Entries by MT Newswires

Weekly Commodities ETF Report: Crude, Gold Surge as Middle East Tensions Rise Following Death of Top Iranian General in US Forces Assault in Iraq

(MT Newswires) – Crude surged higher Friday, closing at $61.18. and rounding out the week with gains of 2.04%, following the overnight killing of Iran’s top military commander in a US drone strike outside Baghdad. The US said late Thursday that it killed Gen. Qassem Soleimani in an airstrike near the airport in Iraq’s capital […]

Weekly Commodities ETF Report: Crude, Gold Close Week Higher on Upbeat Sentiment Following Phase One Trade Deal

(MT Newswires) – Crude rose to the highest level in three months early Friday on optimism after a partial “phase-one” trade deal was announced in which China failed to commit to a specific dollar amount of purchases and the Trump administration removed the threat of any new import tariffs on Sunday. The Office of the […]

Weekly Commodities ETF Report: Crude Hits 3-Month High as OPEC+ Pledges to Cut Production; Gold Sinks as Dollar Jumps on Upbeat US Jobs Data

(MT Newswires) – Crude rose the highest in nearly three months on Friday as the Organization of the Petroleum Exporting Countries (OPEC) and Russia agreed to produce 500,000 barrels per day less oil in the first quarter of 2020. This was followed by Saudi Arabia’s announcement that it will produce 400,000 bpd below its OPEC […]

Roku Valuation Seen Difficult to Sustain Due to Gross Margins, Profit Declines, Morgan Stanley Says

8:58 AM, Dec 2, 2019 — Roku’s (ROKU) current valuation premium is going to be difficult to sustain as the streaming-media platform sees declines in gross margins and moderating gross profit, Morgan Stanley said Monday while cutting its rating on the company while lifting its price target. “We are bullish on Roku’s growth prospects,” said […]

Weekly Commodities ETF Report: Crude Settles Lower as Trade Woes Offset Hopes for OPEC Output Cuts; Gold Ends Week in the Red

(MT Newswires) – Crude ended Friday’s session lower as trade concerns offset expectations that the Organization of the Petroleum Exporting Countries (OPEC) and Russia will renew their production cut agreement when they meet next month. Trade worries have kept a lid on oil prices as investors watch for news on the progress of trade talks […]

Lowe’s Lifts Guidance Amid Mixed Third Quarter Results, Charge from Canadian Operations Review Weighs

10:09 AM, Nov 20, 2019 — Lowe’s (LOW) on Wednesday raised its full-year earnings guidance as the home-improvement retailer posted fiscal third-quarter results that beat on earnings but missed on sales as it booked $53 million in charges relating to its Canadian business. The Mooresville, NC-based company now expects adjusted per-share earnings between $5.63 and […]

Weekly Commodities ETF Report: Crude Ends the Week Higher as IEA Boosts 2020 Production Forecasts; Gold Also Up on Positive US-China Trade News

(MT Newswires) – Crude ended Friday’s session higher after the International Energy Agency (IEA) boosted its estimate for 2020 production from non-member countries of the Organization of the Petroleum Exporting Countries (OPEC). The IEA raised its production forecasts by 100,000 barrels per day, saying new oil from the United States, Brazil, Norway and Guyana will […]

Tech Major Globant Releases Fresh Guidance as Third-Quarter Earnings Beat

8:48 AM, Nov 15, 2019 — Globant (GLOB) unveiled fresh guidance after markets closed on Thursday as the technology provider reported revenue for its third quarter, which was in line with analysts’ estimates, while adjusted earnings sailed past Street projections. The Luxembourg-based company generated revenue of $171.3 million in the three months ended Sept. 30, […]