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Why US Steel's Q3 Report Might Include A Guidance Cut
Tuesday, October 31, 2017 - 9:32am | 363Read More...Investors are encouraged to sell their stakes in United States Steel Corporation (NYSE: X), according to analysts at Axiom. The firm's Gordon Johnson maintains a Sell rating on US Steel's stock and expects the company to revise its guidance to the downside in conjunction with Tuesday's earnings...
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12 Stocks Moving Following China Import News
Friday, October 13, 2017 - 2:03pm | 425Read More...Shares of American and other international-based companies who export metals and other commodities were mostly trading higher on Friday after China reported its total imports for the month of September had risen by 18.7 percent, Bloomberg reported. "The improvement in imports is impressive,...
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These ETFs Have Survived The Rough Commodities Trade
Friday, August 25, 2017 - 12:11pm | 635Read More...A weaker dollar and some precious metals has has the relevant exchange traded funds (ETFs) performing admirably this year. The major physically-backed gold ETFs are sporting double digit year-to-date gains while the comparable palladium fund is setting a torrid pace. The major physically-...
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Rio Tinto No Longer 'Top Pick' At RBC, But Still Viewed Favorably
Tuesday, August 15, 2017 - 12:19pm | 338Read More...RBC Capital Markets' Tyler Broda turned slightly less bullish on Rio Tinto plc (ADR) (NYSE: RIO) by downgrading the London-listed stock rating from Top Pick to Outperform with an unchanged 4,200p price target, which implies upside from Tuesday's opening price of 3,382.50p. One of the reasons to...
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Weyerhaeuser Loses A Long-Time Supporter; Bank Of America Downgrades
Wednesday, July 5, 2017 - 2:33pm | 407Read More...Shares of Weyerhaeuser Co (NYSE: WY) — a timber, land and forest products company — were trading lower by nearly 2 percent Wednesday after a long-time bullish analyst turned incrementally negative on the stock. Bank of America's George Staphos downgrades Weyerhaeuser's stock rating from...
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Playing April's Weak Auto Sales Figures: Add To Shorts In U.S. Steel, Cliffs
Tuesday, May 2, 2017 - 12:09pm | 379Read More...Poor auto sales data from the major auto makers on Tuesday is hurting their respective stocks Tuesday morning. Shares of General Motors Company (NYSE: GM) lost nearly 3 percent, Ford Motor Company (NYSE: F) lost nearly 4 percent and Fiat Chrysler Automobiles NV (NYSE: FCAU) lost more than 5 percent...
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4 Reasons BMO Upgraded The 'New' Alcoa
Friday, March 31, 2017 - 10:01am | 405Read More...Alcoa Corp (NYSE: AA)'s decision to merge its six different business units into three units to increase efficiency and slash cuts won over another Wall Street analyst. On Friday, BMO Capital Markets' David Gagliano upgraded Alcoa's stock from Market Perform to Outperform with a price...
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Forget About Gold And Silver; Rhodium Is One Hot Commodity
Tuesday, March 7, 2017 - 10:08am | 378Read More...Gold and silver are among the two most common commodities individuals invest in and they have performed well since the start of 2017. The exchange-traded funded that tracks the price of gold, SPDR Gold Trust (ETF) (NYSE: GLD), is up nearly 7 percent since January 1 and the ETF that tracks silver,...
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Gold Is The New Equity In The Trump Rally
Tuesday, January 31, 2017 - 9:18am | 268Read More...The Dow Jones Industrial Average recently broke above the Dow 20,000 milestone, but has since pulled back amid President Trump's controversial policies. Meanwhile, the price of gold is higher for the third straight day and is on track for its best month since June following the surprising...
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Not Yet Official, But Stocks On Track For Best Year Since 2013
Friday, December 30, 2016 - 9:26am | 485Read More...Friday marks the final trading session of the year and assuming volatility doesn't strike the market, stocks will close 2016 on an encouraging note. According to a Bloomberg report, global stocks will close out this volatile year with the largest gains since 2013 even though some regions...
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The Best Commodity Investment Of 2016
Friday, December 23, 2016 - 11:55am | 303Read More...This year has been a great year for stock investors, but it has been an even better year for commodities investors. While the SPDR S&P 500 ETF Trust (NYSE: SPY) is up 10.6 percent on the year, the PowerShares DB Com Indx Trckng Fund (ETF) (NYSE: DBC) has surged 16.2 percent on the year. Oil...
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Materials Mavens: Sector ETFs To Embrace
Wednesday, November 30, 2016 - 10:26am | 529Read More...Underscoring this year's renaissance in cyclical sectors, the Materials Select Sector SPDR (NYSE: XLB) is up more than 15 percent, a showing that is good for third among the sector SPDR exchange-traded funds. The two SPDRs outpacing XLB this year are cyclical funds, those tracking the energy...
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Why Gold And Silver Are Looking Good, According To One Commodity Trader
Wednesday, August 24, 2016 - 11:22am | 377Read More...Raghee Horner is a foreign exchange and commodity trader and author of various step-by-step books on trading. On Monday she was a guest on Benzinga's PreMarket Prep to discuss her view on gold and silver. According to Horner, gold could benefit investors in the negative interest environment...
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Axiom Analyst Considers Steel Demand Headwinds As Chinese Home Prices Flatline
Wednesday, July 20, 2016 - 8:42am | 274Read More...Home price growth in China is now declining, and this is an industry-wide headwind for the steel sector. Gordon Johnson of Axiom, a research firm that specializes in metals, mining and mining equipment, commented in a note on Tuesday that the declining home price growth in China "should give pause...
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Report: China's Citic Metal Among Parties Interested In Acquiring Freeport-McMoRan's Mining Operations Minority Stake
Friday, May 27, 2016 - 10:51am | 192Read More...Freeport-McMoRan Inc (NYSE: FCX) is holding talks with potential buyers for a minority stake in its North and South American operations as part of a strategy to shed assets to lower its debt load, according to Bloomberg. Bloomberg reported Thursday evening that Freeport-McMoRan has received...
















