Recent News

Blue Apron Stock Pops After Barclays Upgrade

December 04, 2017 / www.schaeffersresearch.com

Blue Apron Holdings Inc (NYSE:APRN) has struggled mightily since it first began trading in late June amid a suddenly crowded meal delivery industry that now includes Amazon (AMZN) and Weight Watchers (WTW). Nevertheless, the stock is soaring for a third straight day following last week's news of the company's CEO shift -- and upbeat analysts are chiming in.Earlier today, APRN received an upgrade t...Read More

Southwest Airlines Set to Soar on Tax-Cut Hopes

December 04, 2017 / www.schaeffersresearch.com

One stock on the move today is low-cost carrier Southwest Airlines Co (NYSE:LUV), after Barron's mentioned LUV as one of the U.S.-focused companies that could benefit from the new Republican tax plan -- which passed the Senate in the early hours of Saturday morning, and features a reduced corporate tax rate as one of its key features.LUV stock is up 2.6% at $61.50 in electronic trading, having s...Read More

Bullish Options Traders Blast Booming Bank of America Stock

December 04, 2017 / www.schaeffersresearch.com

Bank stocks are getting ready to rally, after the U.S. Senate passed the Republican tax plan over the weekend. Shares of Bank of America Corp (NYSE:BAC), for instance, are up 2.5% in electronic trading -- on track to open at their highest mark since October 2008 -- as the business-friendly piece of legislation now heads to reconciliation between the House and Senate. Today's projected price move i...Read More

Stock Futures Point to Huge Day After Senate Tax Vote

December 04, 2017 / www.schaeffersresearch.com

U.S. stocks are set to rally today, after Senate Republicansmanaged to push through a tax reform bill over the weekend. In fact, Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) futures are signaling all-time highs, as the Michael Flynn saga from last week is pushed to the back burner for the time being. One group to watch is bank stocks, with Dow components Goldman Sachs (GS) and JPMor...Read More

The Nasdaq Pattern That's Playing Out Again

December 04, 2017 / www.schaeffersresearch.com

"The near-term risk to bulls is the move through the respective SPX and RUT century marks proving to be only temporary, as selling accompanied the RUT's last move through 1,500 in October, and there was a notable hesitation at SPX 2,600 during last Tuesday and Wednesday's trading."...The Nasdaq Composite (IXIC) continues to maintain a dominant leadership role, despite being in an 'overbought' cond...Read More

De Beers steps up efforts to remove 'conflict diamonds' from the market

December 04, 2017 / www.mining.com

Anglo American's De Beers, the world's largest rough diamond producer by value, unveiled Monday is investing in a blockchain-based platform to enable greater tracking of its stones.The platform, which will be open for those in the industry, will allow tracing each diamond throughout the entire value chain - from mine to buyer."Consumers should be able to know there is an accurate register of a dia...Read More

JAN DU PLESSIS : Rio Tinto Names Simon Thompson to Succeed Chairman Jan du Pless..

December 04, 2017 / www.4-traders.com

By Robb M. Stewart MELBOURNE, Australia -- Rio Tinto PLC has turned to Simon Thompson, a boardroom veteran with mining-industry experience under his belt, to succeed Jan du Plessis as chairman from next year. Mr. Thompson, a director at Rio Tinto since 2014, will take over when Mr. du Plessis steps down in March after about nine years as chairman, the mining company said Monday. A former execut...Read More

Aluminium: Prices retreating, sentiment less bullish

December 04, 2017 / www.metalbulletin.com

China's winter capacity closures are finally upon us. Although some started early the official heating season began on November 15. Our impression thus far is that the market has been disappointed by the scale of the cuts, or at least their affect. That has also been borne out in prices,...Read More

Copper: Holding pattern until next year

December 04, 2017 / www.metalbulletin.com

Copper prices have generally been consolidating in a down-trending channel since reaching their latest multi-year high of $7,177 per tonne in mid-October. Trading up here has attracted a combination of profit-taking and forward selling, which is capping the upside. We expect activity to remain choppy as moves down towards $6,700 per tonne have...Read More

