$CMC

Commercial Metals Co.

  • NEW YORK STOCK EXCHANGE INC.
  • Producer Manufacturing
  • Metal Fabrication
  • Non-Energy Minerals
  • Steel
  • Manufacturing
  • Iron and Steel Mills and Ferroalloy Manufacturing

PRICE

$36.63 -

Extented Hours

VOLUME

913,473

DAY RANGE

35.77 - 37.67

52 WEEK

28.44 - 46.68

Join Discuss about CMC with like-minded investors

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@trademaster #TradeHouses
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By Isabel Kua SINGAPORE (Reuters) - Oil prices inched lower on Tuesday as Hungary resisted a European Union push for a ban on Russian oil imports, a move that would tighten global supply, with investors taking profits on a recent rally. Brent crude futures fell 11 cents, or 0.1%, to $114.13 a barrel by 0602 GMT, and U.S. West Texas Intermediate (WTI) crude futures slid 22 cents, or 0.2%, to $113.98 a barrel. Both benchmarks gained more than 2% on Monday, following a 4% jump on Friday. EU foreign ministers failed on Monday in their effort to pressure Budapest to lift its veto of a proposed oil embargo on Russia following the country's invasion of Ukraine. An embargo would require approval from all EU nations. On the supply side, U.S. producers are ramping up in order to replenish inventories that have dwindled in the wake of Russia's war on Ukraine - which Moscow calls "a special military operation" - and recovery from the COVID-19 pandemic. Oil output in the Permian Basin in Texas and New Mexico, the biggest U.S. shale oil producer, is due to rise 88,000 barrels per day (bpd) to a record 5.219 million bpd in June, the U.S. Energy Information Administration (EIA) said on Monday. Still, overall sentiment on prices remained bullish amid optimism about demand recovery in China as it looks to ease COVID restrictions that have hurt its economy, analysts said. "All supply data suggest dips will be shallow despite potential demand destruction from China's lockdown but even in that view, we are seeing the light at the end of the lockdown tunnel trade," said Stephen Innes, managing partner at SPI Asset Management, in a note. Shanghai on Tuesday achieved the long-awaited milestone of three consecutive days with no new COVID-19 cases outside quarantine zones and set out on Monday its clearest timetable yet for exiting a lockdown now in its seventh week. Further supporting prices was the "intensifying geopolitical tension" between EU and Russia as Sweden and Finland seek to join NATO, CMC Markets analyst Tina Teng said. "This could cause a retaliation action by Russia to further cut gas supply," she added. Stockpiles in the Strategic Petroleum Reserve (SPR) fell to 538 million barrels, the lowest since 1987, data from the U.S. Department of Energy showed on Monday, underlining tight supply.

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@trademaster #TradeHouses
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By Florence Tan SINGAPORE (Reuters) - Oil prices slipped on Monday, along with stock markets in Asia, sparked by weak China data and fears a global recession could dampen oil demand, with investors eying European Union talks on a Russian oil embargo that could tighten global supplies. Brent crude lost 41 cents, or 0.4%, to $111.98 a barrel by 0603 GMT. U.S. West Texas Intermediate crude was at $109.24 a barrel, down 53 cents, or 0.5%. Both contracts briefly turned positive after falling more than $1 earlier in the session. "The broader risk-off sentiment sparked by the recession fears, and China's lockdowns are the major factors that pressure the oil price," CMC Markets analyst Tina Teng said. Global financial markets have also been spooked by concerns over interest rate hikes and recession worries as tighter and wider COVID-19 lockdowns in China led to slower export growth in the world's No. 2 economy in April. Crude imports by China, the world's top oil importer, rose nearly 7% in April from a year earlier although imports for the first four months fell 4.8% on year. A price cut by Saudi Arabia also reflected worries over global oil demand, Teng said. Saudi Arabia, world's top oil exporter, lowered crude prices for Asia and Europe for June on Sunday. EU RUSSIA OIL EMBARGO Last week, the European Commission proposed a phased embargo on Russian oil as part of its toughest-yet package of sanctions over the conflict in Ukraine, boosting Brent and WTI prices for the second straight week. However, the proposal requires a unanimous vote among EU members this week. The EU proposal was followed by a pledge by G7 nations on Sunday to ban or phase out Russian oil imports. Washington also imposed new sanctions against Gazprombank executives and other businesses. Japan, part of G7 and one of the world's top five crude importers, will ban Russian crude imports "in principle", Prime Minister Fumio Kishida said on Sunday. "It seems inevitable that both the EU and Japan will be competing for more non-Russia supplies in the future, and this is underpinning prices," said Jeffrey Halley, OANDA's senior analyst, in a note. Bulgaria's Deputy Prime Minister, however, said on Sunday that his country would veto EU oil sanctions on Russia if it does not get a derogation from the proposed ban. "The talks will continue tomorrow, on Tuesday too, a meeting of the leaders may be needed to conclude them. Our position is very clear. If there be a derogation for some of the countries, we want to get a derogation too," Vassilev told national BNT television. Bulgaria had earlier said it would seek an exemption from the proposed Russian oil ban if such opt-outs were allowed, but it was not clear if it was seeking a full exemption or a delay similar to the one proposed on Friday for Hungary, Slovakia and the Czech Republic.

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@ivtrades-Chris #ivtrades
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2000 $CMC May22 45.0 Puts $1.55 (CboeTheo=1.53) ASKSIDE EDGX IV=39.9% +0.6 NOM 11 x $1.45 - $1.60 x 14 PHLX ISO/AUCTION - OPENING 52WeekHigh Vol=2001, OI=7,

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@trademaster #TradeHouses
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By Huw Jones LONDON (Reuters) - Stocks edged higher on Wednesday, but gains were capped by questions over how far real bond yields will rise as investors sifted through disappointing Netflix (NASDAQ:NFLX) earnings and war continued in Ukraine. The STOXX index of 600 European companies gained 0.4% to 458.17 points. The MSCI all country stock index was 0.2% firmer. Investors kept a wary eye on the 10-year Treasury Inflation-Protected Securities (TIPS), whose yields briefly broke above negative territory on Tuesday for the first time since March 2020. A rise in real yields poses a fresh headwind for risky assets such as stocks, especially big tech firms which report earnings next week, now more closely scrutinised after Netflix shares sank on Tuesday evening after news it was losing subscribers. Tech-heavy Nasdaq futures were down 0.6 percent, with S&P500 futures shedding 0.3% "You are going to have to see real yields in much more positive territory before they make stock markets less attractive," said Michael Hewson, chief market analyst at CMC Markets. "The bigger question the markets are wrestling with at the moment is has inflation peaked? If inflation has peaked, then maybe it's a good time to buy bonds again, which is why we are seeing so much uncertainty as to the future direction of the stock markets," Hewson said. The dollar climbed to a fresh two-decade peak to the yen, buoyed as the Bank of Japan stepped into the market again to defend its ultra low interest rate policy. Data is beginning to emerge from the International Monetary Fund this week on how much the two-month old war in Ukraine is hitting the global economy. The U.S. Federal Reserve issues its "Beige Book" of economic conditions from late February to early April on Wednesday. "We expect the pace of economic activity eased slightly to a modest pace," UniCredit analysts said in a note. In Europe, German producer prices hit a record high amid war in Ukraine. In an election which has rattled French bonds, President Emmanuel Macron and far-right candidate Marine Le Pen will face each other in a televised debate on Wednesday evening. Macron, however, appears to be pulling ahead of Le Pen in the polls ahead of Sunday's final round in the election. ASIA SHARES RISE MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3%, its first positive session in a week. Japan's Nikkei rose 0.8%, like other markets in the region tracking Tuesday's gains on Wall Street where the three main benchmarks had their best days in over a month, helped by several strong earnings results. The Nasdaq closed up 2.2%. China bucked the regional trend as Chinese blue chips shed 1.5% after the central bank kept its benchmark lending rates unchanged, despite frequent government pledges to support a slowing economy hit by the worst COVID-19 outbreak in two years. That decision in contrast helped the Chinese yuan recover after hitting its lowest since October in early trade. "Investors were looking for stimulus from China but the PBOC didn't deliver today," said Carlos Casanova. "Markets inevitably are going to interpret that in a negative way with the lockdowns extending into April and beyond, meaning the worst months for economic data are ahead of us." The yield on a highly -traded contract of China's 10-year government bond fell below U.S. 10-year Treasury yield for the first time since 2010 on earlier this month, and Chinese 10 year yields were last around 2.85%. Benchmark 10-year Treasury yields were within a whisker of 3% on Wednesday - though were little changed on the day. Yield differentials are also a factor for Japan, where the central bank on Wednesday offered to buy an unlimited amount of 10-year Japanese government bonds (JGB) at 0.25%, in its third move since February to defend its yield target. This yield curve control has sent the yen to 20-year lows against the dollar, but the dollar retreated 0.2% on the yen on Wednesday amid some nerves that intervention - verbal or otherwise - from Japanese authorities could drive a bounce. Oil prices rebounded from sharp losses in the previous session as concerns about tighter supplies from Russia and Libya dominated. Brent crude futures rose 1.2% to $108.55 a barrel. Spot gold fell 0.4% to its lowest in a week dragged down by higher yields.

