Iran headwinds led to selling late in the week, howeverIt was an up-and-down holiday-shortened first week of 2020 for U.S. stocks. While the major indexes managed to hit fresh record highs in the first day of trading in the new year, selling ramped up on Friday after the U.S. launched airstrikes in Iran. All the same, the Dow Jones Industrial Average (DJI), the S&P 500 Index (SPX), and Nasdaq Comp...Read More
Plus, 24 other stocks that tend to struggle in Q1Earlier this week we covered the best stocks to own in the first quarter of 2020. For every yin there's a yang, so we decided to also break down 25 stocks to steer clear from this quarter. Surprisingly, FAANG name Alphabet Inc (NASDAQ:GOOGL) popped up on the list, despite heading into 2020 with a 33% year-over-year gain.Data from Schaeffer's Senior...Read More
Wall Street is also watching heightened tensions between the U.S. and IranThe Dow Jones Industrial Average (DJI) is down more than 240 points at midday, as Wall Street weighs news a U.S. airstrike had killed top Iranian military commander, Qassem Soleimani. Iran's promise of "harsh retaliation" in response to the attack is only stoking the bearish flames, while traders are also digesting weak fact...Read More
Tesla has tacked on almost 50% over the past 12 monthsBuzz around Tesla Inc (NASDAQ:TSLA) continues to swirl this morning, with the electric-car maker drawing headlines on news it will reduce the starting price of its Model 3 sedans made in its Shanghai factory by 16%. The cut in price comes after the company received electric-vehicle subsidies from China. Also triggering this morning's surge are...Read More
Both AAL and DAL options can be had for a bargain right nowOil prices are skyrocketing amid escalating tensions between the U.S and Iran. Travel stocks -- and more specifically, airline stocks -- are thusexposed to both surging oil prices and geopolitical tensions. This has American Airlines Group Inc (NASDAQ:AAL) and Delta Air Lines, Inc. (NYSE:DAL) both swimming in red ink this morning, and op...Read More
HUM stock rallied into 2020Humana Inc (NYSE:HUM) shares were a beneficiary of the year-end rally to 2019, as the stock has jumped sharply since its October lows near $250 to Thursday's settlement of $363.24. Analysts at J.P. Morgan Securities are expecting more upside, too, this morning raising the firm's price target on HUM to $448 from $437. As a result, the security is basically flat out of the...Read More
The Dow is set for a triple-digit decline at the openDow Jones Industrial Average (DJI) futures are signaling a negative start to the session, as caution sets in following the U.S. airstrikes in Iran that killed top military leader Gen. Qasem Soleimani. Oil prices, on the other hand, are on the rise; February crude futures are up 3.5% to $63.34 per barrel, with major energy stocks set to outperfor...Read More
"Shifting Shares: The Private Investor's Guide to Reading RNSsRevisit Michael Taylor's (@shiftingshares) excellent guide - first published on our sister site @ValueTheMarkets https://t.co/20pdLbeIPk"Read full newsRead More
(Updates with closing prices) By Peter Hobson LONDON, Jan 3 (Reuters) - Copper and most other industrialmetals fell on Friday as the killing of a top Iranian commanderby the United States sent shockwaves through markets, pushingoil prices sharply higher.Investors rushed to safe-haven assets such as gold and stockmarkets fell as Iran said it would seek revenge. Benchmark copper on the London Metal...Read More
With political tensions heating up again in the Middle East, the oil price is likely to find a bit more support as stockpiles are increased around the world just in case something goes really wrong. A firmer oil price would help to firm up inflation expectations which could have big implications for stocks. In my New Year's Eve interview with Jim Goddard at HoweStreet.com, I explain my view that...Read More
"$RECN - Resources Connection, Inc. (RECN) CEO Kate Duchene on Q2 2020 Results - Earnings Call Transcript. Continue reading: https://t.co/Mib94ploSP #business #investing #stockmarket"Read full newsRead More
"$MSFT - How Microsoft Won The Pentagon Contract And Why It Matters. Subscribe to Seeking Alpha for more: https://t.co/wE20RHCOCO #economy #investing #business"Read full newsRead More
"What To Expect From December's Jobs Report: It May Be Weak But It Won't Matter. Get more updates here: https://t.co/k5HJoGAFT2 #stocks #finance #stockmarket"Read full newsRead More
"$GGT - Gabelli Multimedia Trust: This 5.125% Preferred Stock IPO Is The Last One For 2019. Continue reading: https://t.co/mr3Zp5N991 #stockmarket #markets #stocks"Read full newsRead More
The three-month price of zinc on the London Metal Exchange had made the greatest gains at the close of trading on Thursday January 2, with the price breaching nearby resistance levels, but copper futures failed to close above the $6,200 per tonne threshold despite an afternoon spike.Zinc's outright price closed at $2,310 per tonne in the afternoon, the highest close since December 27, while tradin...Read More
The majority of Chinese annual blister copper supply contracts for 2020 have settled at significantly lower refining charges (RC) on expected tight supply of the intermediate product. The bulk of 2020 blister copper 98-99% annual benchmark RC cif China supply contracts have been agreed at $125-133 per tonne. The range compares with $155-175 per tonne for 2019. In late November last year, init...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Thursday January 2.Please click...Read More
The majority of Chinese annual blister copper supply contracts for 2020 have settled at significantly lower refining charges (RC) on expected tight supply of the intermediate product. The bulk of 2020 blister copper 98-99% annual benchmark RC cif China supply contracts have been agreed at $125-133 per tonne. The range compares with $155-175 per tonne for 2019. In late November last year, init...Read More
Gerald has appointed Patricia Nikolopoulos as its new chief financial officer and to its board of directors, the company said on Monday December 30. Nikolopoulos, who was formerly CFO of Gerald's North America business, is formally replacing Vittorio Conti who left...Read More
The Chinese city of Ganzhou has launched an exchange for physical trading of rare earths and other minor metals. The Ganzhou Rare Metal Exchange was launched on December 31, 2019, according to the Association of China Rare Earth Industry. The Ganzhou exchange will trade cobalt, rare...Read More