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Argus Initiates Coverage on AppLovin With Buy Rating, $520 Price Target

AppLovin (APP) has an average rating of Buy and mean price target of $652.68, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$APP

Mining & Metals55d ago

Chemtrade Exploring Alternatives After Rejection of Rezoning Application for North Vancouver Chlor-Alkali Facility

Chemtrade Logistics Income Fund (CHE-UN.TO) said Tuesday that it is exploring legal action and other alternatives after the District of North Vancouver Council rejected the company's rezoning application for the North Vancouver chlor-alkali facility.The company said the rezoning would have allowed safety upgrades and continued liquid chlorine production at the facility beyond 2030.Chemtrade said the closure of the facility, which produces over 40% of Canada's liquid chlorine supply, would have a significant impact on the country."Without chlorine production from our facility, Canada could become reliant on foreign trading partners to secure additional production of chlorine, a product critical to the health and safety of millions," President and Chief Executive Officer Scott Rook said.The company said it intends to engage with the council and other officials to proceed with the planned safety upgrades and secure long-term operations.

$CHE-UN.TO

Japan55d ago

S&P 500 Rebound, Optimism for US-Iran Deal Drive US Equity Futures Higher Pre-Bell

US equity futures were edging higher pre-bell Tuesday following a rebound in the S&P 500 as traders were optimistic that a deal could still be reached between US and Iran despite a breakdown in negotiations over the weekend.Dow Jones Industrial Average futures were flat, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.5% higher.The S&P 500 rose over 1% on Monday, erasing losses incurred since the beginning of the Middle East conflict.President Donald Trump said Monday that Iran had reached out to the US and wanted to "make a deal very badly."Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.2% at $99.14 per barrel and US West Texas Intermediate crude 1.4% lower at $97.72 per barrel.The March Producer Price Index, scheduled for release at 8:30 am ET, is expected to show a 1.1% increase following a 0.7% gain in the preceding month, according to estimates compiled by Bloomberg.

$^DJI$^IXIC$^SPX

Asia Markets55d ago

Emirati Equities Rebound as Hopes of New US-Iran Peace Talks Lift Sentiment

Shares in the United Arab Emirates were back in the green as prospects of peace talks resumption between the US and Iran lifted investor sentiment.At the close of Tuesday trading, the FTSE ADX General Index was up 0.556%, while the DFM General Index added 0.904%.Multiple media outlets reported that the US and Iran could return to Pakistan this week to hold a fresh round of talks after achieving no breakthrough in their previous negotiations. US President Donald Trump also said that Iran reached out to resume negotiations amid the US blockade of its ports."The fact that the two sides seem to be discussing the timeline, and apparently back-channel diplomacy has continued, we think a deal is possible but it will most likely require several rounds of talks, and meanwhile, the war could escalate," Danske Bank said in a note.Zooming in at home, the Central Bank of the UAE agreed to collaborate with Bangko Sentral ng Pilipinas to streamline cross-border payments, bolster bilateral trade, and establish infrastructure for finance and digital assets.On the corporate side, Aldar Properties (ADX:ALDAR) was the Abu Dhabi bourse's most traded stock by value and ended 3.70% in the green. The real estate developer launched the first phase of the Yas Park Place residential community in Yas Island.Elsewhere, Parkin Co. (DFM:PARKIN) partnered with Binghatti Holding to integrate its advanced parking capabilities into a portfolio of 1,200 parking spaces across Binghatti developments in the Jumeriah Village Circle, Al Jaddaf, and Business Bay areas. The parking spaces operator's stocks closed the session 3.00% higher.

