Call trading on MCD has ramped up todayThe shares of McDonald's Corp (NYSE:MCD) are down 1.3% to trade at $185.48 today, after the fast food giant reported adjusted first-quarter earnings of $1.47 per share, lower than than Wall Street's estimates of $1.57 per share. This is the fast food giant's first quarterly earnings miss in two years. McDonald's also reported a dip in global sales amid lim...Read More

Microsoft reported an earnings and revenue beatShares of blue-chip Microsoft Corporation (NASDAQ:MSFT) are up 0.9% to trade at $179.09 this morning, after the company reported an upbeat fiscal third-quarter report. The tech giant announced profits of $1.40 per share and revenue of $35.02 billion -- both topping Wall Street's estimates. Following the news, no fewer than 10 analysts have raised the...Read More

CMCSA reported lower-than-anticipated revenue, though its earnings exceeded expectationsComcast Corporation (NASDAQ: CMCSA) announced first-quarter profits of 71 cents per share, higher than Wall Street's estimated 68 cents per share. However, the reported revenue of $26.66 billion came in lower than analysts' estimated $26.75 billion. The company also warned that the coronavirus could weigh on f...Read More

Brazil's Vale expects the price premium for high-grade iron ore fines to decrease in the second quarter compared with those in the first, with production in China resuming.Brazilian 65% Fe iron ore has been fetching around $20 per tonne more than reference prices for 62% Fe material. This difference is mainly due to supply issues, which reduced inventories in China, the mining major's executive di...Read More

B. Riley FBR lifted its price target on LULU to $257 from $210The stretch pants stay-at-home uniform adopted by many during self-isolation has been a boon for apparel name Lululemon Athletica Inc (NASDAQ:LULU), at least according to Susan Anderson at B. Riley FBR. The analyst raised its shares to $257 from $210 -- a roughly 13% premium to current levels -- citing an increased demand for athleisure...Read More

Tesla's first-quarter earnings and revenue report beat out analysts' estimatesThe shares of Tesla Inc (NASDAQ:TSLA) are up 7.5% to trade at a two-month high of $861.24, after the electric vehicle manufacturer reported first-quarter earnings of $1.24 per share and revenue of $5.99 billion, both of which beat out Wall Street's estimates. Tesla also said its Model Y helped contribute to profits, ma...Read More

All three benchmarks are heading toward big monthly wins, thoughThe Dow Jones Industrial Average (DJI) is off by triple-digits, last seen down over 250 points as economic data overshadows a busy day of earnings reports. Jobless claims for last week came in at 3.84 million, toppling the 3.5 million estimate and bringing the coronavirus pandemic's toll to 30 million lost jobs. The S&P 500 Index...Read More

Tapestry's fiscal third-quarter results gave investors yet another taste of how hard the retail sector has fallen Tapestry Inc (NYSE:TPR) is down 9.9% at $15.34, after the Coach parent's fiscal third-quarter report gave investors another look at the devastating impact the coronavirus pandemic has had on the retail sector. The company posted losses per share of 27 cents, missing analyst estimates a...Read More

Jobless claims surpassed expectations for the seventh-straight weekDow Jones Industrial Average (DJI) futures are eyeing a modest move below fair value this morning. The latest batch of weekly jobless claims is weighing on Wall Street, with the 3.8 million unemployment filings toppling the 3.5 million estimate. The ugly numbers --a seventh straight week surpassing analyst estimates -- are overshad...Read More

RambusBefore we look at tonight's Precious Metals charts I would like to make a comment on the US stock markets. I will take some flack over some of the comments I'm going to make but that's fine as it won't be the first time nor the last.Let me start by saying, "The only rule when it comes to trading the stock markets is, "There Are No Rules." The other important rule that I live by is that, "t...Read More

By: Gary SavageGold testing $1,800 resistance, traders should take note of this area and possibility for more bullion banks attacking the metal as they remain heavily short. In the general markets, we are nearing the upside target..http://blog.smartmoneytrackerpremium.com/Read More

By: Ira EpsteinGold is strong, hard to break it. A lot of money printed and about to be printed and I think this got the gold market's attention:Read More

Agora Financial's Byron King and John-Mark Staude of Riverside Resources offer their viewpoints on markets during the COVID-19 pandemic in this conversation with Maurice Jackson of Proven and Probable.Maurice Jackson: Today, we will seek to discover the true price of gold and silver and prospect generators. Joining us for a conversation is Byron King of Agora Financial, along with Dr. John-Mark St...Read More

Here are five Fastmarkets stories you might have missed on Thursday April 30 that are worth another look.Indian steel mills are unlikely to cut domestic hot rolled coil prices for sales in May, private mill sources in the country told Fastmarkets this week.ABN AMRO Bank has filed a claim against China's largest private copper smelter Dongying Fangyuan, according to a court document seen by Fastmar...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices have fared relatively well over the past couple of months in the face of the threat from the Covid-19 pandemic.In grade-304 material, the most common grade of stainless steel, prices were down by about 5-7% since the turn of the year - not bad, when compared with the falls in prices of other assets so f...Read More

Cold-rolled coil pushed up in Turkey's domestic market in the week to Thursday April 30, after a combination of Covid-19-related shutdowns, Ramadan and national holidays led to a shortage of hot rolled coil.CRC prices increased this week, with some Turkish mills offering CRC at $520-530 per tonne ex-works, up from $515-520 per tonne ex-works because of the HRC shortage.Overall demand for flat...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.The first quarter continued the 2019 trend for China to actively import relatively cheap metallics and semi-finished steel, but can this be sustained? The answer to this question will come down to the price-competitiveness of the products, we believe. One additional incentive to continue to import metallics this year compare...Read More

Here are five Fastmarkets stories you might have missed on Thursday April 30 that are worth another look.Indian steel mills are unlikely to cut domestic hot rolled coil prices for sales in May, private mill sources in the country told Fastmarkets this week.ABN AMRO Bank has filed a claim against China's largest private copper smelter Dongying Fangyuan, according to a court document seen by Fastmar...Read More

By Stefan GleasonApril marks a second month of truly extraordinary developments in markets - from negatively priced crude oil futures to a record spike in unemployment claims to a lockdown-defying rally in stocks.The financial media is touting the S&P 500's surge of more than 13% in April - the biggest one-month gain for the index since 1974.While stock market investors have made up a big chunk...Read More

RambusBefore we look at tonight's Precious Metals charts I would like to make a comment on the US stock markets. I will take some flack over some of the comments I'm going to make but that's fine as it won't be the first time nor the last.Let me start by saying, "The only rule when it comes to trading the stock markets is, "There Are No Rules." The other important rule that I live by is that, "t...Read More