MU is pacing for its best day in yearsThe shares of chipmaker Micron Technology, Inc. (NASDAQ:MU) are soaring in early trading, up 11.7% at $36.50, after the firm announced fiscal third-quarter earnings and revenue that exceeded expectations. Micron also forecast a recovery in chip demand later this year, and said it had begun "lawfully" shipping a subset of products to China's Huawei once again,...Read More
Wayfair stock may be ripe for a short squeezeAs criticism mounts over the state of U.S. migrant camps, furniture firm Wayfair Inc (NASDAQ:W) has found itself in the middle of it. Today, hundreds of employees are planning a walkout after the retailer allegedly sold $200,000 in bedroom furniture to a Texas detention facility for migrant children.A Twitter account called "Wayfairwalkout" was create...Read More
Ontario's government is working for the people by supporting Northern Ontario's film and television industry in the Nipissing and Sudbury areas.Today, Vic Fedeli, MPP for Nipissing, announced an investment of over $12.8 million at the Northern Ontario Film Studios' western-themed location in Powassan. The investments include: $3.4 million for Sienna Films Development Inc. to film the TV series Car...Read More
Gold stocks have become over-extended and overheated in recent days.Expect the rate of change in the new highs-lows to soon slow down.Investors should prepare for a potential XAU pullback in early July.June has seen one of the best single-month performances for the actively traded gold mining shares in years. The PHLX Gold/Silver Index (XAU) has gained 21% so far this month and shows no signs of s...Read More
The shares suffered their worst day in years on WednesdayAcer Therapeutics Inc (NASDAQ:ACER) plunged 78.6% yesterday -- its worst session since September 2008 -- after the Food and Drug Administration (FDA) failed to approve the firm's rare genetic disorder treatment, requesting new clinical data. ACER shares are lower again today, last seen down 4.6% at $3.93, as bearish analysts blast the crumbl...Read More
FDX and MU shares are on the rise post-earningsStock futures are trading higher this morning, trying to bounce back after a Fed-induced drop. Behind the risk-on approach are comments from Treasury Secretary Steven Mnuchin, who told CNBC a U.S.-China trade deal was "90% of the way there," and that he believes President Donald Trump and Chinese President Xi Jinping can make progress when they meet t...Read More
* Bitcoin at 18-month high* Analysts point to safe-haven bids, Libra enthusiasm * Biggest cryptocurrency up more 260% since January * Bitcoin's CME futures spur buying activity (Adds analyst comments, new bitcoin high, updates prices, addsNEW YORK to dateline)By Gertrude Chavez-Dreyfuss and OLGA COTAGANEW YORK/LONDON, June 26 (Reuters) - Bitcoin jumped to an18-month high on Wednesday, as investors...Read More
A signal that's been extremely bullish for stocks is sounding, tooIt's looking like the S&P 500 Index (SPX) could have the best June in more than 60 years. The rally has propelled the index to an all-time high after pulling back more than 6% from the last all-time high at the end of April. This week, as I often do, I'll relate the current environment to past instances, and see how the market perfo...Read More
Positive Exploration & Delineation Drilling at Premier Gold Mines' Mercedes MineRead full newsRead More
* GRAPHIC-2019 asset returns:* First copper resistance at $6,070/T (Adds comment, closing prices)By Pratima DesaiLONDON, June 26 (Reuters) - Copper prices hit five-weekhighs on Wednesday after U.S. Treasury Secretary Steve Mnuchinsaid a U.S.-China trade deal was 90% complete, but gains werecapped by concern about demand in top consumer China. Benchmark copper on the London Metal Exchange closeddow...Read More
(Adds comments, background)By David Milliken and Andy BruceLONDON, June 26 (Reuters) - Bank of England Governor MarkCarney said the BoE would only cut its economic forecasts toreflect the risk of a no-deal Brexit if Britain's next primeminister makes leaving the European Union without a transitionagreement his preferred policy."In the event that the policy of the government were toswitch, the...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Stocks fell Tuesday as Federal Reserve Chairman Jerome Powell said he and his colleagues on the central bank were "grappling" over whether to lower interest rates. Allergan (AGN - Get Report) shares surged after the company agreed to a takeover from biopharmaceutical company AbbVie (ABBV - Get Report) . AbbVie is Real Money's Stock...Read More
A summary of base metals premiums from across the globe for the week to Tuesday June 25.Please click...Read More
Australia's Sandfire Resources is to acquire Botswana, Africa-focused copper development and exploration company MOD Resources in a deal worth A$167 million ($116.38 million). The offer has been made on a share-to-share basis, with 0.0664 Sandfire shares to be offered for each MOD share held, the companies said a joint announcement through the Australian Stock Exchange on Tuesday Ju...Read More
Base metals traded on the London Metal Exchange broadly closed up at the afternoon kerb on Tuesday June 25, while a spate of short-covering meant healthy trading volumes drove gains across the majority of the complex.Marginal headway made in US-Sino trade negotiations, with US President Donald Trump and China's Xi Jinping set to meet at the G20 Summit in Japan this week, is supporting risk sentime...Read More
A summary of base metals premiums from across the globe for the week to Tuesday June 25.Please click...Read More
Australia's Sandfire Resources is to acquire Botswana, Africa-focused copper development and exploration company MOD Resources in a deal worth A$167 million ($116.38 million). The offer has been made on a share-to-share basis, with 0.0664 Sandfire shares to be offered for each MOD share held, the companies said a joint announcement through the Australian Stock Exchange on Tuesday Ju...Read More
Chrome ore prices dropped again in China and alloy prices weakened globally in the week ended Friday June 21 due to poor demand. Ore prices down for seventh week runningCharge chrome import prices weaken in ChinaAlloy prices dip in Japan, South KoreaEuropean alloy prices slumpUS market flat once again UG2 chrome ore prices in China slid for the seventh consecutive week on Friday after some suppli...Read More
Fastmarkets' pricing and research team answers some of the key questions raised during our web seminar, discussing recent price moves in the cobalt market and how industry developments might affect the market - and prices.If you missed it, follow this link to listen to the free recording.By what time do you estimate current excess cobalt supply to be absorbed? We expect this will happen by 2023-20...Read More
Ferro-silicon prices in China were stable in the week ended Friday June 21, extending a steady run in the market for a fifth consecutive week against firm Chinese futures prices and relatively limited availability in the physical market.In Europe, the market has fallen due to weak spot demand and an increasing number of quarterly deals done below ?,?1,000 ($1,139) per tonne, which has dragged down...Read More