There's a few "sneaky" tricks Wall Street doesn't want made public.While pretending to be pillars of investing intelligence and integrity...The richest, most influential billionaires on Wall Street are secretly manipulating the market - and they don't care who gets hurt in the process.It's nothing personal...They have multi-million dollar bonuses to collect and high-rise condos to buy their mistre...Read More
The Texas ruling has MOH spiraling, along with most of the healthcare sector At last check, shares of Molina Healthcare Inc (NYSE:MOH) are down 9.7% to trade at $118.94. The dramatic drop is part of a sector-wide spiral on news of a Texas judge deeming the Affordable Care Act (ACA), widely called "Obamacare,"unconstitutional, in a ruling issued late Friday. In a statement, Molina said it was "disa...Read More
The last time it sounded was around the August 2015 "flash crash"Last week, the three major market indexes fell into "correction" territory -- defined as at least 10% off their recent highs -- at the same time. It was the first time the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) were in correction territory simultaneously since around the August 2015 "flas...Read More
Stop picking losers with this strategy used by the richest investors.Forget P/E ratios and earnings per share...Forget the advice to "buy what you know" (no matter what Warren Buffett says)...Forget everything you think you know about picking stocks...The world's richest investors don't pay attention to any of that stuff. They know none of those factors impact the direction a stock's price is abou...Read More
Vancouver-based Pretium Resources has received the amended permits allowing it to expand production to 3,800 t/d at its Brucejack gold mine 65 km north of Stewart. The permits were issued by the B.C. Ministry of Energy, Mines and Petroleum Resources and the B.C. Ministry of Environment and Climate Change Strategy.Annual mill throughput will grow to 1.4 million tonnes from 990,000 tonnes, or 3,80...Read More
Assays from the Eleanore South joint venture continue to include high grade gold intersections. The JV consists of the operator and 26.6% owner Azimut Exploration, Eastmain Resources (36.7%) and Goldcorp (36.7%). The property is adjacent to Goldcorp's Eleonore gold project in the James Bay region.Highlights of recent drilling include the following:Hole ES18-133: 14.7 g/t gold over 6.2 metres,...Read More
The financial media site said Apple is attractively pricedBarron's tapped Apple Inc. (NASDAQ:AAPL) as one of its top 10 picks for 2019 (subscription required), saying the FAANG stock's "valuation looks attractive and there appears to be limited risk to current-year earnings even if one assumes a 5% to 10% decline in iPhone sales." The financial news magazine also pointed to Apple's massive buyback...Read More
All three major indexes are lower at middayThe Dow Jones Industrial Average (DJI) is trading lower once again today, earlier touching another multi-month low. On top of the troubles around blue chip Goldman Sachs (GS), traders are also digesting widespread weakness in the healthcare sector after a big Obamacare court ruling, as well as some weak economic data. Specifically, homebuilder sentiment i...Read More
Starbucks stock is ripe for more bull notesAt last check, Starbucks Corporation (NASDAQ:SBUX) stock was down 0.5% to trade at $64.79, despite receiving a price-target hike to $70 from $69 at J. P. Morgan Securities. If history is any guide, the coffee name could perk up heading into 2019 after flashing a bullish signal.Starbucks stock is now within one standard deviation of its 50-day moving aver...Read More
Thomas Franck | Ryan BrownePublished 14 Hours AgoUpdated9 Hours AgoCNBC.com U.S. government debt yields slipped on Monday amid ongoing concerns around a potential slowdown in economic growth and ahead of the Federal Reserve's December meeting.The yield on the benchmark 10-year Treasury note was slightly lower, trading at 2.868 percent, while the yield on the 30-year Treasury bond fell to 3.124 per...Read More
A quick look at some of this morning's analyst activity on Wall StreetTaking a quick look at some bullish analyst attention across Wall Street this morning, three stocks in focus are Lululemon Athletica Inc. (NASDAQ:LULU), Stanley Black & Decker, Inc. (NYSE:SWK), and Sherwin-Williams Co (NYSE:SHW). For LULU shares, Stifel became the latest brokerage firm to weigh in bullishly, upgrading its rating...Read More
If approved, the hormone-free birth control would be the first of its kindSuccessful late-stage results for its experimental birth control, Amphora, have Evofem Biosciences Inc (NASDAQ:EVFM) stock up in early trading. If approved by regulators, the gel-based, hormone-free birth control would be the first of its kind -- news that has EVFM shares up nearly 20% to trade at $4.24. The stock earlier pe...Read More
How you can transform lagging indicators into leading indicators. From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of the trading world's constant need to stay ahead of the curve since the first exchange opened its door over 200 years ago.After all, every trader is always looking for an edge... Some way to predict what will happen next... And hopefully...Read More
Short sellers have been ramping up their exposure to the retailer, tooBofA-Merrill Lynch downgraded Best Buy Co Inc (NYSE:BBY) to "underperform" from "neutral," and slashed its price target to $50 from $70 -- a discount to Friday's close. The brokerage firm cited troubling industry trends and uncertainty around sales of Apple (AAPL) products. Additionally, the analyst in coverage said the big box...Read More
Mawson Resources (TSX: MAW; US-OTC: MWSNF) has tabled a maiden resource for its Rajapalot gold-cobalt project in Finland that it says has plenty of room for expansion.The project contains a pit and underground constrained 4.3 million inferred tonnes grading 2.3 grams gold per tonne and 430 ppm cobalt, or 3.1 grams gold equivalent, for 320,000 oz. gold and 1,841 tonnes cobalt. Unconstrained, the p...Read More
Canada Cobalt Works of Coquitlam, B.C., says that two widely spaced drill holes have intersected an apparent syenite hosted gold system east of the historic Castle cobalt-silver mine 75 km from Kirkland Lake, near Gowanda.The drill program east of the mine is targeted at high grade gold zones associated with a previously undiscovered major fault structure. A new hole has been collared to intersec...Read More
The shares are on track to retake a key trendline todayThe shares of Barnes & Noble, Inc. (NYSE:BKS) are up 4.9% in electronic trading, after Craig-Hallum upgrade the book retailer to "buy" from "hold," while boosting its price target to $10 from $7. The new price target represents territory BKS hasn't traded near since March 2017, and is a 54% premium from Friday's closing perch of $6.49. Today'...Read More
The financial firm has been charged in the 1MDB scandalStocks are set to pick up right where they left off on Friday, with Dow Jones Industrial Average (DJI) futures trading well below fair value. Today's pressure is coming from Goldman Sachs (GS), with the shares down more than 2% in pre-market trading, on news Malaysia has charged the big-cap bank and two of its former employees in connection wi...Read More
Avino Silver and Gold Mines of Vancouver is very pleased with the initial assay results from the drilling of the 27 vein extension target at the Bralorne mine near Gold Bridge. The company says the results confirmed the continuity of the vein up dip from the area of historic production.The highest assay was 29.56 g/t gold over 0.88 metre (all true widths). Other holes 3.24 g/t over 2.3 metres and...Read More
The bears haven't even begun to smell blood"An immediate risk to bulls... is the big put open interest lingering at the SPY 260 strike, a large majority of which was bought to open... big put open interest strikes like this can sometimes act as a magnet due to 'delta hedging', which occurs when sellers of the puts are forced to sell S&P futures to hedge their positions ... Admittedly, this is a t...Read More