Latest news for Horizon Copper Corp (OTC:RYTTF) Stock

Horizon Copper Corp

The company announced positive topline results from its pivotal Phase 3 CREST trial evaluating sasanlimab, an investigational anti-PD-1 monoclonal antibody (mAb), in combination with Bacillus Calmette-Guérin (BCG) as induction therapy with or without maintenance in patients with BCG-naïve, high-risk non-muscle invasive bladder cancer (NMIBC). The study met its primary endpoint of event-free survival (EFS) by investigator assessment, demonstrating a clinically meaningful and statistically significant improvement with sasanlimab in combination with BCG (induction and maintenance) as compared to BCG alone (induction and maintenance).

News

Pfizer Says Its Sasanlimab In Combination With Bacillus Calmette-Guérin (BCG) Improves Event-Free Survival In Patients with BCG-Naïve, High-Risk Non-Muscle Invasive Bladder Cancer

Morgan Stanley analyst Devin McDermott initiates coverage on Comstock Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRK#NYSE">CRK</a>) with a Equal-Weight rating and announces Price Target of $18.

Price Target

Initiation

Analyst Ratings

Morgan Stanley Initiates Coverage On Comstock Resources with Equal-Weight Rating, Announces Price Target of $18

Needham analyst Tom Nikic upgrades Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) from Hold to Buy and announces $475 price target.

Upgrades

LULU

Needham Upgrades Lululemon Athletica to Buy, Announces $475 Price Target

Citigroup analyst Jon Tower downgrades Yum Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) from Buy to Neutral and lowers the price target from $153 to $141.

