SRPT options volume is running at 10 times the average intraday pace this morningSarepta Therapeutics Inc (NASDAQ:SRPT) is near the bottom of the Nasdaq this morning, down 16.5% to trade at $100.52. Last night, the Food and Drug Administration (FDA) declined to approve the company's golodirsen injection for the treatment of Duchenne muscular dystrophy (DMD), citing risk of infection and kidney to...Read More
Calls have remained popular on HPQ, howeverTech stock HP Inc (NYSE:HPQ) and retailer Foot Locker, Inc. (NYSE:FL) will both be in the earnings spotlight later this week, and both names received downbeat analyst attention this morning. As such, let's take a look at the shares of HPQ and FL to see how Wall Street is approaching each companies' upcoming quarterly report. Citigroup downgraded its opini...Read More
The retailer posted second-quarter per-share earnings above estimates, though Department store issue Kohl's Corporation (NYSE:KSS) stepped into the earnings ring this morning, with second-quarter earnings of $1.55 per share, which beat out analysts' estimates. However, the retailer reported quarterly revenue and comparable-store sales below expectations, citing unseasonably chilly and wet weather....Read More
Stock futures are quiet following a volatile stretch Dow Jones Industrial Average (DJI) futures are trading cautiously above fair this morning, following a volatile stretch for the blue-chip index that saw six triple-digit closes in the last eight days. Yesterday's U.S.-China trade optimism has dimmed, and instead investors are digesting a mixed quarterly report from trade-sensitive Home Depot (HD...Read More
Papua New Guinea plans to take a larger share of the Porgera gold mine as part o...Read full newsRead More
Papua New Guinea plans to take a larger share of the Porgera gold mine as part o...Read full newsRead More
Traders last week loaded up on out-of-the-money SPY puts, sending premiums soaringWith the major U.S. equity benchmarks already down more than 3% halfway into the month of August, you don't have to look too far to find signs of panic in this stock market. Witness, for example, the Cboe Volatility Index (VIX), commonly known as the market's "fear index," jumping above the 24 level twice in the past...Read More
* Investors await Fed minutes on Wednesday, cenbanks' summit * Silver up 1% to trade above $17; Palladium hits 2-wk high * Spot gold may test support at $1,483 per ounce - techs * GRAPHIC-2019 asset returns: (Updates prices)By Brijesh PatelAug 20 (Reuters) - Gold rose back above $1,500 an ounce onTuesday, rebounding from the previous day's sharp losses asinvestors switched focus to the minutes of...Read More
"It's to better prepare your portfolio for whatever's here already and whatever more may come. Here are 5 high conviction strong buys. https://t.co/JeaE4OVZkw #investing #trading #stocks"Read full newsRead More
"A coalition of state attorneys general is getting closer to a full-scale joint antitrust probe of big #tech, which would add still more pressure to an industry facing multiple federal looks. Read more and join the discussion on Seeking Alpha. https://t.co/gXJcKzB5aV #investing"Read full newsRead More
Nickel's three-month price on the London Metal Exchange was lower at the close of trading on Monday August 19, dipping below the $16,000-per-tonne support level amid a broadly low turnover across the complex, while a steady uptick in lead lead gains over the afternoon. Closing at $15,920 per tonne, nickel's futures price failed to close above its nearby support level after breaching the mark last...Read More
Imperial Metals has completed the sale of a 70% stake in its wholly-owned Red Chris copper and gold mine in British Columbia, Canada to Newcrest Mining, creating a joint venture with Newcrest as the operator.The deal, initially announced in March, aims to use Melbourne, Australia-based Newcrest's block-caving expertise to mine the deep resource beneath the current open pits and exploit high grades...Read More
Xinjiang Xinfa Aluminium, a subsidiary of Xinfa Group, was heard to have closed 500,000 tonnes of aluminium production operational lines at its plant in Xinjiang province, China due to an incident at its electrical transformer on August 18, sources told Fastmarkets on Monday August 19.The total closure period is said to last at least three months while other sources have heard that the production...Read More
Europe's high carbon ferro-chrome market dropped by over 4% to its lowest level in more than ten years amid weak demand, while the UG2 chrome ore index fell on aggressive bidding. European alloy price at lowest since May 2009 Chrome ore prices weaken in China Domestic and imported alloy prices hold in China Alloy prices hold in East Asia US price holds amid inactivity The E...Read More
Fastmarkets published its cif Tianjin and fob Port Elizabeth manganese ore indices later than scheduled on Friday August 16 because of a technical issue. The following prices were published in Fastmarkets' price book later than scheduled: Manganese ore 37% Mn, fob Port Elizabeth, $/dmtu Manganese ore 44% Mn, cif Tianjin, $/dmtuManganese ore index 37% Mn, cif Tianjin, $/dmtuThe Fastmarkets price bo...Read More
Xinjiang Xinfa Aluminium, a subsidiary of Xinfa Group, was heard to have closed 500,000 tonnes of aluminium production operational lines at its plant in Xinjiang province, China due to an incident at its electrical transformer on August 18, sources told Fastmarkets on Monday August 19.The total closure period is said to last at least three months while other sources have heard that the production...Read More
The price of antimony softened in both the European and Chinese markets in the week ended Friday August 16, while the markets reacted to the news that the last of the antimony materials held by the defunct Fanya Metal Exchange will be auctioned later this month.EuropeIn Europe, Fastmarkets assessed the price of antimony, MMTA standard grade II, in-whs Rotterdam, at $5,750-6,000 per tonne on Friday...Read More
The Turkish steel producers have started what was expected to be another quiet week because of the sluggish demand for finished long steel during the summer holiday period, sources said on Monday August 19.The Turkish market and those in other Middle Eastern territories were closed August 12-15 for the Islamic Eid al-Adha celebrations, and many market participants were also away for summer holiday...Read More
Domestic auto bundle (DKP-grade) scrap prices in Turkey have fallen over the past seven days because of the weak finished steel market, sources said on Monday August 19.A number of steel mills in the country have reduced their buy prices for the material by TRY20-40 ($4-8) per tonne.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,550-1,...Read More
Imperial Metals has completed the sale of a 70% stake in its wholly-owned Red Chris copper and gold mine in British Columbia, Canada to Newcrest Mining, creating a joint venture with Newcrest as the operator.The deal, initially announced in March, aims to use Melbourne, Australia-based Newcrest's block-caving expertise to mine the deep resource beneath the current open pits and exploit high grades...Read More