The brokerage firm also lifted its price target on the stockThe shares of Glu Mobile Inc. (NASDAQ:GLUU) are trading up 5.6% at $7.48, after Cowen and Company named the mobile app maker their best pick for 2019. The brokerage firm also raised its GLUU price target to $9.50 from $8 -- territory not charted since November 2007 -- saying the stock's current price discounts next year's launches, which...Read More
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
Gold futures ended with a loss on Monday, pulling back from the nearly five-month high they settled at late last week, as the U.S. dollar strengthened at the expense of the British pound. Gold for February delivery GCG9, +0.24% on Comex fell by $3.20, or 0.3%, to settle at $1,249.40 an ounce, while March silver SIH9, +0.42% lost 0.6% to $14.605 an ounce. Read: Silver is primed to take the spotl...Read More
Gold futures ended with a loss on Monday, pulling back from the nearly five-month high they settled at late last week, as the U.S. dollar strengthened at the expense of the British pound. Gold for February delivery GCG9, +0.00% on Comex fell by $3.20, or 0.3%, to settle at $1,249.40 an ounce, while March silver SIH9, -0.21% lost 0.6% to $14.605 an ounce. Read: Silver is primed to take the spotl...Read More
Two brokerage firms issued price-target hikes in responseThe shares of Xperi Corp (NASDAQ:XPER) are up a whopping 45.5% to trade at $18.63, leaping higher after settling all legal matters with Samsung Electronics over a new patent license agreement. In addition, the tech company also raised its fourth-quarter and fiscal year outlook. Two brokerage firms have issued price-target hikes in response,...Read More
The president is reportedly changing his tune on defense spendingDefense stocks are higher today, bucking the broad-market sell-off, amid reports that President Donald Trump is performing an about-face on defense spending. The president in October said the defense budget for 2020 would be $700 billion, about a 5% cut, but rumor has it he told Defense Secretary Jim Mattis to submit a $750 billion b...Read More
Longitudinal section of the Goldboro deposit looking north. (Image: Anaconda Mining)NOVA SCOTIA - Anaconda Mining of Toronto has filed an updated 43-101 report for the resources at its Goldboro gold project 175 km northeast of Halifax. The deposit is now thought to contain 3.8 million measured and indicated tonnes grading 4.96 g/t gold and containing 602,700 oz. The inferred estimate is 2.1 millio...Read More
CHILE - Over the last 15 years, Newcrest Mining has discovered gold deposits in Australia, Papua New Guinea and Indonesia and continues to explore and evaluate prospects in those countries as well as in many others including Fiji, North America, Mexico, Cote d'Ivoire, Chile, Argentina, and Ecuador.This week it signed an option agreement in Chile to earn up to a 75% interest in Cornerstone Capital...Read More
The Dow is down roughly 1.5% at middayU.S. stocks are getting hammered once again, as fear continues to grip Wall Street. The Dow Jones Industrial Average (DJI) and its index peers are all falling fast, last seen near session lows, putting the Dow and S&P 500 Index (SPX) in territory not seen since early May. The financial sector is leading the downturn, while energy shares are also getting whacke...Read More
FIVE has added 48% year-to-dateThe shares of Five Below Inc (NASDAQ:FIVE) are up 2.9% to trade at $98.21 today, after Loop Capital upgraded the discount retailer to "buy" from "hold," while nudging its price target up to $120 from $110. The analyst in coverage is encouraged by the company's improving merchandise and brand awareness, and believes it is "more economic downturn resistant" than oth...Read More
X hit a 17-month low earlier on a mixed analyst noteIt's a volatile session on Wall Street today, and United States Steel Corporation (NYSE:X) is no exception. X shares jumped 1% at the open after UBS upgraded the steel stock to "neutral" from "sell," saying its 2018 decline has created an attractive valuation. However, the brokerage firm also cut its price target to a Street-low $22, down from $2...Read More
Gold price formed a solid support base near the $1,232 and $1,233 levels against the US Dollar. The price of XAU/USD started a nice upward move and broke the $1,235, $1,238 and $1,240 resistance levels to move into a positive zone. Buyers even pushed the price above the $1,244 resistance area. The price tested the $1,250 resistance area and it is currently consolidating gains. It is testing the 2...Read More
It's the first signal of its kind since October 2015Just before the Thanksgiving holiday, the National Association of Active Investment Managers (NAAIM)exposure index was sitting at its lowest point since February 2016, at 30.55. In other words, active money managers were very limited in their overall equity exposure, as the S&P 500 Index (SPX) was testing its October lows. However, NAAIM bulls ha...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
Getty ImagesJob openings in the United States rose slightly in November to just over 7 million. The numbers: The number of job openings in the U.S. rose slightly in October to just over 7 million and clung close to a record high, signaling that companies are still seeking to hire more workers to keep up with rising sales. Read: U.S. gains 155,000 jobs, unemployment stays at 3.7% What happened...Read More
Alacer Gold (TSX: ASR; US-OTC: ALIAF) has tabled a maiden resource for its Ardich gold deposit, located 6 km northeast of its 80% owned Copler gold mine in east-central Turkey. The current resource is within areas 80% owned by Alacer.Ardich contains 6.92 million measured and indicated tonnes grading 1.32 grams gold for 294,000 oz. gold. It also contains 2.2 million inferred tonnes at 1.2 grams gol...Read More
There's been a heavy dose of M&A and activist chatter this morningNutriSystem Inc. (NASDAQ:NTRI) stock is trading up 31.3% today at $44.90, following news the dieting expert is being bought by Tivity Health Inc (NASDAQ:TVTY) for $1.4 billion, or $47 per share. The shares had been trading around their downtrending 200-day moving average since early November, moving further away from their 52-week p...Read More
• A modest USD rebound prompts some profit-taking at higher levels. • Fed rate hike pause talks might help limit any immediate sharp fall. Gold extended its steady decline from five-month tops and is currently placed at the lower end of its daily trading range, around the $1246 level. With investors looking past Friday's disappointing US mon...Read More
ABIDJAN - Ivory Coast plans to double gold production by 2025, its vice president said on Monday, as the west African country strives to revive its long-neglected mining sector.Ivory Coast, the world's top cocoa producer, is seeking to diversify revenues by increasing gold output from 25 tonnes last year to 50 tonnes between 2020 and 2025, said Daniel Kablan Duncan at the opening of an ECOWAS meet...Read More
The bull note comes on the heels of positive mid-stage study dataThe shares of Marinus Pharmaceuticals Inc (NASDAQ:MRNS) are up 11.2% to trade at $5.75, after the biopharmaceutical firm saidits postpartum depression drug, ganaxolone, was well-tolerated in a mid-stage study, and that patients showed no serious side effects to the treatment. Cantor Fitzgerald was quick to chime in, underscoring its...Read More