Traders are also eyeing strong July retail salesThe Dow Jones Industrial Average (DJI) has traded on both sides of breakeven today, but was last seen higher on a bigger-than-anticipated rise in July retail sales and better-than-expected earnings from Walmart (WMT). Traders are also eyeing a 2.3% increase in second-quarter productivity. However, disappointing earnings from Cisco Systems (CSCO) are...Read More
Here is the video summary of the August 15th INK Morning report where insiders are continuing to buy ECN Capital ( ECN) shares despite it outperforming the S&P 500 by 28% over the past year.INK Research and Canadian Insider are both subscriber-supported. We do not accept payments from issuers or promoters for stock coverage.Script (check against delivery):Over the past year, ECN Capital has been...Read More
Cisco stock has now shed 19% since its mid-July peakWhile the broader stock market is higher in early trading, blue chip Cisco Systems, Inc. (NASDAQ:CSCO) is sharply lower after earnings. While earnings and revenue came in above estimates in its fiscal fourth quarter, Cisco's current-quarter and full-year guidance fell short of expectations. The tech titan cited the impending U.S. tariffs and plum...Read More
A slew of retailers will report earnings next weekThe Fed will be in focus next week, with the central bank's annual symposiumin Jackson Hole, Wyoming, kicking off on Thursday. Prior to that, though, Wall Street will dissect the Federal Open Market Committee (FOMC)July meeting minutes, looking for clues to the future pace of rate cuts. As far as earnings go, several retail names will take the spot...Read More
Madoff whistleblower Markopolis has released a scathing report on GEIt's been a busy stretch for General Electric Company (NYSE:GE) news, with the shares dropping on Monday following comments from one noted GE bear. Today, the stock is down 5.6% to trade at $8.52, on reports Nelson Peltz's Trian Fund Management cut its stake in GE. Plus, a new report from Madoff whistleblower Harry Markopolos has...Read More
Wedbush cut its price target ahead of the retailer's earnings releaseShares of retail giant Nordstrom, Inc. (NYSE:JWN) are moving lower again this morning, extending yesterday's Macy's (M)-induced sell-off, as traders digest a fresh bear note out of Wedbush. Ahead of Nordstrom's own earnings report next week, the brokerage firmcut its price target on JWN stock to $24 from $35 -- a nearly 8% disco...Read More
Recent traders took aim at the $300 level for NFLXNetflix Inc (NASDAQ:NFLX) is slightly higher after Soros Fund Management dissolved its stake in the company. The stock is up 0.2% at $299.70, following its lowest close in eight months yesterday. Looking more broadly, NFLX has been struggling to gain ground since its post-earnings bear gap in late July. The stock's attempts to close this gap were m...Read More
Walmart earnings came in above the consensus estimate Dow Jones Industrial Average (DJI) futures are signaling a higher open, as upbeat trade headlines help ease the sting of yesterday's ugly stock sell-off. Earlier today, a spokesperson for China's Ministry of Foreign Affairs expressed "hopes the U.S. will meet China halfway and implement the consensus reached by the two leaders during their meet...Read More
SQ shares gapped lower after earnings earlier this monthJack Dorsey's Square Inc (NYSE:SQ) sold off earlier this month on a disappointing outlook, but J.P. Morgan Securities in a note this morning said traders should be into the weakness. More specifically, the brokerage firm believes U.S. payments processors as a whole are set to outperform over the next year, and it sees the most growth for Squa...Read More
"EnGold to Drill Aurizon South Gold Targets and Carry Out Soil Geochemistry Surveys at Scorpio and Aurizon Gold West https://t.co/SvAZhn7XTb"Read full newsRead More
* GRAPHIC-2019 asset returns: (Updates with closing prices) By Eric Onstad LONDON, Aug 15 (Reuters) - Copper slipped on Thursday afterChina said it would hit back against additional U.S. tariffs,fuelling fears over global growth and metals demand.Some other industrial metals, however, clawed higher in thinvolumes as investors closed out bearish positions. China has to take necessary counter-measur...Read More
A break outside of a multiyear range in June.The daily chart - bullish reversals have been good indicators.The weekly chart - an overbought condition, but open interest is rising.A semi-annual picture - new highs could be on the horizon.Gold equities support higher prices - UGLD on dips to turbocharge performance.Gold is shining as an asset these days since the luster returned in June. After tradi...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed down 800 points Wednesday, its worst day of the year, as weak economic data from China, GDP contraction in Germany, and the first inverted U.S. yield curve in 12 years stoked fears of a recession. Benchmark 10-year Treasury note yields fell below yields on two-year notes for the first time si...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 14.Please click...Read More
The three-month price of zinc on the London Metal Exchange continued to slide at the close of trading on Wednesday August 14, slipping below the support level at $2,300 per tonne amid a 2.8% selloff, while tin futures held on to gains above the $17,000 per tonne threshold.Volumes traded over the day were moderately low, with copper's 13,234 lots topping the complex, while 11,200 lots of aluminium,...Read More
In the United States, the nickel 4x4 cut cathode premium weakened on the high end while nickel briquette premiums held their wide range, European market players eyed the forward curve and Chinese players maintained focus on the import window. US 4x4 nickel cut cathodes respond to falls from cheaper nickel forms European premiums steady but backwardation may signal a future sell-off Chinese premium...Read More
A series of press reports relating to the changes in Indonesia's nickel ore export ban policy amid volatile nickel prices on the London Metal Exchange has left market participants baffled, Fastmarkets understands.The latest news regarding Indonesian nickel exports claims that Indonesia's President Joko Widodo will make the final decision on whether the country will bring an export ban on mineral o...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Steel mills in Turkey have remained out of the deep-sea scrap markets so far this week with trading limited by the Eid al-Adha religious holiday in the country, sources told Fastmarkets on Wednesday August 14.The Turkish market and those in other Middle Eastern territories will be closed until August 15 for Eid al-Adha; no new deals for cargoes were expected to be heard before then.As a...Read More
Trading volumes on the London Metal Exchange declined by 6% in the first half of 2019, parent company Hong Kong Exchanges & Clearing (HKEX) said in its own half-year results announcement.HKEX said the chargeable average daily volume of contracts traded on the LME was 619,000 lots in the first six months of the year, compared with 659,000 lots during the same period...Read More