Latest news with #DOW
The Market Online
6 hours ago
- Business
- The Market Online
TSX futures post tariff-timid gains
TSX futures inched into the black before Thursday's market open lifted by positive earnings from tech giants Meta (NASDAQ:META) and Microsoft (NASDAQ:MSFT), as well as hope towards more trade deals meeting US President Trump's August 1st deadline for reciprocal tariffs, following South Korea's 15 per cent tariff, down from 25 per cent, finalized on Wednesday. This content has been prepared as part of a partnership with Meta Platforms Inc., Microsoft Corp. and TC Energy Corp., and is intended for informational purposes only. Market Numbers (Futures) TSX: Up (0.07%), 27,389.11. TSXV: Down (0.96%), 770.13 (from July 30). DOW: Up (0.15%), 44,736. NASDAQ: Up (0.48%), 23,776.25. FTSE: Up (0.65%), 9,179.19. US President Trump set new 50 per cent copper tariffs in motion for August 1st that exempt Canadian-made concentrate, anodes and cathodes, a catalyst that is likely to result in upward share-price pressure once the trading day gets underway for top names in the space. According to Natural Resources Canada, the US accounted for 52 per cent of Canadian copper exports in 2023. In other commodity news, North American natural gas leader TC Energy (TSX:TRP) posted robust Q2 2025 financial results, as highlighted by higher net income year-over-year, as well as a C$100 million increase in expected 2025 EBITDA to between C$10.8-C$11 billion, driven by C$8.5 billion in new capital projects entering into service this year. Currencies US: Down (0.09%), US$0.72. Euro: Down (0.21%), €0.632. GBP: Up (0.13%), £0.546. AUD: Down (0.07%), $1.121. JPY: Up (0.34%), ¥108.30. Bitcoin: Up (0.51%), US$118,438.30. (Conversion to C$1) Commodities Natural Gas: Up (0.13%), US$3.02. WTI: Down (0.84%), US$69.70. Gold: Up (0.91%), US$3,305.68. Copper: Down (0.2%), US$4.33. To stay up-to-date on all of your market news head to Join the discussion: Find out what everybody's saying about the market open for July 31, 2025, on Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
Yahoo
20 hours ago
- Business
- Yahoo
This High-Yield Dividend Stock Just Slashed Its Payout. Is It Time to Sell Now?
The global chemical industry is experiencing one of its longest slumps in decades. Oversupply, fierce competition, and sluggish demand are dampening profits across every major region, with production growth expected to reach only about 3% for the year. Cost pressures are also rising due to tariffs and expensive raw materials. In the middle of these tough conditions, July 24 marked a rough day for Dow (DOW), as the stock dropped 17.45%, its worst single-day slide in five years. This sharp drop followed the company's decision to halve its quarterly dividend, reducing it from $0.70 to $0.35 per share. More News from Barchart This Dividend Stock Yields 4.5% But Is Down 21% in 2025: Time to Buy? Analysts Say Buy These 3 Most Oversold Dividend Aristocrats Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. This big move came alongside a tough second-quarter loss of $0.42 per share, which was more than three times worse than what Wall Street had been expecting. Dow's shares are now trading near a 52-week low of $24.32, reflecting the pressure facing chemical makers across the world. Dow has long been seen as a reliable choice for steady dividends, but this latest move brings up an important question: Is this a needed reset for a struggling company that's now facing weaker earnings for longer, or does it point to bigger trouble ahead? Let's take a look. What Dow's Financials Reveal After the Cut Dow (DOW) is a leader in materials science, transforming raw materials into essential products used in packaging, infrastructure, and consumer goods. Over the past year, DOW's stock price has dropped 54.3% with a 39% loss just since the start of the year. Valuations have shot up as profits have slipped, with Dow's forward price-earnings ratio now at 108.9x, much higher than the industry's 16.31x average. Dow's most recent financial results lay out what's behind the sweeping dividend cut. Net sales fell 7% year-over-year to $10.1 billion and volume was down across most regions, while local prices also dropped in every segment. Softer revenue, squeezed margins, and heavy restructuring costs all added up to a GAAP net loss of $801 million and an operating EPS loss of $0.42. The cash flow story was just as tough, with operating cash flow from continuing operations turning negative and dropping $1.3 billion from last year. Where Does DOW Find Its Future Strength? Two examples of how Dow is trying to stay relevant are its goals of making plastic products more eco-friendly and its teaming up with others on recycling. One example is its work with Liby to use more recycled plastic in everyday goods, matching what buyers and brands want in packaging that's better for the environment. Dow has also rolled out the INNATE TF 220 Resin, which helps create strong, recyclable plastic films. Backing all this up is Dow's recent