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Recent Articles

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CIBC: February's US housing starts and building permits top expectations, up 10% and 14% month-over-month, respectively; building confidence sees third sequential rise as potential homebuyers turned to new home market due to shortage of existing inventory

SimplyRFiD launches AI Kick-Start to transform inventory process from 70% accurate barcodes to 99% accurate RFID to run an accurate inventory system; AIK's online portal manages UPC lists, enables retail suppliers to produce products pre-tagged with RFID

US home sales in February increased 16.8% month-over-month, median home price up 0.6% to US$385,000; for-sale home inventory fell 7.5% from January, up 55.0% year-over-year: Re/Max

Zacks rates Trimas at sell, noting weakness in packaging demand, as customers have been delaying orders and rebalancing inventories amid inflationary environment; rising raw material costs, supply-chain headwinds and labor shortages also impacting results

Analysts on FedEx after fiscal Q3 earnings beat: Stifel upgrades to buy and lifts target by US$51 to US$222, noting emerging consensus around inventory bottom; Citi lifts target by US$25 to US$275, thinks potential earnings upside in 2024 is 'quite large'

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