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Bitcoin mining stocks retreat amid broader market sell-off despite hot jobs data
Yahoo Finance· 2026-02-11 16:32
Market Overview - Bitcoin price fell below $67,000, impacting the cryptocurrency and bitcoin mining stock sectors as traders adjusted expectations for Federal Reserve interest rate cuts following a strong jobs report for January [1] - The U.S. Bureau of Labor Statistics reported a payroll increase of 130,000 in January, surpassing the consensus estimate of 55,000, with the unemployment rate dropping to 4.3%, indicating a strong labor market that may lead to prolonged restrictive policies by the central bank [1] Company Performance - TeraWulf (NASDAQ: WULF) experienced a decline of 7.28%, reaching a morning low of $15.42, despite announcing the acquisition of industrial sites in Kentucky and Maryland to double its power capacity [3] - Cipher Mining (NASDAQ: CIFR) shares fell 6.67% to $15.96, even after pricing a $2 billion note offering for its "Black Pearl" data center in Texas, which was six times oversubscribed [4] - IREN (NASDAQ: IREN) dropped 5.94% to $40.38, continuing a downward trend after reporting a 23% decline in quarterly revenue, leading JPMorgan to maintain an "underweight" rating due to funding concerns [5] - Applied Digital (NASDAQ: APLD) fell 5.82% to $35.29, pulling back after a strong January performance where it gained 55% as an AI/HPC pure-play [5] - CleanSpark (NASDAQ: CLSK) traded down 3.69% to $9.66, despite an 11.6% revenue increase to $181.2 million and securing 890 MW of additional power capacity, unable to counter the sector-wide negative trend [6] - Hut 8 (NASDAQ: HUT) declined 4.90% to $52.21, awaiting zoning approval for a $5 billion data center project in Illinois [6] - Galaxy Digital (TSX: GLXY) fell 3.45% to $20.46 after reporting a fourth-quarter loss of $482 million due to lower cryptocurrency prices [7] - HIVE Digital (NASDAQ: HIVE) dropped 3.48% to $2.22, despite a 191% increase in monthly bitcoin production in January [7]
Agnico Eagle Stock Rallies 26% in 3 Months: What Should Investors Do?
ZACKS· 2026-02-11 14:15
Core Viewpoint - Agnico Eagle Mines Limited (AEM) has experienced a 26.1% increase in share price over the past three months, driven by record gold prices and strong earnings performance [1][6]. Group 1: Stock Performance - AEM's share price increase of 26.1% is below the Zacks Mining – Gold industry's rise of 29.9% but exceeds the S&P 500's increase of 2.3% [2]. - AEM has been trading above the 200-day simple moving average (SMA) since March 4, 2024, indicating a long-term uptrend [3]. Group 2: Project Advancements - AEM is advancing key projects such as Odyssey, Hope Bay, and Detour Lake to enhance future production and cash flows [6][9]. - The Hope Bay Project has proven and probable mineral reserves of 3.4 million ounces, expected to significantly contribute to cash flow [10]. - AEM is transitioning to underground mining at Canadian Malartic and exploring opportunities to increase annual production [10]. Group 3: Financial Health - AEM reported operating cash flow of approximately $1.8 billion in the third quarter, a 67% increase year-over-year [13]. - The company achieved third-quarter free cash flow of around $1.2 billion, nearly doubling the previous year's figure of $620 million [14]. - AEM ended the third quarter with a net cash position of nearly $2.2 billion and returned about $350 million to shareholders [15]. Group 4: Gold Price Dynamics - Gold prices surged approximately 65% in 2025, influenced by trade tensions and central bank purchases, which are expected to enhance AEM's profitability [16][18]. - Recent geopolitical tensions and macroeconomic uncertainties have driven gold prices to record levels, with prices reaching nearly $5,600 per ounce [17]. Group 5: Cost Structure - AEM's total cash costs per ounce for gold were $994 in the third quarter, an 8% increase from the previous year [20]. - The company forecasts total cash costs per ounce between $915 and $965 for 2025, indicating a potential year-over-year increase [21]. Group 6: Earnings Estimates - The Zacks Consensus Estimate for AEM's 2025 earnings is $8.13, reflecting a year-over-year growth of 92.2% [22]. - Earnings are projected to grow approximately 50.5% in 2026 [22]. Group 7: Valuation - AEM is currently trading at a forward 12-month earnings multiple of 17.45, a 22.5% premium to the peer group average of 14.24X [23].