$^DFMGI$^FADGI$ADX:ALDAR$DFM:PARKIN

Research55d ago

Eldorado Gold Price Target Lowered to US$40 at TD

TD Securities lowered its price target on Eldorado Gold Corp. (ELD.TO, EGO) to US$40 from US$45 on Tuesday.Analyst Steven Green maintained a Hold rating on shares of the Canadian gold and base metals producer."We have updated our model to reflect EGO's acquisition of Foran Mining Corp. (FOM.TO), which is nearing close," Green said in a note to clients."While the transaction moves the centre of gravity toward Canada, improving the geopolitical risk profile, we view the deal as relatively expensive at ~1.5x NAV and near-term dilutive," the analyst said."We expect execution overlap with Skouries and limited near-term FCF to weigh on sentiment."

$EGO$ELD.TO

Mining & Metals55d ago

OR Royalties Up 1% In US Premarket As Buys Precious Metals Stream on Canadian Copper's New Brunswick Assets

OR Royalties (OR.TO) was at last look up 1% in US premarket trade after the company said it is acquiring a precious metals stream on Canadian Copper's (CCI.CN) New Brunswick assets for US$28.0 million.A statement noted the assets comprise the Murray Brook properties and the Caribou property, and include the Caribou Processing Plant.OR Royalties will pay US$5.0 million cash upon closing, with US$23.0 million funded quarterly in line with project construction budgets, a statement said. A US$35.0 million concentrate prepayment facility has been provided by Ocean Partners UK, securing the full construction financing required to advance the project into commercial production.Concurrent with closing, OR Royalties will subscribe to US$4.0 million in Canadian Copper shares at C$0.75 apiece.Canadian Copper will deliver refined silver and gold equal to 20% of the payable silver and gold in concentrate or any other product for the life of mine to OR Royalties. This does not include payable gold from Murray Brook."Canadian Copper's Murray Brook Project checks all of our strategic boxes; the integration of Murray Brook and the Caribou Complex creates a premier brownfield polymetallic project with significant precious metals credits in a Tier-1 mining jurisdiction. Thanks to existing infrastructure and strong alignment with local stakeholders, the project benefits from a significantly accelerated development timeline. We are excited to partner with Canadian Copper as they advance toward a mine-and-mill restart, which is expected to deliver high-margin GEOs to OR Royalties before the end of the decade," said OR Royalties chief executive Jason Attew.OR Royalties shares closed down $0.12, to $54.44 on Monday on the Toronto Stock Exchange.

$CCI.CN$OR.TO

Mining & Metals55d ago

Enthusiast Gaming Q4 Net Loss Narrows

Enthusiast Gaming Holdings (EGLX.TO) on Tuesday reported a narrowed net loss in the fourth quarter of fiscal year 2025.For the three months ended Dec. 31, 2025, the company reported net loss of $6.0 million or net loss per basic and diluted share of $0.04, compared with $83.6 million or $0.54 loss per share, a year-ago, primarily due to the decrease in Q4 2025 goodwill and intangible asset impairment charges of $81.9 million.Revenue decreased to $8.9 million in the quarter compared with $10.6 million in Q4 2024, with the majority of the decline being attributable to a reduction in the number of low-margin third-party network websites represented by the company for web programmatic inventory as a result of its decision to focus on developing its owned and operated websites."We delivered record Adjusted EBITDA of $2.4 million in the quarter, the highest in company history by a wide margin, alongside an Adjusted EBITDA margin of approximately 27%," said Enthusiast Gaming Chief Executive Alex Macdonald. "Importantly, this level of profitability was achieved while directing a significant portion of our spend toward R&D and future growth, underscoring the quality of the earnings we delivered.""These results were also achieved despite a muted advertising backdrop and were accompanied by gains in working capital and cash," Macdonald added.The company also announced that Sara Slane tendered her resignation from its board of directors.Shares of the company closed up 16% to $0.035 on Monday on the Toronto Stock Exchange.

