Domestic prices for hollow steel sections in both Northern and Southern Europe moved down this week, with feedstock prices continuing to fall and an expected seasonal pickup in demand failing to arrive, sources told Fastmarkets on Wednesday April 3.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe went down by ?,?5-10 per tonne to...Read More

MGI, meanwhile, is booming after one analyst said the stock is "cheap"The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are eyeing a fifth straight gain, thanks to semiconductor strength. Among individual stocks making notable moves are alternative energy name Ocean Power Technologies Inc (NASDAQ:OPTT), money transfer firm MoneyGram International Inc. (NASDAQ:MGI), and Chinese e-commerce giant A...Read More

Most analysts are still bullish on the biotech name, thoughThe shares of Incyte Corporation (NASDAQ:INCY) are down 2.8% to trade at $84.30, after RBC downgraded the biotech name to "sector perform" from "outperform." The analyst in coverage doesn't see any more opportunities for near-term growth, and that its underappreciated value is already baked in. In the wake of the downgrade, INCY options...Read More

Weekly contracts are seeing an uptick in popularity Verizon Communications Inc. (NYSE:VZ) today announced it's launching its highly anticipated 5G service in Chicago and Minneapolis. In the press release, the company says customers can expect download speeds of 450 Mbps, with speeds ranging as high as 1 Gbps. To utilize the service, users will need to add a Verizon 5G moto mod to their cell phone....Read More

It’s possible last week’scascading selling rout in palladium ended its multi-year bull market. Theformerly white-hot metal lost more than $200/oz (but is beginning to rebound).For now, however,palladium prices remain in a long-term uptrend above the bullishly aligned 20-weekand 50-week moving averages – and physical supply remains tight. Regardless of whether the palladium market...Read More

You will recall that last Wednesday a warning was posted before the open that gold was about to break sharply lower from a bear Flag, which it did the very next day, so you had a full day of trading to prepare, either by exiting positions, placing stops or purchasing inverse ETFs or Puts, and I was pleased to learn that some of you did just that. As we can see on gold's latest 8-month chart bel...Read More

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Bitcoin's sharp rally on Tuesday was being described by some as a 'mystery surge', but it is no mystery at all for anyone who has seen the film Night of the Living Dead. Buffs may recall that the movie's flesh-eating zombies were activated by radioactive contamination from an exploding space probe that had visited Venus. Although no similar explosion has been reported by NASA, it seems entirely...Read More

The shares tend to blossom in the month of AprilThe real estate sector emerged near the top of our internal Sector Scorecard, signaling this group has been outperforming amid relatively bearish expectations -- what we like to see as contrarians. What's more, the iShares U.S. Real Estate ETF (IYR) could enjoy some seasonal tailwinds, if recent history is any indicator, and exchange-traded fund (ETF...Read More

Tesla stock is trading near a key long-term trendlineTesla Inc (NASDAQ:TSLA) is enjoying solid gains today, up 2.8% to trade at $293.94. CEO Elon Musk, fresh off the April 1 release of his rap song about slain gorilla Harambe, will have his court date tomorrow, April 4, with the Securities and Exchanges Commission (SEC). Musk faces contempt of court charges on allegations he violated an agreement...Read More

In February, the World Gold Council released the newest edition of Gold Investor. What can we learn from the report? Let’s discuss gold’s role in the onslaught of the cashless society, its role as a portfolio diversifier, reverse asset and source of liquidity.Rogoff Wants Cashless Society, but Appreciates GoldAs a lot has happened recently, we didn’t have time to analyze the late...Read More

Traders are eyeing weak private payrolls and U.S. services sector dataThe Dow Jones Industrial Average (DJI) has paredits earlier gains, as traders turn their attention to a weakening U.S. services sector, which saw growth slow last month to a pace not seen since August 2017. In addition, Wall Street continues to weigh worse-than-expected private payrolls data, which precedes Friday's highly anti...Read More

Long puts may be an attractive way to trade TTWO, tooTake-Two Interactive Software, Inc. (NASDAQ:TTWO) stock rallied hard in March, closing out the month with an 8.2% gain, thanks in part to some Sony (SNE) buyout buzz. However, the video game stock is now trading near a trendline that's had bearish implications in the past, suggesting it could be time to take profits on TTWO.Diving deeper, the eq...Read More

Stop me if you’ve heard this before. Precious Metals disappointed again.The miners were leading the metals but the metals broke down from bear flag patterns and that took the miners lower, suggesting an interim top is in place.The technicals suggest weakness could be ahead for the sector but the fundamentals are finally turning bullish.Before we get to fundamentals, let’s look at the t...Read More

Markets PMIs EUR USD Gold Oil Markets buoyed by Sino-US talks and PMI data It's been a strong start to trading on Wednesday and the US looks poised to follow, with futures up around half a percent ahead of the open. The optimism has carried over from Asia where reports of progress in Sino-US trade talks and another strong Chinese PMI reading provided the fuel for Wednesday's...Read More

The metals company just raised its first-quarter sales forecast to $100 million The shares of DMC Global Inc (NASDAQ:BOOM) are flying today after the metals expert lifted its first-quarter sales forecast to roughly $100 million. The company cited its rapidly growing oilfield products arm, DynaEnergetics, and strong sales from its explosive welding business, NobelClad. As a result, BOOM stock is up...Read More

Upbeat headlines around global trade talks could also be helping semiconductor stocksOne of the biggest analyst notes this morning came out of Nomura Instinet, which initiated coverage on semiconductor stocks Intel Corporation (NASDAQ:INTC) and Advanced Micro Devices (NASDSAQ:AMD) with "buy" recommendations. The brokerage firm says cyclical concerns could put pressure on chipmakers in the near ter...Read More

However, URBN is crossing paths with a historically bearish trendlineClothing giant Urban Outfitters, Inc. (NASDAQ:URBN) is moving higher this morning, after scoring an impressive bull note out of D.A. Davidson. Specifically, the firm upgraded its position to "buy" from "neutral," and tacked on $6 to its $30 price target. The brokerage firm cited strengthening fundamentals, expansion opportunitie...Read More

The European domestic price of mesh-quality wire rod remained flat week on week, while European imports prices held steady amid concerns regarding tariff-quota monitoring, market participants told Fastmarkets on Wednesday April 3.Fastmarkets' weekly domestic price assessment for mesh-quality wire rod in Northern Europe was at ?,?535-550 ($599-616) per tonne delivered on Wednesday, unchanged week o...Read More

The videogame retailer's revenue and current-quarter forecast disapointedIt's another volatile earnings reaction for GameStop Corp. (NYSE:GME), with the shares down 7.8% at $9.31. The stock is reacting to the video game retailer's fourth-quarter revenue miss, while the company also warned of a current-quarter loss on weakening sales and said it would not provide a full-year forecast. This is offse...Read More