Daniel Balakov Research firm Piper Sandler weighed in on a basket of enterprise software stocks on Friday, noting that it has concerns about the weakening macro background and how it could impact lower growth rates for the sector. “We are proactively lowering growth estimates and PTs across our coverage listContinue Reading
Dazman/E+ via Getty Images Rio Tinto (NYSE:RIO) is studying detailed proposals for potential takeover targets, and has approached banks about financing a deal for Teck Resources (TECK), Sky News reported Friday. Rio (RIO) has drawn up a list of potential takeover targets in the wake of BHP’s failed bid forContinue Reading
WisdomTree’s Head of Fixed Income Strategy, Kevin Flanagan argued on Wednesday that future rate cuts by the Federal Reserve could dictate the specific timing of when the yield curve between the shorter end U.S. 2-Year Treasury yield (US2Y) and the longer end U.S. 10-Year Treasury yield (US10Y) will un-invert. “TheContinue Reading
ArLawKa AungTun/iStock via Getty Images Large real estate stocks kicked off the second half of 2024 with a marginal weekly loss despite the optimism surrounding rate cuts, as the state of the sector weighed on sentiment. S&P 500 advanced 1.95% from last week, with the labor market data supporting theContinue Reading
Drew Angerer/Getty Images News Liberty Global (NASDAQ:LBTYA) has evaluated selling a stake in Swiss telecom operator Sunrise ahead of a planned spin-off later this year. Conversations have occurred with investors including the Swiss family office on the topic, according to a Reuters report on Friday, which cited people familiar withContinue Reading
Indigo Division Anglo American (OTCQX:AAUKF) (OTCQX:NGLOY) is considering options to move forward with a sale of its coal business despite last weekend’s explosion at its flagship Grosvenor mine in Australia, including the possibility of selling individual assets or excluding the damaged operation from a potential deal, Bloomberg reported Tuesday. WhileContinue Reading
Led by O’Reilly Automotive (NASDAQ:ORLY), stocks in the auto parts category closed in the red on Monday, after Barclays warned that growth in the do-it-yourself category will remain sluggish due to continued demand headwinds. Barclays analyst Seth Sigman reiterated his Equal-Weight rating for O’Reilly Automotive (ORLY) and his $986 priceContinue Reading
Home improvement and building stocks were under pressure Monday after construction spending was unexpectedly soft in May, down 0.1% from a revised 0.3% increase the month prior. The data weighed on stocks in the category with Home Depot (NYSE:HD) and Lowe’s (LOW) down 2% and 3%, respectively at the closeContinue Reading
RiverRockPhotos/E+ via Getty Images Lundin Mining (OTCPK:LUNMF) is considering a potential sale of two European zinc mines, as the company seeks to focus on copper in Latin America, Bloomberg reported Thursday. Lundin (OTCPK:LUNMF) reportedly is gauging interest in its Zinkgruvan mine in Sweden and Neves-Corvo mine in Portugal, the company’sContinue Reading
Scott Olson/Getty Images News Whirlpool (NYSE:WHR) shares jumped over 11% in early trading on Wednesday after a report that German engineering group Robert Bosch was weighing a bid for the U.S. appliances manufacturer. Citing three people familiar with the matter, Reuters reported that Bosch has been in discussions with potentialContinue Reading
