Thor Industries stock is surging after earnings, while weak sales hits Cal-Maine stock Big gains from Apple (AAPL) are helping boost stocks at midday. Three other names making major moves are RV manufacturers Thor Industries, Inc. (NYSE:THO) and Winnebago Industries, Inc. (NYSE:WGO), as well as egg producer Cal-Maine Foods Inc (NASDAQ:CALM). Below, we'll explore what's driving the shares of THO,...Read More
Drug data from the weekend has SGEN shares at record levelsSeattle Genetics, Inc. (NASDAQ:SGEN) is booming today, up 12% at $85.14, and earlier it hit an all-time high of $88.20, thanks to upbeat drug data presented over the weekend for its bladder cancer treatment. Analysts at Stifel, Guggenheim, and SVB Leerink all raised their price targets on the stock, the highest of $102 coming from the latt...Read More
The analyst predicted an 8% drop in sales for Tesla's third-quarter The shares of Tesla, Inc. (NASDAQ:TSLA) are down at midday, following a note from Cowen regarding the company's upcoming third-quarter deliveries report this week. Specifically, the analyst foresees a slight drop from TSLA's second-quarter numbers, predicting a sequential decline of 11% in Model 3 deliveries, with U.S. sales down...Read More
AAPL shares are at the top of the DowThe Dow Jones Industrial Average (DJI) is in positive territory today, as the U.S. stock market holds onto its early gains thanks to the White House's dismissal of reports indicating it would cap capital flows to China. Apple (AAPL) remains the top Dow gainer at midday, in response to J.P. Morgan Securities' bullish iPhone forecast, with tech as a whole standin...Read More
Turkey exported 381,915 tonnes of flat steel products in August 2019, according to the Turkish Statistical Institute (TUIK), up by 7.11% year on year from the 356,568 tonnes exported in August 2018. Despite negative sentiment in the flat steel market in Europe in July, when orders for August shipping were placed, there was still a moderate increase in...Read More
IMMU calls have ramped up in volume this morningOne of the worst stocks on the Nasdaq today is Immunomedics, Inc. (NASDAQ:IMMU), after the company said it was delaying the submission of its application for Food and Drug Administration (FDA) approval of its breast cancer drug until late November or early December. IMMU is down 12.2% to trade at $12.50 at last check, on track for its fifth straigh...Read More
All three analysts in coverage call the shares a "buy"Analysts are chiming in on Canadian clinical-stage biopharmaceutical firm BELLUS Health Inc (NASDAQ:BLU) today. Specifically, Jefferies initiated coverage with an "outperform" rating and a $20 price target -- a 208% premium to last night's close at $6.48. Cowen followed suit with its own "outperform" rating, saying the company holds "blockbuste...Read More
By: Ira EpsteinGold not reacting the way it should to the news last week, 18-week moving average now $1,442.8+Read More
The appointment of a European chief trade enforcement officer should ease trade problems in the steel and aluminium sectors and help tackle Chinese excess capacity, industry experts told a meeting of the European Parliament Committee on International Trade (INTA) in Brussels. The new officer will work under the guidance of the new European Union commissioner for trade. If appointed, as expected,&n...Read More
A look at the best stocks to own heading into 2020, if past is prologueWhen the S&P 500 Index (SPX) is up 10% or more year-to-date through the end of September, then October tends to be a bearish month for U.S. stocks, per recent data from Schaeffer's Senior Quantitative Analyst Rocky White. However, several stocks tend to shine in the month of October -- including Kroger Co (NYSE:KR). Meanwhile,...Read More
Martin LovePosted Sep 29, 2019Vladimir Putin appears far and away smarter than any major Western “leader”, especially Donald Trump and Mike Pompeo. Ansarullah appears to have attacked the Abqaiq oil processing plant in the Eastern Province of Saudi Arabia with drones or something, or claims it did. Maybe they fired off missiles of some sort that had adopted Iranian technology. It&rsquo...Read More
The firm announced new data for its cancer drugThe shares of pharmaceutical company Amgen, Inc. (NASDAQ:AMGN) are higher, after the company presented data for AMG510 at the European Society of Medical Oncology (ESMO) summit over the weekend. The treatment is currently being tested on patients with advanced colorectal cancer and those with non-small cell lung cancer in early stage studies. AMGN sto...Read More
Wedbush lifted its price target on BBBY to $16Wedbush upgraded Bed Bath & Beyond Inc. (NASDAQ:BBBY) to "outperform" from "neutral," and raised its price target by $2 to $16 -- a nearly 62% premium to last Friday's close at $9.89. The brokerage firm said it expects the retailer to announce a new CEO when it unveils its fiscal second-quarter financial report after the close this Wednesday, Oct. 2, a...Read More
Turkey exported 381,915 tonnes of flat steel products in August 2019, according to the Turkish Statistical Institute (TUIK), up by 7.11% year on year from the 356,568 tonnes exported in August 2018. Despite negative sentiment in the flat steel market in Europe in July, when orders for August shipping were placed, there was still a moderate increase in...Read More
AAPL options can be had for a bargain right now, tooLast week, analysts were bullish on Apple Inc. (NASDAQ:AAPL) because of the potential impact of 5G capabilities. Today, it's iPhones, after J.P. Morgan Securities set a December 2020 price target of $265, and a December 2019 goal of $243. The analyst in coverage also upped its iPhone volume forecasts for the fourth quarter of 2019 and first quart...Read More
The three-month zinc price on the London Metal Exchange was higher at the close of trading on Monday September 30, climbing up by some 2.5% amid moderately high turnover, while lead futures were similarly stronger over the afternoon. Zinc's outright price closed at $2,376 per tonne on Monday afternoon, its highest closing price since August 1, while volumes traded were at their highest since Septe...Read More
Today's downgrade comes with little surprise for the financial nameBanking name U.S. Bancorp (NYSE:USB) is suffering this morning, already down 0.6% at $55.09, after receiving a downgrade to "underperform" from "neutral" at BofA-Merrill Lynch. In addition to the price-target cut to $53 from $55, the analyst in coverage warned of "execution risk" facing the company's premium valuation. USB is now...Read More
Corrective moves have occurred as option buyer sentiment has soured"[A] current risk to equity investors is this year's pattern of taking profits when key asset benchmarks reach levels that correspond to a 20% profit for 2019. If this pattern repeats, you will see a rotation out of stocks, and into bonds and gold ... On the sentiment front, one thing that has changed significantly from last week i...Read More
J.P. Morgan Securities boosted its AAPL price targetReports suggesting the White House wanted to curb capital flows to China sparked a bearish reversal in stocks on Friday. This morning, though, futures on the Dow Jones Industrial Average (DJI) are trading above fair value, after the Treasury Department said the Trump administration is not currently planning to block Chinese companies from listing...Read More
The ferro-vanadium export price in China held steady for the third consecutive week in the week to Thursday September 26 despite muted buying interest from abroad due to the Chinese price surpassing its counterparts elsewhere.Fastmarkets' assessment of the export price for ferro-vanadium, 78% V min, fob China was at $35.50-38.50 per kg on September 26, unmoved week on week. Few inquiries for ferro...Read More