Market Roundup

Stock market ticker wall in yellow with various numbers and graphs

Glencore to Halt Cobalt Mine in Congo

Glencore (GLEN.L), one of the world’s largest diversified natural resource groups, reported early Wednesday that first-half gross operating profit slumped by almost a third, reflecting a “challenging economic backdrop” for its commodity mix, as well as operating and cost setbacks. Group revenue fell to $107.10 billion during the six months that ended June 30, from $108.55 million a year ago, […]

Stock market ticker wall in yellow with various numbers and graphs

British American Tobacco Guides for Higher Second-Half Sales

British American Tobacco (BATS.L), the world’s second-biggest tobacco group, guided toward an acceleration in revenue in the second half of the year as it reported higher earnings and sales in the first half due to a “continued strong” performance of combustibles. Reported sales increased by 4.6% to 12.17 billion pounds ($14.82 billion) during the six months that ended June 30, […]

TSX Gains on Strong Commodities, Financials

TSX Gains on Strong Commodities, Financials

The TSX is up 47 points this morning, boosted by stronger commodities. Miners are the biggest gainers so far, up 2.96%, followed by energy (+0.56%). Crude oil is now trading at US$53.76, up 073%, after Russia indicated it may agree to extend a pact with OPEC to keep 1.2 million barrels of oil per day off the market. OPEC and […]

Energy Stocks Gain as Crude Oil Futures Reverse Earlier Declines

Energy Stocks Gain as Crude Oil Futures Reverse Earlier Declines

Top Energy Stocks XOM +1.40% CVX +0.95% COP -0.32% SLB +2.2% OXY +0.74% Energy stocks were broadly higher this afternoon, with the NYSE Energy Sector Index climbing 1% while shares of energy companies in the S&P 500 were up 1.3% as a group. West Texas Intermediate crude oil for July delivery was rising 17 cents to $53.42 per barrel, reversing […]

Dell First Quarter Adjusted Earnings Surpass Analysts’ Estimates

Dell First Quarter Adjusted Earnings Surpass Analysts’ Estimates

Dell Technologies (DELL) posted a modest uptick in revenue during its fiscal first quarter while adjusted earnings per share beat analysts’ estimates, bolstered by coverage expansion in the company’s client solutions group segment. The Round Rock, TX.-headquartered manufacturer of laptops and electrical devices reported revenue of $21.91 billion in the three months ended May 3, up 3% from the corresponding […]

Stock market ticker wall in yellow with various numbers and graphs

Big Lots Q1 Tops Estimates on EPS and Revenue

Big Lots (BIG) rose by more than 8% in pre-market trading as the discount retailer posted fiscal Q1 adjusted earnings of $0.92 per share, down from $0.95 in the comparable period a year ago but topping the estimate of $0.70 from analysts polled by Capital IQ. For the quarter ended May 4, total revenue of $1.30 billion was up from […]

Asian Stock Markets Extend Losses On Trade Outlook

Asian Stock Markets Extend Losses On Trade Outlook

Asian stock markets declined Friday as investors weighed an unexpected move by the Trump administration as well as China-US trade tensions. US President Donald Trump on Thursday imposed a 5% tariff on imports from Mexico, which he said he will ratchet up unless Mexico halts the flow of illegal migrants into the US. Hong Kong, Shanghai and Tokyo exchanges fell, […]

WellCare CEO, CFO to Join Centene Executive Leadership Team on Merger Completion

Centene (CNC), which is acquiring fellow healthcare insurer WellCare Health Plans (WCG), said Friday that WellCare’s current CEO and CFO will join the combined company in executive leadership positions.  WellCare’s CEO Ken Burdick and CFO Drew Asher will report directly to Michael Neidorff, CEO of Centene, the company said.  Centene said it will provide further information on the combined company’s […]