$EGLX.TO

US Markets55d ago

Stocks Rise Pre-Bell Amid Hopes of Renewed US-Iran Peace Talks; Big Bank Earnings, PPI Data on Deck

US equity futures were trending higher on Tuesday amid media reports that the US and Iran may revive their peace talks, while investors await the latest financial results of some of Wall Street's largest banks and data on wholesale prices.The S&P 500 rose 0.2%, the Dow Jones Industrial Average edged up 0.1% and the Nasdaq added 0.4% in premarket activity. The indexes finished the previous trading session higher, with the Nasdaq recording gains for the ninth consecutive day.The US and Iran are considering holding another round of negotiations before their current two-week ceasefire expires next week, Bloomberg News reported Tuesday, citing people familiar with the matter.President Donald Trump reportedly said Monday that "the right people" have reached out to Washington "and they want to work a deal." Delegations from the US and Iran were unable to reach a deal during negotiations in Pakistan over the weekend.In an interview with Fox News, Vice President JD Vance said it was up to Iran to make the next move on peace talks with the US, according to CNBC. "Whether we have further conversations, whether we ultimately get to a deal, I really think the ball is in the Iranian court, because we put a lot on the table," Vance reportedly said.The US navy on Monday started a blockade of Iranian ports in the crucial Strait of Hormuz.West Texas Intermediate crude oil declined 2.6% to $96.53 a barrel before the opening bell, while Brent decreased 1.2% to $91.88.The International Energy Agency said Tuesday it expects oil demand to fall by 80,000 barrels per day this year as the Middle East war "upends" its global outlook. "Demand destruction will spread as scarcity and higher prices persist," the IEA said.On Monday, the Organization of the Petroleum Exporting Countries lowered its second-quarter oil demand forecast due to the Middle East conflict, but maintained its full-year estimates amid expectations for a rebound in the second half.JPMorgan Chase (JPM), Wells Fargo (WFC) and Citigroup (C) are some of the banking giants scheduled to report their latest quarterly earnings before the bell, along with Johnson & Johnson (JNJ), BlackRock (BLK) and Albertsons (ACI).Goldman Sachs (GS) posted first-quarter results above market estimates on Monday, while Chief Executive David Solomon said a protracted Middle East conflict could pose upside risks to inflation. Bank of America (BAC) and Morgan Stanley (MS) post their results on Wednesday.Last month's producer price index, a measure of wholesale prices, is slated to be released at 8:30 am ET. Last week, government data showed that consumer inflation accelerated to its highest monthly reading in nearly four years in March as the Middle East conflict sent energy prices sharply higher.Treasury yields were down in premarket action, with the two-year rate retreating 1.9 basis points to 3.76% and the 10-year rate off 1.6 basis points to 4.28%.Federal Reserve Governor Michael Barr is set to speak at 12:45 pm, while Chicago Fed President Austan Goolsbee speaks earlier at 12:15 pm.Shares of Oracle (ORCL) added 4.2% pre-bell after closing the previous trading session up 13% as the company said it introduced artificial intelligence-focused updates to its utilities software suite. Avanos Medical (AVNS) surged 68% after the firm agreed to be acquired by American Industrial Partners affiliates in a deal worth $1.27 billion.Gold inclined 0.8% to $4,804 per troy ounce pre-bell, while bitcoin advanced 2% to $74,609.

$^DJI$^IXIC$^SPX$ACI$AVNS$BAC$BLK$C$GS$JNJ$JPM$MS$ORCL$WFC

Commodities55d ago

Gaubert Oil Signs Letter of Intent to Acquire Wholesale Division of Buffalo Services

Gaubert Oil said Monday it has signed a letter of intent to acquire the wholesale and transportation division of Buffalo Services.Both parties indicated that the deal aligns with their respective long-term strategic goals, though specific financial terms of the agreement were not immediately disclosed.The transaction remains subject to customary due diligence and final closing conditions, the company noted.The proposed transaction encompasses Buffalo's unbranded commercial fuels distribution business along with all related transportation operations, marking a significant consolidation of regional energy logistics.

