Did the labor market rebound after adding just 98,000 jobs in March?
Thats the question this weeks economic news will answer. Most analystsbelieve job growth resumed its solid pace, but another disappointing showing would raise concerns about the economys health after the anemic first-quarter growth reported by the government on Friday.
Meanwhile, the Federal Reserve isnt expected to raise interest rates at a meeting that concludes Wednesday, but could give clues about a June hike. The week also features data on consumer spending, manufacturing and service-sector activity.
Consumer spending was sluggish in January and February, largely because unusually warm weather crimped demand for utilities. But March was snowier and colder in the Midwest and Northeast, and Nomura economist Lewis Alexander expects a sharp recovery in heating usage. At the same time, a core measure of retail sales picked up smartly as consumers received delayed tax refunds but auto sales continued to drop. Overall, economists expect the Commerce Department to report Monday that consumer spending rose a modest 0.2% in March.
Best Heal Care Stocks For 2018: Chesapeake Energy Corporation(CHK)
- [By Chris Lange]
And Chesapeake Energy Corp. (NYSE: CHK) is expected to report its most recent quarterly results on Thursday. The consensus estimates call for $0.15 in EPS and $2.3 billion in revenue. Shares closed trading at $5.06 on Friday, in a 52-week range of $4.38 to $8.20. The consensus price target is $5.36.
- [By Chris Lange]
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Chesapeake Energy Corp. (NYSE: CHK) which traded down 3.2% at $6.12. The stocks 52-week range is $3.54 to $8.20. Volume was roughly 76.8 million versus the daily average of 38.3 million shares.
- [By WWW.THESTREET.COM]
In the Lightning Round, Cramer was bullish on Treehouse Foods (THS) , TG Therapeutics (TGTX) , Kinder Morgan (KMI) , Magellan Midstream Partners (MMP) , Chesapeake Energy (CHK) and Arconic (ARNC) .
Best Heal Care Stocks For 2018: Vanda Pharmaceuticals Inc.(VNDA)
- [By Roberto Pedone]
Another biotechnology player that looks poised to trigger a big breakout trade is Vanda Pharmaceuticals (VNDA), which is focused on the development and commercialization of clinical-stage drug candidates for central nervous system disorders. This stock has been on fire so far in 2013, with shares up a whopping 258%.
If you take a look at the chart for Vanda Pharmaceuticals, you’ll notice that this stock has recently broke out above some near-term overhead resistance levels at $12.34 to $12.66 a share with solid upside volume. So far, this breakout has held and now shares of VNDA are quickly moving within range of triggering an even bigger breakout trade.
Traders should now look for long-biased trades in VNDA if it manages to break out above its 52-week high at $13.30 a share with high volume. Look for a sustained move or close above that level with volume that hits near or above its three-month average action 908,467 shares. If that breakout hits soon, then VNDA will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $15 to $17 a share.
Traders can look to buy VNDA off any weakness to anticipate that breakout and simply use a stop that sits right below some near-term support at $12 a share. One could also buy VNDA off strength once it takes out $13.30 a share with volume and then simply use a stop that sits a comfortable percentage from your entry point.
Best Heal Care Stocks For 2018: Neometals Ltd (RRSSF)
- [By SEEKINGALPHA.COM]
The other producing lithium miners, and soon to be producers. I have discussed these previously in detail here, here and here. Needless to say, the top 3 producers are non-pure plays (SQM (NYSE:SQM), Albemarle (NYSE:ALB), and FMC Corp. (NYSE:FMC)). The top pure play currently producing miners are Orocobre (ASX:ORE) (OTCPK:OROCF), Tianqi Lithium (SHE:002466), Jiangxi Ganfeng Lithium, Galaxy Resources, Mineral Resources [ASX:MIN] (OTC:MALRF), and Neometals [ASX:NMT] (OTC:RRSSF). The near-term producers include Altura Mining [ASX:AJM] (OTCPK:ALTAF), Pilbara Minerals (ASX:PLS) (OTC:PILBF), Kidman Resources (ASX:KDR), Critical Elements, Nemaska Lithium (OTCQX:NMKEF) [TSX:NMX], Lithium Americas (OTCQX:LACDF) [TSX:LAC], Lithium X (OTCQX:LIXXF) (TSXV:LIX), Neo Lithium, and Bacanora Minerals (OTC:BCRMF) [TSXV:BCN], Advantage Lithium (OTCQB:AVLIF) [AAL], European Metals (OTCPK:MNTCF, ASX:EMH, AIM:EMH) and Pure Energy (OTCQB:PEMIF) [PE].