Hollow steel sections prices in Europe moved up again this week, with prices for hot-rolled coil feedstock material continuing to rise and EU import quotas moving closer to expiry, market sources told Fastmarkets on Wednesday January 22.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?620-640 ($688-710) per tonne on Wednesday, up from ?,...Read More

IBM led the latest round of upbeat earnings reportsThe Dow finished lower today despite strong IBM (IBM) earnings, erasing its earlier gains in the final hour of trading on a down day for Boeing (BA). The S&P 500 and Nasdaq closed in the black and nabbed new record highs, thanks to strength in the semiconductor sector. Investors also monitored updates on the coronavirus outbreak, after President...Read More

INTC has tacked on 29% over the past 12 monthsJoining the busy earnings slate this week is Dow name Intel Corporation (NASDAQ:INTC). The company is scheduled to report after the close tomorrow, Jan. 23. Below we will take a look at how INTC has been faring on the charts, and what the options market is pricing in for post-earnings moves. At last check, the equity is up 3% at $62.28, and earlier tou...Read More

ABT call open interest is only in the 6th annual percentileAbbott Laboratories (NYSE:ABT) is in the winner's circle once again today thanks to the company's impressive quarterly sales update. The healthcare stock was last seen 2.8% higher at $92.21, earlier tagging an all-time high of $92.45, and options traders are moving in.Overall, calls are crossing at four times the expected rate, outpacing p...Read More

The Chinese stock is headed toward its fourth straight lossIt's been a rough stretch for Momo Inc (NASDAQ:MOMO), with shares of the Beijing-based social media name pacing toward a fourth straight loss. This downside comes amid headwinds for Chinese stocks, which have struggled this week on fears of a coronavirus outbreak. Today, MOMO stock is down 8% at $32.96, breaching support atop its 200-day m...Read More

Tech stocks are leading the charge after a positive reaction to IBM earningsThe Dow Jones Industrial Average (DJI) is trading higher today, as traders brush off worries over the coronavirus outbreak, and turn their attention to fourth-quarter earnings season. A positive reaction for big-cap tech name IBM (IBM) is helping boost the Dow, while fellow blue chip Intel (INTC) is hitting new highs ahea...Read More

UNH has been on a sharp uptrendThe shares of insurance giant UnitedHealth Group Inc (NYSE:UNH) appear to be setting up nicely for an upside move. The stock is carving out a bullish flag pattern, suggesting it's in good shape to add to its three-month rally of roughly 22%. Plus, there's currently familiar support in play from the 40-day moving average, which has been bullish for the shares in the p...Read More

NPTN was upgraded to "buy" this morningNeoPhotonics Corp (NYSE:NPTN) shares are rallying this morning, last seen 8.9% higher at $9.34, thanks to an upgrade out of Needham. The brokerage firm upgraded its view on the transmitter producer to "buy" from "hold," and set an $11 price target, saying among other things that the rollout of 5G technology could help the company this year.Options activity ha...Read More

Calls are tremendously popular todayAs the coronavirus spreads from Asia to the U.S., putting the world on high alert, help could soon be on the way. Biopharmaceutical name Moderna Inc (NASDAQ:MRNA) confirmed this morning that it was working with national agencies on developing a potential vaccineto the infection. Moderna -- which is also developing vaccines for the Zika virus and herpes -- will...Read More

The blue chip has added 15% over the past 12 monthsBlue chip Johnson & Johnson (NYSE:JNJ) is fresh off an earnings blunder, down 1.7% this morning, last seen at $146.70. The company reported adjusted fourth-quarter earnings of $1.88 per share, but missed revenue estimates and forecast a weak full-year profit, triggering today's drop-off. Long term the equity has been climbing, up nearly 16% from...Read More

Express plans on closing about 100 stores in an effort to cut costs Clothing retailer Express, Inc. (NYSE:EXPR) is trading up 9.6% at $4.55, after the firm said it would be shuttering about 100 of its stores in an effort to cut costs. The apparel concern also zeroed in on $80 million in savings over the next three years, with a massive portion of those opportunities stemming from work force restru...Read More

Our recent research suggests the US stockmarket may be entering a period of volatility that may include a broad marketrotation/reversion event.  We believethis volatility event could begin to happen anytime over the next 10 to 30+days.  The rally in the US stock marketending 2019 and carrying into 2020 appears to be setting up a “rally to a peak”type of price pattern. Please...Read More

Stocks could reclaim record-high territory todayU.S. stock futures are trading above fair value this morning, signaling a strong start for the Dow Jones Industrial Average (DJI). The attention on Wall Street is shifting back to earnings today after a number of big names released quarterly results, including blue chips IBM (IBM) and Johnson & Johnson (JNJ). This comes after Boeing (BA) and coronavi...Read More

Setting criteria for the stock charts that bulls should watch forA stock's price chart is one of the first things many traders look at when looking for stocks. To me a good-looking chart is one that steadily moves higher with only minor drawdowns. The problem is that there are thousands of stocks so it's impossible to look at every chart. That's why I came up with a method to quantify and rank the...Read More

By: Ira EpsteinGold held the first challenge of the 18-DMA, Bollinger bands are tightening:Read More

Industrial metals will be impacted more by the Corona Virus in China. Silver can also be impacted. Industrial metals can sell off and test 2019 lows and even fall below 2019's low if China's Corona Virus becomes an epidemic. Too early to comment. A few hundred people getting diseased by the virus is not an epidemic in the world's populous nation. The next three weeks will be crucial. Chinese int...Read More

Global steel trader Stemcor has been sold to China's Cedar Holdings for $150 million, a source with knowledge of the matter told Fastmarkets on Wednesday January 22."Once the transaction is completed, Stemcor's banking and finance facilities will increase considerably and its business will grow further," the source said.Cedar Holdings is a privately-owned commodities business headquartered in Guan...Read More

The Minas Gerais state prosecutors' office, MPMG, has charged miner Vale, consulting company T?oeV S?oeD and 16 people - including former Vale chief executive Fabio Schvartsman - for homicide and environmental crimes, according to a document made public on Tuesday January 21.The charges are related to the disaster in Brumadinho on January 25, 2019, when the rupture of a tailings dam in Vale's C??r...Read More

Craig HemkeWe've been monitoring and writing about palladium since the price first broke to new all-time highs in 2018. With the chart now seeming to go parabolic and with misunderstanding and misinformation also at all-time highs it seemed a great time to post this update.Let's start by going back to the beginning. Here are links to four palladium-focused posts written in 2019. If you only rea...Read More

COLORADO SPRINGS, Jan. 22, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced preliminary 2019 consolidated year-end and fourth quarter production results. The Company produced a record 40,318 gold ounces and produced 1,732,604 silver ounces for the 2019 year, which met annual gold and silver production target ranges....Read More