The stock tends to rally after pullbacks to its 320-day trendlineThe shares of Waste Management, Inc. (NYSE:WM) rallied to a record high of $95.49 in early December, before pulling back sharply with the broader stock market -- down 1.3% today at $85.78. However, the waste removal stock is now trading near a trendline with historically bullish implications, hinting at a strong start to the new year...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...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
The U.S.-China trade war that's ravaged most commodities failed to dent 2018's best-performing major metal. Many analysts don't see much standing in the way of further gains in 2019.Shortages of palladium sent prices of the commodity used in autocatalysts to a record this year, at times surging past gold to become the most precious of major metals. Citigroup Inc. sees no supply relief soon. Users...Read More
No sector has managed to avoid the market's weaknessThe Dow Jones Industrial Average (DJI) is holding in negative territory today, giving back a chunk of yesterday's record-setting gains. Almost all sectors are trading in the red today, as investors digest not only a bigger-than-expected drop in consumer confidence this month, but some troubling geopolitical headlines, as well. In the meantime, th...Read More
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced this week that it has acquired 12,500,000 common shares of Sun Metals (TSX.V: SUNM) a Vancouver-based mineral exploration company.The shares were acquired for an aggregate purchase price of $3.5m, and were acquired privately on Dec. 20, 2018 pursuant to a donation arrangement. As a result, Teck holds approximately 13.8%...Read More
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced this week that it has acquired 12,500,000 common shares of Sun Metals (TSX.V: SUNM) a Vancouver-based mineral exploration company.The shares were acquired for an aggregate purchase price of $3.5m, and were acquired privately on Dec. 20, 2018 pursuant to a donation arrangement. As a result, Teck holds approximately 13.8%...Read More
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced this week that it has acquired 12,500,000 common shares of Sun Metals (TSX.V: SUNM) a Vancouver-based mineral exploration company.The shares were acquired for an aggregate purchase price of $3.5m, and were acquired privately on Dec. 20, 2018 pursuant to a donation arrangement. As a result, Teck holds approximately 13.8%...Read More
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced this week that it has acquired 12,500,000 common shares of Sun Metals (TSX.V: SUNM) a Vancouver-based mineral exploration company.The shares were acquired for an aggregate purchase price of $3.5m, and were acquired privately on Dec. 20, 2018 pursuant to a donation arrangement. As a result, Teck holds approximately 13.8%...Read More
Fed Chair Jerome Powell will speak on FridayNext week's schedule will be slightly abbreviated on Wall Street, with markets closed on Tuesday for New Year's Day. Despite the shortened week, Thursday and Friday will bring a flurry of economic data. Specifically, jobless claims, the Institute for Supply Management (ISM) manufacturing index, and the nonfarm payrolls report for December will all be re...Read More
Russia's state-owned nuclear power company Rosatom has offered Chile's government technology it says can boost output of lithium, a key ingredient in electric vehicle batteries, according to lobbyist transparency filings reviewed by Reuters.In separate meetings in late November, lobbyists for the Uranium One Group, a wholly owned subsidiary of Rosatom, told officials at two Chilean agencies they c...Read More
Russia's state-owned nuclear power company Rosatom has offered Chile's government technology it says can boost output of lithium, a key ingredient in electric vehicle batteries, according to lobbyist transparency filings reviewed by Reuters.In separate meetings in late November, lobbyists for the Uranium One Group, a wholly owned subsidiary of Rosatom, told officials at two Chilean agencies they c...Read More
The shares are failing to capitalize on the upgrade, thoughBofA-Merrill Lynch upgraded Pattern Energy Group Inc (NASDAQ:PEGI) to "neutral" from "underperform," calling the renewable energy stock's recent sell-off overdone. The shares have shed 7.4% this quarter, and while the analyst in coverage expects a bottom to be near, they lowered their PEGI price target to $18.50 from $20.Most analysts are...Read More
JD shares are up this morning on reports of restructuring JD.com Inc (NASDAQ:JD) shares are up 3.3% to trade at $21.83, at last check. Earlier today, it was reported that the Chinese e-commerce giant plans to restructure its JD Mall unit into threedepartments, according to an internal document cited by the Wall Street Journal. The article said the revamp is a chance to "change the narrative" (sub...Read More
WATT has made big moves in 2018Energous Corp (NASDAQ:WATT) is trading 38.3% higher this morning at $6.37, following news the company's sound amplification device, Delight, has been approved for sale in the U.S. by the Federal Communications Commission (FCC). The Delight PSAP is similar to a hearing aid, but will be available without a prescription. Back in September, WATT stock got a bump after it...Read More
(This article first appeared May 2017)Nealite [Pb4Fe(AsO3)2Cl4 ?2H2O] From an ancient slag site in Greece, formed by slag meeting seawater. Credit RRUFF.For the first time, more than 200 mineral species have been identified that originated either principally or exclusively due to human activities - primarily as a result of mining.The study, led by Robert Hazen of the Carnegie Institution for Scie...Read More
In April 2014, Mary Barra sat on Capitol Hill listening to accounts of families who'd lost a member while driving in a General Motors Co. Chevrolet Cobalt that malfunctioned. Months earlier, she'd been handed the reins of the largest U.S. car company.Defects that the company had failed to disclose for more than a decade led to the recall of almost 3 million small vehicles. The crisis shattered tru...Read More
The shares have slid 28% since their early November peakThe shares of CBS Corporation (NYSE:CBS) have been making a beeline lower since topping out near $60 in early November. According to Loop Capital, though, this sell-off has created an "extraordinarily attractive purchase price for the shares." The brokerage firm reiterated its "buy" rating on CBS stock, while lowering its price target to $59...Read More
Earlier this year, Crown Mining (TSXV: CWM) bought 100% of the Moonlight-Superior property in northeastern California for $375,000 in cash and 2.75 million shares.The land package is best known for its Superior and Engels deposits, which produced over 161 million lb. copper as underground mining operations between 1915 and 1930.But the property, 200 km northeast of Sacramento and 145 km northwes...Read More
Earlier this year, Crown Mining (TSXV: CWM) bought 100% of the Moonlight-Superior property in northeastern California for $375,000 in cash and 2.75 million shares.The land package is best known for its Superior and Engels deposits, which produced over 161 million lb. copper as underground mining operations between 1915 and 1930.But the property, 200 km northeast of Sacramento and 145 km northwes...Read More