Money manager Adrian Day reviews non-resource stocks from around the world, noting that although he is cautious on global markets right now, with a few exceptions, some of the stocks on his list will be rated good buys on any dips. Loews Corp. (L:NYSE, 33.70) reported a profit in the last quarter, driven by earnings at CNA Insurance and Boardwalk Pipelines, as well as investment income at the pa...Read More

In light of COVID-19, Liberty Gold states that it is proceeding safely, requiring workers to take certain health precautions. Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) commenced a fully funded, 2020 exploration program at its Black Pine oxide gold property in Idaho on March 31, it announced in a news release. During this season, the company intends to focus on drilling the gold discoveries it mad...Read More

Aben Resources advised that it has implemented company-wide safety measures to protect the health of all of its stakeholders including office staff, field crews, contractors and local communities during the coronavirus pandemic. Aben's Forrest Kerr Gold ProjectIn a news release, Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) announced that it has implemented "operational procedures across the compa...Read More

Demand for flat steel products in Turkey was weak in March because of the spread of the Covid-19 pandemic in the country, market participants told Fastmarkets on Thursday April 2.The first case of a Covid-19 infection was announced on March 11 in Turkey, and all schools were closed on March 15.Since then, several carmakers in the country have announced production stoppages.Tofas, which produced 26...Read More

Automotive manufacturers in Europe and the UK have extended their previously announced production suspensions following the introduction or extension of national lockdown measures.Shutdowns were announced by carmakers across the continent because of the supply chain problems created by the measures taken by governments to restrict the spread of the Covid-19 pandemic.There are now lockdowns in plac...Read More

Demand for flat steel products in Turkey was weak in March because of the spread of the Covid-19 pandemic in the country, market participants told Fastmarkets on Thursday April 2.The first case of a Covid-19 infection was announced on March 11 in Turkey, and all schools were closed on March 15.Since then, several carmakers in the country have announced production stoppages.Tofas, which produced 26...Read More

Iron ore export volumes from Brazil fell by 2.13% year on year in March, with the daily average falling by 15.48% in the same comparison, Fastmarkets understands.The country exported 21.71 million tonnes of iron ore last month, compared with 22.18 million tonnes the year before, according to figures released by the country's Ministry of Economy on Wednesday April 1.A higher number of working days...Read More

Oil's surge lifted the Dow The Dow closed up over 400 points following a volatile day of trading, following suit of oil, which surged nearly 25% for the day. The spike came in response to a tweet from U.S. President Donald Trump that said Russia and Saudi Arabia will be "cutting back approximately 10 million barrels." However, the dealto curb production -- proved susceptible to some doubt among in...Read More

The energy name has been a top performer in April during the past decade Earlier this week, Schaeffer's Senior Quantitative Analyst, Rocky White, broke down the best performing stocks in April over the last 10 years. One of those stocks is crude oil concern Hess Corp (NYSE: HESS). Looking over the last decade, Hess boasts an average April return of 4.6%, with nine out of 10 returns positive, ma...Read More

Spain's Ministry of Industry, Trade & Tourism has finally confirmed the steel industry is considered "essential" and can continue operating, albeit at a slower pace, the Spanish steel distributors association, UAHE, said on Wednesday April 1.The Spanish government issued a royal decree on March 29, ordering the shutdown of all non-essential activities and businesses from March 30, with a rest...Read More

Here are five Fastmarkets stories you might have missed on Thursday April 2 that are worth another look.Tata Steel has reduced output at its steel production sites in India and Europe due to decreased demand, and to obey the temporary regulations imposed to tackle the spread of the Covid-19 pandemic, the company said on Wednesday April 1.Norsk Hydro has decided to postpone adding 95,000 tonnes per...Read More

Kohl's has historically underperformed during the second quarter The retail sector hasn't stood a chance these past few months, and things seems to be reaching a fever pitch, especially for department stores, with many sector members trading at new annual lows today. One name right in the thick of things is Kohl's Corporation (NYSE:KSS) with the shares festering near new record lows, off 2.3% at...Read More

The S&P 500 and Nasdaq are also holding on to midday gainsThe Dow Jones Industrial Average (DJI) pared modest morning losses and is currently up over 300 points at midday. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are both joining the Dow with respectable gains despite jobless claims soaring to a record 6.6 million. Energy stocks are in focus today, afterPresident Donald Trump co...Read More

Demand for flat steel products in Turkey was weak in March because of the spread of the Covid-19 pandemic in the country, market participants told Fastmarkets on Thursday April 2.The first case of a Covid-19 infection was announced on March 11 in Turkey, and all schools were closed on March 15.Since then, several carmakers in the country have announced production stoppages.Tofas, which produced 26...Read More

The online pet supply retailer is expected to report earnings after the close this eveningOnline pet supply retailer Chewy Inc (NYSE:CHWY) has, for the most part, been breezing past every dramatic broad-market pullback caused by the coronavirus, climbing higher and even hitting an eight-month peak of $39.63 on March 30. Since then, the shares have cooled slightly, down 1.8% at $35.34 during today'...Read More

Markets are closed on Friday, but there will still be some economic data to unpackThe first full week of April will be relatively scant, with markets closed on Friday for the Easter holiday. There will be just a sprinkling of of economic data for traders to digest throughout the week, including the Job Opening and Labor Turnover Survey (JOLTS) and the Federal Open Market Committee's (FOMC) latest...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.A 6% decline in the daily average 62% Fe iron ore fines benchmark last week contributed to the lowest quarterly price rise for the first quarter in five years, in spite of clear evidence of supply-side constraints. Although there were clear demand-related obstacles to iron ore suppliers raking in more typical, seasonal price...Read More

By: Ira EpsteinGold's 18-dma at $1584 area, support. Bias in gold is up. Bollinger bands: $1717 / $1450Read More

Three analysts have moved their price targets down to $60PVH Corp (NYSE: PVH) is up 3.6% to trade at $33.82 after announcing their fourth quarter earnings yesterday. The apparel company, operating popular brands such as Calvin Klein, reported profits of $1.88 per share, higher than Wall Street's anticipated $1.81 per share. Despite the revenue also outperforming expectations, no less than three an...Read More

Technical analyst Clive Maund charts silver and explains why he is bearish in the short to medium term.Whichever way you cut it, silver's chart looks bearish for the short to medium term, but against this we must set its rapidly improving COT structure and the mega-bullish silver to gold ratio (by all past standards). Silver's 7-month chart is a rather grim picture. On it we see that key support f...Read More