
Nasdaq Resumes Trading in Damon Inc.
For news and additional information about the company, please contact the company directly or check under the company's symbol using InfoQuotes SM on the Nasdaq ® Web site.
For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com.
NDAQO

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Globe and Mail
13 minutes ago
- Globe and Mail
Steel Dynamics to Acquire Remaining Stake in New Process Steel
Steel Dynamics, Inc. STLD has agreed to acquire the remaining 55% equity interest in New Process Steel, L.P. It has entered into a definitive agreement with New Process Steel for the transaction, which is subject to customary closing conditions and receipt of regulatory approvals. New Process Steel is a prominent metal and supply-chain solutions company, headquartered in Houston, TX, with an employee base of approximately 1,275 individuals. It has a long-standing relationship as a significant customer of Steel Dynamics and is currently the latter's single largest flat roll steel customer. New Process Steel's high-quality standards, along with a strong customer base, will benefit Steel Dynamics gain more exposure in value-added manufacturing solutions, while also focusing on its legacy flat rolled steel solutions. The strategic move will result in Steel Dynamics acquiring two manufacturing locations in Mexico and four in the United States, two of which are located at its Butler and Columbus Flat Roll Steel units. STLD stock has gained 12.4% over the past year against the industry 's 14.7% decline. The company expects trade uncertainties and tax impacts to mitigate. It remains hopeful that the interest rate environment will improve, unfairly traded imports will decline and the manufacturing sector will keep growing in the United States. As such, scenarios will directly support pricing and demand. Outlook remains positive. U.S. International Trade Commission's preliminary determinations on coated flat rolled steel are also poised to improve its operating platforms, although final determinations are yet to come out. STLD's Zacks Rank & Key Picks STLD currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Basic Materials space are CF Industries Holdings, Inc. CF, Nutrien Ltd. NTR and Carpenter Technology Corporation CRS. While CF and NTR currently sport a Zacks Rank #1 (Strong Buy) each, CRS carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for CF's current-year earnings is pegged at $7.65 per share, indicating a 13.5% year-over-year earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 25.29%. CF's shares have gained 7.3% in the past year. The Zacks Consensus Estimate for NTR's current-year earnings is pegged at $4.30 per share, implying a 23.92% year-over-year surge. Its earnings beat the Zacks Consensus Estimate in one of the trailing four quarters while missing the rest. Its shares have gained 24.2% in the past year. The Zacks Consensus Estimate for CRS' fiscal 2025 earnings is pegged at $9.36 per share, indicating a rise of 25.13% from year-ago levels. The company's earnings beat the consensus estimate in each of the trailing four quarters. Its shares have soared 69.1% in the past year. #1 Semiconductor Stock to Buy (Not NVDA) The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow. One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be. See This Stock Now for Free >> 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 Steel Dynamics, Inc. (STLD): Free Stock Analysis Report CF Industries Holdings, Inc. (CF): Free Stock Analysis Report Carpenter Technology Corporation (CRS): Free Stock Analysis Report Nutrien Ltd. (NTR): Free Stock Analysis Report


Globe and Mail
13 minutes ago
- Globe and Mail
Ketjen Introduces New Breakthrough Catalyst Technology that Effectively Mitigates the Effects of Iron Poisoning in FCC Units
Ketjen Corporation, a leader in catalyst and specialty chemicals manufacturing has launched SaFeGuard™, a new catalyst technology designed to address iron (Fe) poisoning in FCC units. In a recent 30-day full commercial trial, SaFeGuard™ demonstrated a 77% improvement in accessibility with a 50% inventory replacement enabling an increase in unit activity, improved bottoms cracking, and ability to process heavy iron-rich feedstocks. Further testing and predictive modeling suggest that a full 100% inventory changeout could yield up to a 130% increase in accessibility delivering additional improvement in performance. SaFeGuard™ delivers a step change in the contaminant Fe and calcium (Ca) tolerance window by minimizing the Eutectic formation, thereby keeping catalyst pores open. This enables higher activity levels and furthers bottoms cracking, ultimately uplifting profit margins. 'We've developed a powerful, safe and sustainable solution that addresses iron poisoning and will increase profitability for our customers by allowing for lower-cost feeds and more efficient operations,' said Ketjen's Chief Commercial Officer Henri Tausch. 'This new technology is the culmination of decades of research aimed at developing industry leading iron and calcium tolerant catalysis and illustrates our commitment to developing innovative solutions that support the evolving needs of our customers.' 'SaFeGuard™ is a great option for refiners who are taking advantage of opportunity crudes and even bio feeds because it is just as effective in combating additional contaminants including nickel, vanadium, calcium, sodium, and silicon,' said David Leach, Vice President and General Manager, FCC at Ketjen. 'It can be used to process iron-rich feedstocks including heavy, resid, tight oil and renewable feeds, and it's also great for units facing accessibility limitations because it requires less frequent catalyst replacement.' Ketjen's next generation SaFeGuard™ technology is currently available for use by refiners around the globe. Contact us to learn more about how you can unlock the full potential of your FCC unit. About Ketjen Ketjen is a provider of advanced catalyst solutions to leading producers in the petrochemical, refining and specialty chemicals industries. From fluidized catalytic cracking to clean fuels solutions to hydro-processing to organometallics and curatives, Ketjen delivers safe and reliable solutions that increase production performance and business value. A wholly owned subsidiary of Albemarle Corporation (NYSE: ALB), Ketjen Corporation is headquartered in Houston, Texas, and serves global customers through operations in 25 markets. For more information, visit