Lead: Bullish forecast revisions

December 04, 2017 / www.metalbulletin.com

Lead prices have been consolidating above $2,400 per tonne and below $2,550 per tonne after the high of $2,621 per tonne in early October. We have recently revised our supply-demand model to deepen the annual deficit this year and the deficit expected in 2018; we now see a cumulative 200,000-tonne shortfall...Read More

Nickel: Back to reality

December 04, 2017 / www.metalbulletin.com

The overly bullish hype around nickel and its future potential in batteries for electric vehicles (EVs), which reached fever pitch at LME Week and drove prices to two-year highs of $13,030 per tonne, is subsiding. It is about time too, because this is a story that will not truly affect the nickel market fundamentals until deep into the 2020s. As a result, nickel...Read More

Tighter supply in China is expected to support prices through the winter

December 04, 2017 / www.metalbulletin.com

United States mills have managed to stem the period of falling flat steel prices, as their October price hikes proved to be a success. Mills' announcements targeted $625 per short ton ($689 per tonne) for hot-rolled coil, and by the middle of November spot prices came close to that level, as Metal Bulletin's US domestic HRC index reached $621 per short ton. An increase of $35 per short ton in less...Read More

Aluminium: Prices retreating, sentiment less bullish

December 04, 2017 / www.metalbulletin.com

China's winter capacity closures are finally upon us. Although some started early the official heating season began on November 15. Our impression thus far is that the market has been disappointed by the scale of the cuts, or at least their affect. That has also been borne out in prices,...Read More

Copper: Holding pattern until next year

December 04, 2017 / www.metalbulletin.com

Copper prices have generally been consolidating in a down-trending channel since reaching their latest multi-year high of $7,177 per tonne in mid-October. Trading up here has attracted a combination of profit-taking and forward selling, which is capping the upside. We expect activity to remain choppy as moves down towards $6,700 per tonne have...Read More

Lead: Bullish forecast revisions

December 04, 2017 / www.metalbulletin.com

Lead prices have been consolidating above $2,400 per tonne and below $2,550 per tonne after the high of $2,621 per tonne in early October. We have recently revised our supply-demand model to deepen the annual deficit this year and the deficit expected in 2018; we now see a cumulative 200,000-tonne shortfall...Read More

Nickel: Back to reality

December 04, 2017 / www.metalbulletin.com

The overly bullish hype around nickel and its future potential in batteries for electric vehicles (EVs), which reached fever pitch at LME Week and drove prices to two-year highs of $13,030 per tonne, is subsiding. It is about time too, because this is a story that will not truly affect the nickel market fundamentals until deep into the 2020s. As a result, nickel...Read More

Tighter supply in China is expected to support prices through the winter

December 04, 2017 / www.metalbulletin.com

United States mills have managed to stem the period of falling flat steel prices, as their October price hikes proved to be a success. Mills' announcements targeted $625 per short ton ($689 per tonne) for hot-rolled coil, and by the middle of November spot prices came close to that level, as Metal Bulletin's US domestic HRC index reached $621 per short ton. An increase of $35 per short ton in less...Read More

Aluminium: Prices retreating, sentiment less bullish

December 04, 2017 / www.metalbulletin.com

China's winter capacity closures are finally upon us. Although some started early the official heating season began on November 15. Our impression thus far is that the market has been disappointed by the scale of the cuts, or at least their affect. That has also been borne out in prices,...Read More

Copper: Holding pattern until next year

December 04, 2017 / www.metalbulletin.com

Copper prices have generally been consolidating in a down-trending channel since reaching their latest multi-year high of $7,177 per tonne in mid-October. Trading up here has attracted a combination of profit-taking and forward selling, which is capping the upside. We expect activity to remain choppy as moves down towards $6,700 per tonne have...Read More

Lead: Bullish forecast revisions

December 04, 2017 / www.metalbulletin.com

Lead prices have been consolidating above $2,400 per tonne and below $2,550 per tonne after the high of $2,621 per tonne in early October. We have recently revised our supply-demand model to deepen the annual deficit this year and the deficit expected in 2018; we now see a cumulative 200,000-tonne shortfall...Read More

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