The shipping stock was put under pressure by Amazon fears Subscribers to our Weekly Options Countdown service recently tripled their money with the United Parcel Service, Inc. (NYSE:UPS) weekly 12/7 117-strike put. We'll take a closer look at what initially put UPS stock on our bearish radar, and how the winning options trade unfolded.When we entered the position on Monday, Dec. 3, the shippin...Read More
Powell has recently came up with the metaphor of wandering in the darkness. Will golden sunshine brighten the dark? I Am the Fed Chair and I Know Nothing On November 14th, Powell discussed global perspectives in Dallas Fed with its President, Robert Kaplan. He characterized the Fed's stance, providing an interesting analogy: A non-economic example [of the approach adopted by the Fed] wo...Read More
Gold futures notched a gain on Thursday, with the precious metal finding some haven demand alongside a weaker dollar index and sharp tumble in stock trading. "If gold was ever going to stage a meaningful rally it will be now: stocks and yields are falling and dollar is isn't doing too great either, apart from against commodity currencies, owing to the ongoing risk-off trade," said Fawad Razaqzada,...Read More
Gold futures notched a gain on Thursday, with the precious metal finding some haven demand alongside a weaker dollar index and sharp tumble in stock trading. "If gold was ever going to stage a meaningful rally it will be now: stocks and yields are falling and dollar is isn't doing too great either, apart from against commodity currencies, owing to the ongoing risk-off trade," said Fawad Razaqzada,...Read More
Adobe and Costco will highlight a quiet earnings weekNext week, traders will digest the latest inflation data ahead of the Dec. 19 Federal Open Market Committee (FOMC) policy statement, with the Fed expected to hike interest rates one more time in 2018. In addition, the weekly crude inventories report could merit extra attention, on the heels of this week'sOrganization of the Petroleum Exporting C...Read More
The security has pulled back to a trio of supportive trendlinesDollar General Corp. (NYSE:DG) on Tuesday cut its full-year guidance, citing hurricane costs and potential tariff ramifications. As such, DG shares dropped 6.8% that day -- their worst session since May. However, the security is flashing a trio of historical buy signals, suggesting now may be time to pick up DG on sale.The equity is ba...Read More
F stock is trading down 2% today on new U.S.-China tensionsThe shares of Ford Motor Company (NYSE:F) are trading down 2.7% today at $8.94, after the high-profile arrest of a Huawei exec casts exacerbates U.S.-China trade tensions. While today's retreat is finding a familiar floor in the $9 neighborhood, one options trader is positioning for an even bigger slide into the new year.At last check, rou...Read More
The brokerage firm sees a number of revenue growth opportunitiesBofA-Merrill Lynch upgraded Arista Networks Inc (NYSE:ANET) stock to "buy" from "neutral," and reiterated its $300 price target -- a nearly 31% premium to Tuesday's close. The brokerage firm cited potential growth opportunity in new markets like routing and wireless LAN, given "management's excellent execution history."As such, ANET...Read More
NEW YORK, Dec 6 (Reuters) - Gold-backed exchange-traded funds (ETFs) registered inflows in all the world's major regions in November, as volatile stock markets fueled flight-to-safety buying, the World Gold Council said on Thursday.North American funds had inflows of $352.7 million while European funds posted inflows of $371.9 million last month, according to figures provided by the Council. It wa...Read More
Barrick Gold Corporation ("Barrick" or the "Company") today announced management changes within the Company's North America region.Michael Brown, currently President, Barrick U.S.A., will be retiring from the Company on December 31, 2018. Mr. Brown has been with Barrick since 1994, and has played a key role in the growth and development of the Company's U.S. operations over two-and-a-half decades....Read More
Early investors stand to reap the rewards as a new technology looks to change everything.One research firm - which recommended Google and Amazon before they became household names - has built a worldwide reputation of identifying profitable tech trends well before Wall Street and the talking heads on T.V.And just recently, they've uncovered a technology that's already being labeled "humanity's las...Read More
Wall Street's fear gauge is eyeing its highest close since FebruaryU.S. stocks are selling off today, with the Dow Jones Industrial Average (DJI) down more than 650 points at midday, amid renewed concerns about global trade. The likelihood of a long-term U.S.-China trade deal is in question, following the high-profile arrest of Huawei Chief Financial Officer Meng Wanzhou, which has sent the tech...Read More
Stifel downgraded one stock and cut its price target on the otherTech stocks are once again in the spotlight today, as the arrest of Huawei's CFO sends shockwaves through the sector, and threatens U.S.-China trade relations. Meanwhile, FAANG stocks Facebook Inc. (NASDAQ:FB) and Netflix, Inc. (NASDAQ:NFLX) are in Stifel's crosshairs, with the brokerage firm downgrading one and cutting its price tar...Read More
Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years, a new study shows.According to the 11th annual EY survey of 250 executives, the topic was listed sixth in the list of the ten major risks facing mining and metals firm in 2019-2020. Other challenges listed by the participants were rising national...Read More
ONTARIO - Toronto-based McEwen Mining has announced plans to spend $20 million for exploration on its properties near Timmins. The company will offer approximately 6.0 million flow-through shares priced at $3.02 each.McEwen says the offer price represents a premium of 25% over the closing price of its common shares on the TSX as of Dec. 5, 2018.The most promising exploration program in 2018 was...Read More
Most of its sector peers are trading lower today, thoughMarvell Technology Group Ltd. (NASDAQ:MRVL) is bucking broader tech headwinds today, after the chipmaker reported adjusted third-quarter profit of 33 cents per share on $851 million in revenue -- more than analysts were expecting. And even though company forecast a roughly 10% decline in current-quarter storage revenue, MRVL stock is up 3% in...Read More
A high-profile Chinese tech exec was arrested in Canada at the request of the U.S.Stocks are set to pick up right where they left off on Tuesday, with Dow Jones Industrial Average (DJIA) futures trading 350 points below fair value at last check. Today's selling appears to be sparked by news that Canadian authorities have detained Huawei Chief Financial Officer Meng Wanzhou at the request of the U....Read More
Newmont Mining Corp on Thursday updated its five-year production outlook and said it expects gold production for 2019 to be in the midpoint of its previous forecast.The Colorado-based miner sees 2019 output at 5.2 million ounces of gold, from an earlier forecast range of 4.9 million ounces to 5.4 million ounces.The company expects production in 2019 to be driven by its recently completed Subika Un...Read More
Stifel has downgraded CNAT, while others issued price-target cutsThe shares of Conatus Pharmaceuticals Inc (NASDAQ:CNAT) are down a whopping 50% in electronic trading, after the drug developer's mid-stage study of a treatment for fatty liver disease failed to meet its main goals. In response, Stifel downgraded the stock to "hold" from "buy," while slashing its price target to $4 from $10. In add...Read More
NEVADA - Premier Gold Mines of Thunder Bay, Ont., has provided an update on development at the South Arturo joint venture in the Carlin Trend. Construction of the Phase One open pit and the El Nino underground mine are progressing well.The El Nino underground deposit is the down-plunge extension of the Phase Two pit that was mined in 2016-17. Initial gold production is expected late next year. R...Read More