The company just announced the discovery of a new strain of HIV The shares of Abbott Laboratories (NYSE:ABT) are inching higher following the pharmaceutical company's discovery of a new strain of Human Immunodeficiency Virus (HIV) called HIV-1 Group M, Subtype L. This discovery was published in the Journal of Acquired Immune Deficiency Syndromes (JAIDS), and highlighted how next-generation genome...Read More

The S&P and Nasdaq are lower, at last checkStocks are holding near record highs today. Following last week's third rate cut of the year, Fed speeches are in focus, with Chicago Fed President Charles Evans earlier categorizing the central bank's monetary policy as "accommodative." Looking ahead, Philadelphia Fed President Patrick Harker is slated to speak at 3:15 p.m. ET. M&A headlines are also on...Read More

The combination of high stock price and low IV has been bearish for SKX in the pastSkechers USA Inc (NYSE:SKX) has been rallying sharply since its late-August lows near $29, up 34%. The shares are now trading at $39.09, within a chip-shot of their July 19 annual high of $40.50, but one signal is suggesting it's time to brace for a pullback in the retail stock.Specifically, SKX stock's Schaeffer's...Read More

A worse-than-expected fourth-quarter forecast is dragging down Match stockThe shares of online dating name Match Group Inc (NASDAQ:MTCH) are down 5.3% at $65.10 today, following the firm's third-quarter earnings report. While the Tinder parent posted profits and revenue than beat analysts' estimates, the firm's fourth-quarter outlook fell short of expectations. Match cited rising competition from...Read More

Most traders are already skeptical on CTL sharesCenturyLink, Inc. (NYSE:CTL) is trading down 4.1% today at $13.11, after a bearish analyst note came through just before the company's post-close earnings release today. Guggenheim downgraded the shares to "sell" from "neutral," saying the company should consider suspending its dividend as margin pressure will begin to catch up with it. Most analysts...Read More

Earnings are in focus again, along with a surprise productivity slowdownStock futures are signaling tentative gains today, after notching even more record highs yesterday. Dow futures are roughly 25 points above fair value, as traders weigh a surprise drop in third-quarter nonfarm productivity -- its biggest decline since 2015 -- against Tuesday's upbeat data on the services industry and jobs mark...Read More

The second biggest gold mine in Europecould be about to make investors rich.It’s a story that began over 2,000 years ago whenthe Romans dug up $16.8 billion in gold in Romania... Using only hammers andbuckets.But now, a little company with a big dreamis coming to unearth the rest. Using modern technology, they’re hoping to capitalize on anestimated $13.3 billion find.Smart investors ar...Read More

WEN has found support near its 80-day trendlineIt looks like those upbeat same-store sales estimates last month were on to something. The shares of Wendy's Company (NASDAQ:WEN) are up 4.5% in electronic trading this morning, after the fast-food chain reported third-quarter adjusted earnings and revenue that topped analysts' expectations. Wendy's also upped its full-year earnings growth guidance t...Read More

AAPL stock hit a record high on TuesdayApple Inc. (NASDAQ:AAPL) stock has been on a tear in the second half of 2019, up 51% since an early June bounce off the $170 level. The FAANG stock topped out at a record high of $258.19 yesterday, before settling just below there at $257.13. BofA-Merrill Lynch thinks there's more gas in the tank, too, saying in a note that there's still "significant room for...Read More

Dave KranzlerThe major stock indices - the Dow, SPX and Nasdaq - have wafted up to all-time highs on a cloud of Central Bank printed money. Interestingly, most of the stocks in all three indices are below to well below their all-time highs. Breadth of the move is shockingly thin. Very few stocks are responsible for pushing the indices higher. The Dow's move last Friday, for instance, was...Read More

Stewart Thomson, Graceland Updates 1. Gold continues to consolidate with sideways price action after reaching the $1500-$1550 resistance zone.2. Please click here now. Double-click to enlarge. Investor patience is required when the price arrives at a major support or resistance zone like $1500-$1550.3. The good news is that for the current gold market reaction,...Read More

By: Ira EpsteinGold in somewhat of the sideways pattern, but the swingline has turned down now -- does the market have legs to it to the downside?Read More

Indian steel manufacturers expect the Indian government to trim its support for their exports following an adverse ruling by the World Trade Organization in a subsidy dispute brought by the United States."The [Indian] Ministry of Industry & Commerce was already looking at revamping trade and tax policies, which includes scrapping certain export incentive schemes that have now been termed as s...Read More

In our most recent editorial we concluded by observing a few positives in the gold and silver stocks. W concluded with: “Their performance over the weeks ahead could give us an early hint as to how much longer the correction will last.” Fast forward another week and a few positives has morphed into a handful of positives.  First let’s look at GDX. In the chart below we plot...Read More

Is the front-month gamma-weighted SOIR a tradable indicator?Our Schaeffer's put/call open interest ratio (SOIR) measures the amount of put open interest relative to call open interest, using expiration dates within the next three months. A high number for this ratio indicates a lot of puts compared to calls. Another indicator that we use at Schaeffer's is an expiration-specific gamma-weighted SOIR...Read More

Brazil's national mining agency, ANM, has concluded that Vale failed to report anomalies before a deadly disaster breach occurred at a tailings dam in its C??rrego do Feij??o mine in January.ANM published a technical report on Tuesday November 5 in which it said internal documents from Vale showed that the miner was aware of several defects in the tailings dam but did not inform the agency before...Read More

Demand for flat steel products in Turkey remained weak in October because of the decline in global prices, market participants told Fastmarkets on Tuesday, November 5.Nonetheless, they added that local producers have now filled their order books until late December.Local demand was already weak in Turkey in September, and political uncertainty in October led to a further fall in&nbs...Read More

The three-month lead price on the London Metal Exchange was lower at the close of trading on Wednesday November 6, settling at its lowest level since early October, while tin's outright price was the only positive move over the day's trading.Lead's futures price on the LME closed at $2,115 per tonne in the afternoon, its lowest closing price since October 1, while turnover was moderate at just und...Read More

David Becker6 hours ago (Nov 06, 2019 7:02 PM GMT)Depositphotos_263207348_s-2019 (1)Gold prices rebounded ahead of support levels, as final PMI’s from the EU came in better than expected. Gold was hammered on Tuesday as US data continues to show that the last Fed cut could be the last for a while. US yields moved lower, which helped ease the upward pressure on the US dollar which paved the...Read More

The price of steel wire rod in Europe was largely unchanged this week although increases were expected in light of the price rises seen in the Turkish scrap market since the beginning of October, sources told Fastmarkets on Wednesday November 6.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?430-450 ($477-500) per tonne on Novembe...Read More