A new Singapore Steel Forum will kick off for the first time next year as part of Singapore Iron Ore Week (SIOW) 2020.Fastmarkets will drive the forum together with the Singapore Exchange (SGX) and Enterprise Singapore as part of an expanded SIOW, which will be held on May 18-21 2020 at Sands Expo & Convention Centre. The Singapore Steel Forum will be held on May 20 and will include global steelma...Read More

The decline in Asian hot-rolled coil prices has continued to apply downward pressure on slab prices in the region, sources told Fastmarkets.Fastmarkets' price assessment for steel slab imports, cfr Southeast Asia and East Asia, was $375-380 per tonne on Monday October 28, as compared with $370-385 per tonne from a week earlier.During the week to Monday, a Russian producer...Read More

The index did hit another record high earlier, while the Dow waffled before closing lowerAfter trading on both sides ofbreakeven, the Dow settled slightly lower, as attention turns toward tomorrow's Federal Reserve announcement, where a 25-basis-point rate cut is anticipated. The S&P also hit another record high earlier today, before eventually settling just below breakeven. The Nasdaq, however, w...Read More

Piper Jaffray initiated coverage on WORK stock with an "outperform" ratingSlack Technologies Inc (NYSE:WORK) stock is up 4.9% to trade at $22.51, after Piper Jaffray initiated coverage with an "overweight" rating, and a $30 price target -- a nearly 40% premium to last night's close. The analyst in coverage waxed optimistic over the company's workforce software, and said the stock's recent sell-off...Read More

Amazon said it will offer free grocery delivery to U.S. Prime membersStrong earnings from a pair of big-cap pharmaceutical firms is keeping the S&P 500 Index (SPX) above water today, though gains are modest due to a negative reaction to Alphabet's (GOOGL) quarterly results. Not all stocks are moving on earnings today, though, with grocery names Kroger Co (NYSE:KR), BJs Wholesale Club Holdings Inc...Read More

An internal study shows Applied Materials stock could keep gainingIt's been an interesting few months for Applied Materials, Inc. (NASDAQ:AMAT). The shares moved lower in mid-August after the company's outlook spooked investors, only to make up those losses and then some in the subsequent weeks, including their 12% gain in October so far, sparked in part by strong quarterly numbers from rival Lam...Read More

The best and worst stocks, historically, also sport attractively priced optionsThe S&P 500 Index (SPX) has had a banner October, pacing for a 2.1% monthly gain and fresh off an all-time high. Looking ahead to November, several stocks could extend the positive momentum, if history is any indicator, including travel concern Alaska Air Group, Inc. (NYSE:ALK). On the flip side, red-hot real estate inv...Read More

Just one analyst recommends buying the stock, making it ripe for upgradesHomebuilding stocks have been one of the strongest groups in 2019, and Toll Brothers Inc (NYSE:TOL) has been no exception. The shares are up more than 24% in 2019, holding near annual-high territory, yet the sentiment picture remains extremely bearish -- setting up an ideal situation for contrarian bulls.The easiest place to...Read More

It's a busy week for FAANG earningsIt's the thick of earnings season, and FAANG stocks will be in focus this week. In today's trading, Wall Street is reacting to Alphabet's (GOOGL) earnings report. Looking ahead, Apple (AAPL) and Facebook, Inc. (NASDAQ:FB) are scheduled to tell all in the earnings confessional after the market closes tomorrow, Oct. 30, and the options market is pricing in a bigger...Read More

A historically bearish signal has flashed for X, just ahead of its third-quarter earnings reportThe shares of United States Steel Corporation (NYSE:X) are edging back down towards their three-year lows at the $10 level, off 1.2% at $12.12 at last check, after the stock's 100-day moving average thwarted its latest attempt at a rally. This puts X at a 32.9% year-to-date deficit, just ahead of its th...Read More

Stewart Thomson 1. The GOAU ETF continues to showcase the most impressive technical action in the entire precious metals ETF sector.2. Please click here now. Double-click to enlarge. A bull wedge breakout with a pickup in volume is in play.3. Gold has been reacting negatively ahead of recent FOMC meetings, and that's the case this week.4. The pullb...Read More

By: Ira Epstein Gold is not trending, gold in a stall area. Momentum has flattened out, Gold hit the upper Bollinger band hit and failed, as expected:Read More

To repeat: AAPL is the only stock we need follow closely to know whether a major top looms for the bull market. The logic is simple: Because Apple is the most valuable company in the world, its shares top institutional investors' must-own list. Furthermore, as long as those who make their living throwing Other People's Money at a dozen or so stocks continue to throw the lion's share of it at AAP...Read More

MRK and PFE are propping up the Dow todayThe Dow Jones Industrial Average (DJI) is slowly climbing at midday, as Wall Street weighs the latest batch of corporate reports and economic data. The blue-chip index is shaking off an October dip in consumer confidence, and is instead being propped up by encouraging earnings reports from pharmaceutical giants Pfizer (PFE) and Merck (MRK). The S&P 500 I...Read More

Short-term traders were very put-heavyXerox Holdings Corp (NYSE:XRX) is gaining 15% this morning to trade at $35.41, thanks to the company's third-quarter earnings beat and upwardly revised full-year profit outlook. This price action has XRX stock jumping above the 200-day moving average and testing the site of the July earnings bear gap. Xerox had moved lower following the last two earnings relea...Read More

The faux meat maker's lock-up period expiredIt was Beyond Meat Inc's (NASDAQ:BYND) third time stepping into the earnings confessional as a public company, and the stock is experiencing a steep sell-off in the wake of the results. While the plant-based burger name posted a third-quarter profit of 6 cents per share on $91.96 million in revenue -- both of which exceeded analysts' estimates -- and l...Read More

Analysts have been quick to chime in after GRUB earningsGrubHub Inc (NYSE:GRUB) reported third-quarter adjusted earnings of 27 cents per share -- in line with the consensus estimate -- on $322 million in revenue, well below the $330.5 million analysts were expecting. The company also gave lower-than-anticipated current-quarter guidance amid rising competition in the food delivery space. In a lette...Read More

U.S. stock futures are trading just below fair valueWith earnings dominating the headlines again, Dow Jones Industrial Average (DJI) futures are trading below fair value this morning. Futures on the S&P 500 Index (SPX) are also pointing to a lower open for stocks, as the broad-market index looks set to cool after yesterday's record high. Alphabet's (GOOGL) poorly received earnings update is one re...Read More

SBUX's recent pullback has found supportAt least one analyst is expecting big things from Starbucks Corporation (NASDAQ:SBUX) in the earnings confessional this week. The coffee chain is set to report third-quarter results after the close tomorrow, Oct. 30, and KeyBanc envisions strong same-store sales growth of 5%, above the consensus view of 4.5% growth. The analyst also does not think the U.S.-C...Read More

Traders are dumping capital into the 2x VIX futures tracker as fast as TVIX can burn it upEveryone loves a good underdog story, and Wall Street investors are of course no exception -- but in the case of the VelocityShares Daily 2x VIX Short-Term ETN (NASDAQ:TVIX), some traders are simply taking this trope too far.The exchange-traded note (ETN) is one of those leveraged volatility products that you...Read More