Wall Street brushed off another week of spiking jobless claims Stocks turned in outsized gains today -- buoyed by optimism over easing lockdown restrictions -- as investors mostly overlooked another week of dismal jobless claims. The big story was the tech-rich Nasdaq, which added over 1.4% to close atop its year-to-date breakeven for the first time since late-February. The Dow also made an impres...Read More
Yelp is on the docket to post earnings after the market closes todayThe shares of Yelp Inc (NYSE:YELP) are up 5%, last seen trading at $23.14, ahead of the restaurant review platform's first-quarter earnings report,due out after the close today. Below, we'll dive deeper into the company's earnings history, and why options traders may have a difficult time discerning where YELP will head after it...Read More
Universal Display is set to post its first-quarter earnings after the close this eveningSemiconductor concern and iPhone screen specialist Universal Display Corporation (NASDAQ:OLED) is gearing up for its first-quarter earnings report due out after the close this evening, with its stock up 4.6% to trade at $153.33 today. With support in place at its 20-day moving average, OLED has gradually start...Read More
The Dow is up over 330 points middayThe Dow Jones Industrial Average (DJI) is up over 330 points midday, shaking off worse-than-expected weekly jobs data. The tech-heavy Nasdaq Composite (IXIC) is also in the black in today's trading, earlier marking a notable turn positive for 2020 as well -- the first major index to do so since the pandemic sparked the broad market sell-off in March. Following...Read More
T-Mobile shared a profit beat and a surge in subscribers The shares of T-Mobile Us Inc (NASDAQ:TMUS) are up 6.3% to trade at$92 this morning, after the wireless provider reported first-quarter earnings of $1.10 per share, beating out Wall Street's estimates. Conversely, its $11.1 billion in revenue fell short of analyst's expectations. The firm added that its monthly bill paying subscriber count...Read More
T-Mobile shared a profit beat and a surge in subscribers The shares of T-Mobile Us Inc (NASDAQ:TMUS) are up 6.3% to trade at$92 this morning, after the wireless provider reported first-quarter earnings of $1.10 per share, beating out Wall Street's estimates. Conversely, its $11.1 billion in revenue fell short of analyst's expectations. The firm added that its monthly bill paying subscriber count...Read More
Applied Materials is running out of steam on the charts Chip name and Apple supplier Applied Materials, Inc. (NASDAQ:AMAT) is running out of steam on the charts lately, breaking down below its -20% year-to-date level, which coincides with its 10% year-over-year gain area. With the shares now forming a rising wedge breakdown pattern, and additional resistance emerging at their 200-day moving averag...Read More
The company reported a first-quarter earnings beatThe shares of PayPal Holdings Inc (NASDAQ:PYPL) are up 10.2% at $141.38, earlier touching a fresh record high of $143.85, after the company posted a first-quarter earningsbeat. The payments name also shared optimism for its second-quarter forecast, saying sales will increase as people start to return to work. In response, no fewer than 12 analysts...Read More
A handful of retail companies impacted by COVID-19 will announce earningsThe second week of May will be chock full of economic data to guide speculators on how the economy is faring amid the current COVID-19 crisis. A new Federal budget will be announced, weekly jobless claims will be unpacked, and the NFIB Small-Business Index will clue in on how larger corporations taking advantage of the genero...Read More
Etsy's first-quarter earnings fell below expectations, though the company said its April sales surgedEtsy Inc (NASDAQ:ETSY) last night posted first-quarter earnings of 10 cents per share, which came in lower than analyst estimates, on $228.06 million in revenue, which beat estimates. Etsy also forecast a higher-than-expected 90% surge in sales for its second quarter, adding thatits sales doubled i...Read More
Oil prices are joining in on the rally this morningDow Jones Industrial Average (DJI) futures are eyeing outsized gains this morning, seemingly ready to put yesterday's static trading in the rear view mirror. So far, Wall Street is pushing higher despite weekly jobless claims totaling 3.17 million, topping the expected 3.05 million, making it now eight straight weeks unemployment claims have surpa...Read More
By Dave Kranzler"If you own gold, you have money. If you don't own gold, you have a problem" - (James Turk). To that I'll add: If you don't have physical possession of your gold, you do not own goldA significant amount of gold is held as "unallocated," which is when an entity buys gold and establishes an account that is credited with value of the gold purchased. A gold bar is not actua...Read More
By: Ira EpsteinHow many small to medium sized companies go bankrupt? Restaurants in some areas will not open until late June. How will they survive?The retreat in gold is mild..Read More
It is still a range trade for gold and silver. Crude oil is rising. Copper is firm. There are buyers of physical gold ready to pay a higher premium on corrections. There are investors of gold using every small correction to invest. Gold prices are range trading. Gold bears are not holding ground. Short term silver traders are booking profit on every rise. Long term investors and physical dealers...Read More
Peter Epstein of Epstein Research looks into the Gross Overriding Royalty that just changed hands on the company's flagship Red Hill project, and discusses what it means for the firm. NuLegacy Red Hill ProjectIn late April, Metalla Royalty & Streaming acquired two royalties, one of which was a Gross Overriding Royalty (GOR) on NuLegacy Gold Corporation (NUG:TSX.V; NULGF:OTCQX) flagship Red Hi...Read More
While the broader markets have seen sharp declines, Frank Holmes, CEO and chief investment officer of U.S. Global Investors, homes in on gold, gold stocks and bitcoin, and gives his prognosis for the airlines. Streetwise Reports: Let's start with gold, which has seen an impressive rise in the last few months as the broader markets have declined on the back of the coronavirus pandemic. What do you...Read More
Goldcliff Resource also acquires 16 claims to expand its property there. Goldcliff Resource Corp. (GCN:TSX.V; GCFFF:OTCBB) made a new discovery of gold mineralization upon drilling at its Nevada Rand property in Nevada, it announced in a news release. The broad zone of mineralization demonstrated gold grades between 0.18 and 1.19 grams per ton. The zone is located at a vertical depth of only 63.0...Read More
Black Tusk Resources has expanded the land package around its PG Highway Property's Palladium/Platinum Group Elements project to 20 claims covering 1,052.3 hectares. In a news release, gold exploration company Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) announced that "after recently completing all data compilation, Black Tusk management team has decided to increase the land pack...Read More
Additional resource potential exists at Gold Standard Ventures' project in the Battle Mountain Trend. Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced in a news release the initial mineral resource estimate of the Virgin gold-silver deposit at its 2,161 hectare Lewis project in Nevada's Battle Mountain Trend.The estimate consists of an Inferred mineral resource of 7.74 million tons. T...Read More
Outcrop Gold expects the 120-hole, 13,000 meter program to extend into Q1/21. Outcrop Gold Corp. (OCG:TSX.V; MRDDF:OTCMKTS; MRG1:FSE) announced in a news release it began its Phase 2 drill program at its Santa Ana high-grade silver-gold project in Colombia.The White Rock, Canada-headquartered explorer plans about 120 core holes over 13,000 meters (13,000m) of the La Ivana target, one of nine at t...Read More