Welcome to Markets Desk, here's what's moving the needle today.
President Trump is again pressing the Fed to cut rates, calling current levels inappropriate, but the bond market is pushing back hard. With Kevin Warsh now at the helm of the FOMC, the committee opened a new rate-hiking cycle in September, and yields are reflecting exactly that — not the easing Trump is demanding.
Shifting to earnings, Plexus is drawing serious attention after posting record quarterly revenue and flagging a four-and-a-half billion dollar pipeline built on defense and semiconductor equipment demand. Analysts have a Buy on the name, though the valuation is running rich, and the real question now is whether that pipeline converts into sustained margin performance or plateaus here.
Meanwhile, Conagra is quietly making its case as a turnaround story worth watching. The company cut its dividend — a painful but deliberate move — to accelerate debt reduction, and the first quarter of fiscal two thousand twenty seven showed better-than-expected margins as a result. Analysts still carry a Reduce rating, but a roughly five percent yield and improving fundamentals are starting to complicate that thesis.
That's the tape. Markets Desk, signing off the floor.
