Caesars stock has struggled in 2018Stocks are trading lower today, pulling back some from yesterday's impressive rally. Meanwhile, casino concern Caesars Entertainment Corporation (NASDAQ:CZR) and biopharma name Axsome Therapeutics Inc (NASDAQ:AXSM) are trading higher, while construction stock Installed Building Products Inc (NYSE:IBP) sinks. Let's look closer to see what's moving shares of CZR, A...Read More
Express Scripts excluded Teva's migraine drug from coverage Drugmaker Teva Pharmaceutical Industries Ltd (NYSE:TEVA) is lower today, down 4.7% to trade at $21.24, amid reports that Express Scripts (ESRX) excluded Teva's migraine drug from coverage. In addition to the drop today, TEVA recently flashed a bearish signal, indicating the slide may be far from over.Teva stock, for the second time with...Read More
The S&P 500 could outperform, if recent history is any indicatorThe S&P 500 Index (SPX) last week suffered its worst five-day stretch since March, giving up more than 4% to continue its stretch of selling off after Fed rate hikes. What's more, last week we saw the most 52-week lows since February 2016. However, this could be a bullish signal for the stock market, if recent history is any indicator...Read More
CloseGain/LossGold $1223.80-$1.10Silver$14.63-$0.03XAU69.86-0.35%HUI155.23-0.06%GDM554.76-0.52%JSE Gold1190.39-23.73USD95.58+0.52Euro115.05-0.76Yen89.35-0.03Oil$69.75-$2.1710-Year3.191%+0.034T-Bond137.90625-0.59375Dow25706.68-0.36%Nasdaq7642.70-0.04%S&P2809.21-0.03% The Metals: Gold dipped $4.20 to $1220.70 in Asia before it climbed up to $1229.50 by late morning in New Y...Read More
Oppenheimer expects one penny stock to more than doublePenny stock AzurRx BioPharma Inc (NASDAQ:AZRX) is higher today, after analysts predicted the stock will more than double. Specifically, Oppenheimer initiated coverage of AZRX with an "outperform" rating and a $6 price target -- a premium of 140% to yesterday's close, and in record-high territory. Similarly, the shares of generic drugmaker Akor...Read More
Technical analyst Clive Maund charts silver and discusses the factors that he believes will lead silver upward.Unlike gold and precious metals stocks, silver did not break out strongly on Thursday – although it rose, it did not break out at all, nor was volume exceptional, as we can see on its latest 6-month chart below. However, this is not a cause for concern, because in the early stages o...Read More
- "Large challenges loom for the global economy to prevent a second Great Depression" warn IMF- Massive government debts and eroded fiscal buffers since 2008 suggest global dominos await a single market crash- 2008 crisis measures cast long, dark "terrifying" shadowby William Pesek via Asia TimesIs another "Great Depression" on the horizon?It would be easier to dismiss these words from Nourie...Read More
Prices for domestic hollow steel sections in Europe narrowed upward this week, while announced price increases from mills were viewed with skepticism, market sources told Fastmarkets on Wednesday October 17. Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe rose on the low end of the range to ?,?660-670 ($764-776) per tonne de...Read More
Technical analyst Clive Maund uses charts to explain why he believes the gold bear market is over. Thursday was a momentous day for the precious metals sector with gold, GDX and other índices, and giant gold ETF, GLD all breaking out on impressive volume, and this development was all the more extraordinary because it happened when the broad stock market was crashing. This is viewed as a str...Read More
AXP is just above breakeven year-to-dateAmerican Express Company (NYSE:AXP) is trading slightly lower this afternoon, after Oppenheimer lowered its price target on the Dow name to $111 from $113. This bear note is not completely unheard of for AXP, as 10 out of 19 covering firms sport tepid "hold" ratings. What's more, it comes just before the lending company is scheduled to report third-quarter e...Read More
Options traders are expecting a bigger-than-normal post-earnings move from NUENucor Corporation (NYSE:NUE) reports earnings before the open tomorrow, Oct. 18, and the stock has been selling off ahead of the event. NUE shares were last seen down 0.6% at $58.62, setting them up for the lowest close of 2018. The equity fell through long-term support at the 320-day moving average earlier this month, a...Read More
Netflix is bucking the broad-market downturn after upbeat earningsThe Dow Jones Industrial Average (DJI) is down at midday, pressured by lackluster IBM Corp (IBM) earnings. Investors are also warily eyeing housing starts for September, which fell by a larger-than-expected margin and put added pressure on newly downgraded blue-chip Home Depot (HD). The S&P 500 Index (SPX) and Nasdaq Composite (IXI...Read More
HD shares are in the red todayHome Depot Inc (NYSE:HD) is trading down 2.4% at $188.90, after Credit Suisse downgraded the stock to "neutral" from "outperform" and reduced its price target to $204 from $222. The brokerage firm cited disappointing data out of the housing sector, and it's certainly not helping that housing starts in September just fell by more than expected.HD shares are pacing for...Read More
Theoil price is rising due to the upcoming restrictions on the sale of Iranian oil- the second of a two-part set of sanctions imposed on the Middle Eastern powerfollowing the Trump Administration’s decision in May to withdraw from the Irannuclear agreement, known formally as the Joint Comprehensive Plan of Action (JCPA).Sanctions lifted under the Obama Administration were re-imposed. Trumpsa...Read More
The number of new passenger car registrations in the EU dropped massively in September 2018, going down by 23.53% year-on-year.New car sales in Europe totaled 1,091,220 units in September, compared with 1,427,013 vehicles sold in the corresponding month of 2017, the European Automotive Manufacturers Assn (ACEA) said on Wednesday October 17."This [drop in sales] should not come as a surprise, becau...Read More
Summary of BHP's production results for the three months ended September 30, 2018.(year-on-year change) Copper 409,000 tonnes, +1% Iron ore 61...Read More
Summary of Rio Tinto's production results for the three months ended September 30 (Rio Tinto share unless otherwise indicated, year-on-year change).Iron ore shipments (100% basis) 81.9 million tonnes, -5% Iron...Read More
CloseGain/LossGold $1223.80-$1.10Silver$14.63-$0.03XAU69.86-0.35%HUI155.23-0.06%GDM554.76-0.52%JSE Gold1190.39-23.73USD95.58+0.52Euro115.05-0.76Yen89.35-0.03Oil$69.75-$2.1710-Year3.191%+0.034T-Bond137.90625-0.59375Dow25706.68-0.36%Nasdaq7642.70-0.04%S&P2809.21-0.03% The Metals: Gold dipped $4.20 to $1220.70 in Asia before it climbed up to $1229.50 by late morning in New Y...Read More
CloseGain/LossGold $1223.80-$1.10Silver$14.63-$0.03XAU69.86-0.35%HUI155.23-0.06%GDM554.76-0.52%JSE Gold1190.39-23.73USD95.58+0.52Euro115.05-0.76Yen89.35-0.03Oil$69.75-$2.1710-Year3.191%+0.034T-Bond137.90625-0.59375Dow25706.68-0.36%Nasdaq7642.70-0.04%S&P2809.21-0.03% The Metals: Gold dipped $4.20 to $1220.70 in Asia before it climbed up to $1229.50 by late morning in New Y...Read More
By Ira EpsteinGold gives ground to Fed Minutes.https://www.iraepstein.com/ Read More