ADVFN US – Market Content Editor
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Latham Group shares climb after stronger-than-expected quarterly sales
Shares of Latham Group (NASDAQ:SWIM) surged 19.6% to $7.76 in premarket trading on Wednesday after the swimming pool manufacturer posted fourth-quarter results that came in ahead of analysts’ forecasts. The company reported that net sales for the quarter rose 14.5% compared with the same period a year earlier. Latham Group also highlighted particularly strong performance…
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Oil jumps as Middle East conflict raises supply concerns; Goldman upgrades outlook
Oil prices climbed sharply on Wednesday, extending strong gains from the previous two sessions as the escalating conflict involving the United States, Israel, and Iran heightened fears of disruptions to global crude supply. At 03:40 ET (08:40 GMT), Brent crude futures for May delivery were up 3.5% at $84.25 per barrel, while U.S. West Texas…
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Gold rebounds after sharp fall as Iran tensions revive safe-haven interest
Gold prices moved higher in Asian trading on Wednesday, recovering part of the steep losses recorded in the previous session as investors reconsidered demand for safe-haven assets amid escalating tensions between the United States and Iran and a surge in the U.S. dollar. Spot gold rose 1.2% to $5,150.63 per ounce as of 01:45 ET…
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Bitcoin Holds Near $68K as Trump Voices Support While Iran Tensions Weigh on Crypto
Bitcoin (COIN:BTCUSD) traded largely steady on Wednesday, drawing limited support after U.S. President Donald Trump called for stronger regulatory backing for the cryptocurrency sector. However, ongoing concerns surrounding the conflict between the United States and Iran — and the potential inflationary consequences of the situation — continued to weigh on digital assets, curbing momentum after…
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U.S. Futures Slip While Oil Climbs as Iran Conflict Intensifies — Key Market Drivers: Dow Jones, S&P, Nasdaq, Wall Street
Futures tied to major U.S. stock indices moved slightly lower as clashes between Iranian forces and a joint U.S.–Israeli campaign continued to escalate across the Middle East. Oil prices pushed higher as shipping activity through the Strait of Hormuz — a critical route for global oil and gas transport — has nearly come to a…
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Drones over Dubai! NEO Battery Materials is the hidden gem for the drone supercycle and more!
Current developments in the Middle East are showing the world, with depressing clarity, how much warfare has changed. Images over the weekend from Dubai, Qatar, and other major cities demonstrate the destructive potential of drones – precise, difficult to defend against, and often deployed with comparatively limited resources. It is evident that drones will not…
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U.S. Stocks Climb Well Off Worst Levels But Still Close Notably Lower
After another sell-off at the start of trading on Tuesday, stocks once again staged a recovery attempt but did have as much success as Monday and still ended the day notably lower. While the major averages climbed well off their worst levels of the day, they remained firmly in negative territory. The Dow ended the…
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Software Short Interest Hits Highest Level Since Financial Crisis, Deutsche Bank Warns
Short positioning in software stocks has climbed to levels not seen since the global financial crisis, according to a new note from Deutsche Bank, highlighting mounting bearish sentiment toward the sector. Analyst Parag Thatte said the recent selloff has left software shares trading “25% below their 200-day moving average,” describing the decline as “worse than…
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Roivant Secures FDA Priority Review for Dermatomyositis Treatment
Roivant Sciences Ltd (NASDAQ:ROIV) said Tuesday that the U.S. Food and Drug Administration has accepted its New Drug Application for brepocitinib in dermatomyositis and granted the filing priority review status. The application was submitted by Roivant’s subsidiary, Priovant. The FDA has set a Prescription Drug User Fee Act (PDUFA) target action date in the third…
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Medline Slips 4% as Private Equity Backers Launch 75M-Share Sale
Medline Industries Inc (NASDAQ:MDLN) shares fell 4.4% to $43.84 in premarket trading Tuesday after several major shareholders unveiled plans to sell a large block of stock in a secondary offering. The medical supply maker said 75 million shares will be offered by existing investors, including Blackstone Inc (NYSE:BX), Carlyle Group Inc (NASDAQ:CG), Hellman & Friedman,…