DIS stock hit a record high late last monthIt's been a dramatic stretch for Walt Disney Co (NYSE:DIS) stock, per its 30-day historical volatility of 42%, which ranks in the 99th annual percentile. Most of this price action has been to the upside, with DIS shares carving out fresh highs on Disney+ streaming service details and a blowout "Avengers: Endgame" premier. Options traders have made a beeli...Read More
Meanwhile, put volume is notably higher than normal on emerging markets ETF EEMThe Dow Jones Industrial Average (DJI) continues to pare its early morning losses, last seen trading near session highs, though the blue-chip index remains deep in the red at midday. Traders are still digesting President Donald Trump's tariff tweets that sparked a sell-off in global markets, as investors again worry ab...Read More
CAT options are attractively priced As trade war fears stir up tension on Wall Street, trade-sensitive stocks like Caterpillar Inc. (NYSE:CAT) come into focus. At last check, CAT was down 3.2% to trade at $136.30, but as the stock nears a familiar trendline, history suggests this pullback could present a buying opportunity for the Dow name. Specifically, the equity is trading within one standard...Read More
However, KHC shares have erased early losses Shares of Kraft Heinz Co (NASDAQ:KHC) were notably lower out of the gate, after the company announced it will be restating its financial reports from past quarters, due to "certain misstatements" and employee misconduct. Kraft also delayed its first-quarter earnings release. However, KHC shares have since turned higher, after Warren Buffett -- whose Be...Read More
With LME Asia Week now in full swing, Fastmarkets MB takes an in-depth look at one of the topics likely to dominate discussions at this year's event: How will aluminium premiums in Japan and South Korea likely fare for the rest of the year?The main Japan ports (MJP) aluminium premium typically rises during the peak demand season seen during the second quarter of each year, Fastmarkets MB data indi...Read More
Axsome Therapeutics is fast-tracking two of its pipeline drugsNear the top of the Nasdaq today sits Esperion Therapeutics Inc (NASDAQ:ESPR), after the Food and Drug Administration (FDA) accepted marketing applications for the company's cholesterol drug. At last check, ESPR is up 13% to trade at $48.86, on track for its best day since Oct. 26. The good news was met with a generous price-target hike...Read More
The brokerage firm boosted its price target on the retail stock, thoughBarclays downgraded Five Below Inc (NASDAQ:FIVE) to "equal weight" from "overweight," saying the retail stock is "fully valued." However, the brokerage firm also raised its FIVE price target to $140, calling the retailer one of its "best-in-class names within our coverage," and saying Five Below has emerged as "one of the most...Read More
The drugmaker reported better-than-expected first quarter results and raised its outlookCanadian-based drugmaker Bausch Health Companies Inc (NYSE:BHC) just posted its first-quarter earnings results with a smaller-than-expected loss of 15 cents per share, though revenue missed slightly. The firm also lifted its 2019 full-year revenue forecast. The stock is 2% higher at $23.90 as a result. BHC has...Read More
Wall Street's fear index is set to soarDow Jones Industrial Average (DJI) futures are deep in the red this morning, down 445 points after President Donald Trump reignited trade war fears in a series of tweets. Specifically, Trump threatened to raise tariffs on $200 billion of Chinese goods to 25% from 10%this Friday, May 10, and said another $325 billion ofChinese goods will be slapped with a 25%...Read More
Comex copper remained in a fixed range to open the week, with European market participants sidelined for a public holiday.Comex copper remained in a fixed range to open the week, with European market participants sidelined for a public holiday.The copper price for July settlement on the Comex division of the New York Mercantile Exchange inched up 0.95 cents to $2.8285 per lb.In a post overnight on...Read More
FSLR has had a strong run already in 2019First Solar, Inc. (NASDAQ:FSLR) this morning was added to J.P. Morgan Securities' analyst focus list, and the brokerage firm reiterated its "overweight" rating while lifting its price target to $72 from $70. The analysts predict upcoming earnings releases could be strong thanks to a successful transition to the company's Series 6 solar modules.This just ext...Read More
Here are five Fastmarkets MB stories you might have missed on Monday May 6 that are worth another look.With LME Asia Week now in full swing, Fastmarkets MB takes an in-depth look at one of the topics likely to dominate discussions at this year's event: How will aluminium premiums in Japan and South Korea likely fare for the rest of the year?Nearly 1,500 delegates will descend upon Singapore this w...Read More
IWM rallies less often than SPY post-Fed -- but when it does, the returns are robust"History suggests that a run through 2,900 and back to the September intraday high of 2,940 is imminent. Since 1950, in the 11 instances in which the SPX experienced at least a 20% decline from intraday high to intraday low, as it did in the fourth quarter, and then rallied back to within 2% of its intraday high, w...Read More
Gold Gold started the week by surging and breaking the resistance of a descending channel pattern. The move was expected, as already on Friday the pair clearly bounced off the support of a dominant pattern and began to surge. In regards to the near term future, Dukascopy Analytics expects a consolidation of the gains. Namely, the metal's price will remain unchanged by trading sidew...Read More
Low-grade manganese ore prices have held relatively steady since rebounding from this year's lows in January, when market participants toned down fears of oversupply in the alloy market. Normally volatile low-grade manganese ore prices have held relatively steady since rebounding from this year's lows in January, after which market participants toned down fears of oversupply in the alloy market. F...Read More
In just a little more than a week after the mighty Newmont-Goldcorp merger was finalized, the company suspended operations of its largest gold-silver mine in Mexico.The blockade was started due to issues with the local community in regards to water supply concerns and problems with a trucking contractor.It will be interesting to see how the future unfolds for Penasquito with the new anti-mining Pr...Read More
For the First Time Ever, in partnership with the British Royal Mint, SD Bullion is Giving Away a FREE 2019 Britannia Silver Coin, Direct From The Mint.The popular buy 24, get 1 Free Coin offer is back!In the past, SD Bullion has partnered with the Austrian and Perth Mints on similar offers. These free silver coin offers have become wildly popular and loved by silver bullion investors.As with all f...Read More
Physical iron ore prices were rangebound on Monday May 6 amid limited trading activity in the wake of further trade uncertainties between China and the United States, as well as the start of steelmaking restrictions in Tangshan.MB 62% Fe Iron Ore Index: $94.34 per tonne cfr Qingdao, up $0.17 per tonne. MB 62% Fe Pilbara Blend Fines Index: $93.37 per tonne cfr Qingdao, up $0.17 per tonne. MB 62% Fe...Read More
Market participants are expecting stability for seaborne coking coal prices, at least in the near term, despite macroeconomic pessimism generated by the threat of higher import tariffs on Chinese products in the United States."[The tariff threat] is old news. Besides, supply and demand in the seaborne coking coal market are in a tight balance now, so the threat will not have any direct impact on p...Read More
China's hot-rolled coil market appeared to have held up against threats of higher import tariffs in the United States on Monday May 6, though sentiment took a beating, which could result in some downside for prices.DomesticEastern China (Shanghai): 4,060-4,070 yuan ($603-604) per tonne, up 10 yuan per tonneNorthern China (Tianjin): 3,930-3,940 yuan per tonne, unchangedSpot prices were largely stab...Read More