Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trad...
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Monday, shares of Green Brick Partners Inc (Symbol: GRBK) entered into oversold territory, hitting an RSI reading of 28.0, after changing hands as low as $63.905 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 36.7. A bullish investor could look at GRBK's 28.0 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of GRBK shares: Looking at the chart above, GRBK's low point in its 52 week range is $50.57 per share, with $80.97 as the 52 week high point — that compares with a last trade of $64.60. Find out what 9 other oversold stocks you need to know about » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trad...
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Thursday, shares of ICICI Bank Ltd (Symbol: IBN) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $30.40 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 66.0. A bullish investor could look at IBN's 29.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of IBN shares: Looking at the chart above, IBN's low point in its 52 week range is $27.416 per share, with $34.565 as the 52 week high point — that compares with a last trade of $30.48. Find out what 9 other oversold stocks you need to know about » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Kemper Corp (Symbol: KMPR) presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is amo...
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Kemper Corp (Symbol: KMPR) presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Kemper Corp an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of KMPR entered into oversold territory, changing hands as low as $45.02 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Kemper Corp, the RSI reading has hit 21.1 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 51.7. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, KMPR's recent annualized dividend of 1.28/share (currently paid in quarterly installments) works out to an annual yield of 2.08% based upon the recent $61.49 share price. A bullish investor could look at KMPR's 21.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on KMPR is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue. Click here to find out what 9 other oversold dividend stocks you need to know about » Also ...
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trad...
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Thursday, shares of International Paper Co (Symbol: IP) entered into oversold territory, hitting an RSI reading of 29.6, after changing hands as low as $36.2144 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 48.6. A bullish investor could look at IP's 29.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of IP shares: Looking at the chart above, IP's low point in its 52 week range is $35.79 per share, with $60.36 as the 52 week high point — that compares with a last trade of $36.16. Find out what 9 other oversold stocks you need to know about » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
(RTTNews) - CSL Limited (CMXHF.PK, CSL.AX, CSLLY) Monday announced it has begun construction on a $1.5 billion expansion of its manufacturing facility in Kankakee, Illinois, aimed at increasing production of plasma-derived therapies for rare and serious diseases. The expansion, part of the company's global manufacturing growth strategy, is expected to create at least 300 new pharmaceutical jobs al...
(RTTNews) - CSL Limited (CMXHF.PK, CSL.AX, CSLLY) Monday announced it has begun construction on a $1.5 billion expansion of its manufacturing facility in Kankakee, Illinois, aimed at increasing production of plasma-derived therapies for rare and serious diseases. The expansion, part of the company's global manufacturing growth strategy, is expected to create at least 300 new pharmaceutical jobs along with around 800 construction and related roles in the local community. CSL said the upgraded facility will enhance its ability to produce plasma-derived therapies and albumin, medicines used to treat conditions such as hemophilia, primary immunodeficiency, and hereditary angioedema, as well as trauma and other critical medical situations. The project is expected to become operational by 2031. The investment builds on more than $3 billion CSL has invested in U.S. operations since 2018, bringing its total U.S. workforce to nearly 19,000 employees, or about 60% of the company's global workforce. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
With so many exchange-traded funds in the market, it's not surprising to see many investors focus almost exclusively on performance. If an ETF has had an exceptionally good year or two, then the odds of investors getting excited about it grow. Conversely, investors have little patience for poor performers, tending to shy away from them even if they have good future prospects. And if they've alread...
