Baystreet.ca RSS Feed http://www.baystreet.ca/rss/MasterRSS.aspx en-us Copyright (c) 2017 Baystreet.ca Inc. All rights reserved. 6/27/2017 11:40:58 PM <![CDATA[OceanaGold "OUTPERFORM"]]>Tue, 27 Jun 2017 11:59:00 ESThttp://baystreet.ca/articles/analyst_ratings.aspx?31066<![CDATA[Statoil Economist Predicts $60 Oil “Relatively Soon”]]>Tue, 27 Jun 2017 01:13:00 ESThttp://baystreet.ca/articles/commodities.aspx?id=1103Tuesday, June 27, 2017


Statoil Economist Predicts $60 Oil “Relatively Soon”


Oil prices will jump over $60 "relatively soon," according to Statoil chief economist Eirik Waerness, who spoke to Bloomberg on Monday.

According to Waerness, $60 barrel is unlikely to happen as soon as tomorrow, but the goal will be met sooner, rather than later, on a 2050 timeline. A series of "surprises" have affected the recovery of oil prices over the past three years, causing previous forecasts to be inaccurate.

"The fact that we have so much oil in storage for so long has been a surprise," Waerness said. "The resilience of U.S. shale oil producers to actually step up production once prices came above $50 is a surprise. An ongoing surprise is that we keep production stable outside of the OPEC and non-US countries for so long."

He said oil prices should tighten with the next five years, describing the slow recovery as a "patience game." Non-OPEC nations must also cut production in order to reverse the supply glut.

"At some point this level is not sustainable," the economist added.

The Organization of Petroleum Exporting Countries (OPEC) agreed to cut output by 1.2 million barrels per day in November as part of an effort to reduce the crude supply glut. Oil prices initially rose above $50 when the reduction began in January, but have become bearish in recent weeks as Libya, Nigeria, the United States and other producers continue to increase output.

Brent crude slipped below $45 on Wednesday, reaching its lowest price since last November, according to Bloomberg last week.

"There's a sea of negativity," Maxwell Gold of ETF Securities LLC said. "This is much more a story of sentiment weighing on the markets."

The U.S. Energy Information Administration reported a 2.5-million-barrel draw on domestic inventories on Wednesday, but the news was not enough to boost West Texas Intermediate (WTI) prices, which have fallen 22 percent from a peak in January.

By Zainab Calcuttawala for Oilprice.com

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<![CDATA[Antitrust Violations Add up to Whopping Fine for Google ]]>Tue, 27 Jun 2017 10:38:00 ESThttp://baystreet.ca/articles/techinsider.aspx?id=832Tuesday, June 27, 2017

Antitrust Violations Add up to Whopping Fine for Google


European Union regulators fined Google (NASDAQ: GOOGL) a record 2.4 billion euros ($2.7 billion U.S.) Tuesday, ruling that the search-engine giant violated antitrust rules for its online shopping practices.

The fine is the largest meted out by Brussels for a monopoly abuse case and has resulted from a seven-year-long investigation.

Probes were triggered after the European Commission received dozens of complaints from U.S. and European competitors who claimed that the search engine company abused its search market dominance to give its Google Shopping service an advantage over other retailers and create a monopoly over consumers.

Though Google has faced charges involving distorting internet results by the EU competition authority in April 2015, it has not before faced fines for an abuse of this nature and marks a landmark for the way technology companies are regulated.

The business has been given 90 days to cease these practices or face further penalties. This may include non-compliance payments of up to 5% of Google parent Alphabet's daily worldwide turnover.

Google said it will consider appealing the decision to the European Court of Justice, which will be its final hope of undoing the charges.

As part of parent firm Alphabet, Google could have been slapped with a charge of up to $9 billion U.S. based on its 2016 turnover. While the final bill fell short of this, it eclipses the one-billion-euro ($1.45-billion U.S.) fine doled out to chipmaker Intel (NASDAQ: INTC) in 2009.

Mid-morning Tuesday, Alphabet shares gave back $10.37, or 1.1%, to $961.72

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<![CDATA[Economic Calendar]]>Tue, 27 Jun 2017 11:40:58 ESThttp://baystreet.ca/articles/econ_calendar.aspx?id=18125June 2017
 