Gold rebounds more than 3% after sharp selloff
The Economic Times· 2026-02-03 02:04
FUNDAMENTALSSpot gold climbed 3.7% to $4,837.16 per ounce by 0120 GMT, after touching a near one-month low in the previous session. Bullion scaled a record high of $5,594.82 on Thursday.U.S. gold futures for April delivery climbed 4.5% to $4,859.30 per ounce.The U.S. Bureau of Labor Statistics said on Monday the closely watched employment report for January will not be released this Friday because of a partial shutdown of the federal government.Live EventsThe government partially shut down on Saturday a ...
Don't Make This Costly CD Mistake at Maturity—Try These 4 Smarter Alternatives
Investopedia· 2026-01-22 13:04
Core Insights - The article emphasizes the importance of taking action when a certificate of deposit (CD) nears its maturity date to avoid automatic rollovers that can lead to lower interest rates and longer commitment periods [2][3][4][5]. Group 1: Risks of Automatic Rollovers - Automatic rollovers can limit choices and often result in lower interest rates, as banks typically offer only one rollover CD with subpar returns [3]. - A rollover CD effectively doubles the commitment period, which may not align with financial goals and can incur early withdrawal penalties if funds are needed before maturity [4]. Group 2: Strategic Steps Before Maturity - Step 1: Consider whether to open a new CD or keep funds flexible; high-yield savings accounts currently offer up to 5.00% APY, providing better accessibility [6][7]. - Step 2: Compare rollover offers with today's best CDs to ensure the best rate and flexibility; missing the deadline for decision-making can lock funds into a low-rate CD for an extended period [10][11]. - Step 3: Follow instructions from the bank to avoid automatic renewal; transferring funds to a savings account can maintain flexibility [13][14]. - Step 4: Plan ahead to maximize returns by locking in the best rates available before expected interest rate declines [16][17]. Group 3: Market Context - Financial markets are pricing in a 70% chance of the Federal Reserve cutting rates by at least half a percentage point by the end of 2026, which could affect future CD rates [9].
Global Markets See Weekly Declines Amid Q4 Earnings and Rising Geopolitical Tensions
Stock Market News· 2026-01-18 08:40
Global Equity Markets - Major global stock indices closed the week lower, with the Dow Jones Industrial Average (DJIA) falling 0.54% to 49087, NASDAQ Composite (IXIC) dropping 0.82% to 25319, and S&P 500 (SPX) declining 0.38% [2][8] - European markets mirrored this trend, with Germany's DAX falling 0.97% to 25077, FTSE 100 dropping 0.83% to 10171, and Hang Seng Index shedding 0.61% to 26469 [3][8] - Despite solid earnings from major banks, investor sentiment was affected by diminishing expectations for Federal Reserve interest rate cuts, with the probability of a 25-basis-point cut in March easing to 23% from 30% [2][8] Commodities Market - Commodities saw gains, with Gold (XAU) rising 0.55% to $4623 and US Oil (CL=F) increasing 0.64% to $5964, driven by softer U.S. inflation data and ongoing geopolitical tensions [4][8] - The EUR/USD currency pair experienced a slight dip of 0.18% to 11577 [4] Geopolitical Developments - The Syrian army announced control over the Koniko natural gas field, a significant energy asset previously capable of producing up to 13 million cubic meters of natural gas per day, following the withdrawal of US forces [5][8] - The European Union warned of a "dangerous downward spiral" in transatlantic trade relations due to former President Trump's proposed tariffs on European countries, starting at 10% from February 1st and potentially rising to 25% in June [6][7][8] Turkey's Honey Industry - Turkey's honey industry is facing severe pressure from fake honey products, leading to intense price competition, with fake honey selling for approximately EUR1.60 per kilogram compared to authentic honey reaching up to EUR8 per kilogram [9][10] - Authorities have seized 8,150 tons of glucose, fructose, and sugar used in counterfeit production, along with 100,000 fake honey labels, highlighting the industry's struggle with reputation and quality [10] Japan's Nuclear Energy Policy - Japan is moving forward with the restart of its nuclear power plants, including the Kashiwazaki-Kariwa plant, aiming for nuclear power to account for 20% of its energy supply by 2041 [11] - This shift in energy policy follows substantial safety upgrades and a 1.2 trillion yen investment by TEPCO [11]
