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US Stocks Climb Amid Earnings Season; Global Commodities and China Rally

US stocks climbed on Friday, with the S&P 500 up 0.5%, the Dow adding 160 points, and the Nasdaq gaining 0.6%! Earnings season is in full swing, with over a third of S&P 500 companies reporting. Treasury yields pulled back as concerns about slower …

Team Kalkine | 28 October 2024

Topgolf (NYSE:MODG) Lowers 2024 Revenue, EBITDA Forecast following Q2 performance

Topgolf Callaway Brands Corp. (NYSE: MODG) has a market cap of USD 1.86 billion. Itis a golf and active lifestyle company. Its segments include Topgolf, Golf Equipment, and Active Lifestyle.

Team Kalkine | 26 October 2024

Market Roundup: Tesla's Surge Sparks Mixed Trading as Yields Retreat

US stocks closed mixed as markets reacted to earnings and a dip in bond yields. The S&P 500 rose 0.2%, snapping a three-day losing streak, while the Nasdaq climbed 0.8%. The Dow fell 120 points, impacted by declines in IBM, Honeywell, and Boeing. Also, …

Team Kalkine | 25 October 2024

Market Overview: Indices Retreat Amid Rising Yields and Geopolitical Tensions

All three major US indices closed sharply lower on Wednesday, with the S&P 500 down 0.9% and the Nasdaq falling 1.6%, as rising Treasury yields and rate cut concerns weighed on the market. The Dow Jones lost 4.9 points, marking its worst day in …

Team Kalkine | 24 October 2024

Gold Soars, Mortgage Applications Slide, and Earnings Season Heats Up!

Gold hits a new record, soaring past $2,750/oz! Amid geopolitical tensions and macro uncertainties, investors flock to safe havens. The US election tightens the race, while central banks’ easing adds fuel. Meanwhile, WTI crude dips to ~$70/bbl as US stockpiles rise. Natural gas hovers …

Team Kalkine | 23 October 2024

Kanzhun Ltd (NASDAQ:BZ) Eyes 19% annual growth in Q3 2024 Revenue to RMB 1.90-1.92Bn

Kanzhun Ltd (NASDAQ:BZ) is a China-based holding company that offers online recruitment services. It connects job seekers and businesses through its BOSS Zhipin app, enhancing user experience throughout the recruitment process.

Team Kalkine | 23 October 2024

US Stock Futures Dip Amid Economic Optimism and Mixed Earnings Reports

US stocks declined on Monday after their strongest weekly performance of the year, with the S&P 500 down 0.6%, Dow Jones dropping 0.9%, and Nasdaq 100 slipping 0.5%. Traders brace for a busy earnings week from major firms like Tesla, Boeing, and Coca-Cola.

Team Kalkine | 22 October 2024

Fortuna Mining (NYSE: FSM) shares jump nearly 60% in one year. Here’s why

Fortuna Mining Corp. (NYSE: FSM) is a Canadian precious metals company. It operates mines in Latin America and West Africa, producing gold, silver, lead, and zinc. It has a market cap of CAD 2.04bn.

Team Kalkine | 15 October 2024

Bath & Body Works’ (NYSE: BBWI) Updated FY24 Guidance: Net Revenue Expected to Decline 2-4%

Bath & Body Works, Inc. (NYSE: BBWI) is a leading American retailer founded in 1990, specializing in lotions, perfumes, and candles, known for innovative marketing, engaging stores, and a strong e-commerce presence. BBWI has a market cap of USD 6.48bn.

Team Kalkine | 12 October 2024

Scorpio Tankers’ (NYSE:STNG) Net Income Soars 72% to USD 227Mn in Q2 FY24

Scorpio Tankers Inc (NYSE:STNG)is based in Monaco. It specialises in transporting refined petroleum products. The company operates in the oil sector, focusing on seaborne transportation of these products within the tanker industry and international shipping markets. It has a market cap of USD 3.72bn.

Team Kalkine | 03 October 2024
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