A look at the best stocks to own heading into 2020, if past is prologueWhen the S&P 500 Index (SPX) is up 10% or more year-to-date through the end of September, then October tends to be a bearish month for U.S. stocks, per recent data from Schaeffer's Senior Quantitative Analyst Rocky White. However, several stocks tend to shine in the month of October -- including Kroger Co (NYSE:KR). Meanwhile,...Read More
Martin LovePosted Sep 29, 2019Vladimir Putin appears far and away smarter than any major Western “leader”, especially Donald Trump and Mike Pompeo. Ansarullah appears to have attacked the Abqaiq oil processing plant in the Eastern Province of Saudi Arabia with drones or something, or claims it did. Maybe they fired off missiles of some sort that had adopted Iranian technology. It&rsquo...Read More
The firm announced new data for its cancer drugThe shares of pharmaceutical company Amgen, Inc. (NASDAQ:AMGN) are higher, after the company presented data for AMG510 at the European Society of Medical Oncology (ESMO) summit over the weekend. The treatment is currently being tested on patients with advanced colorectal cancer and those with non-small cell lung cancer in early stage studies. AMGN sto...Read More
Wedbush lifted its price target on BBBY to $16Wedbush upgraded Bed Bath & Beyond Inc. (NASDAQ:BBBY) to "outperform" from "neutral," and raised its price target by $2 to $16 -- a nearly 62% premium to last Friday's close at $9.89. The brokerage firm said it expects the retailer to announce a new CEO when it unveils its fiscal second-quarter financial report after the close this Wednesday, Oct. 2, a...Read More
Turkey exported 381,915 tonnes of flat steel products in August 2019, according to the Turkish Statistical Institute (TUIK), up by 7.11% year on year from the 356,568 tonnes exported in August 2018. Despite negative sentiment in the flat steel market in Europe in July, when orders for August shipping were placed, there was still a moderate increase in...Read More
AAPL options can be had for a bargain right now, tooLast week, analysts were bullish on Apple Inc. (NASDAQ:AAPL) because of the potential impact of 5G capabilities. Today, it's iPhones, after J.P. Morgan Securities set a December 2020 price target of $265, and a December 2019 goal of $243. The analyst in coverage also upped its iPhone volume forecasts for the fourth quarter of 2019 and first quart...Read More
The three-month zinc price on the London Metal Exchange was higher at the close of trading on Monday September 30, climbing up by some 2.5% amid moderately high turnover, while lead futures were similarly stronger over the afternoon. Zinc's outright price closed at $2,376 per tonne on Monday afternoon, its highest closing price since August 1, while volumes traded were at their highest since Septe...Read More
Today's downgrade comes with little surprise for the financial nameBanking name U.S. Bancorp (NYSE:USB) is suffering this morning, already down 0.6% at $55.09, after receiving a downgrade to "underperform" from "neutral" at BofA-Merrill Lynch. In addition to the price-target cut to $53 from $55, the analyst in coverage warned of "execution risk" facing the company's premium valuation. USB is now...Read More
Corrective moves have occurred as option buyer sentiment has soured"[A] current risk to equity investors is this year's pattern of taking profits when key asset benchmarks reach levels that correspond to a 20% profit for 2019. If this pattern repeats, you will see a rotation out of stocks, and into bonds and gold ... On the sentiment front, one thing that has changed significantly from last week i...Read More
J.P. Morgan Securities boosted its AAPL price targetReports suggesting the White House wanted to curb capital flows to China sparked a bearish reversal in stocks on Friday. This morning, though, futures on the Dow Jones Industrial Average (DJI) are trading above fair value, after the Treasury Department said the Trump administration is not currently planning to block Chinese companies from listing...Read More
The ferro-vanadium export price in China held steady for the third consecutive week in the week to Thursday September 26 despite muted buying interest from abroad due to the Chinese price surpassing its counterparts elsewhere.Fastmarkets' assessment of the export price for ferro-vanadium, 78% V min, fob China was at $35.50-38.50 per kg on September 26, unmoved week on week. Few inquiries for ferro...Read More
Manganese ore producers reduced their offer prices to attract business in the week ended Friday September 27 after buyers either delayed or cut their bids prior to China's week-long National Day holiday (October 1-7). Low demand softens seaborne and port manganese ore markets Weak buying interest weighs on alloy in China Alloy sellers in India lower offer prices Alloy prices in...Read More
Keith Weiner, Monetary MetalsWe discuss capital consumption all the time, because it is the megatrend of our era. However, capital consumption is an abstract idea. So let's consider some concrete examples, to help make it clearer.Flipping Homes, Consuming CapitalFirst, let's look at the case of Timothy Housetrader. Tim has a small two-bedroom house. Next door, his neighbor Ian Idjit, owns a fo...Read More
Readers rightfully took me to task last week for putting out two headlines that appeared to at least mildly contradict one other and which taken together could only have left one wanting more clarity. The first said Don't Load Up on Puts Quite Yet; the second, There's Still Time to Load Up on Puts. So which is it? Do we get short here, or not? Well, the answer, like the market itself,...Read More
David HaggithConspiracy theories are like crime novels. You can create an infinite number of them, and all they require is a plausible plot built from real facts with enough twists to keep them interesting. That's why I don't spend my time trying to discern if any of them are true though some may be but now I'm going to write one of my own. I find it completely plausible, fully in line with...Read More
By: Ira EpsteinGold not reacting the way it should to the news last week, 18-week moving average now $1,442.8+Read More
Uncertainty Principle(Dis) EquilibriumInsane IdeasA Tribute to Art Cashin and New YorkI often say a writer is nothing without readers. I am blessed to have some of the world's greatest. Your feedback never fails to inspire and enlighten me.Last week's That Time Keynes Had a Point letter brought many more comments than usual. Apparently Keynes is still provocative 73 years after his death, no m...Read More
Here are five Fastmarkets MB stories you might have missed on Monday September 30 that are worth another look.The European Commission has made a number of changes to its existing regime of safeguard measures concerning 26 steel product categories, it said on Thursday September 26. At the same time, the appointment of a European chief trade enforcement officer was welcomed by the steel and alu...Read More
Gold has shown a tendency to rally in the last several Octobers.Geopolitical uncertainties support the metal's intermediate-term trend.Silver and gold stocks could use some improvement, however.It has been a shaky month for gold investors, and some worry that the metal's extraordinary bull run might be ending. While there are some technical challenges that gold faces heading into the fall seas...Read More
High-grade gold project in Fiji.Potential large alkaline gold system.High upside based on exploration success.CEO has a history of developing and selling gold projects for large returns.Long-term investment (3-5 years). Stock Name Symbol (US) Type Risk Share Price (US) FD Shares FD Mkt Cap (8/29/2019) Lion One Metals OTCQX:LOMLF Gold Moderate $0.68 110M $75M As I mentioned in the bullets abo...Read More