Source: Streetwise Reports 02/27/2018With the price of gold staying firmly above $1,300/oz, Brien Lundin, editor of Gold Newsletter, discusses the state of the market and several top picks in an unlikely location.Tuvatu Project MapBrien Lundin, the well-respected editor of Gold Newsletter, is an industry veteran with over 30 years of experience. He began his career working with the visionary J...Read More
Source: Streetwise Reports 02/27/2018With the price of gold staying firmly above $1,300/oz, Brien Lundin, editor of Gold Newsletter, discusses the state of the market and several top picks in an unlikely location.Tuvatu Project MapBrien Lundin, the well-respected editor of Gold Newsletter, is an industry veteran with over 30 years of experience. He began his career working with the visionary J...Read More
Shares of eBay Inc (NASDAQ:EBAY) have been on a tear, recently gapping above a trendline connecting higher highs since early 2017. This level coincides with the shares' rising 20-day moving average, which has acted as support since early December. Considering all this, the stock looks poised to add to its 15% year-to-date gain. Despite EBAY's technical strength, short sellers have continued to tar...Read More
LONDON, Feb 27 (Reuters) - Assets invested in leveraged and inverse exchange-traded funds (ETFs) and products (ETPs) hit a record $87.3 billion at the end of January, research and consultancy firm ETFGI said. Investors have blamed such complex trading instruments for exacerbating the vicious sell-off in global equity markets at the beginning of February.ETFs track baskets of stocks and have become...Read More
* Powell sticks to path of gradual rate hikes* Macy's jumps after reporting upbeat Q4 same-store sales* Comcast offers to buy Sky for $31 bln * Dow up 0.08 pct, S&P up 0.08 pct, Nasdaq down 0.01 pct(Updates to open)By Sruthi ShankarFeb 27 (Reuters) - U.S. stocks were little changed on Tuesday, with losses in media stocks weighing on major indexes, while investors braced for Federal Reserve Cha...Read More
* Graphic: World FX rates in 2018 * Graphic: Trade-weighted sterling since Brexit vote (Rewrites, adds quotes, updates prices)LONDON, Feb (Reuters) - Sterling fell on Tuesday, reversing earlier gains, after Federal Reserve chief Jerome Powell's comments that the central bank would stick to gradual rate rises boosted the dollar.With expectations of a May rate hike by the Bank of England mostly pric...Read More
Fitbit Inc (NYSE:FIT) stock is getting pummeled today, down 12% to trade at $4.89 -- and just off a new record low of $4.67 -- after the wearable tech maker reported fourth-quarter earnings and revenue short of expectations. The company also issued a disappointing forecast for the current quarter. In response, three brokerage firms issued price-target cuts, including to $5 from $6 at Morgan Stanl...Read More
Cincinnati-based retail chain Macy's Inc (NYSE:M) is soaring after the company reported stronger-than-expected fourth-quarter earnings early this morning. The results were helped by impressive same-store sales growth and a revamped loyalty program, and in reaction, the stock has gapped 11.9% higher to trade at $30.72 at last check -- territory not seen since last March.More broadly, M has gained m...Read More
* Focus now on Powell's in-person testimony* Traders brace for German, Italian political developments (Updates throughout to U.S. market open, changes dateline; previous LONDON)By Saqib Iqbal AhmedNEW YORK, Feb 27 (Reuters) - The dollar added to gains against a basket of major currencies on Tuesday after Federal Reserve Chairman Jerome Powell told U.S. lawmakers the central bank would stick with g...Read More
Clovis Oncology Inc (NASDAQ:CLVS) last night reported an adjusted fourth-quarter loss of $1.27 per share on $17 million in revenue, with the latter number falling short of analysts' consensus estimate for $20.1 million in revenue. Wall Street was quick to chime in, too, with CLVS stock receiving price-target cuts from Barclays (to $85), BofA-Merrill Lynch (to $89), Stifel (to $110), and SunTrust R...Read More
Bloomberg News/LandovFlyers listing homes for sale are displayed at a realty office in Berkeley, Calif. The numbers: The S&P/Case-Shiller national index rose a seasonally adjusted 0.7% in the three-month period ending in December, and was up 6.4% compared to a year before. The 20-city index rose a seasonally adjusted 0.6% for the month, and 6.3% for the year. The Econoday consensus foreca...Read More
Stock futures are sluggish this morning, with the Dow Jones Industrial Average (DJIA) poised for a potential breather following yesterday's 400-point surge. In prepared remarks ahead of a question-and-answer session before Congress, new Fed Chair Jerome Powell said, "Despite the recent volatility, financial conditions remain accommodative" for gradual rate hikes. Elsewhere, durable goods orders fe...Read More
Chipotle Mexican Grill, Inc. (NYSE:CMG) got a much-needed boost two weeks back when the company announced Taco Bell vet Brian Niccol as its new CEO. Baird certainly likes the hire, this morning upgrading Chipotle stock to "outperform" and boosting its price target to $400 from $315. The brokerage firm said Niccol is an "extremely talented leader" and touted his work at Yum! Brands (YUM) and Procte...Read More
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
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.Editor...Read More
Mr. Matthew Hornor reportsMAPLE GOLD RECEIVES PERMITS AND RAMPS UP DRILLING AT DOUAYMaple Gold Mines Ltd. has provided an update on the current drill campaign at the Douay gold project. Maple Gold has received three of the four requested permits and anticipates receiving its final permit very shortly. Two diamond core drills (DDH) are now testing infill and stepout holes and a third drill rig has...Read More
Mr. Matthew Hornor reportsMAPLE GOLD RECEIVES PERMITS AND RAMPS UP DRILLING AT DOUAYMaple Gold Mines Ltd. has provided an update on the current drill campaign at the Douay gold project. Maple Gold has received three of the four requested permits and anticipates receiving its final permit very shortly. Two diamond core drills (DDH) are now testing infill and stepout holes and a third drill rig has...Read More
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
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.China...Read More
Mr. John Burzynski reportsOSISKO INTERSECTS 71.9 G/T AU OVER 2.9 METRES AT LYNXOsisko Mining Inc. has provided new results from the continuing drill program at its 100-per-cent-owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban ownship, Eeyou Istchee James Bay, Quebec. The 800,000-metre drill program combines definition, expansion and exploration drilling in and around...Read More