Recent News

3 Stocks Trading Lower After Analyst Downgrades

July 10, 2018 / www.schaeffersresearch.com

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

China raises tariff rates for some U.S. optical fiber products, from July 11

July 10, 2018 / www.kitco.com

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

3 Red-Hot Penny Stocks

July 10, 2018 / www.schaeffersresearch.com

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 ends lower, gives back previous day's gains as dollar perks up

July 10, 2018 / www.marketwatch.com

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

Analyst: This Drug Stock Could Surge 60%

July 10, 2018 / www.schaeffersresearch.com

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

"It’s way more interesting to read up on crypto projects than snoozing with a 15-year Gold chart" - Crypto Ed

July 10, 2018 / www.fxstreet.com

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

British PM May looking forward to positive talks with Trump

July 10, 2018 / www.kitco.com

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

Pompeo to stress need to boost pressure on Iran on NATO sidelines

July 10, 2018 / www.kitco.com

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

U.S. says to meet Tuesday deadline for reuniting migrant children

July 10, 2018 / www.kitco.com

(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

Widow of Chinese dissident Liu Xiaobo arrives in Germany

July 10, 2018 / www.kitco.com

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

Gold A Long Term Buy But Expect Lackluster Prices In The Short Term - Analysts

July 10, 2018 / www.kitco.com

(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

Gold A Long Term Buy But Expect Lackluster Prices In The Short Term - Analysts

July 10, 2018 / www.kitco.com

(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

Morgan Stanley's Pick promoted to head of institutional securities: memo

July 10, 2018 / www.kitco.com

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

Trump's Supreme Court nominee Kavanaugh woos U.S. Senate

July 10, 2018 / www.kitco.com

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

Gold rebounds sharply from 1-week lows; will it sustain?

July 10, 2018 / www.fxstreet.com

   •  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

Time to Buy Transocean Calls

July 10, 2018 / www.schaeffersresearch.com

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

U.S. job quits rate hits 17-year high; labor market tightening

July 10, 2018 / www.kitco.com

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

German growth seen at about 2 pct in 2018 - economy minister

July 10, 2018 / www.kitco.com

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 Finds Gold with Trenching at Aukeko @granadagold

July 10, 2018 / bit.ly

Granada Gold Mine Inc. (TSXV:GGM;OTCPK:GBBFF;FRA:B6D) (Read full newsRead More

Buy the Dip on Outperforming Urban Outfitters Stock

July 10, 2018 / www.schaeffersresearch.com

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

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