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Equity Markets Fall as Mexico, Canada Tariffs Set for Next Week
Equity Markets Fall as Mexico, Canada Tariffs Set for Next Week
Feb 27, 2025
03:49 PM EST, 02/27/2025 (MT Newswires) -- US benchmark equity indexes are on track to close lower Thursday as markets reacted to proposed tariffs on Mexico and Canada due to take effect next week. The Dow Jones Industrial Average dropped 0.4% to 43,270.2, while the Nasdaq Composite fell 2.4% to 18,615.7. The S&P 500 shed 1.4% to 5,874.9. Among sectors,...
Sector Update: Tech Stocks Fall in Late Afternoon Trading
Sector Update: Tech Stocks Fall in Late Afternoon Trading
Feb 27, 2025
03:49 PM EST, 02/27/2025 (MT Newswires) -- Tech stocks were declining late Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) falling 2.6% and the SPDR S&P Semiconductor ETF (XSD) dropping 5.2%. The Philadelphia Semiconductor Index slumped 4.7%. In corporate news, Bloomberg reported that Autodesk ( ADSK ) plans to cut jobs as part of a broader effort to...
Sector Update: Health Care
Sector Update: Health Care
Feb 27, 2025
03:34 PM EST, 02/27/2025 (MT Newswires) -- Health care stocks fell late Thursday afternoon with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) both shedding 0.2%. The iShares Biotechnology ETF (IBB) fell 0.8%. In corporate news, Teleflex ( TFX ) agreed to buy most of Biotronik's Vascular Intervention business for 760 million euros ($793.1...
Sector Update: Consumer Stocks Mixed Late Afternoon
Sector Update: Consumer Stocks Mixed Late Afternoon
Feb 27, 2025
03:47 PM EST, 02/27/2025 (MT Newswires) -- Consumer stocks were mixed late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1.1%. In corporate news, J.M. Smucker (SJM) reported a bigger-than-expected decline in fiscal Q3 sales due largely to a supply chain disruption, though earnings unexpectedly...
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Bitcoin Mining Is So Back (Except It's AI Now)
Bitcoin Mining Is So Back (Except It's AI Now)
Jul 18, 2024
Bitcoin is up 7% over the last five days. You know what that means? Bitcoin mining is so back (until bitcoin’s price falls 5% over a five-day stretch again, after which it’ll be so over again). With bitcoin’s price surge, the stock prices of four of the five largest publicly traded miners (measured by total hashrate, or computing power spent...
US Equity Indexes Decline as Taiwan Semiconductor's Q2 Results Fail to Trigger Buying Across Technology
US Equity Indexes Decline as Taiwan Semiconductor's Q2 Results Fail to Trigger Buying Across Technology
Jul 18, 2024
01:47 PM EDT, 07/18/2024 (MT Newswires) -- US equity indexes fell after midday Thursday as Taiwan Semiconductor Manufacturing Company's ( TSM ) results failed to inspire a wave of buying in semiconductor names and jobless claims increased more than forecast. The Nasdaq Composite fell 0.5% to 17,899.3, with the S&P 500 down 0.5% to 5,562.6 and the Dow Jones Industrial...
Forecasting The Future: 10 Analyst Projections For Lattice Semiconductor
Forecasting The Future: 10 Analyst Projections For Lattice Semiconductor
Jul 18, 2024
10 analysts have shared their evaluations of Lattice Semiconductor ( LSCC ) during the recent three months, expressing a mix of bullish and bearish perspectives. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 7 2 1...
OpenAI holds talks with Broadcom about developing new AI chip, the Information reports
OpenAI holds talks with Broadcom about developing new AI chip, the Information reports
Jul 18, 2024
July 18 (Reuters) - ChatGPT maker OpenAI is in discussion with chip designers, including Broadcom ( AVGO ), about developing a new artificial intelligence chip, the Information reported on Thursday, citing people familiar with the matter. OpenAI is exploring the idea of making AI chips on its own to overcome the shortage of expensive graphic processing units that it relies...
