Most analysts remain bearish on FITB sharesFifth Third Bancorp (NASDAQ:FITB) is trading lower early on despite bullish analyst attention. BofA-Merrill Lych just raised its opinion to "buy" from "neutral" despite trimming its price target by $1 to $30. This price target still sits near annual-high territory for the shares, which were last seen trading down 0.6% at $26.70.At these levels, FITB is ho...Read More
BYND is fresh off its worst weekly loss in almost two monthsThe shares of Beyond Meat Inc (NASDAQ:BYND) are down 4.2% to trade at $125.88 today, after Wells Fargo initiated coverage on the faux-meat concern with a "market perform" rating and $125 price target. The analyst in coverage advised investors to tone down the aggressive expectations, and cautioned "restraint," as the market waits for mo...Read More
KSS is bumping up against its 120-day moving averageThe shares of department store Kohl's Corporation (NYSE:KSS) are slightly lower this morning, set to snap a seven-day win streak -- their longest in at least a year. KSS jumped last week after naming Executive Vice President Jill Timm as its new chief financial officer (CFO). She will be replacing retiring CFO Bruce Besanko starting Nov. 1. KSS s...Read More
Citi set a Street-low price target on the cybersecurity stockCitigroup initiated coverage on CrowdStrike Holdings Inc (NASDAQ:CRWD) with a "sell" rating and a $43 price target -- a nearly 29% discount to last Friday's close at $60.27, and the lowest on Wall Street. The brokerage firm expressed concern over the cybersecurity stock's valuation, echoing a bear note issued by Goldman Sachs on Friday.I...Read More
Planet Fitness stock has shed 18% over the past six months aloneShares of fitness chain Planet Fitness Inc (NYSE:PLNT) are moving 1.6% higher in pre-market trading, fresh off an upgrade out of Imperial Capital. The brokerage firm upgraded to "outperform" from "in-line," calling the exercise specialist a "best in class" stock. The analyst also cited notable consumer growth.PLNT has struggled on th...Read More
China may not be ready to sign any type of trade agreementDow Jones Industrial Average (DJI) futures are trading below fair value this morning. Stocks look set to cool from last week's trade-induced rally, with Bloomberg reporting that China may want more talks later this month with the U.S. before it formally commits to any type of deal. Aside from trade buzz, there's little else on the schedule...Read More
The 14 level could come into play for the VIX in the near term"Since late April, when the SPX touched 2,950 after going pretty much straight up since the December low, the action can best be described as 'messy,' with a range mostly between 2,850 and 3,000...Expect more of the same in the coming weeks - 'messy action' in equity benchmarks. A plethora of uncertainties has been thrown at market pa...Read More
"#THR receives 7.8m more shares in #Hawkstone following publication of maiden mineral resource estimate for the #BigSandy #lithium projecthttps://t.co/Dn0ZmCdlSA"Read full newsRead More
"U.S. CPI And Jobless Numbers - Nothing To Stop The Fed Lowering Rates This Month. Continue reading: https://t.co/zFGfDkwgve #investing #finance #markets"Read full newsRead More
"$TSCO - Tractor Supply Co.: Surviving And Thriving In Today's Competitive Retail Space. Continue reading: https://t.co/rHlusNLGvT #stockmarket #markets #trading"Read full newsRead More
"$PLTM - Platinum Weekly: All Eyes On South Africa. Follow this and any other stock on Seeking Alpha! https://t.co/wdHzn69yTM #stockmarket #trading #finance"Read full newsRead More
"$LOW - Lowe's Rising Inventory And Debt Levels Make It A Risky Late Cycle Investment. Get more info on Seeking Alpha: https://t.co/7zkEgH1y9A #markets #economy #stockmarket"Read full newsRead More
Less than a week after the Jan. 25 tailings dam collapse at Vale's Feijao iron ore mine in Brazil that killed 251 people and left 19 missing, the Church of England Pensions Board, along with Sweden's Public Pension Funds Council, Dutch funds APG and Robeco, New Zealand Super, the U.K.'s LGPS Central and Canada's BMO Global Asset Management - together representing over US$1.3 trillion in assets - j...Read More
Bob Moriarty ArchivesOct 14, 2019I was writing aboutNevada Copper five months ago and the shares were $.395. Today as the price of copper has gone down by ten percent and we move into tax loss silly season, the shares are $.215. They were cheap then, they are cheaper now along with most of their brethren.This is the month I believe the world will catch onto the fact that the “Everything Bubb...Read More
Here are five Fastmarkets MB you might have missed on Friday October 11 that are worth another look.Most of the import prices for flat-rolled steel products were stable during the week ended October 11 in South America, because Chinese mills did not significantly change offers made before their Golden Week holiday, which ended on October 7.Miners MMG and Citic Metal have declared force majeure on...Read More
US president Donald Trump tweeted the "phase one" deal could be finalised and signed soon, with China already buying agricultural products and the US not increasing tariffs from 25% to 30% tomorrow."The relationship with China is very good," he said.Safe haven asset gold lost a bit of its lustre, dropping to about US$1,483 an ounce on the spot market this morning.Key market indices closed higher o...Read More
Gary Tanashian, NFTRHLet's take a look at some indicators that can come together to let us know when the next inflationary bout is in the offing.The spread between 10yr and 2yr yields (the most commonly watched yield spread/curve) is still steepening on the short-term. Live chart available here.What's more, it is doing this against a short-term bounce in yields (my TBT positions appreciate that...Read More
RambusPerspective is everything when it comes to the markets. It is always most important to look at the long term charts first and then work your way back to the shorter timeframes. Long term charts also show where major support and resistance resides that can have a calming affect on ones emotions when the inevitable corrections take place.Its been several months or so since we last looked at...Read More
By: Ira EpsteinGold 18-week moving average above $1,461+ Gold is in a correction mode right now. Read More
Mike Gleason Don't want to listen? Read the podcast below!Welcome to this week's Market Wrap Podcast, I'm Mike Gleason.Coming up MoneyMetals.com columnist and Senior Analyst at The Morgan Report David Smith joins me for another wonderful conversation on why he thinks the recent correction in metals is creating what may be the last great buying opportunity in the sector, and also why he belie...Read More