logo
Gold Holds Gain as Fresh Trade Uncertainty Stokes Haven Demand

Gold Holds Gain as Fresh Trade Uncertainty Stokes Haven Demand

Bloomberg30-05-2025
Gold recovered some heavy losses sustained earlier this week, as markets were once again rattled by uncertainties around US President Donald Trump's global tariffs agenda and the strength of the US economy.
The precious metal traded near $3,314 an ounce, following a gain of nearly 1% on Thursday after a federal appeals court offered Trump a temporary reprieve from a ruling threatening to throw out the bulk of his tariff agenda. A weakening dollar also helped, driven by growing fiscal risks and renewed political pressure on the Federal Reserve to lower interest rates.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Red Rock Resorts (RRR) Reports Q2: Everything You Need To Know Ahead Of Earnings
Red Rock Resorts (RRR) Reports Q2: Everything You Need To Know Ahead Of Earnings

Yahoo

time23 minutes ago

  • Yahoo

Red Rock Resorts (RRR) Reports Q2: Everything You Need To Know Ahead Of Earnings

Casino resort and entertainment company Red Rock Resorts (NASDAQ:RRR) will be announcing earnings results this Tuesday after the bell. Here's what investors should know. Red Rock Resorts beat analysts' revenue expectations by 0.6% last quarter, reporting revenues of $497.9 million, up 1.8% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts' EPS estimates but a miss of analysts' Casino revenue estimates. Is Red Rock Resorts a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Red Rock Resorts's revenue to be flat year on year at $485.4 million, slowing from the 16.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.41 per share. Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 4 downward revisions over the last 30 days (we track 10 analysts). Red Rock Resorts has missed Wall Street's revenue estimates three times over the last two years. Looking at Red Rock Resorts's peers in the consumer discretionary segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Monarch delivered year-on-year revenue growth of 6.8%, beating analysts' expectations by 5.4%, and Boyd Gaming reported revenues up 6.9%, topping estimates by 5.4%. Monarch traded up 20.4% following the results while Boyd Gaming was also up 4.1%. Read our full analysis of Monarch's results here and Boyd Gaming's results here. There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 10.3% on average over the last month. Red Rock Resorts is up 8.9% during the same time and is heading into earnings with an average analyst price target of $57.77 (compared to the current share price of $56.64). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Johnson Controls (JCI) Q2 Earnings Report Preview: What To Look For
Johnson Controls (JCI) Q2 Earnings Report Preview: What To Look For

Yahoo

time23 minutes ago

  • Yahoo

Johnson Controls (JCI) Q2 Earnings Report Preview: What To Look For

Building operations company Johnson Controls (NYSE:JCI) will be announcing earnings results this Tuesday morning. Here's what you need to know. Johnson Controls beat analysts' revenue expectations by 0.7% last quarter, reporting revenues of $5.68 billion, up 1.4% year on year. It was a strong quarter for the company, with an impressive beat of analysts' adjusted operating income estimates and a solid beat of analysts' organic revenue estimates. Is Johnson Controls a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Johnson Controls's revenue to grow 1.9% year on year to $6.01 billion, in line with the 2.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.01 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Johnson Controls has missed Wall Street's revenue estimates six times over the last two years. Looking at Johnson Controls's peers in the building products segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Insteel delivered year-on-year revenue growth of 23.4%, beating analysts' expectations by 2.2%, and AZZ reported revenues up 2.1%, falling short of estimates by 3.2%. Insteel traded down 5.8% following the results while AZZ was up 5.2%. Read our full analysis of Insteel's results here and AZZ's results here. There has been positive sentiment among investors in the building products segment, with share prices up 6.8% on average over the last month. Johnson Controls is up 5.1% during the same time and is heading into earnings with an average analyst price target of $109.70 (compared to the current share price of $111). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.

The Cheesecake Factory (CAKE) Reports Earnings Tomorrow: What To Expect
The Cheesecake Factory (CAKE) Reports Earnings Tomorrow: What To Expect

Yahoo

time23 minutes ago

  • Yahoo

The Cheesecake Factory (CAKE) Reports Earnings Tomorrow: What To Expect

Restaurant company Cheesecake Factory (NASDAQ:CAKE) will be announcing earnings results this Tuesday after market close. Here's what to expect. The Cheesecake Factory met analysts' revenue expectations last quarter, reporting revenues of $927.2 million, up 4% year on year. It was a strong quarter for the company, with an impressive beat of analysts' EBITDA estimates and a decent beat of analysts' EPS estimates. Is The Cheesecake Factory a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting The Cheesecake Factory's revenue to grow 4.9% year on year to $948.3 million, in line with the 4.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.06 per share. Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 8 downward revisions over the last 30 days (we track 15 analysts). The Cheesecake Factory has missed Wall Street's revenue estimates four times over the last two years. Looking at The Cheesecake Factory's peers in the restaurants segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Kura Sushi delivered year-on-year revenue growth of 17.3%, beating analysts' expectations by 2.5%, and Darden reported revenues up 10.6%, in line with consensus estimates. Kura Sushi traded down 11.8% following the results while Darden's stock price was unchanged. Read our full analysis of Kura Sushi's results here and Darden's results here. There has been positive sentiment among investors in the restaurants segment, with share prices up 2.7% on average over the last month. The Cheesecake Factory is up 6% during the same time and is heading into earnings with an average analyst price target of $62.41 (compared to the current share price of $66.39). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store