FSLY shares are holding just above their IPO pricePiper Jaffray this morning upgraded its stance on cloud services stock Fastly Inc (NYSE:FSLY) to "overweight" from "neutral," saying the coming year will be big for the company's customer delivery network business, given live events such as the Olympics and presidential elections in the U.S. Most analysts were already bullish on FSLY stock, with 70...Read More

Wells Fargo downgraded the equity to "underweight" from "overweight" Undergarment manufacturer Hanesbrands Inc. (NYSE:HBI) is off to a rocky start for 2020 after Wells Fargo cut its rating to "underweight" from "overweight," and slashed its price target to $12 from $15. In response, the stock is down 1.6% to trade at $14.59, set for its lowest close in over a week. It's been a gradual slope downw...Read More

Stocks are set to start 2020 with strong gainsU.S. stock futures are pointing to a strong first day of 2020. The Dow Jones Industrial Average (DJI) is set to jump more than 100 points, and the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are on pace to follow suit, as traders monitor strong gains for Chinese equities and weekly jobless claims that came in slightly lower than expected. This comes...Read More

The manufacturing name remains up 21% for the quarterWater and utility measurement service Badger Meter, Inc. (NYSE:BMI) is down 1.8% this morning, last seen at $63.75. Weighing heavy on the equity is a downgrade to "sell" from "hold" at Canaccord Genuity, the firm citing a less favorable reward that is making near-term upside look limited. Coming into today, all three covering analysts carried a...Read More

Tan Viet Quang Co Ltd began construction of a stainless steel plant in central Vietnam's Quang Tri province in late December. The company will invest 1.6 trillion Dong ($69 million) in the project, which will be able...Read More

Fastmarkets reviews how much of the EU safeguarding import quota allowances for hollow sections has been used and by who, with an estimation of when they will be exhausted country by country at the current usage rates. Read More

Malaysia will impose anti-dumping tariffs of up to 26.39% on cold-rolled coil imported from China, Japan, South Korea and Vietnam. The import taxes will be in effect for five years from December 25, 2019, to December 24, 2024, Malaysia's Ministry of Trade and Industry (MITI) said earlier this week.The products subject to the duties are cold-rolled coils of iron or non-alloy steel, of...Read More

- SRSrocco Gold continues to move higher due to trouble in the Fed Repo and U.S. Treasury Market. In the first hour of business today, the Fed has already injected $57 billion in the Repo Market. While the Fed's Repo Market injections did not spike at during the last few days of 2019, as many analysts forecasted, there's still BIG TROUBLE ahead. There have been many reasons attributed to t...Read More

- Stefan GleasonThe year ahead promises to be an eventful one. It will, of course, be dominated by political headlines leading up to the 2020 election. It could also be a big breakout year for precious metals.In the second part of Money Metals' 2020 Outlook, we'll drill down on the fundamental and technical setup for gold and silver...However, in this first part, we'll set the stage by digging i...Read More

Stewart Thomson 1. I predicted gold would bottom in mid-November and it did. Please click here now. Double-click to enlarge this fabulous daily gold chart. 2. A lot of amateur gold investors have missed this rally. That's partly because they thought the "smart money" was shorting a lot of gold on the COMEX. 3. What they probably overlooked was the possibility that the s...Read More

2019 was marked by a big rise in gold, silver and palladium rise among the metals. Natural gas was the biggest looser. UK Pound or cable as we call it was nosedived on brexit but also recovered lost ground after thumping mandate to Boris Johnson in UK elections. Japanese Yen and Euro traded mostly in a range and a trend. Indian rupee had weakened against the US dollar in 2019. There is massive d...Read More

By: Ira EpsteinGold daily chart in a resistance area, what to look for next:Read More

Buyers and sellers have agreed the premium to be applied to fourth-quarter shipments of direct-reduced (DR) iron pellet, while negotiations for shipments in the first quarter of 2020 have continued but at lower levels, sources told Fastmarkets in late December.Fastmarkets' assessment of the iron ore DR-grade pellet premium, Middle East reference, remained at $39 per tonne on Monday December 31, un...Read More

The three-month price of zinc on the London Metal Exchange had made the greatest gains at the close of trading on Thursday January 2, with the price breaching nearby resistance levels, but copper futures failed to close above the $6,200 per tonne threshold despite an afternoon spike.Zinc's outright price closed at $2,310 per tonne in the afternoon, the highest close since December 27, while tradin...Read More

The majority of Chinese annual blister copper supply contracts for 2020 have settled at significantly lower refining charges (RC) on expected tight supply of the intermediate product. The bulk of 2020 blister copper 98-99% annual benchmark RC cif China supply contracts have been agreed at $125-133 per tonne. The range compares with $155-175 per tonne for 2019. In late November last year, init...Read More

The price of steel rebar in both the Northern and Southern European markets was unchanged this week, with trading activity not yet resumed after the year-end holidays, Fastmarkets heard on Thursday January 2.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was...Read More

Here are five Fastmarkets MB stories you might have missed on Thursday January 2 that are worth another look.The Chinese city of Ganzhou has launched an exchange for physical trading of rare earths and other minor metals. The outlook for aluminium scrap prices in the United States appears gloomy on the surface for 2020, with market sources noting that the US market remains plagued b...Read More

Chris Vermeulen9 hours ago (Jan 02, 2020 03:31 PM GMT)The rest of the year, Gold consolidated near $1500 as a strong US Stock Market rally took hold in Q4 of 2019.  Our original prediction was that Gold would rally to levels near $1750 before the end of 2019 based on our Adaptive Dynamic Learning predictive modeling system (ADL).  This did not happen in 2019 as out ADL modeling systems s...Read More

Cobalt hydroxide consumers will continue to have exposure to the spot market this year, with some of their requirements likely to be topped up from producer stocks held in Asian warehouses, sources told Fastmarkets. The creation of a nearby spot market has appeal in cutting the long shipping times, as well as reducing the potential for logistical difficulties and price risk associated with shippin...Read More

The three-month price of zinc on the London Metal Exchange had made the greatest gains at the close of trading on Thursday January 2, with the price breaching nearby resistance levels, but copper futures failed to close above the $6,200 per tonne threshold despite an afternoon spike.Zinc's outright price closed at $2,310 per tonne in the afternoon, the highest close since December 27, while tradin...Read More