According to Fed official Mary Daly, inflation will not be reaching 2% this year. Who are we to fight the Fed? However, just in case the monetary central planning agency is wrong, today we feature a high yielding dividend payer that could do relatively well in an inflationary environment. Speaking of not fighting the Fed, for the second day in a row we hear from a Real Vision guest imploring us t...Read More
In this week's Insight free newsletter, we update what insiders are telling us about whether the March 23rd lows will hold. Our insider of the week is a high-profile Canadian who has been buying a D-economy stocks. Click here to read. Read More
Universal Display is set to post its first-quarter earnings after the close this eveningSemiconductor concern and iPhone screen specialist Universal Display Corporation (NASDAQ:OLED) is gearing up for its first-quarter earnings report due out after the close this evening, with its stock up 4.6% to trade at $153.33 today. With support in place at its 20-day moving average, OLED has gradually start...Read More
The Dow is up over 330 points middayThe Dow Jones Industrial Average (DJI) is up over 330 points midday, shaking off worse-than-expected weekly jobs data. The tech-heavy Nasdaq Composite (IXIC) is also in the black in today's trading, earlier marking a notable turn positive for 2020 as well -- the first major index to do so since the pandemic sparked the broad market sell-off in March. Following...Read More
T-Mobile shared a profit beat and a surge in subscribers The shares of T-Mobile Us Inc (NASDAQ:TMUS) are up 6.3% to trade at$92 this morning, after the wireless provider reported first-quarter earnings of $1.10 per share, beating out Wall Street's estimates. Conversely, its $11.1 billion in revenue fell short of analyst's expectations. The firm added that its monthly bill paying subscriber count...Read More
T-Mobile shared a profit beat and a surge in subscribers The shares of T-Mobile Us Inc (NASDAQ:TMUS) are up 6.3% to trade at$92 this morning, after the wireless provider reported first-quarter earnings of $1.10 per share, beating out Wall Street's estimates. Conversely, its $11.1 billion in revenue fell short of analyst's expectations. The firm added that its monthly bill paying subscriber count...Read More
Applied Materials is running out of steam on the charts Chip name and Apple supplier Applied Materials, Inc. (NASDAQ:AMAT) is running out of steam on the charts lately, breaking down below its -20% year-to-date level, which coincides with its 10% year-over-year gain area. With the shares now forming a rising wedge breakdown pattern, and additional resistance emerging at their 200-day moving averag...Read More
The company reported a first-quarter earnings beatThe shares of PayPal Holdings Inc (NASDAQ:PYPL) are up 10.2% at $141.38, earlier touching a fresh record high of $143.85, after the company posted a first-quarter earningsbeat. The payments name also shared optimism for its second-quarter forecast, saying sales will increase as people start to return to work. In response, no fewer than 12 analysts...Read More
A handful of retail companies impacted by COVID-19 will announce earningsThe second week of May will be chock full of economic data to guide speculators on how the economy is faring amid the current COVID-19 crisis. A new Federal budget will be announced, weekly jobless claims will be unpacked, and the NFIB Small-Business Index will clue in on how larger corporations taking advantage of the genero...Read More
Etsy's first-quarter earnings fell below expectations, though the company said its April sales surgedEtsy Inc (NASDAQ:ETSY) last night posted first-quarter earnings of 10 cents per share, which came in lower than analyst estimates, on $228.06 million in revenue, which beat estimates. Etsy also forecast a higher-than-expected 90% surge in sales for its second quarter, adding thatits sales doubled i...Read More
Oil prices are joining in on the rally this morningDow Jones Industrial Average (DJI) futures are eyeing outsized gains this morning, seemingly ready to put yesterday's static trading in the rear view mirror. So far, Wall Street is pushing higher despite weekly jobless claims totaling 3.17 million, topping the expected 3.05 million, making it now eight straight weeks unemployment claims have surpa...Read More
Barrick Gold CEO Mark Bristow joins Squawk Box after the company reports earnings, to speak about the spike in demand for gold during the coronavirus crisis.Read full newsRead More
Barrick Gold CEO Mark Bristow joins Squawk Box after the company reports earnings, to speak about the spike in demand for gold during the coronavirus crisis.Read full newsRead More
Here are five Fastmarkets stories you might have missed on Wednesday May 6 that are worth another look.Mining operations at Anglo American's Grosvenor coal mine in Queensland, Australia, have been suspended following an incident on the afternoon of Wednesday May 6, which led to its evacuation.Stainless steel prices in China were largely unchanged in the week to May 6, with market participants in t...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday May 6.Please click...Read More
The United States nickel briquette premium dipped at the top end of the range in the week to Tuesday May 5, pushed lower by increased selling momentum at lower levels, while nickel premiums in Europe and China remained flat.?EUR? Virus-weakened demand pushed US briquettes premiums lower?EUR? China public holidays and a lack of arbitrage opportunities kept regional premiums unchanged?EUR? Lack...Read More
Here are five Fastmarkets stories you might have missed on Wednesday May 6 that are worth another look.Mining operations at Anglo American's Grosvenor coal mine in Queensland, Australia, have been suspended following an incident on the afternoon of Wednesday May 6, which led to its evacuation.Stainless steel prices in China were largely unchanged in the week to May 6, with market participants in t...Read More
Ailing silicon producer Ferroglobe will delay filing its 2019 annual report by up to six weeks as a result of the Covid-19 pandemic, the company announced last week."With the uncertainties created by the Covid-19 pandemic and potential implications for Ferroglobe's operating environment and financial results, the company continues to prepare financial scenarios for the near term, which its externa...Read More
Here are five Fastmarkets stories you might have missed on Wednesday May 6 that are worth another look.Mining operations at Anglo American's Grosvenor coal mine in Queensland, Australia, have been suspended following an incident on the afternoon of Wednesday May 6, which led to its evacuation.Stainless steel prices in China were largely unchanged in the week to May 6, with market participants in t...Read More
An overview of the minor metals markets and the reasons for their latest price moves.Read More