5 Steel Stocks to Fortify Your Portfolio Before Their Q1 Earnings Zacks.com 3 hrs ago
Steel stocks are likely to put up an impressive show this earnings season, helped by robust demand in major end markets and a strong run-up in steel prices. The steel industry saw a solid first quarter with steel prices zooming to record highs on the back of a surge in demand and tight supply.
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Coronavirus-induced demand destruction wreaked havoc on the steel industry for much of the first half of last year. However, strong pent-up demand from major steel-consuming industries such as automotive and construction, and skyrocketing steel prices have pulled the industry out of its funk.
Kansas City Southern (KSU) Q1 Earnings and Revenues Miss Estimates yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Virtu Financial (VIRT) Gains As Market Dips: What You Should Know Zacks.com 4 hrs ago
Virtu Financial (VIRT) closed the most recent trading day at $31.20, moving +1.23% from the previous trading session. This move outpaced the S&P 500 s daily loss of 0.41%.
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Heading into today, shares of the high-speed trading company had gained 1.99% over the past month, outpacing the Finance sector s gain of 0.16% and lagging the S&P 500 s gain of 5.07% in that time.
Investors will be hoping for strength from VIRT as it approaches its next earnings release, which is expected to be May 4, 2021. On that day, VIRT is projected to report earnings of $1.30 per share, which would represent a year-over-year decline of 36.59%. Meanwhile, our latest consensus estimate is calling for revenue of $521.82 million, down 33.48% from the prior-year quarter.
4 Stocks to Watch as Copper Trends Above $4 Per Pound Zacks.com 6 hrs ago
Copper has been trending above $4.00 per pound since February riding on optimism regarding a robust US economic growth, strong demand from China and mounting concerns of a supply crunch. On Apr 14, copper futures for May delivery gained 2.4% to $4.1285 per pound a level last seen in August 2011. Notably, copper had hit an all-time high of $4.63 per pound in February 2011. The metal has had a good run so far this year, notching a gain of around 18% owing to accelerating demand on account of pick up in manufacturing activity, particularly in China.
PPG Industries (PPG) Q1 Earnings and Revenues Top Estimates yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.