SimoneN/iStock via Getty Images Freeport McMoRan (NYSE:FCX) shares wobble between small gains and losses Tuesday after the copper producer guided for Q2 consolidated sales volumes nearly 5% below its April forecast of 975M lbs of copper and ~30% below its outlook for 500K oz of gold, citing the delay inContinue Reading
kynny/iStock via Getty Images Raymond James has downgraded shares of WideOpenWest (NYSE:WOW) to “Underperform” from “Market Perform,” citing a lack of upside from the joint offer made by Crestview Partners and DigitalBridge (DBRG) to buy the broadband provider. Early in May, WideOpenWest (WOW) received a buyout proposal at $4.80 perContinue Reading
Faced with the challenge of “navigating macro headwinds that will have a pronounced impact on fiscal 2025” and continued softness in China, Nike (NYSE:NKE) now expects FY25 sales for the sportswear giant to be down mid-single-digits with sales in the first half of the year down by high-single-digits. The companyContinue Reading
Herbert Pictures Airbus (OTCPK:EADSY) (OTCPK:EADSF) on Monday cut its delivery target to about 770 airplanes from roughly 800 for this year. The European aviation giant also pushed back its target for reaching production of 75 narrow-body airplanes a month by a year to 2027. The company also announced fresh chargesContinue Reading
Khanchit Khirisutchalual/iStock via Getty Images Truist downgraded its rating on the Technology sector (SP500-45TR0)(XLK) to neutral from overweight on Friday following a sharp run-up by the group against the S&P 500 (SP500)(SPY). Keith Lerner, chief market strategist at Truist, said Technology has gained about 40% since it overweighted the sectorContinue Reading
