Industrials businesses quietly power the physical things we depend on, from cars and homes to e-commerce infrastructure. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates), and the market seems convinced that demand will slow. Due to this bearish outlook, the industry has tumbled by 6.6% over the past six months. This performance was disheartening since the S&P 500 held steady.
Industrials businesses quietly power the physical things we depend on, from cars and homes to e-commerce infrastructure. Still, their generally high capital requirements expose them to the ups and downs of economic cycles, and the market seems to be baking in a prolonged downturn as the industry has shed 6.6% over the past six months. This performance was discouraging since the S&P 500 held its ground.
Business services providers thrive by solving complex operational challenges for their clients, allowing them to focus on their secret sauce. Still, investors are uneasy as firms face challenges from AI-driven disruptors and tightening corporate budgets. These doubts have caused the industry to lag recently as services stocks were flat over the past six months. A consolation is that the S&P 500 hasn’t budged either.
Copper's rise is likely led by Trump's tariffs, weakening its appeal as leading indicator for risk assets, including cryptocurrencies.
Wedbush tech analyst Dan Ives said Tesla CEO Elon Musk needs to refocus on the company after a brutal three-month stretch for Tesla stock.
In a potential violation of government ethics, Howard Lutnick fanned fears of missing out on a Tesla rally by telling voters to buy Tesla stock because it's only going to go up in price.
Electronics manufacturing services provider Jabil (NYSE:JBL) beat Wall Street’s revenue expectations in Q1 CY2025, but sales were flat year on year at $6.73 billion. On top of that, next quarter’s revenue guidance ($7 billion at the midpoint) was surprisingly good and 4% above what analysts were expecting. Its non-GAAP profit of $1.94 per share was 6.2% above analysts’ consensus estimates.
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XRP has secured the third slot among the largest cryptocurrencies after racing ahead of USDT as the SEC dropped charges against Ripple.
Morgan Stanley, Goldman Sachs, and Bank of America are beginning workforce reductions that affect various parts of their operations.
