All three major US equity indexes gained at least 4% on Wednesday, with the S&P 500 and Dow Jones closing just short of a 5% surge. It's the first time that has happened since 2011, according to Bloomberg.Major mining companies were caught up in the market frenzy on Wednesday with lithium producers and potash miners enjoying some of the heaviest buying.Among fertilizer producers, Israel Chemical l...Read More
"The copper nano particles achieved catalytic performance extremely similar to that of gold or silver," Continue...Read More
"As for Russia's participation in gold-mining or other mining projects, Venezuela has made a wide range of interesting proposals that are Continue...Read More
Gold is soaring, set for the biggest monthly gain in almost two years after the partial U.S. government shutdown and concerns about the 2019 economic outlook stoked demand for the metal as a haven.Gold futures touched a six-month high as U.S. stocks flirt with a bear market and the shutdown in Washington enters its fifth day amid no signs of progress to resolve the dispute over funding for a wall...Read More
Reports that AngloGold Ashanti Ltd. is considering a London listing provides some festive cheer to a city that's lost its way as a home for gold miners.While Toronto, Johannesburg and Sydney have long hosted the biggest producers, London vies with New York as the world's premier gold trading hub and its financiers have bankrolled the industry since the development of South Africa's giant gold fiel...Read More
China's leading stainless steel mills - Tsingshan Group, Taiyuan Iron & Steel (Tisco) and Baosteel - have lowered their January tender prices for high-carbon ferro-chrome, pressured by declining stainless steel prices and relatively high steel stocks at plants. Early on Monday December 24, Tisco announced that its January tender price for high-carbon ferro-chrome was 6,650 yuan ($963) per tonne, a...Read More
Ferro-chrome and chrome ore prices in China were unchanged in the week ended Friday December 21 amid low liquidity while market participants awaited January ferro-chrome tender prices from major Chinese stainless steel mills. Ferro-chrome, chrome ore prices in China unchangedJapanese, South Korean ferro-chrome prices stallHigh-carbon ferro-chrome prices decline in EuropeUS high-carbon ferro-chrome...Read More
Stocks turned in their biggest one-day percentage gains since March 2009Fresh off a historically awful Christmas Eve, stocks bounced back in a big way today. The Dow traded on both sides of breakeven early in the session, only to stabilize around midday and ultimately rally over 1,000 points -- its biggest point gain ever -- to snap a four-day losing streak. Investors were encouraged today after K...Read More
Waste giant RSG looks ready to bounce after sending up a reliable buy signalThe shares of waste collection giant Republic Services, Inc. (NYSE:RSG) built on their years-long uptrend in 2018, rising in early December to a fresh record high of $78.54. However, amid the latest bout of broad-market turmoil, RSG found support earlier this week in the same area it did following October's patch of volati...Read More
The brokerage firm also set lofty price targets on the pairThe shares of Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) are trading up 5.9% at $5.57, after H.C. Wainwright initiated coverage with a "buy" rating and $24 price target -- a more than 356% premium to Monday's close. The analyst in coverage said positive data from lenabasum trials could drive upside in the shares.Analysts are already...Read More
Meanwhile, travel stock NCLH could be headed for lower lowsStocks are rallying today after their Christmas Eve sell-off, with the Dow last seen up almost 600 points. Three stocks in the news today are Elon Musk's Tesla Inc (NASDAQ:TSLA), e-commerce concern JD.com, Inc. (NASDAQ:JD), and leisure name Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH). Here's what's moving shares of TSLA, JD, and NCLH...Read More
CloseGain/LossGold $1266.20-$2.80Silver$15.03+$0.26XAU69.98-0.81%HUI159.81-1.23%GDM580.69-0.94%JSE Gold1359.59+42.78USD97.04+0.55Euro113.52-0.69Yen89.97-0.71Oil$46.22+$4.6910-Year2.770%+0.036T-Bond144.53125-0.90625Dow22878.45+4.98%Nasdaq6554.36+5.84%S&P2467.70+4.96% The Metals: Gold gained $10 to a new 6-month high at $1279.00 by late morning in New York before it sold of...Read More
The struggling stock has been the target of short sellersAuto parts name Aptiv (NYSE:APTV) has been charting a path steadily lower since topping out at a June peak above $103, down almost 40%. The bottom may not be in place yet, though, given the amount of optimism that's currently priced into the underperforming stock. For starters, 16 of 17 analysts covering APTV maintain a "buy" or better rat...Read More
The analyst cited strong growth and M&A potentialThe shares of Roku Inc (NASDAQ:ROKU) are trading up 5.1% today at $28.55, after Needham called the streaming device stock its "Top Pick for 2019." The analyst in coverage cited strong growth potential, and said Roku could be an attractive takeover target.This bullish positioning toward Roku is hardly unusual, with nine of 13 analysts calling the sto...Read More
February crude futures are up more than 6% at middayIn the wake of Monday's historic Christmas Eve sell-off, stock market volatility has flared up once more, with the Dow Jones Industrial Average (DJI) exploring a 366-point trading range on both sides of breakeven so far. After hitting a fresh 15-month low earlier, the blue-chip index was up triple digits most recently, on track to snap a four-da...Read More
The company cited strong sales of Amazon devicesThe shares of Amazon.com, Inc. (NASDAQ:AMZN) are up 2.8% to trade at $1,382.31, after the tech giant announced record breaking sales for the holiday season -- citing strong demand for Amazon devices. Today's pop puts the FAANG stock on track to snap its four-day losing streak, and potentially log its second win in nine sessions. More broadly, Amaz...Read More
How tax-related short covering can lead to gains in the first week of a new calendar yearShrewd investors can delay paying taxes on profits by a year if they wait until January to sell off their winners. Short sellers who have made money, likewise,can wait until the New Year before covering their shorts. If this phenomenon is prominent enough, then we should be able to identify some potential shor...Read More
The shares are higher today, though, on a $185 million Israeli grantThe shares of Intel Corporation (NASDAQ:INTC) are up 0.2% today to trade at $43.68, after the company inked a $185 million grant with the Israeli government. This comes as part of Intel's larger $5 billion expansion plans in Israel, where the chipmaker is one of the leading exporters and employers. It's been a roughly stretch f...Read More
Oil prices are higher this morning, tooStock futures are trading above fair value this morning, pointing to a recovery from a historically brutal Christmas Eve trading session that pushed the Dow Jones Industrial Average (DJI) to a 15-month low, and the S&P 500 Index (SPX) to the cusp of bear-market territory. Amid what's expected to be another low-volume session, oil prices will be in focus, with...Read More
Turkey produced 3.10 million tonnes of crude steel in November 2018, a 2.1% decrease compared with November 2017, according to the Turkish Steel Producers Association (T???oeD).In January-November 2018, crude steel production in the country was 34,429,000 tonnes, a 0.51% year-on-year rise compared with 34,256,000 tonnes produced in January-November 2017, T???oeD said last week.The country produced...Read More