Base Metal Stocks Articles

Tech Talk for Wednesday July 17th 2024

17/07/2024 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 52 points at 8:35 AM EDT. S&P 500 futures were unchanged following release of June U.S. Housing Starts at 8:30 AM EDT. Consensus called for an increase to 1.31 million units from 1.277 million units in May. Actual was an increase to 1.353 million units.Gold added US$10.80 to $2478.60 per ounce to an all-time highF...Read More

Tech Talk for Tuesday July 16th 2024

16/07/2024 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 14 points at 8:35 AM EDTS&P 500 futures added 5 points following release of June U.S. Retail Sales at 8:30 AM EDT. Consensus was a drop of 0.4% versus a gain of 0.1% in May. Actual was unchanged.The Canadian Dollar slipped 0.08 to US$73.07 following release of Canada's June Consumer Price Index at 8:30 AM EDT. Cons...Read More

Tech Talk for Monday July 15th 2024

15/07/2024 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 24 points at 8:35 AM EDT.S&P 500 futures were unchanged following release of the July Empire State Manufacturing Survey at 8:30 AM EDT. Consensus was an improvement to -5.50 from -6.00 in June. Actual was -6.60.Cleveland Cliffs slipped $0.42 to $15.75 after reaching an agreement to purchase Stelco Holdings for a ca...Read More

Tech Talk for Friday July 12th 2024

12/07/2024 / Staff reporter

U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EDTS&P 500 futures were unchanged following release of the June U.S. Producer Price Index at 8:30 AM EDT. Consensus was an increase 0.1% versus downwardly revised unchanged in May. Actual was an increase of 0.2%. On a year-over-year basis, June PPI was expected to increase 2.3% versus a gain of 2.1...Read More

Tech Talk for Thursday July 11th 2024

11/07/2024 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:35 AM EDT.S&P 500 futures added 20 points following release of the June U.S. Consumer Price Index at 8:30 AM EDT. Consensus was an increase of 0.1% versus no change in May. Actual was a drop of 0.1%. On a year-over-year basis, consensus was an increase of 3.1% versus a gain of 3.3% in May. Actual was...Read More

Tech Talk for Wednesday July 10th 2024

10/07/2024 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points at 8:30 AM EDT. LegalZoom.com dropped $0.90 to $6.95 after the company lowered its sales outlookCummins added $0.32 to $269.00 after the company raised its quarterly dividend. Taiwan Semiconductor added $3.94 to $188.46 after reporting a 40% increase in second quarter revenues. Spotify dropped $4.55 to $307.0...Read More

Tech Talk for Tuesday July 9th 2024

09/07/2024 / Staff reporter

      Tuesday July 9thU.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:30 AM EDT.Federal Reserve Chairman Jerome Powell is slated to testify before a Congressional Committee at 11:00 AM EDT on state of the economy.Helen of Troy dropped $25.01 to $64.00 after reporting less than consensus fiscal first quarter revenues and earning...Read More

Tech Talk for Monday July 8th 2024

08/07/2024 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points at 8:30 AM EDTMorphic Holding advanced $24.57 to $56.41 after Eli Lilly agreed to purchase the company at $57.00 per share. Value of the offer is $3.2 billion. Paramount Global added $0.28 to $12.09 after the company agreed to a merger with Skydance.Corning added $2.71 to $41.15 after the company raised second...Read More

Tech Talk for Friday July 5th 2024

05/07/2024 / Staff reporter

U.S. equity index futures were mixed this morning. S&P 500 futures were up 6 points at 8:35 AM EDT.S&P 500 futures added 4 points following release of the June U.S. Non-farm Payrolls report at 8:30 AM EDT. Consensus was a drop to 189,000 from 272,000 in May. Actual was a drop to 206,000. June Unemployment Rate was expected to remain unchanged from May at 4.0%. Actual was an increase to 4.1...Read More

Tech Talk for Wednesday July 3rd 2024

03/07/2024 / Staff reporter

Next Tech Talk report is released on Friday. U.S. equity markets are closed tomorrow. Trading activity in Canadian equity markets are expected to be low. U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:30 AM EDTU.S. equity markets close today at 1:00 PM EDT.Gold gained $30.10 to US$2,363.40 per ounce in overnight trade.Eli Lilly gained $3.29 to $910.0...Read More

