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Dow Drifts Lower After Chile Cancels APEC Summit

October 30, 2019 / www.schaeffersresearch.com

U.S. GDP grew by a greater-than-expected 1.9% in the third quarterThe Dow Jones Industrial Average (DJI) is drifting lower at midday, as investors react to news that Chile has canceled the Asia-Pacific Economic Cooperation (APEC) meeting for next month, where President Donald Trump and Chinese President Xi Jinping were expected to meet and possibly sign a "phase one" trade deal. Chilean Presiden...Read More

This Sliding Index is About to Send GDXJ and Other Gold Mining ETFs Down

October 30, 2019 / dlvr.it

Thursday's analysis featured the price target for the junior miners, and we used GDXJ as a proxy for the sector. That's not the only proxy out there though and looking at a different one - Toronto Stock Exchange Venture Index - provides us with an enormously important confirmation.Read full newsRead More

UPDATE 1-Gold price boosts AngloGold Ashanti's free cash flow while production edges up

October 30, 2019 / dlvr.it

South African miner AngloGold Ashanti said on Monday that it expects its full-ye...Read full newsRead More

Options Players, Analysts Lean Bullish Ahead of Cigna Earnings

October 30, 2019 / www.schaeffersresearch.com

How Cigna stock is performing just ahead of tomorrow's earnings report Health services stock Cigna Corp (NYSE:CI) has been in rally mode since its one-month low of $146.50, hit earlier this month. Since then, the stock has ended higher during all but three sessions, set to clock over a 16% monthly gain -- its biggest in 10 years. A run in with its 320-day moving average has the stock pulling back...Read More

The German Recession Is About To Turn Around - No Need To Run For Gold

October 30, 2019 / seekingalpha.com

Rumors and fears of recession in Germany are in the news.The facts show the slow down in exports in not from the U.S. despite the trade war rhetoric.Weakness in the UK and other European trade partners is more to blame for the decline in exports.Facts show that export weakness is bottoming helped in part by a weaker euro and a return to world central bank easing policies.The purpose of this articl...Read More

GE Options Bulls Target Key Level After Earnings Beat

October 30, 2019 / www.schaeffersresearch.com

General Electric stock could close above its 320-day trendline todayGeneral Electric Company (NYSE:GE) reported an adjusted third-quarter profit of 15 cents per share on $23.36 billion revenue -- more than analysts were expecting. The industrial conglomerate also said it now expects its full-year free cash flow to arrive between flat and $2 billion, up from its previous forecast of minus $1 billio...Read More

Option Bears Move in on Edison International Stock

October 30, 2019 / www.schaeffersresearch.com

Options traders have started buying puts on EIX stockEdison International (NYSE:EIX) has been in the headlines recently due to the California wildfires, along with peer PG&E, and the company last night admitted in its earnings call that its equipment likely played a role in the fire in Woolsey. EIX stock fell to $63.70 out of the gate, and was last seen at $65, down 0.6% so far. Meanwhile, recent...Read More

REPORT: Horizonte Minerals- Accelerating plans to bring the Araguaia ferronickel project into production Here, we...

October 30, 2019 / twitter.com

"REPORT: Horizonte Minerals- Accelerating plans to bring the Araguaia ferronickel project into productionHere, we have taken a deep dive into Araguaia's development, its attractive economics, and its exciting stage two potentialhttps://t.co/bsF8D3AtnY#HZM @HorizontePLC"Read full newsRead More

Nordstrom Downgraded Ahead of Holiday Shopping Season

October 30, 2019 / www.schaeffersresearch.com

Nordstrom's recent rally stalled near a key technical levelThe shares of Nordstrom, Inc. (NYSE:JWN) are down 3% to trade at $35.98 today, after UBS downgraded the retailer to "sell" from "neutral." While the analyst in coverage kept a $30 price target, they warned that a weak holiday shopping season and tariffs could weigh on the company's earnings. Nordstrom reports third-quarter earnings after...Read More

AMAG Stock Spirals on Negative FDA News

October 30, 2019 / www.schaeffersresearch.com

The FDA could make a final decision on AMAG's Makena in the coming monthsThe shares of AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) have been cast to the bottom of the Nasdaq today, following news that a Food and Drug Administration (FDA) advisory committee voted in favor of taking the firm's Makena drug, which is used to reduce the risk of preterm birth, off the market. An official FDA ruling is expe...Read More

Petra Diamonds (#PDL) says there has been a scaling of the open pit wall at its Cullinan mine in South Africa, furt...

