Company Overview and News
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Technology continues to be one of the outperformers. In the year-to-date (“YTD”) period, NASDAQ Composite (“IXIC”) gained 25.9%. The Technology Select Sector SPDR ETF (“XLK”) has climbed 28.9% YTD. (129-0)
Roche’s (RHHBY - Free Report) member Genentech, announced interim results from a phase III study evaluating Tecentriq and Avastin plus chemotherapy for first-line treatment of advanced non-squamous non-small cell lung cancer (NSCLC). (55-0)
With the holiday season in full swing, Simon Property Group (SPG - Free Report) is leaving no stone unturned to attract consumer to its shopping malls. In its latest efforts to counter the e-retail pressure, this mall giant launched “Santa Messenger Bot” which will link retail experience with the digital world through Facebook Messenger. The Santa Bot add-on on Facebook Messenger will guide shoppers to purchase gifts by locating an appropriate retail outlet based on their interests and preferences. (34-0)
Shares of Iconix Brand Group Inc. (ICON - Free Report) fell 8.8% in yesterday’s trading session, as investors were dismayed by the company’s soft preliminary third-quarter 2017 results. However, figures are yet to be reviewed and finalized by the company. Iconix expects filing third-quarter results in the upcoming days, post completion of impairment testing. Let’s take a look into the current projections issued by the company. (33-4)
But the positive effect from the hefty crude inventory draw was more than offset by a massive build in gasoline supplies. On a further bearish note, domestic oil production maintained its steadily rising trend that continues to be the biggest headwind for the market. (38-0)
Investors are constantly striving to determine which industry or sector holds the most potential for capital gains. After a harrowing last year, the industrial sector seems to be back in favor this year amid a global growth backdrop. It was one of the most adversely impacted sectors last year stemming from weak commodity prices, reduced investment in the energy sector due to lower oil prices, poor economic conditions in some developed and developing nations, and Brexit. (29-0)
Shares of GoPro, Inc. (GPRO - Free Report) have plunged 25.8% since Nov 1, when the company announced its fourth-quarter outlook concurrent with the quarterly earnings release. In contrast, the industry has risen 4.6% since then. The action-camera maker reported decent third-quarter 2017 numbers, but disappointed investors with soft growth projections for the holiday season. (48-0)
China Petroleum & Chemical Corporation (SNP - Free Report) , also known as Sinopec, intends to lower exposure in African oil operations, per Reuters. The energy giant has decided to divest its resources in Nigeria and Gabon. According to the report, Sinopec has employed French financial services giant, BNP Paribas, to seek advice pertaining to the sale. During 2009, Sinopec disbursed as much as $7. (69-0)
Vancouver-based GoviEx Uranium Inc. is a growing Africa-focused uranium company with a strong shareholder base, a robust project development pipeline, jurisdictional diversification, considerable exploration potential, and one of the largest resource bases among publicly listed peers, with combined National Instrument 43-101 Measured & Indicated resources of 131.7 Mlbs U308 plus Inferred resources of 76. (12-0)
The directors of Connemara Mining Plc. (AIM: CON) are pleased to announce the appointment of Patrick Cullen in the new position of Chief Executive Officer. This is a non-Board appointment and is effective from 14 August 2017.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 6, 2017) - GoviEx Uranium Inc. (TSX VENTURE:GXU) ("GoviEx") is pleased to announce the execution of a definitive agreement (the "Purchase Agreement") with African Energy Resources Ltd. (ASX:AFR) ("African Energy") to acquire African Energy's uranium mineral interests in Zambia (the "Transaction"). The Transaction is intended to unify prospective uranium properties adjacent to, and contiguous with, GoviEx's Mutanga Mine Permits in Zambia.
* Says to acquire three office properties located in Greater Toronto Area and Fredericton for an aggregate purchase price of $165 million
(In Feb 27 item, corrects headline and first paragraph after CNBC transcript of Buffett interview shows size of Berkshire Hathaway's 2017 share purchase was "70 million plus" shares, not 120 million.)
Power project developer African Energy Resources Ltd (ASX:AFR) has received a commitment from its Sese JV partner First Quantum Minerals Ltd (TSE:FM) to spend $3 million on work programs to advance the Sese integrated power project in Botswana. The Sese project is under the management of First Quantum and funded by that company. It will invest up to $20 million in the Sese JV. Many African nations are chronically short of reliable base-load power, particularly South African and Zambia.
Exterra Resources Ltd (ASX:EXC) has gold projects located in the NE Goldfields region of Western Australia and holds an option to acquire a lithium project.