5 Things To Know In Investing This Week: The Uranium Market Is Out Of Balance Issue
Portfolio Pulse from Gary Brode
This week in investing, key topics include uranium production cuts by Kazatomprom, significant job data revisions in the U.S., political proposals for taxing unrealized capital gains, a rise in gold prices, and Target's earnings report. Kazatomprom's production cuts amidst rising demand suggest a potential increase in uranium prices. The U.S. job market saw a major downward revision, raising concerns about economic strength. Political proposals for taxing unrealized gains could disrupt investment strategies. Gold prices hit a new high as the Fed signals rate cuts. Target's earnings beat estimates, but future growth guidance is lowered.

August 28, 2024 | 2:15 pm
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Target reported Q2 earnings of $25.5 billion, surpassing expectations. Despite this, future growth guidance is lowered to 0-1%, indicating potential challenges ahead. The company's gross margins are increasing, but revenue remains below 2022 levels.
Target's earnings beat expectations, but the lowered future growth guidance suggests potential challenges. The increase in gross margins and revenue below 2022 levels indicate mixed signals for investors.
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