Month: May 2020

It’s been an incredible start to the year for the Gold Miners Index (GDX), with the index up 21% year-to-date, outperforming nearly all other asset classes thanks to lower oil prices and continued strength in the gold (GLD) price.  While the index was briefly derailed in March following overall market turbulence, it has since soared
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The New York Stock Exchange trading floor, closed since March 23, is partially reopening on Tuesday. “I’m ready,” floor trader Jonathan Corpina of Meridian Equity Partners  said. “We have been waiting a long time, we are prepared. Our customers are ready.” Corpina acknowledged some trepidation about returning, a feeling, he said, of “walking into the
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Take a look at some of the biggest movers in the premarket: Merck (MRK) – The drugmaker announced the acquisition of privately held Themis, whose Covid-19 vaccine candidate is approaching human trials. It is also striking a vaccine partnership with non-profit vaccine researcher IAVI, as well as a collaboration with privately held Ridgeback Biotherapeutics to
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An employee of the Internet company Facebook walks through the courtyard of the company campus in Menlo Park, California. Christoph Dernbach | picture alliance | Getty Images Check out the companies making headlines in midday trading.  Analog Devices — Shares of the semiconductor stock rose more than 8% following its earnings that beat Wall Street’s expectations.
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Still a few days shy of its one-month anniversary as a public company, DraftKings (NASDAQ:DKNG) stock is rapidly becoming the toast of Wall Street. Source: Lori Butcher/Shutterstock.com Shares of the daily fantasy sports (DFS) company and sportsbook operator are up 45% since the April 24 initial public offering. Under any circumstances, that’s an impressive performance,
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You probably wouldn’t pick Anheuser Busch (NYSE:BUD) as a play on the novel coronavirus. Source: legacy1995 / Shutterstock.com Unlike other publicly traded companies that have found positive momentum as states ease social restrictions, Anheuser Busch stock remains deeply embattled on a year-to-date basis. Nevertheless, I believe the markets are acting irrationally. When you break down
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Marc Andreessen, co-founder and general partner of Andreessen Horowitz David Paul Morris | Bloomberg | Getty Images Amid a sharp pullback in venture capital activity during the coronavirus pandemic, one Silicon Valley start-up is showing what could be a path forward for other new companies seeking funding. The business, a payroll platform for remote workers
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