The correction in industrial metals was a case of "buy the rumour and sell the fact". The rumour was a trade deal between USA-China. Now that the trade deal is more or less a done deal, there was profit booking. There can be more corrections in industrial metals and thereafter a period of consolidation. The next big move will be next week around the release of various US jobs numbers. Once detai...Read More

One stock has ended the month higher just twice in 10 yearsOn Monday, we took a look at the 25 best stocks to own in March, historically. Today, we're shifting gears to analyze the 25 worst stocks for next month. At the top of the list is fertilizer manufacturer CF Industries Holdings, Inc. (NYSE:CF), which is also flashing a bearish technical signal on the charts.Below are the worst S&P 500 Index...Read More

The time to invest is now, according to one economist.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and oil's shocking fall in 2016 - years before they happened - has issued a new earth-shattering statement:"Right now, the markets are giving investors a critical window to rapidly boost their retirement savings before the greatest stock market crash in American his...Read More

The beauty stock has tended to outperform in MarchThe shares of Ulta Beauty Inc (NASDAQ:ULTA) have put in a strong performance since bottoming at an eight-month low near $225 in late December, up 37% at $308.39. There could be more upside in store for the beauty expert, too, considering it's been one of the best stocks to own in March, looking back 10 years.Specifically, data from Schaeffer's Seni...Read More

TheGreen New Deal is silly and not worth our attention. It implies we can haveanything we want if the Federal Reserve extends credit.Letme blow your hair back for a second.Thetwo biggest US stock market rallies (in the 1920s and in 1990) occurred whenthe budget deficit was disappearing or had disappeared.CalvinCoolidge led the US through most of the Roaring Twenties. And he is perhaps thesecond-le...Read More

Import prices for steel slab in Southeast Asia and East Asia moved up again over the past week amid higher offers and limited availability, although no transactions were heard due to the large bid-offer spread.Fastmarkets' weekly import price assessment for slab imports to Southeast Asia and East Asia was $460-480 per tonne cfr on Monday February 25, widening upward by $10 per tonne from $460-470...Read More

The Dow was down triple digits earlierThe Dow Jones Industrial Average (DJI) is modestly higher at midday, swinging into positive territory after spending most of the morning in the red thanks to a negative earnings reaction for Home Depot (HD). The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) have also erased earlier losses, as investors digest the latest remarks from Fed Chair Jerome Pow...Read More

Aphria just signed an agreement to create cannabis-based transdermal patchesThe shares of Aphria Inc (NYSE:APHA) are up 3.7% at $10.05 in early trading, after the marijuana concern said it signed an agreement with Manna Molecular Science to create new cannabis oil transdermal patches for medical and recreational use. As part of the agreement, Aphria has exclusive licensing rights to the product fo...Read More

FAST has added 15.5% year-over-year Fastenal Company (NASDAQ:FAST) is up 15.5% year-over-year and has already added 19.8% in 2019. During this climb, the stock overcame staunch technical resistance located at the $60 level, and in early February successfully re-tested this area as support. FAST has gone on to trade above its October and December 2018 highs, and shrugged off a KeyBanc downgrade to...Read More

The Gold suppression game appears finally tobe coming to an end. A Perfect Storm ishitting the Gold market, with an internal factor (QE), an external factor (SGE),and a systemic factor (Basel). These factors can be identified, each verypowerful, each with a very new recent twist to alter the landscape. Allthree forces are positive in releasing Gold from the corrupt clutches of theAnglo-American ba...Read More

Salesof the Silver American Eagles are off to stronger start this year, and the U.S.Mint has once again been caught flat-footed. Dealers received the followingstatement from the Mint last Thursday:This is to inform youthat we have temporarily sold out of our inventories of 2019-dated AmericanEagle Silver Bullion Coins. In addition, all remaining 2018-dated inventorieshave been sold too.The West Po...Read More

Wet weather may have negatively impacted Home Depot's resultsEtsy Inc (NASDQ:ETSY) stock is trading up 14.3% this morning at $67.07, already hitting a record high of $68.91, after the e-commerce company's quarterly earnings report yesterday evening. Not only did earnings and revenue come in above analysts's expectations, but the company's 2019 outlook was also strong. As such, at least four broker...Read More

In contrast to the clear skies outside, a cloud hung over discussions among Indian scrap traders attending the opening session of the annual conference of the Material Recycling Association of India (MRAI) earlier this month in Kochi, southern India.Secretary-general Amar Singh praised the superior air quality in the host city, compared with the metropolises of New Delhi and Mumbai. But delegates...Read More

ZYNE has already added 70% so far this yearThe shares of Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) are soaring in electronic trading trading, last seen up 15.3%. Boosting the stock is news the drug name received a U.S. patent for its cannabidiol (CBD) treatment for Fragile X syndrome. With today's expected surge, the stock is set to break back above the 120-day trendline -- a mark that has acted...Read More

The Mexican government has decided to renew a 15% safeguarding duty on imports of steel from countries with which it does not have free trade agreements.The safeguard is expected to be signed this week, and it will be valid for another six months, according to the country's economy secretariat.It will apply also on imports of products...Read More

The trendline emerged as support late last weekCaterpillar Inc. (NYSE:CAT) stock is down 3.6% in electronic trading, after UBS double downgraded the blue chip to "sell" from "buy, and slashed its price target to $125 from $154 -- an 11.6% discount to last night's close at $141.41. The brokerage firm said slowing global construction sales will likely pressure CAT's revenue and margins, and spark an...Read More

SPOT has gained 44.5% since its Christmas Eve bottomThe shares of Spotify Technology SA (NYSE:SPOT) are down 2% in electronic trading, after a Wall Street Journal (subscription required) report indicated lawmakers in Washington D.C. were toying with the idea of overhauling music licensing rules. On the charts, Spotify stock has had a rip-roaring start to 2019, adding 31.5% year-to-date, now near...Read More

Home Depot and Caterpillar stocks are slipping in pre-market tradingDow Jones Industrial Average (DJI) futures are lower today, dragged down by Caterpillar (CAT) and Home Depot (HD) stocks. Specifically, CAT received a downgrade to "sell" from UBS, and HD reported fourth-quarter earnings that fell short of expectations. In addition, Wall Street is weighing the S&P Corelogic Case-Shiller home price...Read More

The gulf between bulls and bears widened in the latest Investors Intelligence surveyOne of the essential broad-based sentiment indicators we track is the weekly Investors Intelligence (II) poll, which measures the mood among financial advisors in much the same manner that the American Association of Individual Investors (AAII) survey takes the temperature among retail-level market participants. In...Read More

By: Stefan GleasonMore than a decade after the 2008 financial crisis, U.S. monetary policy continues to operate in crisis management mode.Despite a long, drawn out rate-hiking campaign - now paused - the Federal Reserve has yet to bring its benchmark interest rate up to normal levels historically.It has yet to unwind the vast majority of the nearly $4 trillion in emergency asset purchases added...Read More