October 30, 2019 / twitter.com

"Petra Diamonds (#PDL) says there has been a scaling of the open pit wall at its Cullinan mine in South Africa, further to a thunderstorm over the weekend.-It is not anticipated that this incident will have a material impact on productionhttps://t.co/kVJQRnd9ag"Read full newsRead More

KEFI Minerals (#KEFI) provides an update for Q3 2019 outlining milestones at Tulu Kapi for the remainder of the yea...

October 30, 2019 / twitter.com

"KEFI Minerals (#KEFI) provides an update for Q3 2019 outlining milestones at Tulu Kapi for the remainder of the year, including:-Close first $11.4m installment of project equity-Award tenders for construction of off-site infrastructure -Update FEEDhttps://t.co/8hzyS5bahl"Read full newsRead More

Dow Futures Higher Ahead of Fed Decision

October 30, 2019 / www.schaeffersresearch.com

The Fed is expected to cut interest ratesU.S stock futures are pointing to a higher open ahead of a huge day on Wall Street. Investors are gearing up for the Fed's rate-cut decision this afternoon, and the subsequent press conference from Fed Chair Jerome Powell. Until then, traders will be monitoring more corporate earnings reports, including a strong quarterly update from General Electric (GE),...Read More

S&P Approaching Most Bullish 6 Months of the Year

October 30, 2019 / www.schaeffersresearch.com

However, traders should temper their expectations this time aroundComing off fresh all-time highs, the S&P 500 Index (SPX) is now moving into the most bullish six months of the year, looking at the last 50 years. The table below shows the index averages a 6.62% return from November through April, with 76% of the returns positive. Both of those metrics top all other six-month periods. This week, I'...Read More

Healthy Consolidation In Gold

October 30, 2019 / seekingalpha.com

Gold corrected from the early September high.Trading in a range since the recent bottom.The short-term chart is looking neutral.Lower rates, Brexit, and trade support gold.A higher high before the end of 2019 - gold mining stocks should outperform gold on a percentage basis.Gold has been in the spotlight since June when it broke out to the upside above its critical resistance level at the July 201...Read More

$KTCC - Key Tronic Corporation (KTCC) CEO Craig Gates on Q1 2020 Results - Earnings Call Transcript. Subscribe to S...

October 30, 2019 / twitter.com

"$KTCC - Key Tronic Corporation (KTCC) CEO Craig Gates on Q1 2020 Results - Earnings Call Transcript. Subscribe to Seeking Alpha for more: https://t.co/MqvoPTEdQx #markets #business #trading"Read full newsRead More

$DLR - Digital Realty Trust, Inc. (DLR) CEO Bill Stein on Q3 2019 Results - Earnings Call Transcript. Get more upda...

October 30, 2019 / twitter.com

"$DLR - Digital Realty Trust, Inc. (DLR) CEO Bill Stein on Q3 2019 Results - Earnings Call Transcript. Get more updates here: https://t.co/hkwbymx3Ad #markets #stocks #stockmarket"Read full newsRead More

$ETN - Eaton Corporation (ETN) CEO Craig Arnold on Q3 2019 Results - Earnings Call Transcript. Get more info on See...

October 30, 2019 / twitter.com

"$ETN - Eaton Corporation (ETN) CEO Craig Arnold on Q3 2019 Results - Earnings Call Transcript. Get more info on Seeking Alpha: https://t.co/o6KlYznDjw #business #stocks #markets"Read full newsRead More

$SYX - Systemax Inc. (SYX) CEO Barry Litwin on Q3 2019 Results - Earnings Call Transcript. Subscribe to Seeking Alp...

October 30, 2019 / twitter.com

"$SYX - Systemax Inc. (SYX) CEO Barry Litwin on Q3 2019 Results - Earnings Call Transcript. Subscribe to Seeking Alpha for more: https://t.co/t5VZo5UbgU #economy #stocks #trading"Read full newsRead More

$CSII - Cardiovascular Systems, Inc. 2020 Q1 - Results - Earnings Call Presentation. Keep reading:...

October 30, 2019 / twitter.com

"$CSII - Cardiovascular Systems, Inc. 2020 Q1 - Results - Earnings Call Presentation. Keep reading: https://t.co/KGfrIQ4dv3 #economy #trading #stockmarket"Read full newsRead More

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