second agreement with PT Eterna Persada in Indonesia, aiming to boost the supply of quality recycled plastics and support recycling efforts in Asia. These steps support Dow's reputation for sustainability and could open new business in growing markets. Still, these plans are running into tough financial times. After years of paying a bigger dividend, Dow's board decided to cut the quarterly payout from $0.70 to $0.35 a share. That brought the annual yield down to 5.7%. Management made this move to save cash and keep the company flexible for whatever comes next, as shown by the $496 million in dividends paid in the second quarter. DOW's Road Ahead After the Fallout The outlook remains tough. Analysts expect the company to lose $0.21 per share for the current quarter, which is a sharp drop, down nearly 145% from the $0.47 earned a year ago. For all of 2025, estimates point to a loss of $0.51 per share, a steep fall from last year's $1.71 earnings. Even so, there are a few optimists on Wall Street. Frank J. Mitsch at Fermium Research recently moved Dow to a 'Buy' rating with a $35 price target after the first quarter of 2025. Mitsch thinks decisions to postpone certain key projects, along with planned asset sales and expected lawsuit payouts, should make it easier for Dow to keep paying its dividend through 2026. Most analysts, though, are staying cautious. Out of 19 surveyed, the general view is still 'Hold.' The average price target is $28.50, which means there's about 17% potential upside from it's current price. Conclusion Dow's dividend cut is a setback for income investors, but it's not a definitive warning sign. The company faces pressure from declining profits and a tough market, yet it is implementing cost controls and sustainability efforts. With analysts predicting some upside and a focus on balance-sheet strength, this is not a time for panic-selling. It's a situation to hold and see if Dow's strategy yields results. On the date of publication, Ebube Jones did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
The Market Online
a day ago
- Business
- The Market Online
TSX trends higher mulling rates and earnings
TSX futures moved into positive territory before the opening bell on Wednesday in anticipation of the Bank of Canada's interest rate decision. Consensus stands on a hold, given heightened uncertainty surrounding US trade and the potential fallout from higher-than-historical tariffs as deals with global partners become official. This content has been prepared as part of a partnership with Tamarack Valley Energy Ltd. and CGI Inc., and is intended for informational purposes only. Market Numbers (Futures) TSX: Up (0.2%), 27,594.95. TSXV: Down (1.5%), 777.58 (from July 29). DOW: Up (0.14%), 44,836. NASDAQ: Up (0.29%), 23,520. FTSE: Down (0.31%), 9,101.11. Tamarack Valley Energy (TSX:TVE) reported financial results for Q2 2025, featuring record production averaging 70,260 barrels of oil equivalent per day (boe/d), generating C$86.2 million in net income. The company increased production guidance by 3 per cent to 67,000 -69,000 boe/d for 2025 thanks to improving costs and capital efficiencies. Another notable earnings report came from CGI (TSX:GIB.A), the global IT and consulting firm, which posted fiscal Q3 2025 revenue of C$4.09 billion, up by 11 per cent year-over-year, and adjusted net earnings of C$470.1 million, up by 9.9 per cent year-over-year, driven by the company's end-to-end capabilities and growing role in fortifying clients with AI across industries. Currencies US: Down (0.17%), US$0.72. Euro: Up (0.17%), €0.630. GBP: Down (0.17%), £0.543. AUD: Up (0.32%), $1.118. JPY: Down (0.18%), ¥107.57. Bitcoin: Down (0.15%), US$117,758.10. (Conversion to C$1) Commodities Natural Gas: Up (0.20%), US$3.08. WTI: Up (0.03%), US$69.28. Gold: Up (0.04%), US$3,328.30. Copper: Up (0.06%), US$5.60. To stay up-to-date on all of your market news head to Join the discussion: Find out what everybody's saying about the market open for July 29, 2025, on Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
Techday NZ
2 days ago
- Business
- Techday NZ
Nasuni unveils dashboards for analytics & operational insights
Nasuni has launched File IQ Premium and Ops IQ, two dashboards designed to provide enterprises with advanced analytics and operational intelligence for their unstructured data and IT infrastructure. File IQ Premium offers analytics and discovery tools to help IT teams identify usage patterns, anomalies, and trends within file data. According to Nasuni, these capabilities enable smarter and faster decision-making for organisations facing increasingly complex data environments. Ops IQ, meanwhile, delivers real-time operational intelligence and awareness of system health across all edge appliances and volumes. Nasuni states that this service is available through the Nasuni Portal and does not require any extra deployment or overhead, streamlining operational control for IT departments. Customer feedback "File IQ's proactive alerts and reporting have