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As Q1 earnings season rolls along, market outlooks seem sunnier. For one thing, we're not seeing many bleak, bad misses from companies yet reported; if anything, we've been pleasantly surprised by results from big Wall Street banks, major manufacturers, etc.
(Kitco New) - Gold prices are modestly lower and silver modestly higher near midday Tuesday. Both markets hit nearly three-week lows today but are well up from their session lows.
(Kitco News) - Gold and silver continue to see solid selling pressure, but according to one market analyst, this is where investors will see the true grit in the marketplace.From its lows in mid-February to its recent all-time highs above $2,448 an ounce, the gold market has rallied roughly $450. In a recent comment to Kitco News, Ole Hansen said that gold had been looking heavy, as it could not hold gains above $2,400 an ounce twice in the last two weeks.
With inflation continuing to weigh on the U.S. economy, investors and analysts have been paying particular attention to the two monthly inflation data reports: the Personal Consumption Expenditures (PCE) Price Index and the Consumer Price Index (CPI). While both measure the change in prices each month, they do so in unique ways that affect their end results.
Tesla will lay off 2,688 employees at its Texas factory, the electric vehicle maker said in a Worker Adjustment and Retraining Notification (WARN) notice on Monday.
Cadence's (CDNS) first-quarter performance is affected by weakness in the Product & Maintenance segment.
Philips (PHG) announces the FDA clearance for its Zenition 30 mobile C-arm, which is intended to aid in image-guided procedures at a relatively affordable cost.
JD Sports is buying Hibbett for $87.50, which is about where the stock trades now. Shareholders may have little incentive to hold now and will need to diligently find an alternative investment.
GE Aerospace (NYSE:GE) reported strong first quarter results and raised its full-year profit guidance, sending shares of the company higher on Tuesday morning. The company's results, which included the operations of GE Vernova before its spinoff in April, brought in revenue of $16.1 billion in Q1, up 11% year-over-year and above estimates of $15.7 billion.
Nvidia is a leader in the design of graphic processing units. Artificial intelligence places huge computing demands on data centers, making Nvidia's GPUs extremely valuable.