PZZA stock is also seeing accelerated options tradingThe stock market is mixed today as traders digest a strong jobs report against a negative earnings reaction for Amazon. Among individual names making notable moves are weed stocks Aphria Inc (NYSE:APHA) and Cronos Group Inc (NASDAQ:CRON), as well as pizza maker Papa John's Int'l, Inc. (NASDAQ:PZZA). Here's a quick look at what's moving the share...Read More
The economic development of China is one of the most important events in the history of the world. In an unprecedentedly short time, millions of people have been taken out from poverty. But, as no country has ever developed so fast, that great story raises important worries. We invite you to read our today's article about the great progress China made in the last forty years and find out wheth...Read More
Gold futures declined Friday, following a key reading of U.S. jobs that came in better than expected and data that revealed a monthly rebound in the ISM manufacturing index. However, prices for the yellow metal still tallied a second weekly climb in a row after the Federal Reserve hinted at a pause in interest-rate hikes and amid ongoing support from various geopolitical issues, including uncertai...Read More
Gold futures declined Friday, following a key reading of U.S. jobs that came in better than expected and data that revealed a monthly rebound in the ISM manufacturing index. However, prices for the yellow metal still tallied a second weekly climb in a row after the Federal Reserve hinted at a pause in interest-rate hikes and amid ongoing support from various geopolitical issues, including uncertai...Read More
The shares have historically outperformed in FebruaryIt was a rough final quarter of 2018 for Intuit Inc. (NASDAQ:INTU), with the stock falling to a seven-month low near $183 in late December from a record high of $231.84. Since then, the shares have rallied almost 18% to trade at $215.24, and history suggests more upside could be in store for the TurboTax parent.Specifically, INTU stock has been...Read More
Vancouver's Tudor Gold Corp has outlined what it calls "Goldstorm," a new zone at the Treaty Creek property in the Golden Triangle. Treaty Creek, in which Tudor has a 60% interest and is the operator, borders Seabridge Gold's KSM project to the southwest and Pretium Resources' Brucejack mine to the southeast.Drilling northeast of the Copper Belle zone, Tudor originally thought that the zone was an...Read More
Blue chips Exxon and Chevron are higher after earningsThe Dow Jones Industrial Average (DJI) is continuing to ride tailwinds from this morning's bang-up jobs report. Positive earnings reactions for blue-chip energy stocks is fueling upside, too, with the Dow up almost 165 points at midday. Traders also digested a strong Institute for Supply Management (ISM) manufacturing purchasing managers index...Read More
• The precious metal reversed an early dip to its immediate confluence support - comprising of 50-hour EMA and ascending trend-line support held since the beginning of this week. • Technical indicators on hourly charts maintain their bullish bias and have already eased from overbought territory, supporting prospects for additional intraday gains. &nb...Read More
Precious metals refiner Asahi has won an auction for the assets of bankrupt Miami-based refiner Republic Metals Corporation (RMC), outbidding its Swiss rival Valcambi, three sources familiar with the matter said on Friday.RMC was one North America's largest precious metals refineries before it filed for bankruptcy in November.Asahi won the auction in a New York bankruptcy court on Thursday with a...Read More
The social media stock is pacing for its longest win streak in monthsThe shares of Snapchat parent Snap Inc (NYSE:SNAP) are higher this morning, after analysts at Cascend Securities upgraded the stock to "hold" from "sell" ahead of earnings next week. The brokerage firm said the company's Snapchat redesign "nightmare" is over, with the app's Android ratings on the rebound. At last check, SNAP stoc...Read More
DECK is pacing for its best session since 2017The shares of Deckers Outdoor Corp (NYSE:DECK) are soaring this morning, up 9.6% at $140.78 -- and earlier touching a record high of $146 -- after the company announced earnings and revenue that beat analysts' expectations for its fiscal third quarter. The company also issued upbeat full-year guidance. Today, DECK is pacing for its best day since May 2...Read More
* Chinese premiums rise to $10-$12 an ounce* No import duty cut in India's budget* Weak currency keeps demand subdued in Hong Kong* Japan offers discount for first time in 20 weeksDemand for physical gold gathered pace in top consumer China ahead of the Lunar New Year holiday, while activity was muted in India as jewellers held off on purchases in anticipation of the country's budget presentation...Read More
Gold prices are acting as a tailwind.KGC is likely to deliver a strong Q4 when it announces results in mid-February.The long-term outlook will depend on the company's operational performance delivered in-line with targets, and a sustained improvement in gold prices.The technical price chartand analysts' recommendations also indicate a buy at current prices.When I last wrote on Kinross Gold (KGC),...Read More
Wedbush sees more than 50% upside for the sharesApplebee's and IHOP parent Dine Brands Global Inc (NYSE:DIN) is in focus this morning following a very bullish note out of Wedbush. The brokerage firm started coverage on the equity with an "outperform" rating and $120 price target. DIN shares were last seen trading up 2.9% at $78.50, so this price target is calling for a nearly 53% rise in the secur...Read More
The shares are trading down almost 4% ahead of the bellThe shares of Opko Health Inc. (NASDAQ:OPK) are down 3.8% in electronic trading, after the Florida-based diagnostics firm said its suspending a mid-stage trial studying OPK-88004, a selective androgen receptor modulator (SARM) used on patients with benign prostatic hyperplasia. This is offsetting news the Food and Drug Administration (FDA) app...Read More
AMZN results could weigh down the tech sector, thoughU.S. stock futures are trading mixed, as traders consider this morning's surprising jobs report. Specifically, nonfarm payrolls for January showed the economy added304,000 jobs, torching estimates of 170,000 despite the government shutdown. While the unemployment rate moved up slightly to 4%, Wall Street will be wondering how the strong economic...Read More
GOLD I covered our long Gold position because as it struck 1326 it just did not want to stay up there, and the lower close after making for Gold a new Yearly high was a bit disconcerting so I covered longs at 1321 and look again....Gold needs to break this 1326 area to stand a chance of trading higher. Can we break it when the market is so overbought... I don't think so...but remember these in...Read More
Sokoman Iron (TSXV: SIC) announced that it now owns a 100% interest in the Moosehead gold property, located in central Newfoundland, Canada.In a press release, Sokoman said, as required in the option agreement it signed with Altius Resources (TSX: ALS), the company invested $500,000 in exploration expenditures as an operator within the first year of the closing of the deal.Core from one of the hol...Read More
Eldorado Gold unexpectedly changed its Kisladag development plans.The heap-leach mining will resume in Q1, without the need to build the expensive mill.Eldorado Gold should produce 390,000-420,000 toz gold this year and 520,000-550,000 toz gold next year.With the improved cash flow and no Kisladag mill expenditures, a range of new options opens up for Eldorado Gold.Shares of Eldorado Gold (EGO) ju...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More