Base Metal Stock Articles

Tech Talk for Tuesday October 4th 2022

04/10/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 59 points in pre-opening trade.Bank of New York Mellon added $1.04 to $40.70 after Citigroup upgraded the stock from Neutral to Buy.Gilead gained $2.00 to $64.72 after JP Morgan upgraded the stock from Neutral to Overweight. Chipotle advanced $17.29 to $1521.99 after Deutsche Bank raised its target price from $1503 to...Read More

Tech Talk for Monday October 3rd 2022

03/10/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 22 points in pre-opening trade.Crude oil gained $2.35 to $82.84 on reports that OPEC + will reduce production by one million barrels per day when they meet this Wednesday.Celanese dropped $0.74 to $90.60 after Deutsche Bank lowered its target price from $140 to $110.Dupont eased $0.25 to $50.16 after Deutsche Bank lowe...Read More

Tech Talk for Thursday September 29th 2022

29/09/2022 / Staff reporter

U.S. equity index futures were lower this morning at 7:30 AM EDT. S&P 500 futures were down 30 points in pre-opening trade..Next estimate of U.S. annualized second quarter real GDP is scheduled for release at 8:30 AM EDT is expected to remain unchanged at -0.6%.Starbucks added $0.19 to $87.30 after the company increased its dividend by 8%.Vail Resorts gained $8.36 to $218.65 after reporting a...Read More

Tech Talk for Wednesday September 28th 2022

28/09/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade.Apple dropped $5.75 to $146.01 after reducing production plans for its Apple 14 iPhone. BlackBerry dropped $0.15 to US$4.94 after reporting lower than consensus fiscal second quarter earnings. Progress Software dropped $0.58 to $40.99 after reporting lower than consensus third quarter pro...Read More

CORRECTED (OFFICIAL)-UPDATE 2-MMG to invest $2 bln at its troubled Peruvian Las Bambas mine

Sep 27 2022 5:12PM / Reuters

(Corrects in second paragraph that parent company MMG and notLas Bambas is planning to double production in 2025 and doubleagain in 2030) By Marcelo Rochabrun and Marco Aquino LIMA, Sept 27 (Reuters) - Chinese miner MMG Ltd expects to invest $2 billion in the next five years toexpand its troubled Las Bambas copper mine in Peru and is eyeingpotential acquisitions to further increase production, an...Read More

METALS-Copper extends losses on firm dollar, growth worries

Sep 27 2022 6:11AM / Reuters

(Recasts with updated prices) By Pratima Desai LONDON, Sept 27 (Reuters) - Copper prices extended theirdowntrend on Tuesday on worries about global growth and demanddue to interest rate hikes, a stronger dollar and climbinginventories. Earlier, copper bounced as the dollar weakened, but thedollar index reversed higher after upbeat U.S. data,including an unexpected rise in new home sales. Benchmar...Read More

Tech Talk for Tuesday September 27th 2022

27/09/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 49 points in pre-opening trade.Index futures were virtually unchanged following release of the August Durable Goods Orders report at 8:30 AM EDT. Consensus estimate was a drop of 0.5% versus a decline of 0.1% in July. Actual was a drop of 0.2%. Excluding transportation orders, consensus was an increase of 0.2% versus a...Read More

Tech Talk for Monday September 26th 2022

26/09/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 future were down 17 points in pre-opening trade. The British Pound dropped another 0.0145 to $1.0705 to an all-time low in overnight trading.Micron dropped $0.40 to $49.70 after Wedbush lowered its target price from $85 to $65.PG&E added $0.64 to $13.25 on news that the stock will be added to the S&P 500 Index this Friday. ...Read More

Tech Talk for Friday September 23rd 2022

23/09/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 45 points in pre-opening trade.The Canadian Dollar was virtually unchanged at US74.00 cents following release of Canada's July Retail Sales. Consensus was a drop of 2.0%. Actual was a drop of 2.5%.WTI Crude oil dropped $3.08 to $80.41 per barrel on strength in the U.S. Dollar. FedEx dropped 1.54 to $153.00 after targe...Read More

