Some analysts are still skeptical of the outperforming stockChinese travel services stock Ctrip.com International, Ltd. (NASDAQ:CTRP) has put in a strong performance so far this year, up 55% to trade at $41.99 -- thanks in part to an early March post-earnings bull gap. More recently, the shares pulled back after hitting a nine-month high of $46.50, but are now trading near a trendline with histori...Read More
The Nasdaq is extending its streak of record intraday highsThe Dow Jones Industrial Average (DJI) is still reeling from 3M's (MMM) major earnings miss. The index has lost almost 175 points at midday, despite new record highs from both Microsoft (MSFT) and Disney (DIS). The Nasdaq Composite (IXIC) continues to flourish, however, on an earnings beat from Facebook (FB), and once again touched a new...Read More
Merck and Pfizer will also reportCertain to grab headlines next week will be the highly anticipatedearnings from FAANG members Alphabet (GOOGL) and Apple (AAPL). In addition, blue chips McDonald's (MCD), Merck (MRK), and Pfizer (PFE) are also expected to report, as areSpotify (SPOT), Sprint (S), and Advanced Micro Devices (AMD), to name a few. Outside of earnings, the Fed's policy meeting and Fed...Read More
South African miner Anglo American Platinum Ltd's (Amplats) first quarter production fell 6 percent, hit by problems at power supplier Eskom, operational challenges and ore stockpiling in the same period the year before.Power cuts implemented by Eskom, which supplies more than 90 percent of electricity in Africa's most advanced economy, pose a threat to miners which are among the biggest users of...Read More
Despite unfavourable market conditions, the mining industry is staging a comeback thanks to highly publicized multi-billion mergers and acquisitions targeting mostly the gold sector.The aggregate valuation of all miners listed on the Toronto Stock Exchange (TSX) declined by 12.7% in 2018, to $253.9 billion, compared with a 10.8% decrease in the market capitalization of the entire TSX market, says...Read More
Despite unfavourable market conditions, the mining industry is staging a comeback thanks to highly publicized multi-billion mergers and acquisitions targeting mostly the gold sector.The aggregate valuation of all miners listed on the Toronto Stock Exchange (TSX) declined by 12.7% in 2018, to $253.9 billion, compared with a 10.8% decrease in the market capitalization of the entire TSX market, says...Read More
Despite unfavourable market conditions, the mining industry is staging a comeback thanks to highly publicized multi-billion mergers and acquisitions targeting mostly the gold sector.The aggregate valuation of all miners listed on the Toronto Stock Exchange (TSX) declined by 12.7% in 2018, to $253.9 billion, compared with a 10.8% decrease in the market capitalization of the entire TSX market, says...Read More
Despite unfavourable market conditions, the mining industry is staging a comeback thanks to highly publicized multi-billion mergers and acquisitions targeting mostly the gold sector.The aggregate valuation of all miners listed on the Toronto Stock Exchange (TSX) declined by 12.7% in 2018, to $253.9 billion, compared with a 10.8% decrease in the market capitalization of the entire TSX market, says...Read More
Despite unfavourable market conditions, the mining industry is staging a comeback thanks to highly publicized multi-billion mergers and acquisitions targeting mostly the gold sector.The aggregate valuation of all miners listed on the Toronto Stock Exchange (TSX) declined by 12.7% in 2018, to $253.9 billion, compared with a 10.8% decrease in the market capitalization of the entire TSX market, says...Read More
Despite unfavourable market conditions, the mining industry is staging a comeback thanks to highly publicized multi-billion mergers and acquisitions targeting mostly the gold sector.The aggregate valuation of all miners listed on the Toronto Stock Exchange (TSX) declined by 12.7% in 2018, to $253.9 billion, compared with a 10.8% decrease in the market capitalization of the entire TSX market, says...Read More
Glencore has been informed by the US Commodity Futures Trading Commission (CFTC) that the company is under investigation for possible corrupt practices violating certain provisions of the Commodity Exchange Act and/or CFTC regulations.The latest CFTC probe comes after the company was subpoenaed last year by the US Department of Justice (DOJ) for documents relating to dealings in Nigeria, the Democ...Read More
PayPal revealed data on its Venmo service for investorsPayments specialists Visa Inc (NYSE:V) and PayPal Holdings Inc (NASDAQ:PYPL) are in focus this morning following the companies' quarterly reports, which have a number of analysts raising their outlooks on shares of V and PYPL. Let's take a closer look at the stocks.Visa reported a top- and bottom-line beat, and reaffirmed its 2019 outlook, wh...Read More
As we noted in our April 24th US market update for INK subscribers, transportation industry insiders are not along for the stock market's trip to new highs. Indeed, as the market sets sail in search of new highs, transportation industry insiders have completely jumped ship. Given the group's savvy ability to spot both opportunity and adversity last year, it is worth reiterating the message they a...Read More
The company's first-quarter results arrived well below estimatesThe shares of 3M Co (NYSE:MMM) are slumping today, after the consumer products giant -- whose products include Post-it and Scotch Tape -- reported first-quarter adjusted profit of $2.23 per share on $7.86 billion in revenue, less than analysts were expecting. The company also lowered its 2019 earnings forecast, and said it's cutting 2...Read More
Lucara Diamond Corp has unearthed the largest uncut diamond in recent history in its Karowe mine in Botswana, the Canadian company said on Thursday, beating its own record discovery from November 2015 that it struggled to sell for nearly two years.The 1,758-carat diamond is larger than a tennis ball and weighs close to 352 grams (12.42 ounces), it said in a statement. The stone is second in size o...Read More
Lucara Diamond Corp has unearthed the largest uncut diamond in recent history in its Karowe mine in Botswana, the Canadian company said on Thursday, beating its own record discovery from November 2015 that it struggled to sell for nearly two years.The 1,758-carat diamond is larger than a tennis ball and weighs close to 352 grams (12.42 ounces), it said in a statement. The stone is second in size o...Read More
Brazilian miner Vale SA said on Wednesday it has filed a lawsuit in the United States to force BSG Resources Ltd (BSGR) to pay it about $1.25 billion, as mandated by an arbitrator in a dispute over a joint venture in Guinea, plus interest and expenses.Earlier this month, Vale said an arbitration court in London had ordered BSGR to pay $1.246 billion. The suit, filed in the U.S. District Court for...Read More
South Africa's Sibanye-Stillwater on Thursday revised its offer for Lonmin, with new terms that gave a valuation for the struggling platinum miner that was about 60 million pounds ($77 million) less than originally proposed.Lonmin said Sibanye was offering an additional 0.033 Sibanye shares per Lonmin share in a deal to create the world's No.2 platinum producer. Sibanye had initially said in Decem...Read More
FB is pacing for its best day since JanuarySocial media giant Facebook, Inc. (NASDAQ:FB) is soaring in early trading, after the company reported a first-quarter profit beat. The company also mentioned it has set aside $3 billion to settle with U.S. regulators over data sharing, but could end up having to fork over up to $5 billion. Analysts have been far from shy to respond, with no fewer than 13...Read More
NBEV options are attractively priced, to bootNew Age Beverages Corp (NASDAQ:NBEV) is near the top of the Nasdaq this morning, up 5.6% to trade at $5.82, after the company announced the global launch of its cannabidiol (CBD) product portfolio. The range of products include CBD creams, lotions, and oils, and will be sold worldwide. New Age Beverages stock is on track for its best day since April...Read More