Tech Talk for Tuesday July 2nd 2024

02/07/2024 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 22 points at 8:30 AM EDT. Federal Chairman Jerome Powell is scheduled to speak at 9:30 AM EDTWTI Crude Oil added $0.72 to US$84.18 as Hurricane Beryl moves toward the Gulf of Mexico, an important crude oil producing area. Carnival Cruise dropped $0.20 to $17.51 in response to the approach by Hurricane BerylMSC Industr...Read More

Tech Talk for Monday July 1st 2024

01/07/2024 / Staff reporter

The stage is set for the Summer Rally. See comments below Economic News This WeekSource: www.Investing.comJune ISM Manufacturing PMI released at 10:00 AM EDT on Monday is expected to increase to 49.2 from 48.7 in May.May U.S. Construction Spending released at 10:00 AM EDT on Monday is expected to increase 0.3% versus a decline of 0.1% in April.Federal Reserve Chairman Powell speaks to Congres...Read More

Tech Talk for Friday June 28th 2024

28/06/2024 / Staff reporter

U.S equity index futures were higher this morning. S&P 500 futures were up 18 points at 8:35 AM EDT.S&P 500 futures slipped 4 points following release of economic news at 8:30 AM EDT. Core May PCE Price Index was expected to increase 0.1% versus a gain of 0.2% in April. Actual was unchanged. On a year-over-year basis, Core May PCE Price Index was expected to drop to 2.6% from 2.8% in April...Read More

Tech Talk for Thursday June 27th 2024

27/06/2024 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points at 8:35 AM EDT.U.S. equity index futures recovered 5 points following release of economic news at 8:30 AM EDT: May Durable Goods Orders were expected to decrease 0.6% versus a gain of 0.7% in April. Actual was an increase of 0.1%. Updated U.S. first quarter annualized real GDP growth was expected to remain un...Read More

Tech Talk for Wednesday June 26th 2024

26/06/2024 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points at 8:30 AM EDT.Rivian jumped $6.49 to $18.45 after Volkswagen announced a joint venture where Volkswagen committed up to a $5 billion investment.FedEx advanced $38.36 to $295.00 after the company announced higher than consensus fiscal fourth quarter results. The company also announced plans to spin off one of...Read More

Tech Talk for Tuesday June 25th 2024

25/06/2024 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures added 8 points at 8:35 AM EDT.The Canadian Dollar rose 0.20 to US73.32 cents following release of Canada's May Consumer Price Index at 8:30 AM EDT. Consensus was an increase of 0.3% versus a gain of 0.5% in April. Actual was an increase of 0.6%. On a year-over-year basis, consensus was an increase of 2.6% versus a gain of 2.6%...Read More

Tech Talk for Monday June 24th 2024

24/06/2024 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points at 8:30 AM EDT.Gold added $6.50 to$2,338.00 after JP Morgan noted its "structurally bullish" opinion on Gold and Silver. Target for gold in 2025 is $2,600. Target for silver is $34.Anheuser Busch added $1.72 to $60.78 after UBS upgraded the stock to buy.BioNTech advanced $2.05 to $86.69 after the FDA gave its...Read More

Tech Talk for Friday June 21st 2024

21/06/2024 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points at 8:30 AM EDT. Today is "Quadruple Witching Day", the last trade day for U.S. listed June equity and index options and futures. Volume and volatility in U.S. markets are expected to be higher than usual.Delta Airlines added $0.02 to $49.63 after announcing a 50% increase in its dividend.CarMax gained $0.84...Read More

Tech Talk for Thursday June 20th 2024

20/06/2024 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 17 points at 8:35 AM EDT.S&P 500 futures slipped 2 points following release of economic news at 8:30 AM EDT. Consensus for May U.S. Housing starts was an increase to 1.380 million units from 1.360 million units in April. Actual was a drop to 1.277 million units. Consensus for the June Philly Fed Index was an increa...Read More

Tech Talk for Tuesday June 18th 2024

18/06/2024 / Staff reporter

U.S. equity index futures were mixed this morning. S&P 500 futures were up 1 point at 8:35 AM EDT.U.S. equity index futures were unchanged following release of May U.S. Retail Sales at 8:30 AM EDT. Consensus was an increase of 0.2% versus revised down 0.2% in April. Actual was a 0.1% increase. Lennar dropped $2.81 to $153.70 despite reporting higher than consensus fiscal second quarter revenue...Read More

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