Market Insights

Vale S.A. Reports Record Q1 Sales Volumes for Iron Ore, Pellets

Vale S.A. Reports Record Q1 Sales Volumes for Iron Ore, Pellets

April 18, 2018 at 2:07 pm

Vale S.A (VALE) reported Monday that for Q1, sales volumes for iron ore and pellets were a record, totaling 84.3 metric tonnes, up by 6.4 metric tonnes from the same period last year. Shares were down more than 1% in recent trading The company attributed the increase to the company’s flexibility and active management of its supply chain. Vale’s salesRead More

Aptose Shares Surge Following Encouraging Pre-Clinical Data on CG’806

Aptose Shares Surge Following Encouraging Pre-Clinical Data on CG’806

April 18, 2018 at 1:55 pm

Aptose Biosciences (APTO) shares jumped in Monday trading after the Canadian-based clinical-stage biotechnology company said preclinical data demonstrated the robust cell killing ability of CG’806, a pan-FLT3/pan-BTK inhibitor, in multiple types of AML and B-cell malignancies. Data further demonstrated CG’806 targets multiple pathways and overcomes drug resistance seen with other inhibitors, the company said in a statement. “As a pan-FLT3/pan-BTKRead More

Marriott Vacations, ILG Shares Jump on Report They May Merge

Marriott Vacations, ILG Shares Jump on Report They May Merge

April 18, 2018 at 1:53 pm

Marriott Vacations Worldwide (VAC), a U.S. provider of vacation timeshare properties, may merge with peer ILG (ILG), Reuters reported on Monday, citing unidentified sources. The transaction would bring together two of the largest vacation ownership companies, with brands including Marriott, Ritz-Carlton, Westin, Hyatt and Sheraton. ILG views Marriott’s Vacations’ bid as the best it has received so far, and isRead More

Walt Disney Releases ESPN+ On-Demand App

April 12, 2018 at 12:41 pm

Walt Disney (DIS) released sports streaming app ESPN+ with a $4.99 a month subscription price as the media blue chip company increasingly works its way into on-demand entertainment services. The app offers live games, a basketball show with Kobe Bryant and the archives of ESPN’s 30 for 30 sports documentary series, Walt Disney said in a statement on Thursday. TheRead More

Boeing Faces Risks in China-US Trade Dispute

April 5, 2018 at 1:12 pm

Escalation of a trade dispute between China and the US is bringing uncertainty with Boeing (BA) facing substantial risks given that the Asian nation’s tariffs announced this week include levies on the airplane maker’s 737 next generation craft, Canaccord Genuity said. China’s “very quick response” to the Trump administration includes a 25% tariff on aircraft weighing between about 33,000 andRead More

CASI Falls 2% Even as Chinese Regulator Schedules Meeting for Review

April 5, 2018 at 1:11 pm

CASI Pharmaceuticals (CASI) shares dropped 2% on Thursday afternoon even after the company said it got a letter from the Center for Drug Evaluation (CDE), a group within China’s drugs regulator in charge of technical review, indicating that Evomela for injection has been scheduled for review by the Expert Advisory Anti-Tumor Drugs Committee. The meeting will take place between AprilRead More

Facebook in Relief Rally as CEO Zuckerberg & Deutsche Bank Soothe Nerves

Facebook in Relief Rally as CEO Zuckerberg & Deutsche Bank Soothe Nerves

April 5, 2018 at 1:03 pm

Shares of Facebook (FB) climbed more than 2% intraday day after Deutsche Bank analyst Lloyd Walmsley is reported to have reiterated a Buy rating and $200 price target on the company, saying he is “cautiously optimistic a bottom is in,” according to media reports. That comes as CEO Mark Zuckerberg told reporters, according to CNBC, that he had not seenRead More