Solis Minerals Seeks Delisting from TSXV
Newsfile· 2025-06-09 23:02
Core Viewpoint - Solis Minerals Limited is voluntarily delisting its common shares from the TSX Venture Exchange to focus on a primary listing on the Australian Securities Exchange, which is expected to enhance liquidity and reduce costs [2][3][8]. Company Actions - The company has applied for delisting from the TSXV, with the expected delisting date around June 23, 2025 [4][8]. - In conjunction with the delisting, Solis Minerals plans to re-domicile to Australia, pending shareholder and regulatory approvals [5][8]. Shareholder Impact - Existing TSXV shareholders can convert their shares into CHESS Depositary Interests (CDIs) to trade on the ASX [6][8]. - Approximately 8% of the company's securities are held by TSXV shareholders following a placement in February 2025 [8]. Operational Focus - The delisting and re-domiciliation are aimed at streamlining operations, allowing the company to focus resources on exploration activities, particularly in its copper-gold projects in southern Peru [7][8][12]. - The company holds 81 concessions totaling 69,200 hectares in its South American copper portfolio [12].
Alaska Air Group (ALK) Stock Dips While Market Gains: Key Facts
ZACKS· 2025-06-09 23:01
Company Performance - Alaska Air Group (ALK) closed at $51.73, reflecting a -1.47% change from the previous session, underperforming the S&P 500's daily gain of 0.09% [1] - Over the past month, ALK shares gained 0.9%, lagging behind the Transportation sector's gain of 7.55% and the S&P 500's gain of 7.21% [1] Earnings Forecast - The upcoming earnings report is expected to show an EPS of $1.57, representing a 38.43% decrease from the same quarter last year [2] - Revenue is forecasted at $3.66 billion, indicating a 26.26% growth compared to the corresponding quarter of the prior year [2] - Full-year estimates predict earnings of $3.65 per share and revenue of $14.21 billion, reflecting year-over-year changes of -25.05% and +21.09%, respectively [3] Analyst Estimates and Rankings - Recent modifications to analyst estimates indicate changing business trends, with positive revisions suggesting analyst optimism about the company's profitability [4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Alaska Air Group at 5 (Strong Sell) [6] Valuation Metrics - Alaska Air Group has a Forward P/E ratio of 14.38, which is a premium compared to the industry average of 9.23 [7] - The company has a PEG ratio of 0.53, lower than the industry average PEG ratio of 0.89 [7] Industry Context - The Transportation - Airline industry ranks 165 in the Zacks Industry Rank, placing it in the bottom 33% of over 250 industries [8]
Tractor Supply: A Strong Performer in a Challenging Retail Landscape
The Motley Fool· 2025-06-09 23:00
Anand Chokkavelu, CFA has no position in any of the stocks mentioned. Jason Hall has no position in any of the stocks mentioned. Toby Bordelon has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tractor Supply. The Motley Fool recommends the following options: short July 2025 $54 calls on Tractor Supply. The Motley Fool has a disclosure policy. ...
Markets Flat on No Economic or Trade News; Apple Flops at WWDC
ZACKS· 2025-06-09 22:56
Market Performance - The small-cap Russell 2000 index increased by +10% over the past month, although it remains down -4% year to date [1] - The S&P 500 index stayed above the 6000 mark, gaining +0.09% on the day, while the Nasdaq rose by +0.31% [3] - The Dow index remained unchanged at 0.00%, influenced by a -1.2% drop in Apple shares [2][5] Company News: Apple - Apple shares fell -1.2% following a lackluster performance at the Worldwide Developers Conference, where details on AI competition were sparse [2] - Apple shares are down -29.5% from their 52-week highs reached after Christmas last year [2] Company News: Casey's General Stores - Casey's General Stores reported fiscal Q4 earnings of $2.63 per share, exceeding the Zacks consensus by 70 cents, with a year-over-year growth of +12.4% [6] - Revenues reached $3.99 billion, surpassing analyst expectations of $3.97 billion [6] - Same-store sales increased by +1.7%, and the company raised its dividend by +14% to 57 cents per share, marking its 26th consecutive increase [7] - Casey's shares are now trading at new all-time highs, reflecting strong performance [7]
Bristol Myers Squibb (BMY) Exceeds Market Returns: Some Facts to Consider
ZACKS· 2025-06-09 22:51
Company Performance - Bristol Myers Squibb (BMY) closed at $49, reflecting a +1.22% increase from the previous day, outperforming the S&P 500's daily gain of 0.09% [1] - The stock has risen by 4.22% over the past month, compared to a 2.17% gain in the Medical sector and a 7.21% gain in the S&P 500 [1] Upcoming Financial Results - The company is expected to report an EPS of $1.67, indicating a 19.32% decline year-over-year [2] - Projected revenue for the upcoming quarter is $11.32 billion, reflecting a 7.19% decrease compared to the same quarter last year [2] Annual Estimates - For the annual period, earnings are anticipated to be $6.85 per share, representing a +495.65% change from the previous year, while revenue is projected at $46.31 billion, indicating a -4.11% change [3] Analyst Forecasts - Recent revisions to analyst forecasts for Bristol Myers Squibb should be monitored, as they often reflect changes in short-term business dynamics [4] - Positive estimate revisions are seen as a sign of optimism regarding the company's business outlook [4] Zacks Rank and Valuation - The Zacks Rank system currently rates Bristol Myers Squibb at 3 (Hold), with a recent 0.57% decline in the Zacks Consensus EPS estimate [6] - The company is trading at a Forward P/E ratio of 7.06, significantly lower than the industry average of 19.71, suggesting it is trading at a discount [7] PEG Ratio and Industry Ranking - Bristol Myers Squibb has a PEG ratio of 1.41, close to the industry average of 1.43 [8] - The Medical - Biomedical and Genetics industry, which includes Bristol Myers Squibb, has a Zacks Industry Rank of 78, placing it in the top 32% of over 250 industries [8][9]
