Gold eases on stronger equities, dollar
Gold eased on Tuesday as the dollar rose and stock markets climbed, but further losses were capped by concerns over slowing economic growth and prospects of a pause in U.S. interest rate hikes.
Gold eased on Tuesday as the dollar rose and stock markets climbed, but further losses were capped by concerns over slowing economic growth and prospects of a pause in U.S. interest rate hikes.
Among the S&P 500’s biggest fallers on Monday January 14 was Symantec Corporation (SYMC). The stock experienced a 2.82% decline to $19.32 with 6.99 million shares changing hands.
Flotek Industries Inc. (FTK) had a rough trading day for Monday January 14 as shares tumbled 7.97%, or a loss of $-0.22 per share, to close at $2.54. After opening the day at $2.69, shares of Flotek Industries Inc. traded as high as $2.80 and as low as $2.53. Volume was 3.96 million shares over 11,388 trades, against an average daily volume of 1.22 million shares and a total float of 57.04 million.
Bio-Path Holdings Inc. (BPTH) had a rough trading day for Monday January 14 as shares tumbled 12.96%, or a loss of $-0.0298 per share, to close at $0.20. After opening the day at $0.22, shares of Bio-Path Holdings Inc. traded as high as $0.24 and as low as $0.20. Volume was 134,821 shares over 278 trades, against an average daily volume of n/a shares and a total float of 13.6 million.
Ardmore Shipping Corporation (ASC) had a rough trading day for Monday January 14 as shares tumbled 7.34%, or a loss of $-0.38 per share, to close at $4.80. After opening the day at $5.10, shares of Ardmore Shipping Corporation traded as high as $5.15 and as low as $4.79. Volume was 127,326 shares over 927 trades, against an average daily volume of 205,797 shares and a total float of 33.1 million.
U.S. stocks could deliver big gains in 2019 if history is any guide, and some companies have more potential to outperform than others, according to Goldman Sachs Group Inc.
Taubman Centers, Inc. (NYSE:TCO) – Analysts at KeyCorp dropped their FY2019 earnings per share (EPS) estimates for Taubman Centers in a report issued on Thursday, December 27th, Zacks Investment Research reports. KeyCorp analyst T. Thomas now anticipates that the real estate investment trust will post earnings of $3.71 per share for the year, down from their previous forecast of $3.82. KeyCorp has a “Buy” rating and a $69.00 price target on the stock.
Tenaris SA (NYSE:TS) – Equities researchers at Jefferies Financial Group dropped their FY2019 earnings per share (EPS) estimates for shares of Tenaris in a research report issued to clients and investors on Thursday, January 10th. Jefferies Financial Group analyst A. Spence now forecasts that the industrial products company will post earnings per share of $1.90 for the year, down from their prior forecast of $1.93.
J Sainsbury plc (OTCMKTS:JSAIY) – Investment analysts at Jefferies Financial Group dropped their FY2020 earnings per share (EPS) estimates for J Sainsbury in a research report issued to clients and investors on Wednesday, January 9th. Jefferies Financial Group analyst J. Grzinic now anticipates that the company will post earnings per share of $1.04 for the year, down from their prior estimate of $1.06. Jefferies Financial Group also issued estimates for J Sainsbury’s FY2021 earnings at $1.09 EPS.
Commerce Bancshares, Inc. (NASDAQ:CBSH) – Investment analysts at Jefferies Financial Group lowered their Q3 2019 EPS estimates for Commerce Bancshares in a note issued to investors on Tuesday, January 8th. Jefferies Financial Group analyst C. Haire now expects that the financial services provider will earn $0.97 per share for the quarter, down from their prior forecast of $0.97. Jefferies Financial Group also issued estimates for Commerce Bancshares’ Q4 2019 earnings at $1.01 EPS, FY2019 earnings at $3.85 EPS and FY2020 earnings at $3.95 EPS.