Copper held the bulk of the biggest one-day advance in more than three years, as the metal benefited from a renewed wave of interest in commodities and investors assessed the outlook for Chinese demand. Futures traded above $13,420 a ton in London after surging 4.6% on Tuesday for the biggest gain since November 2022. Base and precious metals have moved in tandem in recent months, with gold and si...
Copper held the bulk of the biggest one-day advance in more than three years, as the metal benefited from a renewed wave of interest in commodities and investors assessed the outlook for Chinese demand. Futures traded above $13,420 a ton in London after surging 4.6% on Tuesday for the biggest gain since November 2022. Base and precious metals have moved in tandem in recent months, with gold and silver rallying on Wednesday after a steep drop earlier in the week spurred by a rise in the US dollar. Copper — used in pipes and batteries — has risen by about 8% this year, hitting a record above $14,500 last week. The gains have been underpinned by signs that governments could move to secure supplies, as well as broad investor optimism about the outlook for demand. Prices spiked on Tuesday after a state-backed industry group in China called for authorities to boost strategic reserves of the metal, as well as on a return of buying by Chinese manufacturers. The China Nonferrous Metals Industry Association also forecast that the country’s refined copper output would rise about 5% this year, following a 10% surge in 2025, according to a statement . Local smelters — which produced 47% of the world’s refined metal last year — have been resilient despite a relentless expansion of capacity that’s triggered a collapse in processing fees. The association’s outlook signals no major output cuts are expected from Chinese smelters, said Xu Wanqiu, an analyst at Cofco Futures Co . Daily refined copper spot trading volumes across China totaled 28,900 tons on Tuesday, according to a survey from consultancy Mysteel Global. While that’s down 24% from a three-month peak the day before, the volume is still relatively high for the period since November. In industry news, Glencore Plc has agreed to sell 40% of its stakes in two African copper businesses to a US government-backed group as Washington pushes for more control over critical minerals. Orion CMC, a new venture led by Orion Resource Pa...
(RTTNews) - Atmos Energy Corporation (ATO) reported that its first quarter net income increased to $402.96 million or $2.44 per share from $351.86 million or $2.23 per share last year. Analysts expected the company to report earnings of $2.44 per share for the quarter. Analysts' estimates typically exclude special items. Total operating revenues grew to $1.343 billion from $1.176 billion last year...
(RTTNews) - Atmos Energy Corporation (ATO) reported that its first quarter net income increased to $402.96 million or $2.44 per share from $351.86 million or $2.23 per share last year. Analysts expected the company to report earnings of $2.44 per share for the quarter. Analysts' estimates typically exclude special items. Total operating revenues grew to $1.343 billion from $1.176 billion last year. Analysts expected revenue of $1.30 billion for the quarter. The company still expects earnings per share to be in the range of $8.15 - $8.35 per share for fiscal year 2026. Analysts expect the company to report annual earnings of $8.20 per share. Atmos Energy declared a quarterly dividend on the company's common stock of $1.00 per share. The indicated annual dividend is $4.00. The dividend will be paid on March 9, 2026, to shareholders of record on February 23, 2026. ATO closed the regular trading session at $168.81, rising by $2.29 or 1.38%. In after-hours trading, the stock advanced further to $170.92, up $2.11 or 1.25%. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Roman Tiraspolsky/iStock Editorial via Getty Images At the end of November, I expressed my view that the window of opportunity in Intel Corporation ( INTC ) had passed. As you can see below, I reiterated my hold rating as I cited weak Q4 guidance and a fair valuation. Despite the recent plunge after their latest earnings report, the stock is still up over 20% since the publication of my update and...
Roman Tiraspolsky/iStock Editorial via Getty Images At the end of November, I expressed my view that the window of opportunity in Intel Corporation ( INTC ) had passed. As you can see below, I reiterated my hold rating as I cited weak Q4 guidance and a fair valuation. Despite the recent plunge after their latest earnings report, the stock is still up over 20% since the publication of my update and so it is fair to say that my call hasn't aged too well. However, today, we'll see if these gains are a fair reflection of their fundamentals or whether investors have gotten ahead of themselves. Seeking Alpha In the below analysis, it is shown that Q4 was a weak quarter for the company. There are signs that the turnaround is losing steam as revenues drop and margins contract. Furthermore, Q1 guidance was soft and while there are some insider purchases and talks of an Nvidia deal, I believe there is a lack of concrete signals that the comeback is progressing. With the valuation having soared since mid last year, I believe the stock could be in for a reckoning. Therefore, I'm downgrading to a sell. Revenue Analysis Data by YCharts For their top line results, Q4 wasn't a particularly strong quarter. The legacy chip company generated total revenues of $13.7 billion which represented a 4% decline YoY. As you can see in the chart above, prior to Q4, there were three consecutive quarters of revenue growth improvement to show that an inflection point was in. Q4 was really a step in the wrong direction as growth moved from positive territory quite far back into negative territory and so overall business activity seems to be at undesirable levels. To their credit, they did say that demand is outpacing supply in their server and client businesses and so perhaps the top line was held back by these factors. Furthermore, they were still able to beat analyst estimates by a rather impressive $282.46 million margin and so results were far better than feared. Let's take a deeper look at the...
Roman Tiraspolsky/iStock Editorial via Getty Images At the end of November, I expressed my view that the window of opportunity in Intel Corporation ( INTC ) had passed. As you can see below, I reiterated my hold rating as I cited weak Q4 guidance and a fair valuation. Despite the recent plunge after their latest earnings report, the stock is still up over 20% since the publication of my update, an...
Roman Tiraspolsky/iStock Editorial via Getty Images At the end of November, I expressed my view that the window of opportunity in Intel Corporation ( INTC ) had passed. As you can see below, I reiterated my hold rating as I cited weak Q4 guidance and a fair valuation. Despite the recent plunge after their latest earnings report, the stock is still up over 20% since the publication of my update, and so it is fair to say that my call hasn't aged too well. However, today, we'll see if these gains are a fair reflection of their fundamentals or whether investors have gotten ahead of themselves. Seeking Alpha In the below analysis, it is shown that Q4 was a weak quarter for the company. There are signs that the turnaround is losing steam as revenues drop and margins contract. Furthermore, Q1 guidance was soft, and while there are some insider purchases and talks of an Nvidia deal, I believe there is a lack of concrete signals that the comeback is progressing. With the valuation having soared since mid-last year, I believe the stock could be in for a reckoning. Therefore, I'm downgrading to a sell. Revenue Analysis Data by YCharts For their top line results, Q4 wasn't a particularly strong quarter. The legacy chip company generated total revenues of $13.7 billion, which represented a 4% decline YoY. As you can see in the chart above, prior to Q4, there were three consecutive quarters of revenue growth improvement to show that an inflection point was in. Q4 was really a step in the wrong direction, as growth moved from positive territory quite far back into negative territory, and so overall business activity seems to be at undesirable levels. To their credit, they did say that demand is outpacing supply in their server and client businesses, and so perhaps the top line was held back by these factors. Furthermore, they were still able to beat analyst estimates by a rather impressive $282.46 million margin, and so results were far better than feared. Let's take a deeper look...