Medtronic (NYSE: MDT) is scheduled to report its fiscal 2024 fourth-quarter results on Thursday, May 23 (fiscal ends in April). We expect Medtronic stock to trade sideways post-Q4 results announcement, with its revenues and earnings expected to meet the street estimates. The comp
Given its better prospects, we believe Coca-Cola stock (NYSE: KO) is a better pick than its sector peer Costco stock (NASDAQ: COST). Although both companies are from the Consumer Defensive sector, KO stock trades at a higher valuation multiple of 5.9x revenues, versus
Note: Urban Outfitters’ FY’24 ended in January 2024.Urban Outfitters (NASDAQ: URBN), a lifestyle retailer focusing on young adults and teenagers, is scheduled to report its first-quarter fiscal 2025 (year ending January 2025) results on Tuesday, May 21. We expect the
Target (NYSE: TGT), the second-largest discount chain in the U.S., is scheduled to report its fiscal first-quarter results on Wednesday, May 22. We expect Target’s stock to likely trade higher past Q1 results due to revenues and earnings beating expectations. Target’s
Nvidia (NASDAQ: NVDA) is expected to publish its Q1 FY’25 results on May 22. We expect the company to have another upbeat quarter, as tech companies and developers continue to invest heavily in building and deploying generative AI into their apps. This is driving a windfall
MGM Resorts stock (NYSE:MGM) currently trades at $41 per share, roughly 19% below its pre-inflation shock high of $50 seen on March 17, 2021. The stock has been impacted by the Macau operations, which saw business largely collapse over 2021 and 2022, due to stringent Covid-19 res
Our theme of Housing Stocks, which includes the stocks of home improvement players, building supply companies, and home builders including DR Horton (NYSE:DHI) and Pulte Group (NYSE:PHM) has fared reasonably well this year, rising by about 13% year-to-date. This compar
Johnson Controls stock (NYSE: JCI) is seeing higher levels after reports of Elliott Management – one of the largest activist funds in the world – building a position of over $1 billion in the company. JCI stock has been rising, with over 20% gains this year. Looking a
July ICE NY cocoa (CCN24 ) on Tuesday closed up +178 (+2.47%), and July ICE London cocoa #7 (CAN24 ) closed up +123 (+2.05%). Cocoa prices Tuesday posted moderate gains on concerns that recent losses have been excessive. Short covering in cocoa futures emerged Tuesday after the Hightower Report warned...
(RTTNews) - TPC Group has pleaded guilty to the Clean Air Act violation. It has agreed to pay more than $30 million in criminal fines and civil penalties and spend about $80 million to improve its risk management program and improve safety issues at the company's Port Neches and
(RTTNews) - Asian stock markets are trading mostly higher on Wednesday, following the broadly positive from Wall Street overnight, as traders largely refrained from making significant moves as they await the release of the minutes of the US Fed's latest monetary policy meeting la
(RTTNews) - The Japanese stock market is significantly lower on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling to near the 38,700 level, with weakness across most sectors led by inde
Shares of Peloton Interactive (NASDAQ: PTON) were taking a dive today after the high-end maker of exercise bikes announced a global refinancing that could include borrowing at an interest rate above 11%.
The wheat complex was mixed to round out Tuesday, with the winter wheat holding up on Tuesday. Chicago contracts saw gains of 3 ¾ to 8 ¾ cents at the close. Kansas City futures posted fractional to 5 ¾ cent higher trade on the session. MPLS spring wheat futures were...
Live cattle posted higher trade on Tuesday, with contracts closing 75 cent to $1.87 higher. Cash trade this week has been relatively quite so far, with a few light trades of $192 in the north being picked up. USDA reported cash sales of $186 in the South, up to $190...
Lean hogs closed the Tuesday session with contracts steady to 62 cents lower across the board. USDA’s National Average Base Hog negotiated price was reported at $88.20 on Tuesday afternoon, up $1.77 from day prior. The CME Lean Hog Index was down 7 cents on May 17 at $92.22. USDA’s...
Cotton shrugged off the weakness from overnight trade, with contracts closing with 12 to 35 point gains. The outside market factors were not supportive again today, with crude oil $1.02 lower and the US dollar index 75 points higher. NASS Crop Progress data showed 44% of the US cotton crop...
Soybeans closed out the Turnround Tuesday session with contracts steady to 11 ¾ cents in the red, as some bear spreading was apparent with the nearbys down the most. Soymeal futures were down 20 cents to $2.30/ton in the front months and 10 to 60 cents higher in the deferreds....
Corn futures ended the Tuesday session with contracts fractionally 2 ½ cents in the red. Rains over the next couple days are limited to the WCB, with the ECB precip expected over the weekend. USDA reported a couple private export sale announcements this morning, with 113,050 MT split evenly between...