Stock Market

BY JOHN RUBINO The idea that a rising gold price is good for gold miners is intuitively easy to grasp. But to understand just how good, you have to see the numbers. Consider the second-quarter reports of mid-tier gold miners Pretium Resources  and Great Panther Mining.  Beginning with Pretium, ounces of gold sold went up slightly compared to last year’s

Barclays upgraded Wayfair to Hold from Sell after the online furniture store exceeded analysts’ expectations for second-quarter revenue driven by increased demand for its e-commerce products during the coronavirus pandemic. Wayfair (W) posted earnings of $3.13 per share in the second quarter topping Street estimates for $1.04 per share. Total revenue rose 84% to $4.3

Take a look at some of the biggest movers in the premarket: Hilton Worldwide (HLT) – The hotel operator lost 61 cents per share for the second quarter, wider than the 31 cents a share loss that Wall Street analysts had been anticipating. Revenue was also below estimates, with Hilton suffering from the pandemic-induced drop

Costco Wholesale Corp’s same-store sales expanded for another consecutive month in July growing 13.2% as the retail chain continued to benefit from robust e-commerce revenue growth. US same-store sales, excluding the impact of gasoline prices and foreign exchange, increased 15.7% in July compared with a year ago, Costco (COST) said in a statement. During the

by Michael Snyder Elections have consequences, and the results that have been coming in from all over the country during this primary season are making it very clear where both major political parties are heading.  For the Democrats, we have seen a number of progressive candidates win extremely impressive victories lately, and that includes knocking

The battle to extinguish the coronavirus is nowhere near the end. Cases have yet to be bought under control in many states. California is among the worst hit; Last week a new single-day death record was set, and the state’s reopening has been rolled back. Apart from the obvious need to contain the virus’ spread,

Paul Zimmerman | Nasdaq | Getty Images Check out the companies making headlines after the bell:  Roku — Shares of the streaming platform fell 1% after the market closed. Roku reported second-quarter financial results after hours, posting a loss of 35 cents per share on revenues of $356 million, compared to predictions of analysts surveyed by Refinitiv

CVS Health reported better-than-expected 2Q earnings and raised its full-year guidance. The company is bullish on its diverse business, including its drugstore chain and health benefits, and believes that it is well-positioned to weather the impact of the coronavirus pandemic. CVS Health (CVS) reported 2Q adjusted earnings of $2.64 per share, up from $1.89 per

Check out the companies making headlines before the bell: Apple – B of A Securities downgraded Apple to “neutral” from “buy”, while raising its price target on the stock to $470 per share from $420. The firm said there are many positives for Apple but risks as well, and that risk/reward is balanced at current price

Jason Whitlock claims leaked George Floyd footage shows early narrative of his death was a ‘race hoax’ ‘No rational person’ can say Floyd’s death was racially motivated, columnist says Sports journalist Jason Whitlock wrote Tuesday that the early narrative surrounding the death of George Floyd amounted to a “race hoax” after leaked body camera footage of the incident that led to Floyd’s death May

Shares of cybersecurity solution provider, CyberArk Software, dropped 6.4% on Tuesday after its 3Q earnings guidance fell short of expectations. Nonetheless, its 2Q earnings topped analysts’ estimates. CyberArk (CYBR) anticipates 3Q adjusted EPS to be between $0.19 and $0.33, which is lower than the Street estimate of $0.34. Also, the mid-point of CyberArk’s revenues guidance

by Clive P. Maund There is a now widespread universally held belief, especially amongst “dumb money” market participants, that the markets cannot drop because the Fed is going to keep creating money in ever greater quantities to throw at pumping them higher and higher. This erroneous belief appears to be based on an assumption that

GP: A logo of a Virgin Galactic is seen outside the building during the company’s first day of trading on the New York Stock Exchange (NYSE) on October 28, 2019 in New York City. JOHANNES EISELE | AFP | Getty Images Check out the companies making headlines in midday trading.  Take-Two Interactive – Shares rose

The coronavirus isn’t going away just yet. The number of cases in the US passed 4.5 million, bringing the total number of US deaths to 158K. The need for a vaccine could not be more profound. While the data is alarming, the good news is that with each passing day, a vaccine solution is closer

Check out the companies making headlines after the bell:  Disney — Disney’s stock jumped 4% after the closing bell. Disney reported third-quarter financial results that beat analysts’ expectations for earnings but fell short of revenue predictions. Disney posted earnings of 8 cents per share excluding items on revenue of $11.78 billion compared to estimates of a loss

by UPFINA In July, the consumer sentiment index fell from 78.1 to 72.5 as the chart below shows. However, it didn’t fall much in the 2nd half of the month. The preliminary reading was 73.2 which means it fell 0.7 in the final reading. You might say this is rock bottom. The spike in COVID-19 cases and