given us the visibility we need to stay ahead of storage challenges and make faster, smarter decisions," said John Stachlewicz, Service Manager at DOW. "With Ops IQ, that same level of intelligence now extends to our infrastructure. Having real-time operational insights delivered through the Nasuni Portal - with no extra deployment or overhead - empowers our team to manage our environment more strategically. It's simplified, data-driven control at every level." The company notes that as organisations contend with securing, governing, and justifying large and growing data estates, both dashboards offer a unified intelligence layer that brings greater awareness and control across the file environment. File IQ Premium, in particular, is designed for deeper analytics, featuring tools such as AI-friendly data structuring, real-time alerts on user behaviour or file activity, and chargeback-ready cost controls. Additional capabilities include advanced metadata discovery to quickly locate files across global volumes and features aimed at accelerating service desk responses for faster recovery and reduced pressure on IT support teams. Operational insights Ops IQ provides interactive dashboards that offer visibility into resource utilisation, such as CPU, memory, and cache use. It also tracks data protection status and compliance with service level agreements, and is designed with zero-deployment architecture, operating as a fully managed service. The dashboard offers capacity insights, helping IT teams identify underutilised appliances and optimise total cost of ownership. "Unstructured data shows no sign of slowing down in the enterprise, so accelerating insights is mission-critical," said Nick Burling, Senior Vice President of Product at Nasuni. "File IQ and Ops IQ transform the file system from a silent repository into an active intelligence layer. We're giving our customers the visibility, autonomy, and AI readiness they need to thrive in the next generation of data-driven IT." The dashboards are positioned as core components of Nasuni's wider effort to expand its AI-powered data services, enabling customers to prepare curated file metadata for machine learning and artificial intelligence initiatives. Experiences from users "Nasuni File IQ Premium has transformed our file management by instantly identifying our most-accessed folders and alerting us to over-capacity issues before they become problems," said Glenn Kronick, Director of Information Technology-Network/Infrastructure at PMC. "When we faced a crisis with hundreds of mysteriously deleted files, File IQ Premium delivered the answers we needed - who, when, and why - in under 60 seconds, turning what could have been a nightmare into a quick resolution." File IQ Premium is now available via capacity-based licensing tiers, while Ops IQ is provided at no extra cost as part of the enhanced Nasuni Portal experience. According to Nasuni, the full suite of these intelligence dashboards aims to support enterprise customers seeking visibility and readiness for an AI-driven future. Follow us on: Share on:
The Market Online
2 days ago
- Business
- The Market Online
TSX advances despite tariff threat
TSX futures found their way higher in early Tuesday trading thanks to gains in oil and gold prices, as well as the potential for positive momentum should ongoing trade discussions between the US and China, entering their second day, result in a tenable deal. The US plans to impose reciprocal tariffs on its trade partners on August 1st. A deal with Canada has yet to be reached. This content has been prepared as part of a partnership with Union Pacific Corp., Norfolk Southern Corp. and Air Canada, and is intended for informational purposes only. Market Numbers (Futures) TSX: Up (0.5%), 27,542.4471. TSXV: Down (1.46%), 789.43 (from July 28). DOW: Up (0.19%), 45,093. NASDAQ: Up (0.33%), 23,586.25. FTSE: Up (0.80%), 9,132.26. Freight rail powerhouse Union Pacific (NYSE:UNP), the largest US railroad operator, intends to purchase Norfolk Southern (NYSE:NSC), a smaller competitor, for US$85 billion. The transaction would create the US's first coast-to-coast freight rail operator and would represent the largest buyout in industry history. In other transportation news, Air Canada (TSX:AC) posted profits of C$0.60 per share in Q2 2025, down from C$0.98 year-over-year, weighed down by falling traffic in the US market, with many travelers choosing to avoid the country because of ongoing tariff-based tensions. Currencies US: Down (0.28%), US$0.73. Euro: Up (0.21%), €0.629. GBP: Down (0.11%), £0.544. AUD: Up (0.08%), $1.117. JPY: Down (0.12%), ¥107.97. Bitcoin: Up (0.59%), US$118,704.70. (Conversion to C$1) Commodities Natural Gas: Up (0.92%), US$3.06. WTI: Down (0.21%), US$66.84. Gold: Up (0.06%), US$3,316.58. Copper: Up (0.01%), US$5.59. To stay up-to-date on all of your market news head to Join the discussion: Find out what everybody's saying about the market open for July 29, 2025, on Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