DATE

STATISTIC FOR CURRENT MONTH PREVIOUS MONTH
Thursday, June 01, 2017 Markit Canada Manufacturing PMI: 9:30am May The seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index posted 55.1 in May, down only slightly from April’s six-year peak of 55.9. As a result, the average reading for the second quarter of 2017 so far (55.5) points to the strongest improvement in business conditions since Q1 2011. The headline index has registered above the 50.0 no-change value in each month since March 2016. At 55.9 in April, up from 55.5 in March, the seasonally-adjusted Manufacturing Purchasing Managers’ Index registered above the 50.0 no-change threshold for the 14th month running.
Friday, June 02, 2017 Canadian International Merchandise Trade: 8:30am April Canada's merchandise trade balance with the world narrowed to a $370 million deficit in April. Exports rose 1.8% while imports were up 0.6%. Canada's merchandise trade balance with the world posted a $135-million deficit in March. Exports rose 3.8% while imports were up 1.7%.
Tuesday, June 06, 2017 IVEY Purchasing Managers Index: 10:00am May The index shrank to 53.4 in May, compared to 62.4 in April and 49.4 in May 2016 The index jumped in April to 62.4, compared to 61.1 in March and 53.1 in April 2016
Wednesday, June 07, 2017 Building Permits: 8:30am April Canadian municipalities issued $7.1 billion worth of building permits in April, down 0.2% from March, a third consecutive monthly decrease The value of building permits issued by Canadian municipalities fell 5.8% to $7.0 billion in March, marking a second consecutive monthly decrease.
Thursday, June 08, 2017 Housing Starts: 8:15am May The trend in housing starts was 214,621 units in May, compared to 213,435 units in April Canada Mortgage and Housing Corporation reported that housing starts trended higher at 213,768 units in April, compared to 210,702 units in March
Thursday, June 08, 2017 New Housing Price Index: 8:30am April Buyers of new homes in Canada saw prices rise 0.8% in April, the largest monthly increase since May 2016. The New Housing Price Index rose 0.2% in March compared with the previous month.
Friday, June 09, 2017 Labour Force Survey: 8:30am May Employment rose by 55,000 in May, spurred by an increase in full-time work (+77,000). At the same time, the unemployment rate rose by 0.1 percentage points to 6.6%, the result of more people participating in the labour market. Employment was little changed in April, while the unemployment rate declined 0.2 percentage points to 6.5%, the lowest rate since October 2008.
Thursday, June 15, 2017 Monthly Survey of Manufacturing: 8:30am April Manufacturing sales rose 1.1% to a record high $54.4 billion in April, mainly due to higher sales in the petroleum and coal product, and primary metal industries. Manufacturing sales increased 1.0% to a record $53.9 billion in March, reflecting higher sales in the transportation equipment and food industries.
Thursday, June 15, 2017 CREAstats - MLS Sales: 8:30am May The Canadian Real Estate Association said resales of Canadian homes dropped 6.2% in May from April as Toronto sales plunged 25.3%. CREA said new housing policy changes sideswiped demand and new listings rose again The Canadian Real Estate Association reported that resales of Canadian homes fell 1.7% in April from record highs in March as new listings spiked. CREA said actual sales, not seasonally-adjusted, were down 7.5% from April 2016, while home prices were up 19.8% from a year ago, according to the group's home price index.
Friday, June 16, 2017 Canada's International Transactions in Securities: 8:30am April Foreign investment in Canadian securities totaled $10.6 billion in April, mainly acquisitions of government debt instruments. At the same time, Canadian investors reduced their holdings of foreign securities by $9.9 billion, the largest divestment since January 2016. Foreign investment in Canadian securities amounted to $15.1 billion in March, largely in Canadian corporate instruments. At the same time, Canadian investors added $15.4 billion of foreign securities to their holdings, led by acquisitions of U.S. equities.
Tuesday, June 20, 2017 Wholesale Trade: 8:30am April Wholesale sales increased 1.0% to $61.0 billion in April, a seventh consecutive monthly advance. Wholesale sales rose 0.9% in March and surpassed the $60-billion mark for the first time.
Thursday, June 22, 2017 Employment Insurance: 8:30am April The number of regular Employment Insurance beneficiaries fell by 7,000, or 1.3%, to 541,200 in April, a sixth consecutive monthly decline. In March, 551,100 people received regular Employment Insurance benefits, down 2,900 or 0.5% from February.
Thursday, June 22, 2017 Retail Trade: 8:30am April Retail sales rose 0.8% to $48.6 billion in April. Sales were up in nine of 11 sub-sectors, representing 71% of total retail trade Following a 0.4% decline in February, retail sales rose 0.7% in March to $48.3 billion, on the strength of higher sales at motor vehicle and parts dealers. Sales were up in six of 11 sub-sectors, representing 53% of total retail trade.
Friday, June 23, 2017 Consumer Price Index: 8:30am May The Consumer Price Index rose 1.3% on a year-over-year basis in May, following a 1.6% increase in April. On a seasonally adjusted monthly basis, CPI was down 0.2% in May, after increasing 0.4% in April. The Consumer Price Index rose 1.6% on a year-over-year basis in April, matching the increase in March. On a seasonally adjusted monthly basis, CPI was up 0.5% in April, after decreasing 0.2% in March.
Thursday, June 29, 2017 Average Weekly Earnings April --- Average weekly earnings of non-farm payroll employees were $966 in March, little changed from February and up 0.9% from March 2016.
Friday, June 30, 2017 Raw Materials Price Index: 8:30am May --- The Raw Materials Price Index increased 1.6% in April, mainly as a result of higher prices for crude energy products.
Friday, June 30, 2017 Industrial Product Price Index: 8:30am May --- The Industrial Product Price Index rose 0.6% in April, mainly due to higher prices for energy and petroleum products.
Friday, June 30, 2017 GDP: 8:30am April --- Real gross domestic product increased 0.5% in March, following no change in February.
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<![CDATA[Mfg. Sector has Changed with Years: StatsCan Study ]]>Tue, 27 Jun 2017 10:20:00 ESThttp://baystreet.ca/articles/economiccommentary.aspx?id=1887Mfg. Sector has Changed with Years: StatsCan Study


Besides being a resource-based economy, Canada has also traditionally been powered by the ups and downs in the manufacturing sector.

Over much of our economic history, real output growth from manufacturing broadly kept pace with output growth from the business sector overall, as declines in some manufacturing industries were more than offset by growth in others.

A new study released Tuesday by Statistics Canada shows that this changed markedly after 2000, as the Canadian manufacturing sector adjusted to significant changes in the global economic environment, including: the bursting of the tech bubble in 2001; the global commodity price cycle; the appreciation of the Canadian dollar vis-à-vis the U.S. dollar; and stronger competition from abroad.

So, after 2000, manufacturing output growth leveled off and then declined sharply.

The agency goes on to say much of this change was pointed up by the recession in 2008-09. Real output in manufacturing declined at an annual average rate of about 9% during the recession, compared with a less than 2% average annual contraction in the business sector overall.

Following the end of the recession, the recovery in manufacturing was the slowest since the Second World War, as the sector did not return to pre-recession levels for nearly six years. Real output in this sector remains significantly lower than peak levels observed in 2006

Weakness in our durable goods industries has heavily influenced the manufacturing sector since 2000. This weakness was felt especially hard in the transportation equipment industry, and largely due to declines in motor vehicles and parts production. However, compared to the United States, the Canadian transportation equipment industry had a similar impact on growth in the manufacturing sector; therefore, this sector does not explain the relative differences in manufacturing output between the two countries.

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<![CDATA[Asia Markets Mixed on Bank Word]]>Tue, 27 Jun 2017 07:56:00 ESThttp://baystreet.ca/articles/foreignmarketwrap.aspx?id=2652Tuesday, June 27, 2017

Asia Markets Mixed on Bank Word


Markets in Asia closed mixed on Tuesday as traders hearkened to central bankers' speeches for clues.

The Nikkei 225 gained 71.74 points, or 0.4%, to 20,225.09

The Hang Seng Index dropped off 31.9 points, or 0.1%, to 25,839.99

Media reports in Japan say Toshiba could sign an agreement for the sale of its memory chip unit to a government-led consortium as soon as Tuesday. Western Digital, which jointly runs Toshiba's main semiconductor plant, remains opposed to the sale. Toshiba shares declined 1.7% to close at 293 yen each.

Australian natural healthcare company Blackmores announced that the company's chief executive officer would be leaving. The company has asked Marcus Blackmore, its director, to take on the interim CEO position. Shares of the company closed down 4.4% at 89.81 Australian dollars each.

A host of small-cap Hong Kong shares across sectors sold off. Greater China Professional Services tumbled by 93.8% and China Jicheng plunged 93.9%.

The markets were keeping an eye on potential developments in central bank rhetoric, with the European Central Bank Forum currently taking place in Portugal and U.S. Federal Reserve Chair Janet Yellen due to speak in London on Tuesday.

Investors also digested the outcome of the first meeting between Indian Prime Minister Narendra Modi and U.S. President Donald Trump Monday. The two leaders discussed issues relating to trade and defense.

Against the yen, the U.S. dollar strengthened to trade near a five-week high earlier in the session. The dollar/yen ceded some gains to last trade at 111.67.

In other markets

The CSI 300 added 6.63 points, or 0.2%, to 3,674.72

In Taiwan, the Taiex index faded 1.9 points to 10,512.06

In Korea, the Kospi index gained 3.29 points, or 0.1%, to 2,391.95

In Singapore, the Straits Times Index returned from a long weekend to gain 10.06, or 0.3%, to 3,219.53

In New Zealand, the NZX 50 hiked 30.85 points, or 0.4%, to 7,626.35

In Australia, the ASX 200 deleted 5.97 points, or 0.1%, to 5,714.19



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<![CDATA[U.S. Confidence Tops Forecasts ]]>Tue, 27 Jun 2017 10:40:00 ESThttp://baystreet.ca/articles/globalmarkets.aspx?id=1881Americans who answered a new poll are genuinely pleased with the direction their economy is taking.

