First-quarter earnings have verified well thus far, but rate-sensitive industries continue to face headwindsCostco's same-store sales figures come out the following Wednesday, and the retailer has received a lot of press for its presence in the gold market​
The debt-dependent group seems to just live and die by the latest moves in the US Treasury bond market. When yields spike, you tend to see an impact to names like Invesco Solar ETF was among the biggest earnings movers after it posted a double miss on the evening of April 23. The $15 billion market cap Semiconductor Materials & Equipment industry company within the Information Technology sector recorded Q1 non-GAAP EPS of $0.
Then, on the afternoon of May 8, First Solar holds its annual shareholder meeting right before a pair of industry companies post their quarterly results; the embattled SolarEdge Technologies , off by more than half since this time in 2023, both post Q1 numbers and host earnings calls. Array Technologies on May 16. So, as executives shed light on existing issues and emerging trends, keep this slice of the market on your radar.
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