The market expected a withdrawal of 41 bcf The price stopped falling Gaps on the January chart loom large On the final trading session of November, the price of January natural gas futures on the NYMEX division of the CME fell to a low at $2.27 per MMBtu. When the energy commodity hit its low
Month: December 2019
Share to facebook Share to twitter Share to linkedin BANGKOK, THAILAND – 2018/07/20: The SnapChat application seen displayed on a Sony smartphone. (Photo… [+] by Guillaume Payen/SOPA Images/LightRocket via Getty Images) Snap is expected to publish its Q2 2018 results after the bell on Tuesday, August 7. The first quarter proved to be relatively challenging
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scientists’ team work Getty Images Shares of biotech Aurinia Pharmaceuticals surged on Thursday after the company announced positive results from a trial for its lupus-related drug. The Victoria, Canada-based company rallied as much as 110% in premarket trading on Thursday after its phase three trial for drug voclosporin posted positive efficacy and safety results in
Check out the companies making headlines before the bell: Nike (NKE) – The athletic footwear and apparel maker was upgraded to “buy” from “neutral” at Goldman Sachs and added to the firm’s “Conviction Buy” list. Goldman believes Nike is on the verge of a sharp acceleration in earnings growth, with China being a key driver.
[Editor’s note: “10 Hot Pot Stocks to Buy” was previously published in October 2019. It has since been updated to include the most relevant information available.] With the Agriculture Improvement Act of 2018, or the “farm bill” as it’s better known, de-scheduling industrial hemp and hemp-based derivatives, cannabis retail has flourished. Unfortunately, we can’t quite
Stocks started the last month of the year in a down mood and slid on lousy manufacturing data. As analysts wonder whether things could get worse for the indexes in the rest of December, I’d like to discuss the short- and long-term outlook for telecom giant AT&T (NYSE:T) stock. Year-to-date, T stock is up about 30%.
The decline for Chesapeake Energy (NYSE:CHK) continues unabated. The stock is already lower by 82% from 2019 highs of $3.44. As fundamental concerns persist, there is little reason to believe that CHK stock can bounce back in the foreseeable future. At this point, between investor worries and formidable headwinds, Chesapeake Energy doesn’t look good. Source:
U.S. equity investors can breathe a little easier after a solid performance on Wednesday. After three sessions of declines, major market indices all rose at least half a percent. Combined with strength in the second half of Tuesday’s trading, a broad sell-off seems averted for the time being. Source: Shutterstock To be sure, risks persist.
What did that do for silver prices? Here is the “before” story as told by SLV, the unleveraged silver ETF that trades on US markets. (credit Fidelity.com) As you can see, silver has been trading in a very narrow band for the past several weeks. In this case the trading range – running between opening
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Billionaire businessman Ken Langone told CNBC that he used Tuesday’s stock market drop as a buying opportunity. “Where else can you go to get some kind of a decent rate of return, than equities,” Langone said. “Balance sheets are in pretty good shape. I think the economy has got 1.5% to 2% in it next
Check out the companies making headlines after the bell: Joel Anderson, CEO, Five Below Scott Mlyn | CNBC Five Below — The retailer said its comparable sales rose 2.9% in the third quarter, versus the 2.6% that analysts had expected. Its shares were up over 4% in extended-hours trading. Verint Systems — Shares of the
Activision Blizzard (NASDAQ:ATVI) stock returned 18.5% in November, including dividends, and is now trading around $54. That’s significantly better than Activision Blizzard’s performance in early June, when ATVI tested $40. Source: madamF / Shutterstock.com ATVI stock last traded above $80 in September 2018, hitting an all-time high of $84.68 before collapsing to $47 by the
Canopy Growth (NYSE:CGC), with a $6.5 billion market capitalization, and 2.7 billion CAD in cash, remains better positioned than most of its peers. Source: Shutterstock Nonetheless, like most other marijuana equities, it continues in a downtrend. Worse, little on the horizon has appeared that could keep Canopy around. This decline could bring a grim scenario
Investors that have been actively engaged with the U.S.-China trade spat for the past several months know there aren’t many certainties except that situations can turn on a dime. In other words, stocks can go from dismal days (yesterday) to excellent showings (today) rather rapidly. The S&P 500 jumped 0.63% The Dow Jones Industrial Average soared
You probably noticed gold popped up yesterday. In case you didn’t, here’s the 5-day chart for gold. (credit: Fidelity.com) What are the reasons behind such a jump, right when half the world was writing gold off? The first piece of the puzzle is plain old demand. While much of the news about gold relates to
A cashier places a bag of items in a customer’s shopping cart at a Target Corp. store in Chicago, Illinois, U.S., on Saturday, Nov. 16, 2019. Daniel Acker | Bloomberg | Getty Images As retail continues to evolve thanks to e-commerce, big box retailer Target is finally keeping up, according to Cowen. The firm named
Check out the companies making headlines before the bell: Campbell Soup (CPB) – Campbell Soup reported a better-than-expected quarterly profit, although sales were slightly below expectation as organic sales fell by 1%. The company saw an increase in its share of the soup market for the first time in 10 quarters. Alphabet (GOOGL) – The
A businesses’ valuation depends on its ability to generate cash flows on a sustained basis. Even for early-stage companies, valuation largely depends on expected cash flows. Facebook (NASDAQ:FB) is a money-spinner and as cash flows swell, I expect Facebook stock to continue trending higher. Source: fyv6561 / Shutterstock.com Facebook has been on an uptrend in