Both stocks are running into familiar resistanceThe shares of International Game Technology (NYSE:IGT) have rebounded off their May 29 annual low of $12.49, and fellow casino concern Scientific Games Corp (NASDAQ:SGMS) is pacing for a fifth straight day in the black. However, both IGT and SGMS stocks are running into potential trendline resistance, and history says it may be time to cash in your p...Read More

South Korean steel majors Posco and Hyundai Steel have both been asked by provincial governments to idle their blast furnaces over pollution levels, market sources told Fastmarkets MB on Tuesday June 4."However, there is no confirmation as to whether both steelmakers will stop their blast furnaces and they...Read More

Analysts are overwhelmingly bullish on the cancer nameMizuho initiated coverage on Neon Therapeutics Inc (NASDAQ:NTGN) with a "buy" rating and $21 price target -- a 333% premium to last night's close. The brokerage firm said NTGN's low share price is a result of confusion around neoantigens science, which studies a new cancer therapy. LifeSci Capital also chimed in, saying the cancer researcher's...Read More

Loop Capital just upgraded the stock to "buy" from "hold"Streaming giant Netflix, Inc. (NASDAQ:NFLX) has seen a rough past couple of days, as regulatory concerns weighed on FAANG stocks. Plus, at Friday's close, the equity had clocked four straight weeks in the red, and dropped beneath the $340 region yesterday for the first time since early February, ending at $336.63. The shares have recovered s...Read More

An unwinding of bearish bets could provide leverage for the shares The shares of Monster Beverage Corp (NASDAQ:MNST) have remained fairly stable amid the recent market volatility, consolidating nicely since an early May bull gap to form a cup and handle formation on the charts. Looking closer, the stock has found support at a 61.8% Fibonacci retracement of its 2018 high and low, suggesting it coul...Read More

The Precious Metals sector has broken strongly higher in recent days, with silver breaking out of its downtrend just yesterday, when the fundamental reason for this move emerged - the Fed has let it be known, via the St Louis Fed governor, that they are going to drop rates soon. This is clearly a panic move triggered by the stockmarket breaking down below key support - the intention is to head...Read More

By: Ira EpsteinGold is honing on $1,329.20 area resistance. August gold is looking impressive. $1,336 is the next objective. This market is possibly showing an important, watershed moment -- this has an energy that it has not had in a very long time. Is the market overbought? Yes:Read More

London 4th June, 2019: Today, Kinesis Money announces the initiation of its UK and EU debit card program with Contis Group, the award-winning platform as a service (PAAS) that provides end-to-end banking and payments solutions. Kinesis has selected Contis for its European and UK debit card solutions and has officially started developments, scheduled for release in Q4. The release of these EUR a...Read More

Gold faces key resistance at $1339.10. Gold needs to break and trade over $1339.10 to rise to $1353 and $1374. Sell off will be there if gold does not break and trade over $1339.10. Speculation of interest rate cuts by the Federal Reserve will be bullish for gold and silver. Momentum is very bullish. Today and tomorrow are very crucial days for continuance of bullish trend. Silver needs to trade...Read More

Powell said the Fed is ready to "act as appropriate" to support the economyThe Dow Jones Industrial Average (DJI) is red-hot today, up more than 400 points as easing trade worries spark the risk-on session. Dovish comments from Fed Chair Jerome Powell are only fanning the bullish flames, with the head of the central bank earlier saying it's prepared to "act as appropriate" to support economic grow...Read More

BTIG issued very bullish notes on UBER and LYFT stocksSifting through this morning's news cycle on Wall Street, a few names stick out. First off, Take-Two Interactive Software, Inc. (NASDAQ:TTWO) just received another positive analyst note, with BMO upgrading its rating to "market perform" from "underperform" and boosting its price target to $110 from $95. The covering analyst called out the video...Read More

Canaccord said it has defended BOX for too longShares of cloud concern Box Inc (NYSE:BOX) are eyeing their fifth straight day in the red, after the firm lowered its full-year guidance below analysts' expectations. Thecompany blamed a longer-than-usual sales cycle for its bigger deals. BOX stock fell to a new two-year low of $15.30 earlier, and was last seen down 11.3% at $15.91.The brokerage bunch...Read More

KSS snapped a 12-day losing streak on MondayAtlantic Equities downgraded Kohl's Corporation (NYSE:KSS) to "underweight" from "neutral," and slashed its price target to $42 from $65 -- a 16.5% discount to last night's close. In reaction, KSS stock is down 0.1% at $49.80, sinking below the round $50 mark.This negative price action is just more of the same for the retail stock. Since its April 23 fiv...Read More

The joint venture could produce "hundreds of metric tons of CBD annually"Add yet another name to the hemp landscape. This morning, drugmaker Sorrento Therapeutics Inc (NASDAQ:SRNE) announced a joint venture with Chinese medical device maker LifeTech Scientific to sell cannabidiol (CBD) products in Asia. Sorrento said the partnership could help it "deliver hundreds of metric tons of CBD annually...Read More

A summary of base metals premiums from across the globe for the week to Tuesday June 4. Please click...Read More

A Chinese official suggested respectful trade talks should continue with the U.S.Futures on the Dow Jones Industrial Average (DJI) are moving on trade headlines once again, this time trading above fair value. Traders are responding to a report that China's Commerce Ministry said the U.S. and China should resolve the trade dispute through respectful conversations, while there are also rumors that C...Read More

S&P returns tend to outperform the norm after individual investors hit this type of pessimistic extremeBy last Thursday morning, when the latest weekly sentiment survey results from the American Association of Individual Investors (AAII) were released, the S&P 500 Index (SPX) was well on its way to ending the month of May on a loss of over 5% -- not quite as gruesome as the 9.2% plunge that rattle...Read More

The premiums offered on supplies of aluminium to Japan in the third quarter of 2019 have been heard at $115-120 per tonne cif main Japanese ports (MJP), about 12% above the second-quarter premium, due to tighter supply, Fastmarkets learned on Tuesday June 4.One major producer offered a premium over the London Metal Exchange cash price of $115 per tonne and another $120 per tonne for July-September...Read More

Zinc's three-month price on the London Metal Exchange had climbed moderately by the close of trading on Wednesday June 4, with the morning's cancelation of more than 15,000 tonnes not enough to push the price higher than $2,500 per tonne.Volumes traded in the galvanizing metal topped the complex by the close, however, indicating strong buying interest over the day's trading.More than 11,000 lots o...Read More

The Turkish deep-sea scrap markets remained quiet on Tuesday June 4 with participants still absent because of the week-long Eid al-Fitr public holiday, sources told Fastmarkets.This lack of market activity was expected and was likely to continue for the rest of the week, with Turkey being on public holiday from June 3 until June 7. The holiday marks the end of the period of...Read More