|Day Low/High||15.43 / 15.94|
|52 Wk Low/High||4.82 / 17.50|
In a glutted market, delays could spell broken contracts.
U.S. stock futures, global markets fall across the board due to oil drifting below $30 per barrel.
It was a surprising day on Thursday as many oil-related companies ended the day in the green.
Jefferies acknowledges that low commodity prices -- specifically in copper and coal -- could pose a problem for the two commodities plays.
We need some cooperation from China and oil. Please.
Earnings week kicked off on a day that saw modest gains in the S&P 500 and oil reaching new lows.
Commodities tick even lower and Freeport-McMoRan continues to feel pain.
My thoughts on the day as we approach the closing bell: Very whippy market with a negative bias thus far. I have been quite bearish for some time, but I believe we are close to a tradeable bounce. On a near-term basis we are oversold; indeed, S&P fu...
As Alcoa gets set to kick off earnings season, what will be the fallout of the spinoff?
China has to become a more positive force in the world.
Analysts at Macquarie acknowledge that commodites markets are weak and companies in the industry have high debt loads.
Moody's put the natural-resources company's debt under review on weak commodity prices, which then fell further.
Wall Street made a last-ditch effort to end the year in the green in a broad rally that covered all sectors on Tuesday.
Here's the remainder of my 15 Surprises for 2016 (click here for part one). Again, these aren't "predictions" for 2016, but rather a list of potential events that have a reasonable chance of occurring. Again, I call them "possible improbable events"...
And four other things you need to know now.
After a difficult year, chairman and co-founder James Moffett steps down.
Too many people are gone and too many sorry agendas are being played out to make any sense or be rational this week.
Aluminum is making one-month highs and platinum is narrowing its discount to gold.
Don't be fooled, they looked oversold before.
Gold equities are preferable now; more banks are getting out of commodities.
Not time to panic yet, but keep a close watch on events.
The mega-investor thinks they're ready to 'blow up,' but they won't.
"It is simple and self-evident (that) the high-yield bond market is just a keg of dynamite that will sooner or later blow up." -- Carl Icahn, CNBC's Fast Money (Dec. 11, 2015) Wrong, Carl! It's neither simple nor self-evident! I believe Icahn is wro...
Concerns over trillions of dollars in energy and commodity-related debt could be a catalyst for panicky market action ahead.
Miners aren't faring any better as dividends get cut and layoffs climb.
At least at this point it's tradeable, but it may depend on what Carl Icahn does.
And, why not chase Alcoa instead of Freeport-McMoRan?
I've recently reduced my aggregate short exposure to only slightly net short from a previous position of greater than medium-sized net short. I covered all of my shorts of the SPDR S&P 500 ETF (SPY) and PowerShares QQQ ETF (QQQ). I also re-establish...