NBL is the energy stock equivalent of Jon Snow, apparentlyNoble Energy, Inc. (NYSE:NBL) is the Jon Snow of energy stocks apparently. J.P. Morgan Securities released a note titled "E&P Game of Thrones" that said NBL could be the new "King of the North," while upgrading its opinion on the stock to "overweight" from "neutral." The analyst note also put the price target on the shares at $32, up from $...Read More
The options market is pricing in a big move for Wednesday's tradingApple Inc. (NASDAQ:AAPL) headlines a busy week of earnings season, with the iPhone maker set to unveil its fiscal second-quarter results after the close tomorrow, April 30. Ahead of the event, AAPL stock has been relatively quiet on the charts, per its 30-day historical volatility of 12.3%, which registers in the 8th annual percent...Read More
If the United States places import tariffs on cars produced in Germany it could trigger an economic slowdown in Germany, corporate audit director of Czech steel distributor Ferona, Jan Moravec, said at Eurometal's Regional Meeting in Central Europe held in Prague on April 25.One of the major risks to the German steel industry is the import tariffs in the United States, Moravec said.Tariffs on impo...Read More
Seagate stock has added 16% year-to-dateData storage name Seagate Technology PLC (NASDAQ:STX) is up 0.3% at $45.11 in today's trading, moving higher as investors anticipate the company's upcoming quarterly report. STX's fiscal third-quarter results are scheduled for before the market opens tomorrow, April 30. Below, we will dive into what the options market is anticipating in terms of a post-earni...Read More
The Nasdaq also touched an all-time bestThe Dow Jones Industrial Average (DJI) is modestly higher at midday, led by bank stocks, astraders look ahead to a full week of earnings and economic data. In addition, Wall Street is digesting relatively tame inflation data ahead of the Fed's policy meeting, with the central bank widely expected to stand pat on interest rates. Elsewhere, the S&P 500 Index...Read More
Tata Steel aims to produce 32 million tonnes per year of crude steel at its Indian operations by 2025, the company said.The 2025 capacity target in India would constitute the entirety of the steelmakers' global crude capacity following the planned divestment of operations in Asia and a planned joint venture of European flat steel operations with Germany's ThyssenKrupp.Of the Indian steelmaker's cu...Read More
Snap is partnering with Shopify to open up advertising on its appThe shares of Snap Inc (NYSE:SNAP) is up 2.5% to trade at $11.13 today, boosted by news of a partnership with Shopify (SHOP), which can now pay for ads to be rolled out on the Snapchat app. Plus, SNAP call options have been flying off the shelves, perhaps signaling that options traders think the red-hot social media stock has more...Read More
AMC theaters saw a record-breaking Friday and Saturday at its U.S. locationsOn the heels of an "Avengers: Endgame" record-breaking weekend, shares of AMC Entertainment Holdings Inc (NYSE:AMC) are up 0.6% at $15.49 in this morning's trading. The movie theater chain reported single-day record highs for attendance, and food and beverage sales this past weekend, the latter marking all-time highs both...Read More
Ferro-silicon prices in the Chinese domestic market have begun to fall again after a brief period of stability when weak demand in the magnesium sector dragged down the bulk alloy market.For its part, the European ferro-silicon market also dropped in the week to Monday April 29, with producers failing to support prices while consumers continued to settle delivery contracts at ever-lower values. Sl...Read More
Some mobile app stores in China have dropped Momo's Tantan app China social networking name Momo Inc (NASDAQ:MOMO) is near the bottom of the Nasdaq today, on news that some mobile app stores in China have taken down the company's Tantan app at the direction of the Chinese government. Momo said it plans an internal review of the Tinder-like dating app, to make sure it's compliant with government ru...Read More
Analysts also weighed in on CVS before earningsTarget Corporation (NYSE:TGT) is on the rise this morning after Barclays upgraded the stock to "overweight" from "equal weight." The brokerage firm also boosted its price target by $30 to $115, expecting the retailer to take market share from what it called a "weaker subset" of rivals. The note called last week's pullback in TGT shares, sparked by Ama...Read More
The music streaming service reported strong revenue growth in the first quarterSpotify Technology SA (NYSE:SPOT) said revenue jumped 33% to $1.69 billion in the first quarter -- more than analysts were expecting. The music streaming service also said paid subscribers hit 100 million in the three-month period, while monthly active users (MAU) rose 25% to 217 million. In reaction, SPOT stock is up 0...Read More
ADBE has added 41% from its Christmas Eve bottomThe shares of Adobe Inc (NASDAQ:ADBE) are up 2.9% to trade at $290.23, and earlier tapped a fresh record high of $290.46. This comes after Morgan Stanley upped its rating on the software name to "overweight" from "equal weight," while boosting its price target to $340 from $282, the highest on Wall Street. Analyst Keith Weiss waxed optimistically on...Read More
Warehouse operator Access World has significantly increased its London Metal Exchange warehouse presence in Port Klang, Malaysia, by listing 25 new LME-registered warehouses there over the past two weeks.Nineteen Access World-owned warehouses in Port Klang were listed on Monday April 29, according to an LME notice. Six had previously been listed on April 17 in Port Klang. Before the mass listing o...Read More
By: Keith Weiner, Monetary MetalsWe have a postscript to our ongoing discussion of inflation. A reader pointed out that Levis 501 jeans are $39.19 on Amazon (in Keith's size Amazon advertises prices as low as $16.31, which we assume is for either a very small size that uses less fabric, or an odd size that isn't selling). Think of the enormity of this. The jeans were $50 in 1983. After 36 years...Read More
Strengths? The best performing precious metal for the week was palladium, up 2.79 percent as hedge funds boosted their net bullish positions. Despite U.S. dollar strength, gold traders and analysts returned to their majority bullish position on the yellow metal this week, acco...Read More
By: Clint SiegnerCentral bankers and politicians love inflation, but they need "bag holders" to have faith in the value of the fiat currency IOUs they hold. The trick is to avoid suddenly destroying the ephemeral confidence in currencies by printing too much too fast.Central bankers may also need to limit the options inflation wary citizens have for escaping.They are both shifty and innovative w...Read More
April 26th, 2019(S14-E693)Featured GuestsJohn Williams& Dr. Douglas Vogt.Please Listen HereLIMITED OFFER - FREE $5 IN ONEGOLD DIGITALBLOCKCHAIN EXCLUSIVELY TO GOLDSEEK.COM PATRONS! (Remember to say Goldseek Radio sent you!).John Williams of Shadowstats.com returns to the show with provisos on the domestic economy. Investors are advised to prepare for a recession as soon as the second quar...Read More
COLORADO SPRINGS, CO, April 29, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE - Gold Resource Corporation (NYSE American: GORO) (the "Company") reports first gold production from Isabella Pearl in its Nevada Mining Unit ahead of schedule. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned...Read More
By: David Chapman The market keeps chugging higher. Well, maybe chugging is not quite the right word as this past week's markets were decidedly mixed. Decent earnings and a Q1 advance GDP growth of 3.2% year over year, coupled with low inflation, did the trick. The S&P 500 gained 1.2% on the week and closed at a record high although the index did not actually make a new all-time high, falling...Read More