Options volume has ramped up on PLUG and SMSI The Dow has explored both sides of breakeven today, as investors digest the latest housing data. But three penny stocks making sizable moves today are healthcare firm Atossa Genetics Inc (NASDAQ:ATOS), alternative energy name Plug Power Inc (NASDAQ:PLUG), and software concern Smith Micro Software Inc (NASDAQ:SMSI). Here's a quick look at what's got th...Read More
Haveyou heard of Alexandria Ocasio-Cortez?At29 years old, she’s the youngest Congressperson in history.Alsoknown as “AOC,” Cortez is quite a sensation among young left-leaning folks. Nosurprise, she’s often referred to as the Democratic version of Trump. 2.4million fans follow her on Twitter.Likeany socialist, AOC is full of “ideas.” Most of them involve taking...Read More
The activity may not be bearish, thoughWageWorks Inc (NYSE:WAGE) stock is trading at the top of the New York Stock Exchange (NYSE) today, up 29.5% at $38.69, on news the flexible benefits provider will file the bulk of its delayed financial reports with the Securities and Exchange Commission (SEC) by the evening of Tuesday, March 19. The company's fiscal 2018 report will still be delayed.WAGE stoc...Read More
By: IRA EPSTEINGold at 18-DMA. Bearish momentum being lost. Gold price figuring out what to do next:Read More
JFE Meranti is a newcomer to the coated steel coil sector, and it expects its first years to be challenging while it works to achieve the lion's share of Myanmar's up-and-coming market for coated steel products, chief executive and managing director Sebastian Langendorf has told Fastmarkets.Langendorf was speaking in an exclusive interview at JFE Meranti's Singapore headquarters in the Marina Bay...Read More
Boeing has bounced very precisely from the 363.20 midpoint pivot shown, validating the pattern and its very bearish 'D' target at 323.72. This means that if and when the bounce from today's low sputters out and the stock relapses beneath 363.20, it could fall all the way to 323.72, or 14%, in search of traction. The secondary pivot at 343.46 would become our minimum downside objective at that...Read More
By: Stefan Gleason, In a once rare property crime now trending higher around the world, thieves are stealing precious metals from automobiles.These opportunistic criminals don't bother rummaging through glove compartments in the hope of finding stashed jewelry or gold coins. Instead, they go for the near certain score of exposed catalytic converters.A car's catalytic converter is attached to its...Read More
AMBA has rallied 46% from its Nov. 20 lowGoPro (GPRO) supplier Ambarella Inc (NASDAQ:AMBA) has been climbing higher on the charts, now up 46% from its Nov. 20 four-year low of $30. However, one technical signalindicates AMBA's upside momentum could cool off in the near future.At last glance, Ambarella stock was trading flat, just above $43.80. Digging deeper, AMBA is now trading within one standar...Read More
“The best thing you can do is know how to have a balanced portfolio.” Ray Dalio, Bridgewater Associates “The Flash Boys story put in jeopardy billions of dollars of Wall Street profits and a way of financial life.” Michael Lewis What’s the line in that popular song. . . . “Are you happy in this modern world?”In an article headlined Robots conquered...Read More
Import prices for steel billet in Southeast Asia moved up on Thursday March 14, amid an uptick in trading activity and higher scrap values, market participants said.Fastmarkets' daily import price assessment for billet in Southeast Asia was $485-495 per tonne cfr Manila on Thursday, up $5 per tonne from $480-490 per tonne cfr on Wednesday. Numerous deals involving Malaysian billet were concluded i...Read More
The shares could extend their quest for record highsTax-preparation software maker Intuit Inc. (NASDAQ:INTU) is flirting with record highs again today, peaking at $256.45 earlier. The security has been a beast so far in 2019, rallying more than 30% and outperforming the S&P 500 Index (SPX) by nearly 17 percentage points in the past 60 sessions, guided higher atop its 10-day and 20-day moving avera...Read More
The brokerage firm highlighted "execution issues and funding risks"The shares of Summit Midstream Partners LP (NYSE:SMLP) have slumped 4.6% to trade at $9.62 -- fresh off a record low of $9.28 -- after Credit Suisse double-downgraded the energy stock to "underperform" from "outperform," and slashed its price target to $9 from $15. The brokerage firm said the company's fourth-quarter earnings repor...Read More
Subscribers just won big with the April 87.50 callSubscribers to Schaeffer's Weekend Trader Series service doubled their money with the Procter & Gamble Co (NYSE:PG) April 87.50 call. Here's a quick look at why we expected a big upside move from the Dow stock, and how the profitable options trade unfolded.When we entered the position on Monday, Jan. 7, PG was fresh off a then-record high of $96...Read More
Fastmarkets AMM attended the annual convention of the National Association of Steel Pipe Distributors (NASPD) on Thursday March 7 and Friday March 8 in New Orleans. Here are five themes gleaned in the sessions, on the sidelines and at the soirees.The US Gulf Coast is excited about China LNG import rumors. Reports that China may agree to buy an immense amount of liquefied natural gas (LNG) exp...Read More
Jefferies initiated coverage with a "buy" rating and a $15 price target -- nearly double the stock's current levelsJefferies just initiated coverage of Kala Pharmaceuticals Inc (NASDAQ:KALA) with a "buy" rating and a $15 price target.In response, the shares of KALA are up 1% at $8.13, trying to battle back after an ugly 2018. KALA stock is coming off it's Dec. 24 all-time-low of $4.03 -- now up 6...Read More
Traders are digesting weak housing dataU.S. stocks are mixed at midday, with the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all lingering around breakeven. Concerns about a delayed U.S.-China trade deal are keeping some investors on the sidelines, with Wall Street also digesting a steeper-than-expected drop in new home sales in January. Meanwhile, Boeing...Read More
Shorts are likely cheering today's TLRD declineTailored Brands Inc (NYSE:TLRD) is being pummeled this morning, last seen 21.7% lower at $9.15 -- and fresh of a 10-year low of $8.70 -- after the retailer reported a fourth-quarter sales miss and disappointing forecast. Looking closer, comparable sales for the Men's Wearhouse and Jos. A. Bank businesses declined during the period. In response, at l...Read More
Chinese finished steel exports decreased in February on both a yearly and a month-on-month basis amid uncompetitive prices and fewer working days as a result of the Chinese Lunar New Year holiday.The country shipped 4.51 million tonnes of finished steel out of the country last month, down 7% from the 4.85 million tonnes exported in February 2018, according to preliminary Chinese customs data...Read More
Culp expects 2020 and 2021 to be significantly betterThe shares of General Electric Company (NYSE:GE) are higher today, shaking off the industrial conglomerate's 2019 outlook that fell short of expectations. More specifically, the company forecast adjusted full-year earnings of 50 cents to 60 cents per share, compared to the 70 cents per share consensus estimate, and said negative cash flow in it...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