Retail Flows Continue to Weaken for BlackRock’s Offerings
BlackRock’s (BLK) Retail business had assets under management (or AUM) of $564 billion on March 31, 2017. Its retail AUM made up 11% of its total AUM.
Gold (GLD) and silver were stable in the early hours amid terrorist attacks in Paris. Platinum and palladium are slightly weaker in the early hours.
Crude oil prices fell as low as 4% on Wednesday and reached the lowest levels in more than two weeks amid a rise in gasoline inventory levels.
Teck Resources has received a “buy” or equivalent rating from 79.0% of analysts polled by Thomson Reuters.
In TECK’s upcoming 1Q17 earnings call, the markets will be closely following management’s commentary on the zinc market.
Analysts expect Teck Resources (TECK) to post adjusted EBITDA of ~1.7 million Canadian dollars, or ~$1.2 million, in 1Q17.
While analysts expect Teck Resources’ 1Q17 revenues to rise steeply on a yearly basis, they expect revenues to fall compared to the sequential quarter.
Teck Resources (TECK), the Canadian-based (EWC) diversified miner (BHP), closed at $21.51 on April 18, 2017, falling 3.9% from the previous day’s close.
Most of the commodities are weaker in the early hours on April 18. After starting the week on a weaker note, crude oil prices continue to fall.
Along with the industry outlook, markets will be looking for some clarity on a few company-specific issues during Freeport’s 1Q17 earnings call.
Freeport expects to generate free cash flow of $2.5 billion this year. This guidance assumes copper to be $2.5 per pound and gold to be $1,200 per ounce.
Analysts expect Freeport to post EBITDA of ~$1.2 billion in 1Q17, as compared to its EBITDA of $873 million in 1Q16 and $1.7 billion in 4Q16.
Analysts expect Freeport-McMoRan (FCX) to post revenue of $3.6 billion in 1Q17 and $3.7 billion in 2Q17, as compared to ~$4.4 billion in 4Q16 and $3.5 billion in 1Q16.
Crude oil opened lower on Monday. Increased rigs are offsetting the signs of increased demand and supply cuts. Increased US oil rigs are weighing on prices.
After breaking a six-day gaining streak on Wednesday, crude oil prices opened lower on April 13 before regaining strength.
In this article, we’ll see how analysts are rating Glencore (GLNCY). Glencore releases only half-year and annual results.
In this article, we’ll see how analysts are rating Teck Resources (TECK) prior to its 1Q17 earnings release.
According to the NASDAQ website, Southern Copper (SCCO) is expected to release its 1Q17 earnings on May 1, 2017. Note that this is only a tentative date.
Freeport-McMoRan (FCX) is expected to release its 1Q17 earnings on April 25, 2017. In this article, we’ll see how analysts are rating the stock ahead of its 1Q17 earnings release.
In this article, we’ll look at Freeport’s consensus earnings estimates. Specifically, we’ll be looking at FCX’s 1Q17 revenue and EBITDA estimates.