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@lueley #BTC-ECHO
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Coinlist sowie CMC schauen ist schon ganz gut, gibt noch 1-2 ICO Seiten (damals waren es ICOs in 2017) sind ganz nützlich

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@trademaster #TradeHouses
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By Uday Sampath Kumar and Chavi Mehta (Reuters) -Elon Musk took aim at Twitter (NYSE:TWTR) with a $41 billion cash offer on Thursday, with the Tesla (NASDAQ:TSLA) CEO and billionaire entrepreneur saying the social media giant needs to be taken private to grow and become a platform for free speech. "Twitter has extraordinary potential. I will unlock it," Musk, who is already the company's second-largest shareholder, said in a letter to Twitter's board on Wednesday. The offer was made public in a regulatory filing on Thursday. Musk's offer price of $54.20 per share represents a 38% premium to Twitter's April 1 close, the last trading day before his 9.1% stake in the social media platform was made public. Musk rejected an invitation to join Twitter's board this week after disclosing his stake, a move which analysts said signaled his takeover intentions as a board seat would have limited his shareholding to just under 15%. He told Twitter it was his best and final offer and said he would reconsider his investment if the board rejects it. "Since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company," Musk said in his letter to Twitter Chairman Bret Taylor. Musk, who calls himself a free-speech absolutist, has been critical of the social media platform and its policies, and recently ran a poll on Twitter asking users if they believed it adheres to the principle of free speech. Twitter will review the offer with advice from Goldman Sachs (NYSE:GS) and Wilson Sonsini Goodrich & Rosati, a source told Reuters. Shares in Twitter rose about 5% in pre-market trading to $48.30 in New York, where they were the most actively traded, while Tesla stock fell by about 2%. Based on its Wednesday closing price of $45.85, Twitter's share price reaction implied a 29% chance of Musk clinching a deal. The total deal value of $41 billion was calculated based on 763.58 million shares outstanding, according to Refinitiv data. Musk said U.S. investment bank Morgan Stanley (NYSE:MS) was acting as financial adviser for his offer. However, he did not say how he would finance the transaction if it goes ahead. "We think Musk could look to fund the transaction, if approved, through a combination of debt financing and potentially Tesla shares. Given the size of the transaction (about $43B), we think it is conceivable that some Tesla shares could be sold given much of his wealth is tied to the company," CFRA Research analyst Angelo Zino said. Musk, the richest person in the world according to a tally by Forbes, sold more than $15 billion worth of his Tesla shares, about 10% of his stake in the electric vehicle maker, late last year to settle a tax obligation. 'SERIAL UNDERPERFORMER' Twitter's lower-than-expected user additions in recent months have raised doubts about its growth prospects, even as it pursues big projects such as audio chat rooms and newsletters. "The big question for the Twitter board now is whether to accept a very generous offer for a business that has been a serial underperformer and tends to treat its users with indifference," Michael Hewson, Chief Market analyst at CMC Markets, said after the announcement of Musk's offer. Musk has amassed more than 80 million followers since joining Twitter in 2009 and has used it to make several announcements, including teasing a go-private deal for Tesla that landed him in hot water with regulators. He has also been sued by former Twitter shareholders who claim they missed out on the recent run-up in its stock price because he waited too long to disclose his stake. "If he really wants to take Twitter private his past run-ins with regulators might not pose an obstacle – but it might make potential financing sources leery of providing the cash for the deal – unless he is willing to pledge a large portion of his Tesla holdings to collateralize the debt," Howard Fischer, a partner at law firm Moses & Singer and former senior trial counsel at the U.S. Securities and Exchange Commission (SEC). Musk's move also raises the question of whether other bidders might emerge for Twitter, although the initial share price reaction did not suggest this was widely expected. "It would be hard for any other bidders/consortium to emerge and the Twitter board will be forced likely to accept this bid and/or run an active process to sell Twitter," Wedbush Securities analyst Daniel Ives wrote in a client note. "There will be host of questions around financing, regulatory, balancing Musk's time (Tesla, SpaceX) in the coming days but ultimately based on this filing it is a now or never bid for Twitter to accept," Ives said.

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@dros #droscrew
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950 $CMC MAY2022 $40 / $45 call spreads bought 2.2-2.3

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@NoobBot #Crypto4Noobs
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Scammers Impersonate CoinMarketCap to Sell Fake 'CMC' Tokens https://cryptonews.com/news/scammers-impersonate-coinmarketcap-sell-fake-cmc-tokens.htm

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@trademaster #TradeHouses
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By Bozorgmehr Sharafedin LONDON (Reuters) -Oil prices fell around $7 a barrel on Monday as investors pinned hopes on diplomatic efforts between Ukraine and Russia to end their conflict, while a surge in COVID-19 cases in China spooked the markets. Brent was down by $6.78, or 6%, at $105.89 a barrel at 1358 GMT and U.S. crude fell $7.01, or 6.4%, to $102.32. Both benchmarks have surged since Russia's Feb. 24 invasion of Ukraine and are up roughly 40% in the year to date. Ukrainian and Russian negotiators are set to talk again on Monday via video link. Negotiators had given their most upbeat assessments after weekend negotiations, suggesting there could be positive results within days. "Beside new talks between Ukraine and Russia, I guess new lockdowns in China are the reason for a negative start of the week for crude oil," said UBS analyst Giovanni Staunovo. A northeastern Chinese province on Monday imposed a rare travel ban on its population as the region's Omicron outbreak helped drive China's tally of new local COVID-19 cases so far this year higher than the total in 2021. "Oil prices might continue moderating this week as investors have been digesting the impact of sanctions on Russia, along with parties showing signs of negotiation towards (a) ceasefire," said Tina Teng, an analyst at CMC Markets. Russia's output of oil and gas condensate rose to 11.12 million barrels per day (bpd) so far in March, two sources familiar with production data told Reuters, despite sanctions. The United States has announced a ban on Russian oil imports and Britain said it would phase them out by the end of 2022. Russia is the world's top exporter of crude and oil products combined, shipping about 7 million bpd or 7% of global supplies. A senior minister said British Prime Minister Boris Johnson was trying to persuade Saudi Arabia to increase its oil output, while International Energy Agency (IEA) chief Fatih Birol urged oil-producing countries to pump more. India said it would take "appropriate" steps to calm the rise in oil prices, indicating the country could release more oil from its national stocks if required. Indian officials also said New Delhi was considering a Russian offer to buy its crude oil and other commodities at discounted prices via a rupee-rouble transaction. Meanwhile, investors are watching this week's meeting of the U.S. Federal Reserve, which is expected to start raising interest rates, a move that would boost the dollar and could push down oil prices. A stronger greenback makes dollar-denominated oil more expensive for holders of foreign currencies.

