See the full story in the original article.
Read the original on Yahoo Finance ↗
Related news
- The Zacks Analyst Blog Highlights GLD, IAU, GLDM, IAUM, GDX, SGDM and SGDJ
Zacks' Analyst Blog highlights gold ETFs such as GLD, IAU, GLDM and IAUM, and gold miner ETFs including GDX, SGDM and SGDJ, arguing they still make sense for long-term investors. Gold is down about 4.24% year to date in 2026 after a strong 2025, weighed by a stronger U.S. dollar and the Fed's hawkish stance, while ETF inflows and central bank buying provide structural support. Citing Yahoo Finance, UBS sees near-term headwinds potentially pulling gold toward $4,000, but projects $4,600 by December, $5,000 in March, $5,200 in June and $5,400 by September 2027. According to the World Gold Council, central banks bought about 289 tons in the second quarter, up 62% year over year, and global gold ETFs drew a record $31 billion of third-quarter inflows, lifting holdings to a record 4,256 metric tons. The People's Bank of China bought about 23 metric tons in September, and China imported more than 1,000 metric tons of gold in the first eight months of the year.
- The Zacks Analyst Blog Highlights NVIDIA, Philip Morris International, Home Depot and CPI Aerostructures
Zacks' Research Daily updates the Q3 earnings season and provides analyst reports on 16 major stocks, including NVIDIA, Philip Morris and Home Depot, plus microcap CPI Aerostructures. Among 38 S&P 500 members that have reported, earnings are up 48.7% year over year on 14.4% higher revenue, with 84.2% beating EPS estimates and 68.4% beating revenue estimates; excluding Micron, earnings growth for the other 37 members is 10.6%. NVIDIA shares rose 22.1% over the past year, trailing the Zacks Semiconductor - General industry's 28.3% gain, with AI demand as the main driver and customer concentration and China restrictions as risks. Philip Morris gained 36.4%, beating the Zacks Tobacco industry's 28.3%, helped by pricing power and smoke-free products that made up about 42% of Q2 2026 revenue, though full-year cigarette shipments are expected to fall 2-3%. Home Depot shares fell 21.6% over the past year, underperforming the Zacks Retail - Home Furnishings industry's 20.7% decline, and management reaffirmed its modest fiscal 2026 comps growth outlook.
- The Zacks Analyst Blog Highlights Goldman Sachs, JPMorgan and Morgan Stanley
Zacks' analyst blog reports Goldman Sachs delivered strong third-quarter 2026 results, with EPS up 39% year on year to $17.01, beating the Zacks Consensus Estimate by 31.9%. Net revenues rose 23% to $18.68 billion, driven by a 72% jump in equities trading revenue and a 21% rise in investment banking fees, while annualized return on equity improved to 18.7% from 14.2%. The article flags elevated operating expenses, subdued fixed-income trading and capital markets uncertainty as concerns. Goldman trades at a forward P/E of 12.53X, just below the industry average of 12.60X, compared with 13.26X for JPMorgan and 14.36X for Morgan Stanley. Its investment banking fees rose 40% to $9.46 billion in the first nine months of 2026.
- The Zacks Analyst Blog Highlights JPMorgan, ASML, Chevron, Blue Dolphin Energy and AgEagle Aerial Systems
Zacks Equity Research published its Analyst Blog highlights for October 12, 2026, featuring JPMorgan, ASML, Chevron, Blue Dolphin Energy and AgEagle Aerial Systems. Its Research Daily that day included new reports on 16 major stocks and two micro-caps, selected from about 70 reports published by the team. JPMorgan is described as well-positioned, though mortgage trends are uneven and expenses are likely to stay high. ASML carries a Neutral view, balancing AI-driven demand against export-control uncertainty in China. Chevron produced 4.07 million BOE/day in Q2 2026, up 20% year over year, and carries an Outperform recommendation.
- Lundin Mining Corporation : Lundin Mining Pre - Announces Items Impacting the Third Quarter 2026 Results
Lundin Mining pre-announced items affecting its third quarter 2026 results. Revenue is expected to benefit from about $51 million in positive provisional pricing adjustments on prior-period concentrate sales, mainly for copper. Severe winter storms in Chile's Atacama region caused power outages and temporary suspensions at Caserones, leading to about $66 million in mine standby costs, including $21 million of incremental storm costs and $45 million of fixed overhead; these will be excluded from adjusted EBITDA, adjusted earnings and adjusted earnings per share. The company also expects about $9 million in realized losses on gold collar contracts, and it received a $23 million contingent payment from the Neves-Corvo sale to Boliden during the quarter. All figures are unaudited.
- Zacks Earnings Trends Highlights: JPMorgan, Citigroup, Bank of America and Wells Fargo
Zacks' earnings trends report shows Q3 earnings for the 32 S&P 500 members that have reported so far are up 52.5% year on year on 15.8% higher revenue, with 81.3% beating EPS estimates and 71.9% beating revenue estimates, though Micron's outsized gains boosted the growth rate. Earnings growth is expected to be double-digit for an eighth straight quarter, with 14 of 16 Zacks sectors forecast to grow. Despite headline earnings misses at JPMorgan and Bank of America, the big banks posted strong Q3 results, with net interest income up at all four and equities trading strong while fixed-income trading fell. Their shares have still weakened, as investors weigh interest rate volatility and a possible slowdown in trading revenue. Reported results covering 33% of the Finance sector's market capitalization show earnings up 10%.