Research55d ago

Research Alert: Wfc Q1 2026 Results: Earnings Miss On Weaker-than-expected Net Interest Income

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:WFC posted mixed Q1 2026 results with operating EPS of $1.56 vs. $1.28 the prior year, missing consensus by $0.04 due to weaker-than-expected 5% Y/Y net interest income growth and 20 bps margin contraction to 2.47%. Balance sheet activity was excellent with loan growth accelerating to 10% Y/Y reaching $996B and deposits rising 6% Y/Y to $1.415B, capitalizing on post-asset cap removal opportunities. We expect this loan growth momentum to continue through 2026, noting balances rose just 1% per quarter in 2025. Fee income grew healthy 8% Y/Y due to investment advisory fees (+11%) and modest investment banking growth (+3%). Credit quality remained stable with net charge-offs at 0.45% despite 22% Y/Y increase in provisions to $1.1B, primarily reflecting higher loan balances rather than deteriorating trends. Operational efficiency improved with the efficiency ratio reaching 67% vs 69% prior year, while capital deployment continued with $4.0B in share repurchases, though the CET1 ratio declined to 10.3% from 11.1%.

$WFC

Asia55d ago

China Southern Airlines Passenger Capacity Jumps 12% in March

China Southern Airlines (SHA:600029, HKG:1055) passenger capacity jumped 12% year over year to 32.9 billion available seat kilometers in March, according to a Tuesday filing with the Hong Kong bourse.Passenger count climbed 10% to 14.6 million in the month.Cargo capacity increased 3.8% to 1.62 billion available ton-kilometers, the airline said in its filing.Cargo and mail carried edged up 0.2% to 159,260 tons.

$HKG:1055$SHA:600029

Commodities55d ago

Equinor Divests Stake in Scatec for $170 Million, Keeps Solar Project Ties

Norwegian energy company, Equinor (EQNR) said on Tuesday that it has divested an 8.07% shareholding in Scatec, a renewable energy systems company, in a deal worth 1.6 billion Norwegian krone ($170 million), at 125 krone per share.According to the company's press release, Equinor will retain an 8.05% stake in the Oslo-based company following this transaction, and has also agreed to a 90-day lockup on its remaining shares, preventing any further sales during this period.Equinor first became a minority shareholder in Scatec in 2018, before steadily increasing its stake to 16.12%, across several purchases between 2019 and 2023. Its average entry price stands at 80 krone, including dividends.The company noted that it will continue to partner with Scatec on the Apodi and Mendubim solar projects in Brazil, which remain unaffected by the transaction.

$EQNR

Mining & Metals55d ago

Trican Well Service Downgraded to Sector Perform at RBC

Trican Well Service Ltd. (TCW.TO) was downgraded to Sector Perform from Outperform at RBC Capital Markets on Tuesday.Analyst Keith Mackey maintained a price target of $7.50 on shares of the Calgary-based oilfield services company."We continue to see Trican as a leading Canadian service provider, with strong offerings in pressure pumping and cementing," Mackey said in a note to clients. "That said, the fracturing market in Canada looks well supplied at present, which has contributed to pricing pressures.""Providers are also entering an equipment upgrade cycle to 100% natural gas equipment, lowering the amount of cash available for buybacks," the analyst said."These factors combine into a lower relative return proposition than other names under coverage."

