NYSE:HL

Silver Prices Lack A Catalyst, Silver Stocks to Watch

April 10, 2012 By Leave a Comment

Gold and silverUp day. Down day. Seems to be the story of silver. And the moves lack any real conviction as the the poor man’s gold just lists around within a range. The expectations of further stimulus are no longer enough to be a market driver. Plus anemic demand expectations of of India has tempered silver price action to the upside.

Currently silver prices are in retreat along with the the broader market. Seems like everyone is waiting on Alcoa and then the Fed reaction to earnings season. Currently silver is down 35 cents to $31.41. [Read more...]

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Silver Prices Flat on Demand Concerns, Silver Stocks to Watch

April 9, 2012 By Leave a Comment

Gold and silverGold Prices may be stabilizing on the back of an underwhelming jobs reports, but silver prices are flat on global demand concerns. News out of India has expectations of a 27% drop in demand for the year. This is even with the government keeping the import duty unchanged in the country. The main reason is the volatility in prices has jewelers pulling back.

Silver bulls may have to wait for a bigger catalyst to move higher or just be reigned t the fact the metal is highly volatile and you have to be nimble.

Silver prices are currently up 12 cents to 31.83. [Read more...]

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Silver Price Recovery Muted Today, Silver Stocks to Watch

April 5, 2012 By Leave a Comment

Gold and silverWith Gold bouncing solidly off the lows yesterday, silver is a bit more muted in its recovery. Prices are up 40 cents as the the entire precious metals market tries to recover after a week of steep losses.

Most of the gains can be attributed to investors gingerly stepping back into the market to see if this is the floor. Demand concerns coming out of China may mean this floor is premature, but Europe’s continuing soap opera may give rise to QE3 due to spillover. Lots of variables in this market, but it is volatile for reason. And the past few months have shown that it can rocket up and collapse in an instant. [Read more...]

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Silver Prices Rise on Bernanke Speech, Silver Stocks to Watch

March 26, 2012 By Leave a Comment

Gold and silverA market wide rally is taking place right after Fed Chairman Ben Bernanke gave a speech on the economy. In his speech, Bernanke continued to reiterate that interest rates will stay low. Some analysts were encouraged after Bernanke did said little to rule out the possibility of more quantitative easing (QE).

Silver prices jumped along with other commodities including gold after Bernanke’s remarks. Silver for March delivery is currently trading up 1.25% at $32.65. Silver prices had been getting hit hard over the past month, falling from over $35 to around $31.50. Silver prices would rise if another round of QE hit due to inflation from the printing of money.

A quick look at stocks show the Dow up 134 points, the Nasdaq up 33 points and the S&P 500 up 14 points. [Read more...]

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NYSE Stocks Trading Higher Today: SD, MWW, HL, FRO, SPN, CIS, MUX

March 23, 2012 By Leave a Comment

The NYSE BullStocks are rebounding heading into midday led by energy stocks. Gains are being limited today by disappointing data from the housing sector. Home sales fell 1.6% last month to 313,000, analysts were expecting to see sales come in at 325,000. The average price of a home rose 8.3% in February to $233,700, the highest in about 8 months.

The stock market has been in decline much of the week as investors voice their concerns over a slowdown in China and the euro zone’s weak economy.

The major stock indices have turned mostly positive in the past hour with the Dow up 31 points, the Nasdaq still in the red by 5 points and the S&P 500 has gained 2 points. [Read more...]

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Midday Movers for 2/21: PBH, SSN, HL, ALU, FTR, WFT, DAL, CIE, UAL

February 21, 2012 By Leave a Comment

Floor of the NYSEStocks have turned positive in midday trading after being briefly negative earlier today. The Greek bailout and earnings are sending the major indices higher today. The Dow continues to trade close to the 13,000 mark. The last time the Dow was that high was in May of 2008, before the financial crisis sent the U.S. economy spiraling out of control.

Prestige Brand Holdings, Inc. (NYSE:PBH) is up 19.74% today at $16.17. PBH has traded 4.6 million shares so far today, way above its daily average of 260 thousand shares. PBH are rallying today after Genomma Lab announces non-binding proposal to acquire Prestige Brand Holdings for $16.00 a share in cash. The company has a market cap of 816.58 million. [Read more...]

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Investors Are Selling These Stocks: HL, SUMR, CWTR, SVU, CORT, XCO

January 11, 2012 By Leave a Comment

Hecla Mining Co. (NYSE:HL) is down 24.32% this morning after the company cut 2012 silver production outlook. HL is currently trading at $4.44 with 19.3 million shares traded. HL is down on extremely heavy volume and has traded nearly 3 times its daily average volume. The company has a market cap of 1.20 billion. Sign Up For Our Free Weekly Newsletter

Summer Infant, Inc. (NASDAQ:SUMR) is down 21.46% in early trading at $5.38. SUMR has traded 498 thousand shares so far today, well above its daily average of 47 thousand shares. SUMR shares opened lower today after the company issued downside guidance. The company has a market cap of 92.36 million.

