Analysts remain skeptical of the beverage giant, thoughA big earnings winner this morning is The Coca-Cola Co (NYSE:KO), up 4.9% to trade at $53.71, and earlier tapped a new record high of $53.71. The beverage giant reported second-quarter adjusted earnings of 63 cents per share on $10 billion in revenue, both topping analyst expectations of 61 cents and $9.9 billion, respectively. Coca-Cola als...Read More
SPOT options traders are heavily call-skewedSpotify Technology SA (NYSE:SPOT) just received a bullish note from brokerage firm Macquarie. Analysts there began coverage with an "outperform" rating and $200 price, well above Monday's close of $146.76. The note suggested SPOT shares are undervalued and the streaming music company has been underestimated by Wall Street. While most analysts covering Sp...Read More
Conagra stock has struggled on the charts over the past yearPackaged foods name Conagra Brands Inc (NYSE:CAG) has struggled to grasp a positive footing on the charts. The security has shed 20% over the past 12 months, and is trading near its pre-earnings gap close from late June, as well as its 2013 highs. In other words, now looks like the perfect time to buy puts. More than 8,400 July 28 puts ex...Read More
Dow stocks Coca-Cola and United Technologies posted quarterly earnings beatsDow Jones Industrial Average (DJI) futures are trading more than 100 points above fair value this morning on a flurry of impressive earnings reports from blue chips. Specifically, Coca-Cola (KO) announced a top- and bottom-line beat for the second quarter and lifted its full-year revenue forecast, while United Technologies...Read More
Bearish traders have been targeting Yeti in recent weeks, thoughAnalysts are overwhelmingly bullish on Yeti Holdings Inc (NYSE:YETI) ahead of the company's second-quarter earnings report, due out before the open next Thursday, Aug. 1. While 10 of 11 covering firms maintain a "buy" or better rating on the stock, the average 12-month price target of $36.92 is a 14.4% premium to last night's close at...Read More
Gold and gold mining stocks are on the rise and should continue to rally as interest rates fallRead full newsRead More
* GRAPHIC-2019 asset returns:* LME nickel stocks touch lowest since January 2013 (Adds closing prices)By Zandi ShabalalaLONDON, July 23 (Reuters) - Nickel slipped on Tuesday andanalysts said prices that were still near one-year highs for themetal used to make stainless steel were not supported by mostfundamentals.Benchmark nickel on the London Metal Exchange (LME)ended 0.9% lower at $14,170 per to...Read More
(Adds details)MILAN, July 23 (Reuters) - Italy's depositor protection fundon Tuesday kicked off a 900 million euro rescue process fortroubled bank Carige via the conversion of around 313million euros ($350 million) of a bond into shares.Genoa-based Carige, weakened by decades of mismanagement, risks collapse as a result of bad loans accumulated duringItaly's recession that followed the global fina...Read More
Plenty of choices when it comes to gold ETFs.The Perth Mint rolls out its new product.A competitive expense ratio.Timing is everything.Gold continues to shine.Gold traded in a $331.30 range from 2014 through June 2019. After the June Fed meeting, the price broke out to the upside and was trading at over $1425 per ounce on Friday, July 19. The Perth Mint opened in 1899 after the discovery of gold d...Read More
"$ZION - Zions Bancorporation, National Association (ZION) CEO Harris Simmons on Q2 2019 Results - Earnings Call Transcript https://t.co/3x1kVI16X5"Read full newsRead More
Nickel's three-month price on the London Metal Exchange fell by 3% over the afternoon but held above the $14,000 per tonne support level at the close of trading on Monday July 22, while a predominantly negative complex was upended by tin's 1.3% climb. Nickel's three-month price closed at $14,300 per tonne, while tin futures closed slightly higher on the day at $17,900 per tonne, having reached an...Read More
Fastmarkets has changed the frequency of publication of its fob Guinea and fob Brazil bauxite price assessments to monthly from fortnightly. Following a one-month consultation, the Bauxite, fob Kamsar, Guinea and Bauxite, fob Trombetas, Brazil price assessments will now be published on the third Thursday of every month at 2-3pm London time. The next publication of these prices will be Thursday Aug...Read More
The premium for aluminium billet in Italy has fallen to its lowest in over two years due to aggressively low offers from suppliers and continued poor demand. Fastmarkets assessed the aluminium 6063 extrusion billet premium, ddp Italy (Brescia region), at $330-350 per tonne on Friday July 19, down from $340-360 per tonne the previous week. This is lowest since January 20, 2017, when it was $330-340...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average wavered before ending higher Monday as investors prepared for a week of earnings reports and tried to read the Federal Reserve's thinking on whether it will to slash interest rates by 25 basis points or 50 basis points. Shares of Walt Disney (DIS) rose after the media giant's "The Lion King" took in $18...Read More
Fastmarkets has changed the frequency of publication of its fob Guinea and fob Brazil bauxite price assessments to monthly from fortnightly. Following a one-month consultation, the Bauxite, fob Kamsar, Guinea and Bauxite, fob Trombetas, Brazil price assessments will now be published on the third Thursday of every month at 2-3pm London time. The next publication of these prices will be Thursday Aug...Read More
Key data from the pricing sessions in Asia for the week ended Friday July 19.Key drivers- Bismuth prices rebounded after hitting a decade low at 40,500-41,500 yuan ($5,884-6,029) per tonne on July 12. - Some traders reckon that tight supply supported spot prices above 41,000 yuan per tonne...Read More
Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets MB. Fastmarkets MB prices Click here for Fastmarket MB's price assessment for cobalt sulfate 20.5% Co basis, exw China, yuan/tonneClick here for Fastmarket MB's price assessment for the cobalt sulfate 20.5% Co basis, adjustment to standard-grade cobalt low-end price, exw China, $/IbClick here...Read More
The Turkish domestic scrap markets remained mostly quiet last week due to the slow finished steel markets and the seasonal summer slowdown, sources said on Monday July 22.Steel mills kept their buy prices for auto bundle scrap flat, and ship scrap prices were also stable.Fastmarkets' weekly price assessment...Read More
A Turkish steel mill has completed the purchase of a new deep sea cargo, moving import prices into the country upward, sources told Fastmarkets on Monday July 22.News of this cargo came to light on Monday but it was reported to have sold on July 19.A steel mill in the Marmara region bought a Baltic Sea cargo comprising 30,000 tonnes of HMS 1&2 (80:20) at $295...Read More
Rising tension over Iran and a reduction in expectations on the size of the next US Federal Reserve rate cut were weighing on sentiment this morning, Monday July 22.Last week the market started to price-in a 50-basis-point cut in the US benchmark interest rate at the Federal Open Market Committee's (FOMC) July 30-31 meeting, but now a 25-basis-point cut now seems more likely.Tensions in the Middle...Read More