Market Minute 1-13-26- Amid Fed Blowback, Inflation Tame ish
Yahoo Finance· 2026-01-13 14:15
分组1 - The Consumer Price Index (CPI) rose by 0.3% on the headline and 0.2% on the core in December, with year-over-year increases of 2.7% overall and 2.6% excluding food and energy, indicating potential Federal Reserve interest rate cuts in 2026 [2][3] - JPMorgan Chase & Co. reported Q4 earnings of $14.7 billion, or $5.23 per share, slightly beating forecasts, with trading revenue at $8.24 billion exceeding estimates, while investment banking fee income missed targets [4] - Delta Air Lines Inc. reported adjusted earnings per share of $1.55, slightly above the $1.53 forecast, but revenue missed targets, leading to a dip in stock despite positive commentary from the CEO about a strong start to 2026 [5] 分组2 - The Q4 earnings season is ramping up in Corporate America, with major companies like JPMorgan and Delta reporting results [4][5] - There is ongoing tension between the White House and the Federal Reserve, with global central banks publicly supporting Fed Chair Jay Powell amid concerns over economic and political ramifications [3] - Stock market performance showed a bounce back, suggesting investor anticipation of a resolution to the ongoing tensions [3]
How we navigated the market’s winning week amid Trump's Truth Social surprises
CNBC· 2026-01-10 19:13
Market Overview - Wall Street experienced a strong first full trading week of 2026, with the S&P 500 reaching a record high close on Friday, gaining 1.6% for the week [1] - The Nasdaq advanced nearly 2% but did not reach its record high [1] Economic Indicators - The U.S. nonfarm payrolls increased by 50,000 in December, falling short of the forecasted 73,000, which supports the case for more Federal Reserve interest rate cuts [1] Company-Specific Developments - BlackRock shares were offloaded as the financial name saw a jump since the start of the year, capitalizing on its strength [1] - Nvidia's stock declined over 2% despite positive developments, including bullish remarks from CEO Jensen Huang and a larger sales guide for 2025 and 2026 [1] - CrowdStrike's stock fell more than 3% after announcing a $740 million acquisition of identity management startup SGNL, although the stock rose nearly 3.8% for the week overall [1] Strategic Insights - Jim Cramer advised against making sudden moves in the market, noting that the first weeks of the year often display "strange patterns" [1] - The acquisition by CrowdStrike is seen as a significant opportunity to disrupt the identity security market, which is rapidly growing due to increasing online threats [1]
The Costly CD Mistake To Avoid at Maturity—And 4 Smarter Moves To Make Instead
Investopedia· 2025-12-24 21:00
Core Insights - The article emphasizes the importance of taking action when a certificate of deposit (CD) is nearing its maturity date to avoid automatic rollovers that can lead to lower interest rates and longer commitment periods [2][3][4][5]. Group 1: Risks of Automatic Rollovers - Automatic rollovers can limit choices and often result in subpar returns, as banks typically offer only one rollover CD with a lower interest rate [3]. - A rollover CD effectively doubles the commitment period, which may not align with financial goals, and early withdrawal penalties can apply if funds are needed before the term ends [4]. Group 2: Strategic Steps Before Maturity - Step 1: Consider whether to open a new CD or keep funds flexible; high-yield savings accounts currently offer up to 5.00% APY, providing better accessibility [6][7]. - Step 2: Compare rollover offers with today's best CDs to ensure the best rate and flexibility; missing the deadline for decision-making can lock funds into a low-rate CD for an extended period [10][11]. - Step 3: Follow instructions from the bank to avoid automatic renewal; transferring funds to a savings account can maintain flexibility [13][14]. - Step 4: Plan ahead to maximize returns by locking in the best rates available before expected interest rate declines [16][17]. Group 3: Market Outlook - The Federal Reserve is anticipated to cut interest rates, with a 70% chance of at least a half percentage point reduction by the end of 2026, which may affect savings account rates [9].
