Asian Open: Equities Rebound and Shake Off Inflation Fears
It was a solid close for global equities last week, with European Bourses set to challenge record highs and Wall Street paring losses sustained earlier in the week.
It was a solid close for global equities last week, with European Bourses set to challenge record highs and Wall Street paring losses sustained earlier in the week.
Ingersoll Rand Inc (NYSE: IR) shares fell -3.91% to end trading Tuesday at $48.16 per share – a net change of $-1.96. Shares traded between $48.92 and $47.21 throughout the day.
Fuelcell Energy Pf B (OTHER OTC: FCELB) shares gained 2.47% to end trading Tuesday at $580.00 per share – a net change of $14.00. Shares traded between $580.00 and $575.00 throughout the day.
Ingersoll Rand Inc (NYSE: IR) shares fell -3.91% to end trading Tuesday at $48.16 per share – a net change of $-1.96. Shares traded between $48.92 and $47.21 throughout the day.
Hudbay Minerals Inc (TSX: HBM.TO) shares gained 2.94% to end trading Tuesday at $11.22 per share – a net change of $0.32. Shares traded between $11.22 and $10.38 throughout the day.
Viemed Healthcare Inc (TSX: VMD.TO) shares fell -3.66% to end trading Tuesday at $10.79 per share – a net change of $-0.41. Shares traded between $11.04 and $10.66 throughout the day.
Athabasca Oil Sands Corp (OTHER OTC: ATHOF) shares gained 0.61% to end trading Tuesday at $0.59 per share – a net change of $0.00. Shares traded between $0.60 and $0.56 throughout the day.
Palantir Technologies (NYSE:PLTR) had its price objective hoisted by investment analysts at Citigroup from $15.00 to $170.00 in a research note issued on Wednesday, The Fly reports.
Loblaw Companies Limited (TSE:L) has been assigned an average rating of “Buy” from the eight brokerages that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$81.86.
ArcelorMittal (NYSE:MT) – Equities research analysts at KeyCorp lifted their FY2022 earnings estimates for shares of ArcelorMittal in a research report issued to clients and investors on Sunday, May 9th. KeyCorp analyst P. Gibbs now anticipates that the basic materials company will post earnings per share of $4.50 for the year, up from their prior forecast of $4.10. KeyCorp has a “Overweight” rating and a $37.00 price objective on the stock.