Boeing will report earnings before the open on WednesdayBlue chip Boeing Co (NYSE:BA) just can't stay out of the news, this time in hot water after a New York Times article over the weekend pointed to "shoddy production" at a factory that makes the 787 Dreamliner. What's more, the Dow nameis also set to release its quarterly report before the open Wednesday, April 24. Ahead of the event, BA call...Read More
HOG options are pricing in a bigger-than-usual reactionMotorcycle manufacturer Harley-Davidson Inc (NYSE:HOG) will report earnings before the open tomorrow, April 23. Ahead of the event, HOG shares just flashed a historically bearish signal on the charts, and it looks like options traders today are rolling the dice on a negative earnings reaction.HOG stock has moved more than 18% higher in the pas...Read More
Spotify is another stock lower on bearish analyst attentionDillard's, Inc. (NYSE:DDS) is trading down 9.2% today at $67.10, following a downgrade to "underperform" from "neutral" at Wedbush, which kept its $65 price target. Wedbush analyst Jen Redding noted concern over Dillard's quarterly performance being be weighed down by an increase in promotional activity, and said that the stock is trading...Read More
Here's when society expresses greater acceptance toward marijuana In the 1973 song "The Joker," the Steve Miller Band sang:"I'm a joker. I'm a smoker. I'm a midnight toker."Of course, "midnight toker" referred to pot smoking. Back then, there were plenty of midnight tokers, but most of them feared getting "busted."Thirty years later, in 2003, the Elliott Wave Theorist predicted:"Eventually, posse...Read More
Both social media stocks tend to make big post-earnings movesFirst-quarter earnings season is heating up. Among some of the high-profile names set to report this week are Twitter Inc (NYSE:TWTR) and Snap Inc (NYSE:SNAP), with results from each due tomorrow, April 23. Both social media stocks have a history of making outsized moves after earnings, and a positive reaction for outperforming TWTR and...Read More
April 19th, 2019(S14-E692)Featured GuestsStanton Friedman& Harry S. Dent Jr.Please Listen HereLIMITED OFFER - FREE $5 IN ONEGOLD DIGITALBLOCKCHAIN EXCLUSIVELY TO GOLDSEEK.COM PATRONS! (Remember to say Goldseek Radio sent you!).Harry S. Dent Jr. brings fresh insights on the US financial markets in his latest appearance.US equities remain one of a handful of stock bourses to make set new recor...Read More
By: Ira EpsteinGold back to it's monthly mid-point:Read More
The Dow Industrials look primed for a 900-point rally, assuming they can close for two consecutive day's above Friday's high. It occurred slightly beneath a 26,656 Hidden Pivot resistance that's a good bet to show stopping power. However, anything above it would bring a new pivot resistance at 27,463 into focus. That's exactly 904 points above, and it would become all but certain to be achie...Read More
2 brokerage firms expect DTIL shares to doubleAlthough healthcare stocks just wrapped up a brutal week amid concerns about potential policy shifts in Washington, D.C., analysts are waxing optimistic on a pair of biotech stocks today. More specifically, analysts expect Wall Street freshman Precision BioSciences Inc (NASDAQ:DTIL) to double on the charts, and they have high hopes for Neurocrine Biosc...Read More
How you can transform lagging indicators into leading indicators.Many traders are tired of repeating the same mistakes over and over again, but are unsure how to break the cycle of bad decisions that lead to mediocre, or even poor results.And even the supposed "market gurus" or "experts" don't have the answer... or if they do, it's "all flash and no substance."But there is a REAL solution.While ot...Read More
KO's 120-day trendline is emerging as resistanceThe Coca-Cola Co (NYSE:KO) is scheduled to report first-quarter earnings before the market opens tomorrow, April 23. The security has been stuck beneath several layers of resistance since its mid-February post-earnings bear gap, including the $47.50 region -- near its year-to-date breakeven mark at $47.35 -- and its 120-day moving average, a former f...Read More
Oil prices are heading for their highest close since late OctoberThe Dow Jones Industrial Average (DJI) is lower today, but has pared sharper losses from this morning. Boeing(BA) was charged with most of the early morning damage, after a New York Times article over the weekend pointed to "shoddy production" at a factory that makes the 787 Dreamliner. Elsewhere, oil prices -- and Dow stocks Exxon...Read More
Oman's Jindal Shadeed, part of India's Jindal Steel & Power (JSPL), has successfully commissioned a new billet caster with a capacity of 2 million tonnes per year at its mill in Sohar in northern Oman, equipment provider SMS Group said on Thursday April 18"[The new billet caster] is currently operating with six strands and produces rebar billets of 165 millimeters square section at a casting speed...Read More
Tibnor, the distribution arm of Swedish steelmaker SSAB, has increased its footprint in Denmark, following the completion of its acquisition of Sanist??l, Denmark's second largest steel distributor, it said on Thursday April 17.The acquisition, worth around 630 million Swedish krona ($68.15 million), includes Sanist??l's automated steel distribution center in Taulov, Denmark, four sales offices in...Read More
China's output of crude steel and finished steel in the first quarter of 2019 both increased significantly year on year on good demand and healthy profits.The country produced a total of 231.07 million tonnes of crude steel over the first three months of 2019, up 9.9% from a year earlier, the National Bureau of Statistics (NBS) said on Wednesday April 17. Chinese mills produced 269.07 million tonn...Read More
Rising oil prices are also likely boosting HALOil service stock Halliburton Company (NYSE:HAL) is up 1.9% at $31.73 this morning, moving higher on the back of a first-quarter earnings beat. CEO Jeff Miller also opined that "the worst in the pricing deterioration is now behind us." In addition, HAL stock is likely getting a tailwind from rising crude oil prices.On the charts, HAL has struggled to b...Read More
Lam Research reports earnings this weekLam Research Corporation (NASDAQ:LRCX) is trading 0.7% higher at $196.10, after brokerage firm B. Riley upgraded its stance to "buy" from "neutral," while lifting its price target to $235 from $170. The analyst note said an in-line quarter can be expected when the semiconductor equipment and services producer reports earnings after the close this Wednesday, A...Read More
The shares have pulled back sharply from their mid-April record highThe shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) are down 6.6% to trade at $493.04, after the da Vinci Surgical System maker reported first-quarter adjusted profit of $2.61 per share, which was below the consensus estimate of $2.70 per share. And while the company's quarterly revenue of $974 million came in above expectations,...Read More
The retail stock has had a volatile yearThe shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) are down 0.6% to trade at $17.31 this morning, after the company announced co-founders Warren Eisenberg and Leonard Feinstein will retire from the board, while five new independent directors to its C-suite. A business transformation and strategy review committee will be formed too, after receiving pressu...Read More
Import prices for steel slab in Southeast Asia and East Asia were down during the past week, with demand remaining muted in the key import market of Indonesia while market participants await the final results of its presidential election.Fastmarkets MB's weekly import price assessment for slab in Southeast Asia and East Asia was $470-480 per tonne cfr on Monday April 22, down from $490-495 a week...Read More