Intel is one stock seeing accelerated options tradingIt's a somewhat low-volume day on Wall Street, with few market-moving events on the radar. The Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) were all last seen sporting modest losses, putting the Dow on pace for its first loss in five days. Outside of today's product reveal from Apple (AAPL), traders are...Read More
Apple (AAPL) will unveiled its latest iPhone this morning west coast time. Will the new model determine whether the stock makes a move either up or down? Based on our INK Edge signals, it just might. Right now, the stock has a Mixed INK Edge outlook. CEO Tim Cook's selling last month has helped to cloud the picture.Tim Cook (red circle on chart) has been selling lately under a trading planAlthoug...Read More
"#GlobalLeadershipReport2019 by #MiningJournal Intelligence has now been released, download your free excerpt (worth ?100). The report features a comprehensive review of the industry's readiness to take on the challenges of today, and tomorrow.https://t.co/XhVCDffE2q"Read full newsRead More
Short-term options premiums on CBOE look relatively cheap at the momentExchange operator Cboe Global Markets Inc (BATS:CBOE) is up 21% year-to-date, outperforming the broader S&P 500 Index (SPX). The shares are now consolidating above their most recent earnings close, as well as the historically supportive 20-day moving average, giving us the perfect opportunity to jump on CBOE's next leg higher.L...Read More
There's heavy call open interest in the September series for FordWe called out the Ford Motor Company (NYSE:F) pullback in our Opening View newsletter, with shares of the auto stock down 5.2% at $9.06 this morning. The company's bond rating was cut to junk status by Moody's, while Ford also unveiled new electric vehicles for the European market. The shares may have found support at the 20-day movi...Read More
Is the American consumer really that healthy?Read full newsRead More
Iron ore price surges as shipments to top consumer hits 19-month high.Read full newsRead More
For whatever reason, these people have been promoting that the cities will all sink and we are the cause of it all since the 1930s...Read full newsRead More
FOXA calls are all the rage right now The shares of Fox Corp (NASDAQ:FOXA) are up 0.4% to trade at $34.45 today, so far shaking off a downgrade from Atlantic Equities to "underweight" from "overweight." The brokerage firm also lowered its price target to $28 from $43, noting the cord-cutting trend is happening faster than expected, and will likely weigh on the media giant. Since Fox went public...Read More
Citi is targeting 55% upside for SQ stockCitigroup raised its Mastercard Inc (NYSE:MA) price target to $317 from $288 -- a nearly 12% premium to last night's close at $283.36, and above the average 12-month target price of $309.47. Broad-market headwinds are keeping a lid on MA stock in early trading today, though, with the shares last seen down 3% at $275.01.Looking closer at the charts shows the...Read More
VNE was just nominated by a global automaker to create its Mono Vision System camerasSwiss-based auto technology name Veoneer Inc (NYSE:VNE) is up 6.8% at $17.69 this morning, after the firm and its joint venture unit, Zenuity, were nominated by an unnamed global automaker to build its Mono Vision System camera software for European vehicles. The stock is eyeing its fifth consecutive win, in respo...Read More
In lieu of deteriorating economic conditions and a fragile equities market ripe for a correction, it may soon be an opportune time to buy gold and the Yen.Central banks' aggressive quantitative easing programs and unprecedented debt-to-GDP ratios across much of the developed world have, in my belief, set the stage for massive inflation in the long run.Gold outperforms in an inflationary environmen...Read More
The tech titan is expected to unveil new iPhones later today Dow Jones Industrial Average (DJI) futures are holding cautiously below fair value this morning, with the blue-chip index fresh off a four-day winning streak. Blue-chip Apple (AAPL) will be in focus today, with the firm expected to reveal new iPhones at today's event, as well as more details for its streaming services. AAPL stock is trad...Read More
A laundry list of round numbers is now in play for Hong Kong's benchmark equity indexThere was a major mid-week relief rally for Hong Kong-listed stocks, after Chief Executive Carrie Lam on Wednesday said the government would formally withdraw a controversial extradition bill that had triggered months of disruptive protests in the region. The benchmark Hang Seng Index (HSI) rallied 3.9% on the ses...Read More
* GRAPHIC-2019 asset returns: (Adds closing prices) By Zandi Shabalala LONDON, Sept 10 (Reuters) - Copper was steady on Tuesday asdownbeat factory data from China, the biggest producer of themetal, highlighted the impact of Beijing's trade conflict withthe United States and reinforced concerns about demand for themetal. Benchmark copper on the London Metal Exchange (LME)ended 0.2% higher at $5,825...Read More
The video game industry is one of the fastest growing industries in the world, representing a massive 2.5 billion gamers across the globe. The revenue forecast of $152.1 billion for 2019 alone represents a 9.6% growth YoY - almost double the growth of the apparel industry, which has been growing steadily for decades. [1]The three major divisions of this lucrative market are mobile games, console g...Read More
Total federal debt is projected to be 144% of GDP by 2049.Apple, Deere, Walt Disney and Coca-Cola were among the record 49 companies that issued as much as $54 billion in bonds this past Wednesday.Apple alone sold $7 billion, its first bond deal since 2017.For the 2020 fiscal year, the federal budget deficit is expected to hit a massive $1 trillion - the first time in U.S. history that it will hav...Read More
The three-month aluminium price on the London Metal Exchange had risen at the close of trading on Monday September 9, reaching its highest level since July 31, while a steady uptick in nickel futures over the afternoon saw the metal regain support above the $18,000 per tonne threshold.Aluminium futures closed at $1,799 per tonne, maintaining upward momentum over the afternoon and trading in positi...Read More
Key data from the Monday August 9 pricing session in London and Shanghai. Fastmarkets' benchmark alumina index, fob Australia fell to $296.08 per tonne on Monday, down from $298.91 per tonne on September 6. The index is at its lowest since August 16 when it hit $296.06 per tonne and is down 25% from the start of 2019 when it was at $396.24 per tonne on January 2. Key drivers: ...Read More
Low spot copper concentrate treatment and refining charges (TC/RCs) cif Asia Pacific will not lead to production cuts at Chinese copper smelters this year because many signed favorable long contracts at the end of 2018 and smelters remain cash positive, according to analysts attending a copper conference in Qiqihar, China, on Friday September 6. But expectations of a continued downtrend in TC/RCs...Read More