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Materion Q2 Adjusted Earnings, Revenue Rise
Materion Q2 Adjusted Earnings, Revenue Rise
Aug 5, 2024
05:35 PM EDT, 08/05/2024 (MT Newswires) -- Materion ( MTRN ) reported Q2 adjusted diluted earnings late Monday of $1.42 per share, up from $1.38 a year earlier. Four analysts surveyed by Capital IQ expected $1.38. Net sales for the quarter ended June 28 were $425.9 million, up from $398.6 million a year earlier. Four analysts polled by Capital IQ...
Primoris Services Q2 Adjusted Net Income, Revenue Rise; Ups 2024 Profit Guidance
Primoris Services Q2 Adjusted Net Income, Revenue Rise; Ups 2024 Profit Guidance
Aug 5, 2024
05:40 PM EDT, 08/05/2024 (MT Newswires) -- Primoris Services ( PRIM ) reported Q2 adjusted net income late Monday of $1.04 per diluted share, up from $0.80 a year earlier. Analysts polled by Capital IQ expected $0.86. Revenue for the quarter ended June 30 rose to $1.56 billion from $1.41 billion a year earlier. Analysts polled by Capital IQ expected...
Cvrx Insider Bought Shares Worth $250,767, According to a Recent SEC Filing
Cvrx Insider Bought Shares Worth $250,767, According to a Recent SEC Filing
Aug 5, 2024
05:34 PM EDT, 08/05/2024 (MT Newswires) -- Kevin Hykes, Director, President & CEO, on August 05, 2024, executed a purchase for 30,000 shares in Cvrx ( CVRX ) for $250,767. Following the Form 4 filing with the SEC, Hykes has control over a total of 30,000 shares of the company, with 30,000 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1235912/000141588924020762/xslF345X03/form4-08052024_080830.xml Price: 8.62,...
Sterling Infrastructure Q2 Earnings, Revenue Rise; 2024 Guidance Raised -- Share Up After Hours
Sterling Infrastructure Q2 Earnings, Revenue Rise; 2024 Guidance Raised -- Share Up After Hours
Aug 5, 2024
05:35 PM EDT, 08/05/2024 (MT Newswires) -- Sterling Infrastructure ( STRL ) reported Q2 earnings late Monday of $1.67 per diluted share, compared with $1.27 a year earlier. Two analysts polled by Capital IQ expected $1.43. Revenue for the quarter ended June 30 was $582.8 million, compared with $522.3 million a year earlier. Two analysts polled by Capital IQ expected...
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Significant Drop in Meme Coin Activity and Prices, What’s Next?
Significant Drop in Meme Coin Activity and Prices, What’s Next?
Aug 1, 2024
Meme coins have been one of the most popular narratives in the first two quarters of 2024. However, there has been a significant cooling off in their market after the intense activity of the spring. In fact, recent findings suggest that only a handful of meme coins have recorded gains over the past 30 days, and these are relatively lesser-known....
Bank of England Follows Europe and Canada by Cutting Interest Rates, Will the Fed Join?
Bank of England Follows Europe and Canada by Cutting Interest Rates, Will the Fed Join?
Aug 1, 2024
The Bank of England lowered the interest rates from 5.25% to 5% earlier today in the first cut since the start of the Covid-19 pandemic in March 2020. Consequently, the UKs central bank has followed the example set by the ECB and the Bank of Canada earlier this summer, prompting questions about the Federal Reserves next move. BoE Turns the...
Ripple Price Analysis: The Reason XRP Crashed by 6% in the Past 24 Hours
Ripple Price Analysis: The Reason XRP Crashed by 6% in the Past 24 Hours
Aug 1, 2024
Ripplrice has been recovering recently, spreading optimism among market participants and XRP investors. Ripple Price Analysis By TradingRage The USDT Paired Chart Looking at the XRP/USDT chart’s daily timeframe, the price has rebounded from the $0.4 support level with momentum. It has reclaimed $0.5 and the 200-day moving average, located around the $0.55 mark. The market is currently testing the...
Bitcoin Price Analysis: BTC Dips Below $64K But Still Within Consolidation Range
Bitcoin Price Analysis: BTC Dips Below $64K But Still Within Consolidation Range
Aug 1, 2024
Bitcoin’s price has been consolidating over the past couple of weeks following a recovery from the $56K support level. This behavior has left investors wondering whether a new record high will be witnessed in the short term. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been moving rangebound between the $64K and $68K levels....
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