Investing.com – Netherlands stocks were higher after the close on Thursday, as gains in the Basic Materials, Financials and Healthcare sectors led shares higher.
At the close in...
Investing.com – Netherlands stocks were higher after the close on Thursday, as gains in the Basic Materials, Financials and Healthcare sectors led shares higher.
At the close in Amsterdam, the AEX rose 0.13%.
The best performers of the session on the AEX were ArcelorMittal SA (AS:MT), which rose 6.63% or 2.00 points to trade at 32.17 at the close. Meanwhile, Randstad NV (AS:RAND) added 5.69% or 2.31 points to end at 42.91 and ING Groep NV (AS:INGA) was up 4.88% or 0.87 points to 18.75 in late trade.
The worst performers of the session were BE Semiconductor Industries NV (AS:BESI), which fell 4.89% or 5.20 points to trade at 101.05 at the close. ASM International NV (AS:ASMI) declined 4.80% or 23.00 points to end at 455.70 and Adyen NV (AS:ADYEN) was down 2.86% or 49.00 points to 1,662.60.
Rising stocks outnumbered declining ones on the Amsterdam Stock Exchange by 48 to 46 and 15 ended unchanged.
Shares in ArcelorMittal SA (AS:MT) rose to 3-years highs; up 6.63% or 2.00 to 32.17. Shares in ASM International NV (AS:ASMI) fell to 52-week lows; losing 4.80% or 23.00 to 455.70. Shares in ING Groep NV (AS:INGA) rose to 5-year highs; gaining 4.88% or 0.87 to 18.75.
The AEX Volatility, which measures the implied volatility of AEX options, was unchanged 0.00% to 21.09.
Crude oil for April delivery was down 0.98% or 0.65 to $65.66 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May fell 0.75% or 0.52 to hit $68.78 a barrel, while the April Gold Futures contract fell 0.06% or 1.76 to trade at $2,924.24 a troy ounce.
EUR/USD was unchanged 0.21% to 1.08, while EUR/GBP unchanged 0.26% to 0.84.
The US Dollar Index Futures was down 0.26% at 103.98.
Risk Warnings and Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
Add to Favorites
Share
European steel stocks leap on German spending plans
Investing.com -- Shares of European steelmakers, including Salzgitter (ETR:SZGG) AG (XETRA:SZG), Thyssenkrupp AG (ETR:TKAG) (XETRA:TKA), and ArcelorMittal SA ( AMS (VIE:AMS2):NYSE:MT), soared in Wednesday’s trading session, responding to a double dose of positive developments from Germany and China. Salzgitter AG led the pack with a 15.7% surge, while Thyssenkrupp AG and ArcelorMittal SA rose by 13.4% and 10.5%, respectively, and SSAB (STO:SSAB) climbed 5.8%.
The industry’s rally was primarily driven by Germany’s announcement of a significant increase in infrastructure and defense spending. Friedrich Merz, the chancellor-in-waiting, indicated on Tuesday that the government would be prepared to amend the constitution to remove fiscal spending limits on defense and security, adopting a "whatever it takes" approach to national defense. This news has been a catalyst for optimism in the market, as it implies a potential uptick in demand for steel in defense and infrastructure projects.
Adding to the positive sentiment, China pledged to cut its steel output, which could alleviate some of the oversupply issues in the market and support steel prices globally. The combination of these factors has led to a bullish outlook for the sector, reflected in the sharp price increases of European steel stocks.
The market movement suggests a consensus of approval from investors, who seem to be betting on the increased fiscal spending to translate into higher revenues for steel manufacturers. The dual announcement from Germany and China has provided a much-needed boost to the industry, which has faced challenges from overcapacity and environmental regulations in recent years.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Risk Warnings and Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
Add to Favorites
Share
ASM Gears Up to Report Q4 Earnings: What's in Store for the Stock?
Avino Silver ASM is anticipated to deliver a year-over-year decline in its bottom line despite higher revenues when it reports fourth-quarter 2024 results on March 11, after market close.
Find the latest earnings estimates and surprises on Zacks Earnings Calendar.
The Zacks Consensus Estimate for Avino Silver’s fourth-quarter revenues is $17.2 million, which indicates year-over-year growth of 37.3%. The consensus mark for earnings has remained unchanged over the past 60 days at one cent per share. It indicates a 50% decline from two cents per share reported in the fourth quarter of 2023.
Avino Silver’s Earnings Surprise History
Avino Silver’s bottom line beat the Zacks Consensus Estimate in each of the trailing four quarters. Over the same period, the company recorded an average earnings surprise of 75%.
Our proven model does not conclusively predict an earnings beat for Avino Silver this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, but that is not the case here.
Earnings ESP: The Earnings ESP for ASM is 0.00%. You can uncover the best stocks before they are reported with our Earnings ESP Filter.
Zacks Rank: Avino Silver currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Factors Likely to Have Shaped Avino Silver’s Q4 Performance
Last month, Avino Silver provided its fourth-quarter production update, which may show how it is likely to fare in the to-be-reported quarter. The company produced 283,794 ounces of silver in the fourth quarter, up 26% year over year.
