VR Resources Stock (OTC:VRRCF), Trade Ideas

VR Resources Ltd is an established junior exploration company focused on Greenfields' opportunities in precious metals. The company focuses on underexplored, large-footprint mineral systems in the western United States and Canada, and is well-financed for its exploration strategies and corporate obligations. VR owns its properties outright, and evaluates new opportunities on an ongoing basis, whether by staking or acquisition. The company projects include Hecla-Kilmer, Ranoke, Bonita, Reveille Silver, Big Ten, and others.

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Stocks That Set New 52-Week Highs Thursday

VR RESOURCES LTD ORD by VR Resources Ltd.

VR Resources Ltd

Oppenheimer analyst Ittai Kidron maintains Atlassian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) with a Outperform and lowers the price target from $300 to $250.

Price Target

Analyst Ratings

TEAM

Oppenheimer Maintains Outperform on Atlassian, Lowers Price Target to $250

TD Cowen analyst Matt Elkott maintains Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) with a Buy and raises the price target from $338 to $340.

TD Cowen Maintains Buy on Caterpillar, Raises Price Target to $340

<a href="https://www.wsj.com/business/media/paramount-considers-removing-ceo-bob-bakish-as-turmoil-over-sale-talks-deepens-a48b0ec5?mod=latest_headlines">https://www.wsj.com/business/media/paramount-considers-removing-ceo-bob-bakish-as-turmoil-over-sale-talks-deepens-a48b0ec5?mod=latest_headlines</a>
&nbsp;

PARA

'Paramount Considers Removing CEO Bob Bakish As Turmoil Over Sale Talks Deepens' - Wall Street Journal

Oppenheimer analyst Jason Helfstein maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Outperform and raises the price target from $185 to $205.

GOOG

GOOGL

Oppenheimer Maintains Outperform on Alphabet, Raises Price Target to $205

TD Cowen analyst Helane Becker maintains Southwest Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) with a Hold and lowers the price target from $26 to $25.

TD Cowen Maintains Hold on Southwest Airlines, Lowers Price Target to $25

WIIM

XP shares are trading higher after the company named Victor Mansur as CFO, effective Aug. 1.

Vertiv Holdings shares are trading higher after Mizuho maintained a Neutral rating and raised its price target from $56 to $95.

DDOG

Datadog shares are trading higher in sympathy with Microsoft, which gained following strong earnings.

Raymond James analyst Patrick Tyler Brown maintains Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) with a Outperform and raises the price target from $219 to $229.

Raymond James Maintains Outperform on Waste Management, Raises Price Target to $229

New Oriental Education & Technology Group

New Oriental Education shares are trading higher amid overall China strength.

TD Cowen analyst Vivien Azer maintains Keurig Dr Pepper (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDP#NASDAQ">KDP</a>) with a Hold and raises the price target from $32 to $35.

TD Cowen Maintains Hold on Keurig Dr Pepper, Raises Price Target to $35

Comfort Systems shares are trading lower as the stock reverses after earlier gaining following Q1 earnings.

Strong earnings reports from Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) have restored positive sentiment in the market, sweeping away fears of increasing risks of stagflation that had <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38434513/us-growth-slows-in-q1-yet-inflation-acceleration-signals-stagflation-the-worst-poss">emerged from Thursday&#8217;s data.</a>
Although the latest PCE inflation report signaled higher-than-expected annual readings, they failed to meaningfully impact on already low expectations <a href="https://www.benzinga.com/general/macro-notification/24/04/38458581/feds-key-inflation-indicator-hits-2-8-dashes-rate-cut-hopes-traders-on-alert">for Fed rate cuts.</a> Rather, investors opted to focus on positive signals stemming from corporate earnings.
The S&amp;P 500 gained over 1%, and is up by 2.8% this week, on track for its best week since late October 2023. The Nasdaq 100 outperformed with a 1.8% increase, pushing the weekly performance to over 4%, also eyeing its best week in seven months.
A significant amount of support for the broader market came from the Magnificent Seven, with the group gaining a combined market cap of $400 billion in a day, more than offsetting losses seen on Thursday. The Roundhill Magnificent Seven ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NYSE">MAGS</a>) rallied 3.5%.
Small caps also saw robust gains, with the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) up 1%. The big underperformer was the energy sector, as its two major oil giants – Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) – failed to impress investors <a href="https://www.benzinga.com/news/earnings/earnings-misses/24/04/38464570/us-energy-stocks-fall-following-oil-giants-subdued-earnings-reports">with their quarterly results.</a>
Treasury yields were slightly softer, although remained at elevated levels, indicating they had already absorbed the rising inflation narrative over the past weeks. 
Both gold and oil held steady at $2,300 per ounce and $83 a barrel, respectively. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) softened below $64,000, on track for a fourth straight negative week.
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>17,751.35</td>
<td>1.8%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,107.36</td>
<td>1.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,003.71</td>
<td>1.1%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,287.77</td>
<td>0.5%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:00 p.m. EDT</figcaption></figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 1.2% to $509.49, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.6% to $383.06 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rallied 1.8% to $431.95, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Sector-wise, the Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) outperformed, up 2.6%, followed by the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) and the Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>), both up 1.5% The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) was the major laggard, down 1.1%. 
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
<ul>
<li>Alphabet Inc. soared by 10% after a double beat in both earnings and revenue estimates last quarter. Shares are on track to their strongest performing <a href="https://www.benzinga.com/news/24/04/38458188/why-alphabet-shares-are-trading-higher-by-12-here-are-20-stocks-moving-premarket">day since July 2019. </a></li>
<li>Microsoft Corp. rose 2.5% after reporting <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38465071/microsoft-q3-shines-light-on-ai-innovation-cycle-analysts-see-plenty-of-runway-for-">better-than-expected results last quarter</a>. </li>
<li>Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) rose 4% amid bullish speculations over next week&#8217;s earnings report. </li>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) rose 6%, bolstered by rising expectations for AI spending and fueling a widespread rally in chipmakers. </li>
<li>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) tanked 10%, sharply underperforming compared to industry peers, on a Q1 revenue miss. </li>
<li>Other companies reacting to earnings were Exxon Mobil, down nearly 3%, Chevron Corp, down 0.2%, AbbVie Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>), down over 5%, HCA Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>), down over 3%, Colgate-Palmolive Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CL#NYSE">CL</a>), up 1.6%, Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>), down 3.7%, AON plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>), down over 8%, LyondellBasell Industries NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>), up 2.6%, Ball Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BALL#NYSE">BALL</a>), up 7.6%, Avantor Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVTR#NYSE">AVTR</a>), down 4%, Saia Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>), down 20%, Autoliv Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALV#NYSE">ALV</a>), up 5%, KLA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLA#NASDAQ">KLA</a>), up 5%, Capital One Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), up 0.5% and Snap Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NASDAQ">SNAP</a>), up 30%. </li>
</ul>
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38465570/snap-investors-celebrate-q1-earnings-but-analysts-arent-ready-to-party-just-yet-the">Snap Investors Celebrate Q1 Earnings, But Analysts Aren&#8217;t Ready To Party Just Yet: &#8216;The Most Expensive Name In Social&#8217;</a>
Image generated using artificial intelligence via Midjourney.

