snvv/iStock via Getty Images With gold structurally elevated, despite interim corrections (sometimes large too, as we have seen in the past few days), and cost pressures not rising, miners are clearly in an earnings-supportive regime. We have already seen equity outperformance in the miners' group. Miners are fundamentally riding on improved capital discipline too. However, much of this improvemen...
snvv/iStock via Getty Images With gold structurally elevated, despite interim corrections (sometimes large too, as we have seen in the past few days), and cost pressures not rising, miners are clearly in an earnings-supportive regime. We have already seen equity outperformance in the miners' group. Miners are fundamentally riding on improved capital discipline too. However, much of this improvement is now better reflected in market pricing than it was earlier in the cycle. I find value in holding the VanEck Gold Miners ETF ( GDX ) in today's macro environment, but aggressive adding is not recommended. GDX is still exposed to a crash in gold prices despite a supportive regime (as history suggests), and valuations are not cheap either. Before moving into the analysis, it helps to understand how GDX is constructed and what drives the earnings of the constituent companies. GDX is a market cap-weighted portfolio of gold mining companies—primarily producers, rather than explorers or asset developers. Their earnings therefore respond quickly to gold prices (relative to operating costs). Roughly a sixth of the portfolio is in royalty and streaming businesses with lower operating cost exposure and steadier margins that dampen (but do not remove) GDX’s sensitivity to mining cost cycles. Company-Specific Fundamentals Positive Late-cycle behavior that I am generally wary of includes aggressive expansion stances across miners, like surging Capex or debt-fueled acquisitions. The current industry posture looks different. Major constituents in GDX, such as Newmont Corporation ( NEM ), Barrick Mining Corporation ( B ), and Agnico Eagle Mines Limited ( AEM ), are emphasizing capital discipline, shareholder returns, and selective project development. That is a supportive environment at the company level that allays late-cycle fears. The presence of royalty and streaming firms such as Franco-Nevada Corporation ( FNV ) and Wheaton Precious Metals Corp. ( WPM ) reduces the overall capita...
In this podcast, Motley Fool contributors Travis Hoium, Lou Whiteman, and Rachel Warren discuss: Starbucks earnings. earnings. GM earnings. earnings. GM's autonomy plans. Will silver's run continue? To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. When you're ready to invest, check out this top 10 list of stocks to buy. Where to invest $1,000 right now? ...
In this podcast, Motley Fool contributors Travis Hoium, Lou Whiteman, and Rachel Warren discuss: Starbucks earnings. earnings. GM earnings. earnings. GM's autonomy plans. Will silver's run continue? To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. When you're ready to invest, check out this top 10 list of stocks to buy. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » A full transcript is below. Should you buy stock in Starbucks right now? Before you buy stock in Starbucks, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Starbucks wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $431,111!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,105,521!* Now, it’s worth noting Stock Advisor’s total average return is 906% — a market-crushing outperformance compared to 195% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of February 4, 2026. This podcast was recorded on Jan. 28, 2026. Travis Hoium: Earning season has begun, and Starbucks is back. Motley Fool Money starts now. Welcome to Motley Fool Money. I'm Travis Hoium joined by Rachel Warren and Lou Whiteman. We have really gotten into earning season. We're in kind of the meat of it over the next couple of weeks, and the big report this morning was Starbucks. Rachel, what did we learn? Rachel Warren: Starbucks, it was a quarter of mixed performance, which I think is something we'v...
The Democratic former speaker of the House, Nancy Pelosi, said on Wednesday that press freedom is “under siege” in the United States after the Trump administration arrested a prominent journalist and searched the home of another. The warning from Pelosi comes on the same day that the Washington Post, which is owned by Jeff Bezos, the Amazon billionaire who has recently sought to curry favor with D...
