Tag: Primary Metals
-
Tokyo Steel Manufacturing shares jump after guidance raised on strong demand
[ad_1] Tokyo Steel Manufacturing shares 5423, +21.38% rose sharply Monday morning after it posted strong first-quarter results and raised full-year profit guidance. The shares were recently 21% higher at the upper end of the day’s trading range of 1,703 yen. Tokyo Steel said Friday after market close that net profit climbed 30% from a year…
-
Opinion: ‘Overbought does not mean sell.’ Stock bulls and this market have room to run.
[ad_1] The stock market, as measured by the S&P 500 Index SPX, +0.03%, has been posting strong gains. The market has certainly reached overbought levels in a number of ways, but overbought does not mean sell. Confirmed sell signals have not been registered yet. Now that SPX has cleared the 4510 level, the next major…
-
Carvana, AT&T shares rise, and other stocks on the move
[ad_1] Here are some of the most notable stock movers in Wednesday morning action. Stock gainers Shares of AT&T Inc. T, +7.84% and Verizon Communications Inc. VZ, +4.85% were each up in morning action, with AT&T ahead more than 6% and Verizon up more than 4%. AT&T said in a Tuesday court filing that it…
-
AT&T’s stock is on track for first gain in 11 sessions as lead update sparks relief
[ad_1] After failing to close in positive territory for a 10th session in a row Tuesday, AT&T Inc. shares were tracking toward a gain in Wednesday’s premarket activity. The telecommunications stock was up 4% in premarket trades as recent company commentary suggested to some analysts that AT&T’s T, -0.59% exposure to lead-clad cables may not…
-
Canopy Growth loses billions as dream of pot riches runs into harsh reality
[ad_1] The town of Smiths Falls, Ont., cheered when Canopy Growth Corp. and its Tweed brand closed a purchase in 2017 of a famed Hershey chocolate plant that had sat vacant for years. As the first major Hershey HSY factory outside the U.S, the location had been a tourist attraction for chocolate lovers for nearly…
-
Opinion: As S&P 500 hits 2023 highs, it’s all systems go for stock market bulls
[ad_1] The stock market, as measured by the S&P 500 Index SPX, -0.10%, is now racing to new 2023 highs. We continue to recommend holding a “core” bullish position. There is stronger resistance at 4630 but beyond that, the next resistance area is the all-time high just above 4800. As for downside support, look to…
-
Empty vault: Silver dealer to pay $146 million in case of 500,000 missing coins
[ad_1] When investigators went into the vault where Robert Higgins claimed he kept half a million of his customers’ silver coins, all they say they found were empty boxes filled with IOUs. Investigators with the Commodity Futures Trading Commission say the empty vault was the result of a complex coin-leasing scam in which Higgins claimed…
-
Intel stock drops as foundry capacity buildout plans have one analyst predicting a company split
[ad_1] Intel Corp.’s shares underperformed peers, and led the Dow Jones Industrial Average lower Tuesday, following announcements of a capacity buildout ahead of a presentation to investors Wednesday. Intel’s INTC, -3.77% shares finished down 3.8% at $35, making them the worst performer on the Dow Jones Industrial Average DJIA, -0.72% on Tuesday. The Dow finished…
-
Nvidia and Best Buy suggested a pandemic-era tech bottleneck is ending. Now we see for sure
[ad_1] Best Buy Co. BBY Chief Executive Corie Barry said last week she expected the downtrend in tech-product demand to bottom out soon, with a rebound in the second half of the year. Executives for chip maker Nvidia Corp. NVDA said their logjam of products that could not find buyers after a pandemic surge had…
-
20 S&P 500 companies that had the best Q1 on 3 key measures — Buy the stocks?
[ad_1] First-quarter earnings season is just about over for the S&P 500. Then again, with about 20% of the companies having fiscal quarters that don’t match the calendar, it seems the flow of earnings reports never ends. It might seem from media reports that the economy is always facing some sort of crisis, but you…