Vulcan Materials (VMC) Misses Q3 EPS by 6c, Revenues Miss
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UPDATE: RBC Capital Downgrades Vulcan Materials Company (VMC) to Sector Perform
November 5, 2020 4:01 AM EST(Updated - November 5, 2020 5:10 AM EST)
(updating comment)
RBC Capital analyst Mike Dahl downgraded Vulcan Materials Company (NYSE: VMC) from Outperform to Sector Perform with a price target of $142.00.
The analyst comments "We downgrade VMC to Sector Perform from... More
Tech, health stocks rise, cyclicals fall on prospects of divided U.S. Congress
November 4, 2020 7:00 AM ESTBy Susan Mathew and Sinéad Carew
(Reuters) - High-flying technology stocks boosted the S&P 500 index and healthcare led gainers on Wednesday as investors bet a divided U.S. government would stunt chances for big reforms for these sectors or corporate tax hikes.
But economically sensitive cyclical sectors - materials, industrials and banks - declined as they were expected to benefit most from a large stimulus package that is now deemed unlikely after Tuesday's U.S. election.
If Republicans retain U.S. Senate control and Democrats keep their House of Representatives majority, as investors... More
