The Dow erased a triple-digit drop, with help from Home Depot stockThe Dow Jones Industrial Average (DJI) has muscled atop breakeven today, erasing a triple-digit deficit, with Home Depot (HD) stock up more than 4% after earnings. However, Treasury yields have dippedas recession anxieties begin to bubble up again, sending bank stocks lower. Wall Street is also anticipating the Fed's meeting minute...Read More

J.P. Morgan Securities upgraded the stock to "overweight"Shares of plant-based burger maker Beyond Meat Inc (NASDAQ:BYND) are higher this morning, thanks to some upbeat analyst attention from J.P. Morgan Securities. The brokerage firm upgraded BYND stock to "overweight" from "neutral," and lifted its price target by $1 to $189. What's more, BYND call options are on fire today.Specifically, J.P. Mo...Read More

AAPL shares are higher as Apple TV+ buzz swirlsApple Inc. (NASDAQ:AAPL) stock is trading up 0.4% at $211.25, as buzz swirls over the tech giant's new streaming service, Apple TV+. Specifically, Bloomberg reported the subscription service will launch in November -- a month also expected to see the premier of Walt Disney's (DIS) Disney+ -- for $9.99 per month. Additionally, Apple could be committing...Read More

SRPT options volume is running at 10 times the average intraday pace this morningSarepta Therapeutics Inc (NASDAQ:SRPT) is near the bottom of the Nasdaq this morning, down 16.5% to trade at $100.52. Last night, the Food and Drug Administration (FDA) declined to approve the company's golodirsen injection for the treatment of Duchenne muscular dystrophy (DMD), citing risk of infection and kidney to...Read More

Calls have remained popular on HPQ, howeverTech stock HP Inc (NYSE:HPQ) and retailer Foot Locker, Inc. (NYSE:FL) will both be in the earnings spotlight later this week, and both names received downbeat analyst attention this morning. As such, let's take a look at the shares of HPQ and FL to see how Wall Street is approaching each companies' upcoming quarterly report. Citigroup downgraded its opini...Read More

The retailer posted second-quarter per-share earnings above estimates, though Department store issue Kohl's Corporation (NYSE:KSS) stepped into the earnings ring this morning, with second-quarter earnings of $1.55 per share, which beat out analysts' estimates. However, the retailer reported quarterly revenue and comparable-store sales below expectations, citing unseasonably chilly and wet weather....Read More

Stock futures are quiet following a volatile stretch Dow Jones Industrial Average (DJI) futures are trading cautiously above fair this morning, following a volatile stretch for the blue-chip index that saw six triple-digit closes in the last eight days. Yesterday's U.S.-China trade optimism has dimmed, and instead investors are digesting a mixed quarterly report from trade-sensitive Home Depot (HD...Read More

Traders last week loaded up on out-of-the-money SPY puts, sending premiums soaringWith the major U.S. equity benchmarks already down more than 3% halfway into the month of August, you don't have to look too far to find signs of panic in this stock market. Witness, for example, the Cboe Volatility Index (VIX), commonly known as the market's "fear index," jumping above the 24 level twice in the past...Read More

David Haggith Let me help remove the rose-colored glasses for anyone who still thinks GDP this year is good. First, GDP growth in the first quarter was not "great" as I've heard some claiming. It was, by US historical standards, mediocre. Second, the biggest tax cuts in history only got us down to 2.9% GDP growth for 2018. GDP growth had been pegged originally around 3.1%, but that was revised...Read More

- Clint SiegnerThe world has truly entered uncharted waters with negative interest rates spreading so far and wide. Frank Holmes, CEO of US Global Investors, recently noted that a whopping 25% of all bonds sold globally now carry a negative yield. "Investors" are even buying some "junk" rated bonds which will repay the bearer less than purchase price upon maturity. Now European banks, who ha...Read More

By: Ira EpsteinGold in a drift. Long-term, nothing bearish. The miners are different..Read More

Aug. 16th, 2019(S14-E709)Featured GuestsGerald Celente &Bill MurphyNote: Guest order via seniority.Please Listen HereInterview RecapBill Murphy of GATA.org returns with GATA.org's latest report on the stunning 3 month PMs rally.Once silver breaches $21 is breached, the next leg could send silver sky-high.The cost of living relative to typical domestic income per capita has increased sharply.T...Read More

A summary of base metals premiums from across the globe for the week to Tuesday August 20. Please click...Read More

* Investors await Fed minutes on Wednesday, cenbanks' summit * Silver up 1% to trade above $17; Palladium hits 2-wk high * Spot gold may test support at $1,483 per ounce - techs * GRAPHIC-2019 asset returns: (Updates prices)By Brijesh PatelAug 20 (Reuters) - Gold rose back above $1,500 an ounce onTuesday, rebounding from the previous day's sharp losses asinvestors switched focus to the minutes of...Read More

The three-month nickel price on the London Metal Exchange continued to fall on Tuesday August 20, ending the day down by 0.3% at the afternoon kerb to $15,860 per tonne, compared with Monday's close at $15,920 per tonne.The LME's nickel inventory volumes stayed flat during the day's trading. The September/three-month spread was in a backwardation of $40 per tonne and the cash/three-month spread in...Read More

Demand for deep-sea scrap in Turkey remained sluggish because of the weak markets for finished long steel and billet, sources said on Tuesday August 20.There were only a few mills in the market looking to book scrap this week, while many other mills were quiet, and had halted or cut production, the sources said."I heard that three steel mills were looking for deep-sea material today," a Turkish mi...Read More

The CIS export billet market has remained quiet since the end of a religious holiday in the Middle East, Africa and Asia, with the lack of activity being blamed on a growing gap between bids and offers.CIS producers continued to insist on $410-415 per tonne fob Black Sea for September-rolling material in the week ended Tuesday August 20, while bids were heard at $400 per tonne fob and lower.One Ru...Read More

Here are five Fastmarkets MB stories you might have missed on Tuesday August 20 that are worth another look.Cobalt prices have risen by more than 25% since Glencore announced it would close its Mutanda mine and - in doing so - brought forward expectations of a shortfall in cobalt supply.Namibia-based tin mining company Afritin Mining has begun mining in the Erongo district of Namibia, producing it...Read More

The yellow metal always makes headlines whether it's price go up, down or remain stagnant. And it's clear that the price of gold is volatile. So, should you add gold to your portfolio? "I like gold as a part of a portfolio, but it should be a percentage of the portfolio," said Tony Drake, CEO at Drake and Associates in our Ask the Expert series. "But like anything else who want to...Read More

Cobalt prices have risen by more than 25% since Glencore announced it would close its Mutanda mine and in doing so bring forward expectations of a shortfall in cobalt supply. But with other projects ramping up or in the pipeline, stockpiles to be worked through, and a short-term approach to raw materials procurement, Chinese battery-related buyers are skeptical they will be affected by tightness i...Read More