Strength in core storage and record management businesses and solid data center demand are likely to have aided Iron Mountain's (IRM) Q1 earnings. However, high interest expenses remain a concern.
Iron Mountain (IRM), Suzano (SUZ), PulteGroup (PHM), TE Connectivity (TEL) and Valero (VLO) are some of the stocks with high ROE to profit from as markets remain on the edge before Fed policy meeting.
Research firm Nareit’s prediction that 2024 will be a year that top REITs are “well-situated for outsized performance” hasn’t yet come to fruition. Much of its predictive power rested on the assumption that the Fed would cut rates early in the year, which seems increasingly unlikely. Higher and stickier inflation means that Jerome Powell’s “higher for longer” credo wasn’t a bluff but a practical warning, and REITs tend to suffer most in a high-rate environment. But all isn’t lost. Some REIT segm