Roku stock is trading higher middayThe 20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days, with data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Stocks highlighted in yellow are new to the list. One newbie that sticks out in particular is Roku Inc (NASDAQ:ROKU). Below, we'll take a closer look at the options act...Read More

AMC is now up over 120% for the monthThe shares of AMC Entertainment Holdings Inc (NYSE:AMC) are soaring, up 40% to trade at $5.69, the top performer on the New York Stock Exchange (NYSE) today. This comes amid reports that Amazon.com (AMZN) is considering buying what is currently the world's largest cinema chain, although it is unclear if talks are ongoing. The cinema company had been in discuss...Read More

Euronav just pulled back to a bullish trendline on the charts The roller coaster oil prices have been on lately has taken Belgium-based crude name Euronav NV (NYSE:EURN) on a volatile ride in recent weeks. The shares enjoyed a volatile climb higher in April, before coming to a head just south of the $12.50 region. It's been a steep slide since, though the pullback has put EURN right in-line with...Read More

The Dow is down around 160 points midday The Dow Jones Industrial Average (DJI) is down over 160 points midday, with Wall Street wary surrounding the "reopening" of the economy -- made worse by a second wave of coronavirus cases in South Korea. The S&P 500 Index (SPX) is also modestly in the red, while on the flip side, tech-heavy Nasdaq Composite (IXIC) is eking out gains thanks to a rise in FA...Read More

Marriott's first-quarter earnings fell well below analysts' estimates Marriott International Inc (NASDAQ:MAR) is sinking even deeper into the red at midday, down 5.6% at $82.40 at last check, following the hotel name's first-quarter earnings report, which came in well below analysts' estimates. While its revenue report topped expectations, the firm said it suffered a roughly 90% drop in revenue pe...Read More

A second wave of Covid-19 infections will hit the global commodities markets even harder than the initial outbreak, market sources told Fastmarkets on Monday May 11.Five new infections have surfaced in the Chinese city of Wuhan where the outbreak first came to light, while 11 new cases have been recorded in Shulan city in Jilin province. And in the South Korean capital Seoul, the authori...Read More

Stifel raised its price target on WM to $115 from $110The shares of Waste Management, Inc. (NYSE:WM) are down 1.1% to trade at $99.72 this morning after the firm said it would start seeking higher fees for its home trash pick up, as demand surges due to shelter-in-place orders. Waste Management's CFO Devina Rankin added that residential trash volume has surged 15% to 25% since lockdown measures we...Read More

Tonight I would like to focus in on silver which remains one of the best bargains in the PM complex right now. When I first became acquainted with the PM complex back in early 2002 I learned quickly that just because gold may have had a good rally sometimes the PM stocks move very little which was confusing to me as I thought they should move in tandem. Then there were other times when the PM stoc...Read More

The value added tax (VAT) rate in Saudi Arabia will increase to 15% - from the current 5% - in effect from July 1, the Saudi Arabian Ministry of Finance announced on Monday May 11.The country had initially imposed 5% VAT from January 1, 2018 alongside the United Arab Emirates (UAE) - forthe first time in the history of the two countries.Saudi Arabia's Ministry of...Read More

SNE is up 31% since its March lows at $50This morning, Sony Corp (NYSE:SNE) suspended its PlayStation Store in mainland China, in an attempt to improve the online store's security. As a result, Sony will temporary miss out on sales in the world's largest video game market. Although there was no specified reopening date, the shares of Sony stock are up 0.3%% to trade at$65.75.During the broad mark...Read More

Wall Street could still be smarting from Friday's historic jobs reportDow Jones Industrial Average (DJI) futures are stuck in the red to begin the week, as plans to reopen the economy are met with concern over new COVID-19 cases. Investor jitters are being stoked by spiking infections in South Korea, after a second wave of the coronavirus hit once the country started to reopen its economy. Future...Read More

For many years now, metals traders and enthusiasts have been patiently waiting for the move in Silver that we feel its eventually going to happen.  There is almost a ritual process in the metals market that takes place when a crisis happens.  We’ve written about this in a past article and we’ve highlighted how we believe Silver is one of the absolute best opportunities if/onc...Read More

Fastmarkets will host a steel webinar with the Singapore Exchange (SGX) on Tuesday May 19 that covers the latest developments and outlook for the industry.The two-hour webinar from 3-5pm Singapore time will delve into price analyses and market outlook by Fastmarkets' editorial and research teams. These will include the impact of Covid-19 on steel supply chains, developments and the outlook for Chi...Read More

Here are five Fastmarkets stories you might have missed on Monday May 11 that are worth another look.A second wave of Covid-19 infections will hit the global commodities markets even harder than the initial outbreak, market sources told Fastmarkets on May 11.The London Metal Exchange will not rush back into trading on the open outcry ring and is happy with the effectiveness of the current ele...Read More

Singapore energy trader ZenRock engaged in "dishonest practices", according to court filings made by HSBC to seek to remove the company's management and appoint auditor KPMG in charge. Court documents seen by Fastmarkets detail what HSBC describes as "a series of highly dishonest transactions," where ZenRock used the same cargo of crude oil to obtain at least two, but potentially several, lots of...Read More

TECHNICAL SCOOPCharts and commentary by David ChapmanChief Strategist, Enriched Investing Inc.Phone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12May 11, 2020 "The dead outnumber the living fourteen to one, and we ignore the accumulated experience of such a huge majority of mankind at our peril." Niall Ferguson, Scottish born historian, senior fellow...Read More

By Rob KirbyIn recent interviews I have "borrowed" a descriptive I originally heard from Chris Martenson explaining the effect of compound interest and exponential growth. The descriptive involved picturing Yankee Stadium and beginning with a drop of water and doubling the amount of water until the stadium was full. Regarding the compounding visual - I misspoke somewhat when I originally exp...Read More

By Stefan GleasonThe forces of deflation and inflation continue to tug at the economy simultaneously.The pressures on both sides are huge.On the deflation side, jobs, industrial demand, and the small business lifeblood of communities are contracting at an unprecedented pace. Meanwhile, trillions in credit card, auto, student loan, and mortgage debt that props up consumer spending and home values...Read More

The deflation and depression is right here, right now, and if you don't believe that, try asking some of the 30 million people who just lost their jobs in the US or those who (used to) work in the catering and tourism industries.The Fed is reacting to this situation by working to create hyperinflation because it finds it preferable to a deflationary implosion. There are two reasons for this - on...Read More

By Gary TanashianAs we noted in March while it was happening the sentiment environment became terror-stricken. Not fearful. Not over-bearish. Not even a contrarian extreme. Market sentiment was marked by full frontal terror as indicator after indicator (ref. Sentimentrader's historic readings week after week) got slammed to epic over-bearish proportions.Into the breach sprang the Treasury (i.e....Read More