SAVE has been climbing the charts in recent monthsSpirit Airlines Incorporated (NYSE:SAVE) traded as high as $47.50 this morning -- filling up on analyst bull notes and better-than-expected fourth-quarter revenue amid lower fuel costs. Three price-target hikes have surfaced, the highest coming from Deutsche Bank to $55 from $49. While the shares nabbed a six-month high out of the gate, they have...Read More
TWTR is on track for its best single-session gain since 2017The big earnings winner on Wall Street this morning is Twitter Inc (NYSE:TWTR). While the social media giant reported adjusted fourth-quarter earnings that fell short of expectations, revenue clocked in at $1.01 billion, exceeding the $996.7 million estimates. Daily active users also rose to 152 million, above the forecast 147.5 million...Read More
Lumber Liquidators announced that its president and CEO will resign Hardwood flooring specialist Lumber Liquidators Holdings Inc (NYSE:LL) is getting a boost today, following an announcement that the company's President and CEO Dennis R. Knowles stepped down, effective Feb. 5. The firm also reiterated its 2019 outlook and expects to release earnings next month on March 16. At last check, LL is up...Read More
Twitter is this morning's big earnings winnerFresh off its best outing in nine months, Dow Jones Industrial Average (DJI) futures are pointed at another impressive gain this morning. Fueling today's push is news that as part of the "phase one" trade deal, China will halve its tariffs on $75 billion worth of U.S. imports, going into effect on Feb. 14. S&P 500 Index (SPX) and Nasdaq-100 Index (N...Read More
Theprecious metals market didn’t do much yesterday, but – what may seem surprising- that’s quite bullish. It’s bullish, because the USD Index rallied to newyearly highs and this “should have” caused the PMs and miners to decline. Itdidn’t, which suggests that the decline is not yet ripe for continuation. Inthis case, the most likely scenario is that we&rsq...Read More
By: Chris MarcheseChief Mining Analyst at GoldSeek & SilverSeekTicker: FSM (NYSE), FVI (TSX)Shares Outstanding: 160.2m (Basic), 164.5m (Fully Diluted)52 Week High-Low: $4.59-$2.39(2/05/2020) Fortuna Silver, one of the stalwarts amongst primary silver producers is now in the transition phase from deriving roughly and equal amount of revenue...Read More
By: Gary SavageBull market patterns repeat themselves. Giving up when frustrated, giving up right before the up moves..https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold bouncing with a stock market, literally on fire! So where are we in these metals? Read More
Central banks believe that by injecting additional liquidity everything will be fine. Interest rate cut is the buzz word this year. The purchasing power of your national currency will rapidly fall on every massive liquidity injection. Use sharp dips to invest in gold for the long term. Corona virus is spreading with passing of each day. Numbers of deaths are rising each day in China. Numbers of...Read More
Last week we noted that the risks in preciousmetals were primarily technical. Sentiment and technicals urge caution over theshort-term. The net speculative position in Gold hasremained high for months while the 21-day daily sentiment index (DSI) hit 81%.Since the sector peak five months ago, Silver and the gold stocks havecorrected in price while Gold has made a new high.That non-confirmation has...Read More
Vale plans to invest up to $100 million to build an industrial plant for dry magnetic concentration of low-grade iron ore, as it has been trying to reduce the use of tailings dams, the Brazil-based miner said on Thursday February 6.The plant will be located in Brazil's southeastern Minas Gerais state; it will have capacity to process 1.5 million tonnes of iron ore per year and will use techno...Read More
Demand for flat steel products in Turkey was moderate in January because of the expectation that prices would go down, market participants told Fastmarkets on Thursday, February 6.Sources added that local producers have now filled their order books until early April.Local demand was strong in Turkey in December because of increasing prices, but failed to improve in January because of globally decr...Read More
A summary of the financial results for stainless steel producer Aperam for the fourth quarter and full year of its financial year in 2019.In briefThe company reports a 29% drop in earnings and claims, 'the worst stainless market environment since inception [of the company].'Aperam cites a weak economic environment both in Europe and Brazil, which weighed on demand and volumes while excessive impor...Read More
Vale plans to invest up to $100 million to build an industrial plant for dry magnetic concentration of low-grade iron ore, as it has been trying to reduce the use of tailings dams, the Brazil-based miner said on Thursday February 6.The plant will be located in Brazil's southeastern Minas Gerais state; it will have capacity to process 1.5 million tonnes of iron ore per year and will use techno...Read More
Imported flat-rolled steel and plate prices and volumes both dropped year on year in the United States, Fastmarkets has learned, while shipments of foreign semi-finished steel soared in January and domestic markets saw further softness.Imported prices have decreased, following the negative trend of global commodity prices - especially as concerns around the Wuhan coronavirus rise, market participa...Read More
By: Chris MarcheseChief Mining Analyst at GoldSeek & SilverSeekTicker: FSM (NYSE), FVI (TSX)Shares Outstanding: 160.2m (Basic), 164.5m (Fully Diluted)52 Week High-Low: $4.59-$2.39(2/05/2020) Fortuna Silver, one of the stalwarts amongst primary silver producers is now in the transition phase from deriving roughly and equal amount of revenue...Read More
By: Gary SavageBull market patterns repeat themselves. Giving up when frustrated, giving up right before the up moves..https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold bouncing with a stock market, literally on fire! So where are we in these metals? Read More
Central banks believe that by injecting additional liquidity everything will be fine. Interest rate cut is the buzz word this year. The purchasing power of your national currency will rapidly fall on every massive liquidity injection. Use sharp dips to invest in gold for the long term. Corona virus is spreading with passing of each day. Numbers of deaths are rising each day in China. Numbers of...Read More
European buyers of domestic hot-rolled coil were mainly in "wait-and-see" mode on Thursday February 6, unwilling to risk purchasing big volumes amid potential import competition, sources told Fastmarkets.Fastmarkets' steel hot-rolled coil index, domestic, ex-works Northern Europe was calculated at ?,?470.18 ($515.93) per tonne on Thursday February 6, down by ?,?5.73 per tonne from ?,?475.91 per to...Read More