Base Metal Stock Articles

Tech Talk for Monday November 21st 2022

21/11/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points in pre-opening trade.Walt Disney advanced $8.19 to $99.99 after Bob Iger was renamed Chief Executive Offices effective immediately. JM Smucker gained $1.60 to $146.14 after reporting higher than consensus fiscal third quarter revenues and earnings. The company also raised guidance for the current fiscal year...Read More

Tech Talk for Friday November 18th 2022

18/11/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 33 points in pre-opening trade.Today is the last trade date for November index and stock options and futures. Volume is expected to be higher than average. Gap Stores $GPS advanced $1.20 to $13.91 after reporting higher than consensus fiscal third quarter revenues. Palo Alto Networks $PANW jumped $8.88 to $165.44 after...Read More

CORRECTED-UPDATE 3-Rio to pursue Turquoise bid after ending talks with minority shareholders

Nov 17 2022 4:59PM / Reuters

(Corrects paragraph 4 to say Rio Tinto raised its offer twiceto C$43, not thrice to C$45. The error also appeared in the previous update of the story) By Melanie Burton MELBOURNE, Nov 18 (Reuters) - Rio Tinto Ltd said on Friday it would plough ahead with a $3.3 billion bid tobuy the 49% of Canada's Turquoise Hill Resources thatit does not already own, after it ended separate talks withdissenting...Read More

Tech Talk for Thursday November 17th 2022

17/11/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 26 points at 7:30 AM EST.U.S. equity index futures were waiting for economic news at 8:30 AM EST. October U.S. Housing Starts are expected to slip to 1.410 million units from 1.439 million units in September. November Philly Fed Index is expected to improve to -8.2 from -8.7 in October. Nvidia gained $2.10 to $161.20...Read More

Tech Talk for Wednesday November 16th 2022

16/11/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade.Index futures improved slightly following release of the October U.S. Retail Sales report at 8:30 AM EST. Consensus was an increase of 0.8%. Actual was an increase of 1.3%. Excluding auto sales, October Retail Sales was expected to increase 0.4% versus a gain of 0.1% in September. Actual...Read More

Tech Talk for Tuesday November 15th 2022

15/11/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 77 points in pre-opening trade.Equity index futures moved higher following release of economic news at 8:30 AM EST. October Producer Price Index was expected to increase 0.4% versus a gain of 0.4% in September. Actual was an increase of 0.2% On a year-over-year basis October PPI was expected to increase 8.3% versus 8.5...Read More

METALS-China demand optimism propels copper to 5-month high

Nov 14 2022 7:02AM / Reuters

(Updates prices, adds comment) By Pratima Desai LONDON, Nov 14 (Reuters) - Copper prices hit nearfive-month highs on Monday on optimism about demand in topconsumer China after officials moved to shore up the country'sproperty sector and ease its strict COVID restrictions. However, selling spurred by a firmer dollar, higherinventories and profit-taking saw copper prices later retreat. Benchmark co...Read More

Tech Talk for Monday November 14th 2022

14/11/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points in pre-opening trade.Bank of America dropped $0.38 to $38.03 after Citigroup downgraded the stock from Buy to Neutral.Biogen gained $16.32 to $305.77 on renewed hopes for approval of its Alzheimer treatment.Teva Pharmaceutical slipped $0.23 to 9.25 after JP Morgan downgraded the stock from Neutral to Underwe...Read More

Tech Talk for Friday November 11th 2022

11/11/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points in pre-opening trade. Today is a partial holiday in the U.S. and Canada. Equity markets are open, but banks and bond markets are closed. Volumes on equity markets are expected to be significantly lower than average. IMAX gained $0.29 to$13.99 after Wedbush added the stock to its "best ideas" listBiogen advanc...Read More

Tech Talk for Thursday November 10th 2022

10/11/2022 / Staff reporter

There will be no Pre-opening comments available today. Technical Notes for yesterdayConsumer Discretionary SPDRs $XLY moved below $133.55 and $132.46 extending an intermediate downtrend.Walt Disney $DIS a Dow Jones Industrial Average stock moved below $90.71 and $90.23 following release of less than consensus fiscal fourth quarter results. Medtronic $MDT an S&P 100 stock moved below $79.4...Read More