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@11_JV_11 #BTC-ECHO
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Ok, aber warum ist das so wenn es doch auf CMC und CG geführt ist? > @lueley said: DEX screener zählt,nix weiter

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@11_JV_11 #BTC-ECHO
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Jetzt ist die Diskrepanz groß, CMC 1,69, CG und Dex Screener 1,54. KP warum

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@SNX80 #BTC-ECHO
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Es sind doch erst wenige Stunden, CMC und CG bilden die FYN Token auch erst seit kurzem ab, Marketing hat gerade erst begonnen und im Großen und Ganzen läuft der Token noch völlig unterm Radar. Ich bin da sehr positiv eingestellt...es werden natürlich immer auch Token getradet, aber es fließt ja auch wieder Geld nach

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@11_JV_11 #BTC-ECHO
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Weil es dann als Vorschlag bei CMC erscheint ähnlich Google?

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@lueley #BTC-ECHO
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Mir sagt luckblock nix, ist das die lotto Nummer? > @Miguel-Twentyfive said: "Was haltet ihr von Luckyblock? Ging ja jetzt auch gut los dort. Meint ihr der kommt nochmal? Soll ja anscheinend ab Februar bei binance gelistet werden. ". mal schauen, ich bin mit ner kleinen posi dabei und les auch n bissl im telegram-chat. macht erstmal nen ganz ok'en eindruck, aber viele fanboys am start. die binancelistung ist beantragt, steht aber in den sternen. solidproof audit vorhanden, denke sonnst wäre eine listung auf gekko und cmc auch nicht gegangen. es wird drauf ankommen wie viele leute sie gewinnen, aktuell sieht es ganz gut aus und das marketing macht auch keinen ganz schlechten job. aber highrisk, obacht!

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@Miguel-Twentyfive #BTC-ECHO
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"Was haltet ihr von Luckyblock? Ging ja jetzt auch gut los dort. Meint ihr der kommt nochmal? Soll ja anscheinend ab Februar bei binance gelistet werden. ". mal schauen, ich bin mit ner kleinen posi dabei und les auch n bissl im telegram-chat. macht erstmal nen ganz ok'en eindruck, aber viele fanboys am start. die binancelistung ist beantragt, steht aber in den sternen. solidproof audit vorhanden, denke sonnst wäre eine listung auf gekko und cmc auch nicht gegangen. es wird drauf ankommen wie viele leute sie gewinnen, aktuell sieht es ganz gut aus und das marketing macht auch keinen ganz schlechten job. aber highrisk, obacht!

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@SNX80 #BTC-ECHO
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Wo wird eigentlich als erstes der Chart abgebildet? CMC?

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@lueley #BTC-ECHO
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die tokenomics finde ich bei cmc besser @SNX80

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@dros #droscrew
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Top Earnings Fri 1/7 Aft: None . Top Earnings Mon 1/10 Pre: $AZZ $CMC $TLRY

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@Hanfred #BTC-ECHO
recently

Wie ist eig hier so die Meinung zu highstreet (high) ist ein metavers was aktuell auch bei binance im launchpool is mk ist laut bot in den ihrer Gruppe bei 30 Mio grad (cmc CoinGecko etc steht noch nix) also find eig grad die Mk da noch sehr attraktiv

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@DaveDixon #CoreTrader
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UK Market Snapshot Finished in the red yesterday, after data showed that UK inflation surged in November to its highest level in more than a decade. Cineworld Group sank 39.4%, after the company was ordered to pay Cineplex CAD1.28 billion in damages, after cancelling a planned takeover. Currys declined 9.3%, after the company reported a decline in its sales for the first half of the year. International Consolidated Airlines Group dropped 5.1%, after the company announced that it was in talks to cancel the acquisition of Air Europa from Spain’s Globalia. On the flipside, DCC climbed 9.0%, after the sales and marketing company purchased the US sales and distribution business, Almo, for around $610.0 million. Playtech rose 2.1%, amid reports that Caliente Interactive, in which it owns a 49% stake, was in talks about a $2.5 billion merger with Tekkorp Digital. The FTSE 100 declined 0.7%, to close at 7,170.8, while the FTSE 250 fell 0.5%, to end at 22,433.9. European Market Finished higher yesterday, amid gains in technology and healthcare sector stocks. Assicurazioni Generali rose 0.3%. The insurance company announced that it would return up to €6.1 billion to shareholders by 2024 in dividends and with its first buyback in 15 years. On the contrary, Etablissementen Franz Colruyt declined 9.4%, after the company posted a drop in its third quarter profit. Industria de Diseno Textil eased 5.2%. The fashion retailer reported an increase in its third quarter profit and sales. H&M Hennes & Mauritz dropped 2.8%, even though the company reported a rise in its sales in the fourth quarter. Skandinaviska Enskilda Banken fell 2.2%, after the company announced that it had been hit with a €511 million tax demand from Germany. The FTSEurofirst 300 index gained 0.2%, to settle at 1,826.8. The German DAX Xetra rose 0.1%, to settle at 15,476.4, while the French CAC-40 added 0.5%, to close at 6,927.6. US Market Closed higher yesterday, after the US Federal Reserve (Fed) announced plans to battle rising inflation. CMC Materials skyrocketed 33.9%, after the advanced materials supplier agreed to be acquired by Entegris in a cash-and-stock deal worth $6.5 billion. Vir Biotechnology jumped 12.1%, after the drugmaker announced that further data showed that its Covid-19 antibody therapy developed with GlaxoSmithKline was effective against the omicron variant. Eli Lilly climbed 10.4%, after the company raised its annual profit and revenue outlook. Six Flags Entertainment advanced 3.7%, following a rating upgrade on the stock to ‘Buy’ from ‘Neutral’. Meanwhile, R.R. Donnelley & Sons dropped 2.8%. The company announced that it has accepted the takeover offer by Chatham Asset Management of around $897 million. The S&P 500 gained 1.6%, to settle at 4,709.9. The DJIA rose 1.1%, to settle at 35,927.4, while the NASDAQ added 2.2%, to close at 15,565.6. Asian Market Trading mostly higher this morning. In Japan, Tokai Carbon and Olympus have added 3.6% and 3.9%, respectively. Meanwhile, Mitsui Chemicals and Japan Post Holdings have fallen 0.3% and 0.4%, respectively. In Hong Kong, Tencent Holdings and WH Group have dropped 1.4% and 1.9%, respectively. Meanwhile, Longfor Group Holdings and CNOOC have risen 0.9% and 1.3%, respectively. In South Korea, Kumho Electric and PaperCorea have climbed 7.7% and 8.6%, respectively. Meanwhile, BK Tops and Dynamic Design have declined 4.4% and 5.3%, respectively. The Nikkei 225 index is trading 1.8% higher at 28,967.0. The Hang Seng index is trading 0.8% down at 23,231.5, while the Kospi index is trading 0.1% higher at 2,992.2.

