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
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
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
NEW DELHI - India's environmental court on Monday said it will issue its judgment in one week on whether to allow Vedanta Ltd to re-open its copper smelter, which was closed earlier this year after 13 people died when police fired on protesters.A panel of experts set up by India's National Green Tribunal, informally known as the environmental court, in November said authorities in Tamil Nadu state...Read More
NEW DELHI - India's environmental court on Monday said it will issue its judgment in one week on whether to allow Vedanta Ltd to re-open its copper smelter, which was closed earlier this year after 13 people died when police fired on protesters.A panel of experts set up by India's National Green Tribunal, informally known as the environmental court, in November said authorities in Tamil Nadu state...Read More
KINSHASA - Democratic Republic of Congo's state mining company Gecamines said on Monday it would increase its stake in its Boss Mining joint venture with ENRC Africa Holdings to 49 percent after the two companies renegotiated terms.The state miner is moving to increase its take from joint ventures with international miners such as Glencore and China Molybdenum, which it accuses of not bringing eno...Read More
KINSHASA - Democratic Republic of Congo's state mining company Gecamines said on Monday it would increase its stake in its Boss Mining joint venture with ENRC Africa Holdings to 49 percent after the two companies renegotiated terms.The state miner is moving to increase its take from joint ventures with international miners such as Glencore and China Molybdenum, which it accuses of not bringing eno...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
MELBOURNE - Kidman Resources, a supplier of lithium to U.S. electric car maker Tesla said on Monday it had settled a court dispute that could have derailed joint development of a mine in Western Australia with Chile's SQM.In a statement announcing the settlement, Kidman did not specify terms. Court documents show the settlement was reached with private company Phoenix Rise and Jeffrey Hull, a reti...Read More
Last week was FDX's worst week since 2009The shares of FedEx Corporation (NYSE:FDX) are down 1.2% in electronic trading, after BofA-Merrill Lynch downgraded the shipping name to "neutral" from "buy," while slashing its price target to $220 from $304. The analyst in coverage waxed pessimist on the company's management shakeup last week, namely thedeparture of the head of the company's Express uni...Read More
James Hyerczyk16 hours agoGold Bars and DollarGold futures are trading slightly lower after giving up earlier gains that drove the market to its highest level since July 17. The early strength was fueled by follow-through buying related to Friday’s weaker-than-expected U.S. Nonfarm Payrolls report. The jobs report garnered mixed reviews with some traders describing it as “so-soȁ...Read More