What the recent spike in put buying could mean for the S&PAs Schaeffer's Senior V.P. of Research Todd Salamone pointed out in this week's Monday Morning Outlook, equity option buyers have soured on the market amid the latest post-rate-hike hangover for stocks. In reaction to the recent sell-off on Wall Street, "this group was buying equity put options relative to call options at a rate similar to...Read More

Anglo American Plc will dig more platinum than expected this year, while diamond production from its De Beers business will be at the top end of its guidance range.The century-old mining company released its production results for the third-quarter Tuesday. While there were no major surprises, there was also no new information on its suspended Minas Rio iron ore mine in Brazil that's scheduled to...Read More

German newspaper Bild am Sonntag has reported that Audi has hit a snag in its battery supply chain. LG Chem is looking to increase the price of its batteries 10% due to high demand for its automotive batteriesRead full newsRead More

eBay reports earnings next weekeBay Inc (NASDAQ:EBAY) keeps sinking to new lows and analysts continue to cut their outlooks on the stock. Since yesterday's close, EBAY has been hit with no fewer than eight bear notes, including a downgrade to "sector perform" from "outperform" at RBC, which lowered its price target by $13 to $34. Meanwhile, Susquehanna, Raymond James, SunTrust Robinson, and Jeffer...Read More

Mr. Jeff Chisholm reportsPAN ORIENT ENERGY CORP. L53-DD1 THAILAND OIL DISCOVERYPan Orient Energy Corp.'s L53-DD1 exploration well has encountered an interpreted and combined 26 metres of net oil pay within three separate sandstone reservoirs between a true vertical depth of 960 metres to 1,125 metres. This interpretation was based on conventional open-hole wireline logs and hydrocarbon indication...Read More

Mr. Jeff Chisholm reportsPAN ORIENT ENERGY CORP. L53-DD1 THAILAND OIL DISCOVERYPan Orient Energy Corp.'s L53-DD1 exploration well has encountered an interpreted and combined 26 metres of net oil pay within three separate sandstone reservoirs between a true vertical depth of 960 metres to 1,125 metres. This interpretation was based on conventional open-hole wireline logs and hydrocarbon indication...Read More

(Reuters) - United Technologies Corp (UTX.N) reported a better-than-expected quarterly profit and raised its full-year profit forecast on Tuesday as it benefited from higher sales of aircraft parts, driven by record production at planemakers Boeing and Airbus.A boom in air travel on the back of an improving global economy has boosted profits at major suppliers United Tech and Honeywell (HON.N).Uni...Read More

RIYADH (Reuters) - Saudi Arabia signed deals worth $50 billion on Tuesday, showing it can still attract investment at a conference boycotted by Western politicians and global business chiefs after the killing of journalist Jamal Khashoggi.The Saudi cabinet, after a meeting headed by King Salman on the same day, promised to hold to account those who where responsible for Khashoggi’s death and...Read More

The struggling FAANG stock is at risk of more bearish brokerage notesJefferies cut its price target on Facebook, Inc. (NASDAQ:FB) to $200, though the brokerage firm reiterated its "buy" rating on the FAANG stock. This relatively bearish analyst note comes ahead of Facebook's earnings report, due after the close next Tuesday, Oct. 30, and -- alongside stiff broad-market headwinds -- has FB shares t...Read More

South Korea's top steelmaker POSCO posted its highest quarterly profit since 2011 and said it expected sales revenue for all of 2018 to be lifted by higher steel prices.The world's fifth-largest steelmaker raised its revenue outlook for the full-year to 64.8 trillion won ($57.0 billion) from its previous forecast of 64.1 trillion won in July, POSCO said in its filing on Tuesday.POSCO's revenue in...Read More

(Reuters) - Wall Street opened sharply lower on Tuesday as disappointing earnings from industrial bellwethers Caterpillar and 3M piled on to concerns over Saudi Arabia’s diplomatic isolation, Italy’s finances and trade war fears.The Dow Jones Industrial Average .DJI fell 278.95 points, or 1.10 percent, at the open to 25,038.46.Dow Jones & Company Inc24975.31.DJIDOW JONES INDEXES-34...Read More

The semiconductor sell-off is worsening todayAmid this morning's steep broad market sell-off, several analysts weighed in on chip stocks, doling out mostly downgrades and price-target cuts. Many believe the recent semiconductor sector underperformance is due to a possible "cyclical correction" and trade tensions with China. To get more specific, Susquehanna slapped both Applied Materials, Inc. (N...Read More

(Reuters) - Fifth Third Bancorp’s (FITB.O) quarterly profit beat analysts’ estimates on Tuesday, as it earned more from interest-bearing assets and gave out more commercial loans.U.S. banks have benefited from higher interest rates since the Federal Reserve started raising them in 2015. Higher interest rates allow banks to charge customers more for loans, while maintaining relatively l...Read More

China's alumina exports in September surged more than fivefold from August to 165,839 tonnes, according to customs data released on Tuesday, the highest monthly volume this year.Last month's exports rose from 29,722 tonnes in August and were up more than 3,400 percent from a year earlier.China, the world's largest aluminium maker, rarely exports large volumes of alumina, a raw material for making...Read More

BEIJING (Reuters) - Bank of Kunlun Co, the key Chinese conduit for transactions with Iran, is set to halt handling payments from the Islamic Republic under pressure of imminent U.S. sanctions against the country, four sources familiar with the matter told Reuters.Kunlun, the main official channel for money flows between China and Iran, has verbally informed clients that it will stop accepting yuan...Read More

LONDON (Reuters) - Oil prices fell on Tuesday after Saudi Arabia said it could supply more crude quickly if needed, reassuring investors ahead of U.S. sanctions on Iran’s crude exports that start next month.Benchmark Brent crude oil LCOc1 fell by $1.96 a barrel to a low of $78.32, down 2.5 percent and below its 50-day moving average for the first time in two months, before recovering a littl...Read More

RIYADH (Reuters) - Saudi Arabia said on Tuesday it would continue to meet customer demand for crude despite looming U.S. sanctions that are expected to reduce oil exports from Iran.Saudi Energy Minister Khalid al-Falih said at an investment conference in Riyadh that the oil market was in a “good place” and he hoped oil producers would sign a deal in December to extend cooperation to mo...Read More

“Gloomy” global equitieshave propelled gold to three-month highs as the precious metal acts like a safehaven again, says George Gero,managing director with RBC Wealth Management. Some traders are likely being forced tocover some short positions, he continues. “The fallout of Saudi problems, Italybudget headlines, trade wars and tariffs all weigh on stocks and [are] movinggold, wh...Read More

The social media stock has shed 53% year-to-dateShares of Snap Inc (NYSE:SNAP) are taking a hit in electronic trading, after the stock this morning received a fresh round of price-target cuts ahead of the social media name's earnings report, due after the market closes this Thursday, Oct. 25. SNAP has struggled on the charts since its February peak, and, as of last night's close at $6.84, had she...Read More

“Gloomy” global equities have propelled gold to three-month highs as the precious metal acts like a safe haven again, says George Gero, managing director with RBC Wealth Management. Some traders are likely being forced to cover some short positions, he continues. “The fallout of Saudi problems, Italy budget headlines, trade wars and tariffs all weigh on stocks and [are] moving go...Read More