Beyond Meat announced expanded production capability with a new facility in the NetherlandsThe shares of Beyond Meat Co (NASDAQ: BYND) are down 6.9% at $143.72 this afternoon after the meat-alternative brand announced expanded local production capabilities in Europe through its first co-manufacturing facility in the Netherlands. The facility will produce the company's signature plant-based burge...Read More
The entertainment name is expected to post its first-quarter results after the close this eveningDave & Buster's Entertainment Inc (NASDAQ:PLAY) is in hot water ahead of its first-quarter earnings report, due out after the close this evening. The stock is down 15.02% at $14.71 this afternoon, pacing for its third consecutive win. On top of that, the equity is eyeing its first close south of the te...Read More
Attention will be focused on retail sales and weekly jobs dataThe economic calendar is looking somewhat bare next week, though investors will definitely have their eyes on another weekly employment update on Thursday, as well as retail data earlier in the week -- two indicators that have helped gauge the economic environment as lockdown measures continue to ease in the U.S. Elsewhere, the Organiza...Read More
Puts are double the usual volume in the options pitsLululemon Athletica Inc (NASDAQ:LULU) is set to enter the earnings confessional after the close today, June 11, posting its fiscal first-quarter results. The stock is down 3.6% ahead of the event, despite no fewer than five price target hikes this week, including from MKM Partners to $378 from $230.Despite the dip, LULU is still up 84.3% in the...Read More
A spike in coronavirus cases is sparking a selloff in the retail and airline sectorsThe Dow Jones Industrial Average (DJI) is down over 1,000 points at midday, as retail and flight stocks plummet amid a spike in coronavirus cases. While stay-at-home staples like Zoom (ZM) and Netflix (NFLX) are getting a boost on renewed anxieties surrounding thepandemic, it's not enough to help the tech-heavy...Read More
The EU filed charges against Amazon regarding the company's treatment of third-party sellersThe European Union (EU) is filing formal antitrust charges against Amazon.com, Inc. (NASDAQ:AMZN) alleging the e-commerce giant used data from third-party sellers to launch competing private-labels, according to Wall Street Journal sources. According to another report, if AMZN is found guilty, it could b...Read More
Just Eat Takeaway is planning on buying GrubHub in an all-stock dealIt was just announced that British-based food delivery name Just Eat Takeaway (JET) agreed to buy GrubHub Inc (NYSE:GRUB) in an all-stock deal worth $7.3 billion at JET's Tuesday closing price. Just Eat Takeaway beat out Uber Technologies (UBER) which was also vying for a deal with GrubHub. Meanwhile, GrubHub sent an email to empl...Read More
The most magical place on earth will reopen Disneyland Park and Disney California Adventure on July 17The shares of Walt Disney Co (NYSE: DIS) are down 3.6% at $117.68 this morning, after the so-called "most magical place on earth" announced it will reopen Disneyland Park and Disney California Adventure on July 17, pending approval from local and state authorities. The California theme parks h...Read More
This morning, Real Vision looks at the US macro and political environment and the implications for asset prices between now and the fall. Ed Harrison interviews Darius Dale, managing director at Hedgeye, who dispassionately applies a quantitative framework to assess where stock prices are likely headed. It is a great interview because Dale is able to cut through the noise and focus on key variabl...Read More
There's been a spike in coronavirus cases in California and TexasFutures on the Dow Jones Industrial Average (DJI) are down over 800 points this morning, as Wall Street gets rocked by fears of a potential second wave of coronavirus amid a spike in cases from states such as California and Texas. Accordingto Johns Hopkins University, COVID-19 cases have crossed the 2 million mark, with over 112,000...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") responding to a marked increase in demand for retail channel connections, today announced a set of process and technology changes that facilitate more rapid retail "plug & play" connections and enhanced workflow capabilities to satisfy manufacturer demand.Built to leverage modern Machine Learning and AI tools, t...Read More
Vancouver, BC - Summa Silver Corp ("Summa Silver" or the "Company") (CSE: SSVR, Frankfurt: 48X) is pleased to announce that it has acquired a strategic group of mineral claims that are highly prospective for high-grade silver-gold mineralization and already surrounded by the Company's Hughes Property. In addition, the Company has located a series of historic high-grade underground chip samples...Read More
Gold prices have retreated again. But buying into some choice metal producers remains a good idea given the sunny outlook for bullion demand.Read full newsRead More
Here are five Fastmarkets stories you might have missed on Wednesday June 10 that are worth another look.US sanctions against Islamic Republic of Iran Shipping Lines (IRISL) and its Shanghai-based subsidiary, E-Sail Shipping Co, are unlikely to have an impact on steel freight costs, sources told Fastmarkets on June 10.Carmakers Volkswagen AG and Ford Motor Company have signed agreements that stren...Read More
Just over a year ago, US Section 232 tariffs against imports of aluminium from Canada were removed. Now there are calls to reintroduce them.The American Primary Aluminum Association (APAA), which represents US producers Century Aluminum and Magnitude 7, says that Canadian imports have "surged" since the tariffs were removed and are threatening the viability of the US primary aluminium industry.&nb...Read More
The LME three-month copper price was the standout performer at the close of trading on Wednesday June 10,achieving its highest closing price since January 23, while tin futures similarly recorded a six-month high. Copper's outright price on the London Metal Exchange closed at $5,907 per tonne on Wednesday afternoon, climbing from an intraday low of $5,776.50 per tonne, while turnover topped the ba...Read More
Here are five Fastmarkets stories you might have missed on Wednesday June 10 that are worth another look.US sanctions against Islamic Republic of Iran Shipping Lines (IRISL) and its Shanghai-based subsidiary, E-Sail Shipping Co, are unlikely to have an impact on steel freight costs, sources told Fastmarkets on June 10.Carmakers Volkswagen AG and Ford Motor Company have signed agreements that stren...Read More
Bob Moriarty ArchivesJun 11, 2020The investing climate today is far more dangerous than I have ever seen in my life. Last week American Airlines shares doubled in four days. That has never happened in history. Hertz, which just happens to be in bankruptcy, went from $.82 to $5.62 in four days. That’s pretty remarkable for a stock soon to be valued at an even ZERO.I’m going to format th...Read More
Chilean copper output rose by 2.6% year on year in April, with the country's three top producers all reporting growth despite restrictions put in place to curb the spread of the Covid-19 outbreak.The national copper commission, Cochilco, said on Tuesday June 9 that the country produced 470,600 tonnes of copper content in April, up from 458,600 tonnes in April 2019. Output was d...Read More
Bob StokesElliottWave InternationalPosted Jun 11, 2020Watching out for sentiment extremes helps you avoid getting "caught up with the crowd"Simply put, a market sentiment extreme is a situation when most everyone has already taken a bullish or bearish position in a financial asset, leaving almost no one left to buy or sell.Silver provides an excellent case study.Let's briefly go back to April 18,...Read More