Market Beat | Episode #4

In episode 4 of Market Beat by Argus Research, host Caroline Wygal covers a double dose of inflation data: after yesterday's hot CPI print, this morning's Producer Price Index came in at a 6.5% annual rate, up sharply from 5.7% in April, adding more pressure on the Fed. Oracle disappoints after the bell, while Intel surges on an analyst upgrade and corporate travel company Navan rises on strong guidance. Quick takes cover a price target raise on Royal Bank of Canada, a buying opportunity in AutoZone despite recent weakness, and a HOLD on Union Pacific following its landmark merger agreement with Norfolk Southern. The Deeper Dive breaks down gold prices, from their century high of $5,500 in January to where they stand today, and what geopolitics, the dollar, and Fed rate expectations mean for the outlook. Argus's 2026 forecast range is $4,000 to $6,000. For full research and information about Argus subscriptions, visit argusresearch.com.