Globe and Mail
13 minutes ago
- Globe and Mail
Pre-Markets Mixed to Open the Session
Much like the past few days of trading, we're seeing some selling off in the Nasdaq, S&P 500 and small-cap Russell 2000 this morning, while the blue-chip Dow is narrowly holding onto hopes for a green open: the Dow is +10 points at this hour, +0.02%. The S&P 500 is -5 points, -0.09%, and the Nasdaq is -46 points, -0.20%. The Russell 2000 is -0.12% at this hour. Earnings Reports Ahead of Today's Open Aside from reporting Q2 earnings, big-box retailer Target TGT announced that it will replace its long-term CEO Brian Cornell with 20-year Target veteran Michael Fiddelke as of February of next year. Target reported mixed results this morning, missing by 4 cents on its bottom line with earnings of $2.05 per share on revenues of $25.21 billion in the quarter, +1.2% better than analysts were expecting. In Target's case, it may take some time before investors warm to this front-office shakeup: pre-market trading has sent down TGT shares more than -10% so far in early trading. This piles on to the -22% performance in the shares, year to date. The TJX Companies TJX, the parent of TJ Maxx, Marshall's and HomeGoods stores, outpaced expectations on both top and bottom lines. Earnings of $1.10 per share amounted to a +8.9% beat, while revenues of $14.4 billion surpassed the Zacks consensus by +2.33%. Shares are up +4% on the news so far this morning, adding onto the +11.4% gains year to date. Home improvement retailer Lowe's LOW outpaced earnings estimates by a solid dime in its Q2 report ahead of today's open to $4.33 per share. Revenues came in-line — officially a miss by a mere -0.01% to $23.96 billion in the quarter. Same-store sales turned around in the quarter, and shares are up +2.8% in pre-market trading. Cosmetics giant Estee Lauder EL posted a one-penny beat to +$0.09 per share in the company's fiscal Q4 report this morning, while revenues of $3.41 billion posted a modest beat of +0.27% over estimates. The company's outlook has not impressed investors this morning, however, as shares are down -5% on the news, giving back a quarter of its gains year to date. What to Expect After the Bell The World Economic Symposium at Jackson Hole, Wyoming begins today and goes through Friday. Today, we'll expect a speech from Fed Governor Chris Waller, one of the two dissenting voices at the July Federal Open Market Committee (FOMC) meeting, at this symposium. Atlanta Fed President Raphael Bostic — one of the nine votes to keep rates steady — will also deliver speeches both today and tomorrow, but not at Jackson Hole. What to Expect from the Stock Market This Week Fed Chair Jerome Powell will give a speech between FOMC meetings at the Jackson Hole symposium this Friday. Most analysts currently expect Powell to give a neutral outlook on whether or not the Fed will lower rates below their current 4.25-4.50% range where we've been all of 2025 so far. Likely he will point to upcoming PCE, BLS, CPI and PPI numbers scheduled to be released between now and the next Fed meeting in mid-September. #1 Semiconductor Stock to Buy (Not NVDA) The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow. One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be. See This Stock Now for Free >> 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 Target Corporation (TGT): Free Stock Analysis Report The TJX Companies, Inc. (TJX): Free Stock Analysis Report Lowe's Companies, Inc. (LOW): Free Stock Analysis Report The Estee Lauder Companies Inc. (EL): Free Stock Analysis Report