Most people are aware that gold doesn’t tarnish, corrode or rust. That applies to pure gold because it does not easily combine with oxygen. The pure metal is also too soft to be used in jewelry, so it is mixed with other metals. Unfortunately, writing articles that recommend gold mining companies, even as a speculative play, can tarnish the author’s reputation and be corrosive to one’s portfolio.
Just over a month ago I recommended one such company, Golden Star Resources (NYSEMKT:GSS). The company would be reporting Q1 results in just over a week, and I was expecting a positive report. The stock had closed that day at $0.7125 and I wrote:
Will Golden Star be able to deliver on its projections? Probably, and I would not be surprised to see the company exceed its guidance on production and costs. But even if management delivers, the unknown for investors is the future price of gold. …
…I would be happy to see [the price of gold] remain where it is, and if that occurs, an investment in Golden Star could easily double in the next two years.
Hot Gold Stocks To Buy Right Now: Armstrong World Industries Inc(AWI)
- [By Ethan Ryder]
AptarGroup (NYSE: ATR) and Armstrong World Industries (NYSE:AWI) are both mid-cap industrial products companies, but which is the better stock? We will contrast the two companies based on the strength of their valuation, risk, dividends, analyst recommendations, earnings, institutional ownership and profitability.
Hot Gold Stocks To Buy Right Now: Grupo Aeroportuario del Centro Norte S.A.B. de C.V.(OMAB)
- [By Ethan Ryder]
Grupo Aeroportuario Centro Norte (NASDAQ:OMAB) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.
Hot Gold Stocks To Buy Right Now: Fitbit, Inc.(FIT)
- [By Shane Hupp]
Fitbit (NYSE:FIT) Director Steven Joseph Murray sold 500,000 shares of the stock in a transaction on Monday, May 7th. The shares were sold at an average price of $4.97, for a total transaction of $2,485,000.00. Following the transaction, the director now owns 11,442 shares in the company, valued at $56,866.74. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
- [By Chris Lange]
Fitbit, Inc. (NYSE: FIT) reported its most recent quarterly results after markets closed Monday. The company said that it had a net loss of $0.02 per share on $571 million in revenue, compared with consensus estimates from Thomson Reuters that called for breakeven earnings on $588.89 million in revenue. The fourth quarter from last year had a net loss of $0.56 per share on $573.77 million in revenue.
- [By Paul Ausick]
Fitbit Inc. (NYSE: FIT) traded down nearly 16% Tuesday and posted a new 52-week low of $4.67 after closing Monday at $5.54. The stock’s 52-week high is $7.32. Volume was more than six times the daily average of 5.4 million shares. The company reported poor results last night and offered up weak guidance as a side dish. https://247wallst.com/consumer-electronics/2018/02/26/fitbit-whiffs-big-on-earnings-and-even-bigger-on-guidance/
Hot Gold Stocks To Buy Right Now: Smith & Nephew SNATS, Inc.(SNN)
- [By Lisa Levin]
Heat Biologics, Inc. (NASDAQ: HTBX) shares tumbled 48.59 percent to close at $1.275 on Thursday after the company priced its $18,000,000 public offering.
InVivo Therapeutics Holdings Corp. (NASDAQ: NVIV) fell 38.77 percent to close at $8.26 on Thursday.
Check-Cap Ltd. (NASDAQ: CHEK) shares tumbled 27.43 percent to close at $8.81.
Achaogen, Inc. (NASDAQ: AKAO) dropped 24.76 percent to close at $11.06 in reaction to a disappointing update from an FDA AdCom panel. The FDA panel voted favorably for the company's Plazcomicin for treatment of adults with complicated urinary tract infections, but also voted against the therapy to be used as a treatment for bloodstream infections.
Anika Therapeutics, Inc. (NASDAQ: ANIK) shares declined 24.68 percent to close at $34.80 after the company posted downbeat quarterly results.
LSC Communications, Inc. (NASDAQ: LKSD) shares fell 24.22 percent to close at $12.64 following wider-than-expected Q1 loss.
Cardinal Health, Inc. (NYSE: CAH) fell 21.42 percent to close at $50.80 following downbeat quarterly profit.
Horizon Global Corporation (NYSE: HZN) dropped 20.42 percent to close at $6.00 following downbeat quarterly earnings.
Hornbeck Offshore Services, Inc. (NYSE: HOS) slipped 20.11 percent to close at $2.90 following wider-than-expected Q1 loss.
Esperion Therapeutics, Inc. (NASDAQ: ESPR) fell 19.28 percent to close at $36.93. Esperion Therapeutics stock lost roughly a third of its value Wednesday after the company reported mixed Phase III results for its leading drug candidate, bempedoic acid. JP Morgan downgraded Esperion Therapeutics from Neutral to Underweight.
Laredo Petroleum, Inc. (NYSE: LPI) declined 17.77 percent to close at $8.98 after the company reported weaker-than-expected Q1 earnings.
The Habit Restaurants, Inc. (NASDAQ: HABT) dipped 16.1 percent to close at $8.60 after the company reported downbeat quarterly results.
Arcadia Biosciences, Inc. (N
- [By Benzinga News Desk]
Weight Watchers (NYSE: WTW) is tipping the scales on Wall Street: Link
USA Nonfarm Payrolls for Apr 164.0K vs 189.0K Est; Prior 103.0K. Private Payrolls for Apr 168.0K vs 194.0K Est; Prior 102.0K
Unemployment Rate for Apr 3.90% vs 4.00% Est; Prior 4.10%
New York Fed President William Dudley is set to speak at 12:45 p.m. ET.
The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.
Federal Reserve Bank of San Francisco President John Williams will speak at 3:00 p.m. ET.
Randal Quarles, Vice Chairman for Supervision, is set to speak at 5:30 p.m. ET.
Dallas Fed President Robert Kaplan will speak at 8:00 p.m. ET.
Federal Reserve Bank of Atlanta President Raphael Bostic is set to speak at 8:00 p.m. ET.
Kansas City Fed President Esther George will speak at 8:00 p.m. ET.
RBC upgraded Benefitfocus (NASDAQ: BNFT) from Sector Perform to Outperform
Stephens upgraded FMC (NYSE: FMC) from Equal-Weight to Overweight
RBC downgraded Colfax (NYSE: CFX) from Outperform to Sector Perform
Deutsche Bank downgraded Smith & Nephew (NYSE: SNN) from Hold to Sell
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.