Good morning Americas. Here’s news and analysis from Bloomberg Economics to help get your Friday started:
Next week is a big one for global central banks, with the Fed, ECB, and Bank of Japan all gearing up for decision daysWhile the Fed is leading the path away from loose policy, all eyes may be on Mario Draghi, who is ready to set an end-date for the European Central Bank’s bond-buying program this summer, according to economists in a Bloomberg surveyBank of England policy maker Dave Ramsden sees the U.K. economy bouncing back. Still, British households are becoming less certain that an interest rate hike is comingGerman industrial production unexpectedly fell in April, continuing a run of poor economic news from Europe’s largest economyFormer Fed chief Ben Bernanke is seeing a Wile E. Coyote moment for the U.S. economy in 2020Brazil is joining Turkey in stepping up efforts to stem a currency rout amid emerging-market stressesMeanwhile, Argentina just sealed a deal for a $50 billion stand-by arrangement with the IMF, although Goldman and Morgan Stanley say the pain isn’t overJapan looks to be moving past a rough stretch that ended a two-year streak of expansion and saw GDP shrink in the first quarterChina’s massive trade surplus with the world shrank in May. Unfortunately for the ongoing tensions with President Donald Trump, the surplus with the U.S didn’tFinally, here’s our roundup of all that you might have missed this week in the global economyTop 5 Gold Stocks To Own Right Now: Orezone Gold Corp (ORE)
Advisors' Opinion:- [By Stephan Byrd]
Galactrum (ORE) is a PoW/PoS coin that uses the
Lyra2RE hashing algorithm. It launched on November 11th, 2017. Galactrum’s total supply is 2,092,679 coins and its circulating supply is 1,372,679 coins. Galactrum’s official Twitter account is @galactrum. Galactrum’s official website is galactrum.org. - [By Stephan Byrd]
Galactrum (CURRENCY:ORE) traded 1.7% lower against the U.S. dollar during the 24 hour period ending at 18:00 PM Eastern on August 31st. Galactrum has a total market capitalization of $866,847.00 and approximately $5,272.00 worth of Galactrum was traded on exchanges in the last 24 hours. One Galactrum coin can now be purchased for about $0.42 or 0.00006032 BTC on major exchanges including Stocks.Exchange and Cryptopia. In the last seven days, Galactrum has traded 12.5% higher against the U.S. dollar.
- [By Peter Graham]
Sandstorm's due diligence is thorough, they don't just invest in any company. They like West Africa because they understand the area and the opportunities that exist there. Sandstorm is a royalty and streaming company, so they make these investments and receive cashflow deals that often kick in much later on. But they have already established a presence in Burkina and have deals in place with larger companies like Orezone Gold (TSXV: ORE) and Endeavour Mining (TSX: EDV). Sandstorm's investment also potentially gives us access to their marketing department through something they call Launch Lab, and it looks like it will really benefit our own marketing efforts and will expose us to more opportunities over the coming year.
Top 5 Gold Stocks To Own Right Now: Golden Star Resources Ltd(GSS)
Advisors' Opinion:- [By Joseph Griffin]
Golden Star Resources Ltd. (TSE:GSC) (NYSE:GSS) has been given an average recommendation of “Buy” by the six ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$1.48.
- [By Max Byerly]
Get a free copy of the Zacks research report on Golden Star Resources (GSS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Get a free copy of the Zacks research report on Golden Star Resources (GSS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Golden Star Resources Ltd. (NYSEAMERICAN:GSS) was the target of a significant increase in short interest in September. As of September 28th, there was short interest totalling 10,021,831 shares, an increase of 6.9% from the September 14th total of 9,371,344 shares. Based on an average trading volume of 1,038,207 shares, the short-interest ratio is presently 9.7 days. Approximately 4.7% of the company’s shares are sold short.
Top 5 Gold Stocks To Own Right Now: Northgate Minerals Corporation(NXG)
Advisors' Opinion:- [By Shane Hupp]
Shares of NEX Group PLC (LON:NXG) have been given an average rating of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 696 ($9.21).
Top 5 Gold Stocks To Own Right Now: NEW GOLD INC.(NGD)
Advisors' Opinion:- [By Stephan Byrd]
JPMorgan Chase & Co. downgraded shares of New Gold (NYSEAMERICAN:NGD) from a neutral rating to an underweight rating in a research report released on Wednesday, The Fly reports.
- [By Maxx Chatsko]
Shares of New Gold (NYSEMKT:NGD) fell by over 14% today after the company announced the surprise sale of its Mesquite gold mine. The business will receive $158 million in cash for the productive asset, which management says will "immediately crystallize several years' worth of future free cash flow as part of our strategy to prudently manage our balance sheet, providing the company with the financial flexibility to focus on our core assets".
