Most of the action is occurring on the call sideOptions traders are blasting Wynn Resorts, Limited (NASDAQ:WYNN) today, as the stock tests a key level of support. With about an hour left in the session, around 44,000 calls have changed hands -- four times what's typically seen, and volume pacing in the 100th annual percentile -- compared to roughly 8,100 puts.Drilling down, the March 105 call is m...Read More

The broader stock market has barely budgedStocks have swung lower this afternoon, as skepticism creeps in ahead of this week's U.S-China trade talks. Several individual names are making big moves, though, including rare diseases specialist Akcea Therapeutics Inc (NASDAQ:AKCA), drug developer Sutro Biopharma Inc (NASDAQ:STRO), and osteoporosis expert Pfenex Inc (NYSEAMERICAN:PFNX). Here's a closer...Read More

The stock has struggled since its July IPOThe shares of Livongo Health Inc (NASDAQ:LVGO) were last seen trading up 15.5% at $20, after the digital healthcare management company announced a deal where it'll provide its service for all Federal Employees Health Benefits Program members who have Type 1 or Type 2 diabetes. This prompted a note from SVB Leerink, which said to "aggressively" buy the equi...Read More

Adjustments to EU safeguard measures will "stabilize trade flows by containing import concentrations from certain exporting countries," the European steel association Eurofer said on Tuesday October 1.Although the changes will result in improvements, "the result is still not sufficient for a large part of the sector, especially given that it is facing depressed domestic steel demand," Eurofer said...Read More

Netflix will report earnings after the close on Oct. 16The shares of Netflix Inc (NASDAQ:NFLX) are higher today, up 1.2% to trade at $273.97, shaking off a price-target cut to $300 from $380 at Evercore. The analyst in coverage noted that the streaming field is becoming crowded, and due to Netflix's pricing, could be stuck in a "race to the bottom."The analyst caution over Netflix stock is well-fo...Read More

Silver is definitely cheap. By almost any standard of measurement, the price of silver is cheap. It is cheap relative to gold, it is cheap compared to its recent peak in 2011, and it is cheap historically. For some, that apparently means that silver is a bargain, too. I’m not so sure. Those who tell us silver is cheap relative to gold say that silver’s price is likely to rise higher,...Read More

The UAW rejected GM's latest offer General Motors Company (NYSE:GM) stock is lower, after Sunday's negotiations between the automaker and the United Auto Workers (UAW) union took a "turn for the worse," according to Terry Dittes, who is the UAW vice president of the GM division. Specifically, the UAW rejected GM's offer of a new four-year labor contract, which Dittes said "did nothing to advance a...Read More

By Andy Hecht : Starting and June and through the beginning of September, gold and silver prices were back in bullish mode. Gold rose to its highest price since 2013 and silver to its peak since 2016. The nearby gold futures contract traded up to a high at just under $1560 per ounce. Silver peaked at just under $19.54. Markets rarely move in a straight line, and corrections can be healthy for bull...Read More

https://edsteergoldsilver.com/YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM(05 October 2019 -- Saturday) The gold price crawled quietly higher until around noon China Standard Time on their Friday -- and then didn't do much of anything until the jobs report hit the street at 8:30 a.m. in New York. It was sold down about ten bucks or so over the next thirty minutes -- and back below $1,500...Read More

Avi Gilburt, Elliott Wave TraderAs the media highlights the potential impeachment process in the coming weeks, many are so concerned that this will be the "cause" of the market drop we are expecting. Yet, history suggests otherwise.The narrative will certainly play out as follows: The market likes certainty and stability within our government. (Please ignore that this was the same reason many cl...Read More

The Dow Industrials ended the week with an 800-point Whoopee Cushion bounce that recouped two-thirds of a 1300-point loss suffered days earlier. The swoon, exhilarating as it may have seemed to traders, will do little to brighten an economic picture that has gone from boom to gloom since mid-summer. One might think that the dark cloud of recession over China and Europe would have caused investor...Read More

By: Ira EpsteinGold's short-term trend is lower, finding support at the 18-week moving average..Read More

Range bound trade in gold and silver should be broken this week and a new range should be formed. There will be good demand in gold as long as it trades over $1480. There will be good demand in silver as long as it trades over $1680. Copper, zinc and nickel are poised for a ten percent one way move. Industrial metal price moves will be dependent on perception of recession among traders. Chinese...Read More

U.S.-China trade officials will meet in Washington, D.C., later this weekThe Dow Jones Industrial Average (DJI) is trading just below breakeven at midday, but has pared sharper losses from the morning. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) have climbedinto the black, though, after earlier being down on reports of China's reluctance to hammer out a trade dealin Washington, D.C., la...Read More

After a September earnings disappointment, Adobe stock just met up with a key supportive trendlineShares of technology powerhouse Adobe Inc (NASDAQ:ADBE) are just about flat in today's session, trading fractionally higher at $277.21. The stock is down about 10.9% from its July 26 closing high of $311.27, with the pullback exacerbated by a negative earnings reaction in mid-September. However, ADBE...Read More

The markets for ferro-chrome with both high carbon and low carbon (0.10% C) content ticked upward in the week ended Friday October 4, with support from low supply volumes coming into the spot market. High- and low-carbon alloy prices rise in Europe Imported alloy price in China increases Domestic alloy price rolled over in China US alloy market stable.Prices for high and low carbon (0.10% C) ferro...Read More

Both NVDA and AAPL could be sensitive to the U.S.-China trade talks this weekThe shares of Nvidia Corporation (NASDAQ:NVDA) are trading up 2.5% this morning at $186.61 after RBC's price-target hike to $217 from $190, which was based off the firm's bullish view of NVDA's gaming and data center businesses. The chip stock has now jumped more than 18% in the past three months and is pacing for its hig...Read More

J.P. Morgan Securities and Cowen both like 10X Genomics Wall Street newbie 10X Genomics Inc (NASDAQ:TXG) is in focus after not one, but two analysts initiated coverage on the biotech this morning. Specifically, Cowen started following TXG with a "buy" rating, and a $55 price target, while J.P. Morgan Securities began coverage with an "overweight" rating, also giving the equity a $55 price target....Read More

UBER has recently seen resistance from its 30-dayRide-hailing service Uber Technologies Inc (NYSE:UBER) is up 1.5% this morning at $30.11,after receiving an upgrade to "buy" from "neutral" at Citigroup. The brokerage firm waxed optimistic on third-quarter results and growth for the second half of 2019, despite legal troubles the company has endured.Though it's still early, today's gains puts Uber...Read More

GE said it would freeze pensions of around 20,000 employeesGeneral Electric Company (NYSE:GE) stock is down 0.4% at $8.54, after the industrial conglomerate said it would freeze pension plans for around 20,000 salaried U.S. employees. The move comes as part of the company's broader plan to lower its pension deficit by up to $8 billion.It's been a rough stretch for GE since a late-September rejecti...Read More