Recent News

Spotify Stock Dips on New Amazon Threat

April 15, 2019 / www.schaeffersresearch.com

Analysts and options traders alike are bullish on SPOTThe shares of Spotify Technology SA (NYSE:SPOT) are down 4.2% to trade at $138.91 this morning, under pressure from news of increased competition in the streaming space. More specifically, on late Friday Billboard reported Amazon.com (AMZN) plans to launch a free, ad-supported music-streaming service. Amazon will be able to market its new offe...Read More

Wall Street Sees Potential in Fintech Stocks

April 15, 2019 / www.schaeffersresearch.com

The shares of MKTX and TW have been solid on the chartsFintech stocks MarketAxess Holdings Inc. (NASDAQ:MKTX) and Tradeweb Market Inc (NASDAQ:TW) are in focus this morning after an analyst note out of Rosenblatt Securities. The brokerage firm sees ongoing growth trends for the businesses thanks to expanded electronic trading adoption and analytics capabilities, calling MKTX and TW "unique assets"...Read More

Best Buy Stock Down Again After CEO Shake-Up

April 15, 2019 / www.schaeffersresearch.com

CFO Corie Barry will replace Hubert Joly as BBY CEOThe shares of Best Buy Co Inc (NYSE:BBY) are down slightly in early trading after the electronics retailer announced that current Chief Financial Officer (CFO) Corie Barry would take the place of Hubert Joly as CEO. Joly has served as CEO since 2012, and is stepping down to serve as the executive chairman of the company. As a result, BBY stock is...Read More

Uranium industry weighs rules that have bomb watchers twitching

April 15, 2019 / www.mining.com

Back in the 1970s and 1980s when he was keeping America's nuclear weapons up to date, Robert Kelley didn't pay much attention to their source of uranium.But then he was reassigned to lead the international team that accounted for the of hundreds of tons of the heavy metal Iraq secretly extracted at a fertilizer factory to feed Saddam Hussein's weapons program.That discovery at the Al-Qaim phosphat...Read More

BHP Canada makes strategic investment in Midland Exploration

April 15, 2019 / www.mining.com

A strategic investment by BHP Billiton Canada in Midland Exploration (TSXV: MD) will support the junior company's work on copper exploration in northern Quebec including at its Mythril copper-gold-molybdenum-silver project in James Bay Eeyou Istchee.BHP is acquiring 3.44 million units of Midland at $1.70 per unit for $5.9 million. Each unit consists of one common share and one common share purchas...Read More

BHP Canada makes strategic investment in Midland Exploration

April 15, 2019 / www.mining.com

A strategic investment by BHP Billiton Canada in Midland Exploration (TSXV: MD) will support the junior company's work on copper exploration in northern Quebec including at its Mythril copper-gold-molybdenum-silver project in James Bay Eeyou Istchee.BHP is acquiring 3.44 million units of Midland at $1.70 per unit for $5.9 million. Each unit consists of one common share and one common share purchas...Read More

BHP Canada makes strategic investment in Midland Exploration

April 15, 2019 / www.mining.com

A strategic investment by BHP Billiton Canada in Midland Exploration (TSXV: MD) will support the junior company's work on copper exploration in northern Quebec including at its Mythril copper-gold-molybdenum-silver project in James Bay Eeyou Istchee.BHP is acquiring 3.44 million units of Midland at $1.70 per unit for $5.9 million. Each unit consists of one common share and one common share purchas...Read More

Trafigura to take over world's second-largest zinc smelter

April 15, 2019 / www.mining.com

Trafigura Group Ltd. will take control of Nyrstar NV, Europe's biggest zinc smelter, as part of a deal to restructure the struggling company's debt and steer it away from bankruptcy.Under the agreement, Trafigura - Nyrstar's main shareholder as well as a top supplier, customer and financier - offered a package of its own debt securities to Nyrstar's creditors in exchange for them writing off debt....Read More

China's commodity imports look tepid, may be slightly warmer

April 15, 2019 / www.mining.com

If you were looking for evidence that China's economy has lost momentum, you may be tempted to think that you've found it in the unimpressive growth, or lack thereof, in imports of major commodities in the first quarter.Customs data for the first quarter show only crude oil has recorded significant growth in import volumes in the first quarter, with copper data mixed and iron ore and coal dropping...Read More

Goldman Sachs Earnings Drag on Dow Futures

April 15, 2019 / www.schaeffersresearch.com

Citigroup, meanwhile, is higher after earningsDow Jones Industrial Average (DJI) futures are trading below fair value this morning, with the blue-chip index poised to take a breather after Friday's big gains. Bank earnings remain in focus today, with Goldman Sachs (GS) stock lower ahead of the bell after the financial firm reported weaker-than-expected revenue. A quarterly profit beat for Citigrou...Read More