$TCW.TO

International55d ago

Middle East Outlook Elevates European Bourses Midday

European bourses tracked moderately higher midday Tuesday on renewed hopes for a resumption in Tehran-Washington peace negotiations, and as relative calm prevailed in the Strait of Hormuz as US Navy ships patrolled the waters.Tech and property stocks led gains on continental trading floors, while oil shares lagged.Investors also eyed Wall Street futures in the green, and higher closes overnight on Asian exchanges, led by a 2.7% rise on Seoul's KOSPI index.The pan-continental Stoxx Europe 600 Index was up 0.6% mid-session.The Stoxx Europe 600 Technology Index was up 1.9%, and the Stoxx 600 Banks Index gained 0.6%.The Stoxx Europe 600 Oil and Gas Index was flat, while the Stoxx 600 Europe Food and Beverage Index inclined 0.7%.The REITE, a European REIT index, rose 1.2%.On the national market indexes, Germany's DAX was up 0.9%, and the FTSE 100 in London gained 0.1%. The CAC 40 in Paris was up 0.6%, and Spain's IBEX 35 lifted 0.6%.Yields on benchmark 10-year German bonds were lower, near 3.07%.Front-month North Sea Brent crude-oil futures were holding under $100 a barrel, near $99.30.The Euro Stoxx 50 volatility index was down 8.1% at 20.96, still modestly indicating above-average volatility for European stock markets in the next 30 days, a negative signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

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Mining & Metals55d ago

Integra Resources Up 1.1% In US Premarket As Provides Drill Highlights from Florida Canyon Mine in Nevada

Integra Resources (ITR.V) was at last look up 1.1% in US premarket trade after it reported Tuesday additional results from the growth drilling program at the company's primary operating asset, the Florida Canyon mine in Nevada.Results include 138 meters at 0.32 grams per tonne gold and 128 m at 0.36 g/t gold, "highlighting near-mine growth and mine life extension potential", Integra said."These latest drill results continue to reinforce our view that Florida Canyon hosts significant, scalable near-surface oxide gold mineralization with the potential to support long-term growth," President and Chief Executive Officer George Salamis said.Integra said during the 2025 growth drilling program 16,009 meters of reverse circulation, sonic and core drilling were completed. The recently announced 2026 drilling program consists of 42,500 m of reverse circulation and core drilling, with 33,500 m focused on resource development at the Florida Canyon mine and 9,000 m focused on testing new gold targets around the Florida Canyon and Standard Mine areas."We are seeing a clear trend of growing near-surface mineralization that has the potential to translate into a larger resource base and an extended mine life in our upcoming technical report expected to be completed in the third quarter of 2026," Salamis said.Shares in Integra were up 1% in Canada yesterday.

$ITR.V

US Markets55d ago

China's Balance of Trade Plunges in March Despite Import Surge

China's balance of trade saw a surplus of $51.13 billion in March, according to data from Customs released Tuesday.The figure was weaker compared with a $213.62 billion surplus in February and missed analsyts' estimates of $107.5 billion during the month, according to a report by Investing.com.In local currency terms, the balance of trade plunged 4.8% year over year, analysts from ING said in a note Tuesday.The plunge in local currency terms could also impact China's GDP data, due for release Thursday, ING said.Exports jumped 2.5% year over year to $321 billion during the month, Customs said. The growth rate missed a forecast of 8.3%, according to Investing.com. It is also slower compared with the 21.8% surge in the January-February period.Exports destined for the U.S. fell 14.6% year over year, but is expected to ease in the coming months, analysts from ING said."With the drag from the US expected to ease-assuming no new tariff shocks, which cannot be fully ruled out-external demand should remain an important driver of growth this year," ING said.Imports soared 27.8% year over year to $269.9 billion during the month, exceeding expectations, and up from a 19.8% rise seen in the January-February period, according to multiple media reports.The surge is attributable to higher technology product prices, which led to "stunning export growth" across the rest of Asia-Pacific, ING analysts said.Chinese semiconductor imports jumped 11% year on year year-to-date by volume and 45% year-to-date by value, according to the analysts.The figure has not taken into account the impact of the Iran war, as crude oil imports increased 8.9% year on year, year-to-date in volume terms but were down 4.7% year to date in value terms, ING said.Higher energy prices could accelerate imports further in the coming months, the bank said.The balance of trade for the quarter reached $264.3 billion.

