China is slowly and surely going down the path of Japan. It is aging rapidly as bad bank debts pile up.Continue...Read More
The most likely scenario is that U.S. companies have largely eaten the cost of tariffs by dealing with lower profit margins.Continue...Read More
Bitcoin fell $3,000 in just a month as China accelerated its crackdown on companies involved in cryptocurrency operations.Continue...Read More
"The gold symbolizes the strength of the country." Continue...Read More
Risk appetite is in vogue to start the week after China said over the weekend it will step up its efforts to protect intellectual property rights.Continue...Read More
Seaborne iron ore concentrate and pellet prices rose last week amid a general rebound in the market. ConcentrateFastmarkets' weekly index for iron ore 66% Fe concentrate, cfr Qingdao rose by $6.58 per tonne to $100.55 per tonne last Friday November 22. The daily Fastmarkets index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao averaged $98.30 per tonne last week, up $4.80 per tonne from an av...Read More
China's rebar prices moved up on Monday November 25 in both the domestic and export markets following futures gains, but participants were bearish on the market in the coming two months.Eastern China (Shanghai): 4,090-4,120 yuan ($582-586) per tonne, up 20 yuan per tonneNorthern China (Beijing): 3,800-3,840 yuan per tonne, up 20 yuan per tonneHigher rebar futures led to prices rising and...Read More
Bob Moriarty of 321gold explains why he sees the stock of this gold explorer as a buy right now. Investors spend a lot of time pondering both Technical Analysis and fundamentals to determine entry and exit points for investing. Perhaps they would make more money studying human behavior. Investing is not as difficult as the Gurus and Experts try to make it; it is no more complex than buying cheap...Read More
Chinese markets for chrome ore and alloy were stable week on week on Friday November 22 in the run up to announcements for December ferro-chrome tender prices. Ore and alloy prices flat in China ahead of new tender price announcement Alloy prices weaken in Japan, South Korea European price range narrows, with market participants reporting continued poor demand US spot market sta...Read More
The European ferro-silicon spot price jumped by more than 7% in the past week, breaking a three-week run of stability on increased trading activity. Ferro-silicon lumpy basis 75% Si (scale pro rata), delivered Europe rose to ?,?950-1,000 ($1,047-1,102) per tonne on Friday November 22, compared with ?,?900-920 per tonne the week before. Most buying interest was reported on an inter-merchant ba...Read More
China said it'll finally make moves on intellectual propertyStocks rallied today thanks to positive headlines around U.S.-China trade relations, with the latter country saying it will raise penalties for intellectual property theft. A flurry of corporate dealmaking also added to the bullish bias, as the tech sector -- and chip stocks in particular -- helped lead the market higher. The S&P 500 and...Read More
Options volume is triple the average intraday paceThe shares of eBay Inc (NASDAQ:EBAY) are trading up 1.9% at $35.80, after the company said it is selling StubHub to ticket reseller Viagogo for $4.05 billion in cash. The pop has sparked a rush of activity in EBAY's options pits, with volume running at three times the average intraday pace -- and a number of speculators targeting even more upside t...Read More
The volatile price action comes during a strong day for the broader stock marketWhile the S&P and Nasdaq notch new highs today, three stocks in particular in the spotlight are biotechs Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR), Intercept Pharmaceuticals Inc (NASDAQ:ICPT), and Teva Pharmaceutical Industries Ltd (NYSE:TEVA). Below, we'll look at what's behind ARWR, ICPT, and TEVA's big moves to...Read More
Put traders are pouncing on XRT as the holiday season approachesRetail earnings have been a point of focus in recent weeks, so we were taking a look at the sector's primary exchange-traded fund (ETF), SPDR S&P Retail ETF (XRT). As far as options data is concerned, traders have started to take a more put-skewed approach with more earnings due out this week from the sector, and of course the holiday...Read More
The company is slated to report earnings tonightCybersecurity name Palo Alto Networks Inc (NYSE:PANW) is up 1.2% at $249.87 this afternoon. Options traders look to be gearing up for the company's fiscal first-quarter earnings, which is slated for after the close today. On the charts, PANW has resumed its climb higher, with help from the 100-day moving average a few weeks back. Longer term, the e...Read More
Tesla CEO Elon Musk said in a tweet this weekend that 200,000 pre-orders for its Cybertruck have already been placed The shares of Tesla Inc (NASDAQ:TSLA) have turned themselves around since Friday's disastrous unveiling of its new electric pick-up truck, the Cybertruck. In fact, the stock is up 2.3% at $340.72 at last check. Options are running slightly hotter than usual today. So far 103,000...Read More
M&A headlines are in focus today, tooStocks are soaring today, with the technology sector leading the way higher on reports Beijing is seeking greater protection for intellectual property rights -- a key hurdle in U.S.-China trade negotiations. Wall Street is also sifting through an onslaught of M&A headlines, including news Charles Schwab (SCHW) will buy fellow broker TD Ameritrade (ATMD), and Fr...Read More
The movie notched $127 million in box office sales for its opening weekend The shares of Walt Disney Co (NYSE:DIS) are inching higher this morning, up 0.5% at $149.10 at last check, after "Frozen II'" collected $127 million in U.S. box office sales during its opening weekend -- making it the third biggestopening ever for an animated movie. The film's box office sales fell in line with analysts' ex...Read More
Our options-based "hedging ratio" lines up pretty well with S&P price extremesThe following is a reprint of the market commentary from the December 2019 edition of The Option Advisor, published on November 22. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.Not to be outdone by the stock market's run to new records,...Read More
The rate of call buying on Netflix is at multi-month highsNetflix Inc (NASDAQ:NFLX) is trading down 0.7% this morning at $308.37, following a downgrade to "underperform" from "market perform" at Wells Fargo, which also dropped its price target to $265 from $308. The brokerage firm believes the streaming company won't be profitable per subscriber until 2022, and is concern that it's still losing $2...Read More