Call and put open interest on HCLP are at their highest points of the past 12 monthsThe shares of fracking specialist Hi-Crush Partners LP (NYSE:HCLP) hit a year-to-date low of $9.43 on Monday, before settling with a slimmer 5.9% loss at $9.64. The downside didn't deter bullish options traders, though, who rolled the dice on a quick move back into double-digit territory for HCLP stock.By the time...Read More
A free tool can help traders bank big this earnings season.Financial stocks (JPM, C, and WFC) kicked off earnings season on Friday, and traders need to position themselves now in order to ensure maximum profit from it.One company can help any investor do just that.They've developed a tool that predicts volatility based on earnings announcements.The tool works on select stocks with a 77.6% accuracy...Read More
The oil price is rising due to the upcoming restrictions on the sale of Iranian oil - the second of a two-part set of sanctions imposed on the Middle Eastern power following the Trump Administration's decision in May to withdraw from the Iran nuclear agreement, known formally as the Joint Comprehensive Plan of Action (JCPA). Sanctions lifted under the Obama Administration were re-imposed.What shou...Read More
The oil price is rising due to the upcoming restrictions on the sale of Iranian oil - the second of a two-part set of sanctions imposed on the Middle Eastern power following the Trump Administration's decision in May to withdraw from the Iran nuclear agreement, known formally as the Joint Comprehensive Plan of Action (JCPA). Sanctions lifted under the Obama Administration were re-imposed.What shou...Read More
NEW YORK (Reuters) - The U.S. dollar index dropped to more than two-week lows on Tuesday while emerging market currencies outperformed, as rising stock markets reflected improving risk appetite.U.S. stocks opened higher, led by technology stocks, as upbeat earnings from blue-chip companies helped ease jitters over the impact of an ongoing U.S.-China trade war and other global issues on corporate p...Read More
(Reuters) - When Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday, it said it would close another 142 unprofitable Sears and Kmart locations and seek to reorganize around financially healthier stores. It also triggered a “time bomb” that retailers have had a tough time surviving.Over the last dozen or so years, bankrupt retailers have had less time to make major strategic...Read More
Benchmark initiated coverage on the weed stock with a "buy" ratingWith recreational marijuana slated to become legal in Canada starting tomorrow, Oct. 17, Benchmark initiated coverage on British Columbia-based Tilray Inc (NASDAQ:TLRY) with a "buy" rating and $200 price target -- a nearly 21% premium to last night's close. The analyst in coverage waxed optimistic on the company's early emergence in...Read More
LONDON (Reuters) - A rise in oil prices to four-year highs is heaping pressure on big emerging-market crude consumers such as Turkey, India, Indonesia and South Africa that are already grappling with current account deficits, weak currencies and rising inflation.Emerging markets worldwide have been buffeted in recent months by the strong dollar, climbing U.S. interest rates and slowing growth mome...Read More
LONDON (Reuters) - U.S. President Donald Trump cannot bring oil prices down by “bullying” other nations, Iran’s oil minister said on Tuesday, adding that the market was suffering from short supply.U.S. sanctions on Iranian oil exports are due to kick in on Nov. 4. The U.S. administration has been pushing its allies to cut Iranian oil imports and encouraging Saudi Arabia, other OP...Read More
Nigeria's population is growing rapidly. It now stands at 182 million, and is projected to exceed 300 million by mid-century, surpassing the U.S. to become the world's third-largest country. And thanks to a high fertility rate - more than five children per woman, higher than the average for sub-Saharan Africa and more than double the global rate - that growth can be expected to continue for quite...Read More
(Kitco News) - Gold prices could easily post more gains due to record short positioning in the precious metal, with prices potentially rallying to near the $1,280-an-ounce, provided that the U.S. equity space continues to see some weakness, said TD Securities.“Considering that gold is sitting very near a key resistance point ($1,228/oz, 100dma) and that there is record short exposure, it wou...Read More
Our senior V.P. of research explains the "confluence of factors" that tripped up stocksSchaeffer's Senior V.P. of Research Todd Salamone stopped by CNBC's Squawk Box this morning, where he explained some of the factors that contributed to last week's brutal stock market sell-off -- including how options mechanics may have played a role heading into October expiration.To watch Todd's full remarks,...Read More
Lucia MutikaniWASHINGTON (Reuters) - U.S. industrial production increased for a fourth straight month in September, boosted by gains in manufacturing and mining output, but momentum slowed sharply in the third quarter.The Federal Reserve said on Tuesday industrial production rose 0.3 percent last month after an unrevised 0.4 percent increase in August. Industrial output grew at a 3.3 percent annua...Read More
There were multiple signs of a climactic volatility event last ThursdayIt was just two short weeks ago in this space that we found ourselves looking askance at the state of the short volatility trade. And in the aftermath of last week's rapid-fire sell-off in stocks -- which was accompanied by the de rigueur spike in the Cboe Volatility Index (VIX) -- it's worth "assessing the damage" by way of a...Read More
Dutch battery maker Lithium Werks BV, founded earlier this year, is investing 1.6 billion euros ($1.85 billion) in a massive lithium-ion cell factory in China as demand for batteries is surging.The facility will have production capacity of 8 gigawatt-hours per year, or the equivalent capacity of batteries to power 160,000 cars. It will be the company's second Chinese manufacturing site and should...Read More
• Rising diplomatic tensions continue to underpin safe-haven demand. • Subdued USD price-action remains supportive of a mildly positive tone. • A modest uptick in the US bond yields seemed to cap meaningful up-move. Gold traded with a mild positive bias on Tuesday and remained within striking distance of 2-1/2 month high,...Read More
LONDON (Reuters) - Oil prices fell on Tuesday on evidence of higher U.S. oil production and increasing U.S. crude inventories, but reports of a fall in Iranian oil exports helped to limit losses.Brent crude was down 50 cents a barrel at $80.28 by 1320 GMT. U.S. light crude was 40 cents lower at $71.38.“Shale oil production continues unabated in the United States,” said Carsten Fritsch,...Read More
(Reuters) - UnitedHealth Group Inc added more members to its health insurance plans in the third quarter, helping the industry bellwether beat profit estimates and raise its earnings forecast for the full year.Kicking off the earnings season for the sector, the United States’ largest health insurer said on Tuesday it now expects adjusted profit to approach $12.80 per share in 2018, compared...Read More
These 2 stocks are in the red despite broad-market tailwindsThe Dow is trading higher out of the gate this morning thanks to upbeat corporate earnings. However, not every stock is gaining after earnings. Take for example investment management giant BlackRock, Inc. (NYSE:BLK) and restaurant chain Domino's Pizza, Inc. (NYSE:DPZ), which are both in the red this morning. We'll take a closer look at sh...Read More
ADBE is finding support near its 200-day trendlineThe shares of Adobe Systems Incorporated (NASDAQ:ADBE) are up 7.2% to trade at $255.25 this morning, after the company confirmed at its analyst day its fourth quarter revenue and profit forecast, while expecting 20% revenue growth in 2019. The event drew rave reviews from analysts, with Barclays issuing a price-target hike to $304 from $297. In ad...Read More