Stocks in Play: Capitan Silver Corp.
Baystreet
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31m ago
Friday, April 19, 2024 10:01 AM EST - Capitan Silver Corp. : Has closed its private placement of common shares. The Private Placement was over-subscribed with the Company issuing 13,466,667 Shares at a price of $0.15 per Share for gross proceeds of $2,020,000.00. Capitan Silver Corp. (V.CAPT) shares were down $0.01 at 0.185. Stocks in Play: Capitan Silver Corp. , Fri, 19 Apr 2024 10:12:06 EST ..read more
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Vail Slides on Ski Metrics for ‘24
Baystreet
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31m ago
Vail Resorts, Inc. (NYSE: MTN) noticed its shares went down the mountain Friday, on reporting certain ski season metrics for the comparative periods from the beginning of the ski season through April 14, 2024, and for the prior year period through April 16, 2023. The reported ski season metrics are for the Company's North American destination mountain resorts and regional ski areas, excluding the results of the Australian ski areas and Andermatt-Sedrun in both periods. The data mentioned in this release is interim period data and is subject to fiscal quarter end review and adjustments. Season ..read more
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American Water Positive on VETS 5 Star Designation
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31m ago
American Water (NYSE: AWK) saw its shares jump Friday, as the largest regulated water and wastewater utility company announced today it has earned the 2024 VETS Indexes 5 Star Employer designation provided by the VETS Indexes Employer Awards. The award recognizes American Water’s commitment to recruiting, hiring, retaining, developing, and supporting veterans and the military-connected community. “It is an honor for American Water to be acknowledged by VETS Indexes for our continued dedication to our veteran workforce,” said Melanie Kennedy, American Water Executive Vice President and Chief Hu ..read more
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Lakeland Gains on Q1 Results
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31m ago
Lakeland Bancorp, Inc. (NASDAQ: LBAI) the parent company of Lakeland Bank reported net income of $19.8 million and earnings per diluted share of $0.30 for the three months ended March 31, 2024 compared to net income of $19.8 million and diluted EPS of $0.30 for the three months ended March 31, 2023. For the first quarter of 2024, annualized return on average assets was 0.73%, annualized return on average common equity was 6.79% and annualized return on average tangible common equity (non-GAAP) was 8.91%. CEO Thomas Shara commented on the quarterly financial results, "Despite the uncertain econ ..read more
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ContextLogic Flat on Completing Sale to Qoo
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31m ago
ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH) announced its stockholders have approved the Asset Sale transaction with Qoo10 Pte. Ltd. at yesterday’s Special Meeting of Stockholders. The transaction is expected to close later today. Rishi Bajaj, who will become Chief Executive Officer and Chairman of the Board at the closing of the Asset Sale, stated: “On behalf of the Board of Directors, we would like to thank our stockholders for their support of the Asset Sale. Having achieved this important milestone, we look forward to closing the transaction later today and using the proceeds and our oth ..read more
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Procter & Gamble Misses Quarterly Sales Estimates
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31m ago
Procter & Gamble’s stock is down 1% after the consumer goods company reported mixed first quarter financial results that showed its sales missed Wall Street expectations. The company, whose products include Tide laundry detergent and Gillette razor blades, reported earnings per share (EPS) of $1.52 U.S. versus $1.41 U.S. that was estimated by analysts. Revenue in Q1 came in at $20.2 billion U.S., which was below forecasts of $20.41 billion U.S. Overall sales were up 1% from a year earlier. In recent earnings reports, Procter & Gamble has said that it is struggling with price increases ..read more
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Department Store Chain Nordstrom Considers Going Private
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31m ago
The family behind U.S. department store chain Nordstrom (JWN) is considering taking the company private. According to multiple media reports, the Nordstrom family has formed a special committee to evaluate bids aimed at taking the company private. The move comes as the 123-year-old department store chain struggles with a decline in sales as shopping increasingly moves online and to outlet malls. Last summer, Nordstrom closed all its locations in Canada after less than a decade in the country, shutting down more than a dozen outlets following liquidation sales. The special committee is comprise ..read more
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Today's Most Popular Trades: Palantir, Tesla, Zillow, and More
Baystreet
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31m ago
Traders are anxiously watching Palantir (PLTR) today. When the firm posts results next month, investors expect the firm to post strong sales from governmental customers. The software firm sells solutions related to counter-terrorism efforts, along with analyzing large data sets for big companies. After trading below its 52-week low, bargain hunters will trade Tesla (TSLA) today. TSLA stock closed at $149.93. At a P/E of 34.8 times, the stock may have more downside. Ford (F) trades at an 11.17x P/E, while Stellantis (STLA) is inexpensive at a 4.08x P/E. Ahead of its quarterly report, Tesla fire ..read more
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Israeli Air Strike on Iran Weighs on Stocks
Baystreet
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2h ago
Stock futures fell early Friday as the conflict between Israel and Iran was reignited. Traders also assessed the latest batch of earnings reports, including numbers from Netflix. Futures for the Dow Jones Industrials dropped 65 points, or 0.2%, to 37,942. Futures for the S&P 500 sank 11 points, or 0.2%, to 5,038. Futures for the NASDAQ Composite faltered 65.75 points, or 0.4%, to 17,484. The S&P 500 is heading for its worst week in almost six months. The S&P 500 has fallen for five sessions in a row, bringing its week-to-date losses to 2.2%. It would be the large-cap benchmark ..read more
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TSX Futures Fall over Middle East Events
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2h ago
Futures for Canada's main stock index tumbled on Friday as investors looked to minimize risk following reports of an escalation in the Middle East conflict, while rising commodity prices contained the decline. The TSX Composite gained 52.39 points to close Thursday at 21,706.87. June futures folded 0.2% Friday. The Canadian dollar inched higher 0.02 cents to 72.64 cents U.S. The TSX snapped its recent losing streak on Wednesday but is set for a weekly decline. In corporate news, Scotia resumed its coverage of construction supplies provider Adentra with an “outperform" rating. ON BAYSTREET The ..read more
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