zhaojiankang/iStock via Getty Images ArcelorMittal (NYSE:MT) said Tuesday it has decided against shutting its Newcastle steel plant in South Africa and is working on a plan to make it viable, more than six months after announcing its closure. The plant in KwaZulu-Natal province makes fencing material, rail, rods and barsContinue Reading
MicroStockHub/iStock via Getty Images JPMorgan believes that a proposed round of tariffs under a potential second Donald Trump U.S. presidency could have a greater impact on consumer prices than they did in the Republican leader’s first term. The imposition of tariffs by Trump, who served as U.S. President from 2017Continue Reading
JENNIFER E. WOLF/iStock Editorial via Getty Images Nutrien (NYSE:NTR), the world’s top producer of crop nutrients, believes fertilizer demand is just now starting to stabilize after the shocks of recent years that caused wild profit swings, CEO Ken Seitz told Bloomberg in an interview Friday. “We are looking at demandContinue Reading
solarseven/iStock via Getty Images Sprout Social (NASDAQ:SPT) was in focus on Thursday as investment firm Baird said it is seeing a “new class of investors” focusing on small-cap stocks, especially those who focus on growth at a reasonable price, or GARP. Shares rose slightly more than 3% in afternoon trading.Continue Reading
jetcityimage Rivian Automotive (NASDAQ:RIVN) is holding an investor event on Thursday on the heels of the electric vehicle maker’s huge announcement of a partnership with Volkswagen (OTCPK:VLKAF). The company published some investor slides ahead of the event that indicated it was reaffirming guidance of 57,000 units of production for 2024.Continue Reading
Sitthipong Pengjan/iStock Editorial via Getty Images Capri Holdings (NYSE:CPRI) edged higher by 0.5% after an investor said he sees the potential for 70% upside for the luxury goods company even if the company doesn’t complete its planned sale to Tapestry (TPR). Maven Investment Partners’ senior portfolio manager Manuel Blanco stillContinue Reading
Dmitry Vinogradov Societe Generale believes the S&P 500 (SP500) is at a “critical juncture” and outlined two scenarios wherein Wall Street’s benchmark index could crater to 4,000 points or soar into ‘bubble’ territory above 6,600 points. The S&P (SP500) has advanced more than 14% YTD, driven by a ferocious rallyContinue Reading
ImagePixel/iStock via Getty Images A U.S. dollar upside is the “probably the most reliable consequence” of the upcoming U.S. presidential election, as markets predictions lead towards a Trump victory. In a Goldman Sachs Economic Research note, Analyst Dominic Wilson wrote that the U.S. dollar (DXY) still remains attractive due toContinue Reading
JHVEPhoto Wolfe Research maintained its Outperform rating on Micron Technology (NASDAQ:MU) and raised the price target on the stock to $200 from $150. The analysts noted that they were raising estimates on Micron heading into the company’s report (earnings on Wednesday) on stronger industry conditions and optimism regarding high bandwidthContinue Reading
Jun. 21, 2024 6:55 PM ETThe Energy Select Sector SPDR® Fund ETF (XLE), USOUCO, DBO, UNG, FCG, USL, UGA, SCO, UNL, BNO, BOIL, KOLD, CRAK, GUSH, DRIP, USOI, NRGU, CO1:COM, NG1:COM, XB1:COM, CL1:COMBy: Carl Surran, SA News Editor SlavkoSereda/iStock via Getty Images Crude oil futures fell on Friday but endedContinue Reading