Tech Talk for Wednesday November 9th 2022

09/11/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 20 points in pre-opening trade. Index futures responded to Congressional election results that are too close to call.Walt Disney dropped $6.80 to $93.10 after reporting less than consensus fiscal fourth quarter revenues and earnings.Meta Platform added $3.88 to $100.35 after announcing plans to reduce its work force b...Read More

Tech Talk for Tuesday November 8th 2022

08/11/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures added 7 points in pre-opening trade.Mosaic added $0.08 to $50.00 despite reporting slightly less than consensus third quarter revenues and earnings TakeTwo Interactive plunged $17.95 to $90.45 after reporting less than consensus quarterly revenues due to weaker than expected mobile sales. The company also lowered guidance for...Read More

Tech Talk for Monday November 7th 2022

07/11/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points in pre-opening trade.DoorDash gained $1.36 to 52.93 after Oppenheimer raised its rating from Perform to Outperform. Apple dropped $2.39 to $135.99 after announcing a reduction in iPhone 14 shipments.First Solar added $0.95 to $154.57 after Raymond James raised its target price from $145 to $175.Meta Platform a...Read More

Tech Talk for Friday November 4th 2022

04/11/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points in pre-opening trade.S&P 500 futures eased 12 points following release of the U.S. October Employment report at 8:30 AM EDT. October U.S. Non-farm Payrolls was expected to drop to 200,000 from 263,000 in September. Actual was 261,000. October Unemployment Rate was expected to increase to 3.6% from 3.5% in...Read More

Tech Talk for Thursday November 3rd 2022

03/11/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 26 at 7:30 AM EDT.Responses in currency markets to the Federal Reserve's decision released yesterday are continuing this morning. The U.S. Dollar Index has strengthened relative to all developed world currencies. The Canadian Dollar is down another 0.27 to US72.54 cents.The Canadian government is scheduled to release...Read More

Tech Talk for Wednesday November 2nd 2022

02/11/2022 / Staff reporter

U.S. equity index futures were mixed this morning. S&P 500 futures were down 2 points in pre-opening trade. Focus today is the FOMC announcement on monetary policy at 2:00 PM EDT. Consensus calls for an increase in the Fed Fund Rate by 0.75% to 3.75%-4.00% and a $95 billion asset purchase.Advanced Micro Devices $AMD added $2.41 to $62.07 after the company offered positive fourth quarter revenu...Read More

Tech Talk for Tuesday November 1st 2022

01/11/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 41 points in pre-opening trade. Goodyear Tire dropped $1.05 to $11.65 after the company reported lower than consensus third quarter earnings. Stryker fell $11.10 to 218.14 after the company lowered its fourth quarter guidance.Marriott Vacations added $2.22 to $149.88 after reporting higher than consensus third quarter...Read More

METALS-Copper falls on growing fears over Chinese demand

Oct 31 2022 7:45AM / Reuters

(Updates prices) By Peter Hobson LONDON, Oct 31 (Reuters) - Copper prices fell on Mondayas rising COVID-19 cases and weaker-than-expected manufacturingdata in top consumer China raised concerns over demand weakness. COVID restrictions are affecting factories in numerousChinese cities and the yuan fell to its weakest since 2007,making dollar-priced metals costlier for local buyers. Benchmark coppe...Read More

Tech Talk for Monday October 31st 2022

31/10/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 20 points in pre-opening trade.Emerson Electric added $0.57 to $87.97 after the company reported higher than consensus fiscal fourth quarter results. The company also announced sale of a division for $9.5 billion.Keurig Dr. Pepper slipped $0.72 to $38.83 after Truist downgraded the stock from Hold to Sell.DoorDash sli...Read More

Tech Talk for Friday October 28th 2022

28/10/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points in pre-opening trade.Index futures were virtually unchanged following releases of economic news at 8:30 AM EDT: September PCE Price Index, September Personal Income and September Personal Spending.Intel $INTC added $$1.17 to $27.44 after reporting higher than consensus quarterly earnings. Pinterest $PINS gai...Read More

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