Day: July 6, 2022

Base Metals
Nickel and Cobalt-Based Alloys

Tycoon Whose Bet Broke the Nickel Market Walks Away a Billionaire

(Bloomberg) — By 2:08 p.m. Shanghai time on March 8, it was clear that Xiang Guangda’s giant bet on a fall in nickel prices was going spectacularly wrong. Futures had just skyrocketed above $100,000 a ton and his trade was more than $10 billion underwater. It was threatening not only to bankrupt Xiang’s company, but […]

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Tech Industry
Tech Stocks

Betting Against Tech Is Finally a Winning Trade as Short Sellers Sit on $20 Billion Profit

(Bloomberg) — Betting against tech has become a winning trade, with short sellers sitting on billions in paper profits as growth stocks slump. A historic rout in the so-called FAANG cohort — Facebook owner Meta Platforms Inc., Apple Inc., Inc., Netflix Inc. and Google parent Alphabet Inc. — has delivered $19.8 billion in mark-to-market […]

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Food Products
Trade Of The Day

You Don’t Want To Miss Out On The Hershey Company (HSY)

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. HSY $220.6400 2.3000 % 1.0500 Hershey Foods Corp Sector : Consumer Staples Industry : Food […]

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Top Stocks
Top Stocks To Watch

3 Insurance Broker Stocks To Buy Now

Arthur J. Gallagher & Co. (AJG) Arthur J. Gallagher & Co., together with its subsidiaries, provides insurance brokerage, consulting, third-party claims settlement, and administration services in the United States, Australia, Bermuda, Canada, the Caribbean, New Zealand, India, and the United Kingdom. Aon plc (AON) Aon plc, a professional services firm, provides advice and solutions to […]

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Food Prices

Food Inflation Fears Abate as Cooking Oils and Grains Plummet

(Bloomberg) — Worries over surging global food costs are easing as prices of everything from cooking oils to wheat and corn tumble to the lowest levels in months on increasing physical supplies and as investors reduce their bullish bets on futures markets. Palm oil, the world’s most consumed edible oil, has plunged more than 40% […]

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Daily Rundown
Real Estate
Retail Stores

Insurance, Retail Stores, REIT, Real Estate, Software

Brown & Brown, Inc. (BRO) Brown & Brown, Inc. markets and sells insurance products and services in the United States, Bermuda, Canada, Ireland, the United Kingdom, and the Cayman Islands. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. Dollar Tree, Inc. (DLTR) Dollar Tree, Inc. operates discount variety retail stores. It […]

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Crypto Crash

Bitcoin Hints at a Bottom, But It May Be Different This Time

(Bloomberg) — It’s a perennial exercise whenever an asset is mired in a prolonged and deep drawdown: People look at the charts, they go over this or that indicator and they get their checklists out to try to figure out when it might find a floor. For Bitcoin, there’s plenty of such action happening right […]

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Interest Rates
Low Interest Rates
Rising Interest Rates

Fed Minutes Could Bolster Bets for 75 Basis-Point Hike in July

(Bloomberg) — The Federal Reserve will unveil details of what policy makers debated last month that may shed light on how they view the near-term path for interest rates amid surging inflation and signs of a slowing economy. Chair Jerome Powell has said the Fed could hike by either 50 basis points or 75 basis […]

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Electric Power
One Hot Stock

Genie Energy Ltd. (GNE)- Buy Price: $9.30 or better

Buy Price: $9.30 or better Sell Price: TradersPro Sell Signal Genie Energy Ltd., through its subsidiaries, supplies electricity and natural gas to residential and small business customers in the United States, Finland, Sweden, Japan, and internationally. It operates in three segments: Genie Retail Energy (GRE); GRE International; and Genie Renewables. The stocks founds in the One […]

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Consumer Retail
Drug Stores
Healthcare Solutions
Value Investing
Value Stocks

WBA’s bear market might be a good thing for bargain hunters

When you filter through all the noise about inflation, interest rates, and war, the big story in the stock market for 2022 really comes down to the drop to bear market levels that has taken down just about every sector of the economy. The big question that remains is whether the economy will actually follow […]

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Oil Bulls
Oil Crash
Oil Price

Oil Extends Its Decline as Growth Concerns Stoke Mammoth Drop

(Bloomberg) — Oil dropped below $100 a barrel, with Goldman Sachs Group Inc. saying that a plunge driven by fears a recession will hurt demand was overdone. West Texas Intermediate fell as much as 1.9% to trade around $98 a barrel. Brent crude fell over more than $10 on Tuesday, its third-largest ever in dollar […]

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Base Metals

Copper Crash Deepens as Recession Fears Dominate Metals Trading

(Bloomberg) — Copper plunged below $7,500 a ton as fears of a global economic slowdown piled pressure on industrial metals and deepened their retreat from record highs just months ago. Investors are fretting over a range of threats to demand, from Europe’s gas crisis to a US slowdown and renewed virus flare-ups in China. After […]

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