A director at Centrus Energy Corp sold 4,000 shares at 120.310USD and the significance rating of the trade was 66/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cle...
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
Downgrading Manufacturing to Market Weight Near-term we continue to see the S&P 500 moving higher, likely heading toward 4600 resistance. We also still believe it is possible we have seen the lows for this pause/pullback on the S&P 500, and we see a low probability of a meaningful correction if the SPX is above 4300-4325 (1.5-year support). As initially discussed in our 8/29/23 Compass, we would not be surprised to see another month+ (i.e., through the end of September, and possibly longer) of ...
Oversold Bounce Underway Amid Consolidation Phase In last week's Compass (8/22/23) we discussed our expectations for an oversold bounce due to an overwhelming number of indexes/Sectors/industries testing major multi-month supports, combined with Treasury yields and the U.S. dollar (DXY) testing resistance. The bounce has begun with the S&P 500 ending higher last week for the first time in a month, and it is possible we have seen the lows for this pause/pullback. For now, we see a low probabilit...
S&P 500 Testing 3900; Commodities Topping? Major equity indexes remain in pullback mode, consistent with our narrative of the past two weeks. Key supports are currently being tested at 3900-3910 on the S&P 500, $293 on the Nasdaq 100 (QQQ), and $177-178 on the Russell 2000 (IWM). We see a bounce as possible at these levels, but breaks below these levels would virtually guarantee a test of the YTD lows -- or worse... see charts below. Commodity Prices Topping? We believe sustained lower commodi...
Continued Absence Of Breakdowns Is A Positive Sign The market continues to send mixed signals (some neutral or healthy signals but some risk-off signals as well), but as long as the Russell 2000 index (IWM) is above $208, the Russell Micro Caps index (IWC) is above $134-$135, and the S&P 500 is above 4495, we cannot be bearish. As long as prices are above the aforementioned levels we expect more consolidation and mixed markets, but breakdowns would mean additional downside ahead. Risk-Off Sign...
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
S&P 500 Near Support; Watching Energy For Strength The market environment remains very mixed, with constant Sector rotations resulting in very few Sectors out- or under-performing for sustained periods. At the same time, market dynamics give us little-to-no reason to be bearish (aside from the simple fact that the S&P 500 has not pulled back even 5% for over 6 months). Growth Sectors (Communications, Technology) and large-caps (S&P 500) have been the primary winners and we recommend sticking wi...
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
S&P 500 Testing 3870 Support; 10-Year Yield In Focus As the S&P 500 pulls back to logical support at 3870, our weight-of-the-evidence approach continues to support our overall bullish outlook. While the positives heavily outweigh the negatives, the rising 10-year Treasury yield is threatening to become a headwind. The irony here is that we have outlined rising yields as a longstanding tailwind that has helped support our bullish outlook since early November 2020. We discuss this risk below, in ...
BETHESDA, Md.--(BUSINESS WIRE)-- Centrus Energy Corp. (NYSE American: LEU) announced today that it has signed several new sales contracts in the last three months to supply its utility customers with low-enriched uranium fuel. The total value of the contracts is an estimated $70 million, with deliveries through 2025. Centrus’ utility customers will use the fuel to generate clean, affordable, and reliable electricity. “Despite the challenging conditions in the global nuclear fuel market, we continue to sign new contracts with ...
OAK RIDGE, Tenn.--(BUSINESS WIRE)-- X Energy, LLC (X-energy) and Centrus Energy Corp. (NYSE American: LEU) have signed a memorandum of understanding to explore collaboration toward production of fuel for advanced nuclear reactors, the two companies announced today. X-energy, a pioneering advanced reactor and fuel company, and Centrus, an experienced nuclear fuel technology company, will work toward the development of a fuel fabrication facility. Based on the uranium oxycarbide (UCO) tristructural isotropic (TRISO) fuel form, this faci...
BETHESDA, Md.--(BUSINESS WIRE)-- Centrus Energy Corp. (NYSE American: LEU) today reported a net loss of $22.4 million for the quarter ended June 30, 2017, compared to a net loss of $2.9 million for the second quarter of 2016 that included a $16.7 million gain on the early extinguishment of debt. The net loss allocable to common stockholders was $24.4 million, or $2.69 per basic and diluted share, for the quarter ended June 30, 2017, compared to a net loss allocable to common stockholders of $2.9 million, or $0.32 per basic and diluted...
BETHESDA, Md.--(BUSINESS WIRE)-- Centrus Energy Corp. (NYSE American: LEU) will broadcast its quarterly conference call with shareholders and the financial community over the Internet on Thursday, August 3, 2017, at 8:30 a.m. ET. The Company will release its second quarter 2017 earnings report for the period ended June 30, 2017, after the close of markets on Wednesday, August 2. The conference call will be open to listeners who log in through the Company’s website, www.centrusenergy.com. A link to the call will be located in ...
BETHESDA, Md.--(BUSINESS WIRE)-- Centrus Energy Corp. (NYSE MKT: LEU) today reported net income of $7.6 million or $0.73 per common share (basic) and $0.72 per common share (diluted) for the quarter ended March 31, 2017, compared to a net loss of $14.6 million or $1.60 per basic and diluted share for the first quarter of 2016. The company remains on track to meet its annual guidance for nuclear fuel segment revenue, total revenue, and year-end cash balance. "This has been an important quarter for the company. During the past ...
BETHESDA, Md.--(BUSINESS WIRE)-- Centrus Energy Corp. (NYSE MKT: LEU) will broadcast its quarterly conference call with shareholders and the financial community over the Internet on Wednesday, May 10, 2017, at 8:00 a.m. ET. The Company will release its first quarter 2017 earnings report for the period ended March 31, 2017, after the close of markets on Tuesday, May 9. The conference call will be open to listeners who log in through the Company’s website, www.centrusenergy.com. A link to the call will be located in the Investo...
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