Gold production was 2,560 ounces, 76% higher than the year-ago quarter, driven by improved feed grade. This marked Avino Silver’s highest gold production quarter in 2024. Copper output surged 35% year over year to 1,773,694 pounds.
Silver equivalent ounces were reported at 735,557, which marked a 32% jump from the year-ago quarter. The increase was driven by improved gold grades and increased mill throughput. ASM processed 181,733 tons in the quarter, a 26% increase year over year and marking the highest quarter in its history.
These higher production numbers, along with increased prices of gold, silver and copper seen through the fourth quarter, are expected to reflect on ASM’s top-line results.
Higher realized prices across all three metals and increased unit operating costs are expected to have led to improved cash operating margins in the quarter. However, this is likely to have been offset by elevated general and administrative expenses due to higher salaries and benefits. This reflects increased profit-sharing provisions for employees in Mexico from improved financial performance.
ASM Stock’s Price Performance
Avino Silver stock has gained 151.3% over the past year compared with the industry’s 60.5% growth.
Recent Earnings Performances of Avino Silver’s Peers
Hecla Mining Company HL reported fourth-quarter 2024 adjusted earnings per share of four cents, in line with the Zacks Consensus Estimate.
HL incurred a loss per share of four cents in the year-ago quarter. Hecla Mining’s revenues increased 55.4% year over year to $250 million. The top line beat the consensus estimate of $229 million.
Pan American Silver PAAS reported fourth-quarter 2024 earnings of 35 cents per share, in line with the Zacks Consensus Estimate. This compares with a loss of four cents per share in the year-ago quarter.
Pan American Silver’s revenues increased 22% year over year to $815.1 million, surpassing the consensus estimate of $805 million.
A Stock Likely to Deliver Earnings Beat
Here is a stock with the right combination of elements to post an earnings beat in its upcoming release.
Franco-Nevada Corporation FNV presently has an Earnings ESP of +1.23% and a Zacks Rank of 3. Franco-Nevada is anticipated to deliver a decline in earnings when it reports fourth-quarter results on March 10.
The Zacks Consensus Estimate for FNV’s quarterly earnings has moved down 3.3% in the past 60 days to 89 cents per share. The estimate indicates a 1% decline from the year-ago quarter.
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
Risk Warnings and Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
Add to Favorites
Share
Netherlands stocks lower at close of trade; AEX down 1.76%
Investing.com – Netherlands stocks were lower after the close on Tuesday, as losses in the Oil & Gas, Basic Materials and Technology sectors led shares lower.
At the close in Amsterdam, the AEX lost 1.76% to hit a new 1-month low.
The best performers of the session on the AEX were Koninklijke Ahold Delhaize NV (AS:AD), which rose 1.62% or 0.55 points to trade at 34.52 at the close. Meanwhile, Unilever PLC (AS:ULVR) added 1.46% or 0.80 points to end at 55.74 and Heineken (AS:HEIN) was up 1.29% or 1.04 points to 81.58 in late trade.
The worst performers of the session were ASM International NV (AS:ASMI), which fell 7.98% or 40.60 points to trade at 468.00 at the close. Aegon Ltd (AS:AEGN) declined 6.25% or 0.39 points to end at 5.79 and ArcelorMittal SA (AS:MT) was down 5.17% or 1.49 points to 27.31.
Falling stocks outnumbered advancing ones on the Amsterdam Stock Exchange by 79 to 21 and 9 ended unchanged.
Shares in ASM International NV (AS:ASMI) fell to 52-week lows; falling 7.98% or 40.60 to 468.00.
The AEX Volatility, which measures the implied volatility of AEX options, was unchanged 0.00% to 21.09.
Crude oil for April delivery was down 0.91% or 0.62 to $67.75 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May fell 1.47% or 1.05 to hit $70.57 a barrel, while the April Gold Futures contract rose 0.89% or 25.69 to trade at $2,926.79 a troy ounce.
EUR/USD was unchanged 0.43% to 1.05, while EUR/GBP unchanged 0.18% to 0.83.
The US Dollar Index Futures was down 0.52% at 106.11.
Risk Warnings and Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
Add to Favorites
Share
European auto stocks, banks slide amid trade war tensions
Investing.com -- European auto stocks, including Stellantis (NYSE:STLA), Mercedes-Benz (OTC:MBGAF) (OTC:DDAIF), BMW (ETR:BMWG) (ETR:BMW), and Volkswagen (ETR:VOWG_p) (ETR:VOW3), faced significant declines in today’s trading session. Stellantis shares fell by 4.5%, Mercedes-Benz by 5%, BMW by 5%, and Volkswagen by 4%. The downward trend extended to parts suppliers such as Forvia, which dropped 8%, Michelin (EPA:MICP) (EPA:ML) down 2%, Pirelli (BIT:PIRC) losing 5%, and Continental (ETR:CON) tumbling 8.5%.
