Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Gelion PLC (AIM:GELN) shares surged more than 35% higher in Wednesday's early deals as it struck a deal with mining and commodities major Glencore. A new joint development agreement (JDA) aims to advance the commercialization of Gelion's next-generation battery technologies.
Global commodities trader Glencore has won a tender to supply crude oil to Prax's 113,000-barrel per day Lindsey oil refinery in Britain, replacing rival trader Trafigura, three sources with knowledge of the deal told Reuters.
Deutsche Bank has updated its forecasts for copper prices and earnings estimates for companies in Europe and North America. Since early March, the price of the red metal has surged due to factors such as improving global economic growth, excitement surrounding artificial intelligence, and increased speculative trading.
Teck Resources Ltd (TSX:TECK.B)'s sale of its interest in EVR to Glencore marks its shift into a pure-play base metals miner, boosting its balance sheet strength and potential for capital returns, according to analysts who also see potential undervaluation in its shares. The move also positions the company favorably in terms of its organic growth pipeline, according to analysts.
A majority of Glencore investors have indicated they were satisfied with the commodities giant's plans to reduce carbon emissions, just as it gets closer to completing its acquisition of Teck Resources' steelmaking coal business.
Australia's northeastern state of Queensland has blocked a carbon capture and storage project proposed by commodities giant Glencore as it could irreversibly harm groundwater used by farmers, the state government said on Friday.
Glencore (GLNCY) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.