You can’t always rely on share price appreciation to guarantee a profitable portfolio. Savvy investors know this, and always seek ways to ensure their income stream. Dividends are common, and popular, way to do this, but bring with them some important questions: Is the dividend reliable – does the company pay it out regularly, in

Take a look at some of the biggest movers in the premarket: Edgewell Personal Care (EPC) – Edgewell reported quarterly profit of 66 cents per share, short of the 82 cents a share consensus estimate. Revenue was also well below forecasts. The company behind Schick razors and Edge shaving cream said its sales were significantly

By Alex Kimani Last month, the European Union set out a comprehensive hydrogen strategy as part of its goal to achieve carbon neutrality for all its industries by 2050. The EU has an ambitious target to build out at least 40 gigawatts of electrolyzers within its borders by 2030 and also support the development of another 40

Goldman Sachs on Monday upgraded pharma giant Merck & Co. to Buy from Hold, citing its strong pipeline and cancer drug Keytruda. Goldman analyst Terence Flynn lifted Merck’s (MRK) price target to $105 (27.2% upside potential) from $91, saying “the market seems to be underappreciating a potential opportunity of between $13 billion and $18 billion in pipeline

Bloomberg | Getty Images Check out the companies making headlines midday Monday: Nio — U.S.-traded shares of the China-based electric vehicle company jumped more than 10% after Nio reported July delivery figures. The company said that July deliveries jumped 322% year over year to 3,533 vehicles. Through the end of July the company has delivered

by Michael Snyder This is a really good time to be selling underground bunkers.  The COVID-19 pandemic, civil unrest in major U.S. cities, and concern about what else may be coming have combined to create a tremendous amount of demand for “survival real estate”.  In all my years of writing, I have never seen anything

Sorrento Therapeutics (SRNE) enjoyed yet another stellar day. Sure, there have been plenty of good weeks so far in 2020 – shares are up by a resounding 190% year-to-date. And according to H.C. Wainwright analyst Ram Selvaraju, there’s plenty more to come. Selvaraju reiterated a Buy rating on SRNE shares and boosted his price target

Nikola Motor Company Two truck Source: Nikola Motor Company Check out the companies making headlines after the bell:  Virgin Galactic — Shares of the space travel company tumbled 8% in extended trading after the release of second-quarter financial results. Virgin Galactic reported a loss of 30 cents per share and an adjusted EBITDA loss of $54

by howmuch The coronavirus recession is dramatically shrinking the global economy. According to the World Bank, we are currently in the worst recession since World War II. Exactly how this will impact the standing of the largest economies is unknown, but here’s the latest projected top 10 by GDP. Buy this visualization 2020 marks the start

Firing on all cylinders since its March low, where is the stock market going? Not just in the back half of 2020, but ten years down the line. Going beyond the near-term, the strategists at Goldman Sachs, led by David Kostin, looked at valuations, bond market forecasts, investor allocations, dividend growth expectations as well as

Take a look at some of the biggest movers in the premarket: ADT (ADT) – Alphabet’s (GOOGL) Google unit will invest $450 million for a 6.6% stake in ADT, as part of a partnership that will see ADT offer Google’s Nest smart home devices to its customers. Each company will also commit $150 million to

Incyte (INCY) and MorphoSys (MOR) have announced that the US Food and Drug Administration (FDA) has approved Monjuvi (tafasitamab-cxix) plus lenalidomide for adults with relapsed or refractory diffuse large B-cell lymphoma (DLBCL) not otherwise specified. This includes DLBCL arising from low grade lymphoma, and patients who are not eligible for autologous stem cell transplant (ASCT). DLBCL is

Siemens Healthineers AG (SEMHF) announced on Sunday that it plans to acquire U.S. cancer device and software company Varian Medical Systems (VAR) in an all-stock deal valued at $16.4 billion. As part of the purchase agreement, Siemens will acquire all of Varian’s shares for $177.50 per share in cash, which reflects a 24% premium to

COVID-19 has changed the rules, yet growth is still the name of the game. Sure, it’s a strange time for growth investors. On the one hand, the Commerce Department just announced that in Q2 2020, real gross domestic product (GDP) decreased at an annual rate of 32.9%, with unemployment remaining at alarmingly high levels. On