Broad-market headwinds are pressuring CSCO stock todayCisco Systems, Inc. (NASDAQ:CSCO) entered 2019 bouncing sharply from its 320-day moving average, and has since gained 30%. More recently, the Dow stock's 80-day moving average has served as a springboard, and contained CSCO's pullback from its 18-year high of $58.15 from June 21. Today, broad-market headwinds have the tech stock down 0.6% at $5...Read More
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"$GRIN #CorporatePresentation"We don't have an analytical advantage, we just look in the right place." - Seth Klarman #DueDiligence ??"^???"#GrownRogue #MichiganCannabis #Cannabis #NaturalCultivation #CannabisCultivation #CSE #SmallCaps #MomentumStockshttps://t.co/YzXBpXWFuM"Read full newsRead More
Canaccord Genuity initiated coverage on RYTM with a "buy" rating and a $35 price target The shares of Rhythm Pharmaceuticals Inc (NASDAQ:RYTM) are getting a boost today, after Canaccord Genuity initiated coverage on the drugmaker with a "buy" rating and a $35 price target -- a more than 60% premium to the stock's current perch. The rating comes just weeks after the stock hit a 14-month low of $20....Read More
Golden Predator Mining Corp. (TSXV:GPY, OTCQX:NTGSF) (the "Company") is pleased to announce that due to strong investor demand, it has increased the maximum offering of its private placement previously announced on July 5, from 11 million flow-through shares to 18.6 million flow-through shares.Read full newsRead More
Boeing and Pfizer are other blue chips under pressure todayThe Dow Jones Industrial Average (DJI) is staring at a triple-digit deficit at midday, weighed down by newly downgraded Apple (AAPL), as well as rough outings fromfellow blue chips Boeing (BA) and Pfizer (PFE). Investors are also preparing for comments from Fed Chair Jerome Powell on Wednesday, after the prospects of a July rate cut took...Read More
BMO had some notable comments for banks ahead of the July Fed meeting With Wall Street still expecting the Fed to cut interest rates at its meeting this month, brokerage firm BMO is considering what that could mean for some of the smaller banks. Specifically, in a note this morning analysts called out regional bank Huntington Bancshares Incorporated (NASDAQ:HBAN), suggesting an easing in monetary...Read More
All three are seeing unusual options volumeAlong with tech titan Apple (AAPL), several other stocks in the sector are lower after negative analyst notes. Of note, Juniper Networks, Inc. (NYSE:JNPR), NetApp Inc. (NASDAQ:NTAP), and F5 Networks, Inc. (NASDAQ:FFIV) stocks are all in the red today, after analysts downgraded the equities to "sell." What's more, the ugly brokerage attention has sparked u...Read More
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