NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday:
Alcoa Corp., up $2.79 to $35.63.
The aluminum maker handily beat analyst's first-quarter profit forecasts on stronger demand and pricing.
Matson Inc., up $1.12 to $69.60.
The shipping company gave investors an encouraging first-quarter financial update.
General Finance Corp., up $6.78 to $18.95.
United Rentals is buying the freight and storage container company.
J.B. Hunt Transport Services Inc., up $2.39 to $172.16.
The trucking company beat Wall Street’s first-quarter financial forecasts.
TG Therapeutics Inc. down $1.05 to $44.78.
The drug developer's encouraging study results for a multiple sclerosis treatment failed to excite investors.
Marathon Oil Corp., down 31 cents to $10.53.
Oil prices edged lower and weighed down energy company stocks.
Bank of New York Mellon Corp., down $1.94 to $46.07.
Investors were disappointed with the investment bank's first-quarter financial results.
PPG Industries Inc., up $13.44 to $167.41.
The paint and coatings maker beat Wall Street’s first-quarter profit and revenue forecasts.
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7 Precious Metals Stocks That Will Keep Your Portfolio On TrendThe growing acceptance of cryptocurrency is beginning to make mainstream investors rethink their idea of “store of value.” The trendy possibilities of Bitcoin, Ethereum, and any of the dozens of altcoins that exist on the blockchain are trending like the latest fashion.
However, the thing about fashion is that the more things change the more things stay the same. Just like the simple black dress that won’t go out of fashion, the same can be said for precious metals stocks. One way to think about it would be to say that the existence of a growing cryptocurrency market doesn’t change the value of precious metals.
Precious metals have long been known to be a safe-haven asset in times of market volatility and economic crisis. In fact, during the Covid-19 pandemic, gold prices surged about 30% breaking the $2,000 mark for the first time in its history. This was at a time when the prices of many cryptocurrencies were falling.
And precious metals have also been seen as a hedge against inflation, which seems like more of a certainty with the Federal Reserve’s pledge to keep interest rates at historically low rates into 2023.
Whether you’re looking to take your first steps at crafting a precious metals portfolio or if you want to fine-tune the one you have, we believe this special presentation is a good place to start your research. We’ve identified seven precious metals stocks that look to retain their allure in 2021.
View the "7 Precious Metals Stocks That Will Keep Your Portfolio On Trend".
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