What's astonishing is how long it lasts.Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership a...Read More

The stock rose nearly ten percent before pulling back.Continue...Read More

The week has just begun and we've already seen a new fresh all-time high for the S&P500 index. Continue...Read More

Stocks are surpassing all-time highs as the trade war between China and the USA seems to be winding down. So why is the Fed still cutting rates like the economy is in a recession?Continue...Read More

Greg Weldon returns to discuss Gold, gold stocks, the decline in the dollar and the other potential drivers for precious metals. He also shares other things he's bullish on.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection...Read More

Slab export prices from Brazilian producers fell further in the week ended Friday October 25 because producers were willing to accept lower bids to maintain sales volumes.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, fell to $350-360 per tonne fob on Friday from $360-365 per tonne fob a week earlier.Sources believe Brazilian prices could now find a floor around...Read More

Observations from a recent site visit there are provided in a BMO Capital Markets report. In an Oct. 22 research note, BMO Capital Markets analyst Andrew Mikitchook reported the main takeaways from a site visit to Premier Gold Mines Ltd.'s (PG:TSX) South Arturo joint venture project with Nevada Gold Mines. The primary highlight, Mikitchook indicated, is that the El Ni?o mine at South Arturo in Ne...Read More

The Fed is expected to cut rates again at this week's meeting Stocks surged today, as an influx of well-received earnings reports from Spotify (SPOT) and AT&T (T), among others, helped boost investor sentiment. Most notably the S&P hit a record intraday highof 3,044.08, and notched a new all-time closing high. In addition to the earnings optimism, hopes for a U.S.-China trade deal helped buoy Wall...Read More

OMER is trading above a key trendline todayOmeros Corporation (NASDAQ:OMER) earlier said it initiated the rolling submission process for a Biologics License Application (BLA) to the U.S. Food and Drug Administration for narsoplimab, its leading antibody to treat hematopoietic stem cell transplant-associated thrombotic microangiopathy (HSCT-TMA). The therapy already holds an orphan drug designation...Read More

President Xi Jinping reportedly lauded blockchain on FridayRemember bitcoin? Well, it's still around, and found itself in the spotlight on Friday, after Chinese President Xi Jinping reportedly endorsed blockchain technology and called for greater advancement into the field. In fact, searches for "blockchain" on China's Baidu skyrocketed by more than 40 times in just two days, according to The Wall...Read More

Friday’ssession was exceptional for several reasons and the most profound ones aregold’s and silver’s sizable intraday rally, and the subsequent slide. Thereversals that both metals created are practically screaming signs pointing towhat’s next. The way mining stocks behaved, and how gold closed relative to itsprevious tops also have important implications, but let’s...Read More

The equity just pulled back from record highsBiopharmaceutical concern The Medicines Company (NYSE:MDCO) will report earnings on Wednesday, Oct. 30. MDCO shares have quietly rallied nearly 200% in 2019 so far, and the stock's recent pullback could be an opportune time to jump in on the next leg higher, if history is any indicator.The Medicines Company stock touched an all-time high of $58.48 on Oc...Read More

Steel prices are expected to remain stable in the Brazilian domestic market through the remainder of 2019 despite a still favorable import parity, the commercial director for Companhia Sider??rgica Nacional (CSN), Luis Martinez, said on Thursday October 24.While hot-rolled (HRC) and cold-rolled coils (CRC) are currently being sold at a 2% premium over internalized imports, galvanized materials are...Read More

Avi GilburtThere is a significant amount of frustration from the bulls and bears alike as the market has been basically in a trading range for many, many months. So, before we go into my expectations for the coming months, I want to review how we got here.As the market began its rally off the December lows of 2018, my initial expectation was that we could top out as we headed into the March/Apri...Read More

Some traders and analysts think SHOP can break out to $400Shopify Inc (NYSE:SHOP) is preparing to report earnings before the open tomorrow, Oct. 29, and bulls will be hoping for more of the same from the e-commerce solutions stock. That's because the shares have gained the day after earnings in four consecutive quarters, including a 7.4% jump last quarter, and a 12% surge this time last year. Sure...Read More

Options looks relatively cheap on the shipping nameShipping giant FedEx Corporation (NYSE:FDX) is moving higher this afternoon, up 1% at $159.72. This positive price action may be short lived, however, as data from Schaeffer's Senior Quantitative Analyst Rocky White indicates FDX is nearing a historically bearish trendline.On the charts, FedEx stock has been in a major downtrend since early 2018....Read More

Brazilian iron ore pellet producer Samarco has received a license from a state environmental agency, allowing it to resume operations in its Germano complex, in southeastern Minas Gerais state, on Friday October 25.With the license, issued by the Minas Gerais' state environmental council, Copam, Samarco has secured all environmental permits needed to resume operations, its 50% shareholder Val...Read More

The broader stock market is soaring today, tooThe S&P 500 Index (SPX) is fresh off a record intraday peak, fueled by a big day for luxury retailer Tiffany (TIF). Among other names making notable moves are Dow stock Microsoft Corporation (NASDAQ:MSFT), streaming issue Roku Inc (NASDAQ:ROKU), and child care provider Care.com Inc (NYSE:CRCM). Here's a quick roundup of what's moving the shares of MSFT...Read More

The Nasdaq is also comfortably higherThe Dow Jones Industrial Average (DJI) is kicking off the week with big gains -- up triple digits at midday -- but is ceding the spotlight to the S&P 500 Index (SPX), which just nabbed a new all-time high of 3,044.08 and is cruising toward its fourth straight win. The Nasdaq Composite (IXIC) is is nearing its own record highs and four-day winning streak, as...Read More

Workers signed a contract outlining a mix of one-time bonuses and three U.S. plant closuresThe General Motors Company (NYSE:GM) strike has come to a close, with workers agreeing to sign a new four-year labor contract, which awards union members part of the 40-day strike a combination of one-time bonuses, and outlines the closure of three U.S. plants. While the strike may be over, the United Auto W...Read More