Enbridge (ENB) Stock Slides as Market Rises: Facts to Know Before You Trade
ZACKS· 2025-06-09 22:51
Company Performance - Enbridge (ENB) closed at $45.82, reflecting a -1.5% change from the previous day, underperforming the S&P 500 which gained 0.09% [1] - The stock has increased by 0.91% over the past month, lagging behind the Oils-Energy sector's gain of 5.47% and the S&P 500's gain of 7.21% [1] Earnings Forecast - Enbridge is expected to report an EPS of $0.42, indicating no change from the same quarter last year, with revenue forecasted at $8.97 billion, representing an 8.3% increase year-over-year [2] - For the full year, earnings are projected at $2.12 per share and revenue at $37.6 billion, showing changes of +6% and -3.54% respectively from the previous year [3] Analyst Estimates and Valuation - Recent analyst estimate revisions suggest a positive outlook for Enbridge, with a downward shift of 0.76% in the Zacks Consensus EPS estimate over the past month [5] - Enbridge currently holds a Zacks Rank of 3 (Hold) and has a Forward P/E ratio of 21.91, which is higher than the industry average of 17.03 [5] - The company has a PEG ratio of 4.38, compared to the industry average PEG ratio of 2.57 [6] Industry Context - The Oil and Gas - Production and Pipelines industry, part of the Oils-Energy sector, ranks 148 in the Zacks Industry Rank, placing it in the bottom 40% of over 250 industries [7] - Research indicates that industries in the top 50% of the Zacks Rank outperform those in the bottom half by a factor of 2 to 1 [7]
Riot Platforms, Inc. (RIOT) Outperforms Broader Market: What You Need to Know
ZACKS· 2025-06-09 22:51
Company Performance - Riot Platforms, Inc. closed at $10.11, reflecting a +2.64% change from the previous session, outperforming the S&P 500's daily gain of 0.09% [1] - The stock has increased by 16.16% over the past month, surpassing the Finance sector's gain of 5.44% and the S&P 500's gain of 7.21% [1] Upcoming Earnings - The company is expected to report an EPS of -$0.26, which is an improvement of 18.75% from the prior-year quarter [2] - Revenue is projected to be $142.25 million, representing a significant increase of 103.15% from the prior-year quarter [2] Full Year Projections - For the full year, earnings are projected at -$1.53 per share, indicating a decline of 550% from the prior year [3] - Revenue for the full year is estimated at $623.25 million, reflecting a growth of 65.47% from the previous year [3] Analyst Forecasts - Recent revisions to analyst forecasts for Riot Platforms, Inc. are crucial as they indicate changing business trends [4] - Upward revisions in estimates suggest analysts' positive outlook on the company's operations and profit generation capabilities [4] Zacks Rank and Industry Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Riot Platforms, Inc. at 5 (Strong Sell) [6] - Over the past month, the Zacks Consensus EPS estimate has decreased by 0.52% [6] - The Financial - Miscellaneous Services industry, part of the Finance sector, holds a Zacks Industry Rank of 141, placing it in the bottom 43% of all industries [7]
Progressive (PGR) Stock Sinks As Market Gains: Here's Why
ZACKS· 2025-06-09 22:51
Company Performance - Progressive's stock closed at $271.31, down by 2.87% from the previous trading day, underperforming the S&P 500 which gained 0.09% [1] - The stock has decreased by 1.82% over the past month, while the Finance sector and S&P 500 saw gains of 5.44% and 7.21% respectively [1] Earnings Projections - The upcoming earnings report for Progressive is expected to show earnings per share (EPS) of $3.93, a 48.3% increase year-over-year [2] - Revenue is projected to be $21.53 billion, reflecting a 17.92% increase from the same quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are estimated at $16.17 per share and revenue at $87.6 billion, indicating increases of 15.09% and 16.63% respectively from the prior year [3] Analyst Estimates - Recent adjustments to analyst estimates for Progressive indicate a positive outlook on the company's business operations and profit generation capabilities [4] - The Zacks Rank system, which reflects these estimate changes, currently rates Progressive as 3 (Hold) [6] Valuation Metrics - Progressive has a Forward P/E ratio of 17.28, which is higher than the industry average of 12.07 [7] - The company also has a PEG ratio of 1.69, compared to the industry average PEG ratio of 2.76 [7] Industry Context - The Insurance - Property and Casualty industry, part of the Finance sector, holds a Zacks Industry Rank of 53, placing it in the top 22% of over 250 industries [8]
Spotify (SPOT) Stock Dips While Market Gains: Key Facts
ZACKS· 2025-06-09 22:51
In the latest market close, Spotify (SPOT) reached $699.11, with a -1.85% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.09%.The music-streaming service operator's stock has climbed by 9.87% in the past month, falling short of the Computer and Technology sector's gain of 11.17% and outpacing the S&P 500's gain of 7.21%.Analysts and investors alike will be keeping a close eye on the performance of Spotify in its upcoming earnings disclosure. It is antici ...
AZZ (AZZ) Stock Declines While Market Improves: Some Information for Investors
ZACKS· 2025-06-09 22:51
In the latest trading session, AZZ (AZZ) closed at $92.85, marking a -1.68% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.09%.The electrical equipment maker's shares have seen an increase of 3.22% over the last month, not keeping up with the Industrial Products sector's gain of 8.52% and the S&P 500's gain of 7.21%.Analysts and investors alike will be keeping a close eye on the performance of AZZ in its upcoming earnings disclosure. The company is forecasted to ...