Volatility Spikes as Inflation Resurfaces: Stocks to Watch [Yahoo! Finance]
Tecnoglass Inc. Ordinary Shares (TGLS)
Last tecnoglass inc. ordinary shares earnings: 3/2 07:00 am
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Source: Yahoo! Finance
But the latest inflation report had other plans. Rate-cut hopes dwindled following hotter-than-expected inflation data, with stocks experiencing heavy selling pressure as a result. Yesterday's release of the consumer price index (CPI) figures showed that prices rose 0.4% over the previous month and 3.5% year-over-year in March, an unexpected uptick from February's 3.2% annual gain in prices. Both measures were ahead estimates that called for a 0.3% monthly gain and 3.4% annual increase. On a “core” basis (which strips out food and energy), the CPI rose 0.4% on the month and 3.8% over the last year, also above estimates. Expectations for rate cuts notably shifted following the hot print. For the first time in 2024, market participants are now expecting just two rate cuts, with a June cut looking increasingly unlikely. Minutes from the Fed's latest meeting also showed that members remain concerned with cutting rates too soon. This morning eased concerns a bit, with the producer
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News
- Tecnoglass: Promising Long Term With Growing Market Share And Product Innovation [Seeking Alpha]Seeking Alpha
- Tecnoglass Sets Date for First Quarter 2024 ResultsGlobeNewswire
- Tecnoglass Inc. (NASDAQ: TGLS) had its price target raised by analysts at Robert W. Baird from $56.00 to $65.00. They now have an "outperform" rating on the stock.MarketBeat
- Here's Why Tecnoglass (NYSE:TGLS) Has Caught The Eye Of Investors [Yahoo! Finance]Yahoo! Finance
- Tecnoglass Inc. (NASDAQ: TGLS) had its price target raised by analysts at B. Riley from $51.00 to $65.00. They now have a "buy" rating on the stock.MarketBeat
TGLS
Earnings
- 2/29/24 - Beat
TGLS
Sec Filings
- 3/11/24 - Form 4
- 2/29/24 - Form 10-K
- 2/29/24 - Form 8-K
- TGLS's page on the SEC website