With so many exchange-traded funds in the market, it's not surprising to see many investors focus almost exclusively on performance. If an ETF has had an exceptionally good year or two, then the odds of investors getting excited about it grow. Conversely, investors have little patience for poor performers, tending to shy away from them even if they have good future prospects. And if they've already bought a poorly performing ETF, they often sell it at the worst possible moment. The thing that many investors don't fully understand about ETFs is that in some cases, getting the highest possible potential for returns isn't the primary goal. After all, diversification is generally at odds with immediately maximizing your potential profit, because owning just a single stock or two is much more likely to result in massive returns than owning hundreds or even thousands of stocks. Why diversification is helpful is that it also reduces the odds of a complete loss of capital by spreading your investment capital over many different stocks. In that light, the Vanguard Total Stock Market ETF (NYSEMKT: VTI) has been extremely popular for giving investors the widest possible exposure to U.S. stocks. To the chagrin of many of its shareholders, though, it hasn't done as well as rival ETFs that focus on narrower market indicators. In this second article of a three-part series on Vanguard Total Stock Market ETF for the Voyager Portfolio , you'll learn more about the details of this underperformance and why long-term investors shouldn't necessarily avoid this Vanguard ETF even though it might seem like it has already lost the fight. Continue reading
MarineTraffic map showing current ships traffic on Strait of Hormuz dislplayed on a laptop screen and MarineTraffic logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on March 5, 2026. Jakub Porzycki | Nurphoto | Getty Images Oil tankers passing through the Strait of Hormuz "must be very careful," the spokesman for Iran's Ministry of Foreign Affairs warned...
MarineTraffic map showing current ships traffic on Strait of Hormuz dislplayed on a laptop screen and MarineTraffic logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on March 5, 2026. Jakub Porzycki | Nurphoto | Getty Images Oil tankers passing through the Strait of Hormuz "must be very careful," the spokesman for Iran's Ministry of Foreign Affairs warned on Monday. The spokesman, Esmail Baghaei, also defended Iran's attacks on Gulf States, telling CNBC that targeting "military bases and assets" belonging to the United States in the region is "legitimate under international law." The price of crude oil has sharply spiked as the Strait of Hormuz has been effectively closed. "As long as the situation is insecure, I think all tankers, all maritime navigation, must be very careful," said Baghaei, who is also head of the Center for Public Diplomacy. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Hecla Mining (HL 1.35%) stock declined 2.5% through 11:35 a.m. ET Monday on sliding gold prices -- but rising silver prices. War continues to rage in the Middle East, driving investors to buy gold and silver as safe havens. A couple macroeconomic trends are interfering with this instinct, however, and this has been bad news for Hecla stock recently. Silver and gold prices Hecla mainly mines silver...
Hecla Mining (HL 1.35%) stock declined 2.5% through 11:35 a.m. ET Monday on sliding gold prices -- but rising silver prices. War continues to rage in the Middle East, driving investors to buy gold and silver as safe havens. A couple macroeconomic trends are interfering with this instinct, however, and this has been bad news for Hecla stock recently. Silver and gold prices Hecla mainly mines silver. Silver closed at $93.73 per ounce at the end of February, according to data from TradingEconomics.com. It then moved higher, topping $96.10 a week ago. Silver then slid, but today it's bouncing 0.6% to $84.81 per ounce -- which should be good news for Hecla. Gold is the problem, and Hecla also mines gold. Gold closed February around $5,278 per ounce. Prices spiked when U.S. and Israeli forces began bombing Iran, rising as high as $5,416 last Monday before falling back. At last report, gold was trading at $5,095 per ounce, down 1.2% from Friday's close. Silver is still down 12% from its recent high, though, versus gold down only 6%. Silver thus has more room for improvement. Expand NYSE : HL Hecla Mining Today's Change ( -1.35 %) $ -0.28 Current Price $ 20.11 Key Data Points Market Cap $14B Day's Range $ 18.92 - $ 20.11 52wk Range $ 4.46 - $ 34.17 Volume 649K Avg Vol 27M Gross Margin 40.87 % Dividend Yield 0.07 % Two big things affect precious metal prices More broadly, the U.S. dollar index, which compares the dollar's value to a basket of international currencies, is up about 1.7% since the war began. A stronger dollar means you need fewer dollars to buy an ounce of silver. Thus, when the dollar rises, the price of silver (in dollar terms) falls. Interest rates can also affect silver prices. When interest rates rise, investors face the choice between owning silver, which doesn't pay interest, and owning bonds, which do. Investors may sell silver to buy bonds, and when this happens -- again -- the price of silver drops. That's why Hecla stock is down today.
