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(Kitco News) – Sky-high imports, unprecedented ETF demand, and elevated price premiums show that China's gold market continues to lead the world, but high prices look set to depress jewelry demand and slow central bank purchases, according to Ray Jia, China Research Head at the World Gold Council.
HSBC initiated coverage of Delta Air Lines stock in mid-May. The analyst feels that Delta management has found a way to earn a decent profit as an airline.
For Deere's fiscal second quarter, Wall Street is looking for earnings per share of $7.86 from equipment sales of $13.2 billion,
With the market continuing to generally rise above a wall of worries, the concept of bargain stocks to buy might seem sadly irrelevant. However, with so many opportunities available, it's not possible to provide equal coverage to every company.
Netflix announced during its Upfronts presentation on Wednesday that it's launching its own advertising technology platform only a year and a half after entering the ads business. This move pits it against other industry heavyweights with ad servers, like Google, Amazon and Comcast.
Netflix said on Wednesday its ad-supported tier has reached 40 million global monthly active users, from 5 million a year earlier, a sign that its push to attract new users with the cheaper plan is paying off.
Dell Technologies Inc. (NYSE:DELL) experienced a significant surge on Wednesday, with its stock rising more than 9% after Morgan Stanley raised its price target from $128 per share to $152 per share. This boost reflects growing investor confidence in Dell's performance and future prospects.
Faraday Future (NASDAQ: FFIE ) stock is accelerating higher in timely fashion as the electric vehicle (EV) producer tries to escape delisting from the Nasdaq. It's not exactly clear what's behind the surge, as the company has not disclosed any material announcements during the past week.
Jeffrey Bernstein, Barclays senior restaurant analyst, joins 'Power Lunch' to discuss the consumer health in restaurants and McDonald's latest moves to attract lower-end customers back in stores.