Coldwater Creek Inc. (NASDAQ:CWTR) is down 11.20% this morning at $0.9146. CWTR has traded 679 thousand shares today and trades 1.1 million shares a day on average. CWTR shares are taking a hit today after the company lowered fourth quarter EPS guidance below expectations. The company has a market cap of 112.55 million.

SuperValu Inc. (NYSE:SVU) is down 10.61% today at $7.50. SVU has traded 5.4 million shares so far today and is already above its daily average volume. SVU shares are getting hammered after posting a wider loss and cut sales view. The company has a market cap of 1.60 billion.

Corcept Therapeutics Incorporated (NASDAQ:CORT) is down 5.37% in early trading at $2.82. CORT has traded 264 thousand shares so far today, 100 thousand shares more than its daily average. CORT shares are down more than $0.60 a share in the past few days. The company has a market cap of 238.27 million.

EXCO Resources Inc. (NYSE:XCO) is down 4.58% today at $8.76. XCO has traded 2.4 million shares so far today and trades 3.1 million shares. XCO shares are down more than $1 a share since last Thursday. The company has a market cap of $8.75.

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NYSE Stocks Losing Ground In Midday Trading: PAY, HL, PVA, WFR, HMY, RENN

December 15, 2011 By Leave a Comment

VeriFone Systems, Inc. (NYSE:PAY) is down 6.83% at $37.78 in midday trading. PAY has traded 3.7 million shares so far today, well above its daily average of 1.8 million shares. VeriFone announced their fourth quarter earnings yesterday. The company saw revenue jump nearly 49%. The stock is down today though after VeriFone said it expected first quarter profit of $0.50-$0.52 per share. Analysts were expecting $0.53 per share. Verifone has a market cap of 3.99 billion.

Hecla Mining Co. (NYSE:HL) is down 5.41% today at $5.42. HL has traded 6.9 million shares so far today and trades 8.4 million shares a day on average. HL stock fell today after news of an incident at an Idaho mine. All of their workers are safe after a rock burst at the mine. The company has a market cap of 1.51 billion.

Penn Virginia Corporation (NYSE:PVA) is down 7.01% today at $4.51. PVA has traded 850 thousand shares so far today and trades 1.2 million shares a day on average. PVA stock has been trending downward since Monday and is down about $1.50 since then. Penn Virginia has a market cap of 207.52 million.

MEMC Electronic Materials Inc. (NYSE:WFR) is down 4.91% at $3.68 in midday trading. WFR has traded 3.7 million shares so far today and trades 7.9 million shares a day on average. WFR has been trending lower this week, falling from $4.40 last Friday. The company has a market cap of 846.06 million.

Harmony Gold Mining Co. (NYSE:HMY) is down 5.36% today at $11.84. HMY has traded 1.8 million shares so far today and trades 2.5 million shares a day on averarge. HMY stock has fallen nearly $2 a share since last Friday. Harmony Gold has a market cap of 5.11 billion.

Renren Inc. (NYSE:RENN) is down 4.44% at $3.44 in midday trading. RENN has traded 1.2 million shares today and averages 3.7 million shares daily. RENN is down today on news that China’s internet population is starting to stagnate. The company has a market cap of 1.35 billion.

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Silver Stocks in the Green: SSRI, EXK, CDE, HL, SLW

November 11, 2011 By Leave a Comment

Silver stocks are following the market upward today as well as silver prices. The current spot price for Silver is sitting at $34.64, an increase of $0.70.

Silver Standard Resources Inc. (NASDAQ:SSRI) is up $0.87 at $16.00, a gain of 5.75% today. SSRI has traded 1.5 million shares today, already matching its daily average volume. SSRI is bouncing back today after dropping from $19 to $15 yesterday following quarterly results. The company has a current market cap of 1.30 billion.

Endeavour Silver Corp. (NYSE:EXK) is up 6.29% at $11.98 in midday trading. EXK stock has traded 1.1 million shares today, about half its daily average with half the trading day left. EXK hit an intraday high of $12.05 earlier today. The company has a current market cap of 1.02 billion.

Coeur d’Alene Mines Corporation (NYSE:CDE) is up 5.28% today at $29.52. CDE has traded 973 thousand shares so far today with a daily average sitting at 2.2 million shares. CDE bounced back today after dipping from $29.50 to less than $27 on Wednesday and Thursday. The company has a current market cap of 2.66 billion.

Hecla Mining Co. (NYSE:HL) is up $0.32 at $6.64, a gain of 5% today. HL has traded 2.8 million shares so far today, and will likely trade less than its daily average of 8.7 million shares. The company has a current market cap of 1.86 billion.

Silver Wheaton Corp. (NYSE:SLW) is up $1.23 at $36.29, a gain of 3.57%. SLW has traded 2.2 million shares so far today with 7 million shares traded on average. The company has a current market cap of 12.85 billion.

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