Figures released Tuesday by the U.S. showed the Consumer Confidence Index rose in June to 118.9, near a 16-year high, despite expectations for it to drop.

The consensus was for economists expecting the index to drop slightly to 116 for June.

Last month, the Board's index dipped to 117.9, down from its April reading

Survey respondents saying business conditions are "good" increased to 30.8% from 29.8% while those saying business conditions are "bad" declined to 12.7% from 13.9%.

Consumer's expectations for the labor market were also positive, with those saying jobs are "plentiful" rising to 32.8% from 30%, and those claiming jobs are "hard to get" dipping slightly to 18%from 18.3%

For the short-term outlook, said the Conference Board, consumers were less optimistic. Those expecting business conditions to improve over the next six months decreased to 20.4% from 21.5%. However, those expecting business conditions to worsen declined marginally to 9.9% from 10.3%

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<![CDATA[IPO Center - TSX-V]]>Wed, 09 Dec 2015 12:00:00 ESThttp://baystreet.ca/articles/ipo_tsx.aspx?id=10023 Company Name Ticker Date BioNeutra Global Corporation BGA 09-12-2015 International Datacasting Corporation IDC 14-12-2015 Buffalo Coal Corp. BUF 18-12-2015 Orezone Gold Corporation ORE 21-12-2015 IDM Mining Ltd. IDM 30-12-2015 Percy Street Capital Corporation PSC 12-01-2016 New Global Acreage Resources Ltd. RAP.P 13-01-2016 McorpCX, Inc. MCX 03-02-2016 Nurcapital Corporation Ltd. NCL 04-02-2016 CaNickel Mining Limited CML 05-02-2016 Axios Mobile Assets Corp. AXA 29-02-2016 Brassneck Capital Corp. BC.P 15-03-2016 MDN Inc. MDN 31-03-2016 Black Lion Capital Corp. BLC 01-04-2016 CUP Capital Corp. CPU 08-04-2016 Nobelium Tech Corp. NBL.P 13-04-2016 Spada Gold Ltd. SPL 14-04-2016 Era Resources Inc. ERX 18-04-2016 Helius Medical Technologies, Inc. HSM 18-04-2016 Huffington Capital Corporation HU.P 19-04-2016 Nova Leap Health Corp. NLH.P 26-04-2016 Targeted Microwave Solutions Inc. TMS 17-05-2016 Cortina Capital Corp. CCN 17-05-2016 Mercal Capital Corp. MUL 18-05-2016 Westshire Capital II Corp. WSH 31-05-2016 IMEX Systems Incorporated IMX 14-06-2016 Kneat.com Inc. KSI 05-07-2016 Fortune Bay Corp. FOR 05-07-2016 GoviEx Uranium Inc. GXU 11-07-2016 Mbac Fertilizer Inc. MBC 12-07-2016 H-Source Holdings Ltd. HSI 25-07-2016 Mariana Resources MRA 26-07-2016 Cardero Resource Corp. CDU 02-08-2016 Austral Gold Limited AAM 22-08-2016 Filo Mining Corp. FIL 26-08-2016 Jura Energy Corporation JEC 01-09-2016 Northwest Arm Capital Inc. NWA 12-09-2016 Aurora Cannabis Inc. ACB 05-10-2016 European Commercial Real Estate Limited ERE.P 07-10-2016 Starlight U.S. Multi-Family (No. 5) Core Fund SUA.A 13-10-2016 IsoEnergy Ltd. ISO 19-10-2016 Metalore Resources Limited MET 14-11-2016 Trusted Brand 2016 Inc. HAH.P 30-11-2016 FP Newspapers Inc. FP 22-11-2016 Zazu Metals Corporation ZAZ 01-12-2016 Lite Access Technologies Inc. LTE 13-12-2016 Global Gardens Group Inc. VGM 03-01-2017 Soleil Capital Corp. SOLE.P 30-01-2017 Adventus Zinc Corporation ADZN 09-02-2017 Superior Gold Inc. SGI 23-02-2017 Global Energy Metals Corporation GEMC 01-03-2017 Harbour Star Capital Inc. HSC 06-03-2017 Kanzen Capital Corp. KAN.P 07-03-2017 CanadaBis Capital Inc. CANB.P 10-03-2017 Essex Minerals Inc. ESX 15-03-2017 HAW Capital Corp. HAW.P 21-03-2017 Avanco Capital Corp. AAA.P 22-03-2017 Snobro Enterprises Inc. SIQ.P 30-03-2017 Invictus MD Strategies Corp IMH 31-03-2017 Organic Garage Ltd. OG 13-04-2017 Buffalo Capital Inc. BUFF.P 27-04-2017 Minco Gold Corporation MMM 01-05-2017 Aztec Minerals Corp. AZT 02-05-2017 Hope Well Capital Corp. HOPE.P 09-05-2017 22 Capital Corp. LFC.P 12-05-2017 Aumento Capital VI Corporation AUO.P 19-05-2017 Fireweed Zinc Ltd. FWZ 29-05-2017 Pinedale Energy Ltd. MCF 02-06-2017 Pinedale Energy Ltd. MCF 02-06-2017 Canadian Mining Corp. CNG 05-06-2017 Contact Gold Inc. C 07-06-2017 Trifecta Gold Ltd. TG 15-06-2017 Starlight U.S. Multi-Family (No. 1) Value-Add Fund SUV.A 16-06-2017 P Squared Renewables Inc. PSQ.P 21-06-2017]]><![CDATA[Stocks Stagger to Negative Finish]]>Tue, 27 Jun 2017 04:25:00 ESThttp://baystreet.ca/articles/marketupdates.aspx?id=6349Tuesday, June 27, 2017

16:25 PM EST
Stocks Stagger to Negative Finish

Tech, Health-care Weigh Most



Equities in Canada’s biggest market subsided Tuesday by the closing bell, as losses in tech and health-care outweighed gains in energy and consumer staple issues.

The S&P/TSX Composite Index dipped 34.8 points to close Tuesday’s session at 15,281.22

The Canadian dollar gained 0.5 cents to 75.95 cents U.S.

Tech issues were among those taking the brunt of Tuesday’s negative trend, as BlackBerry collapsed 43 cents, or 3.2%, to $13.16, while Constellation Software tumbled $17.48, or 2.5%, to $694.51

Among health-care concerns, Canopy Growth Corporation fell 49 cents, or 5.8%, to $7.97, while Valeant Pharmaceuticals slipped 75 cents, or 3.3%, to $21.86.

Gold stocks also took their lumps, as Barrick Gold lost 48 cents, or 2.2%, to $21.17, while Goldcorp swooned 55 cents, or 3%, to $17.58.

Energy stocks moved higher, however, as Cenovus Energy gained 40 cents, or 4.4%, to $9.55, while Suncor galloped 42 cents, or 1.1%, to $38.49.

