After a torrid run this past week due to sticky inflation data, the broader U.S. equity market witnessed a recovery of sorts driven by solid quarterly earnings performance from hitherto reported companies. However, investors remained circumspect of key U.S. economic data, slated to be released later this week, which could give a precursor to the Federal Reserve’s stance regarding interest rate cuts this year. Investors were mostly on the tenterhooks with the odds of a rate cut in Fed’s next policy meeting i ...

Iron Mountain (IRM) closed at $76.60 in the latest trading session, marking a +0.99% move from the prior day. This move lagged the S&P 500's daily gain of 1.2%. At the same time, the Dow added 0.69%, and the tech-heavy Nasdaq gained 1.59%.The the stock of real estate investment trust has fallen by 2.97% in the past month, leading the Finance sector's loss of 5.68% and the S&P 500's loss of 4.16%.The investment community will be paying close attention to the earnings performance of Iron Mountain in its upcom ...

The most recent trading session ended with Iron Mountain (IRM) standing at $74.42, reflecting a -0.97% shift from the previouse trading day's closing. This change lagged the S&P 500's daily loss of 0.22%. Elsewhere, the Dow saw an upswing of 0.06%, while the tech-heavy Nasdaq depreciated by 0.52%.Shares of the real estate investment trust have depreciated by 6.26% over the course of the past month, outperforming the Finance sector's loss of 6.38% and lagging the S&P 500's loss of 1.66%.The investment commun ...

Iron Mountain (IRM) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this real estate investment trust have returned -6.3% over the past month versus the Zacks S&P 500 composite's -1.7% change. The Zacks REIT and Equity Trust - Other industry, to which Iron Mountain belongs, has lost 8.7% over this period. Now the key question is: Where could the stock be headed in the near te ...

The U.S. inflation rate remains stubborn despite a restrictive monetary policy and an extremely high interest rate regime in the last 24 months. On Apr 10, the Department of Labor reported that the consumer price index (CPI) for March rose 0.4% sequentially and 3.5% year over year. The consensus estimate was for a gain of 0.3% sequentially and 3.4% year over year. The metric for February was for a rise of 0.4% sequentially and 3.2% year over year.Core CPI (excluding volatile food and energy items) for March ...

With recession-proof stocks, this approach is the football equivalent of running the so-called jumbo package. Here, the idea is to get a few critical yards to move the sticks or get into the endzone. However, like the last-mile problem, those yards are often difficult to get.So, what to do? Simple – just grab your biggest, meanest players and run the ball up the middle. It’s not elegant, it doesn’t involve any chicanery and it’s rather predictable. As coaches across all sporting disciplines love to say, it’ ...

Iron Mountain (IRM) ended the recent trading session at $79.20, demonstrating a +0.58% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.15%. Elsewhere, the Dow saw a downswing of 0.02%, while the tech-heavy Nasdaq appreciated by 0.32%.The real estate investment trust's shares have seen a decrease of 2.42% over the last month, not keeping up with the Finance sector's loss of 1.77% and the S&P 500's gain of 1.65%.The investment community will be closely monitoring ...

With a steady increase in Treasury yields due to sticky inflation data, the broader U.S. equity market witnessed a downward trajectory over the past few trading days. The benchmark 10-year Treasury yields climbed to their highest levels since November 2023 and hovered in the vicinity of 4.4%, dragging the equity markets down. Investors began to fret about its probable impact on the Federal Reserve’s next policy meeting in May, with the odds of a rate cut declining significantly.The Core Personal Consumption ...

Shares of Iron Mountain Incorporated (IRM) have gained 12.4% year to date against the industry’s fall of 7%.This Boston, MA-based real estate investment trust (REIT) continues to benefit from its stable and resilient core storage and records management businesses, enabling it to ride the growth curve. The company’s strategic acquisitions and data center business expansion efforts are likely to have paid off well.In February 2024, this Zacks Ranks #1 (Strong Buy) company reported fourth-quarter 2023 adjusted ...

Markets tumbled on Tuesday led by a selloff among the medical sector as US regulators unexpectedly declined to raise payments for private Medicare plans.Additionally, manufacturing data indicated that commodity price pressures are still subdued and left doubts that the Fed will cut rates during the second quarter as markets have anticipated. The 10-year Treasury yield also rose to its highest level in 2024 at 4.37%, indicating a tug and pull effect is on the horizon from investors fleeing bonds and seeking ...