Columbus, OH

XLB - Free Report) , Vanguard Materials ETF (. VAW - Free Report) , iShares U.S. Basic Materials ETF (. IYM - Free Report) and Fidelity MSCI Materials Index ETF (. FMAT - Free Report) — have gained 1.7%, 1.8%, 0.6% and 1.8%, respectively, over the past three months.

What's in Store for Materials ETFs in Q2 Earnings?

MU - Free Report) has established itself as one of the leading worldwide providers of semiconductor memory solutions. Micron is benefiting from improved market conditions, robust sales executions and strong growth across multiple business units. The positive impact of inventory improvement in the data center, as well as stabilization in other markets, such as automotive, industrial and others, is contributing to top-line growth. It anticipates the pricing of DRAM and NAND chips to increase next year, thereby improving its revenues. The pricing benefits should primarily be driven by rising AI servers, causing a scarcity in the availability of cutting-edge DRAM and NAND supply. Also, 5G adoption in the Internet of Things devices and wireless infrastructure is likely to spur demand for memory and storage. The stock has outperformed the S&P 500 year to date. Micron is a cash rich company with a strong balance sheet. Micron has a strong cash-flow generating ability, which enables it to improve its cash balance and lower debt. Micron is readying to report earnings on September 25, 2024.

Top Stock Picks for Week of July 22, 2024

FXDailyReport.com

Nucor Corp (NYSE:NUE) stock fell 1.21% (As on July 23, 11:18:20 AM UTC-4, Source: Google Finance) after the company beat estimates for quarterly earnings as increased volumes in the steel products segment partially offset the lower domestic steel prices. However, the steelmaker expects lower prices to continue to weigh on earnings, forecasting a weaker third quarter compared to the second one. The company has reported consolidated net earnings attributable to Nucor stockholders of $645.2 million, for the second quarter of 2024. By comparison, Nucor reported consolidated net earnings attributable to Nucor stockholders of $844.8 million, for the first quarter of 2024 and $1.46 billion for the second quarter of 2023. At the end of the second quarter of 2024, the company had $5.43 billion in cash and cash equivalents and short-term investments on hand.

Nucor Corp (NYSE:NUE) Faces Low Steel Price

BANGKOK -- China’s Baosteel said Tuesday that it will acquire Nippon Steel’s 50% stake in their auto steel joint venture for about $242 million. The contract for the joint venture, Baosteel Nippon Steel Automotive Steel Sheets, was due to expire on July 30. The venture between Baosteel and...

China's Baosteel to buy out Nippon Steel's 50% stake in auto steel venture

ELAN - Free Report) have declined 6.1% since Jul 9, following the completion of the divestiture of its aqua business to Merck Animal Health, a subsidiary of Merck & Co. (. MRK - Free Report) , for approximately $1.3 billion in cash. Although its shares are down, Elanco is focused on the long-term positive strategic move that will enable the company to concentrate on high-value opportunities in pet health and livestock sustainability while enhancing its financial flexibility.

Elanco (ELAN) Stock Declines After Sale of Aqua Business

Lancaster County, PA

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NewsByJoshua

Fans of Frisco's Chicken were left reeling as the beloved Peruvian-style eatery announced the closure of all its locations in Lancaster County, Pennsylvania. The chain, known for its delicious food and strong community values, posted a heartfelt note on its doors, informing customers of the devastating news.

Favorite Chicken Chain Suddenly Closes All Stores, Heartfelt Message Found on Doors

Reuters

LOS ANGELES (Reuters) - The cost to ship a standard 40-foot container of toys, auto parts or other goods from Shanghai to New York has jumped to nearly $10,000, fueling frustration among importers and prompting some experts to say the market is in a bubble.

US importers balk at return of $10,000 container shipping rate

California State

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The HD Post

CALIFORNIA – Plaintiffs, in a case against Wells Fargo alleging that the bank knowingly took part in a marketing scam, asked the court, July 8, not to grant a motion for summary judgment.

Class action lawsuit says Wells Fargo customers lost over $160 Million

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Carol Perez

There are lots of places in the US where you don’t necessarily need a car. There might be good public transportation and/or your area might be walkable, but for others, this might not be the case.

