SQ has still more than doubled in 2018 despite recent strugglesShares of Square Inc (NYSE:SQ) are 2% lower at $72.09 at last check, under pressure after the company's Chief Financial Officer (CFO) Sarah Friar announced she will be leaving today, a few weeks earlier than the expected. Square stock is now down more than 29% from its Oct. 1 record high of $101.14. But if history is any indicator, no...Read More
"Our 2018 World Risk Report gives investors a clear insight into the risks facing miners in different jurisdictions. Learn more about it and see what has changed since 2017 here: https://t.co/nnscYZYjIT"Read full newsRead More
(Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.1/A (BREXIT) RECKONINGPrime Minister Theresa May’s long-awaited Brexit deal triggered a wave of ministerial resignations that has rocked her government and financial markets and raised chances of a snap election.The pound took the hardest b...Read More
The major gold miners' stocks remain mired in universal bearishness, largely left for dead. They are just wrapping up their third-quarter earnings season, which proved challenging. Lower gold prices cut deeply into cash flows and profits, and production-growth struggles persisted. But these elite companies did hold the line on costs, portending soaring earnings as gold recovers. Their absurdly-che...Read More
CVX is one of the best Dow stocks today as oil prices stabilizeThe Dow Jones Industrial Average (DJI) was down triple digits earlier, but has since swung into positive territory as surging oil prices boost blue-chip energy stock Chevron (CVX). At last check, December-dated crude futures were up 1.5% at $57.31 per barrel ahead of this afternoon's rig count -- though they're still on track for a six...Read More
NEW YORK (Reuters) - The U.S. dollar weakened and Treasury yields pulled back on Friday after a top Federal Reserve official said U.S. interest rates are near a neutral rate, while continued uncertainty over Brexit clouded currency and other markets.Oil climbed for a third session as it clawed back from steep recent losses.Wall Street’s main indexes were little changed in initial trading. Di...Read More
PARIS/CHICAGO (Reuters) - U.S. carrier Delta Air Lines (DAL.N) said on Friday it deferred delivery of 10 Airbus (AIR.PA) A350 jets and ordered 10 of the cheaper A330neo long-haul models to become the first U.S. airline to operate the next-generation of Airbus aircraft.The A330neo purchase, first reported by Reuters, is a further endorsement for the slow-selling model worth $3 billion at list price...Read More
PG&E stock is on the rebound after CPUC commentsPG&E Corporation (NYSE:PCG) stock is on pace to snapa six-day slide to 15-year lows, that as of last night's close, had the equity down 64% from its Nov. 7 close. At last check, PCG was up 40.6% to trade at $25.02, after a California Public Utilities Commission (CPUC) official eased concerns about a PG&E bankruptcy stemming from its role in the deadl...Read More
(Kitco News)- Fifteen market professionalstook part in the Wall Street survey. Nine respondents, or 60%, predicted higherprices by next Friday. There were three votes, or 20%, for both lower andsideways prices.Meanwhile, 502 peopleresponded to an online Main Street poll. A total of 311 respondents, or 60%,called for gold to rise. Another 123, or 26%, predicted gold would fall. Theremaining 68 vote...Read More
(Kitco News) - Fifteen market professionals took part in the Wall Street survey. Nine respondents, or 60%, predicted higher prices by next Friday. There were three votes, or 20%, for both lower and sideways prices.Meanwhile, 502 people responded to an online Main Street poll. A total of 311 respondents, or 60%, called for gold to rise. Another 123, or 26%, predicted gold would fall. The remaining...Read More
ZURICH (Reuters) - A decade after a U.S. crackdown ended Swiss banking secrecy, rich Americans are flocking back to UBS (UBSG.S) as they look to diversify their investments in a volatile U.S. political landscape, a senior executive at the Swiss group told Reuters.“The interest has increased, for political reasons and for reasons of diversification,” Juergen Wegner said in an interview,...Read More
B. Riley FBR waxed optimistic on the firm's leukemia drugsThe shares of penny stock Aptose Biosciences Inc (NASDAQ:APTO) are higher today, after B. Riley FBR initiated coverage with a "buy" rating. What's more, the analyst issued a $5 price target -- more than double APTO stock's current price -- and waxed optimistic on the company's "two unique first-in-class" leukemia drugs. As such, Aptose Bios...Read More
How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More
WOLFSBURG, Germany (Reuters) - Volkswagen (VOWG_p.DE) expects to become the most profitable manufacturer of electric cars thanks to a multi-billion euro expansion plan to mass produce battery driven vehicles, Chief Executive Herbert Diess said on Friday.VW will spend almost 44 billion euros ($50 billion) on developing electric cars, autonomous driving and new mobility services by 2023 and explore...Read More
EBITBRAH is the leader in finance-related durable goodsRead full newsRead More
LONDON (Reuters) - A group of eurosceptics who are leading a bid to oust British Prime Minister Theresa May might not know until Monday if they have enough letters to trigger a vote of confidence, the BBC’s political editor said on Friday.“Don’t necessarily expect to hear anything from Brady, who is the person who really knows, until Monday as to whether threshold has been reache...Read More
(Reuters) - The S&P 500 edged lower on Friday as chip stocks tumbled after weak forecasts from Nvidia and Applied Materials, but a recovery in oil prices for a third day lifted energy stocks.Nvidia Corp (NVDA.O) fell 17.9 percent, leading decliners on the S&P 500, after the chip designer blamed unsold chips piling up as the cryptocurrency mining boom fizzles out.Applied Materials Inc (AMAT...Read More
LONDON (Reuters) - British Prime Minister Theresa May won the backing of two senior ministers on Friday as she battled to defend her much-criticized draft divorce deal with the European Union as calls grew for a vote of no confidence in her leadership.More than two years after the United Kingdom voted to leave the EU, it is still unclear how, on what terms or even if it will leave the EU as planne...Read More
WASHINGTON (Reuters) - U.S. manufacturing output increased for a fifth straight month in October, shrugging off a sharp decline in motor vehicle production and suggesting underlying strength in factory activity despite signs of a slowdown in the sector.The Federal Reserve said on Friday manufacturing production rose 0.3 percent last month. Data for September was revised up to show output at factor...Read More
Pullbacks to the 320-day have been buy signals in the pastWhile Autodesk, Inc. (NASDAQ:ADSK) hasn't officially set a date to report quarterly earnings, the software concern is expected to unveil its third-quarter figures relatively soon (Thomson Reuters Eikon has a tentative date of Tuesday, Nov. 20). While several Apple suppliers have taken it on the chin in recent weeks, ADSK's recent pullback c...Read More