Mid Cap Archives - Page 12 of 126

2 minute read

Electrical Equipment Company Encore Wire Gets Wired For Takeover In €3.9B Deal

April 15, 7:22 AM

Encore Wire to be acquired by Prysmian for $290 per share in cash. Transaction expected to close in second half of 2024, generating ~€140 million in EBITDA synergies.

MVPA

2 minute read

Group 1 Makes Power Move in UK Market with Inchcape Auto Dealerships Buy Out

By Lekha Gupta

April 15, 6:59 AM

Group 1 Automotive to acquire Inchcape's U.K. dealerships for $439M in all-cash deal. Deal expected to close in Q3 2024.

GLRY

2 minute read

Stocks Bounce Back With Tech, Gold Gaining After Modest Producer Inflation Data: What’s Driving Markets Thursday?

By Piero Cingari

April 11, 2:13 PM

Investors can breathe a sigh of relief on Thursday as last month’s Producer Price Index (PPI) inflation turned out slightly lower than expected, albeit with some caveats across different measures within the basket.

ALPN

2 minute read

Analyst Sees Volatile Future for North American Gas Prices, Upgrades Most Impacted Stock

By Lekha Gupta

April 11, 1:53 PM

Scotiabank analyst upgraded EQT, downgraded RRC & SWN due to revised forecasts for natural gas industry. Expects volatility & LNG export growth.

CHK

2 minute read

Real Estate, Regional Bank Stocks Tank, Energy Cushions The Blow: March Inflation Rates Shake Up Sectors

By Piero Cingari

April 10, 1:11 PM

Inflation unexpectedly surges, shattering hopes for Fed rate cuts & sending stocks down. Core inflation also exceeded expectations. No sector escapes losses, with real estate hit hardest.

DEI

1 minute read

Warehouse Clubs Operator PriceSmart Soars on Strong Q2, Rewards Shareholders With Special Dividend

By Lekha Gupta

April 10, 8:48 AM

PriceSmart reported strong Q2 results, with revenue up 13.1% and adjusted EPS of $1.31 beating expectations. It also declared a special dividend of $1.00 per share and has 54 warehouse clubs in operation.

PSCC

2 minute read

WD-40’s Mixed Bag Of Q2: Revenue Miss, Strategic Moves, Raised EPS Outlook & More

By Lekha Gupta

April 10, 6:22 AM

WD-40 Co. reports Q2 revenue of $139.1M, missing consensus of $140.5M. Revenue up 7% Y/Y, gross margin improves, EPS beats estimate. FY24 EPS guidance raised, net sales outlook reiterated.

PSCC

2 minute read

Stocks Fall Ahead Of Key Inflation Data, Gold Defends Record Highs; Bitcoin Stumbles Below $70,000: What’s Driving Markets Tuesday?

By Piero Cingari

April 9, 1:53 PM

Stocks edged lower during midday trading on Tuesday as traders maintained a cautious stance in anticipation of the highly awaited Consumer Price Index (CPI) report scheduled for Wednesday, which could offer crucial insights into the potential course of actions by the Fed.

BTC

2 minute read

Bank Of America Sees Gold At $3,000, Warns Of A Copper Supply Crisis: Metals ‘Dance To Their Own Tune’

By Piero Cingari

April 9, 10:44 AM

Gold prices projected to jump to $3,000/oz by 2025 due to strong demand from central banks and investors returning to market with Fed rate cuts.

AGI

2 minute read

Stocks Falter Ahead Of Data-Rich Week, Tesla Rallies On ‘Robotaxi’ Push, Bitcoin Reclaims $71,500: What’s Driving Markets Monday?

By Piero Cingari

April 8, 1:49 PM

It’s a lackluster trading session on Wall Street, with the main indices experiencing slight declines as traders adopt a cautious stance ahead of a data-heavy week.

AIRC