Consumer staples prospered too, as Metro picked up seven cents to $43.24, while Loblaw Companies grew 30 cents to $73.39.

In the financial field, Manulife gained 18 cents to $23.71, while Bank of Montreal took on 27 cents to $94.30.

ON BAYSTREET

The TSX Venture Exchange shed 2.05 points to 769.86

All but three of the 12 TSX subgroups were lower to end the session, as information technology concerns dwindled 2.4%, health-care fell 2.2%, and gold docked 1.5%.

Energy and consumer staples were co-leaders among gainers, up 0.7% each, while financials inched up 0.1%

ON WALLSTREET

U.S. equities closed lower on Tuesday as large-cap technology stocks fell more than 1%, while a Senate vote delay raised heighten policy uncertainty.

The Dow Jones Industrials reeled 98.89 points at 21,310.66, with 3M and Apple leading decliners. The index fell after multiple reports said the Senate will hold off on voting on a bill to repeal and replace Obamacare until after the July 4 recess.

The S&P 500 got punished 19.69 points to 2,419.38,

The NASDAQ stumbled 100.53 points, or 1.6%, to 6,146.62, as shares of Google-parent Alphabet fell more than 2%. The European Union fined Google a record $2.7 billion U.S., as regulators ruled the company violated antitrust rules.

Shares of Facebook, Netflix and Amazon followed Alphabet lower, closing at least 1.5% lower.

Technology stocks have been closely watched by Wall Street this year as the sector has outperformed. Entering Tuesday's session, the sector had gained nearly 20% so far this year.

In economic news, consumer confidence for June topped expectations, hitting 118.9. Economists expected a print of 116.

Prices for the benchmark 10-year Treasury note stumbled, raising yields to 2.21% from Monday’s 2.14%. Treasury prices and yields move in opposite directions.

Oil prices vaulted 88 cents to $44.26 U.S. a barrel

Gold prices gained $3.60 to $1,250.00 U.S. an ounce.





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<![CDATA[Stocks in Play: Novagold Resources Inc. ]]>Tue, 27 Jun 2017 09:41:17 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22956Tuesday, June 27, 2017

09:41 AM EST - Novagold Resources Inc. : Released second-quarter financial results and updates for its flagship 50%-owned Donlin Gold project in Alaska and its 50%-owned Galore Creek copper-gold-silver project in British Columbia. Net loss in the second quarter decreased from $9.1 million ($0.03 per share) in 2016 to $8.5 million ($0.03 per share) in 2017 and decreased for the first six months from $19.1 million ($0.06 per share) in 2016 to $18.6 million ($0.06 per share) in 2017. Novagold Resources Inc. (T.NG) shares were unchanged at 6.06.

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<![CDATA[Stocks in Play: ID Watchdog, Inc.]]>Tue, 27 Jun 2017 09:41:17 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22957Tuesday, June 27, 2017

09:42 AM EST - ID Watchdog, Inc. : Was honoured by Benefitfocus at their One Place 2017 Celebrate Community Awards with an Outstanding Communicator Award in 2017. The Benefitfocus community selects one employer, one insurance carrier and one partner recipient each year. ID Watchdog, Inc. (V.IDW) shares were unchanged at 0.51.

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<![CDATA[Stocks in Play: Metallis Resources Inc.]]>Tue, 27 Jun 2017 09:41:17 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22958Tuesday, June 27, 2017

09:43 AM EST - Metallis Resources Inc. : Has closed the second and final tranche of its private placement raising proceeds of $157,320. This is in addition to the $338,980 raised in the first tranche, for total proceeds of $496,300. Metallis Resources Inc. (V.MTS) shares were unchanged at 0.16.

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<![CDATA[Stocks in Play: Assure Holdings Corp.]]>Tue, 27 Jun 2017 09:41:17 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22959Tuesday, June 27, 2017

15:19 PM EST - Assure Holdings Corp. : Says its shares will be listed on the Frankfurt Stock Exchange under the symbol "14G". The Frankfurt Stock Exchange is one of the worlds largest trading centers for securities, and the largest of Germany's seven stock exchanges. The Company believes listing in Germany will give the Company greater exposure to a European-based investor audience. Assure Holdings Corp. (V.IOM) shares were down $0.03 at 2.08.

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<![CDATA[Stocks in Play: Pretium Resources Inc.]]>Tue, 27 Jun 2017 09:41:17 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22960Tuesday, June 27, 2017

15:21 PM EST - Pretium Resources Inc. : Has negotiated a non-brokered private placement consisting of 329,000 flow-through common shares of Pretivm at a price of $15.20 per share for gross proceeds of approximately $5 million. Pretium Resources Inc. (T.PVG) shares were down $0.09 at 12.55.

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<![CDATA[Stocks in Play: TransCanada Corporation]]>Tue, 27 Jun 2017 09:41:17 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22961Tuesday, June 27, 2017

15:23 PM EST - TransCanada Corporation : Has established an at-the-market equity program (ATM Program) that allows the Company to issue common shares from treasury (Common Shares) having an aggregate gross sales price of up to $1.0 billion or its U.S. equivalent, to the public from time to time, at the Company's discretion, at the prevailing market price when issued on the Toronto Stock Exchange, the New York Stock Exchange or on any other existing trading market for the Common Shares in Canada or the United States. TransCanada Corporation (T.TRP) shares were down $0.14 at 62.75.

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<![CDATA[Stocks in Play: QYOU Media]]>Tue, 27 Jun 2017 09:41:17 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22962Tuesday, June 27, 2017

15:24 PM EST - QYOU Media : Has expanded its partnership with Tata Sky, India's leading content distribution platform, in the largest single-territory deployment of its linear channel to date. Previously available through Tata Sky's mobile app, this broader deal will make QYOU's 24/7 service of online video content available to 17 million Tata Sky connections across television and mobile. QYOU Media (V.QYOU) shares were up $0.05 at 0.49.

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<![CDATA[Stocks in Play: Canopy Growth Corporation]]>Tue, 27 Jun 2017 09:41:17 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22963Tuesday, June 27, 2017

15:26 PM EST - Canopy Growth Corporation : Released its financial results for the fiscal year ended March 31, 2017. Revenue was $39.9 million; an increase of 214% over fiscal year 2016 revenues of $12.7 million. Adjusted EBITDA amounted to a loss of $17.0 million compared to an Adjusted EBITDA loss of $14.1 million in fiscal year 2016. Canopy Growth Corporation (T.WEED) shares were down $0.50 at 7.96.

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<![CDATA[Stocks in Play: Memex Inc.]]>Tue, 27 Jun 2017 09:41:17 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22964Tuesday, June 27, 2017

15:28 PM EST - Memex Inc. : Announced today that in the six weeks ending June 21 it has received more than $380,000 of purchase orders. These are an aggregate of net-new orders and follow-on orders from existing customers. Memex Inc. (V.OEE) shares were up $0.045 at 0.19.