The Democratic former speaker of the House, Nancy Pelosi, said on Wednesday that press freedom is “under siege” in the United States after the Trump administration arrested a prominent journalist and searched the home of another. The warning from Pelosi comes on the same day that the Washington Post, which is owned by Jeff Bezos, the Amazon billionaire who has recently sought to curry favor with Donald Trump, conducted mass layoffs of its reporters and editors worldwide. “Let’s make no mistake: we are living in a time when the first amendment is under siege here at home,” she said at an annual dinner for reporters covering Congress convened by the Washington Press Club. “Facts are challenged, truth is distorted, and the press is treated by those in power as an enemy, fake news, rather than vital partner.” Pelosi called the arrest last month of former CNN anchor Don Lemon as well as the search of Post reporter Hannah Natanson’s home, in which the FBI seized several electronic devices, “an affront to press freedom meant to scare, chill and silence.” “But amid that political intimidation, we must also reckon with an ongoing and accompanying threat,” the former speaker continued. “Just today, we saw painful layoffs at the Washington Post – part of a broader reprehensible pattern in which corporate decisions are hollowing out newsrooms across the country.” Around one third of the Post’s staff were laid off Wednesday, despite public pleas from journalists to preserve their jobs. In a nod to the paper’s own slogan – “Democracy dies in darkness” – Pelosi said: “A free press cannot fulfill its mission if it is starved of the resources it needs to survive. And when newsrooms are weakened, our republic is weakened with them. Because democracy does die in darkness.” She also said that recent reporting restrictions at the Pentagon, which prompted most correspondents to last year turn in their reporting credentials allowing them access to the building, “raised serious concerns ab...
Today show host Savannah Guthrie, along with her siblings Annie and Cameron, has published a video statement calling for the safe return of their 84-year-old mother Nancy Guthrie, who was reported missing on Sunday. In a video posted to Instagram on Wednesday, the siblings said that their mother is in poor health and is without her medication. Savannah Guthrie also acknowledged reports about a rep...
Today show host Savannah Guthrie, along with her siblings Annie and Cameron, has published a video statement calling for the safe return of their 84-year-old mother Nancy Guthrie, who was reported missing on Sunday. In a video posted to Instagram on Wednesday, the siblings said that their mother is in poor health and is without her medication. Savannah Guthrie also acknowledged reports about a reported ransom letter from alleged kidnappers. “She’s 84 years old. Her health, her heart, is fragile. She lives in constant pain. She is without any medicine. She needs it to survive, and she needs it not to suffer,” Guthrie said. “We, too, have heard the reports about a ransom letter in the media. As a family, we are doing everything that we can. We are ready to talk,” she said. “However, we live in a world where voices and images are easily manipulated. We need to know without a doubt that she is alive and that you have her. We want to hear from you and we are ready to listen.” Nancy Guthrie was last seen by her family at her house near Tucson, Arizona, on Saturday night, and was reported missing the following afternoon after a family member received a call from a member of her church saying that she wasn’t there. The Pima county sheriff, Chris Nanon said he could not rule out foul play, and at a Monday morning briefing, declared “we do in fact have a crime scene” and suggested she did not leave by herself.
China has criticised the European Commission’s anti-subsidy probe into Chinese wind turbine maker Goldwind Science & Technology as “targeted” and “discriminatory”, warning that such measures would undermine Chinese companies’ confidence in the European market and disrupt the bloc’s green transition. “The European side’s related investigations have generalised the concept of ‘foreign subsidies’ and...
China has criticised the European Commission’s anti-subsidy probe into Chinese wind turbine maker Goldwind Science & Technology as “targeted” and “discriminatory”, warning that such measures would undermine Chinese companies’ confidence in the European market and disrupt the bloc’s green transition. “The European side’s related investigations have generalised the concept of ‘foreign subsidies’ and have many problems, such as insufficient evidence for opening cases and a lack of procedural transparency,” China’s Ministry of Commerce said in a statement on Wednesday. “This is a typical case of practising protectionism in the name of fair competition,” it added. Advertisement The European Commission announced an in-depth investigation into the Chinese wind turbine maker on Monday under its foreign subsidies regulation (FSR), a tool adopted in 2023 that has been frequently used to target Chinese companies in sectors ranging from railway rolling stock to solar energy The probe will examine whether financial support from Beijing unlawfully strengthened Goldwind’s position in the European market. Brussels said its preliminary investigations had uncovered “signs” that the company “may have received foreign subsidies that distort competition within the internal market”. Advertisement China’s commerce ministry stressed that Chinese firms in the renewable energy sector were competitive due to their strong innovation and technological edge, adding that Brussels’ “abuse of investigations” harmed China-Europe cooperation, Chinese firms’ confidence in the European Union (EU) and the bloc’s green ambitions. It urged the EU to “immediately correct” its practices, use the foreign subsidies regulation with caution and restraint, and create a fair, just and predictable market environment for cooperation between the two sides. Beijing would “take necessary measures to firmly safeguard the legitimate rights and interests of Chinese enterprises”, it added.