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
* May wins two weeks' breathing space * Goldman sees a deal approved after delay * Aston Martin: Brexit delay prolongs uncertainty * Lawmaker Letwin: May might just squeak a deal through (Adds PM May's spokesman, EU migration)By Guy Faulconbridge and Kylie MacLellanLONDON, Feb 28 (Reuters) - Britain's opposition Labour Partywill back a new referendum on Brexit after parliament defeatedits alternat...Read More
Turkish steel billet prices have gone down over the past week in line with the downturn in rebar and scrap values and the limited demand for material, sources said on Thursday February 28.Suppliers in the CIS region have lowered their offers into Turkey to $465-475 per tonne cfr, from last week's $470-475 per tonne levels.But customers in Turkey were not interested at those prices because more aff...Read More
Stocks continued to suffer despite respectable GDP dataStocks were unable to recover from the conclusion of futile U.S.-North Koreatalks, with the major market indexes ending lower despite better-than-anticipated fourth-quarter gross domestic product (GDP) data. In addition, weak factory data out of China weighed on stocks. As such, the Dow and S&P each suffered a third straight loss, but -- alon...Read More
CELG and HZNP stocks are making volatile moves today, tooStocks are trading lower today, after the U.S.-North Korea summit ended without a resolution. Among individual names making notable moves are healthcare stocks Novavax, Inc. (NASDAQ:NVAX), Celgene Corporation (NASDAQ:CELG), and Horizon Pharma PLC (NASDAQ:HZNP). Here's a quick look at what's moving the shares of NVAX, CELG and HZNP.NVAX Nose...Read More
Base metals prices on the London Metal Exchange were mixed at the close of trading on Thursday February 28, with low volumes and narrow trading ranges coming amid a slight uptick in the US dollar index, while continued US-China trade optimism came up against slower than expected US economic growth. Climbing furthest over the afternoon, zinc's three-month price climbed more than 1% during afternoon...Read More
Call volume has reached an annual high todayThe shares of Southwest Airlines Co (NYSE:LUV) are up 4% to trade at $55.96 today, after reports emerged that Warren Buffett's Berkshire Hathaway is contemplating a takeover of the airliner. In response to this news, LUV options traders are picking up calls at a frenzied pace. More specifically, over 53,000 LUV calls have changed hands today, a whoppin...Read More
For over a year now, the South African mining industry has experienced a measurably significant decline in the amount of gold produced. Statistics reported by South Africa last week show that the amount of gold produced by South African mines has declined for fifteen consecutive months. In December, gold output dropped thirty-one percent from the year before.All mines, including gold, have a...Read More
Chris Waltzek talks to Dr. Burton Malkiel, author of the investing classic, A Random Walk Down Wall Street Read More
Target and Kohl's are just two of the retailers reporting earningsThe first full week of March features a little bit of everything for Wall Street. February's highly anticipated jobs report will put a stamp on the week on Friday, and the last batch of earnings stragglers includes retailers Target (TGT), Abercrombie & Fitch (ANF), Urban Outfitters (URBN), and Kroger (KR). After President Donald Tr...Read More
By Avi GilburtThis is probably one of the biggest conundrums investors face in financial markets today. A major report may come out with a very positive bias, yet the market will move in the opposite direction. How many times have you seen this happen?Well, if you have any experience in the financial markets, then it has likely happened to you many times. But, most people simply shrug it off...Read More
By: IRA EPSTEINStock market having trouble. Gold starting to breakout to the downside. Gold = negative and in a downtrend, to negate this gold would need $1335.60:Read More
The live feed from Hanoi has been riveting. Trump and Kim appear to be getting along well. The President pats his counterpart on the back, the dictator smiles. They share a laugh as they walk through a garden. Kim's haircut looks oddly flattering. Everything seems to be going so nicely that one could almost forget that he has at times acted like a madman. As for Trump, he is his usual self, bu...Read More
The company is delaying its quarterly earnings release, tooThe shares of Syneos Health Inc (NASDAQ:SYNH) are getting rocked today, after the company said the Securities and Exchange Commission (SEC) is looking into its revenue accounting practices and internal controls. In addition, Syneos delayed its fourth-quarter earnings release. As such, SYNH stock is down 20.5% at $41.37, pacing for its wors...Read More
The US Dollar is poised to rally back to near $97.50 as this recent downside price swing ends. We believe the US/China trade talks and North Korea deal with result in a strong upside potential for the US Dollar and the US stock market as time progresses.A certain number of industry analysts are starting to announce the recent December 24th lows and subsequent rally as a “new bull marke...Read More
Turkish deep-sea scrap prices showed a very slight decrease with the news of a fresh US cargo heard on Thursday February 28.A steel mill in the Izmir region booked a US cargo, comprising 10,000 tonnes of HMS 1&2 (80:20) at $313 per tonne, 10,000 tonnes of shredded at $318 per tonne...Read More
Calls have been more popular than puts in recent weeksWisdomTree India Earnings Fund (EPI) -- which offers exposure to "profitable companies in the Indian equity market" -- saw a spike in options trading yesterday, amid news of escalating tensions between India and Pakistan. In fact, options volume topped out at an annual high of 38,472 contracts traded in one session, with the bulk of the action...Read More
XON recently overtook its 50-day moving averageBiotechnology name Intrexon Corp (NASDAQ:XON) is slated to report fourth-quarter earnings after the market closes this afternoon. Below we will dive into the stock's chart performance, and look at what the options market is pricing in for XON for tomorrow's trading. Ahead of the report, XON is down 3.7% at $7.97, though it remains comfortably above...Read More
Martha Stewart will advise the company on its pot productsThe shares of Sequential Brands Group Inc (NASDAQ:SQBG) are soaring today, after the apparel and lifestyle concern announcedit would be partnering with Canopy Growth (CGC) to develop a line of CBD-based products. Martha Stewart, whose consumer brand is owned by Sequential, was named as an advisor in developing the new line for animals and h...Read More
The major indexes are heading toward February gains, thoughThe Dow Jones Industrial Average (DJI) is marginally lower at midday, heading toward its third straight loss. The downside is being held in check by a better-than-expected fourth-quarter gross domestic product (GDP) reading, though. The S&P 500 Index (SPX) is also on track for a third straight loss, as weak earnings from Booking Holdings...Read More
A few simple tools can help anyone make smarter trades.It used to take years of practice and hours of research to consistently make winning trades in the stock market, but nowadaysfinding profitable trades shouldn't have to be a full-time job. In fact, trading like a pro can really be as easy as 1-2-3, with the right tools and technology!According to one company, there's a simple recipe that can...Read More