The stocks are sitting out today's rally in the broader equities marketStocks are looking to extend their weekly win streaks on positive U.S.-China trade news. Among individual names making notable moves are Sharpie maker Newell Brands Inc (NASDAQ:NWL), online car-shopping specialist TrueCar Inc (NASDAQ:TRUE), and cloud concern LogMeIn Inc (NASDAQ:LOGM), which are are all near the bottom of the Na...Read More
Section 232 tariffs on aluminium and steel raised $3.6 billion in their first nine months, and revenues for the last two months are likely to push that figure up by around another $1 billion, US government data shows.That figure would be enough to cover the shortfall in funding sought by United States President Donald Trump for border security. In other words, aluminium and steel tariffs could fun...Read More
On Tuesday zinc inventories in London Metal Exchange (LME) warehouses sunk into territory that one metal analyst believes could signal a major price kick for the base metal, used mostly for galvanizing steel to prevent corrosion. The one-year chart below shows LME inventories falling steadily, touching the 108,425-tonne mark as of Feb. 11 - a 52-week low. It’s a long way from the annual high...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
The Nasdaq is eyeing its longest weekly win streak since 2016The Dow Jones Industrial Average (DJI) is pacing for yet another weekly win, which would mark its eighth in a row -- and its longest win streak since late 2017. Stocks reacted positively to signs of progress on U.S.-China trade talks, as well as a spending bill to avoid another government shutdown in Washington, D.C. President Donald Tru...Read More
The world’s two biggestgold miners both announced mega-mergers over the past 5 months or so. These huge deals briefly garnered someinterest in the usually-forgotten gold-stock sector, and fleeting praise fromWall Street analysts. But gold-stockmega-mergers are bad news for gold-miner shareholders on all sides. They reveal the serious struggles of majorgold miners, and reall...Read More
The world's two biggest gold miners both announced mega-mergers over the past 5 months or so. These huge deals briefly garnered some interest in the usually-forgotten gold-stock sector, and fleeting praise from Wall Street analysts. But gold-stock mega-mergers are bad news for gold-miner shareholders on all sides. They reveal the serious struggles of major gold miners, and really retard fu...Read More
By: Ira EpsteinGold washes out to the downside, but manages to come back late in the day and close near unchanged. Read More
Chris Watlzek of GoldSeek.com interviews Bob Hoye.Read More
ORCL is heading toward its eighth straight weekly winThe shares of Oracle Corporation (NYSE:ORCL) are in focus today, after Warren Buffett's Berkshire Hathaway (BRK.A) disclosed it had liquidated the entirety of its $2 billion (1.2% stake) in the software name at the end of December. Berkshire Hathaway's position lasted just one quarter. In response to the news, options traders have come out of...Read More
Merchant slab output at Ukraininan steelmaker Metinvest in the December-February period was below the production target due to repairs at the blast furnaces of Azovstal Iron & Steel Works and Illych Iron & Steel works, the company told Fastmarkets."The company's merchant slab output was 190,000 tonnes below the target because blast furnace repairs were rescheduled for these months," a company sour...Read More
The drug name is scheduled to report on Tuesday Up 0.8% at $159.30, at last check, drug name SAGE Therapeutics Inc (NASDAQ:SAGE) is scheduled to report fourth-quarter earnings before the market opens on Tuesday, Feb. 19. Below, we will take a look at how SAGE stock has been faring on the charts, and dive into what the options market is pricing in for the shares' post-earnings activity. SAGE stoc...Read More
Berkshire Hathaway reported a stake in the Canadian oil firmThe shares of Suncor Energy Inc. (NYSE:SU) are higher today, after activist investor Warren Buffett's Berkshire Hathaway (BRK.A) disclosed a stake in the Canadian oil firm. Against this backdrop, SU options are flying off the shelves at a much faster-than-usual pace.Suncor stock was last seen 3.8% higher at $33.78. The security has reboun...Read More
Have you even wanted to travel in time? You can, at least when reading about the gold market. Many analysts claim that this year is like 2016 for the gold market. We invite you to read our today’s article about the similarities and differences between the precious metals market then and today and find out what do they imply for the gold prices. Finally, the scientists have invented the time...Read More
Steel alloy surcharges in the European stainless steel market were widely expected to increase sharply for March because of recent rises in the price of nickel, Fastmarkets heard on Friday February 15.Alloy surcharges for March will be calculated based on alloy component costs between January 20 and February 20. That period has not yet finished, but from January 20 until February 15 nickel prices...Read More
The majority of gold traders are very bearishon the gold market currently. The sentiment could signal a start of a possiblejump in price for the precious metal. If you are also expecting such a price shift,you might want to consider buying the SPDR Gold Shares ( a fund holding bullionbars). This year, the price of gold dropped due tothe rising dollar. The evaluation of the yellow metal tends to a...Read More
At least four analysts have issued price-target cuts on the stock this weekMedical supply distributor Henry Schein, Inc. (NASDAQ:HSIC) has taken a beating from analysts this week, with Baird, J.P. Morgan Securities, UBS, and RBC all issuing price-target cuts. The equity has managed to stay afloat, though, and is pacing to end the week with a nearly 6% gain. However, ahead of earnings next week, H...Read More
Oil prices are higher today, tooThe Dow Jones Industrial Average (DJI) is roaring into the weekend, up over 300 points at midday and on track for its eighth straight weekly win, its longest streak since late 2017. Fueling today's gains is reported trade talk progress between the U.S. and China. And at a press conference declaring a national emergency for border wall funding, President Donald Trum...Read More
The shares pulled back this week on news of a Levi Strauss IPOThe shares of Abercrombie & Fitch Co. (NYSE:ANF) have been climbing higher since their Dec. 24 low at $16.65, and topped out at $22.67 earlier this week. The retail stock pulled back from this short-term peak on Tuesday following news denim company Levi Strauss filed for an initial public offering. ANF is now trading near a trendline th...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