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Take Profits On These 2 Stocks Today

February 28, 2018 / www.schaeffersresearch.com

The shares of agricultural concerns CF Industries Holdings, Inc. (NYSE:CF) and Mosaic Co (NYSE:MOS) have been strong the past few months, but if recent history is any indicator, the stocks could be poised to pull back in March. In fact, looking back over the past 10 years, CF and MOS stocks have generated the worst monthly returns of all S&P 500 Index (SPX) stocks, according to data from Schaeffer...Read More

Mexican central bank sees 2018 growth between 2.0-3.0 pct

February 28, 2018 / www.kitco.com

MEXICO CITY, Feb 28 (Reuters) - Mexico's economy will grow between 2 and 3 percent in 2018, the central bank said in a quarterly report on Wednesday, leaving its forecast unchanged from the last report. The Banco de Mexico's inflation report said a delay in the ongoing renegotiation of the North American Free Trade Agreement, or an unfavorable outcome to the talks, are risks to growth, along with...Read More

Gold Prices See Tepid Recovery From Tuesday's Losses

February 28, 2018 / www.kitco.com

Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More

Gold Prices See Tepid Recovery From Tuesday's Losses

February 28, 2018 / www.kitco.com

Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More

Procter & Gamble Stock Stares Down Headwinds After Historically Bad Month

February 28, 2018 / www.schaeffersresearch.com

Blue chip Procter & Gamble Co (NYSE:PG) has been getting crushed since the company's disappointing earnings release last month. In fact, PG shares are pacing toward an 8.4% February loss, which would stand as its third-worst monthly performance in the past 10 years, and the biggest since February 2009. The stock was last seen trading down 1.7% at $79.14, breaking below its recent consolidation ato...Read More

Baker Steel excited about potential in new A$10mln coking coal investment

February 28, 2018 / www.proactiveinvestors.co.uk

Baker Steel Resources Investment Trust's (LON:BSRT) Trevor Steel discusses the decision by Polar Acquisition Limited, one of the most significant investments held by Baker Steel, to sell its interest in the Prognoz silver mine in Russia to Polymetal International PLC.At the January monthly update, Polar Acquisition represented just under 38% of Baker Steel's net asset value.Steel also discusses th...Read More

METALS-Copper slips after China data disappoints and dollar gains

February 28, 2018 / www.kitco.com

* LME/ShFE arb: * GRAPHIC-2018 asset returns: * Lead headline inventories jump 12 pct (Adds closing prices, Aluminium tom/next, Chile copper)By Zandi ShabalalaLONDON, Feb 28 (Reuters) - Copper prices sank to their lowest in over two weeks on Wednesday as the dollar advanced on prospects of higher interest rates and growth in China's manufacturing sector slowed in February.Benchmark copper on the L...Read More

Stocks Turn Lower With Oil; Nasdaq Clings to Gains

February 28, 2018 / www.schaeffersresearch.com

The Dow Jones Industrial Average (DJI) was up triple digits at its intraday peak, as stock traders initially celebrated the latest gross domestic product (GDP) estimate and shook off concerns about Fed rate hikes. However, the Dow and S&P 500 Index (SPX) have since turned lower, weighed down by healthcare and energy stocks. At last check, April-dated oil futures were 1.8% lower at $61.86 per barr...Read More

High-Flying Tech Stock With Cheap Options

February 28, 2018 / www.schaeffersresearch.com

Akamai Technologies, Inc. (NASDAQ:AKAM) has been hot in 2018, thanks mainly to the cloud concern's post-earnings bull gap earlier this month. Analysts were quick to chime in with price-target hikes after the results, too, which helped send AKAM stock soaring back near its Jan. 9 annual high of $69.56. And even though this recent price action just echoes the equity's longer-term uptrend, with AKAM...Read More

Solo Oil raises ?2mln with plans to increase stake in Horse Hill

February 28, 2018 / www.proactiveinvestors.co.uk

Neil Ritson, chief executive of Solo Oil PLC (LON:SOLO) discusses with Proactive their ?2mln share placing and plans to acquire an additional stake in the Horse Hill oil project in southern England.Solo's agreed a deal with Primorus Investments Plc to acquire a 5% stake in the HHDL vehicle which owns 65% of Horse Hill.The transaction increases Solo's holding in HHDL to 15%, giving the company an...Read More

