Turkish domestic auto bundle scrap prices continued to push up this week in line with rising imported scrap values, sources said on Monday December 23.Two steel mills raised their buy prices for auto bundle scrap by 60 Turkish lira ($10) per tonne in response to the rising imported scrap costs.Fastmarkets' daily index for steel scrap, HMS...Read More

Turkish steel mills booked one more deep-sea cargo for February shipment, with prices inching up further, market sources said on Monday December 23.A steel mill in the Iskenderun region booked a 25,000-tonne Baltic Sea cargo, comprising HMS 1&2 (80:20) at $303 per tonne, shredded at $308 per tonne and bonus at $313 per tonne cfr. The cargo breakdown was not clear at the time of...Read More

Lynette Zang is back to share her latest news and updates on the latest developments within the global economy and geo-political landscape.With 2019 being an incredible year for Gold we gain fresh insights on what lies ahead in 2020, the stock market is also rallying more than ever but could this never-ending rally give way to long term damage in the future?TOPICS IN THIS INTERVIEW:01:45 The long...Read More

Jason Burack interviewed returning guest, Cornell organic chemistry professor, Libertarian and fan of the Austrian School Economics and value investing, Dave Collum https://twitter.com/DavidBCollum, about his 2019 year review and 2020 preview report. Each year, Dave takes an enormous amount of time compiling articles, research and analysis for his extensive "Year in Review" which he has now been w...Read More

Reviewing how we got here (datapoints from 2017 and 2018 thru 2019)Another terrific chart deckJeff's outlook for 2020Read More

Amazon takes over the last mile and everything else.Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford...Read More

China will lower tariffs on 850 types of products to rates lower than most-favored-nation rates, according to the state-run Xinhua News Agency.Continue...Read More

Prices for steel billet increased in many buying regions and remained steady in most other regions due to continued strength in ferrous scrap prices, although billet buying activity started to diminish last week ahead of year-end holidays and few trades were made.Global scrap prices continued to climb despite limited volumes being traded. Fastmarkets' daily index for steel scrap HMS 1&2...Read More

Russia mined more than 185.1 tons of gold from January to July this year, according to recent data published by Russia's Finance Ministry.Continue...Read More

Billet exporters in the Commonwealth of Independent States saw a splash of demand from Saudi Arabia this week, with several cargoes heard booked, while most other markets remained quiet, market participants said.Two cargoes of billet with increased manganese content, each around 50,000 tonnes and scheduled for shipment in February, were sold to Saudi Arabia at the end of last week within the range...Read More

Improving sentiment in the European domestic and import flat steel market in recent weeks spurred Italian customers to accept higher prices for CIS slabs, supporting Fastmarkets' assessment range in the week to Monday December 23. The price of imported hot-rolled coils prices in Southern Europe has gained $20-30 per tonne since the beginning of December, while the domestic price has increased by $...Read More

Thibaut Lepouttre of Caesars Report examines how this Canadian company intends to improve on the 440,000-ounce gold-equivalent resource at its flagship project. IntroductionThis, perhaps, won't be the most original remark or statement, but sometimes a project can benefit from a fresh pair of eyes that use a whole new approach to unlock value. New Nadina Explorations Ltd. had a massive run about...Read More

The Nasdaq saw its ninth consecutive win today It was another blow-out session on Wall Street, with the Dow notching a triple-digit gain on news that China will be slashing import tariffs on a number of goods. A nearly 3% win for Boeing (BA) also helped boost the blue chip index, after the aircraft company fired CEO Dennis Muilenburg. As far as economic data is concerned, traders weighed a rise in...Read More

Calls have been a hot commodity for SNAP, TWTR, and SHOP options tradersThe 20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days. Data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. The stocks highlighted in yellow are new to the list, including Uber Technologies Inc (NYSE:UBER), which made headlines earlier toda...Read More

LYFT calls are attractively pricedThe shares of Lyft Inc (NASDAQ:LYFT) are down 4.1% to trade at $45.97 today, after it received a bear note from KeyBanc. While reiterating a "sector weight" rating, analyst Andy Hargreaves posed data that suggested the ride-sharing app's customer growth was fading, and could continue to "slow materially" unless Lyft can broaden its use cases. Also weighing heavy...Read More

Breaking down a massive options trade on PepsiCo stockWhile PepsiCo, Inc. (NASDAQ:PEP) stock is relatively unchanged at the moment, trading at $137.34, but this hasn't stopped options traders from piling on. In fact, 20,000 calls have crossed the tape so far -- five times the intraday average -- compared to just 3,006 puts. A massive amount of activity is taking place at the June 135 call, and it...Read More

Short sellers usually wait until after Jan. 1 to cover their positionsInvestors holding very profitable positions will astutely wait until after Jan. 1 to sell. This postpones paying taxes on the profits by a year. Short sellers, on the other hand, who have made money will wait until after the New Year to cover their short position. In the analysis below, I'll first look for evidence that we can i...Read More

The S&P and Nasdaq hit new highs The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) have hit fresh highs again today, while the Dow Jones Industrial Average (DJI) was also sporting a solid lead at last check, as stocks stay strong ahead of this week's Christmas break. More trade buzz has helped keep the rally alive, while a number of M&A-related headlines have also kept traders busy. This sets up...Read More

Wedbush initiated coverage on IAC with an "outperform" rating and a $295 price target The shares of IAC/InterActiveCorp (NASDAQ:IAC) are down 0.4% to trade at $244.98, lower despite an initiation of coverage at Wedbush with an "outperform" rating and $295 price target -- a roughly 20% premium to Friday's close. This comes just a few days after the firm dissolved its stake in Match Group (MTCH), th...Read More

ITCI is eyeing its best day since 2013One of the best stocks on the Nasdaq this morning is Intra-Cellular Therapies Inc (NASDAQ:ITCI), up 126.6% to trade at $28.19. This comes after the Food and Drug Administration (FDA) approved Caplyta, the healthcare company's treatment for schizophrenia. Intra-Cellular plans to launch the drug in the first quarter of 2020.ITCI earlier traded at $28.60, its h...Read More