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Sector Update: Financial
Sector Update: Financial
Mar 28, 2024
01:33 PM EDT, 03/28/2024 (MT Newswires) -- Financial stocks advanced in Thursday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each rising 0.4%. The Philadelphia Housing Index climbed 1%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 0.5%. Bitcoin (BTC-USD) rose 1.8% to $70,705, and the yield for 10-year US Treasuries...
Sector Update: Tech Stocks Mixed Thursday Afternoon
Sector Update: Tech Stocks Mixed Thursday Afternoon
Mar 28, 2024
01:43 PM EDT, 03/28/2024 (MT Newswires) -- Tech stocks were mixed Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.3% and the SPDR S&P Semiconductor ETF (XSD) up 0.4%. The Philadelphia Semiconductor index edged down 0.1%. In corporate news, Apple ( AAPL ) shares fell 1.3% after DZ Bank downgraded the tech giant to hold from buy...
Sector Update: Energy
Sector Update: Energy
Mar 28, 2024
01:29 PM EDT, 03/28/2024 (MT Newswires) -- Energy stocks were higher Thursday afternoon, with the NYSE Energy Sector Index rising 0.8% and the Energy Select Sector SPDR Fund (XLE) up 0.9%. The Philadelphia Oil Service Sector index was posting a 0.9% increase and the Dow Jones US Utilities index was rising 0.5%. Front-month West Texas Intermediate crude oil was rising...
Sector Update: Health Care
Sector Update: Health Care
Mar 28, 2024
01:35 PM EDT, 03/28/2024 (MT Newswires) -- Health care stocks were higher Thursday afternoon, with the NYSE Health Care Index adding 0.4% and the Health Care Select Sector SPDR Fund (XLV) up 0.2%. The iShares Biotechnology ETF (IBB) decreased 0.3%. In corporate news, Walgreens Boots Alliance ( WBA ) lowered the high end of its full-year earnings outlook, even though...
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STMicroelectronics CEO says China is a growth market despite US chip war
STMicroelectronics CEO says China is a growth market despite US chip war
Mar 12, 2024
AMSTERDAM, March 12 (Reuters) - China remains an important growth market for French-Italian semiconductor STMicroelectronics, despite increasing U.S-China tensions over semiconductors, the company's chief executive said on Tuesday. Speaking at a Citi technology conference in London, CEO Jean-Marc Chery said the company is not daunted by plans by Chinese chipmakers to invest in relatively older generations of chips, following a...
S&P Revises Outlook on BCE to Negative on Higher Leverage
S&P Revises Outlook on BCE to Negative on Higher Leverage
Mar 12, 2024
10:44 AM EDT, 03/12/2024 (MT Newswires) -- S&P Global Ratings on Monday revised the outlook on BCE (BCE.TO) and its related entities to negative from stable and affirmed all ratings on the company, including its BBB+ issuer credit rating. The negative outlook reflects the risk of a downgrade within the next 12-months if we believe the company is unable to...
Evaluating Datadog: Insights From 18 Financial Analysts
Evaluating Datadog: Insights From 18 Financial Analysts
Mar 12, 2024
Datadog ( DDOG ) underwent analysis by 18 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 6 9 3 0 0 Last...
Earnings Preview: Magic Software
Earnings Preview: Magic Software
Mar 12, 2024
Magic Software ( MGIC ) is set to give its latest quarterly earnings report on Wednesday, 2024-03-13. Here's what investors need to know before the announcement. Analysts estimate that Magic Software ( MGIC ) will report an earnings per share (EPS) of $0.19. Magic Software ( MGIC ) bulls will hope to hear the company announce they've not only beaten...
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Village Farms Shares Rise After Company Posts Q2 Profit
Village Farms Shares Rise After Company Posts Q2 Profit
Aug 11, 2025
10:29 AM EDT, 08/11/2025 (MT Newswires) -- Village Farms International ( VFF ) shares were up more than 19% in recent Monday trading following its Q2 results. Earlier, the company reported Q2 earnings of $0.24 per diluted share, compared a loss of $0.21 a year earlier. Three analysts polled by FactSet expected a loss of $0.01 Sales for the quarter...
Ford's new line of affordable vehicles to start at about $30,000
Ford's new line of affordable vehicles to start at about $30,000
Aug 11, 2025
* Ford aims to compete with cost-efficient Chinese EVs * Automaker says new midsize pickup will target $30,000 price * Company has scaled back EV goals and delayed launches By Nora Eckert DETROIT, Aug 11 (Reuters) - Ford plans to start rolling out its new family of affordable electric vehicles in 2027, including a midsize pickup truck with a target...
Avantor Reaffirms Growth Strategy Amid Pressure From Activist Eugene Capital
Avantor Reaffirms Growth Strategy Amid Pressure From Activist Eugene Capital
Aug 11, 2025
10:28 AM EDT, 08/11/2025 (MT Newswires) -- Avantor ( AVTR ) said Monday that its board remains committed to driving growth, expanding margins and creating sustained shareholder value in response to activist investor Engine Capital's call to explore options, including a sale or restructuring. Avantor ( AVTR ) said it is acting with urgency to strengthen performance in laboratory solutions...
Almonty Poised to Become Largest Tungsten Miner Outside China, Russia, Oppenheimer Says
Almonty Poised to Become Largest Tungsten Miner Outside China, Russia, Oppenheimer Says
Aug 11, 2025
10:31 AM EDT, 08/11/2025 (MT Newswires) -- Almonty Industries ( ALM ) is poised to become the world's largest miner of tungsten outside of China and Russia, Oppenheimer said in a Monday note. As the US Department of Defense implements bans on non-friendly-sourced critical materials and China restricts the export of tungsten and other rare earths, Almonty is expected to...
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