Infosys is set to report earnings before the open tomorrow Tech name Infosys Ltd (NYSE:INFY) is getting a boost ahead of its upcoming earnings report, due out before the market opens tomorrow, thanks in part to a price-target lift from Wells Fargo. The brokerage upped its target to $10.50 from $8.50. At last check, the shares of the consulting concern were up 2.3% to trade at $10.32. Since a late...Read More
Earnings from Goldman Sachs and JPMorgan Chase will be in the spotlight A flurry of financial names will step into the earnings arena this week, including blue chips Goldman Sachs (GS) and JP Morgan Chase (JPM). Fellow Dow member UnitedHealth (UNH) will also be in the earnings spotlight. There will be plenty of economic data for traders to digest, too. A definite market mover will come on Thursday...Read More
TOWNSHIP OF SIOUX NARROWS-NESTOR FALLS - Today, Greg Rickford, Minister of Energy, Northern Development and Mines, announced the Township of Sioux Narrows-Nestor Falls is receiving $8,500 through the Northern Ontario Heritage Fund Corporation (NOHFC) to undertake a review and update of its existing Highway Corridor Redevelopment Plan.The project will provide opportunities for economic growth and p...Read More
KBH has tacked on 68% over the past 12 monthsHomebuilder KB Home (NYSE:KBH) is seeing a nice lift this afternoon, earlier logging a two-year high of $37.59. The equity has been on a consistent climb higher in the last 12 months, with support at its ascending 80-day moving average pushing the stock to a now 68% year-over-year lead. Looking ahead, the construction name will report fiscal fourth-qua...Read More
Tensions surrounding the U.S. and Iran appear to be fadingThe Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are confidently higher at midday -- and earlier nabbed fresh record highs -- as investors shed some of their initial fears over the conflict between the U.S. and Iran. The tech-rich Nasdaq Composite (IXIC) also hit new highs after Advanced Micro Devices (AMD) got an upgrade...Read More
The FTSE/JSE Africa Platinum Mining Index jumped 4.9% Wednesday, taking its advance this year to 6.5%, as palladium touched an all-time high above $2,100 an ounce.Read full newsRead More
KO has been an outperformer over the past yearShares of Coca-Cola Co (NYSE:KO) are up 1.3% at $55.04, higher on the back of a fresh bull note. Specifically, Credit Suisse upgraded the stock to "outperform" from "neutral," and hiked its price target to a Street-high $64 from $54. The brokerage firm expects growth in revenue, margins, earnings, and cash flow, as well as "low double-digit" growth th...Read More
KENORA - Today, Greg Rickford, Minister of Energy, Northern Development and Mines, announced Ontario is investing $250,000 through the Northern Ontario Heritage Fund Corporation (NOHFC) in the Kenora SportsPlex.The Kenora SportsPlex will be expanded to increase the second-floor viewing area, improve accessibility and maximize use of the playing field area as a regulation-sized field of play. This...Read More
The retailer posted a decline in net holiday salesVictoria secret parent L Brands Inc (NYSE:LB) is up this morning, despite the company posting net holiday sales of $3.9 billion, which came in below estimates. LB also posted a decrease in quarterly sales, and lowered its fourth-quarter outlook to $1.85 from $2 per share. The equity is up 2.7% at $18.60, at last check. Since hitting its nine-year...Read More
"Panther Metals (#PALM) announces that its entire issued share capital has been admitted to the standard segment of the Official List and to trading on the LSEhttps://t.co/P05IQ9we6n"Read full newsRead More
DBVT is on track for its best day in nearly two yearsOne of the better stocks on the Nasdaq this morning is DBV Technologies (NASDAQ:DBVT), up 16.6% to trade at $13.11. The French pharmaceutical company's peanut allergy patch Viaskin showed durable benefits in a study, prompting Stifel to raise its rating to "buy" from "hold." While also upping its price target to $18 from $10, the analyst in cov...Read More
President Trump said Iran "appears to be standing down"U.S. stock futures are higher this morning, as investors digest comments from U.S. President Donald Trump that Iran "appears to be standing down," following the non-fatal ballistic missile attacks on two U.S. military bases in Iraq. Elsewhere, jobless claims fell for the fourth week in a row, despite unemployment rates continuing to roll highe...Read More
"$CELH - Why Insider Activity At Celsius Holdings May Be Sending The Markets A Very Strong Buy Signal. Get more updates here: https://t.co/JYR3xyC3GK #stocks #finance #trading"Read full newsRead More
"$BBBY - Bed Bath & Beyond Inc. (BBBY) Q3 2019 Results - Earnings Call Transcript. Keep reading: https://t.co/FxTMdxzisX #markets #stockmarket #business"Read full newsRead More
"$VPU - Vanguard Utilities ETF: Slow Growth And Expensive Valuation. Read more and get updates on any stock! https://t.co/mMWbZKeePq #investing #stocks #business"Read full newsRead More
"$T - AT&T, Inc. (T) Management Presents at Citi 2020 Global TMT West Conference Call - (Transcript). Continue reading: https://t.co/aHnF8f5aYo #stockmarket #economy #trading"Read full newsRead More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday January 8.Please click...Read More
The three-month zinc price on the London Metal Exchange settled at a two-month high at the close of trading on Wednesday January 8, climbing by just under 2% and breaching the $2,400-per-tonne resistance level against the highest daily trading volumes since September 2019.Zinc's outright price on the LME closed at $2,403 per tonne, its highest closing price since November 13, while daily turnover...Read More
In what some market participants called a short-term move, the nickel briquette premium crept up in the United States on Tuesday January 7, while all other regions had a slow return to business after year-end holidays. Some US sales pushed up the US nickel briquette premium incrementally Europe welcomes a return to contango in the London Metal Exchange nickel forward price spread Shangha...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday January 8 that are worth another look.Escalating tensions between the United States and Iran have not affected appetite in Southeast Asia for Iranian steel products, sources told Fastmarkets.Limited buying interest ahead of national holidays has dragged the Shanghai copper premium to its lowest level in almost three years, whi...Read More