory not charted since their May highs, as traders gear up for the iPhone maker's highly anticipated earnings report, slated for release after the close tomorrow. What's more, AAPL stock should be on your radar for two more reasons this week:it was one of the best stocks to own after the...Read More
Commander Resources Ltd. (TSXV:CMD) (Read full newsRead More
August is typically an excellent month for NVDANvidia Corporation (NASDAQ:NVDA) is trying to break out, recently taking out its 200-day moving average and now could be set to test the $180-$190 region that's home to the shares' April highs and a bear gap from last November. Just going by seasonal data, it may be wise to think NVDA stock could keep pushing higher in the short term. For instance, th...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce that it has received an initial purchase order of $130,000 through a leading Saudi Arabian cellular operator to equip a fleet of emergency response vehicles for a single end-use customer with its UV350, an LTE all-in-one in-vehicle smartphone.Saudi Arabia is the Gulf Cooperation...Read More
U.S.-China trade talks are set to resume tomorrowThe Dow Jones Industrial Average (DJI) is modestly higher at midday, as Wall Street gears up for Wednesday's Fed decision and another week of corporate earnings. While the blue-chip index clings to gains, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are firmly in the red, pulling back from Friday's record highs as tech stocks take a hit. A...Read More
Evercore ISI upgraded NXP Semiconductors to "outperform" from "in line"Dutch tech name NXP Semiconductors N.V. (NASDAQ:NXPI) is getting a boost today, after Evercore ISI upgraded the stock to "outperform" from "in line," and raised its price target to $125 from $110. Evercore's bull note touched on the firm's second-quarter earnings, which are slated for release after the close tonight, with the...Read More
The September 30 call has seen a notable increase in open interestAthletic apparel retailer Under Armour Inc (NYSE:UAA) is trading slightly lower today at $27.12, as options traders gear up for the company's upcoming second-quarter earnings report. Set to debut before the open tomorrow, Tuesday, July 30, the report comes on the heels of UAA's recent multi-month climb up the charts. The retail stoc...Read More
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