Entries by MT Newswires

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, […]

Kemet Shares Surge Following $1.8 Billion Bid From Taiwan’s Yageo

7:48 AM, Nov 12, 2019 — Taiwan’s Yageo said on Monday that it has agreed to acquire its US rival Kemet (KEM) for $1.8 billion in an all-cash deal, strengthening its position as a global electronic component manufacturer. The price tag inclusive of net debt represents a 26% premium to Kemet’s volume-weighted average price for […]

Weekly Commodities ETF Report: Gold Ends Lower as Uncertainty Over US-China Trade Talks Resurface; Crude Logs Gains on Possible Push for OPEC Production Cuts by Saudi Arabia

(MT Newswires) – Crude ended Friday’s session higher following reports that the Organization of the Petroleum Exporting Countries (OPEC) will not agree to new production cuts when it meets with Russia next month to decide on the future of their 1.2 million barrels per day in output restrictions. However, Saudi Arabia will reportedly push for […]

SunPower Poised to Separate Into Two Publicly Traded Companies

8:50 AM, Nov 11, 2019 — SunPower (SPWR) unveiled a plan to divide itself into two independent, publicly traded companies on Monday while affirming that the two separate entities would continue to cooperate to commercialize next-generation solar panel technologies. The San Jose, Calif.-based company said that it would separate into SunPower and Maxeon Solar Technologies. […]