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@bilalkhaniub #Market Masters Academy
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CMC got hacked

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@NoobBot #Crypto4Noobs
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**@TheCryptoDog:** honestly forgot about CMC :/ https://twitter.com/TheCryptoDog/status/1470877308345106438

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@DaveDixon #CoreTrader
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UK Market Closed lower yesterday, after the latest UK inflation figures stoked expectations of an earlier than expected interest rate hike. CMC Markets declined 10.5%, after the financial services company reported a drop in its pretax income in the first half of the year. Spirax-Sarco Engineering dropped 4.9%, after the company warned about difficulties in its supply chain. SSE fell 4.3%, after the renewable power generator and network operator reported a decline in its renewable power output. Experian shed 4.0%, even though the company lifted its annual outlook and reported a strong growth in the first half of the year. Marks & Spencer Group slid 1.9%, after a top broker downgraded its rating on the stock to ‘Hold’ from ‘Buy’. On the flipside, Sage Group climbed 9.7%, after the company announced that it expects its upbeat performance in its cloud offering to increase revenue growth in the coming year. The FTSE 100 slipped 0.5%, to close at 7,291.2, while the FTSE 250 fell 0.5%, to end at 23,434.1. . European Market Finished higher yesterday, on optimism about economic growth and amid upbeat earnings. Siemens Healthineers advanced 5.6%, after the medical technology firm forecasted a double-digit annual sales growth from 2023 to 2025. On the other hand, Fresenius Medical Care fell 1.9%, after the company announced that it would cut around 500 to 750 jobs in Germany as part of its recently announced plan of 5,000 job cuts worldwide. Basler shed 1.1%, after the company announced that it has been target of an external cyberattacks leading to huge obstructions to its IT infrastructure. NicOx slid 0.6%, following news that the ophthalmology company was granted patent for blepharitis product candidate NCX 4251 in Europe. The FTSEurofirst 300 index gained 0.2%, to close at 1,897.1. Among other European markets, the German DAX Xetra 30 marginally rose to close at 16,251.1, while the French CAC-40 advanced 0.1%, to settle at 7,156.9. . US Market Closed lower yesterday, amid concerns over inflation. Roku declined 11.3%, after a top broker downgraded its rating on the stock to ‘Sell’ from ‘Neutral’. La-Z-Boy dropped 7.7%, even though the company reported better than expected revenue and earnings in the second quarter. Target fell 4.7%, after the company announced that rising costs might affect its growth as it plans to absorb those costs instead of passing them onto customers. Visa shed 4.7%, following news that Amazon would stop accepting Visa credit cards issued in the UK from next year. On the other hand, TJX advanced 5.8%, after the apparel and home retailer reported an increase in its third quarter earnings. Lowe’s rose 0.4%, after the retailer reported upbeat results in the third quarter and lifted its annual outlook. The S&P 500 slipped 0.3%, to settle at 4,688.7. The DJIA fell 0.6%, to settle at 35,931.1, while the NASDAQ dropped 0.3%, to close at 15,921.6. . Asia Market We’re trading lower this morning, tracking overnight losses on Wall Street In Japan, Advantest and Inpex have dropped 3.2% and 7.1%, respectively. Meanwhile, Nikon and Sharp have advanced 2.1% and 2.8%, respectively. In Hong Kong, Tencent Holdings and Meituan have fallen 2.5% and 3.2%, respectively. Meanwhile, CLP Holdings and BYD have risen 0.4% and 1.7%, respectively. In South Korea, YG PLUS and Kumho Tire have declined 5.1% and 6.3%, respectively. Meanwhile, Ascendio and Jico have climbed 10.1% and 29.7%, respectively. The Nikkei 225 index is trading 0.8% lower at 29,446.1. The Hang Seng index is trading 1.3% down at 25,305.1, while the Kospi index is trading 0.1% lower at 2,959.7

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@trademaster #TradeHouses
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By Huw Jones LONDON (Reuters) - Wall Street was headed for a steady start on Friday, helping stocks to consolidate record highs in Europe on the back of strong earnings and shrug off renewed selling in U.S. Treasury markets. The dollar was set for it biggest weekly rise in five months, helping to send crude oil prices down nearly 2% a barrel. U.S. Treasury markets were closed on Thursday for a holiday, but selling resumed on Friday, driven by Wednesday's news of the biggest annual rise in U.S. inflation in 31 years. Worry over interest rate hikes to quell inflation could catch up with riskier assets like stocks, analysts cautioned. "It's all about the June Fed meeting in my mind, which is almost priced in as a hike," said Peter Chatwell, head of multi-asset strategy at Mizuho in London. "We're at the inflection point whereby any further hawkish repricing of dollar rates markets is likely to weigh much more heavily on risk assets than it has in the past." In Europe, euro zone money markets priced in two full European Central Bank rate hikes by the end of next year. A Reuters poll showed the Bank of England is expected to be the first major central bank to raise rates, probably next month. U.S. stock futures were slightly firmer as shares in Johnson & Johnson (NYSE:JNJ) rose before the bell on news it was planning to break up into two companies. Tesla (NASDAQ:TSLA) Inc Chief Executive Officer Elon Musk sold more shares of the electric carmaker, regulatory filings showed on Friday. The world's stock prices posted their biggest fall in over a month on Wednesday on data showing the U.S. consumer price index rose 6.2% year-on-year in October, the strongest advance since November 1990. However, European shares chalked up new highs on Friday, with the STOXX index of 600 companies up 0.08%, enough to eke out a new record high for a second day running. The CAC 40 French blue chip index in Paris also clocked up a new high, helped by a rise in luxury companies following strong earnings from Cartier-owned Richemont. The MSCI All Country stock index was up 0.1% at 752.79 points, recovering its footing after Wednesday's drop in the wake of the U.S. inflation data. The index is barely six points below Tuesday's record high. "Directionally, the line of least resistance is for lower bond prices and higher yields and the stock market does not seem to care that much," said Mike Hewson, chief markets analyst at CMC Markets. Bond yields ticked up on Friday, with the 10-year U.S. Treasuries yield at 1.57%. "Inflation is obviously a risk to watch. But stock prices will face a major crash only if the Federal Reserve turns out to be completely wrong in its assessment and is forced to raise interest rates rapidly. That's not where we are now," said Norihiro Fujito, chief investment strategist at Mitsubishi UFJ (NYSE:MUFG) Morgan Stanley (NYSE:MS) Securities. OIL SLUMPS In the currency market, the dollar held firm after Wednesday's strong U.S. inflation reading fanned expectations the Fed would tighten monetary policy faster than previously thought. An index of the dollar against six other currencies was flat at 95.160, on track for its biggest weekly rise in five months. The yen was trading at 113.97 per dollar, down slightly on the day and near its four-year low hit last month, while commodity currencies such as the Australian dollar and the Canadian dollar were on a back foot. Oil prices dipped as the market grappled with a stronger U.S. dollar, along with concern over increasing U.S. inflation, and after OPEC cut its 2021 oil demand forecast due to high prices. Brent crude futures were down 1.76% at $81.40 per barrel, while U.S. West Texas Intermediate (WTI) futures dropped 1.9% to $80.02 per barrel. Gold prices eased off Wednesday's five-month highs to $1,853 per ounce, down 0.4% on the day. Shares in Asia were largely steady, with Japan's Nikkei up 1.13%, helped by brisk earnings. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.62%, but mainland Chinese shares were softer, with CSI 300 index slipping 0.2%.

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@JPwhoisbrown #droscrew
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CMC comes back this week, fingers crossed

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@Hanfred #BTC-ECHO
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@lueley wie siehst du Blok (bloktopia) ? Ist ja auch im nft Bereich, hab vor 2 Tagen das erste mal vom Namen her gehört geht wohl um eine nft Welt mit vr Brille und ist laut cmc die letzte Woche echt gut durch gestartet

