Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
These three names are making big moves in today's tradingAmid a relatively muted session for the broader equities market, several individual stocks are making big moves, including Apple supplier Skyworks Solutions Inc (NASDAQ:SWKS), "Call of Duty" creator Activision Blizzard, Inc. (NASDAQ:ATVI), and music streaming service Spotify Technology SA (NYSE:SPOT). Here's a quick look at what's moving the...Read More
A technical signal is threatening to send CCL stock even lowerThe shares of Carnival Corp (NYSE:CCL) have rallied off their Dec. 26 two-year low of $45.64 -- up nearly 29% since this bottom -- and recently closed their Dec. 20 post-earnings bear gap. However, the stock has sounded a historically bearish signal amid its rebound -- a sign that could suggests CLL could be headed for choppy waters. T...Read More
Steel billet export prices from Iran continued to climb in the first week of February supported by an uptrend in the global market after a sharp rise in raw materials prices.Fastmarkets' weekly price assessment for Iranian billet exports was $370 per tonne fob on Wednesday February 6, against $360-370 per tonne fob last week.Iranian billet producers and traders selling material to f...Read More
NYT shares are trading at 13-year highsNew York Times (NYSE:NYT) shares are up 12.7% today at $30.28, and earlier hit a 13-year high of $30.56. The company this morning posted stronger-than-expected fourth-quarter top- and bottom-line results, while also raising its dividend. Much of the strength stemmed from the media giant's digital efforts, where subscriber growth impressed -- a trend some anal...Read More
These two stocks have been volatile after earnings in recent yearsMeal delivery firm GrubHub Inc (NYSE:GRUB) is scheduled to report earnings before the open tomorrow, Feb. 7, while travel expert Expedia Group Inc (NASDAQ:EXPE) will reveal its quarterly report after the close tomorrow. Ahead of the events, options traders are betting on double-digit swings from shares of both GRUB and EXPE. Startin...Read More
Chemesis acquires IP, equipment for weed extraction2019-02-07 06:42 ET - News ReleaseMr. Edgar Montero reportsCHEMESIS INTERNATIONAL INC. ACQUIRES INTELLECTUAL PROPERTY FOR HIGH-QUALITY CANNABIS EXTRACTIONChemesis International Inc. has acquired intellectual property (IP) and the physical equipment for an extraction methodology to preserve all of the phytocannabinoids and terpenes from cannabis ut...Read More
Full Article: SWOT Analysis: Fastest Rate of Central Bank Gold Buying Since 1971By: Frank HolmesStrengthsThe best performing metal this week was gold, up 1.11 percent. Gold traders were bullish on the outlook for a 12th straight week and the most bullish in five weeks, according to the weekly Bloomberg survey. The yellow metal is up more than 2 percent for the year and is set for a fourth monthly...Read More
GM and CPRI are two post-earnings gainers todayThe Dow Jones Industrial Average (DJI) is struggling for direction at midday, with the blue-chip index pacing toward its first loss in four days.The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are in the red, too, with the former on track to snap its five-day winning streak, and a tech sector pullback weighing on the latter. Investors are also...Read More
Some of you already know about my charity work with Out Of The Heat / Out Of The Cold Program in Kitchener-Waterloo, Ontario. The Program provides a weekly meal for the homeless and a haven of compassion and sense of community for people who for a variety of reasons have found themselves without a regular meal and a roof over their heads.It developed naturally. In my younger years, I was focus...Read More
Turkish steel billet prices have shown a notable increase in the first week of February, supported by customers in both the domestic and export markets, Fastmarkets heard on Thursday February 7.Scrap prices have increased with Turkish buyers replenishing their stocks after thin buying in recent months, and because of the higher collection costs resulting from the winter weather.Fastmarkets' daily...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday February 7 that are worth another look.A group of lawmakers in the United States introduced legislation that would require the US Department of Defense to justify the national security basis for new tariffs under Section 232 and increase congressional oversight of that process. Producer Norsk Hydro's underlying operat...Read More
TWTR stock tends to make big moves after earningsWith Twitter Inc (NYSE:TWTR) set to report fourth-quarter earnings ahead of open tomorrow, Feb. 7, call volume is accelerated on the social media stock today. At last check, around 40,000 calls have traded on TWTR stock -- two times what's typically seen at this point -- with the weekly 2/8 options series in focus.More specifically, the weekly 2/8 3...Read More
This is shaping up to be the worst day in roughly a decade for EA and TTWOVideo game stocks are getting trounced this morning, after two industry giants faltered in the earnings confessional. First, there's Take-Two Interactive Software, Inc. (NASDAQ: TTWO), down 13.4% to trade at $92.93 after reporting weaker-than-expected fiscal third-quarter earnings, even as revenue topped expectations. The...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday February 6 that are worth another look.Brazilian miner Vale has declared force majeure on a number of iron ore and pellet contracts with customers following the halt of its Brucutu mine in the state of Minas Gerais, the company said on Tuesday February 5. Ghana Manganese has been ordered to cease operations by Ghana'...Read More
Humana reported fourth-quarter earnings and revenue that beat analysts' expectationsThe shares of Humana Inc (NYSE:HUM) were up in pre-market trading, after the health insurance concern announced fourth-quarter profit and revenue that beat analysts' expectations, thanks to growth in Medicare Advantage plans. However, they quickly reversed course, now down 3.3% at $293.26, after the company's ch...Read More
MGNX has more than doubled todayMacroGenics Inc (NASDAQ:MGNX) is blowing up today, skyrocketing 172% to trade at $30.21. The monster move is a result of a positive late-stage trial update for the company's breast cancer treatment, Margetuximab. This price action puts the stock back near its 52-week high of $32.74 from 11 months ago, and comes just two days after the shares touched an all-time low...Read More
Snap is headed toward its best day in almost a yearThe shares of Snap Inc (NYSE:SNAP) have surged 25.5% out of the gate to trade at $8.82. Fueling the upside is the Snapchat parent's impressive earnings report, as well as a round of bullish brokerage notes. As such, SNAP stock is set for its best day since Feb. 7, 2018, when it jumped 47.6% in a single session. For the fourth quarter, Snap unveile...Read More
General Motors is also set to gain after earningsU.S. stock futures are pointing to a slightly lower open this morning after President Donald Trump's State of the Union address last night. Traders will also be digesting another important dose of quarterly earnings reports, including well-received results from Walt Disney (DIS) and General Motors (GM). Elsewhere, Treasury Secretary Steven Mnuchin c...Read More
The race for marijuana profits is on... and one up-and-comer is taking the "Buffett" approach to profits.The race for marijuana profits is on. Marijuana presents one of the most lucrative investing opportunities of the modern age - millionaires have been made many times over, and by finding the right stock at the right time, it's still possible for investors to cash in on these "first wave" profit...Read More
Digging into the RSI for the S&P 500The S&P 500 Index (SPX) has been ripping higher since Christmas, gaining 15% since then. The index just had its best month since October 2015, and its best January since 1987. As a result of these gains, the Relative Strength Indicator (RSI)is getting close to overbought territory. The RSI is a popular overbought/oversold indicator. It's an oscillator that range...Read More