The analyst in coverage also slashed their price target on the stockPivotal Research cut its rating on United Natural Foods Inc (NYSE:UNFI) to "sell" from "hold," and slashed its price target to $8 from $14. This follows the Whole Foods supplier's fiscal second-quarter EBITDA loss -- reported Monday -- which CEO Steven Spinner said was due to "higher than anticipated costs" associated with its Sup...Read More

China's major mills continued to raise their daily output rates for crude steel in mid-February, while their finished steel inventories also rose.Members of the China Iron & Steel Association (Cisa) produced crude steel at an average rate of 1.95 million tonnes per day during the second 10 days of February, up 1.6% from 1.92 million tpd in early February, according to data released by the industry...Read More

Cantor Fitzgerald initiated coverage with an "outperform" ratingThe shares of Chiasma Inc (NASDAQ:CHMA) are modestly higher today, after the pharma stock scored a very bullish brokerage note. Specifically, Cantor Fitzgerald launched coverage of CHMA with an "outperform" rating and $18 price target -- more than three times the equity's current price, and in territory not charted in three years. The...Read More

STM and LRCX just pulled back to trendlines with historically bullish implicationsSeveral chip stocks are lower today, after Japan-based Renesas Electronics issued partial production cuts to counter slowing Chinese demand. Two such names in the red today are STMicroelectronics NV (NYSE:STM) and Lam Research Corporation (NASDAQ:LRCX). However, if history is any guide, both semiconductor stocks co...Read More

The ECB cut its economic growth forecastU.S. markets are being weighed down by a downwardly revised economic growth forecast from the European Central Bank (ECB), which also unveiled a new stimulus plan and said it doesn't expect to hike interest rates until 2020.ECB President Mario Draghi warned of a "period of continued weakness and pervasive uncertainty." As such, the Dow Jones Industrial Avera...Read More

Demand for flat steel in Turkey failed to improve in February although prices increased, but no further price rises were expected, market participants told Fastmarkets on Wednesday March 6.Local producers have filled their order books until May, they added.The price rises in February resulted from increasing prices for raw materials after the rupture of a tailings dam at Vale's Feij??o iron ore mi...Read More

Turkey's flat steel export volumes rose by 55.37% year-on-year in January, according to the latest data from the Turkish Statistical Institute (TUIK). The main reason for the increase was that the local demand was weak in the country in the last quarter of 2018, when orders to be...Read More

Barrick Gold Corp is having "constructive" talks with rival Newmont Mining Corp about a possible joint venture in Nevada, Chief Executive Mark Bristow told the CNBC television network on Thursday."We are engaged in a constructive manner," Bristow said on CNBC's "Mad Money" program. "We are talking. That's a good thing."Major shareholders have pushed for a Nevada JV, expressing concern a full combi...Read More

Analysts are already bullish on the surging stockBerenberg initiated coverage on Zebra Technologies Corp. (NASDAQ:ZBRA) with a "buy" rating and $250 price target -- a 24% premium to last night's close. The brokerage firm waxed optimistic on the barcode printer maker's growth potential, as demand for asset tracking strengthens as companies across a wide swath of sectors scramble to keep up with Ama...Read More

However, AGN shares have shaken off pre-market lossesAllergan plc (NYSE:AGN) is up 4.2% to trade at $143.31, shaking off some subpar drug data. Specifically, Rapastinel, the company's depression treatment, failed three late-stage studies. However, AGN shareholders may be celebrating separate news, after the Food and Drug Administration (FDA) accepted the company's application to extend the use of...Read More

Domestic prices for hot-rolled coil (HRC) in Europe have been largely stable over the past week, although steelmakers were targeting increases, sources told Fastmarkets on Thursday March 7.Prices in the domestic market have been stable due to largely unchanged import offers and resistance among end-users to a price rise, according to market sources.Northern EuropeThe outlook on further price chang...Read More

The retailer reported fourth-quarter revenue and a first-quarter forecast that fell short of analysts' expectations The shares of American Eagle Outfitters (NYSE:AEO) are down 1.1% at $21.12 in early trading after the apparel concern's fourth-quarter results. The company reported a marginal earnings beat, but its revenue and first-quarter guidance fell short of analysts' expectations. American Eag...Read More

The weekly 3/8 19-strike call was sold to open recentlyThe shares of Kroger Co (NYSE:KR) are spiraling, after the grocery chain reported fourth-quarter adjusted earnings of 48 cents per share on $28.09 billion in revenue -- below consensus estimates. The company also said full-year per-share earnings will arrive between $2.15 and $2.25, less than analysts are expecting, citing increased expenses r...Read More

STZ received positive attention, while BUD was downgradedBeer stocks Constellation Brands, Inc. (NYSE:STZ) and Anheuser Busch Inbev NV (NYSE:BUD) received analyst attention this morning. Let's take a quick look at how the shares of STZ and BUD fared as a result. Credit Suisse initiated coverage on Constellation Brands with an "outperform" rating and $230 price target. The majority of analysts were...Read More

Productivity and labor costs data hit the Street bright and earlyThe Dow Jones Industrial Average (DJI) is fresh off a three-day losing streak, but futures on the blue-chip index are cautiously higher today, propped up by the European Central Bank (ECB) decision to leave interest rates unchanged through the end of 2019 -- longer than previously forecast -- and launch a newlonger-term loan stimulus...Read More

By: Ira EpsteinGold - 100 week average (~$1272/3 and rising) possible correction low. Biased down. Oversold.Gold/Silver ratio -- higher it goes, the more silver you load up in your shopping cart:Read More

Sentiment in the market for pig iron exports from the Commonwealth of Independent States (CIS) has improved because of higher scrap prices in the United States, which is the key outlet, and lower material availability, Fastmarkets learned during the week ended Thursday March 7.Fastmarkets' price assessment for CIS exports of high-manganese pig iron was $340-345 per tonne fob Black Sea on March 7,...Read More

GoldSeek Radio's Chris Waltzek talks to Dr Steven Leeb http://www.leeb.com/ Read More

By: Rambus I know it may have come as a shock to some of you on why I raised some capital by selling a few PM stocks today. Whenever you see a false breakout of any chart pattern and the price action trades below the bottom rail of the original pattern that can setup a bearish situation. It's like a head fake. The stock forms what looks like a great breakout and maybe even accompanied by a break...Read More

The recent monthly statements of account published by the Bank for International Settlements indicate that the bank is still actively trading gold swaps, which the bank uses to gain access to gold held by commercial banks.There is not enough information in the monthly reports to calculate the exact amount of swaps, but based on the information in the BIS' just-published statement of account for...Read More