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Showing posts with the label Market Sentiments

Precious Metals Tumble After Assassination Attempt on Trump at Butler Rally

On July 14, 2024, precious metals experienced a noticeable dip following an attempted assassination on former President Donald Trump during a rally in Butler, Pennsylvania. The incident occurred in the midst of Trump's speech, causing immediate panic and chaos among attendees. Although Trump was unharmed, the attempt significantly rattled the markets. The price of gold, often considered a safe-haven asset, fell by 2% within hours of the news breaking. Silver and platinum also saw declines of 1.5% and 1.8%, respectively. Market analysts attribute this sudden dip to a combination of investor sentiment and market uncertainty. Typically, geopolitical instability or significant political events drive investors towards precious metals for their perceived stability. However, the immediate aftermath of such an unpredictable and volatile event led to a swift sell-off as investors reassessed their risk exposure and liquidity needs. Financial experts suggest that the dip could be temporary. T...

Expert Broker Insights: FedEx Corporation (NYSE:FDX) Post-Third-Quarter Performance Analysis

In the wake of FedEx Corporation's (NYSE: FDX) third-quarter financial report, brokers and analysts have shared their insights and estimations. The overall sentiment appears to be cautiously optimistic, with some minor concerns regarding the company's performance. The third-quarter report revealed a mixed bag of results, showing growth in certain areas while facing challenges in others. The revenue for the quarter was slightly higher than expected, driven by strong demand in the e-commerce sector. This growth is in line with the company's focus on expanding its presence in the global logistics market. However, the earnings per share fell short of market expectations, mainly due to increased operating costs and higher fuel expenses. Several brokers and analysts have revised their price targets for FedEx Corporation's stock, with most maintaining a "hold" position. They believe that the company's long-term growth potential remains strong, given the continuou...