Gold stocks Articles

Delta says it defers 10 Airbus A350 jets, orders 10 A330neo

Friday November 16, 2018 11:52 / Kitco News

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

PCG Stock Set to Snap Losing Streak Amid Bankruptcy Bailout Buzz

Nov 16, 2018 11:51 AM / Lillian Currens

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

Wall Street and Main Street are both bullish in the weekly Kitco News gold survey.

Friday November 16, 2018 11:38 / Kitco News

(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

UBS lures more money from U.S. super rich to Switzerland

Friday November 16, 2018 11:30 / Kitco News

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

Analyst: This Drug Stock Could Double

Nov 16, 2018 11:22 AM / Andrea Kramer

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

Become a Master of Moving Averages

Nov 16, 2018 11:16 AM / VantagePoint Trading Software Sponsored

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

VW embarks on $50 billion electrification plan

Friday November 16, 2018 11:09 / Kitco News

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

Number of letters to oust UK PM May might not be known until Monday: BBC

Friday November 16, 2018 10:56 / Kitco News

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

S&P 500 edges lower on chip weakness, oil boosts energy stocks

Friday November 16, 2018 10:55 / Kitco News

(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

UK PM May defends Brexit deal as talk of no-confidence vote grows

Friday November 16, 2018 10:53 / Kitco News

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

U.S. manufacturing production rises steadily in October

Friday November 16, 2018 10:41 / Kitco News

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

Apple Supplier Stock On Sale

Nov 16, 2018 10:33 AM / Andrea Kramer

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

U.S. envoy to Japan defends trade policies, say not protectionist

Friday November 16, 2018 10:27 / Kitco News

TOKYO (Reuters) - The United States ambassador to Japan defended his country’s trade policies on Friday, saying they were not protectionist and were aimed at creating a more level playing field for American companies.“The United States is the most open major economy in the world,” Ambassador William Hagerty told reporters at the Japan National Press Club.“Japan and other co...Read More

Brexit front and middle in light week for data

Friday November 16, 2018 10:27 / Kitco News

LONDON (Reuters) - Brexit will be foremost in investors’ minds in the coming week, though a smattering of data will offer further indications as to how much global economic growth, bogged down by politics and trade wars, is slowing.British Prime Minister Theresa May is fighting for her political life after the draft divorce deal she agreed with the European Union provoked an exodus of senior...Read More

Wall Street opens lower as Nvidia hammers tech stocks

Friday November 16, 2018 10:25 / Kitco News

(Reuters) - U.S. stocks opened lower on Friday, as technology companies suffered sharp losses following disappointing forecasts from chip companies Nvidia and Applied Materials.The Dow Jones Industrial Average .DJI fell 46.92 points, or 0.19 percent, at the open to 25,242.35. The S&P 500 .SPX opened lower by 11.66 points, or 0.43 percent, at 2,718.54. The Nasdaq Composite .IXIC dropped 65.43 p...Read More

JD Stock Aims to End Earnings Slump

Nov 16, 2018 10:23 AM / Josh Selway

JD shares are hovering above recent lows ahead of earningsChinese e-commerce powerhouse JD.com, Inc. (NASDAQ:JD) has seen its stock price plummet in recent months, even compared to the broad-market struggles. The shares have underperformed the S&P 500 Index by more than 25 percentage points during the past three months, while holding near two-year-low territory under the pressure of their 50-day m...Read More

Analyst: Home Depot Earnings Beats May Get Smaller

Nov 16, 2018 10:16 AM / Patrick Martin

HD's rough week has it below its year-to-date breakeven levelThe shares of Home Depot Inc (NYSE:HD) are down 0.5% to trade at $176.54 this morning, near the bottom of the Dow, after BofA-Merrill Lynch downgraded the home improvement retailer to "neutral" from "buy" while slashing its price target to $195 from $219. The analyst in coverage sees 2018 as peak earnings growth for HD, and that "the bea...Read More

Analysts Race to Cut NVDA, AMAT Price Targets After Earnings

Nov 16, 2018 9:56 AM / Karee Venema

Both chip stocks are gapping lower on weak current-quarter guidanceThe shares of Nvidia Corporation (NASDAQ:NVDA) have plunged 18.2% to trade at $166.30 -- fresh off a new annual low of $164.85, and headed for their worst day since July 3, 2008. This is a stinging reaction to the chipmaker's third-quarter earnings report, which beat on the bottom line, but revenue of $3.18 billion fell short of ex...Read More

GFMS: Global Silver-Market Surplus Increasing In 2018

Friday November 16, 2018 09:14 / Kitco News

(Kitco News) - The surplus in the global silver market will rise to 35.3million ounces in 2018, an increase from 2.4 million in 2017, the GFMS team atRefinitiv reported late Thursday.Johann Wiebe, lead analyst for the GFMS team, reported onthe GFMS/Silver Institute Interim Silver Market Review during the annual silverindustry dinner hosted by the Silver Institute. The report includes provisionalsu...Read More

Euro zone inflation confirmed at six-year high in October

Friday November 16, 2018 09:12 / Kitco News

BRUSSELS (Reuters) - Euro zone inflation rose in October at its fastest pace in nearly six years, driven by energy prices, the European Union statistics agency said on Friday, confirming its earlier estimate.The core inflation measure which excludes energy and food was revised down.Eurostat said that consumer prices in the 19 countries sharing the euro rose 2.2 percent year-on-year in October afte...Read More