Executives and production team members recently commemorated the production and sale of the 1000th Motor Grader, which is destined for Rio Tinto’s operations in the Pilbara. The Cat 24 Motor Grader was introduced in 1995 and was specifically designed to build and maintain haul roads at mining sites with ultra-class haul trucks. Now in its … Continue reading Caterpillar celebrates of 1000th 24 Motor Grader → Australian Mining .
NEW YORK , Sept. 28, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for RIO, LOW, WMT, ILMN, and XOM. … Full story available on Benzinga.com
Source: Ruslan Ivantsov / Shutterstock.com Wall Street has officially entered a bear market. Macroeconomic headwinds continue to build, including rampant inflation, slowing economic growth and continued geopolitical turmoil. We now have further uncertainty surrounding the stock market following the most recent interest rate hike. As we enter a bear market, investors are searching for alternative investment paths for diversification. Growth names that were the darlings on Wall Street during the pandemic have not been immune to these challenges so far in the year. Even large-capitalization (cap) shares have come under pressure since January. Year-to-date (YTD), the S&P 500 index has so far dropped over 22.9% year-to-date (YTD), while the tech-heavy Nasdaq 100 has declined more than 30.7% during the same period. In the past century, we have had over 25 bear markets on the Street. Most have lasted an average of less than one year. While it may be tempting to sell stocks in the portfolio to minimize losses, panic selling in a bear market often leads to loss of potential profits and even investment capital.
These are seven of the best stocks to buy that can see substantial returns in the months ahead. Despite the ongoing worries on Wall Street, seasoned investors realize that there may be a bull market in some segments of the market even during these gloomy weeks. Fears of sticky inflation and recession led to many investors reevaluating their investments or pulling their money out of the stock markets altogether. As a result, the S&P 500 index has dropped 23% year to date, while the tech-heavy NASDAQ 100 has lost close to a third of its value. However, for investors who research further, there is always a chance to find the best stocks to buy in a hidden bull market. Including several of those shares could help boost the performance of investment portfolios despite the overall market chaos. Even in 2022, with interest rates hitting a 14-year high in the U.S. and stocks getting hammered, we are experiencing localized bull markets in the energy and utility sectors. For instance, the energy sector, overall, has returned around 18% since January.
Is inflation rising? The answer depends upon how you look at the most recent Consumer Price Index data that was released on Sept. 13. Year-over-year, headline inflation reached 8.3% in August. That was better than the 8.5% YOY jump in July. That fact will placate very few. But investors can still make money by buying commodity stocks. Last month, YOY inflation, excluding food and energy, or “core” inflation, reached 6.3%, while core inflation rose by 0.6% versus July. The markets interpreted the core inflation data very negatively, as the report was widely viewed as increasing the likelihood that the Fed will continue to implement large interest rate hikes. In my view, additional rate increases will likely make a “soft landing” for the economy impossible. =Just as skyrocketing energy prices benefited oil and firms earlier in 2022, the makers of other commodities will also get a lift from continued, elevated inflation. Let’s look at seven of those names. LAC Lithium Americas Company $29 ALB Albemarle $294.60 SBSW Sibayne-Stillwater $8.81 BG Bunge $90.64 ARCH Arch Resources $128.35 RIO Rio Tinto $55.87 LNG Cheniere Energy $169.60 Lithium Americas Company (LAC) Source: Wirestock Creators / Shutterstock.com Lithium Americas Company (NYSE: LAC ) stock is benefitting from the burgeoning electric-vehicle industry.
There''s no denying we live in turbulent economic times - but some stocks are blooming amid warnings of recession: here are five such stocks that have good analyst coverage along with Buy ratings. Oil and gas company Shell (GB:SHEL), tobacco manufacturer British American Tobacco (GB:BATS), commodity trader Glencore (GB:GLEN), financial company London Stock Exchange Group (GB:LSEG), and metal and mining company Rio Tinto (GB:RIO) are five frequently-rated stocks which offer the promise of good returns. We used TipRanks’ Shares Screener tool to compare the stocks; let’s see what makes them favourites of top analysts.
There are two main reasons why moving averages are useful in forex trading: moving averages help traders define trend recognize changes in trend. Now well have a look on, SMA50 … The post Astonishing stocks: Fastenal Company (NASDAQ:FAST -1.44%), Rio Tinto Group (NYSE:RIO -1.51%) appeared first on Stocks Equity .
