Mike Zaccardi downgraded the iShares MSCI Global Metals & Mining Producers ETF to hold due to weakening technical indicators and macroeconomic risks. Despite a modest valuation of about 12 times earnings, the ETF faces pressure from weak metal prices and bearish technical trends. With 79% of its exposure outside the US, factors like a strong dollar and AI-related investment sentiment will heavily influence its near-term performance. Support is expected around $46–$47, and while seasonal trends are positive through year-end, investors are advised to wait for a better entry point given the current risk/reward balance.
The story on PICK's rating downgrade comes with this snapshot of the Basic Materials sector on Pluang as of Nov 07, 2026 05:01 WIB: Of 83 priced US stocks, 58 rose and 25 fell. Among notable movers, Novagold Resources Inc. (NG) rose 5.44% to USD 6.40 with a typical hold time of 23 days, Lithium Americas Corp (LAC) increased 5.43% to USD 1.94 despite 99% of Pluang order activity being sell, and Solstice Advanced Materials Inc. (SOLS) gained 5.09% to USD 57.84 with a typical hold time of 16 days.
Arcutis Biotherapeutics awarded 58,500 restricted stock units and options for 17,000 shares to six new employees as an inducement to join the company. The grants, approved under Nasdaq Listing Rule 5635(c)(4), vest over four years with specific sched...
The music duo for KING + COUNTRY released the Drummer Boy (Original Motion Picture Soundtrack) to coincide with the nationwide launch of their Christmas film DRUMMER BOY. The soundtrack features original songs by Joel and Luke Smallbone, reimagined C...
HMG Strategy is holding its first Tennessee C-Level Technology Leadership Summit on November 13 at W Nashville, bringing together CIOs, CISOs, CTOs, and senior tech executives from across Tennessee and the Mid-South. The summit will focus on AI, cybe...
Chicago Rivet & Machine Co. reported a net loss of $915,977 for Q3 2026, compared to a net income of $67,572 in the same quarter last year. Net sales slightly increased to $7.53 million from $7.36 million in Q3 2025. For the first nine months of 2026...
Zilliqa announced it will transition its network from an independent Layer 1 blockchain to an Ethereum Layer 2 solution focused on regulated institutions. This change comes after nine years due to low usage, funding, liquidity, and costly security ch...
