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Palantir Gains Rio Tinto As A Client For Foundry Platform
Thursday, January 28, 2021 - 6:16pm | 364On Thursday, Palantir Technologies Inc. (NYSE: PLTR) announced it had signed a multi-year enterprise agreement with Rio Tinto (NYSE: RIO), a mining and metals company, for use of its Foundry platform. What Happened: As part of Rio Tinto’s move to digital operations, it will use...
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Rio Tinto No Longer 'Top Pick' At RBC, But Still Viewed Favorably
Tuesday, August 15, 2017 - 12:19pm | 338RBC Capital Markets' Tyler Broda turned slightly less bullish on Rio Tinto plc (ADR) (NYSE: RIO) by downgrading the London-listed stock rating from Top Pick to Outperform with an unchanged 4,200p price target, which implies upside from Tuesday's opening price of 3,382.50p. One of the reasons to...
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Revisiting The Case For UK ETFs As Dividend Destinations
Wednesday, March 2, 2016 - 2:25pm | 563The UK, essentially the second-best dividend market after the United States, could see payouts pinched, as some FTSE 100 companies struggle to generate cash to cover current dividends and boost those payouts. With energy and materials names looking like the most egregious offenders, the FTSE 100,...
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Rio Tinto Announces Asset Sale For $224 Million, Notes Transaction Will 'Deliver Significant Value' For Shareholders
Wednesday, January 27, 2016 - 10:56am | 162Shares of Rio Tinto plc (ADR) (NYSE: RIO) were trading lower by around 1 percent on Wednesday despite the company's announcement of an asset sale. Rio Tinto said in a press release it has reached an agreement to sell its Mount Pleasant thermal coal assets to MACH Energy Australia Pty Ltd...
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Markets Rebound After Getting Crushed Intraday, Still Close Lower
Wednesday, October 15, 2014 - 4:57pm | 2525U.S. stocks tumbled further on Wednesday and recovered significantly from intraday lows in a day of heavily volatility. The Dow traded lower by more than 450 points, dipping below 16,000 levels the index hasn't seen since February. The index recovered most of the losses but still closed the...
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Dow Suffers Largest Daily Decline Since July, S&P 500 At 8-Week Lows On Global Growth Concerns
Tuesday, October 7, 2014 - 4:52pm | 2340U.S. stocks tumbled with the three major indices each shedding more than 1.5 percent as global economic growth concerns surfaced. The IMF lowered its global growth forecast for 2014 to 3.3 percent from a previous 3.4 percent. The agency also lowered its 2015 global growth projections to 3.8...
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Markets Begin The Week On A Losing Note Ahead Of Earnings Kick-Off, Fed Minutes
Monday, October 6, 2014 - 4:45pm | 1927U.S. stocks traded lower on Monday ahead of earnings season, which unofficially begins on Wednesday. The Federal Reserve will also release its minutes from its recent meeting on the same day. Major indices were trading in positive territory on Monday with the Dow up as much as 89 points before...
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Walter Energy, Inc. Surges 15% On Acquisition Rumors
Thursday, October 2, 2014 - 10:48am | 150Walter Energy, Inc. (NYSE: WLT) surged higher Thursday as rumors of an acquisition circulated. According to The Guardian, “US coal giant Walter Energy was rumored to be in the sights” of BHP Billiton or Rio Tinto. BHP may be considering $5 a share for the company, more than double...
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Earnings Continue Driving Markets Higher
Wednesday, July 16, 2014 - 5:23pm | 3415U.S. stocks rose as investors and traders find comfort in corporate earnings that continue to come in at better-than-expected levels. Although it's still very early in to earning season, Intel Corp. (NASDAQ: INTC) reported better-than-expected results and stronger-than-expected PC sales,...
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3 India Stocks That Have Rallied Since The Elections
Tuesday, May 27, 2014 - 3:26pm | 898Since the results of the general election were announced, India-based stocks traded on U.S. exchanges ICICI Bank (NYSE: IBN), MakeMyTrip (NASDAQ: MMYT) and Sesa Sterlite (NYSE: SSLT) have seen the biggest boosts. This was the first general election in India since 2009, and more than 814 million...
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Market Wrap For May 8: Tesla Helps Extend Nasdaq's Losing Streak To 3 Straight Days
Thursday, May 8, 2014 - 4:32pm | 3174U.S. stocks were mixed as the Dow finished in positive territory and the S&P 500 index turned negative after rising to within two points of its record close. The Nasdaq also turned negative towards the end of the day, declining for the third straight day. Earnings continue to come in mixed...
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Market Wrap For February 24: Markets Showing Strength To Start The Week
Monday, February 24, 2014 - 5:46pm | 3826U.S. stocks rose as investors as the S&P 500 traded at new historical highs and clearing its 2014 losses. Investors shrugged off disappointing earning reports and economic data and chose to focus on several prominent merger and acquisition activities. The S&P 500 hit a new intra-day...
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Market Wrap For January 30: Markets Focus on Good News
Thursday, January 30, 2014 - 6:06pm | 2831U.S. stocks rose on Thursday as investors and traders focused on the positives. Data showed that the economy expanded in the fourth quarter as consumer spending gained traction. "Today the market is focused on the good news, or the developed world," Bill Stone, chief investment strategist at...
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Freeport-McMoRan and Other Mining Picks from Deutsche Bank (CDE, FCX, VALE)
Monday, July 1, 2013 - 1:24pm | 875The U.S. dollar has strengthened, global inflation remains mild and growth in China has slowed. Despite the beating that commodities have taken recently because of all this, analysts at Deutsche Bank (NYSE: DB) have recommended some metals and mining stocks that investors can buy into now....
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Barron's Recap (12/22/12): Betting on Europe in 2013
Saturday, December 22, 2012 - 2:24pm | 879This weekend in Barron's online: the outlook for European stocks in 2013, the prospects for PNC Financial Services and Central Garden & Pet, uncovering the hidden potential for higher corporate earnings, and a fresh look at Washington, D.C. Cover Story "Europe on Sale" by Jonathan Buck....