Major Asia-Pacific indicators showed mixed trading. Some of them slightly increased. The Australian S&P/ASX 200 index gained 0.27%, the Hang Seng Index increased by 0.25%, the Japanese Nikkei 225 index jumped by 0.19%. Other indicators declined. The Korean KOSPI lost 0.2%, while the Chinese Shanghai Composite and Shenzhen Composite decreased by 1.01% and 2.15% respectively. The Asian indicators showed such results due to several reasons. Thus, the Japanese indicator was boosted by the release of fresh statistical data that the country saw a 49.9% year-on-year increase in the volume of imports in August. In addition, growth of exports by 22.1% relative to the same period of 2021 was noted. This indicator has been increasing for a year and a half. Thus, Japan''s trade deficit was at an all-time high of 2.817 trillion yen. Among the components of the Nikkei 225, shares of Shiseido gained 2.1%, East Japan Railway soared by 2%, Suzuki Motor jumped by 1.8%, and Nintendo and Nissan Motor added 1.7% each.
Australian shares rose on Friday as higher commodity prices lifted the resources sector, although there was caution among some investors on worries about slowing global economic growth. The S&P/ASX 200 index gained about 0.4% to 6,876.5 points by 0100 GMT. The benchmark ended 1.8% higher on Thursday. Investors have been concerned that aggressive rate hikes by the Federal Reserve, to tame surging inflation, could tip the US and other major economies into a recession. Fed Chair Jerome Powell said late on Thursday that the central bank will remain committed in bringing down inflation without the “very high social costs” involved previously. Looking ahead, market participants await the US consumer price data next week for further cues on the Fed’s rate hike path. Back in Australia, the mining sub-index led the gains, rising as much as 2.1%, as iron ore prices rebounded in China. Sector majors Rio Tinto, BHP Group and Fortescue Metals added between 1% and 3.4%. Gold stocks jumped about 1.5%, with index heavyweights Northern Star Resources and Newcrest Mining climbing 1% and 0.6%, respectively.
(Kitco News) - McEwen Copper, a subsidiary of McEwen Mining (NYSE, TSX: MUX) announced today that it has entered into a binding term sheet with Kennecott Exploration Company (KEX), a subsidiary of Rio Tinto, for an option to earn a 60% interest in and joint venture the Elder Creek property in Nevada by spending US$18 million.
McEwen Mining (MUX) said Tuesday it signed a binding term sheet for an option to become a majority joint venture partner with Rio Tinto''s (RIO) Kennecott Exploration subsidiary in the…
TORONTO, Sept. 06, 2022 (GLOBE NEWSWIRE) -- McEwen Copper Inc. , a subsidiary of McEwen Mining Inc. (NYSE: MUX) (TSX: MUX ), is pleased to announce that it has entered into a binding term sheet with Kennecott Exploration Company (“ KEX ”), a subsidiary of Rio Tinto , for an option to earn a 60% interest in and joint venture the Elder Creek property in Nevada (see Figure 1 ) by spending US$18 million .
Rio Tinto plc (LON:RIO) has entered into a binding agreement to acquire all of the remaining shares of Turquoise Hill Resources Ltd (NYSE: TRQ) that Rio Tinto does not currently own. The Independent Directors of Turquoise Hill have unanimously recommended that Turquoise Hill minority shareholders vote in favour of the Transaction and, together with senior officers of Turquoise Hill, have entered into voting support agreements with respect to all of the Turquoise Hill shares they own or control. The Transaction delivers significant value to Turquoise Hill minority shareholders with the certainty of an all-cash offer of C$43 per share, which is Rio Tinto''s best and final offer. This represents a premium of 67% to Turquoise Hill''s closing price of C$25.68 per share on 11 March 2022, the day prior to Rio Tinto''s initial public proposal to acquire Turquoise Hill. Rio Tinto has agreed to provide Turquoise Hill with secured short-term liquidity during the Transaction period of up to US$1.1 billion (subject to certain pre-conditions), which would need to be repaid from an equity raising from shareholders in the first half of 2023 if the Transaction is not approved by shareholders.
Highlights: BHP’s share price was mostly driven by strong sectoral performance on ASX today (September 5). BHP’s share price closed 2.857% stronger by the end of Monday’s trading session on ASX. The S&P/ASX 200 Materials sector closed 1.944% higher today. Shares of metal and mining giant BHP Group Limited ( ASX:BHP ) closed 3.187% stronger at AU$37.91 per share on ASX today (5 September). Despite sharing any significant announcement today, BHP shares closed in the green zone after Monday’s trading session. Over the last 12 months, BHP ’s share price has declined by more than 10% on ASX. Furthermore, BHP’s YTD -based share price fell almost 11% by the end of today’s trading session on ASX. What''s the reason behind BHP’s good performance on ASX today? It is to be noted that BHP did not share any significant announcements on ASX today, yet its shares have performed well. It seems that sectoral performance might have driven BHP’s share price on ASX today. Today, the ASX 200 Materials sector was one of the best performing sectors on ASX.
