The brokerage firm expects the shares to doubleThe shares of eHealth, Inc. (NASDAQ:EHTH) are higher today, after analysts at SunTrust Robinson Humphrey hiked their price target by 33% to $120 -- roughly double yesterday's close. What's more, the online health insurance exchange provider is attracting fresh option bulls, with EHTH call volume running hot already today.eHealth shares were last seen...Read More
Crude Oil recently rallied up to the $63 level and failed. This level is a key Fibonacci price level based on our proprietary adaptive Fibonacci price modeling system. It represents a Fibonacci Long Trigger Level that would suggest that a new bullish price trend could setup if and when the price of Crude Oil rallies and closes above this level.The fact that Crude Oil rallied above this level...Read More
The on-again, off-again trade deal with China has put some life into the stock market, all of it vicious. It has also invigorated an otherwise moribund discussion concerning weather tariffs are good or bad. Popular wisdom has it that the mere discussion of Smoot-Hawley tariff legislation caused the stock market to gyrate wildly in 1929 and eventually to crash. Pat Buchanan does a good job debunk...Read More
Cash will be the king now. Low risk traders and investors will prefer to sit on cash rather than invest in uncertain times. Fundamentals will be the key to investing now. Now a days it is very rare to see rallies in any investment dictated by fundamentals. Gold, Indian stocks and even Indonesian stocks have a long term fundamentally strong story. Only risk to the world growth is energy prices be...Read More
On Friday the United States made good on its threat to ratchet up the trade war against China, after the two parties failed, after weeks of negotiations, to reach a deal.The Trump administration hiked tariffs on $200 billion worth of Chinese imports to 25% from 10%, adding to the $50 billion in goods already being taxed at that level. The tariff hikes went into effect at midnight on Thursday. The...Read More
The FAANG stock is trading near a historically bullish trendlineIt's been a bumpy ride for Apple Inc. (NASDAQ:AAPL) in recent weeks, with the FAANG stock pressured by increasing U.S.-China trade tensions, as well as an unfavorable Supreme Court ruling. All hope is not lost for the tech shares, though, considering they are now trading near a trendline that's had bullish implications for AAPL in the...Read More
The legalization of recreational marijuana in Canada boosted first-quarter salesThe shares of cannabis concern Tilray Inc (NASDAQ:TLRY) were higher in early trading, after the firm shared its first-quarter results. However, while traders initially cheered the company's biggest revenue beat since going public -- thanks to the legalization of recreational marijuana in Canada last October -- TLRY sha...Read More
Sector expert Michael Ballanger muses on the effects of Twitter and political maneuvers on the markets, and specifically on a favorite gold explorer.I have a confession to make: There are no free markets anymore; there are only interventions. Of course, I bow to Gold Anti-Trust Action Committee (GATA) cofounder Chris Powell, who coined that brilliant phrase a few years ago, because it was certainl...Read More
Feralpi Stahl will raise capacity at its rebar and wire rod rolling mill in Riesa in the Saxony region of Germany to 1.3 million tonnes per year, the German division of Italy-based steelmaker Feralpi Group said.The company will invest ?,?60 million ($67.33 million) over a two-year period to increase capacity at Riesa, it said on Wednesday May 15."The investment will strengthen the current producti...Read More
AMAT snapped a six-day losing streak yesterdayThe shares of Applied Materials, Inc. (NASDAQ:AMAT) are up 1.8% to trade at $40.73 today, after a big bull note from Susquehanna. The brokerage firm raised its rating on the semiconductor concern to "positive" from "neutral," while upping its price target to $60 from $34 -- a nearly 50% premium to last night's close. The analyst in coverage sees the s...Read More
We haveseen a pretty sharp oil reversal yesterday. The U.S. session sent oil bullspacking. Not giving up, they’re attempting a comeback today. Geopolitical newsto their rescue: the drone attacks on key Saudi pipelines. Emboldened by thistailwind, do the oil bulls stand a chance of reversing the tide of recentdeclines? Let’s takea closer look at the chart below (charts courtesy of http:...Read More
An accident at a steel mill owned by Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) on Wednesday May 15 injured around 20 employees but had no impact on production there, the company said.The accident at the plant in Volta Redonda city, in Brazil's southeastern Rio de Janeiro state, was caused by a reaction during the removal of slag from equipment during the steelmaking process, CSN s...Read More
Over the past 6+ months, we’ve been covering the price rotations in precious metals very closely. We’ve issued a number of amazing calls regarding Gold and Silver over the past few months. Two of the biggest calls we’ve made were the late 2018 research post that suggested Gold would rally to above $1300, then stall. The other amazing call was our research team&r...Read More
The oversold stock just received another bull noteMKS Instruments, Inc. (NASDAQ:MKSI) received a bull note from Susquehanna this morning that gave the stock a "positive" rating along with a $123 price target. The price target is notable because MKSI shares settled at $80.75 on Tuesday, meaning the brokerage firm is betting on a 52% surge over the next year. However, such upbeat attention isn't rar...Read More
The retail shares have struggled over the long term, thoughMacy's Inc (NYSE:M) stock is up 3.4% in electronic trading, after the department store chain reported stronger-than-forecast first-quarter adjusted profit of 44 cents per share on in-line revenue of $5.5 billion. Plus, same-store sales climbed 0.7% in the three-month period -- more than analysts were expecting -- "supported by the Growth50...Read More
Retail sales disappointed in both the U.S. and China Futures on the Dow Jones Industrial Average (DJI) are pointedlower today, down nearly triple digits amid lingering concerns about the global economy. In China, ugly data on industrial production and retail sales fueled stimulus expectations. In the U.S., meanwhile, traders are digesting April retail sales that dropped 0.2%, falling short of the...Read More
German steelmaker ThyssenKrupp expects the global steel market environment to remain challenging in 2019, amid "continuing global overcapacities, ongoing risks from trade uncertainties, [and] sharply rising iron ore prices," the company said on May 14.Fastmarkets' 62% Fe iron ore index averaged $82.41 per tonne cfr Qingdao over the first quarter of 2019, compared with $74.39 per tonne cfr in the f...Read More
These 25 stocks beat the S&P 500 by 2% or more on MondayWhen the S&P 500 Index (SPX) Index fell 2.4% on Monday, it was the first 2% fall in the index since January. Since 2010, there have been 12 other instances when the index got hit with such a steep decline, and it was the first 2% drop in at least three months (so I'm disregarding the 2% drops that occurred within three months of another one)....Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
European nickel premiums universally declined on Tuesday May 14 after weak regional demand for material manifested in depressed premiums across the board. Elsewhere, the cif Shanghai premium rose to a renewed 14-month high on fresh arbitrage profit opportunities on the back of a newly-opened import window. The European briquette premium remained on a three-week downward trajectory on weak de...Read More