Bear notes are sinking shares of GCO, IRBT, and ANStocks are surging again today, as the Dow looks to lock up its fourth straight win. However, apparel retailer Genesco Inc. (NYSE:GCO), Roomba maker iRobot Corporation (NASDAQ:IRBT), and car dealer AutoNation, Inc. (NYSE:AN) are all lower today after receiving some bearish analyst attention. Below, we will take a closer look at howshares of GCO,...Read More
BEIJING (Reuters) - China’s commerce ministry said on Tuesday it is raising “anti-dumping tariff rates” for some optical fiber products originating from the United States, effective on Wednesday, July 11.The new anti-dumping tariff rates for dispersion unshifted single-mode optical fiber imported from the U.S. range between 33.3 percent to 78.2 percent, compared with 4.7 percent...Read More
Small caps are having a big daySmall-cap stocks are making notable gains today, with the Russell 2000 Index (RUT) fresh off a record high. Among individual names are web content management provider Bridgeline Digital Inc (NASDAQ:BLIN), hepatitis B specialist ContraVir Pharmaceuticals Inc (NASDAQ:CTRV), and biopharmaceutical firm MediciNova, Inc. (NASDAQ:MNOV). Here's a closer look at what's moving...Read More
Gold futures ended lower Tuesday, following moves in the dollar that have weighed on the precious metal in recent weeks amid concerns about trade wars between economic superpowers and tightening monetary policy in the U.S. August gold GCQ8, -0.35% lost $4.20, or 0.3%, to settle at $1,255.40 an ounce after tacking on about the same percentage amount on Monday. The most popular fund tracking gold,...Read More
A short squeeze could propel the outperformer even higherThe shares of Rocket Pharmaceuticals Inc (NASDAQ:RCKT) -- which specializes in rare disease therapies -- are higher today, thanks to some bullish analyst attention. Specifically, William Blair initiated coverage of RCKT stock with an "outperform" rating and a fair-value target of $32 -- representing expected upside of 63% from the security's...Read More
After our first interview with Steven Hatzakis, today we’ll continue with our interview series to crypto traders and talk with @Crypto_Ed_NL. Living in the Netherlands, Ed has been working in International Sales Projects for most of his career. Always interested in financial markets, cryptocurrency trading became his profession 4 years ago. He manages a Trading group where he trains other c...Read More
LONDON, July 10 (Reuters) - Britain’s Prime Minister Theresa May said on Tuesday she was looking forward to positive talks with U.S. President Donald Trump later this week, after he said that Britain was in turmoil and considered May critic Boris Johnson a friend.“I’m looking forward to seeing President Trump... There’s much for us to discuss,” May said, adding that d...Read More
BRUSSELS (Reuters) - U.S. Secretary of State Mike Pompeo arrived in Brussels on Tuesday, where he plans meetings on the sidelines of the NATO summit aimed at stepping up pressure on Iran and reassuring allies about alternative oil supplies, a State Department official said.Pompeo flew in from Abu Dhabi, where he discussed Iran with leaders of the United Arab Emirates. Senior State Department offic...Read More
(Reuters) - The U.S. government believes it is in compliance with a court-ordered Tuesday deadline to reunite immigrant children under 5 who were separated from their parents while crossing the U.S.-Mexico border, according to a court filing.In a filing in U.S. federal court in San Diego on Tuesday, the government said 75 children were eligible to be reunited and 38 were likely to be back with a p...Read More
BEIJING/BERLIN (Reuters) - Liu Xia, the widow of Chinese Nobel Peace Prize-winning political dissident Liu Xiaobo, arrived in Berlin on Tuesday, in news welcomed by rights groups who had long pressed for China to let her leave what was effectively house arrest.Liu Xia, 57, landed at in Berlin’s Tegel airport at around 1700 local time. She left the airport by a private exit to circumvent crow...Read More
(Kitco News)- Whilethe gold market may have less room to move on the downside, investors shouldn’texpect any significant rebound in the price until at least the end of the year,according to some analysts.Thecomments come as gold prices continue to struggle to find momentum, weigheddown by a stronger U.S. dollar. August gold futures last traded at $1,256.30 anounce, down 0.26% on the day. Man...Read More
(Kitco News) - While the gold market may have less room to move on the downside, investors shouldn’t expect any significant rebound in the price until at least the end of the year, according to some analysts.The comments come as gold prices continue to struggle to find momentum, weighed down by a stronger U.S. dollar. August gold futures last traded at $1,256.30 an ounce, down 0.26% on the d...Read More
NEW YORK (Reuters) - Morgan Stanley (MS.N) has promoted Ted Pick to head of its trading and investment banking businesses, the most recent elevation for an executive who has overseen several key initiatives at the Wall Street bank.The move, part of a broader executive shuffle that also moved Franck Petitgas from co-head of investment banking to head of Morgan Stanley’s international business...Read More
WASHINGTON (Reuters) - President Donald Trump’s Supreme Court nominee Brett Kavanaugh visited top U.S. Senate Republicans on Capitol Hill on Tuesday, seeking to build support among lawmakers in what promises to be a contentious confirmation battle with Democrats.Top Senate Democrat Chuck Schumer vowed an all-out battle against Kavanaugh, but senators in his party cannot block Kavanaugh&rsquo...Read More
• A combination of factors kept exerting downward pressure on Tuesday. • Short-covering helps rebound sharply and recover a major part of early losses. Gold continued losing ground through the mid-European session and tumbled to a one-week low in the last hour, albeit quickly recovered thereafter. The precious metal extended overnight retracement slid...Read More
Recent history suggests the RIG rally could have legsThe shares of offshore drilling concern Transocean LTD (NYSE:RIG) just notched a fresh annual high of $14.34, briefly barreling through recent congestion around the $14 level, even as drilling workers strike in Norway. Further, RIG stock yesterday popped higher after Susquehanna upgraded it to "positive" from "neutral," and hiked its price targe...Read More
WASHINGTON (Reuters) - More American workers voluntarily quit their jobs in May, government data showed on Tuesday, a sign of confidence in the labor market that economists say will soon boost wage growth.In its monthly Job Openings and Labor Turnover Survey, or JOLTS, the Labor Department said the number of workers leaving jobs of their own free will increased 212,000 to 3.3 million.That lifted t...Read More
PARIS (Reuters) - The German economy is on course to grow roughly two percent this year, Economy Minister Peter Altmaier said in a newspaper interview published on Tuesday.“Growth has slowed in several European countries at the start of the year but we remain optimistic. German growth will reach more or less two percent in 2018. That will be an absolutely exceptional level,” Altmaier t...Read More
Granada Gold Mine Inc. (TSXV:GGM;OTCPK:GBBFF;FRA:B6D) (Read full newsRead More
URBN has been a long-term outperformer on the chartsShares of retail concern Urban Outfitters, Inc. (NASDAQ:URBN) are slightly lower this afternoon, down 0.7% at $45.49, after receiving a downgrade to "sector weight" from "overweight" at KeyBanc. From a broader perspective, however, URBN has been a long-term outperformer on the charts, not unlike its sector peer Tailored Brands (TLRD). The stock...Read More