Equity markets rebounded yesterday after major US indices tested important support and as we await today’s US August jobs report. Given the focus on a fresh rise in treasury yields, strong payrolls and earnings data may prove negative for risk sentiment if US treasury yields threaten higher. In FX, the USD is poised for more gains if yields run higher, having already broken to new multi-decade highs against the Japanese yen ahead of today’s report. What is our trading focus? Nasdaq 100 (USNAS100.I) and S&P 500 (US500.I) S&P 500 futures climbed back from the abyss yesterday after a much lower low ending the session higher, but already this morning negative sentiment is extending again. S&P 500 futures are trading around the 3,964 level this morning with the US jobs reports being the key data point with the market closely watching hourly earnings for clues to how strong the dynamics are in nominal wages. Hong Kong’s Hang Seng (HSIQ2) and China’s CSI300 (03188:xh k g) Hong Kong and mainland China stocks declined, Hang Seng Index -0.9%, CSI300 -0.4%.
McEwen Copper, a subsidiary of McEwen Mining (NYSE: MUX; TSX: MUX), has closed the third and final tranche of its previously announced private […] The post McEwen Copper completes US$81.85M financing, including US$25M investment by Rio Tinto appeared first on Canadian Mining Journal .
CF Industries Holdings Inc. (NYSE:CF) has a beta value of 1.06 and has seen 1.16 million shares traded in the recent trading session. The company, currently valued at $20.95B, closed the recent trade at $104.02 per share which meant it lost -$1.98 on the day or -1.87% during that session. The CF stock price is … Why Invest In CF Industries Holdings Inc. (CF) Stock? Read More »
Innovator IBD 50 ETF was down 0.6% as CF Industries triggered a sell signal.
At the close of the New York Stock Exchange, the Dow Jones fell 0.96% to a one-month low, the S&P 500 fell 1.10% and the NASDAQ Composite index shed 1.12%. The leading performer among the Dow Jones index components in today''s trading was American Express Company, which gained 0.12 points (0.08%) to close at 154.66. Quotes JPMorgan Chase & Co rose by 0.02 points (0.02%), ending trading at 114.41. Nike Inc lost 0.02 points (0.02%) to close at 107.86. The biggest losers were Dow Inc, which shed 1.49 points or 2.82% to end the session at 51.38. Caterpillar Inc was up 2.52% or 4.84 points to close at 186.94, while Chevron Corp was down 2.44% or 4.01 points to close at 160.62. . Leading gainers among the S&P 500 index components in today''s trading were EPAM Systems Inc, which rose 2.09% to 424.71, Gap Inc, which gained 2.00% to close at 9.67, and Paycom Soft, which rose 1.74% to end the session at 357.29. The biggest losers were CF Industries Holdings Inc, which shed 6.48% to close at 106.00.
CF Industries (CF), which ended last week at a record high, is seeing its sharpest pullback since June so far this week after insiders trimmed their holdings in the fertilizer producer
CF Industries Holdings with ticker code (CF) have now 20 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 132 and 78 with a mean TP of 111.55. With the stocks previous close at 118.35 this would indicate that there is a downside of -5.7%. There is a 50 day moving average of 94.1 and the 200 moving average now moves to 86.14. The company has a market cap of $22,584m. Visit the company website at: https://www.cfindustries.com [stock_market_widget type="chart" template="basic" color="green" assets="CF" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $21,287m based on the market concensus. CF Industries Holdings manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.
CF Industries Holdings Inc. (NYSE:CF) traded at $114.90 at last check on Monday, August 29, made a downward move of -2.92% on its previous day’s price. Looking at the stock we see that its previous close was $118.35 and the beta (5Y monthly) reads 1.06 with the day’s price range being $116.6106 – $119.5983. The … CF Industries Holdings Inc. (NYSE: CF) Is Up 67.21% Year-To-Date, But Analysts Find Room For A Price Rally Read More »
The post S&P 500: 10 Stocks (Not In The Energy Sector) Are Up 30% Or More This Year appeared on BitcoinEthereumNews.com . It’s been all about energy stocks in the S&P 500 this year. But not entirely. X Ten non-energy S&P 500 stocks, including materials firm CF Industries (CF), information technology Enphase…
CF Industries (CF) was one of the few gainers in Friday''s stock market dumpster fire, closing +0.8% and reaching another new intraday record $119.60, with U.S
With fertilizer prices expected to remain elevated for the foreseeable future, CF and other fertilizer stocks will continue rising on strong earnings.
Soaring gas prices in Europe have sent fertilizer prices higher in 2022.
“If CF Industries follows through on its threat to close Billingham, the British meat industry will have serious concerns” – BMPA The post UK meat processors’ “serious concerns” over fresh CO2 shortage appeared first on Just Food .
Fertilizer producer CF Industries Holdings Inc. will halt ammonia production at its remaining UK plant in response to soaring natural gas prices, in a move that could reduce carbon dioxide supply crucial to the food industry and add more upward pressure on prices.
