Investors have poured $4B into a flat-lining bond play over the last seven weeksAt its intraday high last week -- which also happened to be its opening level on Monday morning, July 15 -- the S&P 500 Index (SPX) was trading just north of 3,017, in the neighborhood of a 10% return from its June 3 closing low (and, as a point of interest, from its March 8 closing low, as well). And by the time the t...Read More
Two brokerage firms doled out price-target hikes ahead of Amazon's earnings reportRetail giant Amazon.com Inc (NASDAQ:AMZN) just unveiled its plans to build two new robotics fulfillment centers in Ohio, one in Akron and one in Rossford, which will create over 2,500 full-time jobs. The FAANG name is getting bullish analyst attention today, too, with a price-target lift from KeyBanc to $2,200 from $...Read More
Disney stock is set to resume its long-term climbWalt Disney Co (NYSE:DIS) is in focus this morning following the release of its highly anticipated "The Lion King" remake, which brought in $531 million globally, and $185 million here at home, making it the largest U.S. July movie opening ever. And while critic reviews came in mixed, the film received an 89% score from audiences on Rotten Tomatoes,...Read More
This is the second upgrade the stock has seen in as many weeksThe shares of Stitch Fix Inc (NASDAQ:SFIX) have swung 3% higher this morning to trade at $27.70, after Stifel upgraded the online personal styling name to "buy" from "hold," saying recent weakness in the retail stock creates an "attractive entry point." The brokerage firm also sees growth opportunity in the U.K., and thinks new features...Read More
The White House will host a chipmaker summit to discuss the Huawei banIt's a big morning for the semiconductor sector, after a Friday report that White House economic adviser Larry Kudlow and Treasury Secretary Steven Mnuchin will meet with tech executives to go over the U.S. ban on sales to China's Huawei Technologies. Perhaps the stock enjoying the news the most is Micron Technology, Inc. (NAS...Read More
The pre-Fed meeting week is packed with earnings reports from big namesWith investors turning a hopeful eye to an earnings-packed week, Dow Jones Industrial Average (DJI) futures are tacking on gains, following Friday's choppy trading session. Specifically, investor focus will be turned towards upcoming quarterly reports from several FAANG stocks, including Amazon (AMZN) -- which just got a price-...Read More
Gold is robust and sometimes anti-fragile making it a great addition to any portfolio especially with an uncertain future.Expanding debt in the corporate and government sector eludes to an uncertain future.Owning tangible gold is the best method for hedging.I have increased my position in gold because I feel uncertainty about the future has increased. Gold has long been a commodity that is robust...Read More
A closer look at the small-cap chart pattern that "screams indecision""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 the SPX effectively went sidewa...Read More
Dell's Women's Entrepreneur Network has recently announced the top cities in the world for female entrepreneurs.Calculations were based on the abilities of each city to operate a fair market, provide equal access to financial capital and enable businesses through technology and a positive culture.We're very pleased to see both Vancouver (no. 11) and Toronto (no. 9) representing Canada as top globa...Read More
TORONTO, July 19, Jul 19, 2019 (GLOBE NEWSWIRE via COMTEX) -- THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN...Read full newsRead More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, July 22 (Reuters) - Nickel prices fell on Monday asspeculators locked in profits by liquidating bullish positionsafter the market surged to levels not supported by currentsupply-demand fundamentals.Other industrial metals prices were also in the red, underpressure from a firmer dollar and uncertainty about globalecono...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 $360,000 through a leading taxi technology distributor to equip taxi cabs in Israel with its innovative 4G/LTE CP250, an all-in-one dash mounted communications device.The CP250 is the first and only LTE, all-in-one fleet communic...Read More
Australia, Canada, Mexico and southern Africa, all key mining markets historically for the Swedish pair, are expected to see robust investment in underground fleet over the next 12 months.Epiroc, the former mining and tunnelling equipment arm of Atlas Copco AB, last week reported a 4% "organic" decline in June quarter orders, compared with the same period in 2018, to SEK10,553 million (US$1.12 bil...Read More
Billet prices in most markets around the world declined after producers lowered their asking prices amid sluggish demand from buyers. But it remains unclear if the rebound in the bellwether Turkish scrap market will provide support for billet prices because Turkish mills were unable to achieve higher prices for sales of billet and rebar. Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix...Read More
Billet prices in most markets around the world declined after producers lowered their asking prices amid sluggish demand from buyers. But it remains unclear if the rebound in the bellwether Turkish scrap market will provide support for billet prices because Turkish mills were unable to achieve higher prices for sales of billet and rebar. Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix...Read More
Here are five Fastmarkets MB stories you might have missed on Friday July 19 that are worth another look.The London Metal Exchange will continue to push forward with relaxing its queue-based rent capping (QBRC) rule, a key area of warehousing reform, to 80 days, sources told Fastmarkets. Fastmarkets understands that there was a warehousing committee meeting on Thursday July 19, during which p...Read More
Here are five Fastmarkets MB stories you might have missed on Friday July 19 that are worth another look.The London Metal Exchange will continue to push forward with relaxing its queue-based rent capping (QBRC) rule, a key area of warehousing reform, to 80 days, sources told Fastmarkets. Fastmarkets understands that there was a warehousing committee meeting on Thursday July 19, during which p...Read More
John Robins is the executive chairman and a director at Fireweed Zinc (TSXV: FWZ), which is advancing its massive zinc-lead project in the Yukon. Robins was the founder, executive chairman and director of Kaminak Gold, which discovered the Coffee gold deposit in the Yukon, and sold the company in 2016 to Goldcorp for $520 million. Robins took time out during a trip to Dawson City to speak with The...Read More
The gold miners' stocks continue to rally on balance, after a major upside breakout extended their strong upleg. That's driving mounting interest in this recently-forsaken sector. With the latest quarterly earnings season underway, traders will soon enjoy big fundamental updates from the gold miners. They are likely to report good Q2 results, with improving operational performances supporting furt...Read More
The gold miners' stocks continue to rally on balance, after a major upside breakout extended their strong upleg. That's driving mounting interest in this recently-forsaken sector. With the latest quarterly earnings season underway, traders will soon enjoy big fundamental updates from the gold miners. They are likely to report good Q2 results, with improving operational performances supporting furt...Read More