SWTX and STSA IPO'd on the same day last monthSpringWorks Therapeutics Inc (NASDAQ:SWTX) and Satsuma Pharmaceuticals Inc (NASDAQ:STSA) both went public fairly recently, and now analysts are weighing in. Let's take a look at how Wall Street is lining up on the shares of SWTX and STSA. For SWTX, J.P. Morgan Securities, Cowen, and Wedbush all began coverage with the equivalent of a "buy" rating, with...Read More
Short-term BA options are attractively priced at the momentThe shares of Boeing Co (NYSE:BA) are down 1.4% to trade at $371.29 this morning, after a Wall Street Journal report indicated tensions between U.S. and European regulators could delay the 737 MAX return in 2020. More specifically, the European Union Aviation Safety Agency (EASA) isn't happy with the U.S. Federal Aviation Agency's (FAA) s...Read More
The brokerage firm slashed its PBYI price target by 67%Goldman Sachs downgraded Puma Biotechnology Inc (NASDAQ:PBYI) stock to "sell" from "neutral," and slashed its price target to $8 from $24 -- a 20.6% discount to last night's close. The brokerage firm expressed concern over slowing Nerlynx sales growth, and said the potential risk from Seattle Genetics' (SGEN) breast cancer treatment is "undera...Read More
Nio's third-quarter deliveries grew by 35.1% The shares of electric car maker Nio Inc (NYSE:NIO) are way higher this morning, after the firm's third-quarter deliveries report came in better than expected. Specifically, NIO said it delivered 4,799 vehicles in the third quarter -- a 35.1% boost from the previous quarter -- citing expedited shipments prior to China's national holiday. At last check N...Read More
U.S. stock futures are sharply below fair valueFutures on the Dow Jones Industrial Average (DJI) are pointing to another down day on Wall Street. Cautious trading looks set to continue ahead of U.S.-China trade talks this week, with S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures also pointing to a sharp pullback at the open, after the Trump administration blacklisted more Chinese companie...Read More
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The S&P 500 just broke an unusually long-term streak above its 160-day moving averageThe featured commentary in our October issue of The Option Advisor was well-timed, as it was just this last Wednesday, Oct. 2, that the S&P 500 Index (SPX) finally snapped a winning streak of historically rare proportions above its 160-day moving average. Following 143 consecutive daily closes above this under-the...Read More
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"$WBA - Dividend Stock Idea: Walgreens' 3.45% Yield Beats 10-Year Treasury Yield. Read more and get updates on any stock! https://t.co/VzCmLrG7BQ #trading #stockmarket #stocks"Read full newsRead More
"Utilities To Triple Growth In 2019-20, Not All Will Advance. Read more and sign up for updates: https://t.co/Xe7cdVjFj8 #trading #stockmarket #stocks"Read full newsRead More
The three-month aluminium price on the London Metal Exchange was higher at the close of trading on Monday October 7, topping a broadly lackluster base metals complex amid low turnover, while zinc's benchmark cash/three-month spread narrowed over the afternoon.Aluminium futures closed at $1,746 per tonne in the afternoon, climbing from an intraday low of $1,714 per tonne, while some 10,100 lots wer...Read More
The three-month nickel price on the London Metal Exchange moved higher during morning trading on Monday October 7, with prices buoyed by a continued draw on the exchange's falling inventory. Nickel's outright price was recently seen trading at $17,775 per tonne, edging closer to the $18,000-per-tonne resistance level, a price not seen since September 13. Volumes traded were particularly thin over...Read More
China is still on holiday this morning, Monday October 7, and quiet trading has resulted in fairly mixed prices across the metals and broader markets. We expect activity to pick up when China's markets reopen on Tuesday, but with United States-China trade talks scheduled for Thursday and Friday, trading is likely to be nervous. Markets quiet with China on holiday for Golden Week until Tuesday...Read More
Officials started two days of negotiations on Monday, with high-level talks involving Chinese vice premier Liu He, US trade representative Robert Lighthizer and treasury secretary Steven Mnuchin scheduled for Thursday, Bloomberg reported.European and Australian market indices had closed higher yesterday while US and Asian markets closed lower.China meanwhile has reportedly added more than 100 tonn...Read More
Antimony found support again in Europe over the week ended Friday October 4, with some traders reportedly achieving higher prices in Rotterdam.Fastmarkets assessed the price of antimony, MMTA standard grade II, in-warehouse Rotterdam, at $6,000-6,300 per tonne on Friday, up by 1.8% per tonne from the previous assessment. Despite the absence of Chinese market participants during the week-long...Read More
Chinese cobalt producer GEM Co Ltd has signed a cobalt supply contract with Switzerland-based miner-trader Glencore, locking in cobalt hydroxide supply for the next five years, the companies announced on October 7. Glencore will supply GEM, including four of its wholly-owned subsidiaries, with at least 61,200 tonnes of cobalt hydroxide between 2020 and 2024. According to the agreement, GEM will pu...Read More
Turkish domestic scrap prices were largely stable over the past week, in line with steady imported scrap values, sources said on Monday October 7.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,300-1,430 ($229-252) per tonne on Monday, unchanged week-on-week. Almost all steel mills have kept their buy prices flat for the...Read More
Turkish steel mills were silent on the first working day of the week with no deep-sea purchases taking place and prices remaining stable, sources said on Monday October 7. Two cargoes were booked at the end of last week. One Turkish steel mill in the Marmara region booked a UK cargo at $223.50 per tonne cfr for HMS 1&2 (80:20) and another steel mill in the Izmir region booked a US cargo at $228.50...Read More
China is still on holiday this morning, Monday October 7, and quiet trading has resulted in fairly mixed prices across the metals and broader markets. We expect activity to pick up when China's markets reopen on Tuesday, but with United States-China trade talks scheduled for Thursday and Friday, trading is likely to be nervous. Markets quiet with China on holiday for Golden Week until Tuesday...Read More
Chinese cobalt producer GEM Co Ltd has signed a cobalt supply contract with Switzerland-based miner-trader Glencore, locking in cobalt hydroxide supply for the next five years, the companies announced on October 7. Glencore will supply GEM, including four of its wholly-owned subsidiaries, with at least 61,200 tonnes of cobalt hydroxide between 2020 and 2024. According to the agreement, GEM will pu...Read More