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<![CDATA[Investors Take Note: Exploration at Glacier Lake’s Silver Vista Project Around Corner]]>Tue, 27 Jun 2017 08:00:00 ESThttp://baystreet.ca/articles/stockstowatch.aspx?id=1928Tuesday, June 27, 2017

Investors Take Note: Exploration at Glacier Lake’s Silver Vista Project Around Corner


If the swing pattern continues, metals should be about ready to stop the recent multi-week decline and reverse into several green weeks. In the bigger picture, metal players will be looking for things like spot silver making a new higher low to follow a path upward from $13.62 in December 2015, $15.68 in December 2016 and $16.06 last month to signal some bullishness for the long-term.

In the developmental space, traders should start looking for news of exploration commencing at Silver Vista, the flagship project of Glacier Lake Resources, Inc. (TSX-Venture:GLI). The sprawling project covers 246 square kilometers (24,639 hectares) in north-central British Columbia, Canada about 55 kilometers northeast of Smithers.
Glacier Lake is looking to build upon the promising work of others before them, most recently Amarc Resources, since mineralization was discovered in 1990. Last month, Glacier Lake completed its transaction involving an option for 100% ownership of the project, less a net smelter royalty, and they’re not wasting time digging in. After sitting idle for about four years against the backdrop of tough mining conditions, Glacier Lake is ready to get drills mobilized to prove out the property’s resources.

Hopes are high based upon the property containing a sedimentary hosted copper-silver deposit. These are the type of deposits that are most attractive to miners, underscored by knowledge that the Zambian Copper Belt, the same type of deposit, has produced over one billion metric tonnes of copper at a grade of 2.7%. The prolific Montanore Deposit in Montana, with its Measured & Indicated resources of 82 million tonnes @ 58 g/t silver and 0.75% copper, is another example of the prolific reserves stashed in a sedimentary hosted copper-silver deposit.
That’s the reason that majors like BHP Billiton (NYSE:BHP), Teck Resources (TSX:TECK) and Poland’s KGHM International (WSE: KGH) all have exploration efforts focused on this type of deposit.

Backstopped by a recent $500,000 raise, Glacier Lake contracted Mammoth Geological Ltd. to kick-off the 2017 exploration plan with a first pass, consisting of property reconnaissance, prospecting and sampling, at the end of this month. Later this summer, Glacier Lake plans to drill about 2,600 meters to better define the property.
The company hopes to add to compelling data sets of others that through surveys, sampling and 1,252 meters of drilling outlined an anomaly that is 1,200 meters long, up to 300 meters wide and still open to the southeast. Highlights from the limited drilling included a cut of 2.84 meters averaging 195.7 grams per tonne silver at 3.65% copper. Other discovery work has identified drill targets with grades as high as 93.2 g/t silver, 1,084 g/t copper and 6.33 g/t gold.

A NI 43-101 compliant VTEM survey in March earned the property the nickname the “purple monster” due to areas of strong conductivity – indicated high levels of metals – showing purple in the survey results.

The whole gamut of miners have largely been underappreciated, but with GLI sitting on a support level at only 9 cents per share with exploration activity looming any day now, the company likely will draw some interest from value investors taking note of the tiny market cap of only $2.4 million.

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<![CDATA[USD/CAD - Loonie at 2-Wk. High]]>Tue, 27 Jun 2017 09:45:46 ESThttp://baystreet.ca/articles/forex_trader.aspx?id=31075
With little in the area of economic data to report today, traders will focus on lead central bankers' speeches. European Central Bank President Mario Draghi spoke earlier on continuing stimulus in the euro-zone, while Bank of England Governor Mark Carney gives his Financially Stability Report, and U.S. Federal Reserve Chair Janet Yellen speaks on the global economy in London, England later today. The market is likely expecting the Fed to pursue a slower pace in raising interest rates when looking at the "Dot Plot" released two weeks ago. The greenback lost ground against its major trading peers as commodities move slightly higher and the dollar index drops to 96.86 with major support seen at 96.51.

Traders expect a range today of $1.3157 to $1.3245

Back to Draghi, he spoke yesterday and reassured the market that factors softening inflation is temporary and will soon be changing on rising inflation. However, the ECB still requires the help of monetary policy to support its objectives. The euro jumped towards its upper two-week range on the cautiously optimistic tone. In other news, the European Union fined Google EUR 2.4 billion for abusing its search engine dominance. The euro is currently trading at 1.4895.

Experts expect a range today of $1.4858 to $1.4948

Confederation of British Industries Sales in June reported higher than expected with Retailing Reported Sales at 12 when two was expected, and Total Distributed Reported Sales at 17 when 15 was expected. Carney spoke at the Financial Stability Report Press Conference and ordered British Banks to increase their capital with the growing credit fears of consumers. The pound sterling is currently trading at 1.2755.

Those in the know expect a range today of $1.6825 to $1.6915

The Australian dollar jumped higher during the overnight trading session and tested a new one-week high. The surge was mainly led by a weaker U.S. dollar and positive news from China which also gave the yuan a boost. Chinese industrial profits increased 16.7% in May. In his speech during the opening ceremony of "Summer Davos" in Dalian, Chinese Premier Li also said China would push structural supply-side reforms, tax cuts and fees for firms. He also reaffirmed that China would keep macro policies stable and implement proactive fiscal policies.

Oil (WTI): $43.80 U.S. per barrel

Gold: $1,249.95 U.S. per ounce

Silver: $16.64 U.S. per ounce

Copper: $2.64 U.S. per tonne

Dollar Index: 97.39
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<![CDATA[Chesapeake Energy (CHK) falls below $5]]>Tue, 27 Jun 2017 01:01:59 ESThttp://www.baystreet.ca/articles.aspx?id=38039 Chesapeake Energy’s stock will respond favorably to natural gas prices improving. Seasonal strength returns in a few months and if it becomes unusually cooler, demand will improve. Natural gas usage also rises with electricity demand. As air conditioning usage peaks during the hot summer, natural gas is used for gas turbines.
Balance Sheet Worries
Looking beyond the dynamics in energy demand and supply, investors fret over Chesapeake Energy’s debt levels. The company refinanced its long term debt but needs sustained cash flow growth to keep debt manageable. Conservative investors may consider buying larger oil companies for exposure in the energy market. Exxon Mobil (XOM) and BP plc (BP) have a healthier balance sheet and flexibility in cutting debt levels or operating at lower energy price points. These vertically integrated companies also pay a dividend and could weather a sustained downturn in the energy market.
Takeaway
Sentiment for CHK stock is clearly negative. This could pull the stock lower for the next few weeks. Once selling subsides, consider starting a small position in the natural gas supplier.
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<![CDATA[Amarin Enjoys Early Success on Ratings News]]>Tue, 27 Jun 2017 09:40:15 ESThttp://www.baystreet.ca/articles.aspx?id=38038Wainwright harbors the opinion that the CANTOS study validates the mechanism and commercial upside to REDUCE-IT.

The analyst stated NVS’ outcome study supports its bull argument of an asymmetric risk-reward for Vascepa ahead of REDUCE-IT readout. There was no change to the price target of $10.00.