Downgrades

Citigroup Downgrades Yum Brands to Neutral, Lowers Price Target to $141

U.S. stock futures declined on Friday ahead of the crucial U.S. <a href="https://www.benzinga.com/news/25/01/42905396/us-may-add-fewer-jobs-in-december-with-an-unchanged-unemployment-rate-predict-economists">jobs data</a> report after a mixed close in the previous session. Futures of all four major indices fell in premarket trade.
Traders were cautious on Friday morning as <a href="https://www.benzinga.com/news/25/01/42905396/us-may-add-fewer-jobs-in-december-with-an-unchanged-unemployment-rate-predict-economists">economists</a> expect December's non-farm payrolls to soften as compared to November in Friday's official monthly jobs report. The unemployment rate is projected to hold steady at 4.2%.
The stock markets ended mixed on Wednesday followed by a break on Thursday in the remembrance of former President Jimmy Carter.
The 10-year and two-year Treasury notes yielded 4.70% and 4.29%, respectively. The probability of having no change in the interest rates for the upcoming Jan. 31, 2025, FOMC meeting was at 95.2%, <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">according to</a> CME Group&#8217;s FedWatch tool.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.03%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.08%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.01%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.17%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Friday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was down 0.03% to $589.31, and the Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) was down 0.058% to $514.97, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From The Last Session
U.S. stock markets closed <a href="https://www.benzinga.com/news/earnings/25/01/42906229/dow-surges-over-100-points-following-fed-minutes-investor-sentiment-declines-greed-index-remains-in-fear-zone">mixed</a> on Wednesday, with the Dow Jones Industrial Average gaining over 100 points. The Federal Reserve&#8217;s latest meeting minutes revealed uncertainty among policymakers regarding future interest rate cuts. The incoming administration&#8217;s policies and their potential impact on inflation remain unclear. 
Acuity Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>), a leading lighting solutions provider, reported weaker-than-expected revenue for the first quarter of its fiscal year.
On the economic data front, U.S. private companies added 122,000 jobs in December, lower than November&#8217;s figure and below market expectations. Initial jobless claims decreased to an 11-month low, suggesting a tightening labor market.
Most sectors in the S&amp;P 500 Index closed higher, with consumer staples, healthcare, and materials sectors leading the gains. However, the energy and communication services sectors experienced declines.
The Dow Jones Industrial Average closed 0.25% higher at 42,635.20, up approximately 107 points. The S&amp;P 500 Index rose 0.16% to 5,918.25, while the Nasdaq Composite dipped 0.055% to 19,478.88. Russell 200, on the other hand, fell 0.48% to 2,238.96.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.055%</td>
<td>19,478.88</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.16%</td>
<td>5,918.25</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.25%</td>
<td>42,635.20</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.48%</td>
<td>2,238.96</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
TradingEconomics <a href="https://www.benzinga.com/news/25/01/42905396/us-may-add-fewer-jobs-in-december-with-an-unchanged-unemployment-rate-predict-economists">compiled</a> economist consensus expects nonfarm payrolls to show a net gain of 154,000 jobs in December, down sharply from the 227,000 added in November. On the other hand, Bloomberg's consensus estimate stands at 165,000 jobs.
However, December's job report will be "the first clean monthly employment report after October," said&nbsp;Ed Yardeni&nbsp;and&nbsp;Eric Wallerstein&nbsp;in their weekly economic report, adding that October witnessed hurricanes and strikes, and November's jobs were boosted because of the returning workers.
Yardeni Research also anticipates further hiring under the Trump administration due to potential policy changes and increased economic certainty.
A <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42881085/is-labor-market-cooling-or-raising-fed-concerns-what-to-watch-in-fridays-jobs-report">weaker-than-expected jobs report</a> on Friday could boost U.S. stocks, weaken the dollar, and lower government bond yields, as investors might see it as an indication that the Fed has room to ease monetary policy. &#8211;
Conversely, stronger-than-expected job growth or a lower unemployment rate could raise concerns about a robust labor market, potentially delaying the Fed&#8217;s timeline for easing.
&#8220;The recent string of strong economic data can keep pushing back the timing of the next Fed rate cut,&#8221; said Collin Martin, director, of fixed income strategy at the Schwab Center for Financial Research. &#8220;The Fed funds futures market is not pricing in the next cut until July, and if inflation remains as sticky as it has lately, it seems likely that the Fed could skip cutting rates at a number of meetings.&#8221;
Drawing a parallel between a strong U.S. dollar and equity performance, Louis Navellier of Navellier &amp; Associates said that a stronger greenback &#8220;impedes the sales in the multi-international stocks&#8221; in the S&amp;P 500 and most such stocks have at least half of their revenue coming from outside U.S.
&#8220;As a result, domestic stocks tend to prosper during a strong U.S. dollar environment, especially small-to-mid capitalization companies,&#8221; he added.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a> 
Upcoming Economic Data
<ul>
<li>On Friday, the U.S. employment report, unemployment rate, and hourly wages data for December along with hourly wages year over year will be released at 8:30 a.m., ET.</li>
</ul>
<ul>
<li>The preliminary consumer sentiment data for January will be announced at 10:00 a.m., ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) was up 3.37% in the premarket on Friday. Wall Street is expecting it to report quarterly earnings of $1.76 per share on revenue of $14.21 billion before the opening bell, according to data from <a href="https://www.benzinga.com">Benzinga Pro</a>.</li>
</ul>
<ul>
<li>TD Synnex Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) was marginally up by 0.07% as analysts expect it to post quarterly earnings at $3.05 per share on revenue of $15.22 billion. The company will release earnings before the markets open.</li>
</ul>
<ul>
<li>Constellation Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) was marginally down by 0.50% as it will be reporting its earnings before the opening bell. Analysts project quarterly earnings of $3.31 per share on revenue of $2.53 billion.</li>
</ul>
<ul>
<li>Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) was also up 0.33% ahead of its earnings before the opening bell. Analysts expect quarterly earnings of 37 cents per share on revenue of $37.28 billion.</li>
</ul>
<ul>
<li>Costco Wholesale Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) was up 2.44% after it posed a 9.9% jump in its core comparable sales excluding forex and gas price changes for the five weeks ended Jan. 5, 2025.</li>
</ul>
<ul>
<li>Vision Marine Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMAR#NASDAQ">VMAR</a>) was up 114.47% as it regained compliance with Nasdaq&#8217;s minimum stockholders&#8217; equity requirement, which it previously failed to meet.</li>
</ul>
<ul>
<li>IGM Biosciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IGMS#NASDAQ">IGMS</a>) was down 68.55% as it announced in a regulatory filing that it is reducing its workforce by 73% to preserve cash.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures were higher in the early New York session by 2.52% to hover around $75.78 per barrel.
The gold spot index was up by 0.68% to $2,709.19 per ounce. The Dollar Index was at 109.184 level.
Asian markets closed lower on Friday as Hong Kong&#8217;s Hang Seng, Japan&#8217;s Nikkei 225, India&#8217;s S&amp;P BSE Sensex, China&#8217;s CSI 300, Australia&#8217;s ASX 200, and South Korea&#8217;s Kospi index declined. European markets were mixed.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/01/42906089/california-wildfires-ignite-concerns-for-insurance-stocks-here-are-some-insurance-etfs-which-could-be-impacted">California Wildfires Ignite Concerns For Insurance Stocks: Here Are Some Insurance ETFs Which Could Be Impacted</a></li>
</ul>
Photo courtesy: Wikimedia