Katanga Mining resumes cobalt exports from DRC

April 15, 2019 / www.mining.com

Katanga Mining Ltd, a unit of Glencore Plc, said on Monday it resumed exporting and selling a limited quantity of cobalt from its Kamoto Project in the Democratic Republic of Congo (DRC).The company said in November it had temporarily suspended the export and sale of cobalt from the project after uranium was found in levels above the acceptable limit for export.Katanga said on Monday it produced a...Read More

Savannah Resources to take full control of lithium mine in Portugal

April 15, 2019 / www.mining.com

Multi-commodity developer Savannah Resources (AIM:SAV) will become the sole owner of Mina do Barroso lithium project in Portugal through an all-share offer worth $11.9 million.The London, England-based company, which already owns 75% of the asset, said full ownership would "provide greater exposure" for its shareholders to the project as it's developed and commercialized.Mina do Barroso mine cou...Read More

Fission Uranium tables PFS for Patterson Lake South

April 15, 2019 / www.mining.com

Fission Uranium (TSX: FCU) has tabled a prefeasibility study (PFS) for its Patterson Lake South uranium project in Saskatchewan's Athabasca region, outlining an open pit and underground hybrid operation. It's working on a preliminary economic assessment (PEA)-level underground only scenario that it says could offer improved economics.The PFS assigns the project a $693 million after tax net present...Read More

How to Transform Technical Indicators

April 15, 2019 / www.schaeffersresearch.com

How you can transform lagging indicators into leading indicators.Many traders are tired of repeating the same mistakes over and over again, but are unsure how to break the cycle of bad decisions that lead to mediocre, or even poor results.And even the supposed "market gurus" or "experts" don't have the answer... or if they do, it's "all flash and no substance."But there is a REAL solution.While ot...Read More

Risk On Mood Spreads – JPY & Gold in Focus [Video]

April 15, 2019 / www.fxstreet.com

The USD is trading mixed today with a Risk On mood permeating from Asia to Europe at the start of a shortened trading week.   Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument. Read More

CORRECTED-UPDATE 1-China c.bank calls for more policy coordination to support growth

April 15, 2019 / www.kitco.com

(Corrects figure to 40 percent from 4 percent in paragraph 6) * Positive changes in structural adjustments of economy-PBOC * C.bank reaffirms prudent policy, says to keep liquidityample * PBOC pledges to keep yuan basically stable * China due to report first-quarter economic growth onWednesdayBEIJING, April 15 (Reuters) - China's central bank on Mondaycalled for more coordination between the count...Read More

UPDATE 2-Greek bond yields near record lows as IMF repayment hopes grow

April 15, 2019 / www.kitco.com

* Greek official says deal to repay IMF loans imminent * Greek 10-year yields hit new 13-year low on Monday * Improving mood keeps Bund yields at three-week high * Euro zone periphery govt bond yields (Updates pricing, adds chart)By Abhinav RamnarayanLONDON, April 15 (Reuters) - Greek government bond yieldswere closing in on record lows on Monday after an official saida deal to repay International...Read More

Why Big-Caps Are Outperforming Small-Cap Stocks

April 15, 2019 / www.schaeffersresearch.com

Large speculators have an extreme net short position as the VIX tests 2018's floor"It's hedge funds, who have stubbornly refused to embrace stocks even as global equities added $10 trillion in value over the last three months. At the end of March, their net exposure as measured by the ratio of bullish bets to bearish ones stood near the lowest level in more than a year, client data compiled by JPM...Read More

Lundin Mining grabs Brazilian mine from Yamana in $1B deal

April 15, 2019 / www.mining.com

Canada's Lundin Mining (TSX:LUN) has agreed to acquire a copper-gold operation in Brazil from fellow miner Yamana Gold (NYSE: AUY), (TSE: YRI) in a $1 billion-deal as it looks to beef up its base metals portfolio.The Chapada mine, in the northwest Brazilian state of Goi??s, began production in 2007 and is expected to churn out about 54,500 tonnes of copper and 100,000 ounces of gold this year.The...Read More

Lundin Mining grabs Brazilian mine from Yamana in $1B deal

April 15, 2019 / www.mining.com

Canada's Lundin Mining (TSX:LUN) has agreed to acquire a copper-gold operation in Brazil from fellow miner Yamana Gold (NYSE: AUY), (TSE: YRI) in a $1 billion-deal as it looks to beef up its base metals portfolio.The Chapada mine, in the northwest Brazilian state of Goi??s, began production in 2007 and is expected to churn out about 54,500 tonnes of copper and 100,000 ounces of gold this year.The...Read More

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