Two weeks ago, the New Jersey-based Amarin announced EPA-related data. One of which contained analysis of the ANCHOR study, further characterizing the efficacy and safety of prescription pure EPA Vascepa® (icosapent ethyl) in the subgroup of statin-treated women with persistent high triglycerides and diabetes mellitus type 2.

The study showed that, compared with placebo, Vascepa reduced triglyceride levels and several other potentially atherogenic lipid parameters and inflammatory markers, and significantly increased blood EPA levels.

Amarin’s efforts are focused on the commercialization and development of therapeutics to improve cardiovascular health. Its product development program leverages its extensive experience in lipid science and the potential therapeutic benefits of polyunsaturated fatty acids. Vascepa® (icosapent ethyl) is Amarin's first FDA approved product and is available in the United States by prescription.

The company’s shares gained 14 cents, or 4.3%, to $3.60, in the first hour of trading on Tuesday.
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<![CDATA[5 Big Plays As Gold Markets Heat Up]]>Tue, 27 Jun 2017 09:12:19 ESThttp://www.baystreet.ca/articles.aspx?id=38037
Bitcoin prices have more than doubled in the year-to-date, while those of its closest peer, Ethereum, are up an eye-popping 4,500 percent.

Yet, extreme volatility by digital currencies makes them a poor hedge against future uncertainties. Bitcoin has a downward deviation SIX times greater than gold's, making it extremely risky for use as currency.

Gold remains the pre-eminent and time-tested safe haven asset for hedging against macroeconomic upheavals.

Evidence keeps piling up: Future supply of the world's most important precious metal is now under threat. After years of falling gold prices, major miners everywhere have been forced to slash their exploration budgets, with many downsizing operations or completely shutting down.

Prior to the gold rally of 2017, gold prices had been falling since 2008 as economies around the world gradually improved in the post-financial crisis period, forcing producers to fold up operations. Even today, no new big mines are being developed across the world.

The spectacular collapse of South Africa's gold industry, formerly the world's largest, was the classic canary in a coal mine. At just 140 metric tonnes per year, the country's current production is a far cry of what it was a couple of decades ago.



Source: Zero Hedge

The situation in South Africa foreshadowed a coming decline in global production.
Last year marked the first time that global gold output declined since 2008, with all major producers except China recording significant declines.

The fact that we are now past "peak gold" is a criminally underreported phenomenon--and the situation is expected to worsen as the years roll on.



Source: ZeroHedge

The sad fact of the matter is that we live on a small, finite planet, and it's just a matter of time before the gold market has to climb a major wall of worry in the form of small and dwindling supply.

Against this backdrop, here are our 5 picks to get into gold right now, whether you're looking for an entry point that offers outsized gains or a consistent dividend safe house …

#1 Tahoe Resources (NYSE:TAHO)

For Tahoe, the main attraction right now is dividend yield. This company is paying double its peers, and blows pretty much everyone else away. That's unusual in gold. But it's not that black and white. This stock hasn't done well over the past few years, and the declining price of silver has taken its toll. It's also had trouble in Guatemala, and it's suffering from high production costs due to a string of acquisitions. But still, even though some of its peers' stocks are doing better, Tahoe still has the highest dividend yield. So why is that?

Tahoe is trading at 9 times its cash flow—way below its closest rivals. If it were trading higher, its dividend yield would fall. But that's not the only reason. It's also simply got a better dividend policy from a shareholder perspective. It's fixed at $0.02 per share (per month) or $0.024 per share per year. So, the dividend isn't based on cash flow. You might think this would be a problem for Tahoe, but it's not. The company actually has a strong cash balance sheet.

So while you might look at all of Tahoe's problems and be put off—or you might not like what's going on in Guatemala, or all the expensive acquisitions, from a purely dividend perspective, this is our number one pick right now. At the end of the day, it's all about dividends after all.

#2 Osprey Gold (TSX:OS.V; OTC:OSSPF)

This small-cap company isn't likely on your radar—yet. But it should be. That's because not only is it a good time to start getting back into gold, but it's a good time to start looking at different ways to get back in … and it might be best to think out of the box. What stands out here is the cheap open-pit mining, new technology that is making it even cheaper, and a return to one of the most prolific gold rush venues in the world—Canada's Nova Scotia.
Nova Scotia has already supported three major gold rushes, and we're looking at a fourth in the making. Miners with new technology are rushing back here to scoop up the easy pickings, and Osprey is the only real entry point here.
Osprey has moved into Nova Scotia's Goldenville—and it's a gold miner's dream.


Here, the technology is the key because it's making expensive underground mining operations obsolete. Geologists have recently developed a technology that allows miners to assess mineralization of host rocks through which gold veins run—so in a historical first in Canada, they can mine gold in open pits. That means lower productions costs, reduced risks, and improved ability to scale.

And the Goldenville property is phenomenal from this respect. It's unlike any other place in the world because rocks from nearly every age are already exposed so Osprey's got the fast-track to gold here, and right across the street, another company has make a $250-million project doing the same.

At the end of the day, this is the key entry point because it's a small-cap company (only $7.5 million) sitting on what could be $560 million in gold.

#3 Wheaton Precious Metals (NYSE:WPM)

Wheaton is another good dividend play, paying out 20 percent of the cash it generates from operations racked up in the previous four quarters. The last quarterly dividend paid to shareholders was $0.07, but this one fluctuates, so we've seen it dip as low as $0.03 and soar as high as $0.14.

But beyond this, Wheaton is a great stock to own. Formerly Silver Wheaton, this company has seen shares rise more than 500 percent since 2005, and from most perspectives, it's going to continue on the upwards climb.

The reason for this is its unique business structure—and it's resulting high margins. Wheaton is unique because it doesn't just dive into mining. Instead, it looks for other major miners who need capital to expand existing projects. It seals its percentage of production at cut rates in this way, with long-term contracts that guarantee consistent cash flow. And it doesn't have to pay direct day-to-day mining costs, while at the same time it's incredibly savvy with its own overhead—it pays a minimum due to brilliant management.

With its multiple streams and diversity in combination with unique structure and stellar management, this stock is a smart choice on any given day.

#4 Newmont Mining (NYSE:NEM)

This is the only gold mining stock listed on the S&P. Newmont is another favorite because of its strong balance sheet and asset value growth, but what you should be looking at here is how its restructured its portfolio to reduce risk and improve operational performance. With Newmont now you'll get exposure to stable gold and a nice, continuous cash flow. And it's expected to outperform.

Newmont's Q1 results impressed. Revenue soared 13 percent to $1.7 billion on higher pricing and volumes.

Attributable gold production jumped 9 percent to 1.23 million ounces for the three-month period as new production from Long Canyon and Merian nicely offset geotechnical concerns at Carlin. Exceptional weather affected operations in South America and Australia. GAAP net income from continuing operations came at $69 million while adjusted net income stood at $133 million.

#5 Franco-Nevada (NYSE:FNV)

FNV is also set to outperform this quarter, and this is a great play for the dividend-focused. This is the precious metals/royalty streaming business, so it's different than putting your money into direct mining. FNV provides cash up front to precious metals miners in return for the right to buy those metals at reduced rates in the future.

