Some last-minute traders are betting on more upside for TWTR with monthlies Though the reasons are not quite clear, social media giant Twitter Inc's (NYSE:TWTR) options pits are buzzing with bulls today. So far, 93,000 calls have crossed the tape -- more than two times the intraday average -- compared to 15,000 puts. Positions are being opened at the May 29.50 call, which expires later today, as w...Read More

The Dow is down over 160 points middayAll three indexes are eyeing their worst week since late March, as the Dow Jones Industrial Average (DJI) falls over 160 points midday on the heels of increasing tensions between the U.S. and China. The S&P 500 Index (SPX) and Nasdaq Composite (ICIX) have also been pushed into the red, as investors digest the worst monthly retail sales decline on record, a 16...Read More

Today is a busy day at INK. At the close we are rebalancing the 50-stock INK Canadian Insider (CIN) Index. Over the past week we have been highlighting some of the new entrants and in the Friday morning report we highlighted newcomer Mullen Group ( MTL). There is obviously a lot of uncertainty about the economy's path due to COVID-19. However, there is some hope emerging among biotech stocks that...Read More

Stifel downgraded SE to "hold" from "buy"The shares of Sea Ltd (NYSE:SE) are down 1.6% at $60.52 at last check, after the software company was downgraded to "hold" from "buy at Stifel. Although the brokerage upped its price target to $62 from $55, the analyst in coverage is positive on the growth of Shopee, the company's e-commerce platform in Asia, and adjusted to "hold" as the stock is "appropri...Read More

Yum! stock just received an upgrade to "buy" from StifelThe shares of Yum! Brands, Inc. (NYSE:YUM) are down 0.9% to trade at $82.51, after the fast food corporation's board of directors declared a quarterly dividend of 47 cents per share of common stock, which represents a $1.88 dividend on an annualized basis with a yield of 2.3%. The dividend is set to be distributed to shareholders on June 12...Read More

VF Corp's fiscal fourth-quarter earnings and revenue both missed analysts' estimates Apparel name VF Corp (NYSE:VFC) just announced its fiscal fourth-quarter results, with earnings and revenue coming in below analysts forecasts. The North Face parent also forecast a more than 50% drop in revenue for its current quarter, with pandemic-related store closures digging into sales, and did not provide a...Read More

U.S.-China trade tensions are flaring up again tooYesterday's huge comeback is already in the rear-view mirror, with Dow Jones Industrial Average (DJI) futures pointed sharply lower this morning after retail sales plunged to a new record-low of 16.4%, handily worse than the estimated 12.3% drop. Futures on the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also set to open below fair va...Read More

In this week's free Insights newsletter, we highlight a cryptocurrency stock that has been moving up the INK Edge charts. The move comes just as we have launched realtime digital currency quotes on Canadian Insider. Charts and live crypto quotesWe also have a special offer that will help you track the latest trends in Bitcoin and other asset classes as we move through these tricky COVID-19 times...Read More

As I posted in INK Chat earlier this month, we are providing links to Coinberry, a Toronto-based digital currency platform. For those that have the risk tolerances to use a crypto trading platform, they may want to consider Coinberry.Founded in 2017, Coinberry is a financial technology company focused on blockchain and digital currency solutions and provides a platform to buy and sell digital ass...Read More

Here are five Fastmarkets stories you might have missed on Thursday May 14 that are worth another look.ArcelorMittal Kryvyi Rih, Ukraine's major long steel producer, has decommissioned the first section of its blooming plant as a part of a strategy for sustainable development, the company said on May 14.The European Commission's (EC) prior surveillance of imports of certain aluminium products orig...Read More

The three-month price of lead on the London Metal Exchange was higher at the close of trading on Thursday May 14, with buying momentum pushing the metal's outright price above the $1,600 per tonne threshold, while the LME nickel price held above $12,000 per tonne despite a 1.4% downturn over the afternoon.Lead's underlying price on the LME closed at $1,619 per tonne on Thursday afternoon, climbing...Read More

Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama edged down 0.4% month on month at the end of March 2020, according to data released by major Japanese trading house Marubeni Corp.Total aluminium stocks at the three ports totaled 297,100 tonnes on March 31, down by 1,300 tonnes or 0.4% from the end of January, figures released on Friday April 3 showed. T...Read More

Here are five Fastmarkets stories you might have missed on Thursday May 14 that are worth another look.ArcelorMittal Kryvyi Rih, Ukraine's major long steel producer, has decommissioned the first section of its blooming plant as a part of a strategy for sustainable development, the company said on May 14.The European Commission's (EC) prior surveillance of imports of certain aluminium products orig...Read More

Daye Nonferrous has maintained its mission to construct a brand new copper smelting facility despite the uncertain outlook for commodity demand and price volatility, Fastmarkets understands.The Hubei-based company officially started the construction of a 400,000 tonne-per-year 'double flash' copper smelter on Tuesday May 12.A ceremony was held on the day, joined by representatives of its parent co...Read More

Newmont is to begin ramping up operations at its Pe??asquito lead-zinc-silver mine in Mexico on Monday May 18 following the government's designation of mining as an essential activity. The start-up of Pe??asquito is expected to take roughly two weeks to reach stable production levels, the Colorado, United States-based producer said. "As we begin to ramp up, Newmont will provide an update on the co...Read More

Here are five Fastmarkets stories you might have missed on Thursday May 14 that are worth another look.ArcelorMittal Kryvyi Rih, Ukraine's major long steel producer, has decommissioned the first section of its blooming plant as a part of a strategy for sustainable development, the company said on May 14.The European Commission's (EC) prior surveillance of imports of certain aluminium products orig...Read More

Cobalt metal prices in China continued to rise during the first half this week following strength in local cobalt futures, which are partially being supported by an upturn in the cobalt sulfate market and fresh buying interest from investors.Fastmarkets' price assessment for cobalt 99.8% Co min, ex-works China was 240,000-250,000 yuan ($33,839-35,249) per tonne on Wednesday May 13, up by 5,000 yua...Read More

The Turkish steel mills have continued to book deep-sea scrap cargoes for June shipments at largely steady prices, sources said on Thursday May 14.A steel mill in northern Turkey booked a Baltic Sea cargo, comprising 8,000 tonnes of HMS 1&2 (80:20) at $250 per tonne, 13,000 tonnes of shredded at $255 per tonne and 5,000 tonnes of bonus at $260 per tonne cfr, late on May 13.Following the news of th...Read More

The United Arab Emirates Ministry of Economy has announced a ban on exports of ferrous scrap for a period of four months starting on Friday May 15, 2020. The ban affects scrap under HS codes 720410, 720421, 720429, 720430, 720441, 720449 and 720450. The ministry did not give an official reason for implementing the export ban. But market participants in the UAE told Fastmarkets the decision was tak...Read More

Offer prices for bulk ferrous scrap cargoes to Bangladesh have increased over the past week after higher prices were paid elsewhere in Asia, but several buyers remained out of the market, sources told Fastmarkets on Thursday May 14.After hectic activity in March and April, the Bangladeshi import market for bulk cargoes has cooled significantly so far in May, with high scrap inventories in the coun...Read More