Rising commodities are lifting stocks, but not profits. That could be a problem

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 27 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 49%
  • Publisher: 66%

Cent أخبار

Ltd,Average,Energy

The upcoming earnings season is unlikely to deliver, given the first quarter is often a weak period for metals producers and the recent gains in commodity prices won’t be reflected in the results

Commodity prices have been rallying over the past six weeks, but the share prices of major metals producers now face a couple of significant hurdles: high valuations and a challenging earnings season.are set to report their quarterly financial results on April 23. Teck Resources Ltd. will report its results on April 25, with Cameco Corp.

The continuing shift toward electrification and greener sources of energy, which requires huge quantities of copper and other metals, are buttressing commodities, while war and broader tensions in the Middle East are rattling energy markets. As for precious metals, gold briefly hit a fresh record high of US$2,384.50 an ounce on Tuesday, while silver has risen nearly 29 per cent over the past six weeks.

That puts a lot of pressure on these companies to produce profits that will justify the high share prices.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 31. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Analysis-Rising Treasury yields pose a test for richly valued US stocksRising Treasury yields could provide the latest test for a rally that has made U.S. stocks increasingly expensive while taking them to fresh record highs...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Analysis-Rising Treasury yields pose a test for richly valued US stocksExplore stories from Atlantic Canada.
مصدر: SaltWire Network - 🏆 45. / 63 اقرأ أكثر »

Rising Treasury yields pose a test for richly valued US stocksThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
مصدر: KitcoNewsNOW - 🏆 13. / 78 اقرأ أكثر »