Goldman Sachs raised its rating on Activision Blizzard, Inc. (NASDAQ:ATVI) to "buy" from "neutral," saying the video game stock gives traders the opportunity to own a "high-quality asset at a discounted price relative to its peers." The brokerage firm also increased its 2019 and 2020 estimates for Activision on strong expectations for the company's pipeline, and lifted its price target on the secu...Read More
Stocks are set to build off Monday's record-setting session, with Dow Jones Industrial Average (DJIA) futures trading well above fair value. The S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are signaling higher opens as well, as investors prepare for today's Fed meeting, which is widely expected to result in a decision to raise interest rates tomorrow. Elsewhere, the producer price index (PPI) f...Read More
Palisade Research December 12, 2017 Category: Research With core like this, it's no surprise Mexican Gold released another barn-burner of an assay at the Eldorado/Juan Bran zone.The much-anticipated LM-17-ED- 41 yielded 14 meters of 7.18 g/t Au Eq. . . While not as eye catching as LM-17-ED-40's 38 meters of 9.24 g/t AuEq, this hole is very important for a couple reasons. . . 1.) It was drilled v...Read More
The Dow Jones Industrial Average (DJIA) finished higher today for another record close, shaking off early struggles after the attempted suicide bombing near Times Square in New York City. A strong day from energy and tech stocks drove the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) higher, with the former also netting a record close and the latter notching a four-day winning streak. Bitco...Read More
Shares of Xunlei Ltd (NASDAQ:XNET) are soaring today, as Cboe Global Markets' (CBOE) launch of bitcoin futures lifts stocks with cryptocurrency exposure. At last check, XNET stock was up 23.8% at $14.83, and bullish options trading was picking up the pace.Heading into the final 30-minute stretch of today's trading, 8,003 calls and 3,952 puts were on the tape in XNET's options pits -- 1.6 times the...Read More
Shares of BlackBerry Ltd (NYSE:BB) are up 3% at $10.55, at last check, but have pulled back since touching a two-year high of $11.78 in mid-October. However, the smartphone maker's recent dip could be a buying opportunity, if recent history repeats. Below, we'll explain why BB stock should be on your bullish radar.BlackBerry stock recently came within one standard deviation of its 160-day moving...Read More
U.S. stocks are holding modest gains this afternoon, with the Dow and S&P 500 Index eyeing record closes. Among the names making big moves are agriculture technology specialist Yield10 Bioscience Inc (NASDAQ:YTEN), gene therapy stock Spark Therapeutics Inc (NASDAQ:ONCE), and biotech Syros Pharmaceuticals Inc (NASDAQ:SYRS). Here's a quick look at what's moving shares of YTEN, ONCE, and SYRS. Monsa...Read More
Bitcoin futures began trading on the Cboe Global Markets exchange under the code XBT -- bringing more attention to the surging cryptocurrency. At last check, the January contract was trading near $17,970, after climbing as high as $18,850 earlier. The March contract, meanwhile, reached as high as $19,330, before scaling back to its present perch at $18,390. The volume has helped lift the value of...Read More
Bitcoin futures have made quite a splash, with surging demand for the cryptocurrency halting trading and temporarily shutteringCBOE's website earlier. In fact, two fund firms have reportedly already asked regulators for permission to launch an ETF on the digital currency. While Cboe Global Markets Inc (NASDAQ:CBOE) and other Bitcoin-related stocks are in focus today, one equity will likely capture...Read More
The 20 stocks listed in the table below have attracted the highest total options volume during the past 10 trading days. Stocks highlighted in yellow are new entries to the list. Data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Two names to note are biotech stocks Valeant Pharmaceuticals International, Inc. (NYSE:VRX) and Teva Pharmaceutical Industries Ltd (NYSE:TEVA). Be...Read More
U.S. stocks are modestly higher at midday, though the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) are off their session peaks. Still, the DJIA and SPX are aiming for another record close. The reported attempted suicide bombing at Times Square in New York City took some of the wind out of the bulls' sails, but a strong day for drug and tech stocks is lifti...Read More
Drug stocks are in focus this morning, including sector partners Celgene Corporation (NASDAQ:CELG) and bluebird bio Inc (NASDAQ:BLUE). The pair reported positive data on their co-developed CAR-T drug -- designed to treat patients with advanced multiple myeloma -- with 94% of patients responding to the treatment, and over half remaining in complete remission. "This is unheard of, something that we...Read More
Solar stocks are gearing up for a strong close to 2017. This morning, shares of alternative energy names, First Solar, Inc. (NASDAQ:FSLR) and SunPower Corporation (NASDAQ:SPWR) are surging after being upgraded to "outperform" from "neutral" at Baird. Below, we will take a closer look at these bullish brokerage notes, and see how the stocks are performing. First Solar Stock is Baird's 'Top Sector...Read More
Software company Adobe Systems Incorporated (NASDAQ:ADBE) is set to report earnings after the close on Thursday, and bullish expectations are building ahead of the event. Just this morning, for example, RBC raised its price target to $179 from $177, helping ADBE stock pick up 0.4% to trade at $174.27. Most analysts are already very bullish, with 19 of 23 handing out "strong buy" ratings, and opti...Read More
Bitcoin futures began trading on the Cboe Global Markets Inc (NASDAQ:CBOE) last night under the symbol XBT. The contracts attracted such heavy volume that trading had to temporarily be halted, while CBOE's website underwent delays and outages. Shares of CBOE are trading higher this morning, as are Square Inc (NYSE:SQ) and Overstock.com Inc (NASDAQ:OSTK) -- two stocks with exposure to the cryptocur...Read More
Dow Jones Industrial Average (DJIA) futures are trading above fair value this morning, as stocks try to build off Friday's strong session. In focus today are newly released bitcoin futures, which soared in their debut, resulting in a temporary halt in trading. Investors are also monitoring headlines of an explosion near Times Square in New York City. Looking ahead, the Labor Department's Job Openi...Read More
"If fed funds futures traders are correct, and if past is prologue, bulls should welcome the FOMC standing pat this week... [there's] a propensity for stocks to rally in the short term following FOMC decisions to hold rates steady, with a bias toward broad-market weakness in the immediate days and weeks following a rate hike." -- Monday Morning Outlook, October 30, 2017"For now, the short-te...Read More
Pretium Resources (TSE:PVG) was the only one of our gold stocks in positive territory over the past two monthsThis Content is Exclusive to Our MembersLogin belowRegisterLost your password?The Ubika Gold 20 Index fell 10% since our last report dated October 10, 2017, underperforming its benchmarks, the Gold Spot price and the Global Gold Index which returned, -3.1% and -8.2%, respectively. Notable...Read More
The Dow Jones Industrial Average (DJIA) finished higher today, riding a stronger-than-expected jobs report to athird straight weekly win and a record closing high. Markets also cheered the signing of a short-term spending bill that postponed a government shutdown for two weeks. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) also closed in the black, although only the former was able to ek...Read More
U.S. stocks are having a strong day after this morning's jobs report. Among the names making big moves are drug stocks SteadyMed Ltd (NASDAQ:STDY), Teva Pharmaceutical Industries Ltd (NYSE:TEVA), and La Jolla Pharmaceutical Company (NASDAQ:LJPC). Here's a quick look at what's moving shares of STDY, TEVA, and LJPC. SteadyMed Stock Takes OffSteadyMed stock has added 14.5% to trade at $3.55, thanks t...Read More