Physical iron ore prices changed only slightly on Wednesday August 28, while market participants continued to wait for further news about production restrictions in China.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $82.45 per tonne, up by $0.10 per tonne.62% Fe Pilbara Blend Fines, cfr Qingdao: $82.83 per tonne, up by $0.10 per tonne.62% Fe low-alumina fines, cfr Qingdao: $81.16 per ton...Read More

The CIS export price for steel billet slipped on Wednesday August 28, following the sharp drop in ferrous scrap prices earlier this week as well as the lack of trading activity in the semi-finished steel market.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was $390 per tonne on August 28, down by $5 day on day.Most mills were offering material at around $400 per tonne fob Blac...Read More

Iranian export prices for steel billet and slab slipped in the week ended Wednesday August 28 amid a general downtrend in the global steel market as well as pressure from customers, with bids placed at lower levels on the lack of trading activity for finished steel.Iranian billet was available to foreign customers for around $375-380 per tonne fob, down from $385-387 per tonne fob a week earlier.I...Read More

China's domestic rebar market weakened for a third day on Wednesday August 28, sending prices in the eastern region to their lowest in a year-and-a-half. Domestic Eastern China (Shanghai): 3,530-3,580 yuan ($493-500) per tonne, down 20 yuan per tonneNorthern China (Beijing): 3,530-3,550 yuan per tonne, down 10 yuan per tonneSubdued demand and a continual decline in the iron ore market pushed down...Read More

Oil prices propped up the entire energy sectorStocks had a strong showing today thanks to tailwinds out of the energy and retail sectors. Oil names got a boost from a bullish crude inventories update, while the latter group was seemingly boosted by earnings win for several retailers, including Tiffany (TIF). The Dow and S&P cruised to easy wins despite more concerns around the inverted yield curve...Read More

Plus, CSIQ stock is higher after the firm secured funding for solar projectsThe U.S. stock market has flipped higher, led by a surge in energy stocks. Among individual stocks making volatile moves are Chinese names Luokung Technology Corp (NASDAQ:LKCO) and MDJM Ltd (NASDAQ:MDJH), as well as alternative energy issue Canadian Solar Inc. (NASDAQ:CSIQ). Here's a quick look at what's moving the shares...Read More

Traders could be betting on a floor for software ETF IGVDigging into today's options trading activity, two names seeing unusual volumes are the iShares Expanded Tech-Software Sector ETF (BATS:IGV) and Fitbit Inc (NYSE:FIT). Here's a breakdown of the trading on IGV and FIT. Starting with software sector exchange-traded fund (ETF) IGV, pressure from Autodesk (ADSK) has the security down 1.3% at $212...Read More

Key data from Fastmarkets' Wednesday August 28 pricing session in Europe. Key drivers  The ferro-titanium market price range widened with suppliers reporting deals done at the upper and lower end of the new price range. Suppliers reported increased buying interest, although few deals done. One major deal was reported done to a German consumer.  UK producer FE Mottram has yet to restart p...Read More

Mining stocks have outperformed lately as gold prices surgeAs fears of a global recession rumble, gold prices have soared. Looking at an internal scorecard compiled by Schaeffer's Senior Quantitative Analyst Rocky White, 76% of the 37 stocks we track under the "mining" umbrella were above their 80-day moving average heading into today. More specifically, Barrick Gold Corp (NYSE:GOLD) and Alamos G...Read More

Oil prices are on the rise after a steep drop in U.S. stockpiles The Dow Jones Industrial Average (DJI) has bounced at midday, up 110 points as gains in the energy sector overshadow recession concerns following yet another yield-curve inversion. The boost for energy stocks comes amid a spike in oil prices, with October-dated crude futures up 2.2% at $56.11 per barrel, following a hefty decline in...Read More

By: Ira EpsteinHoliday mentality. 18-DMA $1513+ and rising. $1,558 resistance area on Bollinger bands..Read More

The analyst said the stock's recent sell-off was overdoneJ.P. Morgan Securities initiated coverage on DouYu International Holdings Ltd (NASDAQ:DOYU) with an "overweight" rating and a $13 price target -- a 50% premium to last night's close at $8.64. Analyst Daniel Chen waxed optimistic over the Chinese gaming platform's position to capitalize on China's esports boom. Additionally, Chen said DOYU st...Read More

The price of steel hollow sections in the European domestic market has been reduced, with mills looking to stimulate demand by making lower offers, sources told Fastmarkets on Wednesday August 28.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?585-630 ($649-699) per tonne on Wednesday, widening downward by ?,?30 per tonne.The correspond...Read More

The S&P just wrapped up a four-week losing streakWhen I first realized that last week marked a four-week losing streak for the S&P 500 Index (SPX), it didn't strike me as that interesting. When I delved into it, though, a four-week losing streak is more uncommon than I thought. One happened earlier this year in May, but that was the first one in over four years. The chart below marks four-week S&P...Read More

In recent months, the World Gold Council released a few interesting reports. What can we learn from the publications? We’ll then supplement it with the view of the Fed policies. Will gold like the message?Gold Demand Trends Q2 2019On August 1, the WGC published a new edition of its quarterly report on gold demand. According to the organization, the supply of gold grew 6 percent (recycling ju...Read More

Plus, we zero in on two stocks with attractive short-term optionsU.S. stock markets will be closed on Monday, Sept. 2, for Labor Day. Ahead of the unofficial end to summer, we decided to take a look at the best and worst stocks to own during the shortened holiday week, historically. One equity that could jump is retailer Under Armour Inc (NYSE:UAA), while utilities concern PPL Corp (NYSE:PPL) coul...Read More

JetBlue does seem poised to bounceJetBlue Airways Corporation (NASDAQ:JBLU) is trying to bounce back after yesterday closing at its lowest point since April, last seen trading up 0.5% at $16.63. Helping JBLU's case is a bull note out of Deutsche Bank, which called the stock's recent pullback an attractive entry point. Most other analysts have a "hold" or "sell" rating on the airline name.There's p...Read More

Oil futures are up, though Dow Jones Industrial Average (DJI) futures are pointing to a sharp drop out of the gate for the blue-chip index this morning, as another yield-curve inversion stokes fears of a possible recession. Investors are nervously eyeing the yield spread between the 10-year and 2-year Treasury notes, which is near levels not seen since 2007. Plus, the 30-year note fell to a record...Read More

Foryour sake, I hope you already have some gold in your portfolio.Gold is on an amazing run. It’s up over 21% since lastAugust.Meanwhile,the S&P 500 is up a mere 0.7%, as you can see in the chart below. Whilegold has done very well in general, I’ve found one niche group ofgold stocks thatis hands down the winner in this run.I’lltell you about it in a moment. Before...Read More

Near-term option traders are more put-heavy than usual on MNSTThe shares of Monster Beverage Corp (NASDAQ:MNST) are up 1.3% to trade at $57.33 this morning, after being named a "top pick" at Credit Suisse. The brokerage firm glowed about thecompany's Reign performance energy drink, and said MNST stock's recent six-week drop makes for an attractive entry point for investors, calling the shares "c...Read More