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Inflation Data Release: On Thursday morning, inflation data, including personal consumption expenditures (PCE), consumer spending, and personal income, will be released, with expectations of a 0.3% increase in PCE.

Transportation Sector Performance: The State Street SPDR Transportation ETF (XTN) has risen 4.6% over four days, nearing its 52-week high, driven by significant gains in trucking stocks like Saia and Old Dominion Freight Line.

SoFi Technologies Stock Reaction: SoFi Technologies announced a new public offering of common stock, leading to a 6% decline in its stock after hours, despite being up over 90% year-to-date.

Victoria's Secret Quarterly Numbers: Victoria's Secret is set to release its quarterly earnings, with shares having increased 62% since the last report, although they remain about 15% below their 52-week high.

Industry Overview: The Zacks Mining - Non Ferrous industry includes companies producing essential non-ferrous metals like copper, gold, and silver, which are vital for various sectors such as aerospace, automotive, and construction. The mining process is complex and capital-intensive, requiring significant exploration and development efforts.

Future Prospects: Improving metal prices, particularly for copper, silver, and gold, are expected to benefit the industry amid strong demand driven by sectors like electric vehicles and renewable energy. The U.S. Geological Survey's recognition of certain metals as critical underscores their importance to the economy.

Cost Management Strategies: The industry faces challenges such as a skilled labor shortage and rising production costs. Companies are focusing on improving operational efficiencies, exploring alternative energy sources, and implementing cost-reduction strategies to sustain margins.

Stock Performance and Recommendations: The Zacks Mining - Non Ferrous industry has shown resilience, outperforming its sector despite lagging behind the S&P 500. Notable companies like Southern Copper, Lundin Mining, Centrus Energy, and Coeur Mining are highlighted for their strong growth potential and strategic initiatives.

Recent Earnings Performance: Southern Copper reported third-quarter 2025 earnings of $1.35 per share, exceeding estimates and showing a 21% year-over-year increase, with sales rising 15% to $3.38 billion.

Production Insights: The company experienced a decline in copper production by 6.9% year-over-year, while molybdenum and zinc production increased significantly, with zinc production surging 46%.

Financial Health: Southern Copper generated $1.56 billion in net cash from operating activities, with cash and cash equivalents rising to $3.95 billion, although long-term debt increased to $6.75 billion.

Future Projections: The company anticipates a slight dip in copper production for 2025 but expects significant growth in zinc and silver production, alongside a downward trend in stock estimates, leading to a Zacks Rank of #1 (Strong Buy).