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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

Freeport-McMoRan’s (NYSE:FCX) Q2 FY24 Net Income Soars 80% to USD 616Mn Driven by Increased Revenues

Freeport-McMoRan Inc. (NYSE:FCX) is a global mining company with diverse assets, including the Grasberg district in Indonesia and significant operations in North and South America. It has a market cap of USD 70 billion.

Team Kalkine | 30 September 2024

OpenText (NYSE:OTEX) eyes 38% EBITDA margin by FY27, plans USD 570mn capital return to shareholders

OpenText Corporation (NYSE: OTEX) is a company based in Canada. It provides cloud-native solutions in an integrated and flexible Information Management platform.It has a market cap of USD 8821.53mn.

Team Kalkine | 25 September 2024

Goldman Sachs Small Cap Core ETF Achieves 15% YTD Return, Outperforming Benchmark

The Goldman Sachs Small Cap Core ETF (GSC) aims for long-term capital growth by leveraging a team of small-cap experts who engage in thorough, bottom-up security selection with an emphasis on quality and disciplined valuation. The fund’s portfolio managers, who have more than 20 …

Team Kalkine | 05 September 2024
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