Jeff Swensen/Getty Images News Alcoa (NYSE:AA) +2.7% post-market Wednesday after disclosing preliminary Q2 results showing sequential increases in revenue, net income, adjusted net income and adjusted EBITDA, helped by higher alumina and aluminum prices. Alcoa (AA) said it expects to report Q2 adjusted earnings of $0.08-$0.19/share, beating $0.07 analyst consensusContinue Reading
scgerding/iStock via Getty Images The Association of American Railroads [AAR] reported on Wednesday that for the week ending July 6, 2024, U.S. rail traffic was 421,817 carloads and intermodal units, up 3.3% year-over-year. Total carloads for the week fell 1.2% to 195,030 carloads, while U.S. weekly intermodal volume was 226,787Continue Reading
Assured Guaranty stock (NYSE:AGO) rose 3.78% after brokerage firm KBW upgraded it to Outperform from Market perform, citing that the company’s valuation at 0.70x year-end book looks very compelling. The stock was trading at $79.60 in the morning on Tuesday. AGO had risen 41.16% in the last 12 months. TheContinue Reading
SlavkoSereda/iStock via Getty Images Crude oil futures fell Monday after Hurricane Beryl hit Texas and weakened to a tropical storm, with little apparent impact on refining activity and limited effects on offshore production. But while Beryl is unlikely to cause significant interruptions in fuel supply, heavy rains and flooding inContinue Reading
hapabapa/iStock Editorial via Getty Images The Schwab Trading Activity Index (“STAX”), a gauge that analyzes retail investor stock positions and trading activity from Charles Schwab’s (NYSE:SCHW) client accounts, jumped to 54.71 in June from 49.05 in May, pulling it up to the “moderate” range. Overall, Schwab’s (SCHW) clients were netContinue Reading
Justin Sullivan/Getty Images News Charles Schwab (NYSE:SCHW) stock advanced 1.5% in Monday morning trading after Keefe, Bruyette & Woods upgraded the online brokerage to Outperform from Market Perform, owing to potentially robust earnings growth in the 2026-2030 period. “With greater confidence in a path forward from here, and with theContinue Reading
Smederevac The Association of American Railroads [AAR] reported on Wednesday that for the week ending June 29, 2024, U.S. rail traffic was 491,899 carloads and intermodal units, up 3.9% year-over-year. Total carloads for the week rose 1.1% to 224,775 carloads, while U.S. weekly intermodal volume was 267,124 containers and trailers,Continue Reading
sasacvetkovic33/E+ via Getty Images Permian Resources (NYSE:PR) +1.8% in Wednesday’s trading as BMO Capital upgraded shares to Outperform from Market Perform with a $21 price target, citing its increased Delaware footprint, plus strong operational and M&A track record, which should support continued organic and inorganic growth plus competitive capital returns.Continue Reading
Services PMI in France increased to 49.60 points in June from 49.30 points in May 2024. Key findings include: New business contraction weighs on services activity; output price inflation slows to marginal pace; business confidence and employment growth ease. “Election uncertainty stalled the French services sector in June. The HCOBContinue Reading
Sean Gallup/Getty Images News PayPal Holdings (NASDAQ:PYPL) rose after Susquehanna Financial upgraded the payments company on the back of an estimated profitable growth. The stock was trading +1.37% Tuesday pre-market at $58.60. Analyst James Friedman raised his recommendation on the stock to Positive from Neutral, with a price target ofContinue Reading