Investors Hope the Santa Rally Is Hitching Up Its Reindeer
Yahoo Finance· 2025-12-22 05:01
Core Viewpoint - The potential for a Santa Claus rally in the stock market is emerging as investors are concerned about a challenging December, with historical data suggesting a positive trend during this period [1][2]. Group 1: Santa Claus Rally - The Santa Claus rally typically occurs during the last five trading days of December and the first two trading days of January, with the S&P 500 averaging a gain of 1.3% during this seven-day period since 1950 [2]. - Citadel Securities data indicates that the S&P 500 has gained 75% of the time in the last two weeks of December, also averaging a 1.3% increase [2]. Group 2: Market Trends and Predictions - The S&P 500 has experienced a 16.2% increase in 2025, with banks forecasting further gains and strong corporate earnings in 2026 [4]. - Recent Labor Department data suggested easing inflation in November, which may lead to more interest rate cuts by the Federal Reserve, positively impacting the tech sector [4]. - The Roundhill Magnificent Seven ETF, which tracks top-performing tech megacaps, rose by 0.8% on a recent Friday, indicating renewed interest in the tech industry [4]. Group 3: December Performance Insights - A four-day losing streak temporarily placed the S&P 500 in negative territory for December, but it rebounded with a 0.8% gain on Thursday and a 0.9% gain on Friday [6]. - Goldman Sachs analysts noted that the holiday rally tends to be significantly positive, with the S&P's mean return for December since 1928 being 1.98%, and from December 18 to 31, it has been 1.77% [6].
Stock Market Today: Futures Edge Higher Amid Tech Optimism and Key Earnings Reports
Stock Market News· 2025-12-09 14:07
Core Viewpoint - U.S. stock futures are showing modest gains driven by optimism in the technology sector and anticipation of Federal Reserve policy changes [1][6] Premarket Trading and Futures Movements - S&P 500 E-mini Futures are trading around 6,860.00 USD, up approximately 0.09% [2] - Dow Jones Industrial Average Futures are fluctuating between 47,767.00 and 47,799.00, with a minor decline of about 0.05% to 0.58% [2] - Nasdaq 100 E-mini Futures are around 25,658.25 to 25,659.25, down approximately 0.02% to 0.10% [2] Significant Stock Movements - AlphaTime Acquisition Corp (ATMC) surged over 560%, Exicure Inc. (XCUR) increased more than 65%, and AlphaVest Acquisition Corp (ATMV) gained over 40% [3] - Other notable movers include Alexander & Baldwin Inc. (ALEX), Vor Biopharma Inc. (VOR), and Designer Brands Inc. (DBI), all showing considerable upward momentum [3] Major Market Indexes Performance - The S&P 500 Index closed at a 5-week high, Nasdaq 100 Index reached a 1-month high, and Dow Jones Industrial Average hit a 3-week high [4] - The technology sector, particularly semiconductor stocks, has been a significant driver of these gains [4] Upcoming Market Events - U.S. Bureau of Labor Statistics will release revised Productivity & Costs data [5] - The release of the U.S. October Producer Price Index (PPI) data has been delayed until January 14, 2026 [5] - The Reserve Bank of Australia is expected to announce its Interest Rate Decision, influencing global market sentiment [5] Federal Reserve's Monetary Policy - The next Federal Open Market Committee (FOMC) meeting is scheduled for December 18, 2025, with market participants analyzing signals for future rate adjustments [6] Corporate Earnings Reports - Companies such as TH International, Arqit Quantum, and Designer Brands are expected to release quarterly results [7] - Campbell's Company reported a 3% decrease in net sales and a 13% decline in adjusted EPS, while reaffirming its full-year guidance [7] Major Stock News and Developments - Nvidia (NVDA) has received clearance for chip sales to China, contributing to positive sentiment in the technology sector [8] - Alphabet's Google (GOOGL) is facing an EU antitrust probe, leading to a decline in its shares by -2.2862% [9] - Tesla (TSLA) and Netflix (NFLX) also experienced declines of -3.389% and -3.4118%, respectively, while Microsoft (MSFT) gained +1.6268% [10] Other Notable Developments - WPP secured a major government contract worth approximately £2 billion, highlighting the impact of large contract wins on company valuations [11]