Plus, Wendy's is rolling out a breakfast menu in 2020The shares of Wendy's Company (NASDAQ:WEN) are in focus today, up 4% to trade at $20.69. The fast food chain is buzzing after reportingpreliminary same-store sales of 4.4%, topping the estimated 2.5% figure. The encouraging numbers, combined with the company's 2020 rollout of a breakfast menu to compete with McDonald's (MCD), have options trader...Read More
British PM Boris Johnson sees a "pathway to a possible deal"Ahead of the Oct. 31 Brexit deadline, new British Prime Minister Boris Johnson touted a "pathway to a possible deal" to leave the European Union (EU). Against this backdrop, stocks in the U.K. skyrocketed today -- and the iShares MSCI United Kingdom ETF (EWU) is pacing for its best day since 2016 -- including several big banks. In fact,...Read More
Apple's added more than 15% in three monthsThe Dow is pacing for its best day in months, and two stocks having big days are Apple Inc. (NASDAQ:AAPL) and Fastenal Company (NASDAQ:FAST). Let's check in on the shares of AAPL and FAST during their strong session on the charts. Apple Stock at All-Time HighAAPL shares have spiked 1.9% to trade at $234.55, and earlier hit a record high of $235.20. The st...Read More
President Trump will meet with China's vice premier later todayThe Dow Jones Industrial Average (DJI) is cruising toward its third straight winin style today, up over 450 pointsas Wall Street cheers encouraging U.S.-China trade talk developments. The blue-chip index is gunning for its best single-session gain since June 4, after President Donald Trump -- who will meet with Chinese Vice Premier...Read More
CRWD shares are pacing for a fourth straight lossCrowdStrike Holdings Inc (NASDAQ:CRWD) shares are down 4.7% at $58.53 -- and pacing for a fourth straight loss -- after analysts at Goldman Sachs downgraded the cybersecurity concern to "sell" from "neutral." The brokerage firm also sliced its price target on CRWD shares to $66 from $83, citing valuation and "elevated" expectations for the company....Read More
JNJ shares have been testing the 200-day moving averageJohnson & Johnson (NYSE:JNJ) shares are up 1.7% today at $131.29, after Bernstein said it believes the company will make progress on settling its $10-$12 billion in legal liabilities over the next year, adding that the worst-case scenario has already been priced into the stock. The brokerage firm upgraded its opinion to "outperform" from "mark...Read More
ROKU had recently pulled back from its September highsShares of streaming service Roku Inc (NASDAQ:ROKU) are 7% higher at $124.62 this morning, with the company on the receiving end of an impressive upgrade out of RBC. The firm upgraded ROKU to "outperform" from "sector perform," and hiked its price target to $155 from $107. Analysts at RBC say Roku's valuation has become compelling, naming the N...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 334,38358,82053,301167,755478,697555,439590,818 Change from Prior Reporting Period 11,5835,013-5,1984,70511,95911,09011,774 Traders 21469785451292175 Small Speculators LongShortOpen Interest 61,51826,139616,957 98229812,072 non reportable...Read More
Gold investment demand was strong in the months following gold's decisive breakout to new bull-market highs in late June. The metal's upside momentum fueled big capital inflows, accelerating its gains. But soon after gold's upleg stalled, so did the investment buying. With stock markets still near record highs, the normal portfolio-diversification motive for owning gold is lacking. Thu...Read More
By: Ira EpsteinGold has been stuck for a week and a half trading around the 18-DMA..Read More
Do not believe in Trump on the trade deal. Let there be a trade deal and the details made public. Then only gold will fall. Till there is a confirmation of a trade deal, I will prefer to use a buy on sharp dips strategy for gold and silver. Intraday volatility will rise in gold and silver. Traders and investors are used to one way price moves. It seems they do not like wider range trading. I hav...Read More
Slack Technologies stock is heavily shortedThe shares of Slack Technologies Inc (NYSE:WORK) are up 3.2% to trade at $24.58 this morning, on track to snap a three-day losing streak. This comes after the workplace messaging name reported September daily active users that were up 37% year-over-year to 12 million, including 6 million paid seats. Despite today's upside move, WORK is still heading tow...Read More
Theentire precious metals sector rallied yesterday, but the upswing wasparticularly visible in case of silver and (especially) mining stocks. Both:silver, and miners moved to new October highs. Silver’s breakout was tiny, butminers rallied relatively significantly and that’s the part of the current longtrade that’s particularly profitable. Of course, these profits are near tonoth...Read More
Apple stock could touch record highs todayDow Jones Industrial Average (DJI) futures are rallying before the opening bell, trading almost 300 points above fair value. Traders appear to be expecting good news on the trade front, with the U.S and China set to wrap up a week's worth of negotiations with a meeting between President Donald Trump and Chinese Vice Premier Liu He. Media reports have been...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 334,38358,82053,301167,755478,697555,439590,818 Change from Prior Reporting Period 11,5835,013-5,1984,70511,95911,09011,774 Traders 21469785451292175 Small Speculators LongShortOpen Interest 61,51826,139616,957 98229812,072 non reportable...Read More
Gold investment demand was strong in the months following gold's decisive breakout to new bull-market highs in late June. The metal's upside momentum fueled big capital inflows, accelerating its gains. But soon after gold's upleg stalled, so did the investment buying. With stock markets still near record highs, the normal portfolio-diversification motive for owning gold is lacking. Thu...Read More
By: Ira EpsteinGold has been stuck for a week and a half trading around the 18-DMA..Read More
Do not believe in Trump on the trade deal. Let there be a trade deal and the details made public. Then only gold will fall. Till there is a confirmation of a trade deal, I will prefer to use a buy on sharp dips strategy for gold and silver. Intraday volatility will rise in gold and silver. Traders and investors are used to one way price moves. It seems they do not like wider range trading. I hav...Read More
The Egyptian Ministry of Trade and Industry announced permanent duties on steel billet, rebar and wire rod on October 10, effective from October 12, Egyptian sources told Fastmarkets.The permanent safeguard duty is 16% of the cif price and a minimum of $74 per tonne for steel billet from October 12, 2019 until April 11, 2020. The duty will fall to 13% and $60-per-tonne minimum payment on April 12,...Read More
Most of the import prices for flat-rolled steel products were stable during the week ended Friday October 11 in South America, because Chinese mills did not significantly change offers made before their Golden Week holiday, which ended on October 7.But more aggressive trader offers and customer bids, especially from the continent's Pacific coast, continued to put downward pressure on the price of...Read More