At least 60 food-processing facilities outside the meatpacking industry have seen outbreaks, with over 1,000 workers infected with the virus, according to a new study from Environmental Working Group.Continue...Read More

Updated analysis of Gold and GDX against the Stock Market.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers glob...Read More

Instead of buying the dip as the gold market trades sideways within a two-month-long holding pattern, he is waiting for the breakout to jump into gold.Continue...Read More

Although the gold to silver ratio has tightened a bit, it remains elevated and could indicate more upside for silver, according to McAlinden Research Partners. Silver and silver miners popped in May on the back of a rebound in industrial activity around the world. Ultra-low interest rates and expectations of a weaker dollar have compounded several political pressures that begun popping up at the...Read More

Ron Struthers of Struthers' Resource Stock Report considers the current outlook for miners in Nevada and highlights ProAm Explorations, which he believes is a bargain primed for advancement. We are entering into a new gold and gold mining bull market. I expect this will go down as the biggest gold bull market in history, with record paper currency printing. It is coming off the bottom of the wors...Read More

The Nasdaq closed above 10,000 for the first time everAnother big day for the Nasdaq -- the index managed to lock in a close above 10,000 for the first time ever -- driven by a surge out of the tech sector. Meanwhile the S&P 500 erased earlier gains, while the Dow ended the day 280 points lower, after the Federal Reserve said it will keep interest rates near zero until there is confidence the eco...Read More

Adobe is set to post earnings after the close tomorrowComputer software name Adobe Inc (NASDAQ: ADBE) is up 2.8% to trade at $408.15 this afternoon, after clocking its fifth consecutive all-time high of $407.06 earlier today. The positive price action comes just one day ahead of its fiscal second-quarter earnings report, which is due out after the close tomorrow, June 11. Adobe stock's impressi...Read More

US sanctions against Islamic Republic of Iran Shipping Lines (IRISL) and its Shanghai-based subsidiary, E-Sail Shipping Co, are unlikely to have an impact on steel freight costs, sources told Fastmarkets on Wednesday June 10.The US Treasury Department 8 designated 121 tankers, container ships and other vessels owned or tied to Iranian shipper IRISL for additional secondary sanctions, which came in...Read More

Transocean options are trading at three times the average intraday volumeOil and gas drilling company Transocean Ltd (NYSE:RIG) is taking a steep fall on the charts today -- alongside much of the energy sector -- pulling back after the Organization for Petroleum and Energy Countries' (OPEC) production cut announcement caused a Monday surge. RIG is down 13.3% to trade at $2.48 at last check, headin...Read More

Plus, HRL options are affordably pricedThe shares of Hormel Foods Corp (NYSE:HRL) nabbed a record high of $51.53 on march 18 while most of U.S. equities were selling off. Today, the company entered into an underwriting agreement according to the Securities and Exchange Commission (SEC), while Vice President James M. Splinter sold 40,000 shares of HRL, according to an SEC filing. As HRL continues...Read More

ZS' options can be had for a bargain at the momentWhile software name Zscaler Inc (NASDAQ:ZS) has taken a breather since its well-received earnings report sent it soaring to fresh highs earlier this month, there's plenty of evidence ZS is primed for another rally. For one, ZS' post-earnings bull gaps have often been followed by a brief pullback, plus, this most recent breather has found some suppo...Read More

A big drop for Boeing is dragging the blue-chip index lowerThe S&P 500 Index (SPX) has erased its earlier gains to join the Dow Jones Industrial Average (DJI) in the red this afternoon, as investors anticipate the latest economic update from the Federal Reserve due out latertoday. The blue-chip index is off over 200 points, dampened by Boeing's (BA) 6% midday deficit. Tech stocks, meanwhile, are...Read More

ABBV hit an 18-month high out of the gate todayThe shares of biopharmaceutical company AbbVie Inc (NYSE:ABBV) are up 2.1% at $98.16 at last check, after announcing an oncology collaboration with Genmab (GMAB). The companies will work together to develop three of Genmab's bispecificantibodies, as well as a collaboration for future antibody therapeutics to treat cancer. AbbVie will pay Genmab $750...Read More

The hospitality giant is adding Luxor, Mandalay Bay, Four Seasons Las Vegas and ARIA to the list of open resortsThe shares of MGM Resorts International (NYSE: MGM) are down 4.5% at $21.04 this morning, after the hospitality giant announced it would open more resorts by July 1, including Luxor, Mandalay Bay, Four Seasons Las Vegas, and ARIA. Guests will be able to enjoy the pool areas and fine din...Read More

Workers of Tata Steel Netherlands started industrial action after their ultimatum expired and the company's management failed to reach consensus with their workers' representatives, trade union FNV Metaal said on Wednesday June 10. Workers at the ore preparations of Tata Steel's Dutch asset in IJmiuden left their work at 2pm today local time, stating that Tata Steel failed to comply with their dem...Read More

GameStop's first-quarter profits and revenue were worse than Wall Street expectedThe shares of GameStop Corp. (NYSE:GME) are exploring both sides of the breakeven this morning, last seen up 1% at $5.04, after reporting first-quarter losses of $1.61 on revenue of $1.02 billion -- both of which were well below Wall Street's estimates. Additionally, the video game retailer saw same-store sales fall...Read More

Best Buy will bring back over 9,000 of its workers who were furloughed in mid-AprilTech retailer Best Buy Co Inc (NYSE:BBY) announced last night that starting June 15, customers will be able to shop in 800 of its locations without an appointment, though a limited number of people will now be let inside. The company also said it planned on bringing back over 9,000 of its employees who have been fur...Read More

Tech stocks are building on Tuesday blistering run higherFutures on the Dow Jones Industrial Average (DJI) are slowly climbing above fair value this morning, as investors await the Federal Reserve's update and subsequent press conference from Fed Chair Jerome Powell later this afternoon. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also hovering in the black ahead of the open, with t...Read More

An expected shortfall in Brazilian supply of high-grade iron ore will likely result in 2020 becoming a boom year for Australian miners.While Brazilian miner Vale, a key producer of high-grade iron ore fines and pellets, is maintaining its production guidance despite a suspension of operations at its Itabira mining complex, many market participants in Asia are expecting a shortage of Brazil-origin...Read More

Nasdaq returns are typically bullish after V-bottomsThis Monday, the Nasdaq Composite (IXIC) reached a new all-time high, completing the V-Bottom. Looking at the chart below, it is clear how the V-Bottom got its name - the sharp fall and quick recovery resembles a V on the chart. As I often do, this week I will be looking at past occurrences of V-Bottoms to see how it has performed going forward....Read More