TBLT is the best stock on the Nasdaq today, tripling on a partnershipStocks are confidently in the black today, thanks to an encouraging start to earnings season. While video game maker Electronic Arts Inc. (NASDAQ:EA) is down, airliner United Continental Holdings Inc (NYSE:UAL) and home improvement name ToughBuilt Industries Inc (NASDAQ:TBLT) are pushing higher. Below, we'll take a look at what...Read More
Breaking down a massive spread on APA options todayThe shares of Apache Corporation (NYSE:APA) are lower this afternoon, after Barclays initiated coverage on the energy stock with an "underweight" rating and a $29 price target -- a discount to APA stock's current price. Nevertheless, it appears one options speculator placed a big, bullish bet on Apache shares today.At last check, the equity was do...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
Toronto-based Eastmain Resources reports the results for the last three drill holes completed in 2018 at the Percival discovery. Percival is part of the company's 100% owned Clearwater gold project in the James Bay area. The deposit is only 14 km from the Eau Claire gold project where pre-development activities are occurring.The Percival discovery is only 14 km from the 1.3-million-oz. Eau Clair...Read More
Goldman Sachs earnings are in focus todayFinancial earnings season is in full swing, with traders today cheering quarterly results from big-cap bank Goldman Sachs (GS). With earnings from Morgan Stanley (NYSE:MS) and American Express Company (NYSE:AXP) due out tomorrow, Jan. 17, options traders have been blasting the Financial Select Sector SPDR Fund (XLF). XLF Eyes Longest Win Streak Since 2014To...Read More
MineHub Technologies and IBM (NYSE: IBM) today announced a collaboration to use blockchain technology to help improve operational efficiencies, logistics and financing and reduce costs in the high-value mineral concentrates supply chain - from mine to end buyer.Goldcorp Inc. (TSX: G), ING Bank (NASD: ING), Kutcho Copper Corp. (TSXV: KC), Ocean Partners USA Inc. and Wheaton Precious Metals Corp. (T...Read More
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis.Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2019 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intelligen...Read More
Vancouver-based WPC Resources Inc. (TSXV: WPQ) announced on Wednesday that effective January 18, 2019, the company will change its name to Blue Star Gold Corp.Blue Star will be a Vancouver-based gold and silver exploration company focused on mineral exploration and development in Nunavut, Canada. Through its subsidiary, Inukshuk Exploration Inc., the company will own the 8,015 hectare Hood River g...Read More
Gold has tried to trade higher, and has failed again in the 1297/99 band..Now there is a continuation pattern...suggesting Gold goes higher...but until this pattern breaks...I would continue to play the range...with the base seen at 1285....we go below there and the market will come lower and I would be looking for 1271 minimum The research provided by Charmer Charts is provide...Read More
Gold is still outperforming several major assets on a long-term basis.This is an argument in favor of its long-term bull market continuing.Demographic trends also provide support for gold's fear component.We often discuss the importance of short-term relative price strength when evaluating the gold price in this report. What's not often looked at, though, is gold's longer-term relative strengt...Read More
(Updates prices) * British PM May's government wins no confidence vote * GRAPHIC-Gold vs currencies: By Arijit BoseBENGALURU, Jan 16 (Reuters) - Palladium rose to a recordhigh on Wednesday on increasing demand and lower supply of themetal used in auto catalysts, while gold gained on expectationsof a pause in the U.S. Federal Reserve's rate-hiking cycle.Palladium jumped to an all-time high of $1,35...Read More
NFLX will report earnings after tomorrow's closeEarnings season is about to hit high gear, and first up among the FAANG names is Netflix, Inc. (NASDAQ:NFLX), scheduled to report its fourth-quarter earnings after the close this Thursday, Jan. 17. While NFLX is known for making massive moves after its quarterly reports, the options market is expecting an even bigger-than-usual post-earnings swing i...Read More
Goldman Sachs lead the Dow with a nearly 7% gainThe Dow Jones Industrial Average (DJI) is still riding high on bank earnings -- up over 140 points at midday. Goldman Sachs (GS), in particular, is leading the blue chips with a nearly 7% gain. Apple (AAPL) stock is also higher, amid reports the company is in talks with several private Medicare plans to distribute Apple Watches to seniors. Traders a...Read More
Mortgage application volume rose 13.5 percent last week, compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.That is its highest level since February and came after a 23 percent jump the previous week. Volume was just 0.5 percent lower than a year ago.Refinance demand drove the gains, with those applications rising 19 percent for the week to t...Read More
Mexican mining-union leader and newly installed Senator Napoleon Gomez Urrutia is ready to take on companies that he says don't pay enough taxes, pollute the environment and enjoy concessions he deems are too long. Mining shares tumbled.An old foe of Grupo Mexico SAB, Gomez Urrutia is reviewing mining concessions in the country and thinks companies in the industry should contribute more to the gov...Read More
Pinduoduo has had a drama-filled history on Wall StreetPinduoduo Inc (NASDAQ:PDD) has had a tumultuous time in the public markets. The shares began trading publicly in the U.S. back in July, and since then the company has been subjected to accusations of selling counterfeit products and increased attention from short sellers. However, PDD stock is higher today following upbeat analyst attention.Sp...Read More
GS is the only Wall Street bank, so far, to report increased trading revenue The shares of Goldman Sachs Group Inc (NYSE:GS) are up 4.9% at $188.72 in early market trading, after the company announced a fourth-quarter earnings beat. In fact, the company reported an increase in trading revenue last quarter -- the only Wall Street bank, so far, to do so. Now, GS stock is pacing for its fourth straig...Read More
The stock recently climbed above two key technical levelsBarclays initiated coverage on Parsley Energy Inc (NYSE:PE) with an "overweight" rating and $38 price target -- a 103% premium to last night's close at $18.70. The brokerage firm said the Texas-based oil and natural gas firm's "steady activity program" will create a constant cash flow.In reaction to the bull note, PE stock is up 1.2% to trad...Read More
Consolidation season has finally arrived in the goldfields, just as many experts and analysts have been predicting for some time now. With exploration budgets having been slashed since their 2012 peak, and because there are today fewer and fewer ounces of gold available to be mined, one way forward for producers of all sizes will be to ramp up mergers and acquisitions (M&A) activity. The world's l...Read More
SNAP had added almost 19% in 2019 prior to todayThe shares of Snap Inc (NYSE:SNAP) are headed for trouble today, down 11.6% to trade at $5.78, after the company's Chief Financial Officer (CFO) Tim Stone resigned, the second CFO exit in 12 months. An analyst at Summit Insights Group trimmed its price target to $5, while RBC downgraded the stock to "sector perform" from "outperform." This is overs...Read More