Midday Stock Highlights: Notable Moves from RIVN, ANF, CVS, and SAVE
Check out the companies making headlines in midday trading. Abercrombie & Fitch – Shares of the teen apparel retailer jumped nearly 8% after JPMorgan added it to its positive catalyst watch list. Analyst Matthew Boss raised the stock’s price target and third-quarter earnings estimate, saying its brands, which include Hollister, showed momentum during the recent […]
INTERNATIONAL BATTERY METALS LTD. ANNOUNCES TSXV LISTING AND CSE REMOVAL
International Battery Metals Ltd. (IBAT) is making significant strides in the lithium extraction industry with an upcoming shift in its trading status on Canadian stock exchanges. Effective October 7, 2024, IBAT’s common shares are set to begin trading on the TSX Venture Exchange (TSXV), following a voluntary delisting from the Canadian Securities Exchange (CSE) on […]
WTI Oil: Geopolitical Risk Premiums and China’s Stimulus Could Set a Medium-Term Support Level at $67.55-$65.70 per Barrel
The recent sell-off of 18% in WTI crude oil since August has stalled. An increase in hostilities in the Middle East and impending fiscal stimulus measures from China are likely to trigger a medium-term trend change in oil prices. Technical factors suggest a further potential rebound in WTI crude oil towards the next medium-term resistance […]
Favorable Trends Favor Leading Capital Performers
Capital Group Global Balanced Fund With the stock market rally broadening and an attractive outlook for bond yields, the backdrop appears solid for the C$1.8 billion Capital Group Global Balanced Fund. The top-performing fund targets a portfolio allocation of 60% stocks and 40% bonds. It has a solid weighting among technology stocks, but it’s […]
Lifezone Metals and JOGMEC Forge MOU for Kabanga Nickel Project
The project aims to establish a holistic mine-to-metal operation, with Lifezone planning to develop a refinery in Kahama that employs its innovative hydrometallurgical (Hydromet) technology. This proprietary technology is touted for its potential to significantly lower emissions compared to conventional smelting techniques, addressing the growing concern over environmental impacts in mining. The Kabanga project will […]
China’s Rapidly Expanding Copper Leader is Transforming Global Metal Supply Chains
After a three-decade exploration and acquisition blitz, Zijin Mining Group Co. digs up gold, copper and lithium across multiple continents. A state-run company on paper, it has more frequently behaved like a private firm, with relatively few employees and a flexible, risk-tolerant approach to investments that has put it on track to join BHP Group […]
Big AI Dominates as Startups Bow Out of Race to Develop Massive Language Models
Big AI thins out the competition as startups quit the race to build large language models Hello and welcome to Eye on AI! In this edition…Big tech increasingly squeezes startups out of the generative AI market; an AI-discovered cancer drug begins clinical trials; another OpenAI cofounder joins Anthropic; and spend on LLMs booms (though still only […]
Morgan Stanley Names This Oil and Gas Stock a New Top Pick, According to Investing.com
This oil and gas stock is a new Top Pick at Morgan Stanley By Investing.com Investing.com — Morgan Stanley named Baker Hughes as its top pick in the oilfield services and equipment (OFSE) sector, raising its price target for the stock by 7% to $45 in a note Thursday. The firm cited several key factors […]
Sinomine Speaks Out Against Challenging Conditions in Zimbabwe Amidst Lithium Price Decline
Lithium, a critical component for electric vehicle (EV) batteries, has seen a significant drop in prices from its 2022 highs. This decline has triggered a complex array of challenges for lithium producers, particularly in Zimbabwe, where both economic conditions and regulatory frameworks pose obstacles to the industry’s growth. As the global demand for lithium continues […]
7 Lithium Stocks to Consider Investing In: Q3 Update
Crisis has become an opportunity for beaten-down lithium stocks. For one, according to Exxon Mobil (NYSE:XOM), “the world urgently needs more lithium than it’s producing today.” Two, we’re just starting to see electric vehicle sales bounce back. In fact, according to Kelley Blue Book, about 330,460 EVs were sold in the U.S. just in the […]