NTAP shed 8% yesterday after subpar earningsWe recently profiled the 25 best stocks to own during Memorial Day Week. Of the many tech stocks that appear on the list, NetApp Inc. (NASDAQ:NTAP) looks to be the most overdue for a rebound, the security just yesterday shedding 8% on the back of a weak quarterly report. Specifically, looking at S&P 500 Index stocks over the past 10 years, NTAP has turn...Read More
In his May 22nd broadcast, John Kaiser updates Midland Exploration's (MD) Mythril project which has implications for nearby area plays hosted by Azimut Exploration (AZM), 92 Resources (NTY) and Quebec Precious Metal (CJC). Midland released initial drilling results from 10 holes on May 16th.Image By nattAng source WikipediaIn the third and final segment of the show, Mr. Kaiser assesses the implica...Read More
Investors are also considering Trump's China commentsThe Dow Jones Industrial Average (DJI) is off its early highs, sporting a modest lead at midday. Traders are staying focused on President Donald Trump's China comments from yesterday, brushing off a disappointing durable goods update for April. Meanwhile, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are trading above breakeven as they bar...Read More
A historically bullish signal just flashed on the charts for Okta ahead of earningsCloud-based software concern Okta Inc (NASDAQ:OKTA) has been on virtually nonstop since its late-November lows. The stock has jumped more than 69% on the year, and just hit an all-time high of $111.94 this past Wednesday, May 22. While the tech stock has pulled back ahead of the firm's first-quarter earnings report...Read More
Piper Jaffray expects the shares to surge to $3,000Online powerhouse Amazon.com, Inc. (NASDAQ:AMZN) is up 1.3% at $1,838.01, after Piper Jaffray said it expects the stock to reach $3,000 between mid-2021 and mid-2022. The target -- based on "conservative growth and valuation assumptions" -- implies 65% upside from the FAANG stock's closing price of $1,815.48 on Thursday. The brokerage firm has a...Read More
BIIB shares tend to outperform right after Memorial DayBiogen Inc (NASDAQ:BIIB) stock suffered its worst day in 14 years on March 21, when it gapped 29.2% lower on a pair of halted Alzheimer's disease drug trials. The shares have since struggled to surpass these bear gap levels below $235 -- last seen up 0.4% at $230.13 -- but some short-term upside could be in the cards, if history is any guide....Read More
LUSAKA/JOHANNESBURG - A court hearing between Vedanta and the government of Zambia over control of its Konkola Copper Mines (KCM) business was adjourned on Friday until June 4.The government is pressing for the liquidation of KCM which it has accused of breaching its operating licence. The company faces a lawsuit in the English courts over allegations KCM polluted the land of nearly 2,000 Zambian...Read More
LUSAKA/JOHANNESBURG - A court hearing between Vedanta and the government of Zambia over control of its Konkola Copper Mines (KCM) business was adjourned on Friday until June 4.The government is pressing for the liquidation of KCM which it has accused of breaching its operating licence. The company faces a lawsuit in the English courts over allegations KCM polluted the land of nearly 2,000 Zambian...Read More
Morgan Stanley just doesn't see much upside in STZ going forwardConstellation Brands, Inc. (NYSE:STZ) was hit with a downgrade this morning at Morgan Stanley, who admitted it's liked the stock for a while, but doesn't see the upside in the near term to warrant its "overweight" rating. Instead, it lowered its STZ opinion to "equal-weight" and cut its price target to $220 from $230. The covering ana...Read More
KUALA LUMPUR - The chief executive of Australian rare earth metals producer Lynas Corp said on Friday that feedback from the Malaysian government relating to its plans to move initial ore processes out of the Southeast Asian nation has been favourable.In a strategic growth plan to 2025 unveiled last Tuesday, Lynas said it intends to build an initial ore processing plant in Western Australia that...Read More
The analyst just gave Aphria a "buy" rating and an $11.16 price target Jefferies just initiated coverage on cannabis concern Aphria Inc (NYSE:APHA) with a "buy" rating and price target of $11.16 -- a nearly 75% premium to last night's close at $6.41. The analyst said it was impressed by APHA's business approach to recreational marijuana, and that the stock's valuation doesn't reflect its strong gl...Read More
Mali gold exports increase by 15.4% to 61.63 tonnes in 2018, up from 53.4 tonnes in 2017, National Institute of Statistics says, mostly owing to stronger industrial production.* Value of gold exported in Mali increased to 1.46 trillion CFA francs ($2.40 billion) last year, from 1.28 trillion CFA francs the previous year.* Almost all recorded gold was from industrial-scale mining, with just 800 kil...Read More
FL's profit, revenue, and same-store sales all fell shortFoot Locker, Inc. (NYSE:FL) stock is trading down 13.2% ahead of the bell, set to open below its late-November lows. Earlier this morning, the athletic apparel retailer reported first-quarter adjusted earnings of $1.53 per share on $2.08 billion in revenue -- missing analysts' estimates. The company also said same-store sales rose a less-tha...Read More
Chilean state-run miner Codelco, the world's largest copper producer, presented its final offer in contract negotiations with three unions at its giant Chuquicamata mine on Friday as workers threatened to strike if the company does not meet demands.Workers from the unions involved had rejected last weekend a proposal by the company, which included a $19,700 bonus per worker and a 1.2% raise, but o...Read More
Over in the U.K., all eyes are on Prime Minister Theresa May's resignation Dow Jones Industrial Average (DJI) futures are finally eyeing a positive open, after President Donald Trump said the trade war with China could be resolved soon, and a trade deal could result in relaxed restrictions on China's Huawei. He did, however, reiterate the security threat from the Chinese firm, calling it"very dang...Read More
MUMBAI/BENGALURU - Gold prices in India flipped into premiums this week on firmer demand in the domestic market, while buyers in top consumer China took advantage of weaker bullion prices and stepped up purchases.In India, dealers charged a premium of about $1 an ounce over official domestic prices. That contrasted with last week when gold was sold at a discount, of around $2, for the first time i...Read More
BABA is heading toward its third straight weekly lossThe shares of Alibaba Group Holding Ltd (NYSE:BABA) are up 1.8% in electronic trading this morning, after Stifel added the Chinese e-commerce concern to its "select list." The brokerage firm believes the stock's pullback due to trade war tensions presents a buying opportunity for long-term investors. Since breaking into the $195 level to start...Read More
The South Australian Minister for Energy and Mining granted Havilah Resources (ASX: HAV) three mineral leases and two miscellaneous purposes licenses for the Kalkaroo copper-gold project, located northeast of Adelaide in South Australia.In a press release, Havilah said the decision secures the company's right to mine Kalkaroo. However, the firm still needs to obtain permission to mine which requir...Read More
The South Australian Minister for Energy and Mining granted Havilah Resources (ASX: HAV) three mineral leases and two miscellaneous purposes licenses for the Kalkaroo copper-gold project, located northeast of Adelaide in South Australia.In a press release, Havilah said the decision secures the company's right to mine Kalkaroo. However, the firm still needs to obtain permission to mine which requir...Read More
The South Australian Minister for Energy and Mining granted Havilah Resources (ASX: HAV) three mineral leases and two miscellaneous purposes licenses for the Kalkaroo copper-gold project, located northeast of Adelaide in South Australia.In a press release, Havilah said the decision secures the company's right to mine Kalkaroo. However, the firm still needs to obtain permission to mine which requir...Read More