These declines come amid escalating global trade tensions, as the US imposed tariffs on Canada and Mexico, and China retaliated with tariffs on US agricultural goods and a ban on exports to certain defense companies. This development has heightened concerns over the impact on international trade, particularly for sectors with significant exposure to the affected markets.
Spanish banks also felt the pressure, with BBVA (BME:BBVA) and Santander (BME:SAN) both dropping around 3%, reflecting their substantial exposure to the Mexican market, which is a significant source of their net revenue. German’s Deutsche Bank declined 3%.
The shipping industry, sensitive to changes in global trade dynamics, saw declines in major players such as Maersk (CPH:MAERSK) and Hapag-Lloyd (ETR:HLAG), which fell 3% and 3.5% respectively. Similarly, metals stocks experienced a slump, with Thyssenkrupp (ETR:TKAG) (ETR:TKA) down 3%, ArcelorMittal ( AMS (VIE:AMS2):NYSE:MT) 2%, and SSAB (STO:SSAB) 3%. The mining sector mirrored these losses, with Rio Tinto (LON:RIO) and Anglo American (LON:AAL) facing declines.
Overall, the market response to the intensifying trade war has been markedly negative, as investors weigh the potential impact on international commerce and corporate earnings. The auto sector, in particular, with its intricate global supply chains and reliance on cross-border trade, appears to be among the hardest hit in this latest escalation of trade tensions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Risk Warnings and Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
Add to Favorites
Share
Netherlands stocks higher at close of trade; AEX up 0.92%
Investing.com – Netherlands stocks were higher after the close on Monday, as gains in the Basic Materials, Financials and Technology sectors led shares higher.
At the close in Amsterdam, the AEX gained 0.92%.
The best performers of the session on the AEX were ArcelorMittal SA (AS:MT), which rose 4.96% or 1.36 points to trade at 28.80 at the close. Meanwhile, ING Groep NV (AS:INGA) added 3.49% or 0.60 points to end at 17.74 and Wolters Kluwer (AS:WLSNc) was up 1.83% or 2.70 points to 150.30 in late trade.
The worst performers of the session were Akzo Nobel NV (AS:AKZO), which fell 1.38% or 0.82 points to trade at 58.70 at the close. DSM Firmenich AG (AS:DSFIR) declined 0.92% or 0.95 points to end at 102.05 and ASM International NV (AS:ASMI) was down 0.90% or 4.60 points to 508.60.
Rising stocks outnumbered declining ones on the Amsterdam Stock Exchange by 57 to 36 and 17 ended unchanged.
Shares in ArcelorMittal SA (AS:MT) rose to 52-week highs; gaining 4.96% or 1.36 to 28.80. Shares in ING Groep NV (AS:INGA) rose to 5-year highs; up 3.49% or 0.60 to 17.74.
The AEX Volatility, which measures the implied volatility of AEX options, was unchanged 0.00% to 21.09.
Crude oil for April delivery was down 0.43% or 0.30 to $69.46 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May fell 0.21% or 0.15 to hit $72.66 a barrel, while the April Gold Futures contract rose 1.90% or 54.19 to trade at $2,902.69 a troy ounce.
EUR/USD was up 1.16% to 1.05, while EUR/GBP unchanged 0.13% to 0.83.
The US Dollar Index Futures was down 1.03% at 106.45.
Risk Warnings and Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
Add to Favorites
Share
Netherlands stocks lower at close of trade; AEX down 0.43%
Investing.com – Netherlands stocks were lower after the close on Friday, as losses in the Technology, Oil & Gas and Financials sectors led shares lower.
At the close in Amsterdam, the AEX fell 0.43%.
The best performers of the session on the AEX were Adyen NV (AS:ADYEN), which rose 2.53% or 43.00 points to trade at 1,741.20 at the close. Meanwhile, DSM Firmenich AG (AS:DSFIR) added 1.48% or 1.50 points to end at 103.00 and Unilever PLC (AS:ULVR) was up 0.71% or 0.38 points to 54.28 in late trade.
The worst performers of the session were ASML Holding NV (AS:ASML), which fell 2.93% or 20.50 points to trade at 678.60 at the close. Prosus (AS:PRX) declined 2.26% or 0.97 points to end at 41.99 and ASM International NV (AS:ASMI) was down 2.06% or 10.80 points to 513.20.
Falling stocks outnumbered advancing ones on the Amsterdam Stock Exchange by 63 to 34 and 10 ended unchanged.
The AEX Volatility, which measures the implied volatility of AEX options, was unchanged 0.00% to 21.09.
Crude oil for April delivery was down 0.90% or 0.63 to $69.72 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May fell 1.11% or 0.82 to hit $72.75 a barrel, while the April Gold Futures contract fell 1.24% or 35.99 to trade at $2,859.91 a troy ounce.
EUR/USD was unchanged 0.09% to 1.04, while EUR/GBP unchanged 0.13% to 0.83.
The US Dollar Index Futures was up 0.05% at 107.23.
Risk Warnings and Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
US
VN
TW
