Commodities

Source: Lior Gantz for The Gold Report   06/26/2017 Lior Gantz, editor of Wealth Research Group, discusses the GDXJ rebalance and its significance for one company. The research for this moment started well before last week. It goes back to May 3, when I obtained the estimated number of...

Bank of America Merrill Lynch downgraded shares of Corenergy Infrastructure Trust Inc (NYSE: CORR), citing the uncertain growth outlook, year-to-date performance relative to the midstream MLP sector and a still somewhat elevated business risk profile. Unsustainable Uptrend? Analysts led by Gabe...

Shares of Arconic Inc (NYSE: ARNC) plunged 6 percent after the company said it was pulling its facade material — used as cladding for the London high-rise fire that killed at least 79 people earlier this month — off the global market. Arconic, which was spun off from Alcoa Corp (NYSE:...

Toward the end of trading Monday, the Dow traded up 0.19 percent to 21,434.44 while the NASDAQ declined 0.21 percent to 6,251.93. The S&P also rose, gaining 0.11 percent to 2,441.00. Leading and Lagging Sectors Utilities shares rose by 0.85 percent in the US market on Monday. Top gainers in...

The Utilities SPDR (ETF) (NYSE: XLU) is up more than 10 percent so far in 2017, but utility stocks may have finally exhausted their positive momentum. Goldman Sachs analyst Michael Lapides has downgraded the utilities sector from Neutral to Cautious and says valuation is becoming a concern....

The price of gold fell to a multiweek low on Monday after a trader made a grave mistake. Spot gold fell around 1 percent Monday morning to trade as low as $1,236.46, which marks the lowest level the commodity has seen since May 17, Bloomberg reported. U.S. gold futures also lost nearly 1 percent to...

Midway through trading Monday, the Dow traded down 0.01 percent to 21,392.82 while the NASDAQ declined 0.46 percent to 6,236.49. The S&P also fell, dropping 0.01 percent to 2,438.12. Leading and Lagging Sectors Utilities shares rose by 0.91 percent in the US market on Monday. Top gainers in...

Last week’s blow to oil and the sideways trading during most market sessions may see a repeat this week as investors prepare to wind down for the long 4th of July weekend. There’s not a lot in the pipeline this week that would typically drive trading, but a handful of reports on the...

Following the market opening Monday, the Dow traded up 0.42 percent to 21,485.40 while the NASDAQ climbed 0.25 percent to 6,280.87. The S&P also rose, gaining 0.37 percent to 2,447.22. Leading and Lagging Sectors Non-cyclical consumer goods & services shares rose by 0.86 percent in the US...

Gold stocks were moving on high volume in Monday’s pre-market session on anticipation of and reaction to May’s durable goods data, released at 8:30 a.m ET. The change in new orders for manufactured durable goods can have an impact on whether the Federal Reserve will continue with rate...

After reports surfaced earlier this month that President Donald Trump is considering covering his proposed border wall with Mexico in solar panels, solar investors finally got to hear the words right from the horse’s mouth this week. On June 21, Trump told supporters in Iowa that a “...

Toward the end of trading Friday, the Dow traded up 0.03 percent to 21,403.48 while the NASDAQ climbed 0.50 percent to 6,267.81. The S&P also rose, gaining 0.24 percent to 2,440.34. Leading and Lagging Sectors Basic materials shares rose by 0.74 percent in the US market on Friday. Top gainers...

Midway through trading Friday, the Dow traded up 0.06 percent to 21,409.43 while the NASDAQ climbed 0.24 percent to 6,251.37. The S&P also rose, gaining 0.19 percent to 2,439.20. Leading and Lagging Sectors Basic materials shares rose by 0.70 percent in the US market on Friday. Top gainers in...

After a rough start to 2017, steel investors may have a better go of it in the second half of the year. Deutsche Bank analyst Jorge Beristain has upgraded a handful of steel and aluminum stocks and is now constructive on steel prices following a sluggish second quarter. U.S. hot-rolled coil prices...

Markets were mixed at the open, as investors appear to be bracing for what is typically the busiest Friday of the summer days of trading when the Russell U.S. indexes undergo their annual rebalancing act. Oil might grab a spotlight again today but might also be vying for attention with bank stocks...