The extreme weather that hit Australia over the past week will cause some delays but should have no impact on total deliveries of manganese ore for April, according to producers that mine high-grade material in areas affected by the cyclones. Consolidated Minerals, which owns the high-grade manganese ore Woodie Woodie mine in Western Australia via its Pilbera Manganese subsidiary, said Cyclone Ver...Read More
This analyst just cut FedEx's rating for the first time since 2017Susquehanna this morning just downgraded FedEx Corporation (NYSE:FDX) for the first time in two years. Specifically, the brokerage firm cut the shipping stock to "neutral" from "positive," and slashed its price target to $192 from $211. Analyst Bascome Majors said the company's capital expenditure is "more likely to rise before it...Read More
Meanwhile, Tricida is one of the best stocks on the Street todayThe Dow has traded on both sides of breakeven today, as investors monitor U.S.-China trade talks. Among the stocks making big moves today, dialysis services provider American Renal Associates Holdings (NYSE:ARA) and sporting goods retailerSportsman's Warehouse Holdings Inc (NASDAQ:SPWH) are lower, while biotech Tricida Inc (NASDAQ:T...Read More
QCOM has had a few struggles on the charts this yearQualcomm, Inc (NASADQ:QCOM) is slightly lower in afternoon trading, last seen down 0.9% at $56.41. The shares have struggled long-term, falling sharply since a September peak near $76. While they've been gaining in recent weeks, they're approaching potential resistance in the overhead 200-day moving average, and according to Schaeffer's Senior Q...Read More
The Turkish billet import market was very quiet this week, with demand for imported material still soft although the export and domestic markets showed some signs of revival, sources said on Thursday March 28.The suppliers in the CIS region increased their offers to $475-480 per tonne cfr because of the renewed demand from North Africa, and Algeria in particular.But Turkish buyers were still looki...Read More
Options traders have been approaching KMX and BB differentlyTomorrow Wall Street will have earnings releases from CarMax, Inc (NYSE:KMX) and BlackBerry Limited (NYSE:BB). Both reports are due out before the opening bell, and volatile moves are expected from KMX and BB shares. Let's take a look at how traders have been approaching the stocks. For KMX, its recent earnings history has been mostly upb...Read More
The equity has ended the quarter higher eight of the past 10 yearsWhile Google parent Alphabet (GOOGL) has been one of the worst stocks to own in April, historically, another FAANG stock could shine soon: Amazon.com, Inc. (NASDAQ:AMZN). According to data from Schaeffer's Senior Quantitative Analyst Rocky White, the e-tail behemoth has ended the second quarter higher 80% of the time over the past 1...Read More
Fourth-quarter GDP was revised lowerStocks are lower at midday, as investors continue to digest gross domestic product (GDP) data that showed growth of 2.2% for the fourth quarter -- slower than initial estimates. Echoing that, mortgage rates fell at the fastest pace since June 2009 last week. In addition, traders are exercising caution amid U.S.-China trade talks, as Wall Street awaits word from...Read More
A weak jobs report for March could spark more fears about the U.S. economyThe earnings calendar for next week is relatively quiet, save for releases from Dow component Walgreens Boots Alliance (WBA) and beer maker Constellation Brands (STZ). However, Friday's nonfarm payrolls report for March more than makes up for that, as Wall Street will continue to gauge the health of the U.S. economy amid fea...Read More
* London's FTSE outperforms as pound falters on Brexit woes * European banks lower as bond yields slide * Swedish banks hit by money laundering scandal * Sentiment tempered by disappointing U.S. GDP numbers * U.S.-China trade talks in focus(Updates to closing)By Susan MathewMarch 28 (Reuters) - European shares pared early gains tofinish lower on Thursday as optimism around some progress inU.S.-Chi...Read More
Recently, we warned that Natural Gas may set up another opportunity for traders to buy into a support zone below $2.70 with a selling range near or above $3.00. Our upside target zone is between $3.25 and $3.45. The price of Natural Gas has recently fallen below $2.69 and we believe this could be the start of a setup for skilled traders to identify key buying opportunity in preparation...Read More
Heavy AMRN call buying could be the result of short sellers hedgingAmarin Corporation (NASDAQ:AMRN) stock is up 4.5%% to trade at $18.75, after the American Diabetes Association (ADA) recommended Vascepa, Amarin's fish oil-based triglyceride treatment, for patients with diabetes and certain types of heart disease. Jefferies called the decision an "incremental positive," while Cantor Fitzgerald re...Read More
A Perfect Storm ishitting the Gold market, with an internal factor (QE), an external factor (SGE),and a systemic factor (Basel). All three forces are positive in releasing Gold from the corruptclutches of the Anglo-American banker organization. The East has an all-out blitz to ditch the USDollar and to adopt the Gold Standard in its early form, namely trade payment.In the last ten years since the...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday March 28 that are worth another look.Weaker-than-expected demand from steel mills following the introduction of new rebar standards in China and increased use of ferro-niobium there have hit the ferro-vanadium market with prices in Europe now trading at levels last seen in December 2017. So far this month, the European fer...Read More
The apparel company posted fourth-quarter earnings and revenue that beat analyst expectationsThe shares of apparel concern PVH Corp (NYSE:PVH) are soaring -- up 15.2% at $127.72 -- after the company posted fourth-quarter earnings and revenue that beat analysts expectations. PVH said social media influencers, like Kendall Jenner, have helped accelerate sales of its Tommy Hilfiger and Calvin Klein b...Read More
Loop Capital: FIVE stock is a "must own"Shares of bargain retailer Five Below Inc (NASDAQ:FIVE) are up nearly 7% at $128.15 this morning, after the company reported a fourth-quarter earnings beat. Analysts have been quick to respond, with no fewer than six price-target hikes for FIVE, including to $133 from $132 at Dougherty. In addition, Loop Capital reiterated a "buy" rating and $145 price targ...Read More
Many analysts believe the stock can doubleThe shares of immunotherapy stock Affimed NV (NASDAQ:AFMD) saw a small pop on Wednesday following the company's full-year 2018 financial report. Analysts at BMO were impressed enough to lift their price target to $7 from $6, and SVB Leerink began coverage on the healthcare concern with an "outperform" designation and $8 price target.Such attention from the...Read More
The U.S. and China have reportedly made "unprecedented" progress on trade talksDow Jones Industrial Average (DJI) futures are perched just below fair value this morning. Investors are digesting a 2.2% rise in fourth-quarter gross domestic product (GDP) --on par with estimates, but downwardly revised from the previous reading of 2.6%. Trade talks between the U.S. and China are also in focus, after...Read More
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis. Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2019 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intellig...Read More
Robin Scheiner will lead a merged aluminium-alumina department at Glencore following the departure of David Streule, sources close to the matter told Fastmarkets. "Change will take place in the coming weeks or months," a source close to the matter said, while two sources said Streule will be departing by the end of June.Streule will leave Glencore...Read More