Texas, North Carolina and Arizona are among the states seeing increasing numbers of covid-19 cases, intensifying concerns as they seek to reopen shuttered economies. Continue...Read More
It seems prudent at this point to tell people to take modest doses of vitamin D supplements for their health. The evidence is easily strong enough to justify it.Continue...Read More
Some 68% of respondents to the Bank of America Global Research Fund Manager Survey for May called the current market surge a "bear market rally."Continue...Read More
"What you say matters. Help create a more equal world by using gender-neutral language if you're unsure about someone's gender or are referring to a group," states the tweet.Continue...Read More
Most analysts believe that when the RSI oscillator rises above 70 the market is "overbought" and will suffer a decline in price.An RSI above 70 is overbought on short-term charts, but on this long-term quarterly bar chart, it's clear that a rise to 70 Continue...Read More
Here are some red flags to watch out for:The salesperson gives you some story about why you should avoid bullion and buy collectible coins instead.Continue...Read More
Swedish state-owned iron-ore producer LKAB has confirmed that all production at its Kiruna mine has stopped following a seismic event on Monday, the company said on Tuesday May 19. All production has stopped after a seismic event, with a magnitude of 3.3, occurred at 3:11am on May 18, with no forecast as to when it will resume and an intensive inspection of the mine now underway, the company said....Read More
The CIS export billet market remained bullish early this week, with demand from China continuing to support prices after a plunge in interest from Turkey at the end of last week.Market participants reported offers of CIS-origin billet to China at $385-400 per tonne cfr, which would net back to $355-370 per tonne fob for cargoes to be shipped from the Black Sea basin.Some market participants said t...Read More
Money manager Adrian Day reviews developments at three gold and silver companies in his portfolio. Vista Gold Corp. (VGZ:NYSE.MKT; VGZ:TSX, US$0.807) continues to advance the Mt. Todd project in Northern Territories, Australia, as it monetizes non-core assets to maintain a healthy balance sheet without dilution. As it awaits its final permit, the improvements at Mt. Todd are now incremental, with...Read More
Steel billet and rebar prices in the United Arab Emirates had mixed fortunes in the seven days to Tuesday May 19, with demand limited by Ramadan and Covid-19 restrictions, market sources told Fastmarkets.Market participants in the UAE said that demand was unlikely to improve before the end of Ramadan in late May.Ramadan is normally a slow month for the region, but the Covid-19 curfe...Read More
China's domestic rebar prices moved up further on Tuesday May 19 amid expectations of economic stimulus emerging from the country's annual meetings of policymakers later this week. Domestic Eastern China (Shanghai): 3,560-3,590 yuan ($501-505) per tonne, up by 30 yuan per tonneThe National People's Congress of the Communist Party of China will start its annual meeting on May 22 in Beijing while th...Read More
European high- and low-carbon ferro-chrome prices increased last week, with industry sources reporting around 900 tonnes of done deals for high-carbon material and about half that for more refined-grade material.The high-carbon ferro-chrome price spread narrowed to $0.12 per lb after deals were reported that raised the lower end of the assessment. Deals for around 900 tonnes were reported and...Read More
The blue-chip index skidded into the close at its session lowsYesterday's broad-market optimism was short-lived, as the Dow plodded through a day in the red before bottoming out with a 390 point drop at the close. Weighing on the blue-chip index were corporate reports from Home Depot (HD) -- which suffered an earnings miss -- and Walmart (WMT), which initially surged after its first-quarter repo...Read More
AGI has doubled off its March lows, but could keep climbingLast week, we checked in on a mining stock flashing a bullish signal. And while gold prices have lost some of their luster this week, there's another mining stock flashing a similar signal that's worth looking in to. Data from Schaeffer's Senior Quantitative Analyst Rocky White suggests Alamos Gold Inc (NYSE:AGI) could see more tailwinds...Read More
TDOC has been making a name for itself in the new era of social distancingIt comes with little surprise that telehealth provider, Teladoc Health (NYSE:TDOC), has been making a name for itself in 2020. A leader in the small group of healthcare companies providing services that allow patients to connect to their physician via computer, Teladoc has become a household name in the age of social distanc...Read More
Southwest Airlines is seeing ticket reservations rise againThe shares of Southwest Airlines Co (NYSE:LUV) are up 4% to trade at $28.15 today, after the company announced via press release that ticket reservations have finally legged out ticket cancellations for the month so far. And just recently, Southwest added some flights back to its network which will lead to an overall capacity decline bet...Read More
The security just came within one standard deviation of its historically bullish 80-day moving average Grocery store name Kroger Co (NYSE:KR) has been one of the steadier climbers on the charts of late, up 34.2% in the last year, and well on its way to notching its fourth consecutive monthly win. While the security has pulled back since its March 18, three-year high of $36.84, the shares found so...Read More
The Dow is down 10 points middayFollowing yesterday's best market session in six weeks, the Dow Jones Industrial Average (DJI) is just below breakeven at midday, as investors turn their attention to testimonies by U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell in regard to the pandemic and progress of the CARES Act. Mnuchin stated that the government is "fully prepa...Read More
Guggenheim downgraded CMCSA to "neutral" from "buy"The shares of Comcast Corporation (NASDAQ:CMCSA) are down 1.1% to trade at $37.68 after a downgrade from Guggenheim to "neutral" from "buy." The analyst said it sees one of Comcast's primary units, NBCUniversal, as "particularly challenged" by the lasting effects of the pandemic on its theme park, filmed entertainment, and advertising businesses....Read More
Advanced Auto Part's first-quarter earnings and revenue missed analysts' estimates Advanced Auto Parts, Inc. (NYSE:AAP) is soaring today, up 7.4% to trade at $140.79 at last check, despite reporting first-quarter earnings and revenue that were lower than Wall Street's estimates. What's instead powering the stock's rally today is the company's same-store sales estimates that markedly improved the...Read More