SHANGHAI, May 11 (SMM) – Both production and sales of vehicles in China saw month-on-month declines in April but maintained their stable year-on-year increases, according to data from the China Association of Automobile Manufacturers (CAAM).China’s vehicle sales reached 2.32 million units in April, down 12.7% from a month ago but up 11.5% from a year ago. This brought the January-April...Read More
A long call spread could be one possible way to trade the Chinese tech stockChinese internet stock Baidu Inc (NASDAQ:BIDU) was upgraded to "market perform" from "underperform" and saw its price target hiked to $305 from $240 at Bernstein. The brokerage firm projected 20% growth for the company following a recent string of divestitures -- including the sale of its food delivery firm to Alibaba's (B...Read More
The lack of activity in the South American market prevented flat steel import prices from changing this week, Metal Bulletin has learnt.Deals, bids and offers were not reported by regional market participants this week.As a result, Metal Bulletin's weekly price assessment for hot-rolled coil imports into South America was stable week-on-week on...Read More
The mega-cap stocks that dominate the US markets are just wrapping up a truly-extraordinary earnings season. Naturally this first quarter under Republicans' new corporate tax cuts fueled surging profits. But sales were up big too, which is no mean feat for massive companies. With sustained growth at this torrid pace impossible, peak-earnings fears are mounting. And valuations stayed extr...Read More
"Big Brother does not watch us, by his choice. We watch him, by ours. There is no need for wardens or gates or Ministries of Truth. When a population becomes distracted by trivia, when cultural life is redefined as a perpetual round of entertainments, when serious public conversation becomes a form of baby-talk, when, in short, a people become an audience and their public business a vaudeville act...Read More
HONG KONG/BEIJING (Reuters) - China’s central bank will maintain its neutral monetary policy and keep liquidity and credit growth largely steady while keeping the yuan currency basically stable, it said on Friday.The central bank’s surprising cut in reserve requirement ratios (RRR) on April 17 and growing fears of a trade war with the United States have fanned market expectations of lo...Read More
Stocks in our "Pharmaceuticals and Biotechnology" category have struggled in 2018President Donald Trump is expected to announce a plan to lower drug prices today, which should puthealthcare sector in focus on Wall Street. This group has struggled in 2018, illustrated by a recent email sent out by Schaeffer's Quantitative Analyst Chris Prybal showing the extreme underperformance of the 20 names tha...Read More
HighlightsLynette Zang, Chief Market Analyst at ITM Trading makes her show debut with in depth analysis on risk of impending global-hyperinflation. Thousands of years of monetary history reveals, only gold money is inflation resistant, unlike fiat currency that inevitably inflates away into oblivion. In only 100 years the purchasing power of the dollar has evaporated, data from the Federal Reser...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Spot iron ore prices strengthened on Friday after increases in the steel and futures markets, reaching values of more than $67 per tonne.BHP expects suppliers of high-quality steelmaking raw materials to benefit from the increase in Chinese steel capacity utilization rates and margins following the coun...Read More
In today's Crypto Audioblog, Andy Hoffman of CryptoGoldCentral.com and the World Crypto Network discusses the latest Mt. Gox Trustee-induced Bitcoin sell-off...and how it may not only be the biggest BEAR story of 2018; but ultimately, the biggest BULL story, too!Andrew ("Andy") Hoffman owns a subscription-based website, CryptoGoldCentral.com, which offers readers Andy's daily thoughts on cryptocur...Read More
What does the United State and ISIS have in common?Actually… a lot. According to the New York Times, ISIS started a pretty effective government. They now appear to be on their last legs. But for a time, ISIS had all the hallmarks of a typical government.They monopolized control in a geographical area. They collected taxes and administered government services. They provided internal security,...Read More
SD Friday Wrap: Here's a hint - It's where it was last week, and the week before, and the week before the week before. But there is good news...Silver had the audacity to break-out of its $16.20 to $16.80 range this morning:Not to fear!The cartel has fingers at the ready to apply pressure on the steady.And now we're right back into the bump and grind action playing pinball between the tight range...Read More
By Ira EpsteinBottom in metals?https://www.iraepstein.com/ Read More
By Steve St. AngeloMost Americans don't know, but the housing market is heading toward another epic bubble. However, the bubble forming today is much different than the subprime housing meltdown in 2007. Back in 2007, there was an oversupply of homes, whereas today there is a shortage. With more buyers than sellers bidding up prices, the U.S. median home price value hit a new record high o...Read More
LONDON (Reuters) - After the financial crisis rocked the framework of monetary policy, rate setters took to giving “forward guidance” to steady the ship, but the recent experience of British and Japanese central banks suggests it doesn’t guarantee a smooth journey.Just a few weeks ago markets and economists were convinced the Bank of England was all set to hike interest rates on...Read More
Concerns raised by an ex-employee initiated the probeShares of Symantec Corporation (NASDAQ:SYMC) are down 32.4% to trade at $19.72, fresh off a 23-month low of $18.85. The Norton antivirus software parent said its financial results and guidance could be adjusted pending an internal audit initiated by concerns flagged from a former employee -- though no further details were given. And while the co...Read More
Continue...Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In between his frequent travels, he has se...Read More
"By demonizing the police," right-wing commentator Tomi Lahren screeched this week while scolding celebrities for raising awareness about police violence, "you're putting the communities you claim to care about at risk because it's our officers who protect those communities and all communities."As it turns out, cops are putting communities at risks all by themselves. Here are ten instances ju...Read More
Earnings at Brazil-based Votorantim's long steel division, which comprises assets in Argentina and Colombia, increased by 2% year-on-year in the first quarter of 2018, with growth in revenues mostly offset by higher costs.Adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) came to 45 million Reais ($12.59 million) in January-March, against 44 million Reais a year befor...Read More