Key Points Silver and gold prices surged after war broke out in the Mideast last week, then started to fall. A stronger U.S. dollar and interest rate worries threaten to hurt the price of silver. 10 stocks we like better than Hecla Mining › Hecla Mining (NYSE: HL) stock declined 2.5% through 11:35 a.m. ET Monday on sliding gold prices -- but rising silver prices. War continues to rage in the Middl...
Key Points Silver and gold prices surged after war broke out in the Mideast last week, then started to fall. A stronger U.S. dollar and interest rate worries threaten to hurt the price of silver. 10 stocks we like better than Hecla Mining › Hecla Mining (NYSE: HL) stock declined 2.5% through 11:35 a.m. ET Monday on sliding gold prices -- but rising silver prices. War continues to rage in the Middle East, driving investors to buy gold and silver as safe havens. A couple macroeconomic trends are interfering with this instinct, however, and this has been bad news for Hecla stock recently. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Silver and gold prices Hecla mainly mines silver. Silver closed at $93.73 per ounce at the end of February, according to data from TradingEconomics.com. It then moved higher, topping $96.10 a week ago. Silver then slid, but today it's bouncing 0.6% to $84.81 per ounce -- which should be good news for Hecla. Gold is the problem, and Hecla also mines gold. Gold closed February around $5,278 per ounce. Prices spiked when U.S. and Israeli forces began bombing Iran, rising as high as $5,416 last Monday before falling back. At last report, gold was trading at $5,095 per ounce, down 1.2% from Friday's close. Silver is still down 12% from its recent high, though, versus gold down only 6%. Silver thus has more room for improvement. Two big things affect precious metal prices More broadly, the U.S. dollar index, which compares the dollar's value to a basket of international currencies, is up about 1.7% since the war began. A stronger dollar means you need fewer dollars to buy an ounce of silver. Thus, when the dollar rises, the price of silver (in dollar terms) falls. Interest rates can also affect silver prices. When interest rates rise, investors face the choice between owning...
In trading on Thursday, shares of the JPMorgan Market Expansion Enhanced Equity ETF (Symbol: JMEE) entered into oversold territory, changing hands as low as $56.66 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls...
In trading on Thursday, shares of the JPMorgan Market Expansion Enhanced Equity ETF (Symbol: JMEE) entered into oversold territory, changing hands as low as $56.66 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of JPMorgan Market Expansion Enhanced Equity, the RSI reading has hit 29.3 — by comparison, the RSI reading for the S&P 500 is currently 36.6. A bullish investor could look at JMEE's 29.3 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Looking at a chart of one year performance (below), JMEE's low point in its 52 week range is $54.1732 per share, with $66.89 as the 52 week high point — that compares with a last trade of $57.24. JPMorgan Market Expansion Enhanced Equity shares are currently trading off about 0.9% on the day. Click here to find out what 9 other oversold dividend stocks you need to know about » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
TrendForce, which tracks global smartphone shipments and production, reports that Samsung’s production matched Apple’s (NASDAQ: AAPL) last year. Total global smartphones reached 1.25 billion across the industry. Apple and Samsung tied with production numbers of 239.8 million. For the year, Apple’s number rose 9% and Samsung’s by 11%. Apple’s newest product was the primary reason ... Samsung Caught...
TrendForce, which tracks global smartphone shipments and production, reports that Samsung’s production matched Apple’s (NASDAQ: AAPL) last year. Total global smartphones reached 1.25 billion across the industry. Apple and Samsung tied with production numbers of 239.8 million. For the year, Apple’s number rose 9% and Samsung’s by 11%. Apple’s newest product was the primary reason ... Samsung Caught Apple In Smartphone Sales
In trading on Monday, shares of the T. Rowe Price Small - Mid Cap ETF (Symbol: TMSL) entered into oversold territory, changing hands as low as $36.03 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In ...
In trading on Monday, shares of the T. Rowe Price Small - Mid Cap ETF (Symbol: TMSL) entered into oversold territory, changing hands as low as $36.03 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of T. Rowe Price Small - Mid Cap, the RSI reading has hit 28.2 — by comparison, the RSI reading for the S&P 500 is currently 33.9. A bullish investor could look at TMSL's 28.2 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Looking at a chart of one year performance (below), TMSL's low point in its 52 week range is $25.8868 per share, with $39.8007 as the 52 week high point — that compares with a last trade of $36.38. T. Rowe Price Small - Mid Cap shares are currently trading off about 2% on the day. Click here to find out what 9 other oversold dividend stocks you need to know about » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
In trading on Monday, shares of the Vanguard Small-Cap Value ETF (Symbol: VBR) entered into oversold territory, changing hands as low as $195.80 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the c...
