Gold is setting record highs, but why prices are soaring now is a complete mystery: ‘The rally is defying a lot of normal thinking' [Fortune]
Reddit, Inc. Class A (RDDT)
Company Research
Source: Fortune
The precious metal is famously seen as a “safe haven,” and the general view is that bullion prices should rise when interest rates fall — which many investors expect will happen later this year. And yet. Take a closer look, and it's far from clear: why is gold suddenly rising right now After trading in a fairly steady range for months, bullion started spiking in early March. It's risen 14% since then and left a string of daily records in its wake. But geopolitical tensions have been high for months, even years, and if anything the outlook for the timing on rate cuts by the Federal Reserve has become muddier in recent weeks. So what's changed? Seasoned executives and analysts offer very different answers to who or what has driven gold to its unprecedented heights: Is it a central bank worried about the dollar's role as an economic weapon? Funds betting that the Federal Reserve's pivot to lower interest rates is imminent? An army of algorithmic traders drawn to gold simply because
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News
- Chip Software Firm Silvaco's Shares Rise Up to 14% After IPO [Yahoo! Finance]Yahoo! Finance
- Chip Software Firm Silvaco's Shares Rise Up to 14% After IPO [BNN Bloomberg (Canada)]BNN Bloomberg
- Reddit, Inc. (NYSE: RDDT) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $40.00 to $55.00. They now have a "neutral" rating on the stock.MarketBeat
- Reddit, Inc. (NYSE: RDDT) had its price target raised by analysts at Citigroup Inc. from $53.00 to $65.00. They now have a "buy" rating on the stock.MarketBeat
- Reddit, Inc. (NYSE: RDDT) had its price target raised by analysts at JMP Securities from $53.00 to $63.00. They now have a "market outperform" rating on the stock.MarketBeat
RDDT
Earnings
- 5/7/24 - Beat
RDDT
Sec Filings
- 5/8/24 - Form 10-Q
- 5/7/24 - Form 8-K
- 5/3/24 - Form SC
- RDDT's page on the SEC website