U.S. equity index futures were lower this morning. S&P 500 futures were down 23 points at 8:30 AM EDT.Point Biopharma jumped $5.67 to $12.35 after Eli Lilly offered to purchase the company at $12.50 per share. Value of the offer is $1.4 billion.McCormick dropped $2.32 to $72.40 after reporting less than consensus fiscal third quarter earnings.Apple slipped $1.15 to $172.60 after Citigroup remo...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:30 AM EDT.Nvidia advanced $5.21 to $440.20 after Goldman Sachs upgraded the stock to its Conviction List.FedEx added $10.7 to $265.79 after Susquehanna included the stock on its Positive List. Toast dropped $0.42 to $18.31 after Mizuho downgraded the stock from Buy to Neutral.Chubb dropped $3.23 to $204....Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 25 points at 8:35 AM EDT.Index futures were unchanged following release of U.S. economic news at 8:30 AM EDT. Consensus for the August PCE Price Index was an increase of 0.5% versus a gain of 0.2% in July. Actual was an increase of 0.4%. On a year-over-year basis, consensus was an increase of 3.5% versus a gain of 3.3%...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points at 8:35 AM EDT.Micron dropped $2.90 to $65.31 after reporting less than consensus fiscal fourth quarter revenues.Peloton gained $0.74 to $5.39 and Lulu lemon added $0.96 to $380.00 after announcing a partnership.Weyerhaeuser slipped $0.28 to $30.70 after the company lowered its third quarter outlook. Eq...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points at 8:35 AM EDT.Index futures added 3 points following release of August Durable Goods Orders at 8:30 AM EDT. Consensus was a 0.5% versus a drop of 5.2% in July. Actual was an increase of 0.2%.Costco slipped $8.46 to $544.50 despite reporting higher than consensus fiscal fourth quarter revenues and earnings. C...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 20 points at 8:30 AM EDT.Thor Industries dropped $2.12 to $92.70 after reporting lower than consensus fiscal fourth quarter sales.United Natural Foods dropped $2.41 to $16.51 after the company reported a loss in its fiscal fourth quarter.Ford slipped $0.03 to $12.55 after announcing a pause in construction of a $3.5 b...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points at 8:30 AM EDT. Walt Disney added $0.60 to $81.85 and Netflix gained $3.74 to $383.55 on news that the Writers Guild and the movie studios have reached a tentative labour agreement. Amazon advanced $1.23 o $130.35 after announcing a $4 billion investment in Anthropic, a company involved in Artificial Intelli...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points at 8:35 AM EDT.The Canadian Dollar was unchanged at US 74.49 cents following release of July Canadian Retail Sales at 8:30 AM EDT. Consensus was an increase of 0.4% versus a gain of 0.1% in June. Actual was an increase of 0.3%. Excluding auto sales, consensus was an increase of 0.5% versus a gain of 0.8% in J...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 43 points at 8:35 AM EDT.FedEx gained $14.38 to $264.90 following release of higher than consensus first quarter earnings. The company also offered positive guidance. KB Homes slipped $0.81 to $47.25 despite reporting higher than consensus fiscal third quarter earnings. The company also reported less than consensus sa...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EDT.The Canadian Dollar was unchanged at US 74.64 cents following release of the August Consumer Price Index at 8:30 AM EDT. Consensus was a year-over-year increase of 3.8% versus a gain of 3.3% in July. Actual was an increase of 4.0%. Excluding food and energy, consensus was a gain of 3.7% versus upwa...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points at 8:30 AM EDT.Walt Disney added $0.25 to $85.83. Raymond James launched coverage with an Outperform rating and a $97 target price.DoorDash added $1.77 to $82.70 after Mizuho upgraded the stock from Neutral to Buy.Dropbox fell $0.61 to $26.34 after William Blair downgraded the stockClorox dropped $2.26 to $14...Read More
(Corrects Sept. 15 story to clarify Roxgold is a subsidiary ofFortuna and Jorge Ganoza is CEO of Fortuna not Roxgold) SEGUELA, Ivory Coast, Sept 15 (Reuters) - Canada'sRoxgold, a subsidiary of Fortuna Silver Mines , onFriday opened its gold mine in the north-western region of IvoryCoast, aiming to produce about 130,000 ounces of gold per year,the company said on Friday."We have more than 10...Read More
Equity index futures were mixed this morning. S&P 500 futures were down 1 point at 8:35 AM EDT.S&P 500 futures slipped 3 points following release of the September Empire State Manufacturing Survey at 8:30 AM EDT. Consensus was a recovery to -10.00 from -19.00 in August. Actual was a recovery to +1.9.Today is "quadruple witching" day, the last trading day for listed September equity and ind...Read More
Index futures were higher this morning. S&P 500 futures were up 15 points at 8:35 AM EDT.Index futures dropped five points following release of economic news at 8:30 AM EDT:August Producer Price Index was expected to increase 0.4% versus a gain of 0.3% in July. Actual was an increase of 0.7%. On a year-over-year basis, August PPI was expected to increase 1.2% versus a gain of 0.8% in July. Act...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 2 points at 8:35 AM EDT.Index futures were unchanged following release of the U.S. August Consumer Price Index report at 8:30 AM EDT. Consensus was an increase of 0.6% versus an increase of 0.2% in July. Actual was an increase of 0.6%. On a year-over-year basis, consensus was an increase of 3.6% versus a gain of 3.2%...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points at 8:30 AM EDT.Oracle dropped $6.74 to $119.89 after reporting less than consensus fiscal first quarter revenues. Also, Davidson lowered its target price from $115 to $105.Moderna added $0.91 to $106.71 after the FDA approved its MRNA shots for people older than 12 years.Casey's General Stores added $7.60 to...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 22 points at 8:30 AM EDT.Hostess Foods advanced $4.19 to an all-time high at $32.30 on news that Smucker is close to a deal to buy the company.Tesla advanced $15.83 to $264.33 after Morgan Stanley upgraded the stock to Overweight. Target price was raised to $400.Oracle added $1.50 to an all-time high at $127.82 prior t...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EDTThe Canadian Dollar added 0.13 to 73.46 following release of Canada's August Employment Report at 8:30 AM EDT. Consensus was an increase in employment of 20,000 versus a decline of 6,400 in July. Actual was an increase of 39,900. Consensus was an increase in the Unemployment Rate to 5.6% from 5.5% i...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 25 points at 8:30 AM EDT.Apple dropped $6.79 to $182.91 after the Chinese government prohibited use of iPhones by its employees.BlackBerry dropped $0.44 to US$5.10 after reporting less than consensus fiscal second quarter results. WestRock advanced $3.70 to $35.58 after closing in on a merger with Smurfitkappa. Americ...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points at 8:35 AM EDT.Index futures were unchanged following release of the July U.S. Trade report at 8:30 AM EDT. Consensus was a deficit of $65.50 billion versus a deficit of $65.80 billion in June. Actual was a deficit of $65.00 billion.Enbridge dropped $2.35 to US$32.93 after announcing purchase of U.S. gas dis...Read More