Around 30,000 KHC options crossed in the first 20 minutes of trading todayKraft Heinz Co (NASDAQ:KHC) stock is down 12.9% to trade at $26.89 -- fresh off a record low of $26.05 -- after the food company said it would delay its 10-Q second-quarter filing amid a Securities and Exchange Commission (SEC) investigation. Kraft also disclosed write-downs totaling $1.2 billion in its preliminary first-hal...Read More
Cronos reported a surprise profit for its second quarter Canada-basedCronos Group Inc (NASDAQ:CRON) joined this week's earnings parade, posting a surprise second-quarter profit and revenue that beat expectations. What's more, the company said cannabis sales tripled during the last quarter, thanks to last year's legalization of recreational marijuana use in Canada, and it expects the U.S. market to...Read More
Bearish signals continue to dominate our short report, with eight names having bearish setups in the top ten most-shorted list. Although our signals still point to a potential short squeeze in oil patch names Paramount Resources (POU) and Bonterra Energy (BNE), the oil price is not cooperating. As such, the shorts appear to have the wind at their backs as we head into the home stretch this summer...Read More
CHK has struggled on the charts long termOklahoma-based Chesapeake Energy Corporation (NYSE:CHK) is moving higher this morning, despite receiving a bear note from Raymond James. The firm downgraded to "market perform" from "outperform," and UBS just came with with its price-target cut to $1 from $1.60 -- though the stock seems unaffected, last seen 1.4% higher right before the open, a move that w...Read More
Oil prices and the 10-year Treasury yield are bouncing back Dow Jones Industrial Average (DJI) futures are comfortably above fair value this morning, with the blue-chip index stabilizing after yesterday's volatile trading day. The upside comes after the People's Bank of China (PBoC) set the yuan's reference point higher than analysts were expecting, though still at its weakest point since 2008, an...Read More
The Environmental Protection Agency said it would withdraw its option to veto the proposed Pebble mine, which opponents say would endanger the Bristol Bay salmon fishery.Read full newsRead More
(Bloomberg) -- The largest exchange-traded fund that tracks gold miners attracted the most speculators in the latest sign of growing interest in the precious metal.VanEck Vectors Gold Miners ETF's call and put options open interest, a tally of outstanding contracts, is hovering near an all-time highRead full newsRead More
Gold and the related exchange-traded funds are breaking out and miners are going along for the ride. With the yellow metal residing at multi-year highs, investors are pouring gold miners exchange-traded funds, good news for some of the leveraged funds in the group. Of course, the Direxion Daily Junior Gold Miners Index Bull 3X Shares JNUG, -5.11% is getting in on the act. JNUG, which tries to deli...Read More
Last October, LBMA analysts released an unusually bullish price target for gold based on general economic fears and potential dollar weakness.Gold has risen in 2019 for slightly different but related reasons - trade tensions with China, negative interest rate debt, and deepening signs of world recession.Banks have turned very bullish on gold, with Bank of America throwing down a potential $2000 ta...Read More
SINGAPORE - Nickel prices shot up on Thursday, with London nickel set for its biggest one-day gain in a decade and Shanghai nickel touching a record high amid worries that major supplier Indo...Read full newsRead More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
Wednesday was a big day in metals; the $30 per ounce rally is just the latest expression of global fear sparked by escalation of the tariff war with China.With Europe flat on its back and the euro weak, gold and (finally!) silver appear to be the only reasonable alternatives left to those wishing to diversify out of the dollar.This is why we expect the rally in both metals to continue.It was a big...Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans") is pleased to announce CEO and Founder, Traci Costa, will be participating in the year-long Canaccord Genuity Advisory Program for Women Entrepreneurs. Out of the numerous nominations and applications, the five women selected will receive one-on-one mentorship from Canaccord's advisory group, as wel...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 7.Please click...Read More
Nickel's three-month price on the London Metal Exchange rallied by around 3% after the close of trading on Wednesday August 7, reaching a year-to-date high of $15,500 per tonne in what market participants labelled a broadly technical move.The metal's three-month price settled at $14,810 per tonne by the 5pm close on Wednesday, but was subject to a sudden bout of fresh buying at 5:30pm London time,...Read More
The weaker aluminium premium in the US Midwest reduced the arbitrage opportunities between Southeast Asian warehouses over July, Fastmarkets learned.The aluminium premium in the United States continued to dip into August as well, hitting its lowest since last March.Fastmarkets' assessment of the monthly average midpoint for the aluminium P1020A premium, ddp Midwest US was at $401.02 per tonne...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average climbed out of a nearly 600-point drop to finish mixed, a wild trading day sparked by fears over the U.S.-China trade war. Walt Disney (DIS - Get Report) shares fell after the media powerhouse posted weaker-than-expected third-quarter earnings. Walt Disney is Real Money's Stock of the Day....Read More
Glencore has further cut its copper guidance for 2019 amid a slide in the red metal price, citing a slower-than-expected ramp-up in African copper operations, the trader-miner said on Wednesday August 7. Glencore has reduced its 2019 full-year copper guidance to 1.4 million tonnes, according to its half-year results report released on Wednesday. The reduction comes from a 50,000-tonne cut in the o...Read More
Key data from Fastmarkets' Wednesday August 7 pricing session in Europe:Key drivers Ferro-titanium suppliers increase offer prices, with the range moving slightly higher at the top end, although overall business conditions are quiet given the time of year. At present there is tight availability on a spot basis and an increase in buying inquiries for August and September, although consumer demand i...Read More
Ferro-chrome market conditions will remain challenging in the near term due to oversupply and macroeconomic factors, Glencore warned on Wednesday August 7.The trader-miner noted an average charge chrome price of 81 cents per lb in the first half of 2019, referencing Fastmarkets' ferro-chrome index 50% Cr import, cif Shanghai, $/Ib contained Cr, down by around 16% year on year.The index has held at...Read More