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Treasury55d ago

BMO Says Will Keep An Eye on Canada's Wages After The Surprise Growth in March

The March Labour Force Survey (LFS) in Canada surprised with a meaningful pop in wage growth at 4.7% year over year, the highest pace since October 2024, said Bankof Montreal (BMO).In the roughly year and a half since then, the job market has loosened significantly, first due to past monetary tightening, then economic headwinds from the trade war with the United States -- all amid major swings in immigration policy, noted the bank.Against that backdrop, a 0.7 percentage point acceleration in wage growth in a single month sticks out indeed, stated BMO.Statistics Canada explained this as a statistical quirk that arose from changing compositions of occupations and job tenures. In other words: wages accelerated because more people moved to higher-paying jobs or stayed long enough to be paid more. When factoring for those factors reveals a 3.6% yearly growth rate, little changed over the last four months.According to the bank, this jibes with some macro trends: recent netoutward migration disproportionately affects workers -- in other words temporary foreign workers and students -- in lower-paying jobs.Together with underlying aging, that could also skew the pool of employees towards those who have been in their jobs for longer, pointed out BMO.Still, it's a surprise to see this shift occur suddenly last month, added the bank. BMO said it will watch to see if it persists. For now, it looks like underlying wage growth is more subdued than the reported rate suggests.

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International55d ago

Persian Gulf Outlook Undergirds Wall Street Pre-Bell; Asia, Europe Up

Wall Street futures pointed moderately higher pre-bell Tuesday after President Donald Trump indicated Tehran-Washington peace talks might resume and as US Navy vessels patrolled the Strait of Hormuz without incident.In the futures, the S&P 500 gained 0.1%, the Nasdaq edged 0.3% higher and the Dow Jones was steady.Prices for West Texas Intermediate crude oil declined further under $100 a barrel, to $97.48, in morning hours.Traders also await the producer price index bulletin for March from Washington at 8:30 am ET, considered one precursor to inflation in the broader economy.On the earnings front, JPMorgan Chase (JPM) shares were down 2.4% pre-bell even after the company reported higher Q1 earnings and revenue.Johnson & Johnson (JNJ) stock was marginally lower pre-bell after the company posted lower Q1 adjusted earnings.Wells Fargo (WFC) shares were down 2.8% pre-bell after the company reported higher Q1 earnings but revenue for the quarter trailed analyst estimates.Asian exchanges traded solidly higher overnight, led by a 2.7% rise on Seoul's KOSPI index. European bourses tracked moderately north midday on the continent.In economic news, the National Federation of Independent Business's monthly Small Business Optimism Index fell to a reading of 95.8 in March from 98.8 in February and 97.4 in March 2025, hitting its lowest point since April 2025.Federal Reserve Chicago President Austan Goolsbee and Governor Michael Barr are slated to speak on Tuesday.In premarket activity, Bitcoin traded at $74,607, and 10-year US Treasuries offered 4.29%. Spot gold commanded $4,776 an ounce.

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Research55d ago

Barclays Downgrades Revvity to Equalweight From Overweight, Adjusts Price Target to $95 From $118

Revvity (RVTY) has an average rating of overweight and mean price target of $113, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$RVTY

Asia55d ago

Pateo Connect Receives Letter of Intent for $1 Billion Support for Mergers, Acquisitions

Pateo Connect Technology (Shanghai) (HKG:2889) said Ping An Capital issued a letter of intent for strategic mergers and acquisitions, according to a Tuesday Hong Kong bourse filing.Ping An Capital is indicating its preliminary intent to provide the firm with up to $1 billion in financial support for mergers and acquisitions, amalgamation, and project consultancy over the next five years.

$HKG:2889

Showing 35481-35500 of 37370

US Markets55d ago

Stocks Rise Pre-Bell Amid Hopes of Renewed US-Iran Peace Talks; Big Bank Earnings, PPI Data on Deck

$^DJI$^IXIC$^SPX$ACI$AVNS$BAC$BLK$C$GS$JNJ$JPM$MS$ORCL$WFC