A bullish signal just sounded on the charts for Zscaler It's been a bang-up year for the cloud-based security concern Zscaler Inc (NASDAQ:ZS), which just hit an all-time high of $82.25 late last week. While the stock has cooled off a little, it's still up nearly 93% year-to-date today, testing a recent level of support at its 20-day moving average. What's more, this pullback has put ZS in line wit...Read More
Nvidia stock has suffered on the charts long termSemiconductor name Nvidia Corporation (NASDAQ:NVDA) has struggled since its early October highs.The shares broke below $145 -- around half their all-time high -- last month, and after a subsequent bounce are running into resistance at the $158 level. This area is home to NVDA's June 20 intraday high and a breakdown of a trendline connecting higher l...Read More
Beginning today, we plan to provide a short video summary of our daily morning report stock feature. Eventually, our goal is to get the videos distributed to subscribers before the open. Starting out, we will be a day or so behind, but we are working hard to catch up!Fittingly, we are kicking off the feature with Evertz Technology (ET) which we featured in the June 24th morning report. June 24th...Read More
Jefferies really prefers Amazon's cloud business over MicrosoftJefferies has been the only brokerage firm with the equivalent of a "sell" rating on Microsoft Corporation (NASDAQ:MSFT), though that really hasn't worked out for the covering analyst, as the blue chip has jumped almost 36% year-to-date. The brokerage firm this morning released a new note in which it raised its price target to $90 from...Read More
The brokerage firm set a Street-low price target on the stock, tooBrighthouse Financial Inc (NASDAQ:BHF) is down 8.7% at $38.12, after Credit Suisse downgraded the insurance issue to "underperform" from "neutral," and slashed its price target by $13 to a Street low $22. Analyst Andrew Kligerman said BHF stock looks expensive at current levels, and lower interest rates this year could negatively im...Read More
GRUB is fresh off its third straight weekly winThe shares of GrubHub Inc (NYSE:GRUB) are up 6.5% at $76.96 this morning, after a big upgrade from Citigroup. The brokerage firm raised its rating on GRUB to "buy" from "neutral," while goosing its price target up to $91 from $75, territory not seen since November. The analyst in coverage waxed optimistic about growth in the online food delivery mark...Read More
"VP Investor Relations Rich Matthews is now up speaking for @NevadaCopper on the #MJS stage. You can watch live here: https://t.co/fSzbovcg0y"Read full newsRead More
Three mining stocks have outperformed the price of gold bullion (and the TSX Index) since the beginning of May, including Eldorado Gold Corp (TSX:ELD)(NYSE:EGO) -- up more than 45% over just the past three-and-a-half weeks.Read full newsRead More
The health company just released its Duobrii plaque psoriasis treatment The Canada-based pharmaceutical concern Bausch Health Companies Inc (NYSE:BHC) just announced this morning the launch of its new plaque psoriasis treatment, Duobrii. Thelotion will be commercially available this week and the firm said it expects the drug to be an important revenue driver, dubbing it part of its "Significant...Read More
It could be another quiet day on Wall StreetStock futures are signaling another tepid trading session, as investors continue to await this week's G-20 summit. The Dow Jones Industrial Average (DJI) closed near breakeven on Monday, and futures on the index are pointing to a quiet start today, as others look forward to an afternoon speech from Fed Chair Jerome Powell. In the meantime, gold prices ke...Read More
"What is the hallmark of a good #investment ? @BarclaysInvest Philip London moderates the following panel with @bhp Olga Antonovskaya , #DenhamCapital Bert Koth & @JanusHenderson Tal Lomnitzer #MJS #MJSelect"Read full newsRead More
The red-hot IPO just broke a long winning streak above its 10-day moving averageWith each day that passes, it seems to grow more difficult to ignore the growing cult of Beyond Meat Inc (NASDAQ:BYND). The vegan burger stock shocked Wall Street when it ballooned from its early May initial public offering (IPO) price of $25 per share to an intraday high north of $200 per share in just under seven wee...Read More
(Updates with closing prices)By Peter HobsonLONDON, June 25 (Reuters) - Copper prices reached aone-month high on Tuesday as a strike at a major mine in Chileunderlined a supply shortfall, although investors were on edgeahead of U.S.-China trade talks later this week.Benchmark copper on the London Metal Exchange (LME)ended up 1.4% at $6,042 a tonne after touching $6,051.50, thehighest since May 21....Read More
Three mining stocks have outperformed the price of gold bullion (and the TSX Index) since the beginning of May, including Eldorado Gold Corp (TSX:ELD)(NYSE:EGO) -- up more than 45% over just the past three-and-a-half weeks.Read full newsRead More
Based on the big jump in gold contract open interest and the spike up in EFP/PNT transactions, it's likely the banks have been setting the trap for another massive open interest liquidation price control operation.During periods of aggressive price control, the activity of PNT/EFPs also soars. These transactions avoid settlement in 100 oz Comex bars per basic contract terms. Instead, it's...Read More
Canadian stocks may soon have some inflationary tailwinds helping them surprise on the upside. Get our take in this week's newsletter. You will also meet the dynamic duo from Burlington, Ontario who are powering a little known Canadian-technology company to record sales.Click here to read this week's edition (registration not required).Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans") is pleased to provide shareholders and investors with an update on the Company's marketing initiatives and successful transition into its omnichannel business model that has taken course of over 2019. The Company will be hosting a conference call to discuss this update on Thursday June 27, 2019 at 1...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to announce intersections of uranium mineralization in the first drill hole at its 100% owned Larocque East property (the "Property") in the Eastern Athabasca Basin of Saskatchewan (Figure 1).HighlightsDrill Hole LE19-14B intersected a 2.0m thick upper zone of sandstone hosted mineralization from 323.0-325.0m The upper zone...Read More
Zinc's three-month price on the London Metal Exchange was up by more than 2% at the close of trading on Monday June 24, settling at just under $2,500 per tonne. Just under 10,000 lots were exchanged.Despite a slight uptick in zinc's three-month price, storage and financing costs for the metal remain sizable. Zinc's forward spreads on the LME remain tight, with the cash/three-month spread recently...Read More
The benchmark for the supply of aluminium to main Japanese ports (MJP) in the third quarter of 2019 has settled at a premium of $108 per tonne cif over the London Metal Exchange cash price. The settlement represents a 3% increase from the second-quarter benchmark of $105 per tonne, which was set at the end of March. Deals for a total of 34,500 tonnes between three major producers, two consumers an...Read More