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Sherritt International Corp T.S

Alternate Symbol(s):  SHERF

Sherritt International Corporation is a Canada-based company engaged in the mining and refining of nickel and cobalt metals essential for the adoption of electric vehicles through hydrometallurgical processes. The Company is engaged in the production of high purity nickel and cobalt metals from lateritic ore. Its technologies group creates solutions for oil and mining companies around the world to improve environmental performance. The Company offers a range of products including Nickel, Cobalt, Fertilizers and Other Products. The Nickel products category includes standard grade, steel grade, and nickel powders. The Cobalt products category includes cobalt briquettes and cobalt powders. The Company’s Fertilizers product category includes anhydrous ammonia, granular ammonium sulfate, crystalline ammonium sulfate-super salt, and crystalline ammonium sulfate-standard grade. The Other products category includes sulfuric acid, zinc sulfide, and copper sulfide.


TSX:S - Post by User

Post by CommonCents123on Aug 03, 2023 10:52am
70 Views
Post# 35571120

CNBC MORNING SQUAWK...enjoy

CNBC MORNING SQUAWK...enjoy1. No more picnic
The Dow's cruise higher has hit a speed bump. Stock futures slid on Thursday, a day after the three major U.S. indexes dropped in the wake of Fitch's move to cut its U.S. credit rating. The tech-driven Nasdaq fell more than 2% in its worst day since February. A rush of earnings, including from some of the largest companies in the world by market cap, will help to determine how equities fare the rest of the week. Follow live market updates here.
 
2. Apple, Amazon headline earnings
Investors will most closely watch a pair of tech giants during another busy day of earnings reports. Apple and Amazon will post results after the bell. Shares of both companies have soared this year along with the broader tech space: Apple has climbed 48%, while Amazon has jumped 52%. In Apple's case, investors may glean more from the company's outlook than its most recent quarterly earnings. In notable results before the bell, Moderna shares rose after the company said revenue from Covid vaccines would be better than expected this year — despite a sharp drop in sales of the shot during the second quarter.

3. Dimon, Buffett shrug off downgrade
Both Jamie Dimon and Warren Buffett aren't too concerned about the Fitch Ratings downgrade. The JPMorgan Chase CEO told CNBC's Leslie Picker that the decision "doesn't really matter that much" because the market shapes borrowing costs. Meanwhile, Buffett told CNBC's Becky Quick that his conglomerate Berkshire Hathaway is buying Treasurys. "There are some things people shouldn't worry about," Buffett said of the downgrade. "This is one."
 
4. Chip check
Hopes about artificial intelligence, and the chips needed to sustain it, have bolstered the tech sector and this year. But struggles in the market for semiconductors used in the devices we know now has hit two big names in recent days. Qualcomm shares plunged in premarket trading Thursday after the company gave disappointing guidance, due to its reliance on a sagging smartphone industry. Meanwhile, AMD shares closed 7% lower Wednesday after the chipmaker said second-quarter revenue fell 18% amid slowness in the PC market.
 
5. Bud beats
Anheuser-Busch InBev topped profit expectations in the second quarter despite sustained backlash against its flagship lager Bud Light in the U.S. Price hikes led to a more than 7% jump in revenue around the world. But in the U.S., revenues dropped about 10%. Conservative social media users boycotted Bud Light after the brand partnered with transgender influencer Dylan Mulvaney, and the backlash spread across the ideological spectrum after the company did not defend its collaboration with her.

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