NEWS

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Goldman Sachs has been one of the favorite analysts to use as a contrarian indicator at Traders Community. Now we here $GS traders lost $100 million on a Natural gas basis trade last quarter.

Foot Looker $FL has followed fellow sporting goods retailer Dicks Sporting Goods with a distastrous second quarter earnings report sending the stock down 21% premarket. FL missing expectations by 28 cents. Online retailing hitting sales.

Chip equipment supplier Applied Materials $AMAT reported better than expected quarterly earnings after the market close Thursday. $AMAT raised its Guidance with the stock up 4% in the after hours market. 

Base industrial metals drew a breath after the manic buying that saw zinc to the highest level in almost 10 years, we also saw lead and nickle joining in. Iron ore and rebar led the surge a few weeks ago buoying the Australian dollar and stocks.

Retail giant Wal-Mart $WMT on Thursday reported better than expected second-quarter earnings but issued cautious earnings guidance. Notable was its e-commerce sales jumped 60%.

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