Major U.S. stock exchanges are closed in observance of Martin Luther King Jr. Day. U.S. markets remained neutral after Biden’s stimulus announcement, which was on par with expectations. US Bank earnings were also disappointing and oil prices are seeing some pressure. This week is expected to start relatively quietly with thin trading in futures.
This week, only a handful of companies on Stockchase are reporting earnings.
Here are the companies listed on Stockchase who are reporting earnings this week:
Richelieu Hardware (RCH-T) Jan 21
Benefiting from shift in consumer spending to the home. Doorknobs, cabinet hardware. Undergoing a positive rerating by the market. Strong consumer tailwinds as people forced to stay home. Good business model. Lots of growth runway. Half of revenue growth comes from accretive acquisitions. Margins have upside. Yield is 0.73%. (Analysts’ price target is $35.00)
🛢 Basic Materials
Eastmain Resources Inc (ER-T) Jan 21
They haven't indicated a discovery in the St. James Bay area, though he likes the management and this part of the world for exploration.
Metalla Royalty & Streaming Ltd. (MTA-X) Jan 22
It's a work in progress royalty company in gold and precious metals. Only three years old, it's very active by deploying $70 million of capital. Only two of their 45 assets are actually producing with two more coming on this year. So, there'll be a rapid advance in cash flow. The dividend is small but…
Use this list wisely to identify buying opportunities.
Happy trading !!!