U.S. production of lithium is set to increase 1,300% in the next 2 years.Who wouldn't be happy with 614% gains in a very short amount of time?Well that's what one lithium mining stock did in just under 12 months. But only Australians could reap the rewards of that slam-dunk.Until now that is. The very same "secret sauce" that led to that stock's meteoric rise is now being implemented here in Ameri...Read More
Amarc Resources (TSXV: AHR; US-OTC: AXREF) has identified five clusters of drill ready targets that cover areas ranging from 1.5 sq. km to more than 5 sq. km during 2018 exploration at its JOY copper-gold project in north-central B.C.'s Toodoggone region.Hudbay Minerals (TSX: HBM; NYSE: HBM) funded the $2.5 million exploration program. It also spent $1.15 million in 2018 to help Amarc acquire un...Read More
The major equity benchmarks are higher for a second straight dayU.S. stocks are enjoying broad gains at the halfway point today. While a strong day for Nike (NKE) is lifting the Dow Jones Industrial Average (DJI), tech and energy stocks are some of the strongest performers, helping boost the S&P 500 Index (SPX) and Nasdaq Composite (IXIC). Traders continue to respond to the positive headlines surr...Read More
AMZN's 320-day moving average contained its sharp pullback in OctoberThe struggles of Amazon.com, Inc. (NASDAQ:AMZN) and its FAANG peers were well-documented amid the broad market sell-off. Today, though, AMZN is up 0.9% to trade at $1,654, after Cowen named the stock its best idea for 2019. More specifically, the brokerage firm waxed optimistic about the company's Prime and Amazon Web Services bu...Read More
"I think things have improved, but then I think there are gigantic holes in the system," Yellen says.The former Fed chair cites leverage loans as an area of concern and says there remains an agenda of unfinished regulation.She also says rates will remain lower than they have been in past decades.Steve Liesman| @steveliesmanPublished 13 Hours AgoUpdated6 Hours AgoCNBC.com show chapters Yellen wa...Read More
The brokerage firm set a Street-low price target on the Inbrija parentThe shares of Acorda Therapeutics Inc (NASDAQ:ACOR) are spiraling today, after Goldman Sachs downgraded the drug stock to "sell" from "neutral," and nearly halved its price target to $10 from $19 -- a roughly 50% discount to last night's close, and the lowest target on Wall Street. The brokerage firm expects Ampyra revenue to ea...Read More
DA Davidson: The NutriSystem deal shows WTW is undervaluedNews that Tivity Health (TVTY) boughtNutriSystem (NTRI) helped Weight Watchers International, Inc. (NASDAQ:WTW) stock snap a three-day losing streak yesterday. What's more, an analyst at DA Davidson said that based on the same valuation metrics of the NTRI deal, WTW stock is undervalued by 15% to 36%. Further, the analyst reiterated a "buy...Read More
Many base projections about the market based upon recent history.Markets are not linear, so our analysis should not be.The market is providing us with signs of strong storm clouds developing over the next few years.When will the next great gold bull market begin? What's the delay?Are there 50x returns waiting at current crypto prices?The story behind the interview: Stocks (SPY), gold (GLD), an...Read More
• The precious metal trimmed a part of its daily gains to $1250 area and is currently placed at the lower end of an intraday ascending trend-channel formation. Gold 15-mins. chart • Looking at a slightly higher time-frame (1-hourly chart), the commodity has been showing resilience below 50-hour SMA and near a short-term ascending trend-line. 1...Read More
However, don't give up hope for a Santa Claus rallyDecember -- a historically bullish month -- started out rough for U.S. stocks, amidmixed signals on U.S.-China trade relations, concerns about bond yields and oil prices, and a high-profile arrest, just to name a few reasons. In fact, the S&P 500 Index (SPX) was down 4.44% as of yesterday's close, which marked the fifth trading session of the mont...Read More
The shares have found support at their 80-day trendline and +10% YTD return Taco Bell parent Yum! Brands, Inc. (NYSE:YUM) has shown resiliency during the recent broad-market sell-off, with all pullbacks since mid-October neatly contained by the stock's rising 80-day moving average. What's more, the security found a new layer of support at its +10% year-to-date return during last week's retreat fro...Read More
South African gold output contracted for a 13th consecutive month in October, the longest streak of declines in six years, as the industry battles unprofitable mines and labor strikes.Gold production declined 15.1 percent from a year earlier, the Pretoria-based statistics office said Tuesday in a statement on its website. Total mining output rose 0.5 percent.Key insights:Dwindling output has cut g...Read More
The brokerage firm initiated coverage with an "outperform" ratingLeerink initiated coverage on CVS Health Corp (NYSE:CVS) with an "outperform" rating and $100 price target -- a 36.4% premium to last night's close. The brokerage firm called concerns over the company's in-house pharmacy benefits manager (PBM) exaggerated, and waxed optimistic over CVS' cost savings forecast following its Aetna buyou...Read More
Australian gold miner Newcrest Mining (ASX:NMC) is betting big on Chile's geological gold potential by closing two deals with exploration juniors in the South American country, the world's top copper producer.The Melbourne-based company kicked off the week by signing an option agreement with Canada's Cornerstone Capital (TSX-V:CGP), which could result in the gold miner acquiring up to a 75% int...Read More
Australian gold miner Newcrest Mining (ASX:NMC) is betting big on Chile's geological gold potential by closing two deals with exploration juniors in the South American country, the world's top copper producer.The Melbourne-based company kicked off the week by signing an option agreement with Canada's Cornerstone Capital (TSX-V:CGP), which could result in the gold miner acquiring up to a 75% int...Read More
TRV's 200-day moving average has been resistance for monthsTravelers Companies Inc (NYSE:TRV) is trading up 0.9% this morning at $124.18, trying to overcome a bear note out of RBC. The brokerage firm downgraded the insurance giant to "sector perform" from "outperform" and dropped its price target to $133 from $143. Citing the California wildfires and Hurricane Michael, RBC lowered its fourth-quart...Read More
ENTX is on track to trade near its late-October highsThe shares of Entera Bio Ltd. (NASDAQ:ENTX) are up 26.3% in electronic trading, after the biotech name announced a licensing deal with Amgen (AMGN) to collaborate on oral treatments for inflammatory diseases and other serious illnesses. Entera will receive up to $270 million in milestone payments, and will retain all property rights to its oral...Read More
Trump tweeted about "productive conversations" with BeijingFollowing Monday's volatile session, Dow Jones Industrial Average (DJIA) futures are trading more than 375 points above fair value this morning on news of fresh trade talks between Washington and Beijing. In addition to an overnight phone call between Treasury Secretary Steven Mnuchin, U.S. Trade Representative Robert Lighthizer, and Chine...Read More
Getty ImagesMorning Glory Diner in Philadelphia, Pennsylvania. The numbers: The National Federation of Independent Business small-business optimism index fell 2.6 points in November to a seasonally adjusted level of 104.8, the lowest in seven months. Most of the decline coming from expectations about future sales and business conditions. What happened: No components of the index gained during...Read More
Fred Imbert| @foimbertPublished 16 Hours AgoUpdated2 Hours AgoCNBC.com show chapters Citi's top strategist says this is why he's betting on the bulls into the end of the year and beyond 2 Hours Ago |04:31 The Dow Jones Industrial Average closed lower on Tuesday after alternating between gains and losses throughout the session in the latest bout of market volatility.Th...Read More