Barclays Takes Cautious Stance on Building Products as Ferguson Prepares Q4 Report
Barclays raises price target on Ferguson (FERG) ahead of earnings, but advises selectivity in the building products sector amid mixed demand and policy uncertainty.
Barclays raises price target on Ferguson (FERG) ahead of earnings, but advises selectivity in the building products sector amid mixed demand and policy uncertainty.
The home goods giant is expanding beyond retail shelves, acquiring Tokens.com to build a blockchain-powered platform aimed at revolutionizing real estate and asset financing for homeowners.
In a move to diversify critical mineral sources, REalloys and Kazakhstan's AltynGroup have inked preliminary agreements to develop rare earth feedstock from Kazakh deposits for processing in the U.S., challenging China's dominance in the sector.
Analysts show cautious optimism for PPG Industries after its latest earnings, with Bernstein raising its price target despite an EPS miss, highlighting strong revenue performance and segment growth.
Beyond zoning, a labyrinth of construction rules and fire safety mandates treats apartments as commercial hazards, driving up costs and deepening the U.S. housing shortage. Reform advocates are pushing back against a century of bias embedded in policy.
Vishay Intertechnology (NYSE: VSH) reported stronger-than-anticipated fourth-quarter sales, driven by robust demand in industrial and AI-adjacent power markets. While profit met expectations, elevated inventory levels and a mixed long-term growth record present a nuanced picture for investors.
Avery Dennison (NYSE: AVY) reported fourth-quarter revenue of $2.27 billion, a 3.9% year-over-year increase that fell short of Wall Street expectations. However, adjusted earnings per share of $2.45 surpassed consensus estimates by 2.9%, highlighting a quarter of resilient profitability amid challenging market conditions.
Kennametal (KMT) delivered a surprise fourth-quarter performance, with sales and profit significantly exceeding analyst forecasts. The industrial tools maker also provided an optimistic revenue guidance for the coming quarter, signaling confidence in sustained demand across its key end markets.
Albanian authorities have apprehended 20 individuals linked to a sophisticated network accused of illegally shipping hazardous steel waste to Thailand under false customs declarations, with warrants still out for 13 others including foreign nationals.
In a move to reduce Western reliance on Chinese processing, REAlloys has secured a pivotal 10-year agreement with Kazakhstan's AltynGroup. The deal aims to funnel Central Asian rare earths directly into North American manufacturing, creating a new supply chain for critical defense and tech metals.
The Duke of York has reportedly vacated his long-time Windsor home as newly unsealed court documents fuel fresh allegations concerning his association with the late financier Jeffrey Epstein, placing the royal family under intensified public pressure.
New data from the luxury watch marketplace reveals a decisive pivot among collectors towards refined aesthetics and classic design, signaling a cooling of speculative frenzy and the return of the connoisseur.
Chinese President Xi Jinping and Russian President Vladimir Putin held a high-level video conference, emphasizing the stabilizing role of their deepening alliance amidst ongoing global tensions and as the conflict in Ukraine approaches its fourth year.
Following the unredacted disclosure of victims' identities in the Epstein documents, The Wall Street Journal's editorial board has sharply criticized Congress's handling of the release and called for lawmakers to apologize, while highlighting broader failures in the pursuit of justice.
A powerful shift from high-flying growth stocks to long-neglected value shares is gaining momentum on Wall Street, with the Russell 1000 Value Index hitting record highs. While strategists see room for the rally to run, the scale of the rotation evokes cautious memories of the 2001 tech bust.
Shares of micro-cap California Nanotechnologies Corp. (CVE:CNO) have been on a rollercoaster. With the stock trading significantly below its calculated intrinsic value and strong profit growth projected, analysts debate if this volatility presents a buying opportunity or signals underlying risks.
Packaging solutions provider FirmaPak has acquired Ontario-based Easy Plastic Containers Corp., marking its strategic expansion into Canada and strengthening its capabilities in sectors like pharmaceuticals and personal care.
Secretary of State Marco Rubio hosts officials from dozens of nations in Washington to forge alliances on securing critical mineral supply chains, with a new $12 billion stockpile initiative at the heart of the U.S. strategy.
Asian software shares fell sharply, mirroring a global downturn fueled by investor fears that artificial intelligence could rapidly render traditional business models obsolete. The sell-off was most pronounced among SaaS firms, while regional hardware and chipmakers showed resilience.
Industry leaders are urging Australian governments to harmonize fragmented packaging regulations, arguing that a unified national approach is essential to boost recycling, support local reprocessing, and meet sustainability targets.