thamerpic/iStock Editorial via Getty Images Glencore (OTCPK:GLCNF) (OTCPK:GLNCY) is scrapping plans to sell its stake in Kazakh mining company Kazzinc after bids from potential buyers failed to match its valuation, Bloomberg reported Wednesday. Glencore (OTCPK:GLCNF) (OTCPK:GLNCY) had been considering exiting the business following interest from Chinese buyers, but it hasContinue Reading
Miguel Fernandez Castro/iStock via Getty Images Align Technology (NASDAQ:ALGN) was added as a new short idea at Hedgeye with the potential for 20% downside from current levels. “Our data suggests continued softness in ALGN’s North American GP utilization heading into 2Q24 and slight miss in 2Q24 revenue, a decent catalystContinue Reading
da-kuk/E+ via Getty Images Short interest in the S&P 500 Trust ETF (NYSEARCA:SPY) and the Nasdaq 100 (NASDAQ:QQQM) has reached a record low. There has been a steady decline in the short interest on the two biggest ETFs since the second quarter of 2023, according to a J.P. Morgan GlobalContinue Reading
Torsten Asmus JPMorgan’s global markets strategy team noted that the short interest on the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) and the Invesco QQQ Trust ETF (NASDAQ:QQQ) has fallen to record lows, but cautioned that a reversal in that decline could impact U.S. stocks. The SPY tracks Wall Street’s benchmarkContinue Reading
