Base Metal Stock Articles

Tech Talk for Monday January 16th 2023

16/01/2023 / Staff reporter

U.S. equity markets are closed today for the Martin Luther King Jr. holiday. Trading volume in Canadian equity markets is expected to be significantly below average. International equity markets generally were higher. The DAX Index was up 44.76 to 15,132.17. The CAC Index gained 18.36 to 7,041.62. The Shanghai Composite Index added 32.29 to 3,227.59 moving above intermediate resistance at 3,226.08...Read More

Tech Talk for Friday January 13th 2023

13/01/2023 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 34 points in pre-opening trade. Delta Airlines dropped $1.49 to $38.11 after the company reported lower than consensus fiscal first quarter earnings. JP Morgan slipped $0.14 to $139.49 after reporting less than consensus fourth quarter earnings. Virgin Galactic added $0.55 to $5.17 after the company affirmed commercia...Read More

Tech Talk for Thursday January 12th 2023

12/01/2023 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures at 7:30 AM EST were up 3 points. Focus this morning is on the U.S. December Consumer Price Index to be released at 8:30 AM EST. Consensus is a decline 0.1% versus a gain of 0.1% in November. On a year-over-year basis, December CPI is expected to increase 6.5% versus a gain of 7.1% in November. Excluding food and energy, Decemb...Read More

Tech Talk for Wednesday January 11th 2023

11/01/2023 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 11 points in pre-opening trade.Airline equities and related ETFs are expected to open lower on news that all domestic airline flights have been grounded due to computer problems at the FAA.Coinbase dropped $1.44 to $41.80 after Bank of America downgraded the stock from Neutral to Under Perform. CH Robinson dropped $0.8...Read More

UPDATE 2-Panama says Canada's First Quantum operating without contract

Jan 10 2023 9:27AM / Reuters

(Recasts with Panama's statement) By Milagro Vallecillos and Valentine Hilaire PANAMA CITY, Jan 10 (Reuters) - Panama's government onTuesday doubled down on an order that Canada-based miner FirstQuantum Minerals halt operations at its local coppermine, saying the miner had been operating without a contractsince 2017. Earlier, First Quantum said it would submit an appealagainst Panama's order by t...Read More

Tech Talk for Tuesday January 10th 2023

10/01/2023 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 18 points in pre-opening trade. Investors are waiting for comments this morning from Federal Reserve Chairman Powell at a conference in Europe with other national monetary leaders.Bumble added $0.63 to $20.59 after the stock was upgraded from Sector Weight to Overweight.AT&T gained $0.17 to $19.21 after Wells Farg...Read More

Tech Talk for Monday January 9th 2023

09/01/2023 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points in pre-opening trade.Goldman Sachs added $4.32 to $348.08 after announcing plans to cut 3,200 employees.Lululemon dropped $45.23 to $284.03 after lowering fourth quarter earnings guidance. Tilray dropped $0.10 to $2.85 after reporting a fiscal second quarter loss. Abercrombie & Fitch added $1.21 to $26.41...Read More

Tech Talk for Friday January 6th 2023

06/01/2023 / Staff reporter

U.S equity index futures were higher this morning. S&P 500 futures were up 20 point in pre-opening trade.Index futures moved higher following release of the December Non-Farm Payrolls at 8:30 AM EST. Consensus was an increase of 200,000 versus a downwardly revised gain of 256,000 in November. Actual was an increase of 223,000. December Unemployment Rate was expected to remains unchanged from N...Read More

Tech Talk for Thursday January 5th 2023

05/01/2023 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 20 points in pre-opening trade. Index futures moved lower following release of the U.S. November Trade report at 8:30 AM EST. Consensus was a deficit of $63.1 billion versus a deficit of $78.20 billion in October. Actual was a deficit of $61.5 billionConAgra added $0.95 to $39.60 after the company raised its outlook f...Read More

Tech Talk for Wednesday January 4th 2023

04/01/2023 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 22 points in pre-opening trade.Salesforce.com added $4.35 to$139.13 after the company announced a 10% reduction in its staff.Microsoft dropped $5.37 to $234.20 after UBS downgraded the stock from Buy to Neutral.Target dropped $2.73 to $149.00 after Wells Fargo downgraded the stock from Overweight to Equal Weight.Cornin...Read More

