A regional bank gave a dreary outlook for an important figureU.S. stocks have spent the day in positive territory thanks to strong earnings. Three names making the biggest moves are regional bank Zions Bancorporation (NASDAQ:ZION), paint seller Sherwin-Williams Co (NYSE:SHW), and vehicle maker Polaris Industries Inc. (NYSE:PII). Here's a look at the shares of ZION, SHW, and PII. Outlook Scares ZIO...Read More

The social media stock is expected to report second-quarter earnings after the close todaySocial media name Snap Inc (NYSE:SNAP) is on the rise today, up 3.2% at $14.62, just ahead of its second-quarter earnings report, slated for release after the close tonight. This positive price action comes courtesy of a bullish analyst note, as Stifel this morning upgraded SNAP stock to "buy" from "hold," an...Read More

Three names expected to make large swings post-earningsThree companies reporting earnings after the close tomorrow, July 24, are chipmaker Xilinx, Inc. (NASDAQ:XLNX), application delivery specialist F5 Networks, Inc. (NASDAQ:FFIV), and software stock Citrix Systems, Inc (NASDAQ:CTXS). There's notable data to discuss out of the options pits for all three, so let's take a closer look at the shares o...Read More

Existing home sales fell by 1.7% in JuneThe Dow Jones Industrial Average (DJI) is enjoying solid gains today, thanks to a strong earnings reaction for blue chip Coca-Cola (KO). News that Apple (AAPL) is buying Intel's (INTC) modem business is also creating tailwinds for the Dow. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) arehigher, too, on a post-earnings pop for toy stock Hasbro (H...Read More

The principal flat steel suppliers to Russia's Central Federal District around Moscow have increased their prices on seasonally good demand, sources told Fastmarkets on Monday July 22.Fastmarkets' weekly price assessment for steel hot-rolled sheet, domestic, cpt Moscow, Russia, was 44,500-45,000 roubles ($706-714) per tonne on July 22, including 20% VAT. This was up from 43,000-44,500 roubles per...Read More

Tin's three-month price on the London Metal Exchange fell by some 2% at the close of trading on Tuesday July 23, slipping to a fresh low of $17,555 per tonne over the day's trading - the lowest level since 2016 - while copper futures failed to close above the nearby $6,000-per-tonne resistance level. Turnover was moderately light across the day's trading, with copper's 11,700 lots leading the comp...Read More

Expected interest rate cuts by all the central banks is supporting gold at the moment. European central bank is expected to cut interest rates in September. Trade war theme is still there. In short, all the factors are bullish for gold. Investment demand is on the rise with passing of each week. Economic growth news will be the key. Measures (other than interest rate or different forms of quan...Read More

Rising freight rates offset the benefit of a 3.5% increase in chrome ore prices in terms of producer sales in the week to Friday July 19, market sources told Fastmarkets. Chrome ore prices jumped on Friday amid rising nickel prices and stronger sentiment around the stainless steel market. Fastmarkets' chrome ore South Africa UG2 concentrates index basis 42%, cif China, rose by $5 per tonne, o...Read More

The silver market is on the upswing but consolidation could be in the offing, according technical analyst Clive Maund. Some weeks back we had correctly surmised that gold's gathering strength would rub off on silver and cause it to start catching up, so we bought a range of silver ETFs and stocks, a move which has paid off well as they have spiked quite dramatically in the recent past.Starting wit...Read More

German steelmaker ThyssenKrupp approved investment funds to build a new chromium coating line for packaging steel at its Rasselstein site in Andernach, western Germany, it said late in the week ending on July 19.The new coating line will be a replacement for the current line, following a change in European Union (EU) regulations. ThyssenKrupp declined to provide the value of the investment but sai...Read More

HUI Gold Bugs index is up +40% since the end of May.Centerra Gold is a low-cost producer with a strong balance sheet.Risk factors that weighed on the stock are vanishing. August Comex gold (GLD) hit a new high last week at $1,454. Below is a chart of the HUI gold bugs index. The index has crossed the 200-day MA and heading toward a break out that I show with the red line. So far this summer rally...Read More

Here are five Fastmarkets MB stories you might have missed on Tuesday July 23 that are worth another look.Russian producer UC Rusal has completed the installation of a new aluminium smelter with capacity for 120,000 tonnes per year at its Boguchansky plant at Krasnoyarsk in Russia, it said on Tuesday July 23. Rising freight rates offset the benefit of a 3.5% increase in chrome ore prices ...Read More

In the last one hundred years there havebeen some great silver rallies. Some have been greater than others though.The economic conditions underlying thedifferent silver rallies were not all the same. Obviously those that occurredduring conditions most conducive to silver rallies were the great performers.The coming silver rally could be thegreatest especially since it potentially has most conditio...Read More

It was a huge week for the gold stocks. GDXgained nearly 7% while GDXJ surged over 10%. Gold hit $1450/oz after Thursday beforeselling off Friday. Silver met the same fate on Friday but managed to close theweek up over 6% and at a new 52-week high. Let’s take a look at the current technicals.Gold closed the week just below $1427/oz. If itremains above $1420-$1425, then it is likely to trend...Read More

Short-term options are pricing in low volatility expectations right nowImmunomedics, Inc. (NASDAQ:IMMU) stock topped out at an annual high of $26.99 on Sept. 4, before sliding to a 13-month low of $11.55 by mid-January. A rebound attempt was quickly rejected by the drug stock's 160-day moving average, with IMMU falling all the way back near their January bottom by early June. A bounce off here has...Read More

The retailer just pulled back to a historically bullish signal on the chartsThe shares of Target Corporation (NYSE:TGT) have come a long way since last April's huge bear gap and subsequent three-month bottom just atop $70 -- up roughly 25% off their low to trade at $87.21. And while the stock has found its footing atop support at the 30-day moving average, the $89-$90 region has put a stiff lid on...Read More

Hasbro reported second-quarter earnings and revenue that exceeded expectations Toy name Hasbro Inc (NASDAQ:HAS) is popping in early trading after reporting second-quarter earnings and revenue that topped analysts' expectations. The firm cited a huge demand for Disney's "Avengers: Endgame" toys, with revenue from partner brands rising 3% during the second quarter. In the earnings call, executives a...Read More

Analysts remain skeptical of the beverage giant, thoughA big earnings winner this morning is The Coca-Cola Co (NYSE:KO), up 4.9% to trade at $53.71, and earlier tapped a new record high of $53.71. The beverage giant reported second-quarter adjusted earnings of 63 cents per share on $10 billion in revenue, both topping analyst expectations of 61 cents and $9.9 billion, respectively. Coca-Cola als...Read More

SPOT options traders are heavily call-skewedSpotify Technology SA (NYSE:SPOT) just received a bullish note from brokerage firm Macquarie. Analysts there began coverage with an "outperform" rating and $200 price, well above Monday's close of $146.76. The note suggested SPOT shares are undervalued and the streaming music company has been underestimated by Wall Street. While most analysts covering Sp...Read More

Conagra stock has struggled on the charts over the past yearPackaged foods name Conagra Brands Inc (NYSE:CAG) has struggled to grasp a positive footing on the charts. The security has shed 20% over the past 12 months, and is trading near its pre-earnings gap close from late June, as well as its 2013 highs. In other words, now looks like the perfect time to buy puts. More than 8,400 July 28 puts ex...Read More