Samarco iron ore mine could reopen this year

February 28, 2018 / www.mining.com

The Samarco iron ore mine in Brazil is likely to resume operations before the end of the year or early 2019 Vale (NYSE:VALE) executives told investors on Wednesday.Samarco Mineracao - a Vale-BHP joint venture - ceased operations in November 2015 following a deadly tailings dam burst. At 30 million tonnes per year before the disaster Samarco's pelletizing operations supplied roughly one-fifth of th...Read More

Gold ETF Violates Pivotal Short-Term Low

February 28, 2018 / seekingalpha.com

Markets, including gold, react to latest Fed testimony.Gold ETF (IAU) violates pivotal immediate-term support in the process.My recommended stop-loss in IAU was consequently violated.Gold suffered a setback on Tuesday after financial markets reacted negatively to the Congressional testimony of the new Federal Reserve chief. The gold price didn't violate its Feb. 7 pivotal low discussed in the prev...Read More

Mongolian court sides with government in copper mine ownership row

February 28, 2018 / www.mining.com

* Supreme Court ruled against government in December* MCC has said will challenge government plansULAANBAATAR, Feb 28 (Reuters) - Mongolia's Constitutional Court ruled on Wednesday that Mongolian Copper Corporation (MCC) never had the right to 49 percent of one of Asia's biggest copper mines, supporting an earlier resolution by the government to buy back the stake.The ownership battle is set again...Read More

Copper price felled as Chinese factory reading drops most in 5 years

February 28, 2018 / www.mining.com

Copper futures trading on the Comex market in New York fell for the fourth straight session on Wednesday on fresh doubts about the strength of the economy in top consumer China.Copper for delivery in May slumped 1.8% to a low of $3.1295 a pound ($6,900 a tonne) in early afternoon trade, down more than 5% so far this year.Chinese manufacturing data suffered its biggest fall in five years in Februa...Read More

IMF says Nigeria will "muddle through" with economic policies in medium term

February 28, 2018 / www.kitco.com

ABUJA, Feb 28 (Reuters) - The International Monetary Fund (IMF) projects that Nigeria will "muddle through" with its economic policies in the medium term, according to a report seen by Reuters on Wednesday.The lender warned that "comprehensive and coherent" economic policies "remain urgent and must not be delayed by approaching elections and recovering oil prices".The...Read More

FOREX-Dollar touches five-week high on U.S. rate outlook

February 28, 2018 / www.kitco.com

* Fed chair's testimony read as striking hawkish tone* Weaker-than-expected U.S. data fails to tarnish dollar* Euro zone inflation slows, clipping euro bulls* Yen edges higher after BoJ trims super-long JGB buying (Recasts, adds comment, FX table, updates prices, changes byline, dateline; previous LONDON)By Gertrude Chavez-DreyfussNEW YORK, Feb 28 (Reuters) - The dollar rose to five-week highs on...Read More

Making a Contrarian Case for Best Buy Ahead of Earnings

February 28, 2018 / www.schaeffersresearch.com

Best Buy Co Inc (NYSE:BBY) is scheduled to report fourth-quarter earnings ahead of tomorrow's open. Retail earnings have been coming in hot this week, with shares of Macy's (M) and Etsy (ETSY) gapping higher post-earnings. Although BBY stock has a recent history of negative earnings reactions, there's plenty of skepticism priced into the outperforming retail shares -- and a rare earnings win could...Read More

Dividend Suspension Guts Frontier Communications Stock

February 28, 2018 / www.schaeffersresearch.com

Frontier Communications Corp (NASDAQ:FTR) stock is down 25.3% to trade at $6.90, after the telecom company suspended its quarterly cash dividend.In response, Jefferies downgraded FTR stock to "hold" from "buy," and took a hatchet to its price target -- cutting it by 68%, to $8 from $25 -- with the analysts stating they "see no near-term catalyst to lift [the] shares." In addition, three other bro...Read More

Scotiabank Keeping Its ScotiaMocatta Bullion Desk

February 28, 2018 / www.kitco.com

Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More

Ascot arranges $5-million private placement

February 28, 2018 / www.stockwatch.com

An anonymous director reports ASCOT ANNOUNCES PRIVATE PLACEMENT FINANCINGAscot Resources Ltd. has entered into an agreement with Sprott Capital Partners and Primary Capital Inc., in connection with a marketed private placement to raise gross proceeds of $5,000,440.The offering will consist of 3,356,000 common shares of the company that will qualify as flow-through shares at a price of $1.49 per fl...Read More

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