Southwest Airlines is seeing ticket reservations rise againThe shares of Southwest Airlines Co (NYSE:LUV) are up 4% to trade at $28.15 today, after the company announced via press release that ticket reservations have finally legged out ticket cancellations for the month so far. And just recently, Southwest added some flights back to its network which will lead to an overall capacity decline bet...Read More

The security just came within one standard deviation of its historically bullish 80-day moving average Grocery store name Kroger Co (NYSE:KR) has been one of the steadier climbers on the charts of late, up 34.2% in the last year, and well on its way to notching its fourth consecutive monthly win. While the security has pulled back since its March 18, three-year high of $36.84, the shares found so...Read More

The Dow is down 10 points middayFollowing yesterday's best market session in six weeks, the Dow Jones Industrial Average (DJI) is just below breakeven at midday, as investors turn their attention to testimonies by U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell in regard to the pandemic and progress of the CARES Act. Mnuchin stated that the government is "fully prepa...Read More

Guggenheim downgraded CMCSA to "neutral" from "buy"The shares of Comcast Corporation (NASDAQ:CMCSA) are down 1.1% to trade at $37.68 after a downgrade from Guggenheim to "neutral" from "buy." The analyst said it sees one of Comcast's primary units, NBCUniversal, as "particularly challenged" by the lasting effects of the pandemic on its theme park, filmed entertainment, and advertising businesses....Read More

Advanced Auto Part's first-quarter earnings and revenue missed analysts' estimates Advanced Auto Parts, Inc. (NYSE:AAP) is soaring today, up 7.4% to trade at $140.79 at last check, despite reporting first-quarter earnings and revenue that were lower than Wall Street's estimates. What's instead powering the stock's rally today is the company's same-store sales estimates that markedly improved the...Read More

The blue-chip company posted earnings that missed estimates, though its revenue exceeded expectations Home Depot Inc (NYSE:HD) stock is sinking lower this morning after the home improvement retailer posted first-quarter earnings that missed analysts' estimates, after the company spent over $850 million on benefits for employees to ensure its stores and warehouses, deemed essential, were kept runni...Read More

Home Depot and Walmart reported earnings todayDow Jones Industrial Average (DJI) futures are sitting just below breakeven this morning, after the market notched its best session in six weeks yesterday on news of a possible coronavirus vaccine. Investors are weighing different post-earnings reactions from blue-chips Home Depot (HD) and Walmart (WMT), with the former dragged down by a profit miss...Read More

Stocks were on a tear in April, almost clawing back everything they lost in March.Much of that rally has been pinned on the hopes that lockdowns would be over and the coronavirus would be sorted in short order.But the more we hear from medical experts and more fundamentally, from the rising numbers ofRead full newsRead More

Here are five Fastmarkets stories you might have missed on Monday May 18 that are worth another look.The departure of the chief executive officer of Tata Steel Netherlands, Theo Henrar, will result in job losses at the company's operations in the country, trade union FNV Metaal said on May 18.How long it will take the global economy to recover from the Covid-19 pandemic is anyone's guess right now...Read More

How long it will take the global economy to recover from the Covid-19 pandemic is anyone's guess right now.Could the world's major economic regions be in for an "LUV" recovery similar to the one they saw after the global financial crisis of 2008-09?That was the format of recovery that was expected in 2009 by former Rio Tinto chief executive officer Tom Albanese, who was at the helm of the mining g...Read More

Three-month base metals prices on the London Metal Exchange rallied at the close of trading on Monday May 18, with positive risk sentiment emerging from a continued easing of Covid-19 market concerns, while copper, nickel and zinc futures all breached nearby resistance levels.Copper's outright price on the LME closed at $5,317 per tonne on Monday afternoon, climbing by more than 2.6% from an intra...Read More

The latest data for the global manganese ore market for the week ended May 18, 2020.Read More

Here are five Fastmarkets stories you might have missed on Monday May 18 that are worth another look.The departure of the chief executive officer of Tata Steel Netherlands, Theo Henrar, will result in job losses at the company's operations in the country, trade union FNV Metaal said on May 18.How long it will take the global economy to recover from the Covid-19 pandemic is anyone's guess right now...Read More

Following initial research and consultation with market participants, Fastmarkets proposes to launch a weekly price assessment for tantalum concentrate.The introduction of a price assessment for tantalite, basis 25% Ta2O5, ex-works China, will expand Fastmarkets' current price coverage of raw materials.Tantalum prices have found support in the past two months from supply tightness and concerns abo...Read More

Here are five Fastmarkets stories you might have missed on Monday May 18 that are worth another look.The departure of the chief executive officer of Tata Steel Netherlands, Theo Henrar, will result in job losses at the company's operations in the country, trade union FNV Metaal said on May 18.How long it will take the global economy to recover from the Covid-19 pandemic is anyone's guess right now...Read More

The deep-sea scrap import market in Turkey was quiet and prices stable on Monday May 18, with the country's major cities under lockdown due to the Covid-19 pandemic until Tuesday night, May 19, sources said.Overall demand for deep-sea scrap is slow because of both the pandemic and the Islamic holy month of Ramadan, when steel trade traditionally slows in Muslim countries. "Turkish steel mills are...Read More

Turkish domestic auto bundle scrap prices inched up over the past week following slightly better market demand, sources said on Monday May 18.Several steel mills in the Izmir region increased their buy prices for auto bundle scrap, while some mills have been resuming or increasing production after a break because of the Covid-19 outbreak, which also increased demand for scrap.Long steel mills IDC...Read More

While backward-looking economic data continues to show how deep the global contraction has been, markets seem focused on the recovery this morning, Monday May 18, as more economies open up and plan to reopen in the weeks ahead. The base metals on the London Metal Exchange are up across the board, all the base metals with the exception of July nickel are up on the Shanghai Futures Exchange and Asia...Read More

Cobalt hydroxide payables rose slightly late last week, with sellers receiving more inquiries, although a stand-off in negotiations saw limited spot trades concluded in the second half of the week. Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China, edged up to 62-64.5% of the standard-grade cobalt price on Friday May 15, compared with 62-64% at the midweek assessment. Some Chi...Read More

Here are five Fastmarkets stories you might have missed on Monday May 18 that are worth another look.The departure of the chief executive officer of Tata Steel Netherlands, Theo Henrar, will result in job losses at the company's operations in the country, trade union FNV Metaal said on May 18.How long it will take the global economy to recover from the Covid-19 pandemic is anyone's guess right now...Read More