Free Car Programs: 16 Ways to Get a Car Without Paying

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

In a concerning trend for California, numerous large companies are gearing up for significant layoffs, affecting thousands of workers across various industries. According to the WARN Tracker, California has seen a staggering 37,086 WARN layoffs this year alone, impacting 713 businesses statewide.

Concerns Rise as Massive Layoffs Hit California

On Wednesday, Broadcom Limited (NASDAQ:AVGO) saw its stock price target adjusted by Cantor Fitzgerald to $200 from the previous $2,000, while the firm maintained an Overweight rating on the stock. This revision follows the completion of a 10-for-1 stock split by Broadcom, which became effective on Monday before the market opened.

Broadcom shares get new price target after stock split

Oregon State

With scorching heatwaves sweeping across the country, drivers are being advised to take their car's thermometer readings with a grain of salt. While your dashboard might display a temperature that seems outrageously high, experts suggest not relying on it for an accurate outdoor temperature gauge.

Drivers cautioned not to use a standard car feature on hot days - opt for your phone instead

Coca-Cola (NYSE:KO) revealed its second-quarter 2024 earnings, surpassing expectations with an adjusted EPS of $0.84, $0.04 higher than the consensus estimate of $0.80. Revenue also exceeded forecasts, reaching $12.4 billion against the anticipated $11.77 billion. The beverage giant's stock showed a marginal decline of 0.1% following the announcement. The company's...

Coca-Cola raises 2024 guidance, Q2 earnings and revenue tops estimates

The Motley Fool

Chevron combines a high yield with decades of consecutive dividend raises.

Should You Buy the Third-Highest Yielding Stock in the Dow Jones Industrial Average?

The Independent

Coca-Cola is raising is full-year sales guidance after a stronger-than-expected second quarter.The Atlanta beverage giant said Monday that it now expects organic sales to grow between 9% and 10% this year, up from 8% to 9% previously.Revenue rose 3% to $12.4 billion for the April-June period. That was higher than Wall Street anticipated. Analysts polled by FactSet were expecting revenue of $11.8 billion.Earnings fell 5% to 56 cents per share. Adjusted for one-time items, including currency fluctuations, Coke earned 84 cents per share. That also beat Wall Street’s forecast of 81 cents.

Coca-Cola raises full-year sales guidance after stronger-than-expected second quarter

Iowa State

Moline, IL

The Associated Press

Deere & Co. is laying off nearly 600 workers as the farm equipment manufacturer deals with declining demand. Deere confirmed Monday that the production positions being cut are concentrated at two factories in Iowa and one at its home base in Moline, Illinois, where 280 employees will be laid off effective Aug. 30. A combined 310 workers will be let go at the Iowa locations.

Struggling with falling demand for farm equipment, Deere & Co. announces nearly 600 layoffs

The U.S. retail sector put up an impressive show in 2023 amid high inflation and borrowing costs. This year has, so far, been good as sales have grown at a decent pace. The Commerce Department reported last week that retail sales held steady in June, totaling $704.3 billion, following an upwardly revised 0.3% increase in May and ahead of analysts’ expectations of a decline of 0.3%.

3 Must-Buy Funds as Retail Sales Holds Steady in June

Anglo American said on Monday it has agreed to sell two royalty assets, including a De Beers-owned one related to the Onslow Iron project in Australia, to Taurus Funds Management for up to $195 million. Anglo had started a review of its assets in February and plans to divest less...

Anglo American to sell two assets to Taurus Funds for up to $195 million

APTV - Free Report) . Aptiv currently has an average brokerage recommendation (ABR) of 1.89, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 21 brokerage firms. An ABR of 1.89 approximates between Strong Buy and Buy.

Brokers Suggest Investing in Aptiv (APTV): Read This Before Placing a Bet

NewsBreak

Century Aluminum (CENX) Refinery Returns to Full Production

CENX - Free Report) recently announced that its Jamalco bauxite mining and alumina production joint venture has resumed full production following the recent hurricane Beryl in...

Century Aluminum (CENX) Refinery Returns to Full Production

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