FedEx, General Mills, and Lennar all step into the earnings confessionalNext week will be an important one on Wall Street, especially in the wake of the coronavirus outbreak reaching pandemic status. In addition to any possible measures to combat COVID-19, the Fed will hold its two-day meeting beginning on Tuesday, and culminate in remarks from Fed Chair Jerome Powell Wednesday afternoon. On top o...Read More
Ulta Beauty will post its fourth-quarter earnings after the close tonight Ulta Beauty Inc (NASDAQ:ULTA) has been no stranger to the broadmarket selloff. The stock hit a four-year low of $190.83 earlier today, and is now down 6.30% to trade at $206.77, right ahead of its fourth-quarter earnings report, due out after the close this evening. Despite this dip, there's still plenty of bullish sentiment...Read More
Broadcom is expected to reveal its fourth-quarter report after the close tonightChip stocks have not been immune to the broad market sell-off that has sent the Dow into bear market territory earlier today. That puts the companies' earnings reports in the crosshairs, and options traders are responding in kind. For example, Apple supplier Broadcom Inc (NASDAQ:AVGO) will report fourth-quarter earnin...Read More
Rio Silver Inc. is pleased to announce that it has closed the first tranche of its non-brokered private placement for gross proceeds of $264,400.Read full newsRead More
Maxtech Ventures is pleased to announce it has closed the first tranche of its financings to begin its drill program on its Panama Lake Gold Project.Read full newsRead More
The S&P 500 Index also followed Dow into bear-market territoryAs coronavirus fears spread within the U.S. and the Trump Administration struggles to provide a tangible fiscal response, the Cboe Market Volatility Index (VIX) jumped to higher than 69.26, its highest mark since the 2008 market crash. Trading paused with yet another "circuit breaker" as well, after U.S. President Donald Trump initiated...Read More
CME Group closed its Chicago trading floor due to concerns over the spread of the coronavirus CME Group Inc (NASDAQ:CME) is down 7.16% to trade at $180.74 this morning on news that the exchange operator is planning on closing its Chicago trading floor on Friday evening, due to the spread of coronavirus, with a reopening date dependent upon further news of the pandemic. The market will remain ava...Read More
Boeing stock is plummeting on its first downgrade from JPM in yearsAs the airline sector continues to reel in the face of the spreading coronavirus, Boeing Co (NYSE:BA) is no exception. BA was last seen trading down at 14.1% at $162.36, earlier touching a nearly three-year bottom of $155.55. Boeing announced it would be halting hiring and restricting overtime and work-related travel, while also re...Read More
Today on INK Ultra Money Free, we are making the INK morning report free to everyone. Just look for the paper clip in the bottom navigation bar when playing the video. In the report, INK Research takes a look at the current US response to the COVID19 crisis and where we might be in terms of China. It also looks at a beaten down little oil stock that is making some big changes to navigate the cris...Read More
The retailer's fourth-quarter earnings and revenue reports fell well below analysts' expectationIt looks like the fun may be over for Party City Holdco (NYSE:PRTY) as it heads deeper into penny stock territory today, down 48.6% at $0.66 and earlier opened at a new record low of $0.54. This deepening spiral comes after the firm reported adjusted fourth-quarter earnings of 51 cents per share, well b...Read More
President Trump's temporary ban on travel from Europe is spooking investors this morning Today marks the second time this week that the major exchanges were stopped, after stock futures reach a "limit down" loss of over 5% before the open. Dow Jones Industrial Average (DJI) futures, once again, are pointing toward a loss of over 1,000 just one day after ending its longest bull market on record,...Read More
Tomorrow marks a year since Greatland Gold PLC (LON:GGP) signed an farm-in agreement with Newcrest Mining Ltd (ASX:NCM) for its Havieron project in Australia and CEO Gervaise Heddle says the progress that's been made has been 'amazing'.Read full newsRead More
Here are five Fastmarkets stories you might have missed on Wednesday March 11 that are worth another look.The enlargement of the quarantine zone in Italy to a nationwide reach has already started to affect steel output, with at least two long steel mills announcing production stoppages, sources told Fastmarkets on March 11.The first deal for second-quarter aluminium ingot supply to Japan has been...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday March 11.Please click...Read More
The London Metal Exchange three-month nickel price declined at the close of trading on Wednesday March 11, weakening against continued risk-aversion, while lead futures failed to hold above $1,800 per tonne. Nickel's outright price on the LME closed at $12,420 per tonne this afternoon, falling from an intraday high of $12,905 per tonne, while turnover was high with more than 9,500 lots exchanged b...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 11 that are worth another look.The enlargement of the quarantine zone in Italy to a nationwide reach has already started to affect steel output, with at least two long steel mills announcing production stoppages, sources told Fastmarkets on March 11.The first deal for second-quarter aluminium ingot supply to Japan has been...Read More
Jack ChanPosted Mar 11, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on SELL signal. Short-term signals can last for days and weeks and are more suitable for traders.Speculation on gold is at a new high, but what's more important is, a new speculative bottom is now established. That will...Read More
Chile recorded a 0.4% year-on-year increase in copper production during January, as higher output from Escondida and Collahuasi offset declines from Codelco, Anglo American Sur and BHP's Spence, according to copper commission Cochilco.The country produced 459,100 tonnes of copper content in the first month of 2020, compared with 457,100 tonnes a year earlier, the commission said on Tuesday March 1...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 11 that are worth another look.The enlargement of the quarantine zone in Italy to a nationwide reach has already started to affect steel output, with at least two long steel mills announcing production stoppages, sources told Fastmarkets on March 11.The first deal for second-quarter aluminium ingot supply to Japan has been...Read More
An overview of the minor metals markets and the reasons behind the latest price moves.Read More