Credit Suisse analysts predict that the U.S. parcels market could double in 5 yearsAt least two brokerage firms discussed Amazon.com, Inc. (NASDAQ:AMZN) in notes this morning. Credit Suisse mentioned the FAANG stock in its write-up on FedEx (FDX), saying the latter can increase profits and market share as it competes with Amazon in delivery. At the same time, the analysts also predicted that the U...Read More

The majority of covering analysts call CVX stock a "buy"The shares of Chevron Corporation (NYSE:CVX) are trading up 1.3% at $124.83, after Morgan Stanley initiated coverage on the oil major with an "overweight" rating and a $146 price target -- an 18.5% premium to last Friday's close. The brokerage firm called CVX low risk, and waxed optimistic on the company's free cash flow and dividend coverage...Read More

MNKD received a $12.5 million milestone payment from United TherapeuticsBiopharmaceutical concern MannKind Corporation (NASDAQ:MNKD) is volatile today, after the company received a $12.5 million milestone payment from United Therapeutics (UTHR). The payment is part of a collaboration agreement -- worth up to $37.5 million in milestone payments for MNKD -- to develop and commercialize MNKD's hypert...Read More

ATVI has struggled to break out, thoughThe shares of Activision Blizzard, Inc. (NASDAQ:ATVI) are up 0.9% to trade at $46.44 this morning, after Wedbush added the video game maker to its "Best Ideas" list. In the note, the brokerage firm believes ATVI could see "significant outperformance" in 2019 and that strength continuing into 2020, when the company could realistically post earnings per share o...Read More

February retail sales data fell short of expectationsDow Jones Industrial Average (DJI) futures are signaling a positive start to a historically strong month, with the blue-chip index set to build on its first-quarter momentum. Encouraging factory data out of China is whetting investors' risk appetite today, with bulls shrugging off an unexpected drop in February retail sales data. Futures on the...Read More

CIS export rebar prices dropped by $10 per tonne week on week on Monday April 1 on subdued demand and a weakening of the Turkish import scrap market.Rebar offers from Ukraine and Belarus varied within the range of $470-475 per tonne fob Black Sea, down from $480-490 per tonne fob a week earlier, sources told Fastmarkets on Monday.Several sources reported a 30,000-tonne CIS-origin cargo being sold...Read More

Traders should watch the VIX 18 level as a warning sign that the massive short futures trade is set to unwindThe first quarter of 2019 is in the books. The S&P 500 Index (SPX - 2,834.40) logged an impressive 13% advance, following a lousy fourth quarter that saw the index lose 14%. In case you missed Schaeffer's Senior Quantitative Analyst Rocky White's Indicator of the Week commentary last Wednes...Read More

Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More

Monthly European alloy surcharges for stainless steel products have increased for April because of higher component costs, including those for nickel, molybdenum and ferro-chrome, Fastmarkets heard on Monday April 1.April surcharges for grade-304 cold-rolled (CR) stainless sheets - according to data released by Outokumpu, Acerinox and Aperam - have increased to ?,?1,423-1,430 ($1,596-1,604) per to...Read More

Bitcoin Gold breaks above the trendline resistance supported by the 100 SMA. RSI and MACD indicators are bullish bias. Bitcoin Gold is among the coins that are posting gains on the first day of April. According to FXStreet’s cryptocurrency live rates, BTG/USD is up 4% on the day. The bullish movement comes after Bitcoin Gold spiraled below several support levels at $13.40, and $13.00. The...Read More

Stocks broke above their short-term consolidation on Friday and they got close to the recent local high. The S&P 500 index was the highest since the early October more than a week ago. But then the market traded within a consolidation. Will the uptrend resume today?Briefly:Intraday trade: The S&P 500 gained 0.7% on Friday, after opening 0.5% higher. The market will probably open higher aga...Read More

Here are five Fastmarkets MB stories you might have missed on Monday April 1 that are worth another look.The United States has challenged European Union proposals to label titanium dioxide and cobalt as carcinogens on free-trade grounds. As consumer inventories of cobalt start to run low, their metal restocking alone is unlikely to establish a floor in ailing prices, such is the believed exte...Read More

Stocks and risk-sensitive currencies on the rise Stocks and risk-sensitive currencies on the rise after strong PMI data for China and Japan. The US government Bonds yield with a maturity of more than two years has turned to growth since last week Stocks Stock markets show growth after the release of strong data for China and Japan as their respective PMIs were better than expected which supported...Read More

Condor Gold (LON:CNR) said Monday that recent metallurgical test work on samples taken from its 100%-owned La India gold project in Nicaragua had confirmed 95.4% gold recovery in laboratory conditions.The gold recoveries, said the miner, are far better than the ones found during tests carried out in 2014, for preliminary feasibility study, which used material from drill core from the La India and...Read More

Gold price started a major downside move from well above the $1,315 support level against the US Dollar. The price traded below the $1,307 support level to move into a bearish zone. Sellers gained traction and the price broke the $1,300 support. There was even a close below the $1,300 support and the 50 hourly simple moving average. The price traded as low as $1,286 and it recently corrected above...Read More

Daniel Guinabert began his new role as director general of Eurometal, the umbrella association for European steel service centers and distributors, on Monday April 1.He left his role as chief executive officer of ArcelorMittal Distribution Solutions BD Downstream on March 31.Guinabert joined...Read More

Investing.com - Gold prices were trading near flat on Monday in Asia as a private survey showed China’s manufacturing activity rebounded unexpectedly.The Caixin Purchasing Managers’ Index came in at 50.8 for March, higher than the expected 49.9, after shrinking for three straight months. The survey lifted investor sentiment as Chinese stocks surged almost 3% in morning trade.Prices of...Read More

Colin FirstMar 31, 2019 10:14 PM GMTThe price action for Gold in both spot and futures markets during the month of March was highly positive. However, profit booking activity towards the end of Month led to yellow metal losing all its gains and closing on a neutral note albeit all for weeks seeing a steady increase in price action. Safe-haven assets saw a high level of attention and fund flow...Read More

As consumer inventories of cobalt start to run low, their metal restocking alone is unlikely to establish a floor in ailing prices, such is the believed extent of the surplus, according to Fastmarkets' market sources. Trader and consumer buying returned to the cobalt market in earnest last week for the first time in the best part of a year, but the restocking does not signal the beginning of a ret...Read More

With the international cobalt metal market falling rapidly between December 2018 and February this year, the arbitrage between the international and Chinese cobalt metal price has gradually turned in favor of Chinese imports. As a result, Chinese buyers have been considering increasing their shipments of cobalt metal since February with an expectation international cobalt prices are close to botto...Read More