CF Industries Holdings Inc. will temporarily halt ammonia production at its remaining UK plant in a move that could impact crucial carbon dioxide supply to the food industry.
CF Fertilisers UK, a subsidiary of CF Industries Holdings, Inc. (NYSE: CF), today announced its intention to temporarily halt ammonia production at the Billingham Complex due to market conditions. CF Fertilisers UK intends to use the site’s capability to import ammonia to enable it to continue to run its ammonium nitrate (AN) and nitric acid upgrade plants. The Company expects to fulfil all ammonia
According to Benzinga Pro, during Q2, CF Industries Holdings (NYSE: CF ) earned $1.34 billion, a 27.4% increase from the preceding quarter. CF Industries Holdings also posted a total of $3.39 billion in sales, a 18.17% increase since Q1. CF Industries Holdings earned $1.05 billion, and sales totaled $2.87 billion in Q1. What Is ROCE? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company''s ROCE. A higher ROCE is generally representative of successful growth of … Full story available on Benzinga.com
CF Industries Holdings found using ticker (CF) have now 20 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 132 and 78 calculating the average target price we see 110.55. Given that the stocks previous close was at 103.5 this indicates there is a potential upside of 6.8%. The day 50 moving average is 91.69 while the 200 day moving average is 84.82. The company has a market cap of $21,050m. Find out more information at: https://www.cfindustries.com [stock_market_widget type="chart" template="basic" color="green" assets="CF" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $22,484m based on the market concensus. CF Industries Holdings manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products.
At the close in the New York Stock Exchange, the Dow Jones fell 1.91%, the S&P 500 fell 2.14%, and the NASDAQ Composite fell 2.55%. Procter & Gamble Company was the leading gainer among the components of the Dow Jones in today''s trading, shedding 0.40 points (0.27%) to close at 149.33. Quotes Johnson & Johnson fell by 0.59 points (0.35%), ending trading at 167.59. Chevron Corp lost 0.79 points or 0.50% to close at 156.90. The losers were shares of Intel Corporation, which lost 1.54 points or 4.35% to end the session at 33.84. Salesforce.com Inc. shares rose 3.69% or 6.79 points to close at 176.98, while Walt Disney Company shed 3.50% or 4.20 points to close at 115.94. Leading gainers among the S&P 500 index components in today''s trading were The Mosaic Company, which rose 3.44% to hit 55.36, Albemarle Corp, which gained 2.12% to close at 275.75, and shares of CF Industries Holdings Inc, which rose 2.07% to close the session at 105.64. The biggest losers were Warner Bros Discovery Inc, which shed 7.43% to close at 12.71.
Thursday’s top analyst upgrades and downgrades included Allbirds, Altice USA, Array Technologies, Blue Apron, CF Industries, Coinbase Global, Emerson Electric, Equitrans Midstream, Frontier Group, Micron Technology, Shopify, Take-Two Interactive Software, Trade Desk, Unity Software and Walt Disney.
CF Industries (CF) wobbles between small gains and losses Wednesday as Barclays upgraded shares to Overweight from Equal Weight with a $120 price target, up from $103, at Barclays, as…
We have two price targets….CF
CF Industries Holdings, Inc. (NYSE: CF) today announced that the company will present at the Jefferies Industrials Conference at 9:30 am ET on Wednesday, August 10, 2022. Investors who wish to access the live conference webcasts should visit the Investor Relations section of the company’s website at www.cfindustries.com. A replay of the webcast will be available on the CF Industries Holdings,
https://www.investing.com/news/pro/scotiabank-upgrades-cf-industries-to-sector-outperform-432SI-2862331
Wednesday''s additional top analyst upgrades and downgrades included CF Industries, Cognex, Incyte, PayPal, XPeng and Xylem.
CF Industries Holdings Inc and Mosaic Co said on Tuesday they expect tight supply for fertilizers to persist as war in Ukraine, considered the “breadbasket of the Black Sea,” has disrupted crop supplies and aggravated soaring food prices. Mosaic noted that global crop yields are tight due to the Ukraine war, high temperatures in Europe […]
CF Industries Holdings, Inc. (NYSE:NYSE:CF) Q2 2022 Earnings Conference Call August 02, 2022 10:00 AM ET Company Participants Martin Jarosick - Investor Relations Tony Will - President…
The following slide deck was published by CF Industries Holdings, Inc.
WASHINGTON (dpa-AFX) - CF Industries Holdings Inc. (CF) reported earnings for its second quarter that increased from last year but missed the Street estimates.The company''s bottom line totaled $1….
CF Industries Earnings, Revenue Miss in Q2
CF Industries press release (CF): Q2 GAAP EPS of $5.58 misses by $0.36.Revenue of $3.39B (+113.2% Y/Y) misses by $110M.Adjusted EBITDA of $1.95B Trailing twelve months net cash…