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@trademaster #TradeHouses
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By Huw Jones LONDON (Reuters) - Stocks advanced on Friday as strong earnings kicked off a new results season on Wall Street and fears that inflation will trigger earlier-than-expected interest rate rises eased for now. The MSCI All World Share Index was up 0.31%. U.S. stock futures were about 0.4% higher, with investors waiting for the latest U.S. retail sales figures, and inflation expectations from the University of Michigan. Earnings from Goldman Sachs (NYSE:GS) were expected to be in line with strong results on Thursday from several of its U.S. peers which propelled shares higher. "The overall mood is buy the bid, there is no alternative to equities. We have come out with this enthusiasm about earnings coming back and optimism coming through," said Kit Juckes, global fixed income strategist at SocGen. In Europe, the STOXX index of 600 European shares was up 0.3%, hitting a three-week high. Britain's FTSE 100 gained 0.2%, with the UK blue-chip index recovering all ground lost since the coronavirus pandemic began in March last year, but analysts warned over complacency in markets. "Markets have been trying to make up their mind on whether inflation is transitory, are supply chain disruptions are going to translate into higher costs," said Mike Hewson, chief markets analyst at CMC Markets. "But this week's earnings from various companies are assuaging some of those concerns that companies won't be able to pass on some of these cost rises to consumers, and that's why we are seeing the increase in risk," Hewson said. The return of optimism will be tested by next week's anticipated weaker growth data from China and the impact of strengthening oil prices on consumers going into the winter months, Hewson said. European car registrations slumped by more than a quarter in September, and Toyota Motor (NYSE:TM) Corp said it would cut global output in November as chip shortages and supply chain problems continued to dog the sector. Investors were also trying to figure out where bonds go next. "With no strong case for either direction and many investors likely to be sitting on a dismal performance as major fixed income indices are in the red year-to-date, yield volatility is likely to remain elevated in the coming months," UniCredit told clients in a note. " onerror="this.style.display='none'" class="msg-img" /> BRENT AND BITCOIN Oil prices were at multi-year highs, a drag on growth in energy-importing markets in north Asia, but good news for some energy-exporting markets in Southeast Asia. U.S. crude gained 0.9% to $82.05 a barrel, back near Monday's seven-year high of $82.18. Brent crude rose 1% to $84.91 per barrel, around its three-year high hit on Monday. [O/R] Bitcoin hit a six-month high of $60,000 on Friday, approaching the record hit in April, as traders became increasingly confident U.S. regulators would approve the launch of an exchange-traded fund based on its futures contracts. MSCI's broadest index of Asia-Pacific shares outside Japan gained 1.2%, and was set for a 1.7% weekly gain, which would be its best weekly performance since early September, while Japan's Nikkei surged 1.81%, led by tech stocks. Analysts largely attributed the gains in Asia to the U.S. rally. Chinese shares rose more cautiously than elsewhere with blue chips up 0.38% ahead of next week's growth figures. "We expect GDP growth to slow to 4.6% year-on-year in the third quarter from 5.6% previously, in view of persistent weakness in consumption and services amid repeated COVID outbreaks, and the fading of the low year-earlier base," said Barclays (LON:BARC) analysts in a note. In currency markets, the dollar rose again to a near three- year high versus the yen with one dollar buying 114.32 yen, the most since late 2018. The dollar index, which measures the greenback against a basket of currencies, was marginally lower on the day, at 93.89 and set for its first weekly decline versus major peers since the start of last month, having lost a little ground to sterling and the euro. The yield on benchmark 10-year Treasury notes was 1.5388%, slightly higher on the day, after trending downwards this week from Tuesday's four-month high of 1.631%. Graphic: Bitcoin on the rise https://fingfx.thomsonreuters.com/gfx/

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Thursday, October 14, 2021 Futures Up/Down % Last Dow 205.00 0.60% 34,461 S&P 500 28.25 0.67% 4,384 Nasdaq 116.50 0.79% 14,880 Stock futures are jumping overnight, extending yesterday’s gains ahead of key earnings reports and inflation data. Stocks advanced on Wednesday as the S&P 500 and Nasdaq outperformed after a choppy session, with Big Tech doing much of the heavy lifting, led by shares of Microsoft, Amazon, Alphabet, and Nvidia. Minutes from the September Federal Reserve policy meeting showed central bankers signaled they could start reducing crisis-era support for the economy in mid-November, although they remained divided about how soon they may need to raise interest rates. Inflation data was in-line with forecast for consumer prices ahead of today’s producer price index at 8:30 AM ET. Banks the other top story with earnings this week, with JPMorgan falling after its third-quarter earnings beat expectations. Bank of America, Citigroup, Wells Fargo and Morgan Stanley are set to report results this morning. In Asian markets, The Nikkei Index rose 410 points to 28,550, while the Shanghai Index was little changed at 3,558. In Europe, the German DAX is rising 130 points to 15,380, while the FTSE 100 gains about 50-points to move just below the 7,200 level. Market sentiment improving after a rough start to the week, helped yesterday on news Port of Los Angeles to go 24/7 joining neighboring Port of Long Beach as the expanded operations would nearly double the hours that cargo can move and help remove the glut at ports and improve inventory for retail and food stores. Oil prices rose by about 1% after the International Energy Agency said that record natural gas prices will boost demand for oil and top oil producer Saudi Arabia dismissed calls for additional OPEC+ supplies. Market Closing Prices Yesterday The S&P 500 Index gained 13.15 points, or 0.30%, to 4,363.80 The Dow Jones Industrial Average little changed, or 0.00%, to 34,377.81 The Nasdaq Composite jumped 105.71 points, or 0.73%, to 14,571.63 The Russell 2000 Index advanced 7.70 points, or 0.34% to 2,241.97 Events Calendar for Today 8:30 AM ET Weekly Jobless Claims…est. 319K 8:30 AM EST Continuing Claims…est. 2.675M 8:30 AM ET Producer Price Index (PPI) Headline MoM for September…est. +0.6% 8:30 AM ET PPI Core: Ex Food & Energy MoM for September…est. +0.5% 8:30 AM ET Producer Price Index (PPI) Headline YoY for September…est. +8.7% 8:30 AM ET PPI Core: Ex Food & Energy YoY for September…est. 7.1% 10:30 AM ET Weekly EIA Natural Gas Inventory Data 11:00 AM ET EIA Weekly Inventory Data Earnings Calendar: Earnings Before the Open: BAC, C, CMC, DPZ, MS, PGR, UNH, USB, WBA, WFC Earnings After the Close: AA, DCT, TACO Other Key Events: Piper Insurance Summit in New York, 10/14 Macro Up/Down Last Nymex 0.87 81.31 Brent 0.97 84.15 Gold 4.90 1,801.60 EUR/USD 0.0014 1.1606 JPY/USD 0.17 113.41 10-Year Note -0.017 1.532% World News China sept. consumer prices rise7% y/y vs. est. 0.8%; China sept. producer prices rise 10.7% y/y vs. est. 10.5% Oil demand is set to jump by half a million barrels per day (bpd) as the power sector and heavy industries switch from other more expensive sources of energy, the IEA said, warning that the energy crunch could stoke inflation and slow the world’s economic recovery from the COVID-19 pandemic. In its monthly report, the IEA increased its global oil demand growth forecast by 170,000 bpd to 5.5 million bpd for 2021 and by 210,000 bpd to 3.3 million bpd for 2022. The agency now expects total oil demand in 2022 to reach 99.6 million bpd Sector News Breakdown Consumer Bed Bath & Beyond ($BBBY) downgraded to Underweight from Equal Weight at Morgan Stanley Wayfair ($W) downgraded to Underweight from Equal Weight at Morgan Stanley Esports Entertainment Group ($GMBL) rises after forecasting higher revenue in FY22 saying it expects net revenue to increase by at least 490% to $100 mln to $105 mln in FY22 driven primarily by the multiple acquisitions completed in calendar 2021 Good Times Restaurants ($GTIM) said Q4 YoY same store sales ended sept. 28, 2021 decreased 0.2% for its good times brand & increased 22.8% for its Bad Daddy’s brand Hyzon Motors ($HYZM) said in 2022, expects to increase capacity to up to 1,000 trucks/year through operational updates, addition of second shift in Europe facility Winnebago ($WGO) announces new $200M share repurchase authorization Energy, Industrials and Materials Occidental ($OXY) agreed to sell its interests in two Ghana offshore fields for $750 million to Kosmos Energy (KOS) paying $550M and Ghana National Petroleum Corporation paying $200M, prior to closing adjustments to reflect an April 1, 2021 effective date The American Petroleum Institute (API) WD-40 ($WDFC) approves new $75M share repurchase plan Matrix Nac ($MTRX) awarded multiple contracts for electrical infrastructure work that, in aggregate, totals about $50 mln The American Petroleum Institute (API) showed a build of 5.21M barrels of oil for the week ending October 8, a draw of 4.58M barrels, distillate inventories show a draw of 2.71M barrels and Cushing inventories show a draw of 2.28M barrels. Steel Dynamics ($STLD) CEO said steel prices, driven to nosebleed highs by surging demand, should start to “erode” by the first part of next year as COVID-related supply bottlenecks ease and new domestic production comes online. UPS ($UPS) upgraded to Buy from Hold at Stifel The Biden administration unveiled plans to hold as many as seven government auctions of offshore wind development rights in the next four years (watch shares of AGR, RDSA) Financials S.-listed Chinese online brokerages Futu Holding ($FUTU) and UP Fintech Holding ($TIGR) face regulatory risks as China’s personal data privacy law takes effect Nov. 1, the official People’s Daily said in an analysis on its website. Such brokerages could violate data privacy rules and also runs compliance risks, the article said. S. Bancorp ($USB) Q3 EPS $1.30 vs. est. $1.16; Q3 revs $5.89B vs. est. $5.77B; return on average assets 1.45% vs. 1.17% y/y; return on average equity 15.9% vs. 12.8% y/y; net charge-offs $147 million, -71% Yoy Healthcare UnitedHealth ($UNH) Q3 adj EPS $4.52 vs. est. $4.41; Q3 revs $72.34B vs. est. $71.19B; Q3 beat helped by a jump in revenue from its Optum unit that manages drug benefits, rising 14%; raises FY21 adjusted EPS view to $18.65-$18.90 from $18.30-$18.80 (est. $18.75) Perrigo ($PRGO) upgraded to Outperform from Market Perform at Raymond James with a $59 price target saying the recently announced acquisition of leading branded consumer play HRA Pharma is expected to immediately boost the company’s profitability back to 2019 levels while delivering on its goal of becoming a pure-play consumer health company by 2023 Sarepta ($SRPT)17M share secondary priced at $81 per share Lucid Diagnostics ($LUCD) 5M share IPO priced at $14 per share Agilent Technologies Inc. ($A) said its Ki-67 IHC MIB-1 pharmDx (Dako Omnis) is now FDA approved as an aid in identifying patients with early breast cancer (EBC) at high risk of disease recurrence Turning Point Therapeutics ($TPTX) and EQRx announced a clinical collaboration to evaluate elzovantinib or TPX-0022, Turning Point’s drug candidate targeting MET, SRC, and CSF1R, in combination with aumolertinib, EQRx’s drug candidate targeting EGFR for NSCLC Technology, Media & Telecom Taiwan Semiconductor Manufacturing Co. ($TSM) lifted its revenue growth forecast for 2021, citing an “industry megatrend” of strong chip demand after Q3 rev climbed 22.6% to $14.88B, in line with co’s prior estimated range of $14.6B-$14.9B and vs. est. $14.83B; Q3 profit rose 14% from a year earlier to 156.26 billion New Taiwan dollars (US$5.57 billion) AT&T ($T) upgraded to Sector Weight from Underweight at KeyBanc saying that it appears more difficult to justify further downside from current levels given simplification of the business, reduced leverage, and peers that trade at premiums GitLab ($GTLB)4M share IPO priced at $77.00 Rambus ($RMBS) announced that Rahul Mathur, senior vice president and CFO, will resign from Rambus effective November 15 to pursue another opportunity outside of the semiconductor industry; co affirmed its previously issued guidance for the third quarter fiscal year 2021. E2open ($ETWO) raises FY22 revenue view to $470M-$474M from $369M-$371M (est. $417.13M); adjusted EBITDA is expected to be in the range of $161M-$163M vs. prior guidance of $158M provided at the announcement of the BluJay transaction.

