|
| |
Market Wrap: pre-opening session |
|
|
| |
|
|
|
| |
U.S. market futures rise as the White House said that Donald Trump will address nation on Iran war tonight.
Yesterday, Donald Trump said he expects a U.S. military withdrawal from Iran in the next two to three weeks.
On Tuesday, U.S. stocks had their best session since May, with the Nasdaq 100 jumping 786 points (+3.43%) to 23,740, and the S&P 500 up 184 points (+2.91%) to 6,528.
The Dow Jones climbed 1,125 points (+2.49%) to 46,341.
On the stat front in the U.S. the ADP employment is estimated to increase by 40,000 in March. Separately, retail sales for February are expected to grow 0.3% month-on-month after a 0.2% decline in January. Also, the ISM manufacturing purchasing managers index is seen at 52.0 in March vs 52.4 in February.
European indices jump. On the stat plan, eurozone's unemployment rate increased to 6.2% in February from 6.1% a month earlier.
Asian indexes surged following Trump's comments. On the stat side, China's RatingDog manufacturing purchasing managers index fell to 50.8 in March, below 51.7 estimated. Separately, the Bank of Japan Tankan large manufacturers index was 17 for the first quarter, better than 14 expected.
WTI crude oil prices are very choppy. After falling below 100 dollars, they are now back around this key threshold.
Gold and silver both maintain yesterday's strong gains as dollar declines.
Bitcoin rebounds, trading above 68,000 dollars.
|
| |
|
|
|
|
|
|
|
|
| |
Nike (NKE), a sportswear company, drops after forecasting an unexpected decline in current quarter sales.
Beyond Meat (BYND), a producer of plant-based meat substitutes, tumbles as quarterly earnings missed expectations.
PVH Corp (PVH), a designer and global marketer of branded apparel, gains ground as quarterly financial figures beat estimates.
RH (RH), a home furnishing retailer, craters as quarterly adjusted EPS widely missed estimates. Moreover, current quarter sales growth guidance also disappointed investors.
Dave & Buster’s Entertainment (PLAY), a restaurant and entertainment company, rises after saying it expects for fiscal 2026 to deliver an increase in same store sales, revenue, adjusted Ebitda and to generate more than 100 million dollars in free cash flow.
nCino (NCNO), a financial technology company, surges on strong sales figures.
|
| |
|
|
|
|
|
|
|
|
| |
ConAgra (CAG)
Lamb Weston (LW)
|
| |
|
|
|
|
|
|
|
|
| |
Earnings release:
Groupe Dynamite (GRGD)
Novagold Resources (NG)
On Tuesday, the S&P/TSX Composite Index rose 2.61% to 32,768 and the S&P/TSX 60 Index gained 2.32% to 1,905.
Suncor Energy (SU)'s, an energy company, target price was raised to 89 dollars from 75 dollars at RBC.
Algonquin Power (AQN) and Hydro One (H), renewable energy specialists, were both rated "overweight" in new coverages at Barclays.
Groupe Dynamite (GRGD), a retailer, unveiled quarterly adjusted Ebitda up 81.6% to 144.4 million dollars on sales up 45.0% to 394.2 million dollars.
Rogers Communications (RCI/B)'s, a communications and media company, target price was cut to 63 dollars from 65 dollars at JPMorgan.
Ivanhoe Mines (IVN), a mining company, was downgraded to "sector perform" from "sector outperform" at Scotiabank.
Goeasy (GSY), a non-prime consumer lender, reported quarterly adjusted loss per share of 8.93 dollars vs an adjusted EPS of 3.32 dollars a year earlier.
AG Growth International (AFN)'s, a leading provider of equipment solutions for agriculture bulk commodities, target price was cut to 20 dollars from 30 dollars at RBC.
Greenfire Resources (GFR), an oil sands producer, was rated "outperform" in a new coverage at National Bank of Canada.
|
| |
|
|
|
|
|
