The NBA has moved away from the term "owner" because it's too insensitive to black players, according to the NBA Commissioner Continue...Read More
CIS export slab prices slumped in the week to Monday June 24 pressured by increased competition from Brazilian suppliers as well as by the slowdown of activity in the finished steel end-user market. A cargo of Ukrainian slab was sold to Italy at $430 per tonne cfr, equivalent to around $410 per tonnes fob Black Sea. Meanwhile, Russia-origin slab was booked in Turkey at $430-435 per tonne cfr, or $...Read More
There was an uptick in import prices for steel slab in Asia over the past week after buyers in Southeast Asia returned to the market to book cargoes, while market participants in East Asia were optimistic that downstream flat steel prices had bottomed out.In Southeast Asia, two shipments of slab produced in the Commonwealth of Independent States (CIS) were booked at $440-455 per tonne cfr during t...Read More
China's rebar market regained some upward momentum on Monday June 24 amid fresh production cuts in the country's steelmaking hub of Tangshan. Domestic Eastern China (Shanghai): 3,900-3,950 yuan ($568-575) per tonne, up 70-80 yuan per tonneNorthern China (Beijing): 3,730-3,770 yuan per tonne, up 40-50 yuan per tonneAll steelmakers in Tangshan have been instructed to lower their production by at lea...Read More
Bob Moriarty of 321 Gold looks at the latest moves of this company with projects in Nevada, Utah and Idaho. The nice thing about having been visiting hundreds of projects in almost two decades is that I find myself talking about properties I know quite well but are now under new management.Liberty Gold Corp. (LGD:TSX) used to be named Pilot Gold. As a pilot, I thought that was a wonderful name. T...Read More
Bob Moriarty of 321gold urges caution as the gold bulls revive. Gold bulls are coming out of hibernation, with even billionaires talking about how much they like gold. That tends to happen just before a correction. The gold bulls get frothy around the mouth; speculators pour money into gold contracts just in time to get whacked once more so they can whine about how gold and silver are manipulated...Read More
Bob Moriatry of 321gold examines the potential of a new discovery in Ecuador. Aurania Resources Ltd. (ARU:TSX.V) seems to have turned into one of those bad news/good news stories. Keith hasn't found the Lost Cities Gold mines. Yet. However his team of crack geologists led by Dr. Richard Spencer may have stumbled across something a lot bigger and more valuable.They may have discovered the first...Read More
J? 1/4 rgen Schalamon will retire from his role as chief executive officer of Samancor Chrome at the end of June after nearly 15 years in the position, Fastmarkets understands. Samancor chief operating officer Desmond McManus will succeed Schalamon as CEO...Read More
The S&P 500 and Nasdaq both took breathers todayThe Dow started the last week of June with modest gains today. The same could not be said for the S&P 500 and Nasdaq, though, as both closed in the red. Investors exercised caution ahead of Friday's G-20 meeting between U.S. and China leaders, and kept an eye on other geopolitical developments, including newly imposed and "hard-hitting" U.S. sanctio...Read More
Hair and makeup stocks like Sally are suffering after Amazon announced its beauty store for professionals The Dow is trading higher today, but the upside is modest ahead of this week's big G-20 summit. However, several individual stocks are making big moves, including retailer Sally Beauty Holdings, Inc. (NYSE:SBH), as well as drug stocks Minerva Neurosciences Inc (NASDAQ:NERV), and Krystal Biote...Read More
Year-to-date Lennar stock has added more than 31%Home construction concern Lennar Corporation (NYSE:LEN) is up 1% at $51.83 this afternoon, continuing its long-term climb on the charts. Traders are gearing up for the company's second-quarter report, slated for before the market opens tomorrow, June 25. Down below we will take a look as to how Lennar stock has been performing on the stock market...Read More
Makeup retailers are reeling on big-cap competition concernsThe shares of Ulta Beauty Inc (NASDAQ:ULTA) are in the red this afternoon, after FAANG name Amazon.com (AMZN) unveiled the Amazon Professional Beauty Store for state-licensed cosmetologists, stylists, and aestheticians. Ulta -- which sells cosmetics, including Kylie Jenner's brand -- and other beauty stocks are reeling in light of the big...Read More
RIOT options are seeing heavy trading todayIn the wake of Facebook's cryptocurrency reveal, the blockchain sector has made outsized moves lately, with Bitcoin crossing the $10,000 level over the weekend to trade near 15-month highs. This has Riot Blockchain Inc (NASDAQ:RIOT) stock up 18.2% to trade at $3.24 today -- set for its best day since April 2 -- and it appears options traders are targetin...Read More
How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More
DIS and TWTR weeklies are popular today, tooTwo names that just popped up on a list of stocks that have seen the most weekly options activity in the past 10 days, according to Schaeffer's Senior Quantitative Analyst Rocky White, are Walt Disney Co (NYSE:DIS) and Twitter Inc (NYSE:TWTR). We'll dig into DIS and TWTR shares to see how traders are positioning themselves. Disney stock is in focus today...Read More
Goldman Sachs and Verizon are among the best blue chips at middayThe Dow Jones Industrial Average (DJI) is trading in positive territory at midday, boosted by strong gains for blue chips Goldman Sachs (GS) and Verizon (VZ). The intraday upside is modest, though, as traders take a cautious stance ahead of this week's G-20 meeting between U.S. President Donald Trump and Chinese leader Xi Jinping. An...Read More
- SRSrocco What happens to the gold price this week will likely set the trend for the foreseeable future. While many precious metals investors disregard technical analysis and key chart formations, you can bet your bottom dollar that large traders and institutions are watching the price action of the yellow metal quite carefully. And if you think that these large traders and institutions...Read More
By: Ira EpsteinUS Dollar took a beating, FOMC leaning on cutting interest rates. One of the board members wants a 50bps cut already. If China and US get together at the G20 then things can change:Read More
Here are three numbers to jot down to get an accurate and potentially useful 'read' on the aging bull market: 27,436, 28,738 and 33,161. These are 'Hidden Pivot' resistance targets for the Dow Industrials, and any one of them could stop the bull in its tracks. Each is a good place to attempt getting short with a tight stop-loss, but if the stop gets pulped, assume that the next-higher target...Read More
AeroViroment is slated to release its second-quarter earnings after the close tomorrow Government aircraft manufacturer AeroViroment Inc (NASDAQ:AVAV) is trading slightly lower ahead of its second-quarter earnings report, slated for release after the close tomorrow, June 25. The stock has suffered on the charts since a post-earnings surge in early March had AVAV touching three-month highs. Since...Read More