RSX is trying to push through the $24 regionThe VanEck Vectors Russia ETF (RSX) has been in focus multiple times in 2019, due to geopolitical developments, and the exchange-traded fund (ETF) is again making a big move today. RSX was last seen trading up 1% at $23.83, pacing for its best close in a month, likely thanks to buzz around Russia's agreement with Turkey to share Syrian territory, followi...Read More
Ford is lower after trimming its full-year guidanceWhile Tesla (TSLA) shocked the auto world with its earnings beat yesterday evening, Ford Motor Company (NYSE:F) hasn't been so lucky. Ford shares are down 7% to trade at $8.56, after the carmaker cut its full-year earnings forecast, citing weak demand in China and higher warranty costs. Also weighing on Ford is a 50-cent price-target cut to...Read More
The continued unpredictability of trade relations between China and the United States has made long-term planning harder for businesses, including mining companies.But what would happen to the mining sector if the trade wars were to end overnight?According to the heads of the world's largest miners, the impact would be smaller than one might expect.For starters, there would not be a sudden rush to...Read More
The retailer will report fiscal second-quarter earnings tomorrow morningOptions traders are blasting VF Corp (NYSE:VFC) today, as the retailer gets ready to report earnings tomorrow morning. At last check, 7,527 puts were on the tape, 37 times what's typically seen at this point, and a new 52-week peak. Call traders are busy, too, with around 2,400 contracts exchanged, quadruple the expected intra...Read More
Gold is the most effective commodity investment, yet it is under-invested, the WGC reports. What makes it special and deserving of our focus? And how to translate that focus into an appropriate allocation within one’s portfolio?Gold is Unique Commodity. Or… Maybe Not?Gold is often included into commodities. It seems natural, gold is a metal, after all. And just like other raw material...Read More
The study has 19 previous examples to take from, tooUnion Pacific Corporation (NYSE:UNP) has been strong in recent weeks, and today the shares have moved above the $170 level, last seen up 0.2% at $170.45. From a longer-term perspective, the stock recently pulled back to the 10-month moving average, which historically been a good time to go bullish on the freight concern. Schaeffer's Senior Quanti...Read More
Fastmarkets has identified several rounding discrepancies in its implied pellet premium historical prices between data published in the Excel file on the MB Iron Ore Index website; and those published in Price Book and distributed via the Excel Add-In. The Fastmarkets MB CFR China Implied Pellet Premiums are derived figures that are calculated by subtracting the weekly averages of the Fastmarkets...Read More
Sally Beauty has been suffering long term on the chartsShares of Sally Beauty Holdings, Inc. (NYSE:SBH) are down 1.2% at $16.20 this afternoon, reversing course after two-day climb up the charts, and a recent lift off their early September lows. Today's pullback may not be one-off, however, as data from Schaeffer's Senior Quantitative Analyst Rocky White, suggests a long-term bear signal may be f...Read More
3M's earnings report is weighing on the DowThe Dow Jones Industrial Average (DJI) is lower at midday, but has pared a triple-digit deficit at its session lows, as a dismal earnings report from 3M (MMM) offsets well-received quarterly reports from Microsoft (MSFT) and Dow Inc (DOW). The S&P 500 Index (SPX) is sitting just above breakeven, while the Nasdaq Composite (IXIC) is confidently higher...Read More
- RambusKeeping an open mind when it comes to trading the markets is paramount. If one gets locked into one scenario and refuses to acknowledge any other possibility you will eventually find yourself on the wrong side of the trade. Even though I have a ton of bullish charts for the PM complex I also have just as many charts which show possible negative price action.This last chart for tonight...Read More
- Avi GilburtThis market has been difficult for both the longs and the shorts for months now. While it has been unwilling to break down, it has also been equally unwilling to break out.What makes me scratch my head even more of late is that the Fed has come to the table with its "not-really-QE-4" of $60 billion a month. For those that remember, QE1 was approximately $100 billion a month on ave...Read More
By: Ira EpsteinGold continues of the path of trying to breaking down, $1475 area support on weekly chart. Gold in sideways market and difficult to read at times..Read More
Gold is not rising on higher chances that a US-China trade deal will be done next week. Federal Reserve is expected to cut interest rates next week. Brexit will also be on focus. Rest there are no new factors. A US-China trade deal can result in a short term correction in gold and silver. However I will prefer to use sharp dips to invest in gold and silver. To all my readers, I have been a hardc...Read More
The price of steel billet in the Turkish market increased over the past week because of tight supplies and rising imported scrap costs, sources said on Thursday October 24.Fastmarkets' weekly price assessment for steel billet import, cfr main port Turkey, was $380-385 per tonne on Thursday, up from the $365-380 per tonne.Mills in the Commonwealth of Independent States (CIS) region have increased t...Read More
Facebook and Alphabet will also report earnings Traders are gearing up for another busy few days of earnings, with Apple's (AAPL) quarterly report due right in the middle of the week. Fellow tech concerns Alphabet (GOOGL) and Facebook (FB) are also set to release their numbers, while reports from names like Merck (MRK) and Bristol-Myers Squibb (BMY) will put the healthcare sector in focus. The eco...Read More
Recently, Mark Zuckerberg appeared before the US Congress to discuss his new Libra project and to attempt to calm concerns related to his new global alternate currency project. It appears this project is putting global political leaders in a particularly powerful position of either accepting the Libra project as a viable future solution and implementing new laws and regulations in support of...Read More
Analysts are calling Neovasc and PDS Biotechnology a "buy"Penny stocks Neovasc Inc (NASDAQ:NVCN) and PDS Biotechnology Corp (NASDAQ:PDSB) are both on analysts' radars today, and soaring as a result. Specifically, H.C. Wainwright initiated coverage on Neovasc with a "buy" rating and a price target of $9 -- almost triple yesterday's close at $3.61. Likewise, Chardan initiated coverage on PDS Biotech...Read More
TSLA is on track for its best day since January 2012One of the top earnings winners this morning is Tesla Inc (NASDAQ:TSLA). The electric car concern reported adjusted third-quarter earnings of $1.86 per share, blowing past the estimated loss of 42 cents per share. The surprise profit beat was enough to overshadow a revenue miss, while CEO Elon Musk detailed a cheaper SUV rollout and revealed Tes...Read More
J.P. Morgan Securities downgraded the stock to "underweight"Shares of Acorda Therapeutics Inc (NASDAQ:ACOR) are plunging this morning, already down 13.9% to trade at $2.33. Acorda issued a double-whammy last night,sharing its corporate restructuring plan -- which includes a 25% cut to its workforce -- and unveiling lackluster third-quarter sales of Inbrija, its Parkinson's drug. As such, ACOR was...Read More