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Losers Check-Cap Ltd. (NASDAQ: CHEK) fell 23.3 percent to $9.87 in pre-market trading after declining 13.45 percent on Wednesday. SunCoke Energy Partners, L.P. (NYSE: SXCP) fell 12.8 percent to $16.00 in pre-market trading after reporting Q1 results. Briggs & Stratton Corporation (NYSE: BGG) fell 11 percent to $17.55 in pre-market trading after the company posted mixed Q3 results and lowered its FY18 guidance. New Gold Inc. (NYSE: NGD) fell 8.4 percent to $2.30 in pre-market trading following downbeat Q1 results. Quality Care Properties, Inc. (NYSE: QCP) fell 8.2 percent to $20.85 in pre-market trading. Welltower announced plans to acquire QCP for $20.75 per share in cash. China Customer Relations Centers Inc. (NASDAQ: CCRC) shares fell 7.5 percent to $17.25 in pre-market trading after climbing 18.73 percent on Wednesday. Nokia Corporation (NYSE: NOK) shares fell 5.7 percent to $5.58 in pre-market trading after reporting Q1 results. eBay Inc. (NASDAQ: EBAY) fell 5.6 percent to $38.66 in pre-market trading following Q1 results. Southw - [By Travis Hoium]
Shares of miner New Gold Inc. (NYSEMKT:NGD) jumped as much as 19.4% in trading early Wednesday after the company announced a leadership change. Shares were hitting their high at 11:05 a.m. EDT and seemed to be gaining momentum.
- [By Matthew DiLallo]
Shares of New Gold (NYSEMKT:NGD) sold off on Thursday, plunging more than 20% by 11 a.m. EST after the gold mining company reported its fourth-quarter results as well as its outlook for 2019.
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Losers Teradyne, Inc. (NYSE: TER) fell 10.8 percent to $37.02 in pre-market trading after the company issued downbeat Q2 guidance. Edwards Lifesciences Corporation (NYSE: EW) fell 9.2 percent to $122.29 in pre-market trading. Edwards Lifesciences reported better-than-expected results for its first quarter, but issued weak earnings guidance for the second quarter. New Gold Inc. (NYSE: NGD) fell 8.8 percent to $2.30 in pre-market trading after rising 4.13 percent on Tuesday. Gold Fields Limited (ADR) (NYSE: GFI) fell 8.6 percent to $3.61 in pre-market trading. Natus Medical Incorporated (NASDAQ: BABY) fell 8.2 percent to $32.95 in pre-market trading after the company issued weak forecast for the second quarter. Atossa Genetics Inc. (NASDAQ: ATOS) shares fell 7.9 percent to $3.50 in pre-market trading after climbing 27.09 percent on Tuesday. Bright Scholar Education Holdings Limited (NYSE: BEDU) shares fell 6.7 percent to $13.58 in pre-market trading after reporting Q1 results. Sangamo Therapeutics Inc (NASDAQ: SGMO) fell 5.9 percent to $16.75 in pre-market trading following announcement of a $200 million common stock offering. Foresight Autonomous Holdings Ltd (NASDAQ: FRSX) shares fell 5.7 percent to $3.29 in pre-market trading after declining 3.32 percent on Tuesday. Euronav NV (NYSE: EURN) fell 4.8 percent to $8.40 in pre-market trading. Limelight Networks, Inc. (NASDAQ: LLNW) shares fell 4.3 percent to $4.69 in pre-market trading. Gaming and Leisure Properties Inc (NASDAQ: GLPI) shares fell 4.1 percent to $32.92 in pre-market trading after the company issued downbeat quarterly results and reported the retirement of CFO William Clifford
Top 5 Gold Stocks To Own Right Now: CME Group Inc.(CME)
Advisors' Opinion:- [By Logan Wallace]
Trexquant Investment LP purchased a new position in CME Group (NASDAQ:CME) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,661 shares of the financial services provider’s stock, valued at approximately $3,989,000.
- [By Max Byerly]
Commonwealth Bank of Australia raised its holdings in CME Group Inc (NASDAQ:CME) by 18.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,969 shares of the financial services provider’s stock after purchasing an additional 4,160 shares during the period. Commonwealth Bank of Australia’s holdings in CME Group were worth $4,413,000 at the end of the most recent reporting period.
- [By Shane Hupp]
CME Group Inc (NASDAQ:CME) Director Ronald A. Pankau sold 260 shares of the firm’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $163.17, for a total transaction of $42,424.20. Following the transaction, the director now directly owns 3,900 shares in the company, valued at approximately $636,363. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
- [By ]
Sure, I will invest more in certain high-confidence picks than others, but without going overboard. This might limit the impact from a triple-digit winner in my High-Yield Investing portfolio, such as CME Group (Nasdaq: CME), where we are showing a 156% gain at last count, but it will also soften the blow from a laggard.
- [By Stephan Byrd]
KAMES CAPITAL plc cut its position in CME Group Inc (NASDAQ:CME) by 1.7% in the third quarter, HoldingsChannel reports. The firm owned 511,147 shares of the financial services provider’s stock after selling 8,580 shares during the period. CME Group accounts for approximately 2.1% of KAMES CAPITAL plc’s investment portfolio, making the stock its 12th biggest holding. KAMES CAPITAL plc’s holdings in CME Group were worth $87,002,000 as of its most recent filing with the SEC.
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