The majority of analysts covering WWE call it a "buy"Rosenblatt Securities initiated coverage on World Wrestling Entertainment, Inc. (NASDAQ:WWE) with a "buy" rating and an $85 price target -- a 27.4% premium to last night's close. The brokerage firm said the entertainment name is an attractive target for those looking to trade the "content is king" theme, and sees a compelling entry point followi...Read More
CBS and Viacom recently announced plans to combineYesterday, CBS Corporation (NYSE:CBS) announced an agreement to merge with Viacom (VIAB) in an all-stock deal, creating an entity -- ViacomCBS -- with more than $28 billion in revenue. Today, analysts weighed in on the deal, with Bernstein downgrading CBS stock to"underperform" from "outperform," while cutting its price target to $46 from $62....Read More
Analysts go overweight on HZNP and BMY sharesTwo names enjoying positive analyst attention this morning are drug concerns Horizon Pharma PLC (NASDAQ:HZNP) and Bristol-Myers Squibb Co (NYSE:BMY). Here's how the shares of HZNP and BMY stocks are trading this morning following the upbeat brokerage notes. HZNP stock was upgraded to "outperform" from "market perform" at BMO, which also lifted its price...Read More
The apparel concern reported an earnings and revenue beat, but weak quarterly profit margins Outerwear manufacturer Canada Goose Inc (NYSE:GOOS) is down after stepping into the earnings confessional this morning and posting a second-quarter earnings and revenue beat, thought profit margins were weaker than expected. The company cited a higher portion of its sales going to department stores for the...Read More
The yield on 10-year Treasury note fell below the 2-year Treasury yield Dow Jones Industrial Average (DJI) futures are taking a beating this morning, trading more than 300 points below fair value. This has the blue-chip index on track to pare the bulk of the gains from yesterday's trade-induced rally. Bank stocks are under the most pressure, after the yield on the 10-yearTreasury note fell below...Read More
Black Snow Capital founder Alexander Campbell foresees problems in the Chinese banking system leading to money-printing.He likes buying gold denominated in renminbi to take advantage of possible Chinese capital flight.As an alternative, he likes buying call spreads on the GLD ETF, with a long expiry. There is huge potential for an outflow of capital from China's banking system into gold, Black Sno...Read More
The U.S. Treasury yield has fallen below the S&P dividend yieldFor the longest time, it was generally accepted that bond yields would be higher than stock dividend yields. Stocks, through stock price appreciation, have potential for huge returns that aren't possible with bonds. Stocks have outperformed bonds over the long-term, and one of the costs of these higher returns was lower yields from sto...Read More
"#Stocks scored a broad-based rally after the US said it would delay and even remove some of Trump's threatened tariffs on Chinese goods, renewing hopes for a #trade agreement. How will this affect the #markets? Join the discussion here: https://t.co/cjU4KasPbQ #tradewar #trading"Read full newsRead More
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Aluminium premiums were flat across most regions in the week ended Tuesday August 13, except in Brazil, where the P1020A premium for S??o Paulo delivery ticked higher after three months with no changes. S??o Paulo premium ticks up on dissipating discounts Rotterdam premiums flat, trades thin US Midwest premium unchanged on seasonality MJP steady amid Japanese holidays.Delivered premium up in Brazi...Read More
A summary of base metals premiums from across the globe for the week to Tuesday August 13. Please click...Read More
Zinc's three-month price on the London Metal Exchange was higher at the close of trading on Tuesday August 13, appreciating by around 2.6% and settling above the $2,300 per tonne level in a continuing recovery, while strong buying in nickel saw its outright price closed in on the $16,000 per tonne resistance level. Volumes traded in zinc were low over the day's trading, with 7,700 lots exchanged b...Read More
A summary of base metals premiums from across the globe for the week to Tuesday August 13. Please click...Read More
Seaborne manganese ore prices continued to fall this past week amid rising risk aversion among Chinese buyers, partly due to the depreciation of yuan against the US dollar, while a weak alloys market also dampened consumers' appetite for seaborne cargoes. Seaborne low-grade, high-grade manganese ore prices continue to soften. Silico-manganese prices dip further in China. Indian silico-manganese pr...Read More
The Chinese ferro-silicon market softened over the past week in line with weaker demand, in turn fueling expectations of further price weakness in the near term.In Europe, however, the ferro-silicon market was steady after recording a small bounce in the prior week after suppliers held their offer prices ahead of expected uptick in demand. Chinese market prepares for further losses Europe awaits r...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday August 9. US Key drivers Excess supply endures, with contracted material, silicon-rich scrap alternatives and grade 5-5-3 increasingly coming to the United States from numerous overseas suppliers. Business remains subdued for automakers, lowering their demand for secondary aluminium...Read More
Key data from the pricing sessions in Asia and Europe in the week ended Friday August 9. China Key drivers The price of antimony MMTA standard-grade II, ddp China ended a month of stability last week, dropping after some domestic suppliers lowered their offer prices to secure sales. Concerns over the possible outflow of antimony stocks held in Fanya Metal Exchange warehouses in the nea...Read More
The price of ferrous scrap in Mexico's northern Monterrey region increased in the week ended Tuesday August 13, while prices in the southern Baj?-o region remained stable, Fastmarkets has learned.Fastmarkets' assessment for steel scrap No1 busheling, consumer buying price, delivered mill Monterrey, was 4,850 pesos ($248) per tonne on August 13, up from 4,700 pesos per tonne a week before, while th...Read More
The Turkish deep-sea scrap markets were unchanged today while trading paused in the country due to the Eid al-Adha religious holiday, sources told Fastmarkets on Tuesday August 13.The Turkish market and those in other Middle Eastern territories will be closed until August 15 for Eid al-Adha; no new cargoes are expected...Read More
The UK ferrous scrap market for deliveries to domestic consumers in August has settled with prices unchanged for the third month in a row, balanced between relatively tight supply and low key demand, Fastmarkets heard on Tuesday August 13.The uncertainty about underlying consumption in the UK and Europe, because of weaker manufacturing, helped to confirm the downward trend. And the weakness of ste...Read More