Copper prices traded on the CMEGroup Exchange surged today as the market broke out of a 7-month trading range. Early indications are that the move was tied to news that Chinese smelters agreed to cut production. China is the world leader in copper imports, and the smelters process half of the copper mined worldwide. Was this move a valid breakout to higher prices or a fake-out? Seasonally, this move looks suspicious. I'll explain why in this article.
The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.22%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.83%. Stocks Wednesday saw downward pressure from the +4.1 bp rise in the 10-year T-note...
The latest trading session saw UFP Industries (UFPI) ending at $115.09, denoting a +1.44% adjustment from its last day's close. This change outpaced the S&P 500's 0.19% loss on the day. Meanwhile, the Dow experienced a rise of
The latest trading session saw Tenet Healthcare (THC) ending at $100.38, denoting a +0.42% adjustment from its last day's close. This change outpaced the S&P 500's 0.19% loss on the day. Meanwhile, the Dow experienced a rise o
T-Mobile (TMUS) closed the most recent trading day at $164.09, moving +0.25% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.19%. On the other hand, the Dow registered a gain of 0.1%, and th
In the latest trading session, KeyCorp (KEY) closed at $14.93, marking a +0.81% move from the previous day. The stock exceeded the S&P 500, which registered a loss of 0.19% for the day. Elsewhere, the Dow saw an upswing of 0.1
Cheniere Energy (LNG) closed at $156.83 in the latest trading session, marking a +0.27% move from the prior day. This move outpaced the S&P 500's daily loss of 0.19%. Meanwhile, the Dow experienced a rise of 0.1%, and the tech
April WTI crude oil (CLJ24 ) is up +1.54 (+1.99%), and Apr RBOB gasoline (RBJ24 ) is up +0.0698 (+2.70%). Oil prices are higher today on a bullish U.S. EIA weekly inventory report and on Ukrainian drone strikes on three Russian refineries. Rosneft's Ryazan refinery near Moscow was set ablaze...
On 3/15/24, TPG RE Finance Trust Inc's 5.75% Ser E Cumul Redeemable Perp Preference Shares (Symbol: TRTX.PRC) will trade ex-dividend, for its quarterly dividend of $0.3906, payable on 3/28/24. As a percentage of TRTX.PRC's recent share price of $16.76, this dividend works out t
Ethereum is the second-leading cryptocurrency. While Bitcoin is the undisputed asset class leader, with 52.3% of the total market cap, Ethereum has 17.5%, and its market cap is over four and a half times higher than Tether, the third top crypto. Ethereum reached a bottom in June 2022 and has been on a bullish path, heading for a potential test of the November 2021 all-time high.
The S&P 500 Index ($SPX ) (SPY ) today is down -0.13%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.73%. Stocks today are seeing downward pressure from the +2.4 bp rise in the 10-year...
Apple, which was the market's worst-performing FAANG stock last year, is still holding onto that dubious title in 2024. Will AAPL stock recover and go back up as the company pivots to AI?
MarketAxess Holdings Inc. MKTX leveraged its Emerging Markets (“EM”) platform to support the first Casada trade carried out through the Request-for-Quote ("RFQ") protocol. With Safra being the buy-side client, the move also marks
Willdan Group, Inc. WLDN announced that it has been selected by the City of Paramount for a $12 million energy savings contract.Per the contract, Willdan will offer services for water conservation, along with designing and install
The dollar index (DXY00 ) today is slightly lower by -0.09% following two sessions of small gains. The dollar is slightly lower despite today’s +2.2 bp rise in the 10-year T-note yield and today’s weakness in stocks. The dollar today gave up its small gain seen on Tuesday on the...
Huntington Ingalls Industries Inc.’s HII business segment, Mission Technologies, recently unveiled a new unmanned underwater vehicle (UUV), the REMUS 130, at the Oceanology International 2024 conference and exhibition. This launch
Hewlett Packard Enterprise HPE recently announced that its Wi-Fi 6E-enabled HPE Aruba Networking solution has been selected by Houston Airports. The airport has chosen HPE’s Aruba Networking solution to enhance its wireless and lo
FedEx Corporation FDX is currently embroiled in a complex web of challenges, a situation that we believe has significantly dampened its appeal as an investment option.
Textron Inc.’s TXT business unit, Bell, recently secured a contract involving the AH-1Z helicopters. The award has been offered by the Naval Air Systems Command Patuxent River, MD.
Brightcove BCOV enhanced its streaming technology platform with web-based video editing capabilities. The added feature will help content creators, social media managers, marketers and other users accelerate their video creation,