Latest news with #DOW
Yahoo
2 days ago
- Business
- Yahoo
DOW Agrees to Divest 50% Ownership in DowAksa Joint Venture
Dow Inc. DOW signed an agreement to sell its 50% interest in DowAksa Advanced Composites Holdings BV (DowAksa) to the other 50% joint venture partner, Aksa Akrilik Kimya Sanayii A.S. The sale proceeds are estimated to be $125 million, which will be used to support DOW's balanced capital allocation approach. This reflects an enterprise value of around 10x the estimated 2025 operating EBITDA. The sale of the stake in the joint venture created in 2012 is expected to close in the third quarter of 2025. DOW's decision to exit is rooted in its best-owner mindset strategy of focusing on its core, high-value downstream businesses. DOW stock has lost 47.1% over the past year compared with the industry's 24.9% decline. Image Source: Zacks Investment Research Dow, on its first-quarter call, said that it remains committed to disciplined execution and increased actions to boost profitability and support cash flow. It continues to take actions to address heightened macroeconomic and geopolitical uncertainties. Dow has delayed the construction of the Fort Saskatchewan Path2Zero project amid the prevailing market conditions. Also, it is expanding the earlier announced review of European assets, mainly in polyurethanes, to address the challenging demand conditions and regulatory environment in the region. These new and earlier announced actions are expected to deliver roughly $6 billion in cash support. DOW currently carries a Zacks Rank #4 (Sell). Some better-ranked stocks in the Basic Materials space are Akzo Nobel N.V. AKZOY, Newmont Corporation NEM and Balchem Corporation BCPC. While AKZOY and NEM currently sport a Zacks Rank #1 (Strong Buy) each, BCPC 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 Akzo Nobel's current-year earnings is pegged at $1.64 per share, implying a 17.14% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing once. The Zacks Consensus Estimate for NEM's current-year earnings is pegged at $3.92 per share, indicating a 12.64% year-over-year earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with an average surprise of 32.41%. NEM's shares have gained 40.1% in the past year. The Zacks Consensus Estimate for BCPC's 2025 earnings is pegged at $5.15 per share, indicating a rise of 31% from year-ago levels. The company's earnings beat the consensus estimate in two of the trailing four quarters while missing the rest. Its shares have gained 8.8% in the past year. 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 Dow Inc. (DOW) : Free Stock Analysis Report Newmont Corporation (NEM) : Free Stock Analysis Report Akzo Nobel NV (AKZOY) : Free Stock Analysis Report Balchem Corporation (BCPC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
The Market Online
2 days ago
- Business
- The Market Online
Market Open: Pre-market sets pessimistic tone
TSX futures gave up ground on Tuesday, tracking U.S. markets amid growing pessimism about the lasting effects of President Trump's global tariffs. Market Numbers (Futures) TSX: Down (0.5%), 26,248.10. TSXV: Up (1.87%), 707.41. DOW: Down (0.22%), 42,286. NASDAQ: Down (0.10%), 21,533.75. FTSE: Down (0.10%), 8,784.91. In the Headlines: Prime Minister Mark Carney's first meeting with his ministers on June 2nd in Saskatoon was followed by the release of the federal government's framework for fast-tracking strategic infrastructure projects. The government intends to offer two-year approvals for projects ranging from critical minerals to ports, pipelines and nuclear energy. As countries around the world continue to shift from globalization to protectionism driven by Trump tariffs, the Organisation for Economic Co-operation and Development lowered its growth outlook for the global economy to 2.9 per cent in 2025 and 2026, down from March estimates of 3.1 and 3 per cent, respectively. Currency Update (Futures) The Canadian dollar fell to US$0.7277, down from US$0.7280 on Monday, while it gained on the Euro, rising from C$0.6373 to C$0.6393. At the time of writing, Bitcoin has given back 0.33% to C$144,719.38. Commodities (Futures) Natural Gas: Down (1.44%), US$3.31. WTI: Up (1.35%), US$63.30. Gold: Down (0.65%), US$3,375.20. Copper: Down (1.39%), US$4.76. To stay up-to-date on all of your market news head to Join the discussion: Find out what everybody's saying about the global market open on Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Business Standard
3 days ago
- Business
- Business Standard
US stocks see sliggish moves on Friday
DOW ends up around 4% for the month of May 2025 The US stocks ended on a sluggish note on Friday as trade concerns resurfaced after the US President Donald Trump accused China of violating the trade agreement reached last month. Economic cues were also in focus though the trading was largely mixed on the last trading day of the months. The Dow added 54.34 points or 0.13% to finish at 42,270.07, while the NASDAQ eased 62.11 points or 0.32% to close at 19,113.77. The S&P 500 index fell 0.48 points or 0.01% to end at 5,911.69. A closely watched report release by the Commerce Department showed consumer prices in the US crept slightly higher in the month of April. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1% in April after coming in unchanged in March. The annual rate of growth by the PCE price index slowed to 2.1% in April from 2.3% in March. Excluding prices for food and energy, the core PCE price index still crept up by 0.1% in April following a revised 0.1% uptick in March. The annual rate of growth by the core PCE price index eased to 2.5% in April from 2.7% in March. The soft US PCE reading weighed on the US dollar index and also pulled down the treasury yields. US stocks have mostly witnessed a steady uptick in recent times with the DOW clocking a gain of around 4% in May.
The Market Online
29-05-2025
- Business
- The Market Online
Market Open: Strong Bank Earnings Boost TSX
Futures tracking Canada's main stock index climbed Thursday, lifted by a U.S. court decision blocking Trump-era tariffs and a strong showing from the country's big banks. Market Numbers (Futures) TSX :Up ( 0.30%) 26,362.30 TSXV: Down (0.07%) 702.40 DOW: Up (0.20%) 42,258.00 NASDAQ: Up (1.25%) 21,644.75 FTSE: Up (0.8%) 8,733.79 In the Headlines Ontario will revise its mining bill to include Indigenous economic zones following backlash from First Nations. The province is responding to mounting legal and political pressure. And,Wall Street and financial markets around the world jumped after a U.S. court ruled that President Donald Trump is not authorized to impose sweeping tariffs on imports under an emergency-powers law. Currencies Update: (Futures) The Canadian dollar rises 0.17% to $0.7249 U.S., tipping up by 0.13% to $0.6414 to the Euro, and Bitcoin leaves behind 0.28% to $150,154.02 Commodities: (Futures) Natural Gas: Up (10.11%), 3.52 WTI: Up (.12%), 61.91 Gold: Up (0.74%), 3,313.53 Copper: Up (0.39%) 6.06 To stay up-to-date on all of your market news head to Join the discussion: Find out what everybody's saying check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here
Fox News
13-05-2025
- Business
- Fox News
'WE PROBABLY AVOIDED WICKED DISASTER': Charlie Gasparino Praises Trump's Tariff Pause
Charles Gasparino, FOX Business Senior Correspondent, New York Post columnist, and author of Go Woke, Go Broke: The Inside Story of the Radicalization of Corporate America , joined The Guy Benson Show today to break down a banner week for Trump's economy, and he highlighted falling inflation, a surging DOW, and a strategic pause on tariffs. Gasparino explained why the pause was necessary for economic stability and discussed Scott Bessent's bombshell revelation that Biden had ignored China's economic obligations. Benson and Gasparino also previewed new international trade deals expected to follow the UK agreement, signaling a broader global economic reset. Listen to the full interview below. Listen to the full interview below: Listen to the full podcast below:
