Uber stock is higher today after Travis Kalanick said he would be stepping down from the board of directorsRide-hailing concern Uber Technologies Inc (NYSE:UBER) is inching higher today after the company's founder Travis Kalanick said he would be stepping down from the board of directors in order to focus on his new food delivery business and philanthropic endeavors. This announcement comes right...Read More
Short-covering could help CNX riseIn his latest Indicator of the Week, Schaeffer's Senior Quantitative Analyst Rocky White took a look at stocks that may have short-covering upside when the calendar turns to 2020. One name to watch out for is Pennsylvania-based CNX Resources Corp (NYSE:CNX), which is hoping to turn things around on the charts in the coming year.CNX stock is set to close 2019 with...Read More
There's room for more bullish analyst attention to boost the medical device makerWhile its quiet on most of Wall Street today on Christmas Eve, don't tell that to Microbot Medical Inc (NASDAQ:MBOT). The stock is up 41.8% to trade at $14.34, after H.C. Wainwright boosted its price target to $12 from $10. But what's more likely to be driving gains is yesterday's news that the company plans to unvei...Read More
RBC lifted its price target on AMD to a street high of $53A bull note from RBC helped lift the shares of semiconductor name Advanced Micro Devices, Inc. (NASDAQ:AMD) this morning. The stock is up 1.3%, now trading at a 12-year high of $46.06, after the analyst raised its price target to a Street high of $53 from $50. The broker also hiked it full-year forecast in order to reflect strengthening dat...Read More
ACB has shed 60% in 2019Weed specialist Aurora Cannabis Inc (NYSE:ACB) is up 1.5% this morning at $2.04, despite receiving a downgrade to "hold" from "buy" out of Jefferies yesterday afternoon. Interestingly enough, the downgrade came on the heels of news the company's Chief Corporate Officer (CCO) Cam Battley has resigned, and yesterday's announcement it has created steps to reduce debt and boos...Read More
The stock market will close at 1 p.m. ET todayThe holiday-shortened week started with another record close, and Dow Jones Industrial Average (DJI) futures are set to add more gains this morning. The S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also on pace for positive opens today, although the news slate is bare and trading volume is likely to be low, with markets closing at 1 p.m. ET fo...Read More
Support remains at the 20-day moving averageSoftware name Sea Ltd (NYSE:SE) has more than tripled in 2019, and over the last few months have been on a steady trend higher. With a layer of support embedded in the rising 20-day moving average and the peak call open interest expiring at the December 40-strike, now looks like the perfect opportunity to bet on SE's next leg higher. In the options pit...Read More
"$OXM - Oxford Industries Hoping For Better Gains This Year. Follow this and any other stock on Seeking Alpha! https://t.co/xK0bmNJvlO #economy #finance #business"Read full newsRead More
Not only are gold fundamentals excellent, dollar fundamentals help...Read full newsRead More
Not only are gold fundamentals excellent, dollar fundamentals help...Read full newsRead More
The China Solid Waste and Chemicals Management Bureau will allow up to 275,465 tonnes of aluminium scrap shipments into the country in the first batch of import quotas for 2020. The volume is significantly higher than for December, which was set at 9,844 tonnes of aluminium scrap - down from 13,770 tonnes in the previous quota. This, in turn, was less than the 44,935 tonnes issued in October....Read More
Zinc was the worst performer at the London Metal Exchange 5pm close on Monday December 23, while the other base metals consolidated in quiet market conditions. The three-month zinc price closed 2% lower at $2,291 per tonne, due to weak fundamentals triggering a sell-off. The metal has been retreating after it failed to stabilize above $2,300 per tonne last week. "The stronger than expected sell-o...Read More
Recylex has placed three companies including German primary smelter Weser-Metall up for sale, with the European lead producer forced to offload assets to reduce outstanding debts of ?,?200 million ($221.4 million)."The group is working on the disposals of PPM Pure Metals GmbH, for which it has already received expressions of interest, Norzinco GmbH and Weser-Metall GmbH," it said in a statement la...Read More
Recylex has placed three companies including German primary smelter Weser-Metall up for sale, with the European lead producer forced to offload assets to reduce outstanding debts of ?,?200 million ($221.4 million)."The group is working on the disposals of PPM Pure Metals GmbH, for which it has already received expressions of interest, Norzinco GmbH and Weser-Metall GmbH," it said in a statement la...Read More
Jack ChanPosted Dec 23, 2019Gold 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.Gold sector as represented by $HUI is on a short-term sell signal.Short-term signals can last for weeks and are more suitable for traders.Speculation remains high despite the recent pullback.Speculation is at a reasonable level to res...Read More
China imported 210,000 tonnes of alumina from the seaborne market in November, down from 240,000 tonnes in October, butconsiderably higher than the 150,000 tonnes shipped in September when the import arbitrage window opened, according to Chinese customs data released on Monday December 23.China imported a total of 1.24 million tonnes of alumina from January to November, up 170% from the 460,0...Read More
Key data from the pricing sessions in Asia and Europe in the week to Friday December 20. Europe Key drivers European silicon spot prices continued momentum from previous weeks. The metal is closing the year in a positive mood after constant falls in the second and third quarters of 2019. Trading has slowed slightly down ahead of the holiday but European sources...Read More
Key data from the pricing sessions in Asia and Europe in the week to Friday December 20.ChinaKey drivers The price of antimony, MMTA standard grade II, ddp China, continued to drop for the seventh consecutive week in the latest assessment period ended Wednesday December 18, as suppliers cut offer prices further amid scant buying interest.Some suppliers lowered prices in an effort to sell off stock...Read More
The China Solid Waste and Chemicals Management Bureau will allow up to 275,465 tonnes of aluminium scrap shipments into the country in the first batch of import quotas for 2020. The volume is significantly higher than for December, which was set at 9,844 tonnes of aluminium scrap - down from 13,770 tonnes in the previous quota. This, in turn, was less than the 44,935 tonnes issued in October....Read More
The ferrous scrap market in the United States might be calmer in 2020, with metals recyclers potentially facing less volatility and price declines than in 2019, which could present a unique set of opportunities for buyers and sellers.Market participants do not expect the steep decline in prices that characterized the market in 2019 to reoccur due to the extent of that drop. Fastmarkets' asses...Read More