HL

Silver mining stocks and ETFs have posted their best weekly performance in over four years, driven by a surge in silver prices due to rising gold, expectations of a Federal Reserve rate cut, and a global supply deficit.

Wix.com Ltd. is expected to report strong revenue growth in Q2 2024, driven by increasing adoption of its AI-powered products and growing momentum in its WIX Studio offering. However, rising expenses and macroeconomic volatility remain concerns.

Ingevity Corporation reported a Q2 2024 loss of $283.7 million or $7.81 per share, down from a profit of $35.5 million a year ago. Revenues declined 18.9% year-over-year to $390.6 million, missing estimates. The company revised its sales and adjusted EBITDA guidance for 2024.

Celanese Corporation reported a decline in Q2 2024 earnings from continuing operations and missed the Zacks Consensus Estimate. The company's revenues also decreased year-over-year due to a drop in pricing.

Buenaventura Mining reported its Q2 2024 production results. Gold and silver production at some mines met expectations, while copper and silver output at the El Brocal mine fell short. Tambomayo's production exceeded the company's guidance.