Ralph Lauren reported a larger-than-anticipated fiscal fourth-quarter lossThe shares of Ralph Lauren Corp (NYSE:RL) are down 0.2% at $81.18 at last check, after the retailer reported a steeper-than-anticipated fiscal fourth-quarter loss. Today's damage has been contained though, after CEO Patrice Louvet predicted that the company's growth in China will return to pre-COVID-19 levels by the second q...Read More

Papa John's options are relatively cheap right nowAlthough disrupted in mid-March like most of the broader market, Papa John's International, Inc. (NASDAQ:PZZA) has quickly rallied off its aforementioned $28.55 low and now sports a 23% year-to-date gain. Ahead of the market crash, PZZA was relatively consistent since mid-2019 and now is charging higher, making it the perfect time to buy calls....Read More

Puts are running at two times their average daily volume todaySoftware development name Atlassian Corporation PLC (NASDAQ:TEAM) is taking a breather on the back of today's tech sector selloff. At last check, the stock is off 5.4% at $163.58, eyeing its second consecutive close below the 10-day moving average, which guided TEAM to its May 15 record high of $190.21 and acted as a floor in the weeks...Read More

The stock market is mixed at midday as tech stocks weigh The Dow Jones Industrial Average (DJI) is up around 170 points midday as positive economic data continues to roll in. Specifically, April new home sales beat expectations and states continue to ease lockdowns across the country, sending varioustravel-related stocks higher. However, today's drop in big tech has the S&P 500 Index (SPX) and...Read More

Tesla is cutting North American and Chinese prices by as much as 6%The shares of Tesla, Inc. (NASDAQ:TSLA) are down 0.3% to trade at $818.87 at last check, after the electric vehicle maker announced on Wednesday it will cut North American and Chinese prices by as much as 6%, to fight a coronavirus-related decline in demand. Though Tesla was temporarily forced to stop work at its Fremont, Califor...Read More

Comparable-store sales in the U.S. rose by 14% during the first two months of the current quarterThe shares of Domino's Pizza, Inc. (NYSE:DPZ) are up 0.8% to trade at $363.38 after the pizza chain said it saw a 14% bounce in same-store sales in the U.S. during the first two months of its current quarter, while its international sales rose just 1% in the same time period. The news sparked no less...Read More

TSCO has nearly doubled off its March lowsThe shares of Tractor Supply Co (NASDAQ:TSCO) are up 4.3% at $115.92 at last check, and earlier hit a new record high of $115.99, after the farm equipment company provided a second-quarter forecast that topped analyst expectations. Along with the upbeat forecast, TSCO also announced a mobile app and a website relaunch featuring new capabilities such as zer...Read More

Boeing is expected to announce over 2,500 voluntary layoffs byFridayThe shares of Boeing Co (NYSE:BA) are up 3.1% at $142.27 this morning on news the aerospace giant will announce around 2,500 voluntary job cuts this week, according to a spokesman for the Society of Professional Engineering Employees in Aerospace (SPEEA) union. This round of layoffs is the first in a larger plan to lower its rough...Read More

Tensions with China over Hong Kong persist, thoughAfter a hot start to begin the holiday-shortenedweek, Dow Jones Industrial Average (DJI) futures are soaring once again, as investor optimism builds surrounding the reopening of the economy. Shares of airlines and cruise lines lead the premarket gains, asvarious states begin to roll back lockdown restrictions put in place to combat the coronaviru...Read More

Turkey has told the World Trade Organization (WTO) that it is planning to impose import duties on certain steel products from the European Union.On Monday May 25, Turkey informed the WTO that it plans to impose an additional duty of 9-17% on steel product imports from EU. The products to be affected are hot-rolled flat steel under HS code 7208, cold-rolled flat steel under HS code 7...Read More

SPX returns are typically bearish when in current choppiness rangeThe Choppiness Index, an oscillator index used to measure how the market is trending (regardless of direction) or going sideways, is relatively new to me. It was created by Australian commodity trader E.W. Driess, and today we will analyze how it works on the S&P 500 Index (SPX).Due to the last few months of coronavirus turmoil, it...Read More

By: Gary SavageI warned you about this situation. Gold's option expiration on Tuesday. Usually see an attack. The triangle consolidation pattern was blocked and not allowed to get follow-through, the technical will transform into a box:https://blog.smartmoneytrackerpremium.com/Read More

By: Ira EpsteinGold dropped because of the strong equity markets, but not the tech sector -- stalling. Gold's trend is down in the short-term:Read More

Spot gold is higher than comex gold futures after a very long-term time. Silver, copper and crude oil will remain firm on demand outlook and mine supply pressure. Trend of all metals, energies and US dollar Index till 2nd June can be misleading. Trend between 3rd June to 17th June will be sustainable. COVID is getting less attention now. Focus is on jobs and economy. COVID infections once world...Read More

Though gasoline demand remains historically weak, commuters are beginning to head back to their offices, opting for the isolation of their personal vehicles and abandoning public transit, reports McAlinden Research.Saudi Arabia enhanced their commitment to OPEC+ supply cuts as the Kingdom said they'd shut production of additional 1 million barrels of crude oil per day next month. Most of the OPEC+...Read More

The annual sitting of the National People's Congress of the People's Republic of China and the Chinese People's Political Consultative Conference - widely known as the 'twin sessions' - in Beijing released a series of stimulus packages for the development of China's economy amid the Covid-19 pandemic.Market participants harbor mixed sentiment over the impact of the policy measures. Here are eight...Read More

China is considering setting up a national iron ore fund to support the development of its domestic iron ore production, China Iron & Steel Association (Cisa) chairman He Wenbo said.The fund will use an estimated 90 billion yuan ($12.57 billion) from tax levies to support domestic iron ore development and ensure that China is capable of meeting up to 20% of its total iron ore demand.Income tax fro...Read More

Here are five Fastmarkets stories you might have missed on Wednesday May 27 that are worth another look.The annual sitting of the National People's Congress of the People's Republic of China and the Chinese People's Political Consultative Conference - widely known as the 'twin sessions' - in Beijing released a series of stimulus packages for the development of China's economy amid the Covid-19 pan...Read More

The Iranian export billet and slab market gained further ground in late May, supported by fresh bookings at higher price levels.Some market participants noted that customers, particularly in Southeast Asia, were interested in Iranian billet due to quicker delivery times compared with other suppliers - particularly those in the Commonwealth of Independent States.In China, Iranian billet w...Read More

An overview of the minor metals markets and the reasons for their latest price moves.Read More