China's steel industry has faced difficulties in production and sales since the first working day after the Lunar New Year holiday due to the novel coronavirus (2019-nCoV) outbreak, which has led to some 78,000 infections and close to 2,700 deaths in the country so far.Here are eight key effects of the outbreak has had on the Chinese steel industry, according to the China Iron & Steel Association...Read More

The 10-year treasury bond yield sank to record lowsThe Dow turned in its fourth-straight triple-digit loss today, as the rapidly spreading coronavirus continues to grip Wall Street. The blue-chip index let an over 460-point gain slowly slip throughout the day, after the Food and Drug Administration (FDA) warned COVID-19 was on the cusp of a pandemic and the U.S. confirmed a new case. The S&P 500 a...Read More

Taking a look at Target stock ahead of next week's earnings report Target Corporation (NYSE:TGT) stock has been in sell-off mode since the broad-market pullback, now nearly 6% lower for the week. While stocks seem to be making a comeback, TGT is still inching lower, down 0.9% at $110.70 at last check. This comes just ahead of the retailer's fourth-quarter earnings report, which is due out before t...Read More

3 names seeing heavy options trading todayThree names seeing unusual options activity today are Gilead Sciences, Inc. (NASDAQ:GILD), Oracle Corporation (NYSE:ORCL), and TJX Companies Inc (NYSE:TJX). Below we'll break down why options traders are targeting GILD, ORCL, and TJX in today's trading. GILD stock is trading up 2.9% today at $72.16, as traders monitor the coronavirus outbreak, with Gilead...Read More

Bulls should be watching MDT closelyCoronavirus, or COVID-19, continues to be the talk of the Street. We've had a few brief respites from the outbreak concerns, but for the most part the "major" market moves have revolved around the latest headlines around the virus. The fears really heated up when tech bellwether Apple (AAPL) said its revenue for the quarter could be softer than expected, and thi...Read More

Eastern China's Shagang has decreased the prices for its long steel products booked over the March 1-10 period, according to a company announcement late on Tuesday February 25.HRB400 rebar (16-25mm): 3,650 yuan ($520) per tonne, down 230 yuan...Read More

The Dow has added roughly 350 points by middayThe Dow Jones Industrial Average (DJI) is deep into triple-digit territory at midday in a effort to recoup the two-day slide that devastated the blue chip index. Meanwhile, strong gains in the finance and healthcare sectors are giving the S&P 500 Index (SPX) a boost, with the former getting a lift from a bounce-back in the 10-year Treasury yield. The...Read More

DIS is trading at its lowest point since AprilThe shares of Walt Disney Co (NYSE:DIS) are sitting out the Dow's furious rally from this week's steep drop. DIS is the worst Dow stock today, down 1.4% to trade at $126.44, after it was announced CEO Bob Iger will be stepping down. Although he will remain company chairman, Bob Chapek, prior head of Disney Parks, will succeed Iger. Cowen and Company ca...Read More

The pizza maker's earnings and revenue topped forecasts, thoughA big earnings loser today is Papa John's International Inc. (NASDAQ: PZZA). The pizza giant reported adjusted quarterly earnings of 37 cents per share, which is 4 cents a share above estimates and 22 cents higher than the same quarter last year. Continuing to exceed expectations, the company's revenue came in at $417.41 million, shoot...Read More

ETFC has added 7% in 2020Just one week off the buyout that led to its best day since 2009, E-Trade Financial Corp (NASDAQ:ETFC) is trading modestly higher, up 0.6% at $48.81, despite receiving a downgrade to "market perform" from "outperform" at Raymond James. Yesterday ETFC marked its third-straight loss on the charts, but remains well above its recently supportive 120-day moving average. Year-t...Read More

Global crude steel production totaled 154.44 million tonnes in January, a year-on-year rise of 2.1%, according to the World Steel Association (Worldsteel).The increase was made possible by a 7.2% rise in Chinese steel production, which hit 84.27 million tonnes in January 2020.In contrast, two other Asian steelmaking powerhouses - India and South Korea - recorded year-on-year decreases.Indian outpu...Read More

WEN shared earnings that were in-line with estimatesShares of Wendy's Co (NASDAQ:WEN) are down 2.3% this morning, last seen at $22.42. The fast-food chain forecast a weaker-than-expected full-year outlook, but revealed fourth-quarter earnings that were in-line with estimates. Meanwhile, Wendy's also reported bigger-than-expected capital costs on for the year, as they roll out a new breakfast menu...Read More

Lowe's posted Q4 earnings that beat analysts' expectations, but same-store sales and revenue that missed the mark Lowe's Companies, Inc. (NYSE:LOW) took its turn in the earnings confessional this morning, and the results are a mixed bag. The home improvement retailer posted fourth-quarter adjusted earnings of 94 cents per share, which beat analysts' estimates, but announced $16 billion in revenue...Read More

U.S. stock indexes will try to gain again todayDow Jones Industrial Average (DJI) futures are pointing to a positive open for stocks this morning after the historic two-day coronavirus-inspired sell-off. However, traders will likely remain on edge throughout the session, given how quickly equities gave up early morning gains on Tuesday. What's more, President Donald Trump has said he will be holdi...Read More

Clive MaundThe market crash called for on the site on the 15th, right before it started, is now going full bore, and in this update we are going to consider the short-term outlook, especially insofar as it impacts upon our Tech sector puts, and also the grim longer-term outlook.A full-on "in your face" catalyst for the crash has arrived in the form of the Covid-19 or coronavirus, which has alre...Read More

Steve St. Angelo, SRSrocco Report The Global Financial System is now under severe stress. While there have been many factors leading to up to this point, the situation that is unfolding in China and abroad seems to be speeding up the process. Yesterday, the market got a small WHIFF or WOKE up a TAD in regards to a global contagion and soon to be the rapid contraction of the JIT - Just In Ti...Read More

By: Gary SavageWe don't have the signs of an ultimate bubble top. What kind of behavior would show this? A mini bubble? Gold is anticipating inflation in the years ahead. Gold mining stocks $GDX technical update / baby bull high:http://blog.smartmoneytrackerpremium.com/Read More

The gold bull market ended 2019 with a strong gain of 19%. The first half the year was marked with uncertainty as the price after an early year surge to $1350 gave up all of it's gains to drift lower to trade down on the year by early May. However, this was the calm before the bull market storm and that set the stage for a powerful bull run starting early June that saw the Gold price rocket higher...Read More

China's steel industry has faced difficulties in production and sales since the first working day after the Lunar New Year holiday due to the novel coronavirus (2019-nCoV) outbreak, which has led to some 78,000 infections and close to 2,700 deaths in the country so far.Here are eight key effects of the outbreak has had on the Chinese steel industry, according to the China Iron & Steel Association...Read More

Gold rally goes on, reaching almost $1,700 per ounce. What the heck is just happening in the precious metals market? Gold Rallies Above $1,680Wow, what an escalation! On Thursday, we reported that gold jumped above $1,600. On Friday, its price surpassed $1,640, as the chart below shows. And today morning, it has rallied even further, reaching $1,684. Chart 1: Gold prices in 2020 (London P.M. Fix)....Read More