Chinese search engine behemoth Baidu’s stock (NASDAQ: BIDU) is poised to report its Q1 2024 earnings on May 16. We expect Baidu’s revenues to come in at $4.34 billion for the quarter, marking a decline of about 1% compared to last year. We estimate that earnings are l
The wheat complex quickly faded from the early double digit gains as losses were reported across the three exchanges on Wednesday. Chicago contracts posted losses of 6 ¾ to 11 cents across the board. Kansas City futures were down 5 ½ to 8 ¼ cents on the day. MPLS spring...
Lean hogs settled the Wednesday session on a mixed note, as front months were down 5 to 82 cents, with the other 24 contracts steady to 27 cents higher. USDA’s National Average Base Hog negotiated price was down $2.10 on Wednesday afternoon at 88.73. The CME Lean Hog Index was...
Corn futures faded the early gains on Wednesday, with contracts closing anywhere from 2 1/4 to 5 cents lower. Weather through the weekend shows much of the WCB drier, with portions of the Southern ECB with expected precip nearing 1-1.5 inches. The WCB looks wetter getting into next week. EIA...
Soybeans slipped into the close, as contracts settled with losses of a penny to 4 ¾ cents after NOPA reported an ugly April crush number. Soymeal futures were down $1.60 to $2.70/ton at the close. Soy Oil was up 12 to 24 points as tighter NOPA stocks were reported. The...
Live cattle posted Wednesday strength of 7 to 40 cents across the board, following more boxed beef strength. Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,352 head listed on Wednesday morning, with bids of $181-181.25 and asks in the...
The cotton market posted strength across most contracts on Wednesday, with futures up 8 to 78 points across most contracts. The outside market factors were helpful, with crude oil up 79 cents and the US dollar index down 732 points. Export Sales data will be released on Thursday morning, with...
In light of Peabody Energy Corporation’s recent appearance on Barchart's death cross screener, investors may find cause for concern. Historically, similar occurrences have preceded notable downturns in the stock’s price, signaling a potential red flag for those considering an investment in Peabody Energy right now.
The S&P 500 Index ($SPX ) (SPY ) Wednesday closed up +1.17%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.88%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.49%. US stock indexes Wednesday rallied, with the S&P 500, Dow Jones Industrials, and the...
Wednesday, May 15th, 2024Most major stock market indices are at all-time highs as of Wednesday’s close. Today’s CPI report for April set the stock market alight from the moment of its release prior to the opening bell — and this w
The most recent trading session ended with C3.ai, Inc. (AI) standing at $26.59, reflecting a +1.3% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 1.17%. At the same
In the latest trading session, Okta (OKTA) closed at $99.27, marking a +1.41% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.17%. Elsewhere, the Dow gained 0.88%, while the tech-heavy Nasdaq added
Cava Group (CAVA) closed at $78.63 in the latest trading session, marking a +0.15% move from the prior day. This change lagged the S&P 500's 1.17% gain on the day. Meanwhile, the Dow gained 0.88%, and the Nasdaq, a tech-heavy
In the latest trading session, Gap (GPS) closed at $21.94, marking a +1.95% move from the previous day. This change outpaced the S&P 500's 1.17% gain on the day. At the same time, the Dow added 0.88%, and the tech-heavy Nasdaq
The most recent trading session ended with Abercrombie & Fitch (ANF) standing at $137.68, reflecting a +1.01% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 1.17%. Elsewhere, t
The latest trading session saw Li Auto Inc. Sponsored ADR (LI) ending at $25.92, denoting a -1.82% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 1.17%. At the same time, the
Europe no longer gets much natural gas from Russia. That country's Gazprom has been replaced by one company from Norway that is now supplying 30% of Europe's gas at a higher price than Russian gas. That company is Equinor, and its European business has turned into a big moneymaker.
The worst performing sector as of midday Wednesday is the Consumer Products sector, showing a 0.2% loss. Within the sector, Hasbro, Inc. (Symbol: HAS) and Brown-Forman Corp (Symbol: BF.B) are two of the day's laggards, showing a loss of 3.0% and 2.4%, respectively. Among consum
Looking at the sectors faring best as of midday Wednesday, shares of Technology & Communications companies are outperforming other sectors, higher by 1.9%. Within the sector, Super Micro Computer Inc (Symbol: SMCI) and ServiceNow Inc (Symbol: NOW) are two large stocks leadin