Wall Street's "fear gauge" is pacing for its first weekly advance of 2019The Dow Jones Industrial Average (DJI) is down nearly 250 points at midday, on track to bring its weekly winning streak of six to a halt amid mounting U.S.-China trade tensions. The Wall Street Journal earlier reported that a trade deal draft has not even yet been agreed upon, casting further doubts ahead of the March 1 de...Read More
Analysts are already bullish on the two stocksBTIG is chiming in on healthcare names today, and for gene editing stocks Editas Medicine Inc (NASDAQ:EDIT) and Intellia Therapeutics Inc (NASDAQ:NTLA), this resulted in fresh "buy" ratings and impressive price targets. Both EDIT and NTLA are capitalizing on the bull notes, though the latter is still pacing toward a third straight weekly loss.EDIT Put...Read More
Participants in the European hollow sections market are in favor of the European Union's new safeguarding measures but hope for additional support against cheap imports in the form of anti-dumping measures, they told Fastmarkets MB. The European Commission (EC) has set definitive safeguard measures on 26 imported steel products in the form of tariff rates and a range of quotas that are partly...Read More
The oil concern appointed Olivier Le Peuch as its new COOThe shares of Schlumberger Limited (NYSE:SLB) are down 1.4% at $42.85, after the oil concern appointed Olivier Le Peuch as its new chief operating officer (COO) this morning. Le Peuch was formerly Executive Vice President Reservoir & Infrastructure. Today, the stock is pacing for its third straight loss and its lowest close since a Jan. 18 p...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
A hidden gem trading under a secret name could be the key to retirement riches.Picture theperfectstock for a moment.What would it look like?No doubt it would have hundreds of billions in revenue - more than tech giants like IBM, Facebook and Google.It would probably be a leader in cutting-edge technology like smartphones, robotics, e-commerce and medical equipment.It would have tens of thousands o...Read More
The company is slated to report earnings on Valentine's DayThe shares of Outback parent Bloomin' Brands Inc (NASDAQ:BLMN) are lower this morning, after BofA-Merrill Lynch downgraded the stock to "underperform" from "neutral." The brokerage firm also cut its price target to $17 from $23, representing a discount to BLMN's close of $19.17 on Thursday. BofA-Merrill Lynch said the restaurant company wi...Read More
Concerns about the security of 'upstream' iron ore tailings dams in the state of Minas Gerais have prompted the evacuation of residents from nearby communities, Brazil's national mining agency ANM said on Friday February 8.Inspections were carried out by mine operators - Vale and ArcelorMittal - and ANM, which then co-ordinated the evacuation proces with the municipal and state auth...Read More
Slab export prices from Brazil increased slightly this week, as producers prepared to launch a new round of increases for April-shipment material.Fastmarkets' weekly assessment of Brazilian slab export prices went up to $420-470 per tonne fob on Friday February 8, compared with $410-460 per tonne fob a week before.No trades were made because market participants were waiting for the end of the Chin...Read More
Fellow toy stock Hasbro is set to slump post-earnings, thoughThe shares of Mattel, Inc. (NASDAQ:MAT) are up 16.1% in electronic trading, which would mark their biggest one-day gain since a 20.7% surge in November 2017. The toy stock is reacting to the company's unexpected fourth-quarter profit of 4 cents per share, while revenue of $1.52 billion also came in above estimates. Mattel cited strong Ba...Read More
At least 13 price-target hikes have been issued already on EXPEThe shares of Expedia Group Inc (NASDAQ:EXPE) are up 6.7% in electronic trading, after the travel operator reported fourth-quarter adjusted earnings of $1.24 cents per share, well above the consensus per-share estimate of $1.08, while revenue of $2.56 billion also beat the $2.54 billion forecast. Analysts are toasting the upbeat repo...Read More
Trade-sensitive stocks like Boeing are in the redDow Jones Industrial Average (DJI) futures are down triple digits again today, amid lingering concerns about global trade. Specifically, President Donald Trump said he has no plans to meet with Chinese President Xi Jinping prior to the March 1 deadline to come to a trade agreement. As such, trade-sensitive stocks like Boeing (BA) are lower ahead of...Read More
By: Nicholas LePan, Senior Mining Reporter at GoldSeekIt was back in September 2018 when America's newest gold and silver producer, Northern Vertex (TSX-V: NEE) (US: NHVCF) announced commercial production, at its 100-per-cent owned Moss Mine located in Northwestern Arizona, just a couple of miles off the old route 66. (The road to the Moss Mine, circa 2018) However, as any mine developer...Read More
COT SPECIAL PUBLICATION SCHEDULE Reminder -- Due to the U.S. Government Shutdown (February 1 Announcement) The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC publ...Read More
VCRA had been a strong performer on the charts Vocera Communications Inc (NYSE:VCRA), a provider of a variety of mobile solutions for industries like healthcare and hospitality, has seen its stock rise on the charts in recent years. But today the shares are setting up for a sell-off, down 21.9% in pre-market trading, after the company's quarterly results. For the fourth quarter, Vocera's revenue c...Read More
Gold stocks' young upleg is gathering steam, marching steadily to higher lows and higher highs. These bullish technicals are gradually improving sentiment, fueling mounting interest in this contrarian sector. That's helping the gold stocks regain lost ground relative to gold, the driver of their profits. Fundamentals are growing more favorable as gold itself powers higher. All this porte...Read More
By: DeepcasterDeepcaster's Recent Letters and Alerts provide Forecasts re How Best to Profit and Protect in 2019 along with Buy Recommendations aimed at profiting from upcoming Mega-Moves.But, since 2019 is likely to provide a Vastly Different Investing and Trading Landscape than any of the years 2009 through 2018, it is essential to always know and bear in mind the Mega-Forces Driving Key Mar...Read More
By Daniel R. Amerman, CFAWhenever the next recession does arrive, what we know today is that it is unlikely to be a "normal" recession, by the standards of what most people have experienced in their lifetimes.In this analysis we will compare and contrast the characteristics of an average recession based on 164 years of history, versus what has been experienced in the United States since the end...Read More
By Avi Gilburt, ElliottWaveTrader.net Consider the extremes we experienced in August and September of 2011. Gold had days where it would rally $50 in a single day during its final parabolic move. Moreover, everyone you spoke with would express their certainty that gold would soon eclipse the $2,000 mark, on its way to much higher levels.Yet, I remained steadfast in my analysis which suggeste...Read More
Like many of you, I've been eagerly awaiting the day when this powerful bear rally drops dead. Instead, AAPL has rallied with a vengeance, drawing a thousand doomed stocks into its vortex. Yes, the rally is a hoax. And yes, the Masters of the Universe have used it to distribute as much stock as possible into the hands of rubes, pensioners and widows.Under the circumstances, I've been a reluctant...Read More