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UBS analyst Jay Sole has raised the price target for Amer Sports from $27 to $37, maintaining a Buy rating. The firm is optimistic about the growth potential of the Arc’teryx brand and Amer's prospects in China, citing strong fundamentals and a recent debt reduction as key factors for expected EPS growth. UBS forecasts a 33% compound annual growth rate for EPS over the next four years.
Amer Sports, Inc., a Finland-based global group, encompasses renowned sports and outdoor brands such as Arcteryx, Salomon, and Wilson. The company specializes in developing, manufacturing, and distributing a wide range of sports and fitness equipment, catering to various activities including tennis, skiing, and cycling. With a worldwide operational footprint, Amer Sports serves retail customers through sporting goods chains, wholesalers, and e-commerce platforms.
Shares in Technology Minerals PLC surged 273% following its subsidiary Recyclus Group's offtake agreement with Glencore PLC for black mass, a material derived from spent lithium-ion batteries. This deal, starting with a 100-tonne trial, marks a significant milestone in the battery recycling market, supporting sustainable practices as demand for recycled materials grows amid the electrification shift. Glencore's broader strategy includes partnerships to enhance its battery recycling capabilities, reflecting the increasing competition and importance of securing critical metals from recycled sources.
Shares in Technology Minerals PLC surged 273% following its subsidiary Recyclus Group's offtake agreement with Glencore PLC for black mass, a material derived from spent lithium-ion batteries. This deal, starting with a 100-tonne trial, marks a significant milestone in the battery recycling market, supporting sustainable practices as demand for recycled materials grows amid the electrification shift. Glencore's broader strategy includes partnerships to enhance its battery recycling capabilities, reflecting the increasing competition and necessity for sustainable sourcing in the industry.
UBS has upgraded Metso Outotec Oyj to a Buy rating, raising the target price from EUR 11.70 to EUR 13.70. The company specializes in designing and maintaining equipment for the metallurgical and mining industries, with 75% of its net sales from mining and 25% from the aggregates sector. Geographically, its sales are distributed across various regions, with North and Central America accounting for 23.4% and Asia/Pacific for 20.1%.
El Salvador is set to revise its Bitcoin law, making its use voluntary, as it approaches a $1.3 billion IMF loan deal amid economic pressures. The country has partnered with Argentina to enhance crypto regulation in Latin America, aiming to share expertise and promote innovation in the sector. Despite the shift, El Salvador remains a significant Bitcoin holder, with 5,942 BTC valued at $600 million.
Bitwise predicts significant price surges for Bitcoin, Ethereum, and Solana by 2025, forecasting Bitcoin to reach $200,000, Ethereum $7,000, and Solana $750. The asset manager anticipates increased inflows from Bitcoin ETFs and a doubling of countries holding Bitcoin, alongside a wave of crypto IPOs in a favorable regulatory climate.
Agnico Eagle Mines Limited, a Canadian gold mining company, operates in Canada, Australia, Finland, and Mexico, with a diverse portfolio of exploration and development projects. Key operations include the Canadian Malartic complex, Detour Lake, and Fosterville, among others, while exploration sites span multiple regions, including Anza and Hope Bay/Oro. The Fosterville mine is noted for its low-cost, high-grade underground gold production.
Global stocks continue to rise, with the MSCI World index achieving its sixth consecutive all-time high, closing up 1.2% for the week and showing a 21.60% gain for 2024 so far. UBS CEO Sergio Ermotti warns that potential tariff increases and geopolitical tensions could heighten market volatility, advising clients to diversify amid the uncertain economic landscape. Despite these risks, he notes that inflation appears controlled and consumer resilience remains strong.
Marvell Technology Group Ltd focuses on designing and marketing integrated circuits for storage and transmission, serving various sectors. Their sales distribution includes data centers (40.2%), corporate networks (22.3%), telecom infrastructures (19.1%), consumer electronics (11.3%), and automotive/industrial (7.1%). Geographically, 43.1% of sales are in China, followed by the USA (14.4%) and other regions.
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