Related markets
Latest news
- Why Meta's Q3 earnings could be a little hard to interpret
Meta is reporting its third-quarter earnings after the market closes Wednesday, and Yahoo Finance's Brian Sozzi says the report will be hard to interpret. Recent good news on Meta's AI products, including new models and an AI agent, may not appear directly in the results but will likely be discussed on the earnings call. The key uncertainty is how investors will react if Meta raises its capex outlook again: it could be seen as fueling those products, or as overspending on offerings not yet reflected in financials. Sozzi expects the market to give Meta the benefit of the doubt on higher capex, as long as the increase does not shock investors.
- Zerohash rolls out a new tool to move crypto without copying wallet addresses
Zerohash launched AUTH, a service that lets users move crypto, stablecoins and blockchain-based stock tokens between linked exchange accounts or self-custody wallets without copying wallet addresses or choosing a blockchain network. To transfer, users pick an account in an app that offers AUTH, sign in and approve the move, while the service handles routing and settlement and each app sets which assets and transfer types it allows. AUTH supports more than 600 connections, including Coinbase, Robinhood, Gemini, MetaMask and Phantom, with Coinbase, Robinhood and Gemini live and Kraken in beta. The launch comes as Zerohash's application for a national trust bank charter, returned by the Office of the Comptroller of the Currency in July, remains pending after a narrower refiling on Aug. 18.
- 2 charts show why Wall Street is right to worry about tech stocks
Rising cost of capital could affect the financial statements of hyperscalers such as Oracle (ORCL) and Google (GOOG, GOOGL) in 2027, as they need fresh debt to fund AI infrastructure and free cash flow may turn negative. JPMorgan strategist Mislav Matejka forecasts hyperscaler free cash flow will turn negative in 2027, implying credit markets will drive more of the AI build-out. Consensus estimates for 2027 capital expenditures are already rising from levels experts believe are too low. Morgan Stanley sees total 2027 capex among hyperscalers reaching $1.6 trillion, up from $978 billion estimated for this year. Dan Ives of Yorkville expects capex to reach the trillions and over 1,000 datacenters to be built in the next few years.
- Update on loan rate cuts as of the evening of Oct 19: MB, VietinBank, SHB, OCB join in
SHB, MB, VietinBank and OCB have announced loan rate cuts, following Agribank, Vietcombank, BIDV, ACB, LPBank and VietBank, with typical reductions of 1.5-2% per year. MB is cutting 1.5% per year for five priority sectors, to rates from 7.9% per year, and up to 2% in some cases; VietinBank is cutting up to 2% per year, while OCB offers up to 2.25% per year on some medium- and long-term loans for OCB Priority Banking members. SHB is cutting 1.5-2% per year for businesses and households and offers rates from 5.5% per year for lecturers and students at some universities. Vietcombank commits to cutting at least 2% through year-end, BIDV applies rates from 6% per year on short-term VND loans from 15/10/2026, and VietBank runs a VND 3,000 billion package. Specific benefits depend on borrower type, loan purpose, term and program conditions, following directives from the Government and the State Bank of Vietnam.
- Nvidia wins CPU business from Modal, previously exclusive to AMD and Intel
Modal, a San Francisco-based AI cloud startup that previously ran its AI agent workloads only on Intel and AMD processors, will begin using Nvidia's new Vera CPU. Early tests showed the Nvidia chip doubled work capacity for AI agents, and Modal plans to run it alongside Intel and AMD chips, assigning each task to the most efficient hardware, though integration requires substantial software changes. Modal recently raised $750 million in a round led by Accel at a $15.75 billion valuation and expects $1 billion in sales over the next year, with usage tripled and revenue up more than 15 times year-over-year. Nvidia projects at least $20 billion in Vera chip revenue this fiscal year in a market it estimates at about $200 billion, and says OpenAI, Anthropic, Oracle and Perplexity also plan to use the chips.
- America's EV Plans Have Died
Billions of dollars went into EV factories, dealerships and marketing after President Biden set a goal for 50% of new US car sales to be zero-emission by 2030, but EV sales have since fallen sharply. US EV sales dropped 30.7% in the first nine months of 2026, after the $7,500 tax credit expired on September 30 last year, and gas prices near $4.50 per gallon have done little to lift them. According to Kelley Blue Book, the average transaction price of a new EV was $54,754 in August, above the $50,089 average for all new cars. Ford's EV sales fell 80.2% to 6,047 in the third quarter, and it has no new EV planned until its Fathom launches next year, while Tesla holds over 50% of the market and no other major automaker has even 10%. The article says EVs could recover if gas prices reach $5 and stay there for months, but that is uncertain.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.