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Market Update: US Stocks Gain as Geopolitical Tensions Ease; Key Economic Data Ahead

US stocks closed Monday in the green! The S&P 500 and Nasdaq rose 0.3%, while the Dow added 274 points. Relief spread as Israeli airstrikes on Iran avoided key facilities. Key economic releases, including GDP growth and PCE inflation, are on the horizon as …

Team Kalkine | 29 October 2024

US Stocks Climb Amid Earnings Season; Global Commodities and China Rally

US stocks climbed on Friday, with the S&P 500 up 0.5%, the Dow adding 160 points, and the Nasdaq gaining 0.6%! Earnings season is in full swing, with over a third of S&P 500 companies reporting. Treasury yields pulled back as concerns about slower …

Team Kalkine | 28 October 2024

Topgolf (NYSE:MODG) Lowers 2024 Revenue, EBITDA Forecast following Q2 performance

Topgolf Callaway Brands Corp. (NYSE: MODG) has a market cap of USD 1.86 billion. Itis a golf and active lifestyle company. Its segments include Topgolf, Golf Equipment, and Active Lifestyle.

Team Kalkine | 26 October 2024

Market Roundup: Tesla's Surge Sparks Mixed Trading as Yields Retreat

US stocks closed mixed as markets reacted to earnings and a dip in bond yields. The S&P 500 rose 0.2%, snapping a three-day losing streak, while the Nasdaq climbed 0.8%. The Dow fell 120 points, impacted by declines in IBM, Honeywell, and Boeing. Also, …

Team Kalkine | 25 October 2024

Market Overview: Indices Retreat Amid Rising Yields and Geopolitical Tensions

All three major US indices closed sharply lower on Wednesday, with the S&P 500 down 0.9% and the Nasdaq falling 1.6%, as rising Treasury yields and rate cut concerns weighed on the market. The Dow Jones lost 4.9 points, marking its worst day in …

Team Kalkine | 24 October 2024

Gold Soars, Mortgage Applications Slide, and Earnings Season Heats Up!

Gold hits a new record, soaring past $2,750/oz! Amid geopolitical tensions and macro uncertainties, investors flock to safe havens. The US election tightens the race, while central banks’ easing adds fuel. Meanwhile, WTI crude dips to ~$70/bbl as US stockpiles rise. Natural gas hovers …

Team Kalkine | 23 October 2024

Kanzhun Ltd (NASDAQ:BZ) Eyes 19% annual growth in Q3 2024 Revenue to RMB 1.90-1.92Bn

Kanzhun Ltd (NASDAQ:BZ) is a China-based holding company that offers online recruitment services. It connects job seekers and businesses through its BOSS Zhipin app, enhancing user experience throughout the recruitment process.

Team Kalkine | 23 October 2024

US Stock Futures Dip Amid Economic Optimism and Mixed Earnings Reports

US stocks declined on Monday after their strongest weekly performance of the year, with the S&P 500 down 0.6%, Dow Jones dropping 0.9%, and Nasdaq 100 slipping 0.5%. Traders brace for a busy earnings week from major firms like Tesla, Boeing, and Coca-Cola.

Team Kalkine | 22 October 2024

Fortuna Mining (NYSE: FSM) shares jump nearly 60% in one year. Here’s why

Fortuna Mining Corp. (NYSE: FSM) is a Canadian precious metals company. It operates mines in Latin America and West Africa, producing gold, silver, lead, and zinc. It has a market cap of CAD 2.04bn.

Team Kalkine | 15 October 2024

Bath & Body Works’ (NYSE: BBWI) Updated FY24 Guidance: Net Revenue Expected to Decline 2-4%

Bath & Body Works, Inc. (NYSE: BBWI) is a leading American retailer founded in 1990, specializing in lotions, perfumes, and candles, known for innovative marketing, engaging stores, and a strong e-commerce presence. BBWI has a market cap of USD 6.48bn.

Team Kalkine | 12 October 2024
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