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Shares of International Paper Co. IP, +1.79% fell 0.6% in premarket trading Tuesday, to buck the big rally in the broader stock market, after Deutsche Bank analyst Kyle White turned bearish on the paper and packaging products company, citing concerns over falling containerboard prices. “Given weakening demand and upcoming capacity additions, we anticipate containerboard prices […]
Shares of Albertsons Companies Inc. ACI, +0.59% rose 1.0% in premarket trading Tuesday, after the grocery chain, which has agreed to be acquired by Kroger Co. KR, +1.92%, reported fiscal second-quarter profit and sales that rose above expectations, even as gross margin decreased. Net income for the quarter to Sept. 10 rose to $342.7 million, […]
Shares of Conn’s Inc. CONN, -14.00% plummeted 18.6% in premarket trading toward a more than two-year low, after the home goods retailer warned of a revenue shortfall and said its chief executive officer stepped down after just 14 months in the role. “Conn’s remains challenged by macroeconomic headwinds, which is impacting consumer spending and disproportionately […]
Speaking about a hypothetical scenario, the Ethereum co-founder said censorship should be tolerated depending on the case. 1775 Total views 37 Total shares Ethereum co-founder Vitalik Buterin believes that solo validators that choose not to include certain transactions should “be tolerated” to stop the Ethereum community from becoming the “morality police.” Vitalik Buterin made the […]
U.S. stocks rose sharply at the open on Tuesday, looking to add to their gains from Monday’s session, which saw the Nasdaq Composite log its biggest percentage-point gain since July. Investors attributed the strong appetite for risk to more strong corporate earnings reports. The S&P 500 SPX advanced 81 points, or 2.2%, to 3,759. The […]
• S&P 500 reversed from key support level 3570.00 • Likely to rise to resistance level 3800.00 S&P 500 index recently reversed up with the daily Bullish Engulfing from the key support level 3570.00 (which stopped the price at the start of October) standing near the lower daily Bollinger Band. The upward reversal from the […]