Latest news with #S&P500
Yahoo
13 minutes ago
- Business
- Yahoo
Amerigo Resources (ARREF) Stock Declines While Market Improves: Some Information for Investors
In the latest trading session, Amerigo Resources (ARREF) closed at $1.56, marking a -3.69% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.52%. Elsewhere, the Dow saw an upswing of 1%, while the tech-heavy Nasdaq appreciated by 0.52%. Heading into today, shares of the copper and molybdenum mining company had gained 19.06% over the past month, outpacing the Basic Materials sector's gain of 4.06% and the S&P 500's gain of 5.95%. Investors will be eagerly watching for the performance of Amerigo Resources in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.05, indicating a 16.67% decline compared to the equivalent quarter last year. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.21 per share and revenue of $0 million, indicating changes of +75% and 0%, respectively, compared to the previous year. Investors should also take note of any recent adjustments to analyst estimates for Amerigo Resources. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Amerigo Resources presently features a Zacks Rank of #3 (Hold). Looking at valuation, Amerigo Resources is presently trading at a Forward P/E ratio of 7.69. This valuation marks a discount compared to its industry average Forward P/E of 24.02. Meanwhile, ARREF's PEG ratio is currently 0.38. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Mining - Non Ferrous industry held an average PEG ratio of 0.91. The Mining - Non Ferrous industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 149, finds itself in the bottom 40% echelons of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize to follow all of these stock-moving metrics, and more, in the coming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amerigo Resources Ltd. (ARREF) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
37 minutes ago
- Business
- Yahoo
What Tariffs? Nasdaq, S&P 500 Climb to Record Highs as Netflix, Disney Continue Huge Runs
The Great Tariff Panic of 2025 that gripped Wall Street in April? It appears in the rearview mirror now, with the S&P 500 and Nasdaq closing at new all-time highs on Friday. A number of prominent media and tech companies have been riding the wave to fresh highs as well, with Netflix increasing 1.26% and closing at a company-record $1,323.12 per share on Friday — a day after setting its previous high mark. The streaming heavyweight's stock price is up 54% since early April. Disney, Warner Bros. Discovery, Fox Corp. and Paramount all made minor gains on Friday, continuing recent climbs that started following Wall Street's April downturn. WBD and Disney's shares are up about 50% since early April, while Fox Corp. and Paramount have both made roughly 20% gains since then. The S&P 500 jumped 0.52% and closed Friday at 6,173, surpassing its previous all-time high of 6,144, which was set in February; the tech-heavy Nasdaq, meanwhile, posted an identical percentage increase and closed at 20,273, topping its record high that was set last December. Amazon and Alphabet, Google's parent company, each gained more than 2% on Friday, while Apple closed slightly higher. Apple has mostly rebounded to where it was before President Donald Trump announced his 'Liberation Day' tariffs in early April — a plan that initially rocked Wall Street and shaved more than $500 billion from Apple's market cap in the days following his announcement. 'We're going to have a booming stock market for a long time, because we're reinvesting in the United States of America,' Trump said on April 4. That was not the case, at least at first, when the S&P 500 and Nasdaq took its biggest hits since COVID smacked the markets in 2020. The S&P 500 is now up more than 20% and the Nasdaq has surged 32% since the day after Trump's tariff plan was announced. On Friday, Trump addressed the upcoming July 9 deadline on the pause he put on his stiffest tariffs, during a press conference in which he lauded the Supreme Court for limiting nationwide injunctions against executive orders. The president said he was not too concerned about the deadline when asked about it by one reporter. 'No, we can do whatever we want,' Trump said. 'We could extend it. We could make it shorter.' The post What Tariffs? Nasdaq, S&P 500 Climb to Record Highs as Netflix, Disney Continue Huge Runs appeared first on TheWrap. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Star
an hour ago
- Business
- The Star
S&P 500 and Nasdaq hit record closing highs
The Dow rose 432.43 points, or 1.00%, to 43,819.27, the S&P 500 gained 32.05 points, or 0.52%, to 6,173.07 and the Nasdaq gained 105.55 points, or 0.52%, to 20,273.46.
The Star
an hour ago
- Business
- The Star
Wall St Week Ahead: Jobs data, trade, fiscal policies in focus
NEW YORK: Investors who have been captivated by recent geopolitical events are poised to shift their attention in the coming week to key economic data and looming policy deadlines to see if the torrid rally in US stocks extends higher. The tech-heavy Nasdaq 100 tallied a record high this week while the benchmark S&P 500 moved to the cusp of an all-time peak. Easing tensions in the Middle East paved the way for the latest bump higher in stocks, as a conflict between Israel and Iran appeared to calm after missile strikes between the two nations had set the world on edge.
CNBC
an hour ago
- Business
- CNBC
Jim Cramer is not giving up on Apple. Here's why
CNBC's Jim Cramer on Friday told investors that he's still pulling for Apple, even as its stock lags behind the averages. "If Apple can shake off its current shroud of negativity — maybe they make nice with President Trump somehow — I could justify paying 35 times earnings for the stock," he said. "Which is why I'm simply not ready to give up on this one." Cramer said he understands the current lack of enthusiasm for the iPhone maker. President Donald Trump is slapping steep tariffs on China, where Apple does the majority of its manufacturing. Trump has also said the company would have to pay a tariff of 25% or more if it were to make smartphones anywhere outside the U.S. — thwarting Apple's plans to dodge the new regulations by moving manufacturing to India. Some analysts have said domestic manufacturing would raise the cost of an iPhone by at least 25%, with one estimating a U.S. iPhone could sell at $3,500. Apple's recent Worldwide Developers Conference didn't "yield anything groundbreaking," Cramer continued, especially related to artificial intelligence. The tech titan also gave "tepid" guidance when it reported earnings last month, he added, and some on Wall Street are concerned as litigation regarding the App Store continues. However, Cramer said he's willing to stick with the company despite this uncertainty. He said he has faith in CEO Tim Cook, adding that tough times for Apple in the past have always proven to be great buying opportunities in hindsight. He reviewed the stock's performance over the past several years, noting that it has rallied hard after hitting bottoms. Cramer also said it's important to avoid looking at Apple's price-to-earnings multiple in a vacuum, saying investors should factor in its earnings growth rate. Money managers will pay up for growth, he continued, and he said Apple is expected to put up 14% earnings growth in the current calendar year. Meanwhile, he added, the S&P 500 as a whole is set to grow at a 9.4% clip. "There's clearly a point where Apple's stock becomes too cheap to ignore, and recent history says that's around 25 times earnings…that means down about 20 points from here," Cramer said. "I certainly don't want to see it revisit that level….but if for some reason the stock gets clobbered, you know what, let's back up the truck at $180." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest The CNBC Investing Club Charitable Trust holds shares of Apple.