This is a high-margin business—over 70 percent. So, when gold prices have been weak, FNV is still increasing dividends. And we love the conservative operating strategy. You won't see yields as high as the direct miners, but you will see a very nice dividend consistency.

And while FNV has traditionally been all about gold and silver (or metals, in general), it's now moving quickly into oil and gas, which represented some 6 percent of its revenues in the first quarter of this year—and it's moving more in this direction.

Honorable Mentions in this space:

Pretium Resources (TSX:PVG): The project to keep an eye on here is the British-Colombia-based Brucejack gold project, with its Valley of Kings deposit of over 8 million ounces of gold in proven/probable reserves. Pretium is advancing this toward construction and commercial production is expected this year, so there should be plenty of news flow catalysts in the coming weeks and months.

Detour Gold Corp. (TSX:DGC): There's been a lot of movement on these shares lately, and Q1 has seen them outperform. The company owns and operates the Detour Lake Mine in northern Ontario, and this is one of the biggest mines in Canada (reserves of over 16 million ounces of gold). This stock is expected to outperform this quarter.

Alamos Gold (TSE:AGI) (NYSE:AGI): We might be in for an earnings surprise with this one, so this could be a good buy right now. A number of equities research analysts have raised their price objectives on this stock. With Desjardins estimating from C$13.25 to C$13.50.

Eldorado Gold (TSX:ELD): ELD did not benefit from the late-2016 rally because of concerns about production and performance of its operations; but it's on track and the price is nice. A new catalyst will be its agreement to acquire the remaining shares of Integra Gold Corp to expand mining operations in Canada.

B2 Gold (TSX:BTO): This is the one of the most actively traded companies on the TSX, and its stocks are climbing. The stock is trading 8.25 percent above its 50-day moving average and 2.97 percent above its 200-day moving average.

Legal Disclaimer/Disclosure: This piece is an advertorial and has been paid for. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this Report should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. We make no guarantee, representation or warranty and accept no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Baystreet.ca only and are subject to change without notice. Baystreet.ca assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this Report.
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<![CDATA[Vivos BioTechnologies, Inc. Signs a Letter of Intent to Merge With Secure Point Technologies (IMSCQ)]]>Tue, 27 Jun 2017 08:23:44 ESThttp://www.baystreet.ca/articles.aspx?id=38036
Denver, CO / PRLive / June 06, 2017 / Vivos BioTechnologies, Inc. (Vivos) has signed a Letter of Intent to merge with Secure Point Technologies (Secure Point) in a reverse-merger as part of Secure Point's plan to emerge from Chapter 11 bankruptcy. The Vivos-Secure Point reverse merger will be included in the Secure Point Plan of Reorganization that has been filed with the Bankruptcy Court. Vivos' management is excited about the opportunity to merge with Secure Point because this transaction provides Vivos a clear pathway to becoming a publicly traded company and an infusion of cash of approximately $7 million, according to documents filed with the Bankruptcy Court, to provide working capital to the combined entity. Vivos' management believes that its shareholders, which will own 64% of the merged company, will significantly benefit from the merger, as will the existing shareholders of Secure Point as compared with a simple liquidation of that company.

Vivos owns a proprietary, patented technology for non-surgical enhancement of a person's upper airway to resolve the serious medical condition known as sleep apnea. The Vivos DNA Appliance System has been effective in the resolution of Obstructive Sleep Apnea (OSA) and other sleep and breathing disorders in both children and adults. Sleep apnea is typically treated with a Continuous Positive Airway Pressure device or CPAP, which is thought to be the most effective treatment, though it is not a cure. However, patients frequently stop using the device after a short period of use, thus leaving themselves vulnerable to the medical complications from OSA. Patients who successfully complete the 12-24 month Vivos treatment may no longer require CPAP or Mandibular Advancement (oral devices worn while sleeping over a lifetime). The FDA-cleared Vivos oral appliance treatment is an all-natural, non-invasive, non-pharmaceutical solution effective in addressing some of the underlying causes of OSA. Researchers have published about 80 clinical studies showing clear and compelling evidence of changes in the overall size and position of the upper airway and surrounding facial structures. Many of these articles can be found on the vivoslife.com website.

Statistics regarding the prevalence of sleep disorders in the US vary from study to study, but according to the National Institutes of Health (NIH) website, an estimated 50-70 million American adults suffer with this condition. In addition, the NIH website further states that a comparable percentage (25-30%) of children and adolescents also suffer from sleep disorders. Vivos believes virtually every American family is impacted by the many serious side effects of Sleep Disordered Breathing and OSA in one form or another. The most common treatment in the US, though not a cure, is the CPAP device where more than two million CPAP machines are sold each year. The company believes that their patented technology is a breakthrough compared to other treatments which simply alleviate symptoms. Vivos estimates that the total addressable market is in excess of $250 billion.

Vivos has trained and certified well over 600 dentists throughout the Unites States and internationally. These professionals have treated approximately 7,000 patients, many of whom report resolution of their OSA symptoms and health improvements. The procedure is reimbursed by virtually all medical insurance companies, including Medicare. Vivos is currently expanding into major metropolitan markets by opening branded clinics focused solely on treating sleep and breathing disorders, and craniofacial pain, featuring the unique clinical advantages of the Vivos DNA Appliance System. The company projects 50-75 centers open by the end of 2020.

Kirk Huntsman, CEO and Chairman of Vivos, commented "Merging with Secure Point supplies Vivos with the capital to successfully open centers to distribute this breakthrough treatment in the United States, and eventually around the world. Based on company forecasts, these US centers would represent revenues well in excess of $100 million per year in the years beyond 2020. Our devices address a worldwide market many times the size that Invisalign currently treats with clear aligners."

About Vivos BioTechnologies, Inc.:

Vivos is a privately held corporation with offices in Colorado, Oregon, and Arizona, and certified providers located throughout North America and internationally. Vivos is dedicated to delivering what it believes to be breakthrough patented and proprietary technology to patients suffering from Sleep Disordered Breathing and Obstructive Sleep Apnea.

For further information, please contact RaeAnn Byrnes, Sr. VP at raeann@vivoslife.com
or (303) 2461257


Source: Vivos BioTechnologies, Inc.
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<![CDATA[Regeneron (REGN) Dips as Biotech Stocks Rebound]]>Tue, 27 Jun 2017 08:07:00 ESThttp://www.baystreet.ca/articles.aspx?id=38035<![CDATA[The Pattern in Facebook (FB) Stock Ahead of Earnings]]>Mon, 26 Jun 2017 04:45:43 ESThttp://www.baystreet.ca/articles.aspx?id=38034
Lede

This is a continuation of our discussion on Alphabet Inc (NASDAQ:GOOGL).

There is a powerful pattern in Facebook Inc (NASDAQ:FB) stock ahead of earnings that has meant a wonderful return in the option market. The strategy won't work forever, but for now it appears to be a momentum play.

