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The Channel

  1. The Advent of Truth-Destroying...

    about 4 hours ago
    Silver Doctors
  2. China Warns: US About To Open...

    about 6 hours ago
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  3. Reaching The Economic Breaking Point...

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  4. Thursday: Unemployment Claims, Philly...

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  5. ILLINOIS FARMERS HAVE “GIVEN UP” ON...

    about 7 hours ago
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  6. Fly Intel: After Hours Movers

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  7. Matt from Silver Fortune: Silver...

    about 9 hours ago
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  8. Here’s Why Sentiment Indicators Have...

    about 9 hours ago
    Wall Street Examiner

Trade Idea of the Day Presented by: Baystreet.ca

New Dimension Reaches for Stars

With the outlook for stocks brightening this month, one area to focus on is the gold sector, where one Vancouver-based company is reporting prosperity. New Dimension Resources Ltd. (TSX-Venture:NDR) reported Tuesday that 92% gold recoveries have been returned from preliminary bottle roll leach... Read More

Stocks Take Breather from Rally Ahead of Fed Word

Stocks were little changed on Wednesday, putting the breaks on a month-long rally, as investors waited for the Federal Reserve’s latest decision on monetary policy. The Dow Jones Industrial Average gained 60.25 points to 26,525.79, The S&P 500 edged up 0.27 points at 2,918.02. The NASDAQ Composite forfeited 7.84 points to 7,946.04. Oracle and Winnebago Industries are among the companies declaring earnings Wednesday Expectations of lower rates helped the market rebound this month after a torrid performance in May. The S&P 500, Dow and NASDAQ were all up at least 6% in June entering Wednesday’s session. The Fed is scheduled to deliver its decision at 2 p.m. ET. The central bank is not expected to make any changes policy, but investors will look for clues on whether the...

Apple announces partnership with Best Buy for expanded repair service

Apple (AAPL) announced the completion of "a major expansion" of its Apple authorized service network. "With nearly 1,000 Best Buy (BBY) stores across the US now providing expert service and repairs for Apple products, customers have even easier and more convenient access to safe and reliable repairs...By expanding to every Best Buy store across the US, customers in cities including Yuma, Arizona; Sioux City, Iowa; Twin Falls, Idaho; Casper, Wyoming and Bismarck, North Dakota will have more convenient access to Apple repairs. Plus, Best Buy's Geek Squad has nearly 7,600 newly Apple-certified technicians ready to make same-day iPhone repairs or to service other Apple products," the company stated in a press release posted...

Siemens Gas and Power to cut 2,700 jobs worldwide

Siemens informed its employee representatives about further planned measures for strengthening the productivity and competitiveness of Siemens' Gas and Power Operating Company for the long term. "Our new Gas and Power Operating Company setup has created synergies that better enable our company to deliver competitive performance in the midst of structural change in our industry. The planned measures will help us create more opportunity for growth and the security that comes from being a competitive player in the energy market," said Lisa Davis, member of the Managing Board of Siemens AG and CEO of Gas and Power. At its Capital Market Day on May 8, Siemens announced that, against the backdrop of a challenging market environment, GP will - in addition...

Fly Intel: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Bank of America (BAC) upgraded to Outperform from Market Perform at BMO Capital with analyst James Fotheringham expecting upward consensus estimates revisions and a "multiple re-rating" to drive 34% total return in the shares. 2. SunPower (SPWR), SunRun (RUN) upgraded to Buy from Neutral as SolarEdge (SEDG) upgraded to Neutral from Sell at Goldman Sachs with analyst Brian Lee anticipating "volume tailwinds" in the second half of 2019 given the recent signs of strength in the sector's financing environment. 3. CNH Industrial (CNHI) upgraded to Hold from Sell at Deutsche Bank with analyst Chad Dillard saying he's turning positive on North America large agriculture. 4. U.S. Cellular (USM)...

Stocks Progress in Lead-up to Fed Meeting

Stocks rose slightly on Monday as investors looked ahead to a crucial Federal Reserve meeting this week. The Dow Jones Industrial Average retained 57.9 to pause for lunch at 26,147.51. The S&P 500 eked ahead 4.64 points at 2,891.58 The NASDAQ Composite 48.24 points to 7,844.90, as tech shares gained. Facebook acquired 2.6%, and Netflix climbed 3.1%, while Amazon advanced 1%. Alphabet and Apple both traded nearly 1% higher. Disney shares slipped 0.6% after an analyst at Imperial Capital downgraded the stock to in-line from outperform, citing a “record ” valuation. Shares of auction house Sotheby’s shot up nearly 60% on news it will be bought for $3.7 billion by BidFair USA. Array BioPharma shares also surged nearly 60% after the company was acquired by Pfizer for $10.6 billion. Equities posted slight gains...

Pfizer to Buy Array for $10.6B

Pfizer (NYSE: PFE) said on Monday it would acquire Array Biopharma (NASDAQ: ARRY) for $10.64 billion in cash, giving it access to the target’s approved drugs for skin cancer and the targeted cancer medicines in its pipeline. The offer of $48 per Array share represents a premium of about 62% to the stock’s close on Friday. Array’s shares hiked $17.01, 57.5%, to $46.60 in early Monday trade. Array's portfolio includes the approved combined use of BRAFTOVI® (encorafenib) and MEKTOVI® (binimetinib) for the treatment of BRAFV600E or BRAFV600K mutant unresectable or metastatic melanoma. The combination therapy has significant potential for long-term growth via expansion into additional areas of unmet need and is currently being investigated in over 30 clinical trials across several solid...

Apollo Wins FDA Nod

Apollo Endosurgery Inc (NASDAQ:APEN) disclosed that it has received FDA approval for its labeling updates for the ORBERA Intragastric Balloon System. The Austin, Texas-based Apollo, which boasts a status as a global leader in less invasive medical devices for gastrointestinal and bariatric procedures, announced the nod Thursday. The goal of the labeling updates is to improve patient safety and these will take effect immediately. The labeling updates improve patient safety by providing further definition and guidance on the appropriate use of the ORBERA® Intragastric Balloon System and patient selection. The most notable safety labeling updates included: Clarification to contraindications. These changes clarified that the previous "hepatic insufficiency or cirrhosis" contraindication related to patients with acute...

Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Transocean (RIG) downgraded to Neutral from Buy at Citi with analyst Scott Gruber saying his organic cash burn analysis implies the drillers will burn cash until "at least" 2021. 2. CommScope (COMM) downgraded to Outperform from Strong Buy at Raymond James with analyst Simon Leopold saying he is concerned that performance of the acquired ARRIS business will be worse than expected. 3. Spirit AeroSystems (SPR), Astronics (ATRO), and Barnes Group (B) were downgraded to Sell from Hold at SunTrust while Woodward (WWD) and Ducommun (DCO) were downgraded to Hold from Buy. 4. Melinta Therapeutics (MLNT) downgraded to Underweight from Neutral at JPMorgan with...

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