WWE has reclaimed its year-to-date breakeven levelThe shares of World Wrestling Entertainment, Inc. (NYSE:WWE) are up 3% in early trading at $76.99, after receiving an upgrade from Benchmark to "buy" from "hold." The analyst in coverage waxed optimistic about the re-launch of "Raw" and "Smackdown," as well as engagement metrics and a pullback in the shares that "created an opportunistic entry poi...Read More
By: Avi GilburtLast weekend, the important point of note was that silver had basically run out of room. It had a series of 1's and 2's set up for it to "melt up," but it had to do so rather soon. Well, this past week, I would say that silver finally followed through and it took it directly to the level at which I noted on the chart was our next major resistance level. In fact, we were almost...Read More
Analysts have been quick raise Starbucks stock price targets after earningsCoffee giant Starbucks Corporation (NASDAQ:SBUX) is surging this morning, up 5.8% at $96.26 -- a fresh off a record high of $96.63 right out of the gate. Sending the shares higher is the company's fiscal third-quarter earnings beat, which was also accompanied by its largest increase in same-store sales in three years.The b...Read More
Last weekend, the important point of note was that silver had basically run out of room.It had a series of 1’s and 2’s set up for it to “melt up,” but it had to do so rather soon.Well, this past week, I would say that silver finally followed through and it took it directly to the level at which I noted on the chart was our next major resistance level. In fact, we were almos...Read More
Alphabet reported a quarterly earnings beat, while Apple and Intel struck a deal Dow Jones Industrial Average (DJI) futures are pointed cautiously higher this morning, on pace to recoup some of Thursday's earnings-related losses as traders weigh the latest round of corporate earnings and gross domestic product data (GDP). FAANG stocks are in the spotlight today, as Google parent Alphabet (GOOGL)...Read More
The round-number $40 mark has been targeted by TWTR options traders recentlyTwitter Inc (NYSE:TWTR) stock is trading up 6% in electronic trading, after the social media name reported an 18% rise in second-quarter revenue to $841 million -- more than anticipated -- as monetizable daily active usage (mDAU) arrived at a stronger-than-expected 139 million. Additionally, total ad revenue jumped 21%, an...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
It’s not true that yesterday’s session in precious metals was uneventful. While gold and mining stocks didn’t do much, silver moved a bit above its previous high, closing at a fresh 2019 high. Sounds pretty remarkable, doesn’t it? In today’s analysis, we’ll put silver’s breakout into proper perspective and examine if the white metal has much more room to r...Read More
I have always secretly wanted to work at aprecious metals bullion dealer. I love gold. And silver and platinum. I lovethem philosophically, and I also just like shiny rocks.But if you think about it,trading metals is a really weird business.Say you are bullish on silver and want tospeculate on it, thinking it will appreciate in price. You can buy the ETF,yes, or you can buy silver miners, but...Read More
The headwinds created by political uncertainties, on-and-off trade negotiations and the enactment of tariffs hurt mergers and acquisitions (M&A) activity in the metals sector during the second quarter of this year, according to a quarterly report by consultancy group PwC. While overall deal volume remained relatively consistent with the trailing 12-month average, overall disclosed deal volume decl...Read More
Turkey produced 16.994 million tonnes of crude steel in January-June 2019, down 10.14% on the 18.912 million tonnes produced in the first six months of 2018.According to the Turkish Steel Producers Association (T???oeD), the fall in output was largely due to the negative sentiment that has been dominating Turkey's domestic steel market since August 2018 when the country's lira lost significan...Read More
German steelmaker ThyssenKrupp approved investment funds to build a 230,000 tonne per year 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, with production capacity remaining approximately...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 311,88160,63156,198175,785463,624543,864580,453 Change from Prior Reporting Period 2,346-3,4037,764010,43110,11014,792 Traders 22064915963316189 Small Speculators LongShortOpen Interest 72,99536,406616,859 4,84916714,959 non reportable positionsChange fro...Read More
Dear Friend of GATA and Gold:Today the European Central Bank announced the expiration without replacement of the latest central bank gold agreement. The ECB's announcement is appended.What does it mean?The announcement attributes the decision to let the agreement expire to the gold market's having become "mature," but how did the gold market suddenly "mature" when, upon the signing of the first...Read More
Daniel R. Amerman If there is a recession in the next one to two years, there is also likely to be another bear market for stocks. Based on their experience over their lifetimes, many investors are expecting a "normal" bear market in that event, perhaps in the 20% to 25% range in terms of losses.However, we are not in normal times, and we have seen a fundamental change in stock valuations over...Read More
Gary ChristensonIndividuals dream about winning the lottery, stock market profits, reducing debt, earning more income, attractive sex partners, and tasty food. But our dreams can turn into nightmares filled with inflation ghosts and monsters.The derivative monster is a destroyer. Deutsche Bank stock closed at $6.76 on June 7, 2019, down from over $100 in 2007. A repeat of 2007 is possible. Price...Read More
By: Avi GilburtLast weekend, the important point of note was that silver had basically run out of room. It had a series of 1's and 2's set up for it to "melt up," but it had to do so rather soon. Well, this past week, I would say that silver finally followed through and it took it directly to the level at which I noted on the chart was our next major resistance level. In fact, we were almost...Read More
Indian mills were looking for a steep cut in domestic prices for hot-rolled coil (HRC) in August in an attempt to boost sales, Fastmarkets heard on Friday July 26.According to an official from a private-sector steel mill, the price reduction in HRC for sales in August could be in the range of 1,000-1,500 rupees ($14-22) per tonne."Domestic demand for HRC is very weak," the official said, "and a pr...Read More
Export prices for pig iron from the south of Brazil have increased on new deals reported during the week ended Friday July 26.Fastmarkets' weekly price assessment for pig iron, export, fob Vitorio/Rio, Brazil, was up by $5 per tonne to $320-325 per tonne fob on Friday.One sale of 40,000 tonnes of high-phosphorus pig iron was heard to Turkey at $320 per tonne fob for September shipment.Another carg...Read More