Preface

As we discussed with Alphabet Inc, one of the least recognized yet most important phenomena surrounding this market run by the mega technology stocks is the amount of optimism that sets in the two weeks before an earnings announcement.

That is, totally irrespective of whether the stocks have a history of beating earnings, in the two-weeks before of earnings, several of them tend to rally abruptly into the event. There has been a way to profit from this pattern without taking any actual earnings risk – and it is very powerful in Facebook Inc (NASDAQ:FB).

The Trade Before Earnings

Let's look at buying a monthly call option in Facebook Inc two-weeks before earnings and selling the call before the earnings announcement.

Here's the set-up in great clarity; again, note that the trade closes before earnings, so this trade does not make a bet on the result of the earnings result.



Now, unlike many of our other set-ups, this is in fact a straight down the middle bullish bet – this absolutely takes on directional stock risk, so let's be conscious of that before we see the results, because they are mind bending.

Here are the results over the last two-years in Alphabet Inc:



Go to the back-test link

The trade has won 6 of the last 8 earnings pre-earnings cycles – so this isn't some silver bullet (6 wins, 2 losses). But, the trade has won 75% of the time, and the return has been a staggering 670%.

The fascinating part here is that each winning trade averaged more twice as much as the losing trades, or in English, this trades wins 3 times more often it loses and the wins are twice as large as the losses, and that's how you find a trade with a 670% return.

Note on Risk Reduction

As a point of note, when we run this back-test using a limit gain of 30%, or in English, we close the position if it is ever up 30%, we avoid one of the losses, and this turns into a strategy that has won 7 of the last 8 earnings cycles:



Go to the back-test link

We note here that the Alphabet Inc (NASDAQ:GOOGL) long call ahead of earnings also won 7 of the last 8 times and the losing quarter for GOOGL was not the same losing quarter for FB, so if these two were used together as a portfolio of pre-earnings calls, the combined strategy would have won all 16 times (eight quarters each).

Checking More Time Periods

Now we can look at just the last year as well (using no stops or limits):



Go to the back-test link

We're now looking at 324% returns on 4 winning trades and 0 losing trades. It's worth noting again that we are only talking about two-weeks of trading for each earnings release, so this 324% in just 8-weeks of total trading.

For completeness, we include the results over the two most recent earnings events (6-months).



Go to the back-test link

That's 294% on 4-weeks of trading without once taking the risk of an actual earnings release.

WHAT HAPPENED

Bull markets have quirks, or personalities if you like. The personality of this bull is mega cap tech heavy and full of optimism before earnings – irrespective of the actual earnings result.

This is how people profit from the option market – it's preparation, not luck. To see how to do this for any stock and for any strategy, including covered calls, with just the click of a few buttons, we welcome you to watch this quick demonstration video:

Tap Here to See the Tools at Work

Thanks for reading.

Risk Disclosure

You should read the Characteristics and Risks of Standardized Options.

Past performance is not an indication of future results.

Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment.

Past results are not necessarily indicative of future results. The risk of loss in trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.

The author has no position in Facebook Inc (NASDAQ:FB) as of this writing.
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<![CDATA[AMAG in Green (Barely) on FDA Nod ]]>Mon, 26 Jun 2017 03:33:00 ESThttp://www.baystreet.ca/articles.aspx?id=38033<![CDATA[Ethereum Way Down Monday ]]>Mon, 26 Jun 2017 03:19:41 ESThttp://www.baystreet.ca/articles.aspx?id=38032Ethereum, also known as ether, traded 20.9% lower at $239.63 Monday afternoon.

Last Wednesday, ethereum briefly plunged in a flash crash from above $300 to 10 cents on Coinbase's GDAX exchange. On Friday, the exchange said it would credit customers who "experienced a margin call or stop loss order" on GDAX during the flash crash.

GDAX reported Monday afternoon, a temporary halt in trading for all products, which was resolved within an hour.

Ethereum is still up about 2% for June, and 2,500% for the year. At its peak, ethereum had surged more than 4,000% for the year.

An unsubstantiated rumor Sunday that ethereum's founder Vitalik Buterin had died also reportedly hit ethereum's price for a brief period. Ethereum fell from around $329 to a low of $284 Sunday before recovering. Buterin tweeted a picture of himself Sunday evening, to dispel the rumor.
Digital currency investors also pointed to the reversal of last week's exuberance stemming from the launch of several ethereum-based projects, which ended up clogging the network. The inability of ethereum to handle the orders raised worries that digital currency may soon face a debate over an upgrade model, similar to a heated controversy over bitcoin's future that has weighed on that currency.]]>
<![CDATA[Arconic Knowingly Used Flammable Panels at Grenfell: Media Reports ]]>Mon, 26 Jun 2017 11:26:09 ESThttp://www.baystreet.ca/articles.aspx?id=38031Reuters said six emails sent by and to an Arconic sales manager raised questions about why the company supplied combustible cladding to a distributor for use at Grenfell Tower in London.

Grenfell Tower was badly damaged in a June 14 fire that killed at least 79 people. London police said Friday the fire started after an appliance malfunction, adding they were considering manslaughter charges over the disaster.

Representatives of Arconic, a former Dow Jones industrial index component, told other media outlets in a statement that it is discontinuing the sales of the panels around the world.

They had also told Reuters in a statement it's not up to the company to decide what's compliant with local building regulations.

The company manufactures three main types of Reynobond panel-- one with a polyethylene (PE) core, one with a fire retardant core and another with a non-combustible core, according to its website.

Diagrams in a 2016 Arconic brochure for its Reynobond panels describe how PE core panels are suitable up to 10 metres in height.

The brochure also says panels with a fire resistant core -- the FR model -- can be used up to 30 metres, while above that height, panels with the non-combustible core -- the A2 model -- should be used.

Grenfell Tower was more than 60 metres tall.

Arconic shares plunged $1.75, or 6.9%, late Monday morning, to $23.79.
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<![CDATA[AMD Rallies]]>Mon, 26 Jun 2017 11:10:25 ESThttp://www.baystreet.ca/articles.aspx?id=38030Bearishness is rising against Intel and falling for AMD. Bank of America Merrill Lynch downgraded INTC stock on June 21. Due to AMD winning Baidu (NASDAQ: BIDU) and Microsoft (NASDAQ: MSFT) for data centre sales, the business win will have a negative impact on Intel’s commercial sales. Epyc’s release adds to a list of multiple product refreshes for AMD. This includes Radeon Insinct, chip refresh for Microsoft’s Xbox one X, Threadripper, Vega, and Polaris GPU card sales for the crypto currency market.
Chances are good that AMD’s Epyc chip will win more market share than analysts think. This will continue to put negative pressure on short-sellers. Short volume stood at nearly 17% as AMD stock attempts to break new highs this year. If any more analysts raise or initiate ‘buy’ ratings on the stock, then AMD stock will outperform the semiconductor stocks again this year.
Looking ahead, expect positive trading momentum to continue for AMD stock. Any dip, due to a market drop or analyst downgrade, creates another entry point for investors that missed the big run on the stock.
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