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ST
@stevengo #StockTraders.NET
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Earnings Out This Afternoon/Tomorrow Morning: Tomorrow Morning: BAC C CMC DPZ MS PGR TSM USB UNH WBA WFC

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@HeyShoe #droscrew
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take my hammy CMC!

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@JPwhoisbrown #droscrew
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yeah..like wtf conditioning coach! > @HeyShoe said: CMC pulled a hammy?

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@HeyShoe #droscrew
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CMC pulled a hammy?

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@JPwhoisbrown #droscrew
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damn CMC ruined my chances last night

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@JPwhoisbrown #droscrew
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gtfo Sam darn old.....just hand it to cmc

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@DaveDixon #CoreTrader
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UK Markets Finished mixed yesterday, as gains in energy sector stocks were offset by losses in property sector stocks. CMC Markets tumbled 27.4%, after the online trading platform cut its earnings outlook for the full year. Auction Technology Group declined 10.2%, following news that TA Associates and ECI Partners sold around 12.6 million shares in the company through a placing. Barratt Developments dropped 4.5%, even though the company reported a jump in its annual profit. On the flip side, Energean climbed 7.3%, after the gas explorer announced that its interim losses narrowed, after reporting better than expected production. Melrose Industries advanced 7.2%, after the engineering firm swung to a profit in the first half of 2021. Homeserve added 3.3%, after a top broker upgraded its rating on the stock to ‘Overweight’ from ‘Equal Weight’. Wizz Air Holdings rose 1.8%, after the airline operator reported a rise in passengers in August. The FTSE 100 advanced 0.2%, to close at 7,163.9, while the FTSE 250 fell 0.1%, to end at 24,226.3. . European Markets Finished higher yesterday, amid strong corporate quarterly earnings reports and optimism over economic recovery. Swedish Orphan Biovitrum surged 25.8%, following news that US venture capital firm, Advent International and Aurora Investment offered to acquire the drugmaker for $8.0 billion. Lagardere rose 1.9%. The media company announced that it would sell a part of stake of its subsidiary company, Lagardere Travel Retail Asia to e-commerce company, JD.com. On the other hand, Alstom fell 3.4%. The speed-train maker announced that it would supply 35 additional Citadis tramways to Lyon’s Public Transport Authority, SYTRAL. The FTSEurofirst 300 index added 0.3%, to close at 1,827.5. Among other European markets, the German DAX Xetra 30 rose 0.1%, to close at 15,840.6, while the French CAC-40 advanced 0.1%, to settle at 6,763.1. . US Markets Closed higher yesterday, after the US weekly jobless claims declined more than expected. ChargePoint Holdings climbed 8.2%, after the company reported an increase in its revenue in the third quarter and lifted its annual revenue guidance. Signet Jewelers advanced 5.7%, after the company reported better than expected revenue and earnings in the second quarter and raised its annual outlook. Hill-Rom Holdings rose 4.7%, after the medical equipment maker agreed to be acquired by medical products maker, Baxter International for a cash consideration of $10.5 billion. On the other hand, Five Below declined 13.0%, after the company reported lower than expected revenue in the second quarter. C3.ai dropped 10.2%, after the software company reported wider than expected loss in the first quarter. The S&P 500 added 0.3% to settle at 4,537.0. The DJIA rose 0.4% to settle at 35,443.8, while the NASDAQ advanced 0.1%, to close at 15,331.2. . Asian Markets Were trading mostly higher this morning. In Japan, Terumo and IHI have advanced 2.8% and 3.2%, respectively. Meanwhile, Toyobo and JTEKT have dropped 0.4% and 1.2%, respectively. In Hong Kong, Tencent Holdings and BYD have fallen 1.2% and 2.1%, respectively. Meanwhile, CSPC Pharmaceutical and CNOOC have risen 1.7% and 2.5%, respectively. In South Korea, TCC Steel and Dual have climbed 7.6% and 13.7%, respectively. Meanwhile, Duksung and Seoyon have declined 5.6% and 6.5%, respectively. The Nikkei 225 index is trading 0.9% higher at 28,787.4. The Hang Seng index is trading 0.5% down at 25,961.8, while the Kospi index is trading 0.7% higher at 3,196.6. . Commodity Gold futures contract is trading 0.32% or $5.80 higher at $1815.20 per ounce, amid weakness in the US Dollar. Yesterday, the contract declined 0.24% or $4.40, to settle at $1809.40 per ounce, . Brent crude oil one month futures contract is trading 0.1% or $0.07 higher at $73.10 per barrel, ahead of the weekly US oil rig count data by Baker Hughes, scheduled to be released later today. Yesterday, the contract climbed 2.01% or $1.44, to settle at $73.03 per barrel, amid optimism over crude demand recovery. . Currency GBP is trading marginally higher against the USD at $1.3833, ahead of UK’s services PMI for August, due in a few hours. Yesterday, the GBP strengthened 0.46% versus the USD, to close at $1.3833. . EUR is trading marginally higher against the USD at $1.1878, ahead of the Euro-zone’s services PMI for August and retail sales data for July, along with Germany’s services PMI for August, due in a few hours. Additionally, investors await the US nonfarm payrolls, average hourly earnings, unemployment rate and the services PMI, all for August, scheduled to release later today. Yesterday, the EUR strengthened 0.3% versus the USD, to close at $1.1875. On the data front, Euro-zone’s producer price index (PPI) advanced more than market forecast in July. In other economic news, the US initial jobless claims declined to its lowest level since March 2020 in the week ended 27 August 2021. Further, the US factory orders climbed more than expected in July, while the nation’s trade deficit narrowed in the same month. . Bitcoin BTC is trading 1.01% lower against the USD at $49060.05. Yesterday, BTC advanced 2.67% against the USD to close at $49562.10. In a key development, blockchain-based music streaming platform, Audius announced the launch of full Salona NFT integration to allow its users to start featuring digital collectibles from the Solana library. In another development, US based blockchain startup, Simba Chain announced that it has secured $25.0 million through a series A funding round to expand its business and to tap new opportunities like nonfungible tokens. . Economic News . Euro-zone PPI advanced more than expected in July In the Euro-zone, the PPI jumped 12.10% on YoY basis in July, compared to an advance of 10.20% in the previous month. Markets were expecting the PPI to climb 11.00%. . US factory orders climbed more than expected in July In the US, factory orders advanced 0.40% on a MoM basis in July, compared to a rise of 1.50% in the prior month. Markets were expecting factory orders to record a rise of 0.30%. . US initial jobless claims dropped more than market forecast in the week ended 27 August 2021 In the US, the number of initial jobless claims fell to a level of 340.00 K in the week ended 27 August 2021, compared to a revised level of 354.00 K in the prior week. Markets were expecting the initial jobless claims to fall to a level of 345.00 K. . US goods trade deficit narrowed in July In the US, trade deficit narrowed to $70.05 billion in July, compared to a revised deficit of $73.23 billion in the previous month. Market expectations were for the nation to record a deficit of $71.00 billion. . Chinese Markit services PMI index dropped in August In China, the Markit services PMI index registered a drop to 46.70 in August, compared to a reading of 54.90 in the previous month.