Earnings Beats

Earnings Misses

Equities

Large Cap

Macro Economic Events

Market Summary

Mid Cap

Sector ETFs

Broad U.S. Equity ETFs

Commodities

Small Cap

Econ #s

Economics

Federal Reserve

Tech

ETFs

$BTC

ABBV

AMZN

AVTR

BALL

SPDR Dow Jones Industrial Average ETF Trust

INTC

MAGS

MSFT

NVDA

SAIA

SNAP

Select Sector SPDR-Consumer Discretionary

Tech Stocks Rebound As Magnificent 7 Roar On Strong Earnings, Energy Giants Tumble: What's Driving Markets Friday?

FICO

FICO shares are trading lower following weak 2024 guidance.

Raymond James analyst Patrick Tyler Brown reiterates Union Pacific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) with a Strong Buy and raises the price target from $275 to $280.

Reiteration

Raymond James Reiterates Strong Buy on Union Pacific, Raises Price Target to $280

TD Cowen analyst Max Rakhlenko maintains Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) with a Buy and raises the price target from $250 to $270.

TSCO

TD Cowen Maintains Buy on Tractor Supply, Raises Price Target to $270

MBLY

Mobileye Global shares are trading lower after Morgan Stanley downgraded the stock from Equal-Weight to Underweight and lowered its price target from $26 to $25.

Raymond James analyst Matthew McClintock maintains Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) with a Outperform and raises the price target from $250 to $285.

Raymond James Maintains Outperform on Tractor Supply, Raises Price Target to $285

CINF

Cincinnati Financial shares are trading lower, reversing from earlier strength after the company reported better-than-expected Q1 2024 adjusted EPS and sales.

BEKE

KE Holdings shares are trading amid overall strength in Chinese stocks.

VR Resources to sell Hecla-Kilmer REE mineral property for $3.6 mln

VR Resources (TSE:VRR) has released an update. VR Resources Ltd. has finalized a deal to sell its Hecla-Kilmer rare earth element property to Neote...

VR Resources Cashes in on REE Property Sale

VR Resources (TSE:VRR) has released an update. VR Resources Ltd. has announced a non-brokered private placement aiming to raise $500,000 to fund th...

VR Resources Raises Funds for Nevada Drill Program

VR Resources (TSE:VRR) has released an update. VR Resources Ltd. has upscaled its private placement from $500,000 to $900,000 to support its upcomi...

VR Resources Boosts Private Placement Funds

VR Resources (TSE:VRR) has released an update. VR Resources Ltd. has successfully completed a $900,000 financing round and is proceeding with plans...

VR Resources Readies Drill Program Post-Financing

VR Resources (TSE:VRR) has released an update. VR Resources Ltd. has launched an innovative spring drill program at its New Boston property in Neva...

VR Resources Advances Nevada Drill Program

VR Resources (TSE:VRR) has released an update. VR Resources Ltd. has commenced its first drilling program at the East Zone of its New Boston polyme...

VR Resources Begins Drilling at New Boston Site

VRRCF

VR Resources