Summit Insights thinks the stock's recent weakness is a buying opportunityTwitter Inc (NYSE:TWTR) was down nearly 10% on Monday on news the microblogging site removed more than 70 million fake accounts. The stock eventually pared this loss to 5.4%, after TWTR's Chief Financial Officer Ned Segal said in a tweet the suspension of these accounts would not impact user metrics. Today, the shares are do...Read More
LONDON (Reuters) - British Prime Minister Theresa May moved to reassert her authority on Tuesday after two top cabinet members quit and launched broadsides against her Brexit plans, winning support from many of her ministers including a leading eurosceptic.May said she had chaired a “productive” meeting of her government, unswayed by the resignations of Foreign Secretary Boris Johnson...Read More
NEW YORK (Reuters) - Oil prices rose on Tuesday on growing supply disruptions in Norway and Libya, but gains were pared after the United States said it would consider requests for waivers from Iranian oil sanctions.Brent crude futures LCOc1 rose by 64 cents to $78.71 per barrel by 11:38 a.m. EDT (1538 GMT). Earlier, the global benchmark hit a session high of $79.51.U.S. crude futures CLc1 were up...Read More
Glacier Lake Resources Inc. (TSXV:GLI) - ("Glacier" or the "Company") announces the start of a reconnaissance exploration program on its wholly owned "Hackett Property" located in the Sheslay area of northwestern B.C.Read full newsRead More
Source: Streetwise Reports 07/09/2018In a period of economic uncertainty exacerbated by threats of a trade war, Samuel Pelaez, chief investment officer and portfolio manager with Galileo Global Equity Advisors, delves beyond the headlines to discuss the factors that are influencing gold, oil and other commodities, and why he believes we are on the cusp of a once-in-a-lifetime opportunity in co...Read More
Mr. Robert Carrington reportsNEWRANGE GOLD CORP. ANNOUNCES PHASE III STEP OUT DRILLING EXTENDS GOLD MINERALIZATION TO 0.5 KM ALONG TREND AT PAMLICO PROJECT, NEVADANewrange Gold Corp. has released phase III drill results, whichhave extended the mineralized gold trend to approximately 1,600 feet (488 metres) on strike to the southeast from the Merritt decline area along Pamlico Ridge. This latest ro...Read More
Mr. Robert Carrington reportsNEWRANGE GOLD CORP. ANNOUNCES PHASE III STEP OUT DRILLING EXTENDS GOLD MINERALIZATION TO 0.5 KM ALONG TREND AT PAMLICO PROJECT, NEVADANewrange Gold Corp. has released phase III drill results, whichhave extended the mineralized gold trend to approximately 1,600 feet (488 metres) on strike to the southeast from the Merritt decline area along Pamlico Ridge. This latest ro...Read More
NEW YORK (Reuters) - The S&P 500 stock index hit a four-month high on Tuesday, boosted by higher oil prices and strong earnings, while the U.S. dollar rose against the safe-haven Japanese yen as investors bought riskier assets.World share markets remained near three-week highs, supported by optimism about U.S. company earnings and the notion that global economic growth can withstand trade tens...Read More
FRANKFURT/DUESSELDORF (Reuters) - Thyssenkrupp’s (TKAG.DE) workers and its leading shareholder will serve as an anchor of stability at the company following the sudden departure of Chief Executive Heinrich Hiesinger, they told a German regional newspaper.The remarks by the Alfried Krupp von Bohlen und Halbach Foundation, Thyssenkrupp’s top shareholder with a 21 percent stake, are the f...Read More
(Bloomberg) - Standing high on top of a windswept dune in the West Texas plains, Greg Edwards stares out into a vast ocean of sand. It stretches in every direction, interrupted only by an occasional strip of asphalt or clusters of silos that rise high into the sky.Edwards runs a frack-sand mine. And those silos mark the presence of his rivals, who suddenly seem to be popping up everywhere. As he...Read More
LONDON (Reuters) - Prime Minister Theresa May’s spokesman said on Tuesday he hoped U.S. President Donald Trump would have a positive image of Britain following his visit this week after Trump said he thought the country was “in somewhat turmoil”.Trump made the remark as he set off on a trip to Europe which includes a visit to Britain where he will hold talks with May who is curre...Read More
Strong PepsiCo earnings have lifted the S&PThe Dow Jones Industrial Average (DJI) is extending its recent run of gains, up triple digits and on track for its fourth straight win, as corporate earnings season wrestles the spotlight from trade war tensions. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also pushing higher, with the former nabbing a four-month high on the heels of Peps...Read More
(Reuters) - PepsiCo Inc (PEP.O) topped quarterly profit and revenue estimates on Tuesday as the company’s strategy to offer more healthier beverages and focus on its snacks business paid off.Sales at Frito-Lays snacks division continued to grow, rising for the second straight quarter, while its soda business in the second quarter posted its smallest sales drop in a year.This comes months aft...Read More
Gold ETF hits major support level while reaching "oversold" extreme.This, combined with currency factors, increase odds of a relief rally.Burden of proof remains with gold bulls, however, to confirm a bottom.The chances for a July rally for gold have increased in recent days, as a number of indications have shown. In Monday's commentary, we looked at the improvement in gold's currency co...Read More
HAMBURG, July 10 (Reuters) - A final deal has been signed for the sale of German copper products company Mansfelder Kupfer und Messing (MKM) for 80 million euros ($94 million) to fellow German copper producer KME, MKM said on Tuesday.MKM last year produced over 270,000 tonnes of copper products at its plant in Hettstedt including rolled products, tubes, copper rods and wire rods.Osnabrueck-based K...Read More
WASHINGTON (Reuters) - The United States will consider requests from some countries to be exempted from sanctions it will put in effect in November to prevent Iran from exporting oil, U.S. Secretary of State Mike Pompeo said on Tuesday.“There will be a handful of countries that come to the United States and ask for relief from that. We’ll consider it,” Pompeo said according to t...Read More
(Reuters) - U.S. President Donald Trump on Tuesday pardoned Oregon cattle ranchers Dwight Hammond and his son, Steven, after both were convicted on arson charges, sparking the 2016 occupation of a wildlife refuge, according to a White House statement.The Hammonds' case led to the armed 41-day occupation of the Malheur National Wildlife Refuge. The takeover was the latest flare-up in a decades-old...Read More
Total open interest on SFIX is now at an all-time highOptions are active for Stitch Fix Inc (NASDAQ:SFIX) as the AI-powered fashion stock rallies to record highs. SFIX shares earlier peaked at $34.71, and were last seen trading up 8.3% at $33.69, after KeyBanc began coverage with an "overweight" rating and ambitious $38 price target. The firm's analyst called out Stitch Fix's use of customer data...Read More
July 10 (Reuters) - Australia's Mineral Deposits on Tuesday recommended shareholders accept a revised takeover offer from Eramet, noting that the French company had built up a stake that made it the largest shareholder in the mineral sands producer.Mineral Deposits had rejected the revised A$345 million ($256.85 million) offer in June, saying it still undervalued the company.The turnaround in reco...Read More
FAST is recovering from a recent pullback below its 320-day moving averageFastenal Company (NASDAQ:FAST) is slated to report second-quarter earnings before the stock market opens tomorrow morning. FAST stock is trading up 0.1% at $49.67 at last check, on track for a second straight close above the 320-moving average, which it briefly fell below during a recent pullback to its June 5 year-to-date l...Read More