Base Metal Stock Articles

METALS-Zinc hits two-month peak as Nyrstar shutdown stokes supply fears

Aug 16 2022 6:41AM / Reuters

(Updates prices) By Eric Onstad LONDON, Aug 16 (Reuters) - Zinc prices hit their strongestin two months on Tuesday after production was suspended at aDutch smelter because of high power prices, stoking fears ofshortages. Benchmark zinc on the London Metal Exchange (LME)jumped by as much as 7.2% to its highest price since June 9 at$3,819 a tonne, representing the biggest one-day gain since lastOcto...Read More

Tech Talk for Tuesday August 16th 2022

16/08/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points in pre-opening trade.Index futures were virtually unchanged following release of the July U.S. Housing Start report at 8:30 AM EDT. Consensus was a decline of 2.5% from June. Actual was drop of 9.6%.The Canadian Dollar was virtually unchanged at US77.49 cents following release of Canada's July Consumer Price...Read More

Tech Talk for Monday August 15th 2022

15/08/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 22 points in pre-opening trade.The Canadian Dollar dropped $0.80 to US 77.43 cents following overnight strength in the U.S DollarEnergy equity prices are expected to open lower after the price of crude oil dropped $4.61 to US$87.48 per barrel.Dillard's added $2.82 to $304.41 after JP Morgan raised its target price fro...Read More

Tech Talk for Friday August 12th 2022

12/08/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 21 points in pre-opening trade. Illumina dropped $44.45 to $182.99 after reporting lower than consensus second quarter earnings. The company also lowered guidance. Blackrock added $1.95 to $730.60 after Deutsche Bank raised its target price from $720 to $860Toast advanced $2.36 to $20.57 after JP Morgan raised its targ...Read More

Tech Talk for Thursday August 11th 2022

11/08/2022 / Staff reporter

U.S equity index futures were higher this morning. S&P 500 futures were up 22 points in pre-opening trade.U.S. equity index futures were virtually unchanged following release of the July U.S. Producer Price Index at 8:30 AM EDT. Consensus was an increase of 0.2% versus a gain of 1.1% in June. Actual was a drop of 0.5% . On a year-over-year basis consensus was an increase of 10.3% versus a gain...Read More

Tech Talk for Wednesday August 10th 2022

10/08/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 60 points in pre-opening trade.Index futures moved higher following release of the U.S. July Consumer Price Index report at 8:30 AM EDT. Consensus was an increase of 0.2% versus a gain of 1.3% in June. Actual was unchanged from June. On a year-over-year basis consensus was an increase of 8.8% versus 9.1% in June. Actua...Read More

Tech Talk for Tuesday August 9th 2022

09/08/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 14 points in pre-opening trade. Micron dropped $2.35 to $59.10 after lowering revenue guidance. Enbridge added $0.45 to Cdn$55.80 on news that Canada and the U.S. are making progress on negotiations to settle the Line 5 pipeline issue. Take Two dropped $3.51 to $122.00 after reporting lower than consensus second quart...Read More

Tech Talk for Monday August 8th 2022

08/08/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 22 points in pre-opening trade.Barrick Gold slipped $0.12 to US$20.17 after reporting less than consensus second quarter revenues and earnings. Pfizer was unchanged at $49.27 following news of its acquisition of Global Blood Therapeutics for $68.50 per share cask. Value of the offer is estimated at $5.4 billion. Global...Read More

Tech Talk for Friday August 5th 2022

05/08/2022 / Staff reporter

 U.S. equity index futures were lower this morning. S&P 500 futures were down 29 points in pre-opening trade. U.S. equity index futures moved lower following release of the July Employment Report at 8:30 AM EDT. Consensus was a drop to 250,000 from upwardly revised 398,000 in June. Actual was an increase to 528,000. Consensus for the July Unemployment Rate was unchanged from June at 3.6%....Read More

