In blow to U.S. miners, Biden to look abroad for EV metals - Reuters May 25, 2021 2:38 PM ETALB, FCX.. President Biden willrely on Canada, Australia, Brazil and other countriesto produce most of the raw materials neededto build electric vehicles and focus on processing them domestically into battery parts, part of a strategy designed to placate environmentalists, Reuters reports. U.S. miners had hoped Biden would rely primarily on domestically sourced metals, but the Biden administration reportedly wants to focus on higher-value jobs that involve turning those minerals into computer chips and batteries. Biden officials want to ensure that U.S. electric vehicle aspirations are not imperiled by permitting holdups for domestic mines, according to the report. Potentially relevant lithium mining tickers include ALB,LTHM,SQM,LAC. Something about ROBLOX stinks. You have the Pervy old folks lurking & now this- Roblox accused of ripping kids off with bogus purchases, Bloomberg reports 09:28 RBLX Roblox has been accused of ripping off users, mostly children, of its gaming platform by selling them in-game items and later deleting them without reimbursement, Bloomberg's Robert Burnson reports. A proposed class-action lawsuit filed by a Michigan girl, identified as Jane Doe, and her father, claims the girl bought "numerous" objects in the Avatar Shop, "with the understanding that the items would remain in her inventory and be usable on the platform," but several of her purchases were deleted by Roblox "without warning or explanation," according to the report.
Ingevity to host business news update conference call » 09:29 NGVT Jesus --Mondelez to acquire snacking company Chipita for $2B » 09:14 MDLZ 2B for Chipta? WTF... What can Utz be worth? Hummmmmmmmm.
It worked last year because everyone was home and buying equipment... I bought a volley ball net. Will it work again?- probably. Dick is strong! Baird sees 'plenty' in Dick's Sporting 'home run results' to take shares higher 09:06 DKS Baird analyst Peter Benedict said Dick's Sporting Goods reported "home run results" that included EPS that "blew past expectations" and "unprecedented comp growth" of 115% that far outpaced consensus estimates. The analyst, who also notes that the company's FY21 adjusted EPS guidance was raised by greater than 70% to a new range that is about 30% above his prior forecast and about 50% above the Street, said he sees "plenty here to take shares higher today." Ahead of the company's earnings call, Benedict has a Neutral rating and $90 price target on Dick's shares. DKS-$ 84.50
Zscaler price target raised to $245 from $240 at Needham » 08:51 ZS Needham analyst Alex… Belgian suspends J&J Covid vaccine for people under age 41 08:50 JNJ The Belgian government said it is suspending Johnson & Johnson's COVID-19 vaccine for people under the age of 41 following the death of an under 40 year-old woman who suffered from severe thrombosis and platelet deficiency. "The Inter-ministerial conference has decided to temporarily administer Janssen's vaccine to the general population from the age of 41 years, pending a more detailed benefit-risk analysis by the EMA," Belgian health ministers said in a statement. This stock is down. After a pure as hell report. Bad sign for market (tech)
Belgian suspends J&J Covid vaccine for people under age 41 08:50 JNJ The Belgian government said it is suspending Johnson & Johnson's COVID-19 vaccine for people under the age of 41 following the death of an under 40 year-old woman who suffered from severe thrombosis and platelet deficiency. "The Inter-ministerial conference has decided to temporarily administer Janssen's vaccine to the general population from the age of 41 years, pending a more detailed benefit-risk analysis by the EMA," Belgian health ministers said in a statement.
The AZEK Company Inc. (NYSE: AZEK) ("AZEK" or the "Company") announced today the launch of an underwritten public offering of 15,000,000 shares of its Class A common stock to be offered by certain of its selling stockholders. The selling stockholders intend to grant the underwriters a 30-day option to purchase an additional 2,250,000 shares of Class A common stock. AZEK will not receive any proceeds from the sale of the shares of Class A common stock. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed.
TREX-why sales growth accelerated in the first quarter of 2021. There's a lumber shortage out there Trex just reported its first-quarter 2021 results, and sales grew 23% over the prior-year period. Management also forecast that second-quarter sales would rise by 36% year over year. The company said it is ahead of schedule on its capacity expansion efforts, and that it intends to raise its product prices, effective in August. But there was one other item that should provide a lasting benefit for the company. Trex President and CEO Bryan Fairbanks said in a statement that growth in the first quarter was partly due to "accelerated market share gains from wood." That makes sense considering that lumber prices have soared more than 350% over the past year.
As the price of any commodity increases, the use of alternatives typically grows. Sometimes there are no feasible substitutes, but that's not the case when it comes to outdoor decking material. In fact, the one disadvantage that Trex used to have was that its products were relatively high-priced compared to wood. Now that skyrocketing lumber costs have taken away wood's price advantage, the composite decking maker is well-positioned for another growth spurt. Timing is everything The timing is great for the company, too. Trex expects to have its new state-of-the-art manufacturing facility in Virginia operating this month, 30 days ahead of schedule. That plant will increase the company's production capacity by 70% over 2019 levels. During the first-quarter investor conference call, CEO Fairbanks said, "Our analysis indicates that a 1 percentage point market share gain from wood translates to over $50 million of annual sales." Net sales for 2020 were $881 million. I'm Now A Trex Guy! Looking to buy at some point here....