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HomeFinanceGarmin Jumps on Fitness, Outdoor Device Sales | Global News Avenue

Garmin Jumps on Fitness, Outdoor Device Sales | Global News Avenue

Garmin Jumps on Fitness, Outdoor Device Sales

Key Points

  • The S&P 500 rose 0.2% on Wednesday, February 19, reaching an all-time high in its second meeting as investors focused on the Federal Reserve’s minutes and removed the tariff proposal.
  • GMIN stock has grown rapidly after GPS equipment manufacturers reported strong sales in their fitness, automotive and outdoor segments.
  • Specialist chemical manufacturer Celanese may continue into the upcoming quarter after reporting the company’s forecasted operating losses.

The earnings released by major U.S. stock indexes are enough to send the S&P 500 to another record high as investors win tariffs and watch company revenues.

The S&P 500 S&P (S&P 500) rose 0.2% at the second consecutive high, while the Dow and Nasdaq stocks rose even more.

Be a market observer Review minutes Starting with the Fed’s January meeting, the meeting showed officials expressed concerns about the possible impact of tariffs on inflation. But the trader is not the latest with President Donald Trump Tariff proposal Recent market progress has not derailed.

garmin(Grmn) Stocks rose more than 12.6%, setting new intraday records and leading the S&P by 500 points. GPS equipment manufacturer Reported better than expected results After quarterly sales, its fitness, automotive and outdoor segments continue to grow. Garmin’s full-year revenue hit a record $6.3 billion.

Microchip technology (MCHP) Announcement Artificial Intelligence (AI) Coding assists chat features to help software developers.

Chip manufacturer simulation equipment (Adid) grew 9.7% after simultaneously increasing dividends and improving its stock buyback program. Manufacturers of low-end chips have seen demand for AI adoption of stimulating consumer electronics to increase sales.

Supercomputer (SMCI)share Stay hot By adding nearly 8.0% speed to the fifth consecutive win. Server manufacturers have been soaring Ambitious income forecast Based on its artificial intelligence technology. The rebound comes after Super Mickro Stocks fell last year After the application requirements are not met. The deadline for delaying annual reports is February 25.

Celanese, a professional chemical manufacturerCE) The biggest decline in S&P 500 trading, predicting its Operational losses may continue Entering the current quarter. The company reported its fourth quarter Operational Loss Its revenue was $1.4 billion after it fell 10% from the previous quarter.

Taser Maker Axon Enterprises(AxonsA analyst downgraded the police equipment company’s competition could increase after a 16.4% drop. Northcoast Research lowered its Axon rating from “buy” to “neutral”.

Rhythm design system (CDN) Software manufacturers that design microchips, whose annual revenue and profit forecasts fell 8.8%, lower than analysts’ estimates. Analysts believe the slowdown in the automotive market is the reason.

Cloud network giant Arista Network (Aneta) Although quarterly estimates exceeded quarterly, it fell 6.4%. The company reported a decline in sales on the meta platform (Yuan) has caused concerns about the company’s dependence on Facebook parents.

Intel shares (INTCAs tech companies are back to some, it’s down 6.1% Recent earnings. After that, several companies including Broadcom (avgo), Taiwan Semiconductor Manufacturing Company (TSM) and private equity firm Silver Lake Management Want to get a segment Company’s.

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