Analyst Color

Equities

Macro Economic Events

Macro Notification

Market Summary

Broad U.S. Equity ETFs

Futures

Economics

Pre-Market Outlook

Markets

ETFs

General

COST

IGMS

VMAR

US Stocks To Open On A Tentative Note As Traders Remain Cautious Ahead Of Friday's Crucial Jobs Data

Morgan Stanley analyst Devin McDermott initiates coverage on Matador Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTDR#NYSE">MTDR</a>) with a Equal-Weight rating and announces Price Target of $78.

MTDR

Morgan Stanley Initiates Coverage On Matador Resources with Equal-Weight Rating, Announces Price Target of $78

FBYD

Falcon's Beyond Global Files For Offering $100M Of Shares Of Class A Common Stock

Morgan Stanley analyst Devin McDermott initiates coverage on Chord Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRD#NASDAQ">CHRD</a>) with a Equal-Weight rating and announces Price Target of $158.

CHRD

Morgan Stanley Initiates Coverage On Chord Energy with Equal-Weight Rating, Announces Price Target of $158

Citigroup analyst Jon Tower upgrades McDonald's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) from Neutral to Buy and raises the price target from $311 to $334.

Citigroup Upgrades McDonald's to Buy, Raises Price Target to $334

HC Wainwright &amp; Co. analyst Scott Buck reiterates RCI Hospitality Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RICK#NASDAQ">RICK</a>) with a Buy and maintains $98 price target.

Reiteration

RICK

HC Wainwright & Co. Reiterates Buy on RCI Hospitality Hldgs, Maintains $98 Price Target

Citigroup analyst Daniel Grosslight downgrades Hims &amp; Hers Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) from Neutral to Sell and raises the price target from $24 to $25.

Hims & Hers Health, Inc. Class A Common Stock

HIMS

Citigroup Downgrades Hims & Hers Health to Sell, Raises Price Target to $25

Morgan Stanley analyst Devin McDermott initiates coverage on Permian Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PR#NYSE">PR</a>) with a Overweight rating and announces Price Target of $19.

Morgan Stanley Initiates Coverage On Permian Resources with Overweight Rating, Announces Price Target of $19