Tech Talk for Tuesday January 3rd 2023

03/01/2023 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 17 points in pre-opening trade. Gold added $11.99 to US$1,835.68. Gold equities and related ETFs are expected to open higher. Tesla dropped $5.08 to $118.10 after the company announced lower than consensus deliveries in December. JP Morgan lowered its target price. PayPal advanced $1.82 to $73.04 after Truist upgraded...Read More

Tech Talk for Friday December 30th 2022

30/12/2022 / Staff reporter

Next Tech Talk report will be released (in the New Year!) on Tuesday January 3rdPre-opening Comments for Friday December 30th 2022U.S. equity index futures were lower this morning. S&P 500 futures were down 26 points in pre-opening trade. U.S and Canadian equity trading activity today is expected to be substantially lower than average today. U.S. equity markets are scheduled to close at their...Read More

METALS-Copper slips on poor demand prospects

Dec 29 2022 5:32AM / Reuters

(Updates prices) By Pratima Desai LONDON, Dec 29 (Reuters) - Copper prices slipped onThursday as surging COVID infections in top consumer China andworries about a global recession fuelled fears of slowing demandfor industrial metals. Benchmark copper on the London Metal Exchange (LME)was down 0.2% at $8,428 a tonne at 1704 GMT. Prices of the metalused widely in the power and construction industri...Read More

Tech Talk for Thursday December 29th 2022

29/12/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 19 points in pre-opening trade. Netflix gained $1.48 to $278.38 after CFRA upgraded the stock from Sell to Buy. Target price was increased from $225 to $310. Walt Disney advanced $0.61 to $84.78 after its latest Avator film surpassed $1 billion globally in box office sales. Pfizer added $0.01 to $50.81 after announcing...Read More

METALS-Copper hits two-week high on easing China COVID controls

Dec 28 2022 6:39AM / Reuters

(Updates prices, adds Port Pirie ramp up) By Pratima Desai LONDON, Dec 28 (Reuters) - Copper prices hit a two-weekpeak on Wednesday as top consumer China's easing of COVIDrestrictions spurred buying, but recession risks andexpectations of weaker demand capped gains. Benchmark copper on the London Metal Exchange (LME)was up 1.1% at $8,444 a tonne at 1705 GMT after touching itshighest since Dec. 14...Read More

Tech Talk for Wednesday December 28th 2022

28/12/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points in pre-opening trade.Boeing added $0.36 to $189.76 after BOC Aviation ordered 40 Boeing 737 Max aircraft.Generac advanced $0.52 to $91.67 after Janney initiated coverage with a Buy rating and a target of $160.Costco gained $0.20 to $458.70 after Cowen upgraded the stock to Top Pick. Home Depot slipped $0.25 to...Read More

Tech Talk for Tuesday December 27th 2022

27/12/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points in pre-opening trade. Canadian equity and bond markets are closed today for the Boxing Day the holiday.The Shanghai Composite Index gained 30.01 to 3,095.57 after announcing plans to dismantle its Zero COVID policy. WTI crude oil gained $0.80 to $80.35 on news that China plans to dismantle its Zero COVID poli...Read More

Tech Talk for Friday December 23rd 2022

23/12/2022 / Staff reporter

Pre-opening Comments for Friday December 23rd U.S. equity index futures were Lower this morning. S&P 500 futures were down 9 points in pre-opening trade. Index futures moved lower following release of a series on economic reports at 8:30 AM ESTNovember Core PCE Price Index was expected to increase 0.3% versus a gain of 0.2% in October. Actual was an increase of 0.1%. On a year-over-year b...Read More

Tech Talk for Thursday December 22nd 2022

22/12/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 20 points in pre-opening trade.Index futures moved lower following release of the updated U.S. third quarter annualized GDP growth report at 8:30 AM EST. Consensus was unchanged at 2.9%. Actual was growth at a 3.2% rate.Micron dropped $0.93 to $50.26 after reporting lower than consensus fiscal first quarter results. T...Read More

Tech Talk for Wednesday December 21st 2022

21/12/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 29 points in pre-opening trade.The Canadian Dollar was virtually unchanged at US73.44 cents following release of Canada's November Consumer Price Index at 8:30 AM EST. On a year-over-year basis November CPI was expected to increase 6.7% versus a gain of 6.9% in October. Actual was an increase of 6.8%. Excluding food an...Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok