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The Channel

  1. Novartis ends development of...

    4 minutes ago
    The Fly

    about 8 hours ago
    Silver Doctors
  3. David Morgan: Central Banks Are...

    about 9 hours ago
    Silver Doctors
  4. Monday: Home Builder Survey, NY Fed Mfg

    about 10 hours ago
    Calculated Risk
  5. Boeing considering halting or cutting...

    about 11 hours ago
    The Fly
  6. What is my outgroup?

    about 11 hours ago
  7. Stifel adds Sage to Select List, says...

    about 13 hours ago
    The Fly
  8. Week in review: How Trump's policies...

    about 13 hours ago
    The Fly

Trade Idea of the Day Presented by: The Fly

IFF to merge with DuPont's Nutrition & Biosciences unit via Reverse Morris Trust

IFF (IFF) and DuPont (DD) announced that they have entered into a definitive agreement for the merger of IFF and DuPont's Nutrition & Biosciences business in a Reverse Morris Trust transaction. The deal values the combined company at $45.4B on an enterprise value basis, reflecting a value... Read More

Chinese Trade Briefing Causes Dow to Hurtle 100 Pts.

Stocks rose on Friday after Chinese officials said China and the U.S. reached an agreement on the text of the phase one trade deal. The Dow Jones Industrials hiked 116.48 points to open the week’s last session at 28,248.53. The S&P 500 gained 10.91 points to 3,179.48, improving on Thursday’s record close. The NASDAQ hurtled higher 49.79 points to 8,765.11, also posting an all-time closing high. The next step is for both sides to go through legal steps and set a time for signing the deal. Chinese officials also said tariffs would be rolled back in phases. Friday’s move comes after various media sources reported Thursday the U.S. agreed to a so-called phase one trade deal with China in principle...

Costco Crumbles on Q1 Numbers

Costco Wholesale Corporation (NASDAQ: COST) reported better-than-expected Q1 earnings, while sales missed views. The company also reported total comparable sales up 4.3% year-over-year. The wholesale giant, based in Issaquah, Washington, reported net sales for the first quarter were $36.24 billion, an increase of 5.6 percent from $34.31 billion last year. Net income for the quarter was $844 million, or $1.90 per diluted share, compared to $767 million, or $1.73 per diluted share, last year. This year’s first quarter reflects a $77 million ($0.17 per diluted share) tax benefit related to stock-based compensation, compared to a $59 million ($0.13 per diluted share) similar benefit last year...

Wagner Hikes on Opening of new Store

Steps to lower the barriers for cannabis makers and distributors to get their product to market have been music to the ears of companies such as Kitchener, Ontario-based James E. Wagner Cultivation Corporation (TSX-Venture:JWCA). The firm plans to open a 2,000 sf. farm-gate retail store adjoining its flagship cultivation facility in Kitchener. As JWC scales toward full production capacity, it plans to expand from the Canadian medical to recreational markets in the first calendar quarter of 2020 through a number of marketing and distribution channels. The farm-gate store will represent a new direct-to-consumer outlet for the company. JWC Farm-gate is expected to be the Waterloo Region’s first retail cannabis store located on a licensed ....

Stocks in Play: ALX Uranium Corp.

Thursday, December 12, 201911:10 AM EST - ALX Uranium Corp. : Announced reconnaissance sampling results from an October 2019 site visit to its 100%-owned Vixen Gold Project located in the Red Lake Mining District of Ontario. Vixen consists of three sub-projects totaling 10,069 hectares (24,880 acres) staked within the Birch-Uchi greenstone belt and is located approximately 60 kilometres east of Red Lake, Ontario. A total of 78 rock samples were collected within the Vixen North property from six locations that were chosen following ALX's review of historical exploration data. Crews were transported daily by helicopter to the sites where historical trenches and reported mineral occurrences were located. Both mine...

Stocks in Play: Banyan Gold Corp.

Wednesday, December 11, 201910:37 AM EST - Banyan Gold Corp. : Announced results from the next four diamond drillholes of the recently completed 3,385m (26 hole) Phase 2 diamond drill program on the Company's Aurex-McQuesten Gold Project near Mayo, Yukon. Phase 2 drilling was designed to expand the strike length of the mineralization of Airstrip Block "1", from 500 metres to >1 kilometre. These four holes, MQ-19-54 through 56 and MQ-19-64 extend and infill Airstrip mineralization over the first 250 metres east of this new zone from Block 1 and further validate the McQuesten Mineralization Geologic Model. East Airstrip Target returns broad intervals of gold mineralization including: 98 m of 0.71 g/t Au in MQ-19-54; 53 m of 0.31 g/t Au in MQ-19-55...

Home Depot Revises Sales Forecast

Home Depot (NYSE:HD) on Wednesday forecast fiscal 2020 sales growth below Wall Street expectations, three weeks after the home improvement chain cut its 2019 sales forecast. The company said last month that its One Home Depot strategy, which aims to improve the online and brick-and-mortar businesses, was not yet generating as much revenue as it had expected, prompting it to cut its 2019 sales forecast for the second time.CEO Craig Menear told employees the strategy will address the evolving needs of its customers, "We are building on our distinct competitive advantages to capitalize on a large and fragmented market opportunity." The company forecast preliminary fiscal 2020 sales growth of about 3.5% to 4% ahead of its...

Tetra Jumps on Cancer Drug Tests

It’s the very thing patients need to hear as Christmas time approaches; more developments were published today on the fight against cancer. Ottawa-based Tetra Bio-Pharma Inc. (TSX-Venture:TBP) is trumpeting its status as a leader in cannabinoid-derived drug discovery and development. Tuesday, it announced it will be requesting a meeting with the U.S. Food and Drug Administration (FDA) to discuss the drug development program for its Orphan Drug candidate HCC011, inhaled delta-9-tetrahydrocannabinol (THC), in the treatment of hepatocellular carcinoma. Hepatocellular carcinoma (HCC), also known as primary liver cancer, is the most common form of liver cancer and is responsible for 80% of the primary malignant liver tumors in adults...

Stocks Betray Nerves over Tariff Delay

Stocks fell on Tuesday as investors were skeptical of news that the U.S. could postpone the implementation of additional levies on Chinese goods. The Dow Jones Industrials lost 12.85 points to 27,896.75. The S&P 500 edged higher 0.09 points to 3,136.35 The NASDAQ recovered 14.17 points to 8,636.79. Dave & Buster’s, Designer Brands and AutoZone are among the firms reporting earnings Tuesday. The Wall Street Journal first reported the U.S. plans to delay slapping China with additional tariffs as both sides try to work out a so-called phase one trade deal. A deadline for the two countries had been set for Dec. 15. If an agreement wasn’t reached by then, the new U.S. tariffs would take effect. Investors also kept an eye on the Federal Reserve...

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