Department store chain Macy&#8217;s Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) confirmed the closure of 66 stores as part of its <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/b42902275/macys-inc-confirms-planned-macys-store-closures" rel="noreferrer noopener">&#8220;Bold New Chapter&#8221; strategy</a>.
Announced in February 2024, this strategy aims to improve profitability by eliminating underperforming locations and focusing resources on its <a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/b37331065/macys-inc-reports-fourth-quarter-and-full-year-2023-results" rel="noreferrer noopener">more successful stores</a>.
The closures are part of a broader plan to shutter approximately <a target="_blank" href="https://www.benzinga.com/news/earnings/24/02/37336140/macys-q4-sales-slightly-sour-talks-bold-new-strategy-of-150-store-closures-in-two-years" rel="noreferrer noopener">150 unproductive stores</a> in three years while investing in its 350 go-forward locations through 2026.
The decision comes as the company seeks to adapt to the evolving retail landscape, where consumers demand both seamless in-store and online shopping experiences.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/25/01/42897109/british-retail-giant-marks-spencer-warns-of-economic-challenges-despite-strong-sales-growth-in-food-and-retail" rel="noreferrer noopener">British Retail Giant Marks &amp; Spencer Warns Of Economic Challenges Despite Strong Sales Growth In Food And Retail</a>
&#8220;Closing any store is never easy, but as part of our Bold New Chapter strategy, we are closing underproductive Macy&#8217;s stores to allow us to focus our resources and prioritize investments in our go–forward stores, where customers are already responding positively to better product offerings and elevated service,&#8221; said Chairman and CEO Tony Spring.
In December, Macy&#8217;s disclosed the results of its investigation into a major accounting error that affected its financial <a target="_blank" href="https://www.benzinga.com/news/24/12/42450838/macys-employee-hid-151-million-in-costs-over-several-years" rel="noreferrer noopener">reporting for multiple years</a>.
As a result, a single employee&#8217;s recurring mistakes and subsequent attempts to conceal them resulted in $151 million worth of expenses being falsely recorded.
Following the accounting scandal, the company slashed its FY24 <a target="_blank" href="https://www.benzinga.com/news/earnings/24/12/42436387/macys-lowers-annual-profit-forecast-amid-accounting-misstep-stock-tumbles" rel="noreferrer noopener">adjusted EPS and sales guidance.</a>
Price Action: M shares are trading lower by 0.50% at $15.95 in premarket at the last check Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/42899734/ubs-to-pay-millions-to-settle-tax-evasion-violations-by-credit-suisse" target="_blank" rel="noreferrer noopener">UBS Prepares To Settle Tax Evasion Violations By Credit Suisse: Report</a></li>
</ul>
Photo via Shutterstock.

Macy's Shuts Down 66 Locations As Part Of New Chapter Strategy

Financial Guidance1
2025 guidance for earnings greater than $7.35 per share is more than 10 percent growth year-over-year compared to a normalized 2024 earnings per share baseline, excluding the 45-cent impact of the CrowdStrike-caused outage in the September quarter.&nbsp; On a non-GAAP basis, 2025 earnings per share guidance represents greater than 19 percent growth year-over-year.
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">FY 2025 Forecast2</td>
<td colspan="1" rowspan="1">3-5 Year Targets4</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Earnings Per Share YoY</td>
<td colspan="1" rowspan="1">Greater than 10%</td>
<td colspan="1" rowspan="1">10% average</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Free Cash Flow ($B)</td>
<td colspan="1" rowspan="1">Greater than $4</td>
<td colspan="1" rowspan="1">$3 - $5</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Gross Leverage3</td>
<td colspan="1" rowspan="1">2x or less</td>
<td colspan="1" rowspan="1">1x</td>
</tr>
</tbody>
</table>
</figure>

Earnings

Guidance

Delta Air Lines Sees 2025 EPS Over $7.35 (+10% YoY), +19% YoY Non-GAAP And Free Cash Flow Of Greater Than $4B

Citigroup analyst Jason Bazinet initiates coverage on News (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>) with a Buy rating and announces Price Target of $36.

NWSA

Citigroup Initiates Coverage On News with Buy Rating, Announces Price Target of $36

Morgan Stanley analyst Devin McDermott initiates coverage on Expand Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXE#NASDAQ">EXE</a>) with a Overweight rating and announces Price Target of $127.

Morgan Stanley Initiates Coverage On Expand Energy with Overweight Rating, Announces Price Target of $127

ITCI

Intra-cellular Therapies Says It Has Entered Into A Settlement Agreement With Sandoz Inc. Resolving Patent Litigation Related To Intra-cellular Therapies' Product Caplyta (Lumateperone)

Expect March quarter revenue growth of 7 to 9 percent with earnings of $0.70 to $1.00 per share&nbsp;

Delta Air Lines Expects Q1 2025 Total Revenue Growth Of 7%-9%, Operating Margin Of 6%-8%, And EPS Of $0.700-$1.00 (Est $0.83)

HC Wainwright &amp; Co. analyst Heiko Ihle maintains Endeavour Silver (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXK#NYSE">EXK</a>) with a Buy and lowers the price target from $7.25 to $7.

HC Wainwright & Co. Maintains Buy on Endeavour Silver, Lowers Price Target to $7

Morgan Stanley analyst Devin McDermott initiates coverage on Civitas Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIVI#NYSE">CIVI</a>) with a Overweight rating and announces Price Target of $64.

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