Henrik Adam, who has been chief commercial officer at Tata Steel Europe since 2011, will replace Hans Fischer as ceo when he retires on July 1, the company said on Thursday June 27.Fischer will continue to serve on the board of Tata Steel Europe as a non-executive director, and will continue to act as an adviser to global ceo and managing director TV Narendran."During his tenure as ceo and be...Read More
Bill Murphy & Chris Waltzek Ph.D. - June 25th, 2019. * Mp3.HighlightsBill Murphy of GATA.org returns to the show with fresh insights on the stunning PMs shares rally, which outperformed the key US equities markets.Gold may have built a final base in preparation for liftoff to $2,000+ in the coming years, as the "Gold Cartel" runs out of physical bullion to sell.According to the mountain o...Read More
By: Gary Savagehttps://blog.smartmoneytrackerpremium.com/Read More
August Gold's attempt to reverse from a morning sell-off prompted a subscriber to ask in the Rick's Picks trading room whether bullion is already getting second wind. I doubt it, since June's sensational run-up was too steep to sustain and will likely require a breather of perhaps 2-3 weeks to recharge. But I do expect the uptrend to resume after a proper pullback because this month's surge de...Read More
By: Ira EpsteinWorld trade has the market nervous. Gold had a straight up spike, does it need to consolidate and correct a bit?Read More
U.S.-China trade drama will likely be a focal point tooThe first week of July -- although holiday-shortened -- brings plenty of action for investors.There will be the all-important Friday release of the June nonfarm payrolls report, on top of inflation data and remarks from Fed presidents to prepare for the upcoming July Fed meeting at the end of the month. Investors that diligently follow the ear...Read More
The G20 Summit, which takes place in Osaka, Japan, this weekend has cast a shadow over the Asian ferrous metals markets.Market participants are hoping a quick resolution to the trade war between China and the United States will provide much-needed relief both for steelmakers and downstream buyers at a time of squeezed margins and weak demand.One of the key themes at t...Read More
Intel is the middle of a rough patch on the chartsIt's been a rough few months for Dow component Intel Corporation (NASDAQ:INTC), suffering two bear gaps since the April peak of $59.59. INTC stock was last seen trading slightly lower at $48.12, after Wedbush weighed in with an "underperform" rating and $37.50 price target, obviously expecting further downside ahead for the equity. The majority of...Read More
European steel mills could further reduce steel production should the volume of steel imported into the European Union continue to increase, market participants said at the European Steel Day in Brussels, Belgium, on Wednesday June 26."The markets for many steel products in Europe are rather weak. So nearly every steel company is forced in one way or another to cut production," Heinz J??rg Fuhrman...Read More
North American stock markets continued to rise on Friday, as more investors took the opportunity to jump into equities on the back of a clear signal from the US Federal Reserve that interest rates are likely heading down. The S&P 500 hit a new record on Thursday, finishing 249 points higher, or 0.9%, to 2,954.The Federal Open Market Committee (FOMC) concluded on Wednesday that it will leave th...Read More
Nickel's three-month price on the London Metal Exchange was higher at the close of trading on Thursday June 27, up by about 2% amid continued buying momentum, with positive US GDP figures shoring up commodity investments. Three-month nickel futures closed at their highest level since April at $12,710 per tonne in the afternoon, improving by just under 9% from a June-low of $11,605 per tonne o...Read More
CAG puts are flying off the shelves this morningShares of packaged food concern Conagra Brands Inc (NYSE:CAG) are slipping in early trading, down 9.1% at $26.30, on a disappointing fiscal fourth-quarter earnings report. The firm cited "isolated manufacturing-related challenges," as well as poor performances from its Hunt's and Chef Boyardee brands. As such, CAG stock is pacing for its worst day si...Read More
This is overshadowing a dreary earnings report and round of bear notesRite Aid Corporation (NYSE:RAD) stock is 5.6% higher this morning at $7.51, as news of a fresh FAANG partnership offsets a round of post-earnings bearish brokerage attention. Specifically, the drugstore inked a deal with Amazon.com (AMZN) that will allow for U.S. customers to choose Rite Aid as an Amazon pick-up option. The wel...Read More
Whether it was the Big Bang, Midas or God himself, we don’t really need to unlock the mystery of the origins of gold when we’ve already identified an asteroid worth $700 quintillion in precious heavy metals.If anything launches this metals mining space race, it will be this asteroid--Psyche 16, taking up residence between Mars and Jupiter and carrying around enough heavy metals to net...Read More
The fitness chain is 61% higher year-over-yearShares of Planet Fitness Inc (NYSE:PLNT) are moving higher this morning, last seen up 1.2% at $72.49, after the stock received a fresh bull note out of Raymond James. The brokerage firm initiated coverage with an "outperform" rating and $80 price target, a nearly 12% premium to last night's close of $71.65. The firm credited its optimistic outlook tow...Read More
There's tremendous pessimism priced into ANF at the momentOne retailer is going all-in on the CBD buzz. Earlier today, Abercrombie & Fitch Co. (NYSE:ANF) expanded its partnership with Green Growth Brands to sell cannabidiol (CBD) products products in over 160 Abercrombie stores. Green Growth and Abercrombie initially inked a 10-store deal back in May.Despite the news, Abercrombie & Fitch stock i...Read More
U.S.-China trade relations will remain in focus todayStock futures are mixed, as fresh trade headlines hit ahead of tomorrow's G-20 summit. Specifically, the Wall Street Journal reported Chinese President Xi Jinping will give U.S. President Donald Trump terms needed for a trade deal, which could include lifting the ban on Huawei. Meanwhile, Dow Jones Industrial Average (DJI) futures are being wei...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday June 27 that are worth another look.European steelmakers are concerned about the future viability of the steel industry in the United Kingdom should it leave the European Union at the end of October without a deal, they said at European Steel association Eurofer's European Steel Day in Brussels on Wednesday June 26. A ...Read More
GOLD has been rising sharply and has hit 1430 highs. Much of the move is on the back of apparent news that central banks are buying Gold. Falling interest rates (and a weaker dollar) also explain the recent surge into gold. Renewed interest in gold usually happens when investors are looking for alternatives to stocks and bonds (as well as global currencies). Which suggests that they may be losing...Read More
Bill Murphy & Chris Waltzek Ph.D. - June 25th, 2019. * Mp3.HighlightsBill Murphy of GATA.org returns to the show with fresh insights on the stunning PMs shares rally, which outperformed the key US equities markets.Gold may have built a final base in preparation for liftoff to $2,000+ in the coming years, as the "Gold Cartel" runs out of physical bullion to sell.According to the mountain o...Read More