Is It Wise to Invest in Both QQQ and VOO?
The enthusiasm surrounding Invesco QQQ Trust QQQ, the exchange-traded fund built around a hand-picked group of the 100 largest nonfinancial stocks listed on the Nasdaq exchange, is easy to understand. Thanks to its hefty exposure to the technology and technology-related stocks that have dominated the market, the fund has racked up chart-topping returns over the […]
Global Exploration Budgets Decline as Junior Firms Tighten Their Belts: S&P
Mining exploration. CREDIT: Adobe Stock. Global nonferrous exploration spending declined for the second straight year due to financing challenges for junior miners, S&P Global said. Global spending dropped 3% to $12.5 billion, S&P’s Corporate Exploration Strategies 2024 report, released Friday, shows. The decline raises concerns over the industry’s capacity to discover new deposits when demand […]
Ivanhoe Reports $193M Profit, But Flooding and Rapid Growth Cast Doubts on Future Outlook
Construction of Africa’s largest and greenest smelter project at Kamoa-Kakula is now complete. Credit: Ivanhoe Mines Ivanhoe Mines’ (TSX: IVN) update on 2024 shows solid performance booking a $193 million profit, but an analyst says it’s marred by operational setbacks and an overly ambitious growth plan. The company’s flagship Kamoa-Kakula copper complex in the Democratic […]
As Earnings Approaches, Is Nvidia Stock a Buy or a Sell?
Nvidia NVDA is set to release its fourth-quarter earnings report on Feb. 26. Here’s Morningstar’s take on what to look for in Nvidia’s earnings and stock. Earnings Release Date Wednesday, Feb. 26, after the close of trading What to Watch for in Nvidia’s Q4 Earnings All eyes remain on the data center business: Nvidia has […]
GDX’s 12-Year Surge: A Breakthrough Analysis – MINING.COM
Stock image. The major gold stocks are on the verge of a momentous technical event, a dozen-year secular breakout. With their leading index just single-digit percentages away, that could happen any day now. Gold stocks surging to decade-plus highs should generate much bullish financial-media coverage and trader interest. That will attract more capital inflows into […]
Manulife Earnings: Stock Jumps 7% Following…
Key Morningstar Metrics for Manulife Financial What We Thought of Manulife Financial’s Earnings Manulife Financial MFC posted impressive numbers, surprising on the upside in both profitability and growth. They reported core earnings of C$1.90 billion, or C$1.03 per share, in the fourth quarter, up 9% compared with the previous year. Adjusted return on equity was […]
German Stocks Rise Sharply Ahead of Federal Election
The German equity market has been hitting one record after the other as the nation approaches its federal election on Feb. 23, fueled by a combination of political anticipation, strong corporate earnings, and the hope for peace talks in the Russia-Ukraine conflict. The market’s composition, with its heavy weighting toward industrial and tech firms, has […]
As Yields Decline, Where Should ETF Investors Focus for…
After several years of high interest rates, Canadian investors are facing less lucrative yields and having to take on more risk to generate more income. Where is that secure money going, and where can it go? Yields above 5%, infinitesimal risk, and money mobility encouraged investors to move funds into short-term fixed-income products like high-interest […]
Loblaw Earnings: Strategic Investments Drive Performance…
Key Morningstar Metrics for Loblaw Companies What We Thought of Loblaw Companies’ Earnings Loblaw Companies’ L fiscal fourth-quarter results were mixed, as sales of USD 14.9 billion lagged our USD 15.3 billion assumption, but USD 2.20 in adjusted earnings per share exceeded our USD 2.13 forecast. Factoring in these results, along with guidance that corroborates […]
Abaxx Exchange in Singapore to Introduce Gold Futures Amid Rising Metal Prices
Stock image. Singapore’s Abaxx Exchange plans to introduce gold futures in the coming months, with prices setting fresh records this year as traders grapple with disruptions in key bullion hubs and increased haven demand. The contracts — which will be physically deliverable in the Southeast Asian city-state — will seek to connect futures and physical […]