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@trademaster #TradeHouses
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By Naveen Thukral and Florence Tan SINGAPORE (Reuters) -Oil prices extended gains on Friday, but remained on track for their biggest weekly decline since March as travel restrictions to curb the spread of the COVID-19 Delta variant are raising concerns about fuel demand. Brent crude oil futures were up 47 cents at $71.76 a barrel at 0640 GMT while U.S. West Texas Intermediate (WTI) crude futures rose 45 cents to $69.54 a barrel, but both contracts have given up 6% this week, the most since March. "The price action we see now is really a function of the macro picture," said Howie Lee, an economist at Singapore's OCBC bank. "The Delta variant is now really starting to hit home and you see risk aversion in many markets, not just oil." Japan is poised to expand emergency restrictions to more prefectures while China, the world's second-largest oil consumer, has imposed curbs in some cities and cancelled flights, threatening fuel demand. "At least 46 cities have advised against travelling, and authorities have suspended flights and stopped public transport. This could impact oil demand as it comes towards the end of the summer travel season," ANZ said in a report. Daily new COVID-19 cases in the United States have climbed to a six-month high. However, worries over rising tensions between Israel and Iran limited the decline in prices. "In the short-term oil prices are likely to be stuck in a range-bound environment," CMC Markets analyst Kelvin Wong said, with WTI trading between $66.30 and $75.70 per barrel. He said that oil's upside has also been capped by improving crude supplies in the United States while non-farm payroll data due later on Friday has lent a cautious air to trading.

