Subscribers just won big with the April 87.50 callSubscribers to Schaeffer's Weekend Trader Series service doubled their money with the Procter & Gamble Co (NYSE:PG) April 87.50 call. Here's a quick look at why we expected a big upside move from the Dow stock, and how the profitable options trade unfolded.When we entered the position on Monday, Jan. 7, PG was fresh off a then-record high of $96...Read More

Fastmarkets AMM attended the annual convention of the National Association of Steel Pipe Distributors (NASPD) on Thursday March 7 and Friday March 8 in New Orleans. Here are five themes gleaned in the sessions, on the sidelines and at the soirees.The US Gulf Coast is excited about China LNG import rumors. Reports that China may agree to buy an immense amount of liquefied natural gas (LNG) exp...Read More

Jefferies initiated coverage with a "buy" rating and a $15 price target -- nearly double the stock's current levelsJefferies just initiated coverage of Kala Pharmaceuticals Inc (NASDAQ:KALA) with a "buy" rating and a $15 price target.In response, the shares of KALA are up 1% at $8.13, trying to battle back after an ugly 2018. KALA stock is coming off it's Dec. 24 all-time-low of $4.03 -- now up 6...Read More

Traders are digesting weak housing dataU.S. stocks are mixed at midday, with the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all lingering around breakeven. Concerns about a delayed U.S.-China trade deal are keeping some investors on the sidelines, with Wall Street also digesting a steeper-than-expected drop in new home sales in January. Meanwhile, Boeing...Read More

Shorts are likely cheering today's TLRD declineTailored Brands Inc (NYSE:TLRD) is being pummeled this morning, last seen 21.7% lower at $9.15 -- and fresh of a 10-year low of $8.70 -- after the retailer reported a fourth-quarter sales miss and disappointing forecast. Looking closer, comparable sales for the Men's Wearhouse and Jos. A. Bank businesses declined during the period. In response, at l...Read More

Chinese finished steel exports decreased in February on both a yearly and a month-on-month basis amid uncompetitive prices and fewer working days as a result of the Chinese Lunar New Year holiday.The country shipped 4.51 million tonnes of finished steel out of the country last month, down 7% from the 4.85 million tonnes exported in February 2018, according to preliminary Chinese customs data...Read More

Culp expects 2020 and 2021 to be significantly betterThe shares of General Electric Company (NYSE:GE) are higher today, shaking off the industrial conglomerate's 2019 outlook that fell short of expectations. More specifically, the company forecast adjusted full-year earnings of 50 cents to 60 cents per share, compared to the 70 cents per share consensus estimate, and said negative cash flow in it...Read More

China's major mills continued to raise their daily output rates for crude steel in mid-February, while their finished steel inventories also rose.Members of the China Iron & Steel Association (Cisa) produced crude steel at an average rate of 1.95 million tonnes per day during the second 10 days of February, up 1.6% from 1.92 million tpd in early February, according to data released by the industry...Read More

The prices for nickel and copper were the poorest performers in trading on the London Metal Exchange on Thursday March 14, Fastmarkets has heard.Weaker data on China's industry drove the LME three-month nickel price down by 2.2% to $13,185 per tonne at the close of trading."The January-February combined data on Chinese industrial production, retail sales and fixed asset investment failed to provid...Read More

By: IRA EPSTEINGold at 18-DMA. Bearish momentum being lost. Gold price figuring out what to do next:Read More

Boeing has bounced very precisely from the 363.20 midpoint pivot shown, validating the pattern and its very bearish 'D' target at 323.72. This means that if and when the bounce from today's low sputters out and the stock relapses beneath 363.20, it could fall all the way to 323.72, or 14%, in search of traction. The secondary pivot at 343.46 would become our minimum downside objective at that...Read More

By: Stefan Gleason, In a once rare property crime now trending higher around the world, thieves are stealing precious metals from automobiles.These opportunistic criminals don't bother rummaging through glove compartments in the hope of finding stashed jewelry or gold coins. Instead, they go for the near certain score of exposed catalytic converters.A car's catalytic converter is attached to its...Read More

BCS Global Markets, one of Russia's largest securities brokers, believes that Russian oligarch Roman Abramovich's newly-acquired shareholding in Russia's largest miner Nornickel may lose value.Abramovich's investment firm Crispian Investments acquired the 2.5% stake for $551 million on Wednesday March 13.But the oligarch's share may depreciate in value in line with expectations that nickel prices...Read More

UK ferrous scrap prices for deliveries in March have been settled at values unchanged from the month before, with higher export prices and steady domestic British demand supporting the move, trade sources told Fastmarkets on Thursday March 14.The sideways moves in UK prices consolidate a jump of ?20 per tonne in February. This came after European export prices to key destination Turkey rallied by...Read More

Fastmarkets' alumina index fob Australia moved above $400 per tonne and to its highest since mid-December 2018 following increased buying demand in the market and continued tight supply. The daily fob Australia alumina index rose to $402.70 per tonne on Thursday March 14, up from $396.92 per tonne the previous day and 3.5% higher week on week. Key drivers  Renewed bullish sentiment in th...Read More

Here are five Fastmarkets MB stories you might have missed on Thursday March 14 that are worth another look.Metal trading funds and the metal commodities industry in general are increasingly focused on trading copper spreads and staying away from bets on outright price, panelists at the International Copper Conference said on Wednesday March 13. At Fastmarkets' 20th Asian Ferro-alloys confere...Read More

A thin earnings schedule still features some important namesThe main focus of the upcoming trading week will be the two-day Federal Open Market Committee (FOMC) meeting, which begins on Tuesday. Investors will be awaiting a Wednesday policy decision to see if the Fed will maintain its dovish stance. There are a few names to watch on the earnings front, too, including delivery giant FedEx (FDX) and...Read More

Advantage Lithium Corp said on Thursday it has temporarily replaced Chief Executive David Sidoo after he was arrested last week by U.S. authorities as part of a sweeping college admissions scheme.The company, which is developing a lithium project in Argentina, has named board member Callum Grant as its interim president. "All plans are the same to put Advantage into production at some point," spok...Read More

The brokerage firm sees strong growth for the solar stockThe shares of Vivint Solar Inc (NYSE:VSLR) are up 4% to trade at $5.21, after Goldman Sachs took a bullish stance to the alternative energy sector. The brokerage firm said it anticipates " lower costs for solar and favorable policy support ... to drive meaningful upside to the market," and forecast year-over-year utility-sector solar install...Read More

A California jury awarded a woman $29 million The shares of Johnson & Johnson (NYSE:JNJ) are down 0.9% at $138.16 in early trading, after a California jury awarded $29 million to a woman who claimed that the asbestos in the company's talcum-based powder gave her cancer. The blue chip said it would appeal.JNJ shares plummeted in mid-December, amid reports the company was aware of asbestosin its bab...Read More