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 .
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NEW YORK , Sept. 28, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for RIO, LOW, WMT, ILMN, and XOM. … Full story available on Benzinga.com
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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.
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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.
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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.
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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.
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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 .
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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.
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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.
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(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.
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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…
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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 .
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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.
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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.
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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%.
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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 .
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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.
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Caterpillar (CAT), BHP Group (BHP) and Finning International (FTT:CA) reached a deal to replace BHP’s haul truck fleet at the Escondida copper mine in Chile, the companies announced
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VANCOUVER, British Columbia, Aug. 30, 2022 (GLOBE NEWSWIRE) -- BHP Group Limited (NYSE: BHP) (BHP), Caterpillar Inc. (NYSE: CAT) (Caterpillar), and Finning International Inc. (TSX: FTT) (Finning) announced today an agreement to replace BHP’s entire haul truck fleet at the Escondida mine, the world''s largest copper producer, located in the Antofagasta Region, northern Chile.
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Caterpillar (NYSE: CAT ) has outperformed the market over the past 20 years by 3.66% on an annualized basis producing an average annual return of 11.39%. Currently, Caterpillar has a market capitalization of $98.55 billion. Buying $100 In CAT: If an … Full story available on Benzinga.com
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A variety of industrial sector stocks declined in morning trading as stock indexes fell after opening higher on Tuesday. Dow, John Deere and Caterpillar were among the companies that fell.
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I will go over Caterpillar''s most recent quarter report in order to assess how it is performing in tough economic conditions. Find out more here.
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A 3-5 month prospect from here of NVMI share prices could reasonably range from a $185 low to a $121 high from its present price of $110, a gaining +9.9%.
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Today’s article introduces three stocks whose price targets have recently been cut by analysts on Wall Street. So far this year, the stocks market has tumbled on the back of rampant inflation and investors’ shaken confidence. Indeed, the S&P 500 Index posted its worst return for the first half of a year since 1970, triggering many stock price target cuts. Companies’ earnings have also not grown much this year. Meanwhile, the Fed continues to signal that it will raise interest rates, although at a slower pace than earlier in the year. And with the second-quarter earnings season now mostly behind us, investors are focusing on analysts’ forecasts. That makes sense because paying attention to stock price target cuts can help investors evaluate the potential risk/reward profile of equities. That said, here are three popular stocks whose price targets have been cut by Wall Street analysts. While these companies might have lost some of their competitive momentum, many are still attractive for long-term investors at today’s prices.
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At the close of the New York Stock Exchange, the Dow Jones fell 0.47%, the S&P 500 fell 0.22%, and the NASDAQ Composite fell 0.03%. Chevron Corp was the top gainer among the components of the Dow Jones index today, up 5.09 points or 3.24% to close at 161.99. Quotes of Caterpillar Inc rose by 5.45 points (2.84%), closing the session at 197.21. Dow Inc rose 1.21 points or 2.22% to close at 55.62. The biggest losers were Procter & Gamble Company, which shed 2.88 points or 1.93% to end the session at 146.45. Home Depot Inc climbed 1.70% or 5.31 points to close at 306.90 while UnitedHealth Group Incorporated shed 1.61% or 8.77 points to close at 535 .80. Leading gainers among the S&P 500 index components in today''s trading were Halliburton Company, which rose 6.95% to hit 31.22, Occidental Petroleum Corporation, which gained 6.90% to close at 73.79, and shares of Schlumberger NV, which rose 6.61% to close the session at 39.36. The biggest losers were shares of Twitter Inc, which shed 7.32% to close at 39.86.
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Small caps led a mixed performance for the stock market in Tuesday afternoon trading. Chevron (CVX) and Caterpillar (CAT) outperformed in the Dow Jones Industrial Average. A strong earnings report from Palo Alto Networks (PANW) lifted several security software names in the Nasdaq 100, including Zscaler (ZS) and CrowdStrike (CRWD), but both stocks are still in pronounced downtrends. Palo Alto…
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Caterpillar found using ticker (CAT) have now 25 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 278 and 142 calculating the mean target price we have 214.28. Given that the stocks previous close was at 197.35 this would imply there is a potential upside of 8.6%. The day 50 moving average is 187.5 and the 200 day moving average is 204.23. The company has a market cap of $103,259m. You can visit the company''s website by visiting: https://www.caterpillar.com [stock_market_widget type="chart" template="basic" color="green" assets="CAT" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $112,117m based on the market concensus. Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, motorgraders, pipelayers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles; mini, small, medium, and large excavators; compact, small, and medium wheel loaders; track-type tractors and loaders; and wheel excavators.
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The machinery company faces near-term risk, but there''s clear evidence of progress on its long-term objectives.
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CAT has grown over 10% in the past month
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Caterpillar (NYSE: CAT ) has outperformed the market over the past 20 years by 3.63% on an annualized basis producing an average annual return of 11.49%. Currently, Caterpillar has a market capitalization of $104.28 billion. Buying $100 In CAT: If an investor … Full story available on Benzinga.com
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A few months ago, I was considering selling Caterpillar (CAT) stock in the future (at much higher prices). Check out why that plan is off the table now.
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Caterpillar with ticker code (CAT) now have 25 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 278 and 142 and has a mean target at 214.64. Now with the previous closing price of 194 this would imply there is a potential upside of 10.6%. There is a 50 day moving average of 190.32 and the 200 day MA is 204.4. The market cap for the company is $103,914m. Find out more information at: https://www.caterpillar.com [stock_market_widget type="chart" template="basic" color="green" assets="CAT" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $114,969m based on the market concensus. Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, motorgraders, pipelayers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles; mini, small, medium, and large excavators; compact, small, and medium wheel loaders; track-type tractors and loaders; and wheel excavators.
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Major US indices close higher for the 4th consecutive week Key economic releases and events next week WTI crude oil futures settle at $92.09 US, Indo Pacific coordinator: Chinese Pelosi visit as pretext to launch pressure campaign Baker Hughes weekly oil rig count +3 to 601 Wall Street Journal: Chinese President Xi to meet with US Pres. Biden German DAX leads the way in the European stock market despite Rhine river concerns A German container operator said they are to all operations to the upper Rhine Fed Barkin. Would like to see a period of sustained inflation under control U. of Michigan consumer sentiment prelim survey for August rises to 55.1 vs. 52.5 estimate Rhine River in Germany falls to critical 40cm mark at a key German waypoint. EURUSD falls. US import prices for July fell by -1.4% vs. -1.0% estimate The USD is the strongest and the GBP is the weakest as the NA session begins ForexLive European FX news wrap: Dollar firms on more pensive mood in market The USD moved higher in trading today as focus shifted from the lower inflation seen this week in the US to the troubles in other nations.
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