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@DarkPoolAlgo #Dark Pool Charts
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/*============================================= = Thursday, June 17, 2021 = =============================================*/ Futures Up/Down % Last Dow -110.00 0.32% 33,795 S&P 500 -16.25 0.39% 4,196 Nasdaq -87.50 0.63% 13,885 U.S. stock futures are lower, with major averages looking to open down between -0.3% and -0.6% after the Federal Reserve left interest rates unchanged on Wednesday but signaled it expected to boost interest rates two times by the end of 2023, earlier than Wall Street had anticipated. Treasury yields ended higher yesterday, as the 10-year holding around the 1.57% level (up roughly 8 bps prior to the Fed announcement). The number of Fed governors who expect rate hikes as early as 2022 – known as the dot plot – went to seven from four, essentially translating into two rate hikes in 2023 based on growth and inflation projections from the 18 members of the FOMC as the economy recovers rapidly from the effects of the pandemic and inflation heats up. Banking shares rally, however, as bond yields rise, with the 10-year Treasury hitting 1.55%. Chairman Jerome Powell also said officials discussed an eventual reduction of bond-buying, though the timing of such a move remains uncertain. In Asian markets, The Nikkei Index dropped -272 points to 29,018, the Shanghai Index rose 7 points to 3,525, and the Hang Seng Index gained 121 points to settle at 28,558. In Europe, the German DAX is down around -20 points to 5,695, while the FTSE 100is down -30 points at 7,150. Precious metal prices are plunging with gold and silver down sharply as the U.S. dollar rebounds. Market Closing Prices Yesterday The S&P 500 Index slipped -22.89 points, or 0.54%, to 4,223.70 The Dow Jones Industrial Average fell -265.63 points, or 0.77%, to 34,033.67 The Nasdaq Composite dipped -33.22 points, or 0.24%, to 14,039.68 The Russell 2000 Index declined -5.38 points, or 0.23% to 2,314.69 Events Calendar for Today 8:30 AM ET Weekly Jobless Claims…est. 359K 8:30 AM EST Continuing Claims…est. 3.43M 8:30 AM EST Philly Fed Business Index for June…est. 31.0 10:00 AM EST Leading Index MoM for May…est. 1.3% 10:30 AM ET Weekly EIA Natural Gas Inventory Data Earnings Calendar: Earnings Before the Open: $CMC, $JBL, $KR Earnings After the Close: $ADBE, $SWBI Other Key Events: Cowen Annual Future Health Conference (virtual), 6/16-6/17 Deutsche Bank Global Auto Industry Conference (virtual), 6/16-6/17 European Hematology Association (EHA) Virtual Meeting, 6/9-6/17 Macro Up/Down Last Nymex -0.07 72.08 Brent -0.10 74.29 Gold -10.10 1,801.35 EUR/USD -0.0063 1.1932 JPY/USD 0.05 110.76 10-Year Note -0.007 1.562% World News Brazil’s Central Bank raises rates by 75bps to 4.25% as expected; indicates it may do so again next meeting Swiss National Bank rates unchanged -0.75% as expected; Franc remains highly valued; prepared to intervene in FX markets; as necessary; 2021 GDP expected 3.5% vs. 2.5-3.0% previous Sector News Breakdown Consumer Lennar Corp. ($LEN) Q2 adj EPS $2.95 vs. est. 42.36; Q2 revs $6.4B vs. est. $5.91B; Deliveries of 14,493 homes, up 14%; new orders of 17,157 homes, up 32%; backlog of 24,741 homes, up 38% (backlog dollar value of $11.0 billion, up 56%); homebuilding net margins of $1.1 billion, compared to $655.1 million and gross margin on home sales of 26.1%, compared to 21.6% Honest Company ($HNST) 1Q adj EPS ($0.05) vs. est. ($0.06) on revs $81Mm vs. est. $79.3Mm; digital channel revenue increased 2% to $42.5 mln in q1 of 2021 compared to q1 of 2020 (downgraded to Neutral at Guggenheim) China’s market regulator has commenced an antitrust probe into Didi Chuxing as it prepares for a U.S. IPO, Reuters’ reported Energy, Industrials and Materials Northern Oil and Gas, Inc. ($NOG) announces core Permian basin bolt-on acquisitions of $102.2M; management intends to submit a request for a 50% increase to quarterly dividend; commenced underwritten public offering of 5 mln shares of its common stock Northern Oil and Gas ($NOG) 5M share Spot Secondary priced at $17.25 Culp Inc. ($CULP) Q4 adj EPS $0.11 on sales $79.1M vs. est. $0.08 and $66.1M; sees near-term headwinds temporarily pressuring business in FY22 The Federal Aviation Administration issued a directive for Boeing ($BA) requiring operators of 737 MAX airplanes to conduct additional inspections for the plane’s automated flight control system. The directive makes mandatory instructions released by Boeing in December that recommend that planes with more than 6,000 flight hours be subject to specific electronic checks. Financials The Justice Department said late Wednesday it would sue to stop insurance broker Aon’s ($AON) $30 billion bid for Willis Towers Watson ($WLTW) citing antitrust concerns. Shares of Arthur Gallagher ($AJG) shares fell – recall the co had agreed to buy assets from the two insurance brokers were selling in order to get antitrust approval in Europe Angel Oak Mortgage ($AOMR)2M share IPO priced at $19.00 The9 Limited ($NCTY) selects Coinbase Custody, a wholly owned subsidiary of Coinbase Global ($COIN) as the custodian for The9’s digital assets, including Bitcoin BNY Mellon ($BK) upgraded to Outperform from Market Perform at Keefe Bruyette Northern Trust ($NTRS) downgraded to Market Perform from Outperform at Keefe Bruyette Voya Financial ($VOYA) downgraded to Neutral from Buy at Citi Healthcare CureVac ($CVAC) shares fell 45% after saying its COVID-19 vaccine was only 47% effective in a late-stage trial, missing the study’s main goal and throwing in doubt the potential delivery of hundreds of millions of doses to the European Union. C4 Therapeutics ($CCCC)25M share Secondary priced at $37.00 iSpecimen ($ISPC)25M share IPO priced at $8.00 Biogen Inc. ($BIIB) announced topline results from its Phase 2 TANGO study of gosuranemab (BIIB092), an investigational anti-tau antibody that was being evaluated as a potential treatment for Alzheimer’s disease. Satsuma Pharmaceuticals ($STSA) announces positive pharmacokinetic, tolerability and safety results from phase 1 trial of sts101 at multiple dose strengths Tarsus Pharmaceuticals ($TARS) has initiated dosing participants in its first clinical trial for TP-05, a novel, oral, non-vaccine therapeutic for the prevention of Lyme disease. Lyell Immunopharma ($LYEL) 25M share IPO priced at $17.00 Verve Therapeutics ($VERV)04M share IPO priced at $19.00 Technology, Media & Telecom Baidu ($BIDU) is partnering with BAIC Group’s EV brand ARCFOX to jointly release Apollo Moon, a new generation of robotaxis that are set to be mass-produced with a per unit manufacturing price of RMB 480,000 Nokia ($NOK) to expedite rollout following the availability of a 3.5GHz spectrum; the improved services will offer premium 5G speeds to customers. Elbit Systems ($ESLT) subsidiary has been awarded two orders with an aggregate value of ~$29M by the US army’s program Urban One ($UONE) files to sell 2.93M shares of Class A common stock for holders

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@DaveDixon #CoreTrader
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UK Markets Was a mixed day yesterday. BT Group jumped 6.6%, after US company, Altice Group stated that it purchased a 12.1% stake worth £2.2 billion in the broadband and mobile operator. Auto Trader Group climbed 6.5%, after the company issued an upbeat annual outlook and reinstated its dividend. Mitie Group advanced 5.9%, after the company projected its 2022 profit to be “materially ahead” of its prior expectations. CMC Markets added 1.7%, after the online trading platform reported a jump in annual profits. Capita gained 1.3%, after the company secured a £58.0 million three-year contract renewal with Tesco Mobile to operate the telecoms firm’s customer services. National Grid rose 0.1%, after a top broker raised its target price on the stock to 1003.0p from 970.0p. The FTSE 100 advanced 0.1%, to close at 7,088.2, while the FTSE 250 fell 0.7%, to end at 22,608. .

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@itsrobinhood #Market Masters Academy
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sorry Im not on meta trader I use cmc. 😂 trade size is 64k usd

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@itsrobinhood #Market Masters Academy
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Im in Canada and use CMC Markets

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@DaveDixon #CoreTrader
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UK Market Markets finished again in the red yesterday, amid growing tensions about a third wave of Covid-19. Cineworld Group declined 7.6%, after the company swung to an annual loss. Apax Global Alpha slid 0.4%. The company announced that it was investing £18.37 million into ophthalmic lens manufacturer, Rodenstock Group, as part of a majority stake investment by the Apax X Fund. On the contrary, CMC Markets advanced 2.9%, after the online trading platform operator raised its annual guidance, citing robust fourth quarter results. Compass Group added 1.1%, after the catering company announced that its profitability improved in the second quarter. BBGI Global Infrastructure rose 0.1%, after the company raised its payout and affirmed plans to hike its dividend for the next two years. The FTSE 100 declined 0.6%, to close at 6,674.8, while the FTSE 250 fell 0.6%, to end at 21,277. .

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@Milpower1967 #ivtrades
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I like to think PO2s had it the best. Believe it or not, SCPOs still got shit on (I did, routinely, by my Base CMC (who had the MCPON as his kids godfather)).

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@DaveDixon #CoreTrader
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UK markets finished in the green yesterday, amid hopes of a post-Brexit trade deal. TalkTalk Telecom Group jumped 17.1%, after announcing that Toscafund Asset Management has made a nonbinding offer of 97.0p per share to buy the UK telecommunications firm. On the contrary, CMC Markets declined 5.9%. The company upgraded its guidance for annual revenue. Hargreaves Lansdown dropped 4.6%, after warning of weakening investor sentiment arising from COVID-19 and Brexit uncertainties. Imperial Brands slid 0.6%, after the company forecasted a drop in its annual earnings as it made higher provisions for stock and bad debts due to coronavirus crisis. London Stock Exchange Group slid 0.3%, following reports that it inched closer to a nearly €4.0 billion deal to sell Borsa Italiana to Euronext NV and two Italian institutions. The FTSE 100 advanced 0.5%, to close at 5,978.0, while the FTSE 250 rose 0.8%, to end at 17,946.2 .

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Key Metrics

Market Cap

4.50 B

Beta

1.03

Avg. Volume

1.26 M

Shares Outstanding

121.48 M

Yield

1.45%

Public Float

0

Next Earnings Date

2022-06-16

Next Dividend Date

Company Information

Commercial Metals Company and its subsidiaries manufacture, recycle and fabricate steel and metal products, related materials and services through a network including seven electric arc furnace ("EAF") mini mills, two EAF micro mills, a rerolling mill, steel fabrication and processing plants, construction-related product warehouses, and metal recycling facilities in the U.S. and Poland.

CEO: Barbara Smith

Website:

HQ: 6565 N Macarthur Blvd Ste 800 Irving, 75039-6283 Texas

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