Gold Rally Looks Good for Allied Nevada, Harmony Gold

Town Sports International Holdings Inc. NASDAQ:CLUB, Allied Nevada Gold Corp. NYSEMKT:ANV and Harmony Gold Mining Co. NYSE:HMY have commenced the week with noteworthy gains on Wall Street. Taking tumbles this Monday are Bitauto Holding Ltd. NYSE:BITA, Sarepta Therapeutics Inc. NASDAQ:SRPT and SanDisk Corporation NASDAQ:SNDK.

Sign up for our free daily newsletter

Harmony Gold

Gold Rally Gives ANV, HMY a Boost

Town Sports International surged +18.69% after announcing preliminary Q4 results. An owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the U.S., the firm is a long-time Farallon Capital holding. It has climbed nearly +30% over the past three months.

Allied Nevada Gold and Harmony Gold Mining Co. gained +17.14% and +11.05%, respectively, thanks to gold price climbs. In fact, gold hit $1,232.80 today, its highest point since October 22 nd. Billionaire investors John Paulson and George Soros have positions in ANV, and Ray Dalio has a stake in HMY.

Bitauto Tumbles on China Car Sales Slowdown

Online Chinese auto portal Bitauto tumbled -17.32% after the China Association of Automobile Manufacturers CAAM reported a slowdown in the country's car sales. Tiger Global picked up a 5.6-million-share stake in the company during the second quarter of last year. Despite today's dip, BITA is up +44.29% over the past six months.

Sarepta Therapeutics plunged -14.7% to a new low after releasing trial results. The biotech company, which has been in George Soros' portfolio since the third quarter of 2012, has declined nearly -40% over the past year.

SanDisk Corporation dipped -14.65% after cutting its Q4 revenue estimates. Another Soros pick, SNDK is down -15.56% over the past month.
Download PDF

The post Gold Rally Looks Good for Allied Nevada, Harmony Gold appeared first on ValueWalk. Sign up for our free newsletter

-By iBillionaire

More from Stocks

Stocks End Mixed as Dow Rises, S&P 500 and Nasdaq Slip

Stocks End Mixed as Dow Rises, S&P 500 and Nasdaq Slip

Action Alerts Plus is Picking Raytheon Over Other Defense Names

Action Alerts Plus is Picking Raytheon Over Other Defense Names

Should Tesla Actually Fire Elon Musk?

Should Tesla Actually Fire Elon Musk?

3 Stocks Poised to Move the Markets This Week: Goldman Sachs, Microsoft, GE

3 Stocks Poised to Move the Markets This Week: Goldman Sachs, Microsoft, GE

Why Netflix Stock Is Still a Buy: Shark Tank Star Kevin O'Leary

Why Netflix Stock Is Still a Buy: Shark Tank Star Kevin O'Leary