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Weekly Market Insights: Stocks Rally, Commodities Shift, and Macro Trends Unfold

Last week, the S&P 500 and Nasdaq rose 0.96% and 3.34%, respectively, marking three straight weeks of gains, while the Dow Jones fell 0.6%. Despite stronger-than-expected job growth in November, expectations for a 25 basis point rate cut from the Fed remain. Major tech …

Team Kalkine | 09 December 2024

Scorpio Tankers (NYSE:STNG) Reports 72% Increase in Net Income for Q3 FY24

Scorpio Tankers Inc (NYSE:STNG) is a Monaco-based company specializing in transporting refined petroleum products. It operates in the oil and seaborne transportation sectors. It has a market cap of USD 2.53 billion.

Team Kalkine | 07 December 2024

Market Update: Stock Movements, Commodities Performance, Economic Forecasts, and Bitcoin Trends

In Thursday's trading, Ulta Beauty shares rose 12% following strong Q3 results, while GitLab and DocuSign saw stock increases of 7% and 14%, respectively. However, the broader market closed lower on Thursday, with the Dow down 0.55%, S&P 500 falling 0.19%, and Nasdaq Composite …

Team Kalkine | 06 December 2024

Market Update: Stock Gains, Oil Stability, and Fed Outlook Amid Economic Data and Geopolitical Tensions

In Wednesday's trading, the Dow Jones rose 0.68%, the S&P 500 gained 0.62%, and the Nasdaq climbed 1.24%. Salesforce surged 11% after surpassing revenue expectations, while Marvell Technology soared 23.2%. Fed Chair Powell reiterated that the central bank is not in a rush to …

Team Kalkine | 05 December 2024

Market Recap: Key Movements in Stocks, Commodities, and Economic Indicators

On Tuesday, the S&P 500 and Nasdaq Composite rose 0.05% and 0.4%, respectively, while the Dow fell 0.17%. Investors reacted to stronger-than-expected October JOLTS data, showing a rise in job openings and quits rate, signaling worker confidence. Focus now shifts to the ADP payrolls …

Team Kalkine | 04 December 2024

Tech Stocks Drive Gains, Oil Prices Climb, and Key Economic Reports Ahead

The S&P 500 and Nasdaq 100 closed at record highs to start December, gaining 0.2% and 1.1%, respectively, driven by large-cap tech stocks, while the Dow Jones fell 128 points. Tesla rose 3.4% after updating its "Full Self-Driving" software, and Super Micro Computer surged …

Team Kalkine | 03 December 2024

Stock Gains, Commodity Trends, and Economic Outlook

The Dow and S&P 500 reached new all-time highs on Friday, driven by a post-election rally following President-elect Trump's victory and strong US economic and corporate performance. Investors are now focused on upcoming US manufacturing and construction spending data, speeches from Federal Reserve officials, …

Team Kalkine | 02 December 2024

Market Update: Positive Momentum Across Indices, Commodities, Futures, and Macros

On Tuesday, the top gainers were Ulta Beauty Inc(+4.10%), followed by Walgreens Boots Alliance Inc (+3.78%) and VeirSign Inc (+3.49%). On the contrary, Dell Technologies Inc (-12.25%) and HO Inc (-11.36%) declined the most the same day.

Team Kalkine | 29 November 2024

Zurn Elkay (NYSE:ZWS) Projects Adjusted EBITDA Between USD 88-90M for Q42024

Zurn Elkay Water Solutions Corp (NYSE:ZWS)provides clean water solutions. The pure-play water management company has a market cap of USD 6.73bn.

Team Kalkine | 28 November 2024

Safe Bulkers’ (NYSE:SB) Q3FY24 Net Income Rises 77%, Declares USD 0.05 Cash Dividend

Safe Bulkers, Inc. (NYSE:SB)is a holding company with principal business including the acquisition, ownership and operation of drybulk vessels.

Team Kalkine | 27 November 2024
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