The price for steel rebar in Egypt decreased in the week ended Thursday October 31, but the import price for steel billet was stable, sources told Fastmarkets. Egyptian rebar producers reduced their domestic prices on October 9. However, several deals were heard at lower prices this week. Official prices of producers were E ?10,400-10,900 ($643-674) per tonne ex-works including 14% VAT. Sales were...Read More
A spike in nickel prices as a result of a flip-flop decision in Indonesia regarding an ore export ban of the alloying metal failed to offer any support to China's stainless steel market over the past week.Reports of an immediate commencement of the nickel ore export ban in Indonesia had emerged on Monday October 28, but a day later, Indonesian officials said that the prohibition will only come eff...Read More
The Canadian company achieves this through underground channel sampling. Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced in a news release that through underground channel sampling at Pamlico, it confirmed continuous gold and silver mineralization between the 5570 and 5518 levels of the Good Hope mine in Nevada."Our underground sampling program at Pamlico is continuing to provide valuable in...Read More
Shares of gold royalty firm Sandstorm Gold traded more than 9% higher today after reporting record revenue for Q3/19. Vancouver, Canada-based gold royalty company Sandstorm Gold Ltd. (SSL:TSX; SAND:AMEX), yesterday announced what it called record 2019 results for the third quarter ended September 30, 2019.The company advised that in Q3/19 it achieved record revenue of $25.8 million, a 49% increas...Read More
This exploration tool also assists the property's explorer with outcrop detection. Gatling Exploration Inc. (GTR:TSX.V; GATGF:OTCMKTS) announced in a news release it received and analyzed results of the recent Lidar survey of its largely unexplored, 3,370 hectare Larder gold property in Ontario, Canada.The Lidar method records detailed ground elevation measurements via laser light and sensors. At...Read More
Bloomberg said some Chinese officials are concerned about Trump's "impulsive nature"The Dow lost 140 points today, as sentiment over trade negotiations between Washington and Beijing continued to sour, dampening positive earnings from FAANG names Apple (AAPL) and Facebook (FBB). Specifically, a report from Bloomberg said some Chinese officials are wary over a long-term trade deal amid concerns ov...Read More
Apple CEO Tim Cook pointed to strong demand for the new iPhone 11The U.S. stock market is spiraling today, with Wall Street spooked by U.S.-China trade headlines and a formal vote in the House of Representatives to proceed with the impeachment inquiry into President Donald Trump. However, not all stocks are trading lower, with the shares of tech giant Apple Inc. (NASDAQ:AAPL) and smartphone suppli...Read More
DLTR is pacing for its longest losing streak in yearsDollar Tree, Inc. (NASDAQ:DLTR) has been getting hammered since its record high of $119.71 on Oct. 22, today down another 2% at $109.84, putting it on pace for a seventh straight loss -- what would be its longest losing streak since 2014. However, historical data says a quick turnaround is ahead, as DLTR stock has been positive in November in ni...Read More
CROX options were attractively priced upon recommendationSubscribers to Schaeffer's Weekend Trader Series service just scored a nice profit on the Crocs, Inc. (NASDAAQ:CROX) January 2020 29-strike call. Below, we'll explain why we expected a big surge from CROX shares, and how the winning trade unfolded in just over two weeks.At the time of our initial recommendation on Sunday, Oct. 13, footwear...Read More
One name got slapped with an "underperform" ratingWith earnings season in full swing, traders are reacting to a deluge of quarterly confessions today. Two such names that just threw their hats into the earnings ring are Paris-based marketing firm Criteo (NASDAQ:CRTO) and chip manufacturer Cree, Inc. (NASDAQ:CREE). Below, we'll take a look at the post-earnings analyst attention surrounding CRTO and...Read More
RTN stock hit a two-year high earlier this weekRaytheon Company (NYSE:RTN) shares came barreling into 2019, surging more than 30% from their late-December lows near $144 to their late-February highs around $188. The defense stock spent the next several months churning in a tight range just below its first-quarter peak, before taking a sharp bounce off its 50-week moving average in late August.This...Read More
November series puts have been popularSplunk Inc (NASDAQ:SPLK) is trading 1% lower today at $119.31, but the shares could be flashing a buy signal right now. Data from Schaeffer's Senior Quantitative Analyst Rocky White highlights a recent pullback to the80-week moving average, and the previous nine meet-ups with this long-term trendline have yielded an average three-month gain of 7.9%. However, c...Read More
It'll be another busy earnings scheduleThe upcoming earnings schedule doesn't feature as many Dow components as recent weeks, with just Walt Disney (DIS) set to report, but there are still a number of notable companies on the list. Early in the week traders will hear quarterly results from Uber (UBER) and Shake Shack (SHAK), with names like Square (SQ) andDropbox (DBX) due to report later on. Belo...Read More
Facebook and Apple are higher after earnings, thoughThe Dow Jones Industrial Average (DJI) is sharply lower at midday -- and was down nearly 250 points at its session lows -- as U.S.-China trade tensionsovershadow another busy day of earnings. A Bloomberg report, citing unnamed sources, indicated the Chinese government has doubts about a long-term trade deal and President Donald Trump's "impulsi...Read More
Doyou know what mining companies did yesterday? They verified a major breakdown,confirming the extremely bearish outlook for the following months. What? Theminers rallied? Oh, you mean the senior mining stocks (HUI, GDX…) – then yes,they moved a bit higher. But the junior miners (TorontoStock Exchange Venture Index) just declined after confirmingbreakdown below the very important risi...Read More
By: Ira EpsteinGold bears in a trap? They are under the pressure on the outside day out. The battle ground in gold is seen..Read More
At least four analysts have issued price-target cuts on Etsy stock The shares of online retail giant Etsy Inc (NASDAQ:ETSY) are sinking today, following a mixed third-quarter report. The firm posted earnings of 12 cents per share, which fell in line with the consensus estimate, but came in lower than last year's profits. And while its $197.9 million in revenue beat expectations, the company also r...Read More
The cloud stock lowered its full-year profit forecastTwilio Inc (NYSE:TWLO) reported adjusted third-quarter earnings of 3 cents per share on $295.1 million in revenue -- more than analysts were expecting. However, the cloud concern also said base revenue for the three-month period missed estimates, and it lowered its full-year profit forecast and tightened its revenue guidance, which is likely wha...Read More
The widespread adoption of steel price indices used for risk management will depend on educating steel industry stakeholders on the benefits and best practices of hedging while also overcoming the challenges of the fragmented nature of the steel markets, a panel of experts said at the London Metal Exchange's Ferrous Focus Session on Thursday October 31.Educating steel industry stakeholders, in par...Read More
Twitter stock has struggled since its early September peakJust one week removed from its catastrophic post-earnings plunge, Twitter Inc (NYSE:TWTR) is suffering another steep pullback today, this time after the company announced plans to ban all political ads from its platform beginning Nov. 22. Twitter CEO Jack Dorsey explained, "we believe political message reach should be earned, not bought,"...Read More