Cree is expected to report earnings after the close tonight Semiconductor concern Cree, Inc. (NASDAQ:CREE) is part of the sector-wide slide happening today, after several chip stocks posted disappointing quarterly reports. At last check, CREE was down 0.9% to trade at $51.85, after running into a recent ceiling at the 200-day moving average earlier today. This comes just ahead of its own quarterly...Read More
MGM is typically one of the worst performers in FebruaryCasino stocks have taken a hit recently, as the coronavirus outbreak disrupts Macau's gambling operations. While MGM Resorts International (NYSE:MGM) is up 1.9% to trade at $31.56 today, things won't get easier for the casino stock in February. That's because MGM showed up on a list of the worst S&P 500 stocks to own in February over the pa...Read More
Apple and Boeing are continuing to prop up the Dow midday, as the former snaps up a brand-new highThe Dow Jones Industrial Average (DJI) is holding steady on its morning gains, with a more than 100-point pop at the midway mark, as blue chips Apple (AAPL) and Boeing (BA) continue to prop up the index, with the iPhone manufacturer hitting an all-time high. Meanwhile, the S&P 500 Index (SPX) and th...Read More
AMD was overdue for bull notes anywayChip name Advanced Micro Devices, Inc. (NASDAQ:AMD) took its turn in the earnings confessional this morning, and the results were all over the place. The company reported adjusted fourth-quarter earnings of 32 cents per share on $2.13 billion in revenue, both of which topped analyst estimates. However, AMD's revenue forecast for the first quarter came in well...Read More
AMD was overdue for bull notes anywayChip name Advanced Micro Devices, Inc. (NASDAQ:AMD) took its turn in the earnings confessional this morning, and the results were all over the place. The company reported adjusted fourth-quarter earnings of 32 cents per share on $2.13 billion in revenue, both of which topped analyst estimates. However, AMD's revenue forecast for the first quarter came in well...Read More
From the many hundreds of listed small cap explorers, barely a handful will become long-term success stories. But pick the right one as an investor and gains can be monumental. Like mid-tier gold miner Northern Star (ASX:NST), which has grown from a $5m market cap wannabe to $9 billion mid-tier gold miner. That's a gain ...Read full newsRead More
Amazon stock recently pulled back to its 50-day trendlineFAANG name Amazon.com, Inc. (NASDAQ:AMZN) is up 0.6% this morning at $1,863.38 after receiving a double dose of price-target hikes out of BMO and Deutsche Bank. The brokerage firms raised to $2,150 and $2,275, respectively, the latter of which represents a nearly 23% upside to last night's close of $1,853.25. This bullish sentiment is the no...Read More
A Wall Street Journal report said L Brands' CEO is considering a full or partial sale of its Victoria's Secret unit The shares of L Brands Inc (NYSE:LB) are eyeing their biggest one-day percentage in nearly 10 months, up 12.1% and trading at $23.05, after the Wall Street Journal reported that CEO Leslie Wexner is not only exploring a full or partial sale of the company's struggling lingerie unit V...Read More
AAPL's quarterly update is receiving bullish reviewsA busy week on Wall Street continues today with another full slate of earnings and economic updates. Traders are considering last evening's quarterly report from Apple (AAPL) that has shares of the tech giant moving higher before the open, and fellow blue chip Boeing's (BA) post-earnings gains, as well. Outside of corporate earnings updates, the...Read More
The Investor Intelligence poll is quite bullish right now Stocks were sailing smoothly for the first part of the year until investors balked after countries began taking action to contain the spread of the coronavirus. The S&P 500 Index (SPX) flirted with going negative on the year early in the week, but after yesterday's bounce back, the index is safely above that level. Typically, a few points u...Read More
"$AGYS - Agilysys, Inc. (AGYS) CEO Ramesh Srinivasan on Q3 2020 Results - Earnings Call Transcript. https://t.co/by9FmbH65G #business #trading #markets"Read full newsRead More
"$SBUX - Starbucks Corporation (SBUX) CEO Kevin Johnson on Q1 2020 Results - Earnings Call Transcript. https://t.co/hGPvWsa7IE #business #markets #investing"Read full newsRead More
Aluminium premiums in Europe continued to buck the general trend in the week ended Tuesday January 28, rising further while premiums in Asia and the United States were static.Rotterdam duty-unpaid premium climbs to highest since August US Midwest premium holds at 23-month low Domestic Brazil premium edges higher Asia premiums static due to lunar new year holiday. Tight availability fuels European...Read More
The London Metal Exchange three-month nickel price hit a seven-month low at $12,550 per tonne on Tuesday January 28, precipitated by risk-off selling while the uncertainty in Asian markets mounts due to China's growing coronavirus epidemic. "All eyes have been on the underlying nickel price with the market hitting a seven-month low on the coronavirus outbreak. Funds have shifted into risk-off mode...Read More
Chilean copper content in mine production is estimated to reach 7.04 million tonnes in 2030, rising by 19.7% from 5.88 million tonnes expected in 2019, the country's copper commission Cochilco announced.Cochilco used the current project pipeline in the country as a basis for calculating production trends, it said on Monday January 27. In a bullish scenario, output could hit 8.08 million tonne...Read More
Chilean copper content in mine production is estimated to reach 7.04 million tonnes in 2030, rising by 19.7% from 5.88 million tonnes expected in 2019, the country's copper commission Cochilco announced.Cochilco used the current project pipeline in the country as a basis for calculating production trends, it said on Monday January 27. In a bullish scenario, output could hit 8.08 million tonne...Read More
Key North American and European market indices closed higher yesterday but Australasian markets were mixed, with China's stock exchanges closed for an extended holiday to February 3 due to the spread of the coronavirus.WHO said yesterday 4,593 cases had been confirmed globally, with 56 outside of China in 14 countries. Inside China there were 106 deaths, 976 severe cases and 6,973 suspected to hav...Read More
Glencore have appointed Mike Westerman to the position of acting head of copper assets following the departure of Mike Ciricillo.Westerman accepts the role after having been chief operating officer of Glencore's Australian copper assets for several...Read More
Mexican steel scrap prices changed little in the week ended Friday January 24, with market participants waiting to see a clearer definition of the international price trend.Until the previous week, Mexican prices had shown consecutive price rises, but this was interrupted by a shift in the global trend for the raw material.Fastmarkets' weekly assessment of the steel scrap No1 heavy melt consumer b...Read More
The Turkish deep-sea scrap import markets have remained quiet since yesterday, with both sellers and buyers holding back from the markets, sources said on Tuesday January 28.The mills in Turkey have booked only two deep-sea cargoes in the past two weeks because of the sluggish rebar and billet markets in the country.Late on January 22, a steel mill in the Iskenderun region booked a UK cargo compri...Read More