|Day Low/High||45.25 / 46.13|
|52 Wk Low/High||17.26 / 46.01|
The market remains muted on the news, with bad headlines leading to dip-buying and good news failing to produce protracted momentum.
These mining names look attractive at this juncture. But do your homework.
TORONTO, July 10, 2019 (GLOBE NEWSWIRE) -- Kirkland Lake Gold Ltd. ("Kirkland Lake Gold" or the " Company") (TSX:KL) (NYSE:KL) (ASX:KLA) today announced production for the second quarter of 2019 ("Q2 2019") of 214,593 ounces and for the first six months...
There has been some correlation lately between gold and bitcoin.
Top picks among mining and precious metals stocks and funds.
If this latest market move celebrating the Fed's dovishness is a sustained uptrend, then there will be underlying support fairly fast.
The central bank has made it clear that it is taking the action necessary to extend the current economic expansion.
A dovish Fed will weaken the dollar, which will weaken gold, and vice versa.
Worries of slowing economic growth, trade wars and political problems not seen in today's trading.
This is a market where forcing trades is not going to produce very good returns.
Four of our experts weigh in with their best advice.
Right now my focus is reducing risk as the market figures out if it is going to shake off the trade war worries or correct further.
There is nothing the market likes better than a strong economy and a dovish Fed.
Overall, I don't like the action I'm seeing on my screens. I've been a heavy net seller as I cut positions that are showing some relative weakness.
It is easy to argue that this market should be rolling over but it is not and that means we stick with what is working which are long plays.
The fact that the strong stocks are mainly index heavy weights is what is preventing an absolute rout of the indices at this point.
TheStreet Quant Ratings provides fair and objective information to help you make educated investing decisions. We rate over 4,100 stocks daily and provide 5-page PDF reports for each stock. These ratings can change daily and today's changes are reflected in the email below. If you are looking to check-up on the stocks you currently own or are looking for new ideas, you can find our full database of password-protected ratings reports in our proprietary ratings screener: http://www.thestreet.com/k/qr/flat/stock-screener.html Upgrades: FDUS, GTES, KL Downgrades: CCF, JILL, VNCE Initiations: CAAP Read on to get TheStreet Quant Ratings' detailed report:
While today's action isn't attractive, we were ripe for a little profit-taking.
TheStreet Quant Ratings provides fair and objective information to help you make educated investing decisions. We rate over 4,100 stocks daily and provide 5-page PDF reports for each stock. These ratings can change daily and today's changes are reflected in the email below. If you are looking to check-up on the stocks you currently own or are looking for new ideas, you can find our full database of password-protected ratings reports in our proprietary ratings screener: http://www.thestreet.com/k/qr/flat/stock-screener.html Upgrades: ALSK, ICCH, LADR, RTIX, VC, WPG Downgrades: ASRT, CLDT, CTWS, SIX, TPR Initiations: KL, MAXR Read on to get TheStreet Quant Ratings' detailed report:
Regardless of what is moving the markets, it is a good example of how you have to focus on price action above all else.
The gold miner is a little stretched to the upside at the moment, but should present a buying opportunity on a modest pullback.
Jim Cramer talks about how this market is taking its cues from the positives, and shrugging off the negatives.
Risking below $22, traders could approach the long side of Kirkland Lake Gold look for gains to the upper $30s.
FB stock is doing nothing and that is all that matters in my book.
This is a stock with a terrible chart and questionable financials.
Investors in Kirkland Lake Gold Ltd saw new options become available this week, for the April 2019 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 240 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
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