Whether you see them or not, industrials businesses play a crucial part in our daily activities. Unfortunately, this role also comes with a demand profile tethered to the ebbs and flows of the broader economy, and investors seem to be forecasting a downturn - over the past six months, the industry has pulled back by 5.4%. This drawdown was disheartening since the S&P 500 held its ground.
Large-cap stocks are known for their staying power and ability to weather market storms better than smaller competitors. However, their sheer size makes it more challenging to maintain high growth rates as they’ve already captured significant portions of their markets.
Video sharing platform Rumble (NASDAQGM:RUM) announced better-than-expected revenue in Q4 CY2024, with sales up 48.2% year on year to $30.23 million. On the other hand, next quarter’s revenue guidance of $22.17 million was less impressive, coming in 11.6% below analysts’ estimates. Its GAAP loss of $1.15 per share was significantly below analysts’ consensus estimates.
The world’s largest asset manager first launched its money market fund on the Ethereum blockchain.
(Bloomberg) -- The chief strategist at UBS Investment Bank said the “visibly tiring” US consumer is set to further pressure stock prices, setting the stage for another 8% slump in the S&P 500. Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysTrump Slashed International Aid. Geneva Is Feeling the Impact.Paris Votes to Make 500 More Stree
Wall Street expected to have something of a friend in Donald Trump, yet the President's indifference to market volatility is analysts' true cause for concern, said Mike Wilson.
Shares of Smithfield Foods rose in premarket trading Tuesday after the pork giant reported its first quarterly results since its initial public offering.
Food flavoring company McCormick (NYSE:MKC) fell short of the market’s revenue expectations in Q1 CY2025, with sales flat year on year at $1.61 billion. Its non-GAAP profit of $0.60 per share was 6.8% below analysts’ consensus estimates.
(Reuters) -Wall Street stocks ended higher on Tuesday, with Apple rising and Nvidia dipping as investors assessed consumer sentiment data and bet on a more flexible trade policy stance from the Trump administration next week. U.S. President Donald Trump said on Monday that automobile tariffs were coming soon, while suggesting that not all proposed tariffs would be enforced in an April 2 announcement on which Wall Street is focused. "I don't expect that we'll get the clarity that the market is hoping for, but investors are desperate for any sort of clarity on this front, and to the extent they'll get some of it, it's a huge day," said Ross Mayfield, an investment strategist at Baird.