Domino's Pizza is expected to report earnings ahead of the bell this ThursdayRestaurant name Domino's Pizza, Inc. (NYSE:DPZ) has been on a tear in recent weeks. Since staging a sharp bounce off its 100-day moving average in early February, the equity has added almost 10%. Today, the stock is climbing even higher, up 1.1% to trade at $294.80, on pace for its fifth straight win and just within strik...Read More

Tailwind-inducing upgrades may be aheadBack in October Fastenal Company (NASDAQ:FAST) stock gapped higher, and for months the shares traded in a tight sideways pattern. That was until earlier this month when the equity broke out to fresh highs, potentially foreshadowing an even stronger move higher -- which would only add to FAST's nearly 23% gain over the past year. It also helps that heavy call...Read More

Options traders may be selling to open their calls todayOne stock bucking the broad market trend today is Beyond Meat Inc (NASDAQ:BYND), up 3.7% to trade at $120.50, although the catalyst is unknown. With the faux meat concern now up a whopping 61% in 2020, options traders are getting in on the action today. At last check, 47,000 calls have changed hands, 1.2 times the average intraday amount a...Read More

Apple's revenue warning is slamming the semiconductor spaceThe Dow Jones Industrial Average (DJI) is extending this morning's losses, and is now eyeing its third straight skid as Apple's (AAPL) coronavirus-related quarterly revenue warning continues to spook Wall Street. The tech-rich Nasdaq Composite Index (IXIC) is taking a hit, with the semiconductor sector badly shaken by Apple's announcem...Read More

WMT is up 19% year-over-yearBlue chip Walmart Inc (NYSE:WMT) stepped into the earnings confessional this morning, and the results left a lot to be desired. The retail giant reported adjusted fourth-quarter earnings of $1.38 per share on $141.67 billion in revenue, both of which fell short of estimates. Walmart's full-year forecast also missed the mark, citing an upcoming stagnation of e-commerce...Read More

Portfolio insurance through options could help during market confusionThe last time I wrote in this space, I mentioned we could see a buyable pullback, and we got such a pullback a week later after January OPEX. If you remember, I mentioned there was a considerable gap between implied volatility and historical volatility spread, which is usually a precursor to volatility events. But it can be extr...Read More

Disappointing earnings are shattering MDT todayMedical equipment name Medtronic PLC (NYSE:MDT) is moving lower this morning, suffering on the heels of a disappointing third-quarter revenue in response to the heightened impact of the coronavirus. Outbreak-based headwinds is nothing new for stocks, as just this morning Apple (AAPL) sent the Dow spiraling on its own revenue warning. In response, MDT...Read More

Demand for passenger cars in the EU dropped by 7.50% year-on-year in January 2020, following four consecutive months of recovery.New car sales in Europe totalled 956,779 vehicles in Janaury 2020, compared with 1,034,407 units sold in the corresponding month of 2019, the European Automotive Manufacturers Association (ACEA) said on Tuesday February 18.The...Read More

Keybanc downgraded Tencent to "sector weight" from "overweight"The shares of China-based streaming specialist Tencent Music Entertainment Group (NYSE:TME) are down 3% to trade at $12.75 following a downgrade from Keybanc to "sector weight" from "overweight." The analyst pointed to regulatory headwinds surrounding its lucky draw feature, and ongoing competition from the short video sector. The bea...Read More

In late October and again in November, I began preparing my subscribers for the last rally phase we experienced in the metals complex. I even penned a number of public articles outlining my expectations for the same. In fact, on November 11, I published an article entitled "Gold Is Likely Approaching A Local Bottom." As we now know, gold actually struck its bottom at the time within 24 h...Read More

By: Gary SavageThe bullion banks are in jeopardy of being short-squeezed out of their huge short-position, like last year when they lost billions..Gary Savagehttps://blog.smartmoneytrackerpremium.com/Disclaimer:Investing in the financial markets can involve considerable risk. Past performance is not necessarily an indication of future performance. The information included in The Smart Money Trac...Read More

"The impacts of the war and the pandemic are hard to disentangle in market and economy charts, but it looks like positive developments in the war...were overshadowed by the pandemic, marking the end of an equity rally..." Ray Dalio, Bridgewater Associates, speaking at the World Economic Forum, Davos, Switzerland, January 21, 2020 "Investing should be more like watching paint dry or watching gra...Read More

By Avi GilburtIn late October and again in November, I began preparing my subscribers for the last rally phase we experienced in the metals complex. I even penned a number of public articles outlining my expectations for the same. In fact, on November 11, I published an article entitled "Gold Is Likely Approaching A Local Bottom." As we now know, gold actually struck its bottom at the time with...Read More

Index futures were getting drubbed Monday night on news that Apple's Q1 revenues will take a hit from coronavirus-related work slowdowns and lower iPhone sales in China. However, it remained to be seen whether this so-far controlled selloff will become an avalanche when stocks open Monday morning. If it were a Sunday night, the FAANG/lunatic stocks would be moving lower in tandem with the E-Mini...Read More

Ability/inability of spot gold to trade over $1600 will decide the trend for gold for the next three week's. Right now the trend is bullish. Silver will break free from $1740-$1810 trading range and form a new range. Copper, crude oil and nickel, boom or bust two days ahead. Right now trend is bullish for copper and nickel. Japan, Eurozone, Singapore, are among the various nations (apart from Ch...Read More

Fellow blue chip Walmart is also adding to the bearish backdropU.S. stock futures are signaling a lower open, as traders digest an underwhelming earnings report out of Walmart (WMT), and news from Apple (AAPL) that coronavirus headwinds will cause its second-quarter revenue to come in lower than expected. This latter update is set to weigh on the broader technology sector, with chip stocks in part...Read More

Flat steel sales from Brazilian distributors increased by 5.3% year on year in January, with the country's steel consumption rising amid price increases, according to national flat steel distributors' association Inda. Shipments amounted to 279,400 tonnes last month, against 265,300 tonnes a year before, Inda said on Tuesday February 18."The market is improving slowly," Inda president Carlos Loure...Read More

Ukraine's largest producer of long steel, ArcelorMittal Kryvyi Rih (AMKR), is currently bringing its new continuous casting machine No3 (CCM No3) to designed capacity, the company announced on Monday February 17."We already produce 150mm billet at CCM No3 and will start production of 130mm billet soon, " a company source told Fastmarkets.The equipment addition is part of a company project to repla...Read More

Here are five Fastmarkets stories you might have missed on Monday February 17 that are worth another look.Seaborne iron ore prices were up on Monday amid the gradual return of workers after the extended lunar new year holiday in China.The European Commission has initiated a review of existing safeguard measures into a number of imported steel products, it said on Saturday February 15.The market of...Read More

Here are five Fastmarkets stories you might have missed on Tuesday February 18 that are worth another look.Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil fell during the week to February 18 amid a slowdown in domestic trading while downstream sectors gradually return to work.Increasing aluminium inventories pressured China's aluminium price amid, generally, uninterrupted...Read More