Tech Talk for Thursday September 22nd 2022

22/09/2022 / Staff reporter

U.S. equity index futures at 7:30 AM EDT were lower this morning. S&P 500 futures were down 12 points in pre-opening trade. The Bank of England raised its lending rate to major banks from 1.75% to 2.25%.Lennar added $0.55 to $76.47 after reporting higher than consensus fiscal third quarter revenues. The company also raised guidance for the fourth quarter. KB Homes slipped $0.23 to $27.79 after...Read More

Tech Talk for Wednesday September 21st 2022

21/09/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 14 points in pre-opening trade. Focus today is on results from the FOMC meeting scheduled for release at 2:00 PM EDT. Consensus calls for an increase in the Fed Fund Rate by 0.75% and continuation of a program to reduce the Federal Reserve's balance sheet by $95 billion per month.Berkshire Hathaway added $0.27 to $277....Read More

Tech Talk for Tuesday September 20th 2022

20/09/2022 / Staff reporter

Equity Index futures were lower this morning. S&P 500 futures were down 30 points in pre-opening trade.Index futures were virtually unchanged following release of the August U.S. Housing Starts report at 8:30 AM EDT. Consensus was a slip to 1.440 million units from 1.446 million units in July. Actual was an increase to 1.575 million units.The Canadian Dollar slipped 0.13 to US75.11 cents follo...Read More

Tech Talk for Monday September 19th 2022

19/09/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 33 points in pre-opening trade. AutoZone added $1.36 to $2,167.01 after reporting higher than consensus fiscal fourth quarter revenues and earnings. Netflix gained $3.82 to $243.95 after Oppenheimer upgraded the stock to Buy.Take Two Interactive dropped $7.14 to $117.05 after the company reported a hack of Grand Theft...Read More

Tech Talk for Friday September 16th 2022

16/09/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 41 points in pre-opening trade. Volatility and volume on U.S. equity markets are expected to be higher than average. Today is the last trade day for September index and equity options and futures. FedEx plunged $30.86 to $174.01 after lowering fiscal first quarter guidance. Texas Instruments gained $$0.90 to 163.57 af...Read More

Tech Talk for Thursday September 15th 2022

15/09/2022 / Staff reporter

U.S. equity index futures were mixed this morning. S&P 500 futures were up 1 point at 7:30 AM EDT.A tentative labour agreement between railway companies and their unions was reached this morning.A series of U.S. economic news is scheduled to be released before the opening todayAugust Retail Sales released at 8:30 AM EDT are expected to increase 0.5% versus a gain of 0.8% in July. Excluding aut...Read More

Tech Talk for Wednesday September 14th 2022

14/09/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade.Index futures were virtually unchanged following release of the U.S. August Producer Price Index at 8:30 AM EDT. Consensus was a decrease of 0.1% versus a decline of 0.5% in July. Actual was a decrease of 0.1%. On a year-over-year basis, consensus for August PPI was an increase of 8.9% ver...Read More

Tech Talk for Tuesday September 13th 2022

13/09/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 54 points in pre-opening trade.Index futures moved sharply lower following release of the U.S. August Consumer Price Index at 8:30 AM EDT. Consensus was a slip of 0.1% versus unchanged in July. Actual was an increase of 0.1%. On a year-over-year basis, August CPI was expected to increase 8.1% versus a gain of 8.5% in...Read More

Tech Talk for Monday September 12th 2022

12/09/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening trade. General Electric added $0.26 to $74.30 after announcing plans to spin off its healthcare division in January.Bristol Myers Squibb gained $4.62 to $74.78 after the FDA approved Sotyktu, a drug for psoriasis. PayPal added $1.18 to $97.41 after Deutsche Bank raised its target price from $11...Read More

Tech Talk for Friday September 9th 2022

09/09/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 30 points in pre-opening trade.The Canadian Dollar dropped 0.15 to US76.70 cents following release of Canada's August Employment report at 8:30 AM EDT. Consensus was an increase of 15,000 jobs versus a decline of 30,600 in July. Actual was a drop of 39,700. Consensus for the August Unemployment Rate was an increase to...Read More

Tech Talk for Thursday September 8th 2022

08/09/2022 / Staff reporter

U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade.Equity index futures were unchanged after the European Central Bank raised its lending rate to major banks by 0.75% to 1.25%.Game Stop advanced $2.51 to $25.55 after reporting a smaller than expected quarterly loss. Wedbush lowered its target price from $7.50 to $6.00.American Eagle Outfitter...Read More

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