Tech Talk for Thursday August 4th 2022

04/08/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for the June Trade Deficit was $82.2 billion versus $85.6 billion in May. Actual was $79.6 billion. Consensus for Weekly Jobless Claims was 260,000 versus 254,000 last week. Actual was 260,0...Read More

Tech Talk for Wednesday August 3rd 2022

03/08/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 24 points in pre-opening trade. Starbucks added $1.98 to $85.69 after reporting higher than consensus fiscal third quarter revenues and earnings. Advanced Micro Devices dropped $6.28 to $93.01 after lowering third quarter guidance below consensus estimates. PayPal gained $8.50 to 498.13 after reporting higher than cons...Read More

Tech Talk for Tuesday August 2nd 2022

02/08/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 Index was down 25 points in pre-opening trade.Pinterest advanced $4.23 to $24.22 after the company released encouraging second quarter results. Elliot Management, an activist investor confirmed recent purchases in the company. Mosaic dropped $1.63 to $49.76 after reporting lower than consensus second quarter revenues and earnings. CF I...Read More

Tech Talk for Monday August 1st 2022

01/08/2022 / Staff reporter

North American equity markets extended their intermediate uptrends last week. Strongest broadly based U.S. equity index was the NASDAQ Composite Index. The TSX Composite joined the trend by moving above its 50 day moving average on Friday. Earnings and Revenue Outlook for S&P 500 companiesConsensus earnings and revenue estimates for S&P 500 companies on a year-over-year basis in the s...Read More

Tech Talk for Friday July 29th 2022

29/07/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 20 points in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for June PCE Price Index was 6.6% versus 6.3% in May. Actual was 6.8%. Excluding food and energy, consensus was unchanged from May on a year-over-year basis at 4.7%. Actual was 4.8%. Consen...Read More

Tech Talk for Thursday July 28th 2022

28/07/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 17 points in pre-opening trade. U.S. equity index futures moved lower following first release of the second quarter real GDP report. Consensus was an increase of 0.3% versus a drop of 1.6% in the first quarter. Actual was a drop of 0.9%.Ford gained $0.84 to $14.03 after reporting higher than consensus second quarter r...Read More

Tech Talk for Wednesday July 27th 2022

27/07/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 32 points in pre-opening trade. Investors are waiting for an update on monetary policy by the Federal Reserve to be released at 2:00 PM EDT.Index futures were virtually unchanged following release of the June Durable Goods Orders report at 8:30 AM EDT. Consensus was a slip of 0.4% versus a gain of 0.8% in May. Actual w...Read More

Tech Talk for Tuesday July 26th 2022

26/07/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 15 points in pre-opening trade. Walmart plunged $7.70 to 124.32 after the company lowered fiscal second quarter and annual guidance. Other major retail stock prices also responded on the downside to the news. Whirlpool gained $3.35 to 168.00 after reporting higher than consensus second quarter results.Cadence Design S...Read More

Tech Talk for Monday July 25th 2022

25/07/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points in pre-opening trade.Newmont Mining slipped $1.68 to $49.71 after reporting lower than consensus second quarter revenues and earnings. Meta Platforms added $0.86 to $170.13 despite a reduction in target price by Mizuho from $325 to $250. Amazon added $1.03 to $123.45 despite a reduction in target price by Opp...Read More

Tech Talk for Friday July 22nd 2022

22/07/2022 / Staff reporter

Equity Index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade.The Canadian Dollar was virtually unchanged at US 77.76 cents following release of Canada's May Retail Sales report at 8:30 AM EDT. Consensus was an increase of 1.6% versus a revised gain of 0.7% in April. Actual was an increase of 2.2%. Excluding auto sales, consensus was an increase of 1.8%...Read More

Tech Talk for Thursday July 21st 2022

21/07/2022 / Staff reporter

U.S equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade. The Euro moved higher following news that the European Central Bank raised its base rate by 0.50%.Index futures were virtually unchanged following release of the July Philly Fed report at 8:30 AM EDT. Consensus was a gain of 1.6 versus a decline of 3.3 in June. Actual was.a drop of 12.3.Te...Read More

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