In trading on Monday, shares of the Vanguard Small-Cap Value ETF (Symbol: VBR) entered into oversold territory, changing hands as low as $195.80 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Vanguard Small-Cap Value, the RSI reading has hit 29.5 — by comparison, the RSI reading for the S&P 500 is currently 39.2. A bullish investor could look at VBR's 29.5 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Looking at a chart of one year performance (below), VBR's low point in its 52 week range is $171.31 per share, with $219.005 as the 52 week high point — that compares with a last trade of $196.38. Vanguard Small-Cap Value shares are currently trading off about 1.5% on the day. Click here to find out what 9 other oversold dividend stocks you need to know about » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
In trading on Monday, shares of the Vanguard S&P Small-Cap 600 Value ETF (Symbol: VIOV) entered into oversold territory, changing hands as low as $98.7661 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30...
In trading on Monday, shares of the Vanguard S&P Small-Cap 600 Value ETF (Symbol: VIOV) entered into oversold territory, changing hands as low as $98.7661 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Vanguard S&P Small-Cap 600 Value, the RSI reading has hit 29.1 — by comparison, the RSI reading for the S&P 500 is currently 33.9. A bullish investor could look at VIOV's 29.1 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Looking at a chart of one year performance (below), VIOV's low point in its 52 week range is $70.6135 per share, with $109.935 as the 52 week high point — that compares with a last trade of $99.66. Vanguard S&P Small-Cap 600 Value shares are currently trading down about 3% on the day. Find out what 9 other oversold stocks you need to know about » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Oil prices are soaring, knocking down transportation stocks today. UPS (UPS 4.68%) shares dropped 4.9% as of 12:05 p.m. ET, potentially giving investors an opportunity. This comes just days after one Wall Street firm raised its price target on UPS, citing its valuable, capital-intensive infrastructure. The HALO effect Last week, Jefferies highlighted UPS as a key HALO trade. That term, reportedly ...
Oil prices are soaring, knocking down transportation stocks today. UPS (UPS 4.68%) shares dropped 4.9% as of 12:05 p.m. ET, potentially giving investors an opportunity. This comes just days after one Wall Street firm raised its price target on UPS, citing its valuable, capital-intensive infrastructure. The HALO effect Last week, Jefferies highlighted UPS as a key HALO trade. That term, reportedly coined by financial advisor Josh Brown, stands for "heavy asset, low obsolescence." It's meant to represent the market rotation out of sectors disrupted by artificial intelligence (AI), including software makers. Jefferies also raised its price target from $130 to $135 per share, according to reports. The new price target would represent 38% upside for UPS stock. Yet the significant tangible assets, physical infrastructure, and lasting economic importance of companies like UPS are now in focus for another reason. The sharp surge in oil prices resulting from the war with Iran is hitting transportation stocks hard today. Expand NYSE : UPS United Parcel Service Today's Change ( -4.68 %) $ -4.79 Current Price $ 97.57 Key Data Points Market Cap $87B Day's Range $ 97.01 - $ 100.63 52wk Range $ 82.00 - $ 123.70 Volume 202K Avg Vol 6.2M Gross Margin 18.53 % Dividend Yield 6.41 % Oil spiked well above $100 per barrel this morning. It has since pared some of those gains, but plenty of uncertainty remains about oil production and the effects of the Middle East conflict. Investors are considering just how high oil prices can go. Long-term investors, though, might view today's drop in UPS stock as an opportunity. Oil prices rise and fall, and the latest shock should be temporary. UPS predicts revenue will return to growth in 2026 after declining nearly 3% in 2025. Today's 5% drop could soon be a distant memory if investors jump back into the stocks of industrial companies like UPS.
The space economy has evolved past the exploratory phase and is becoming more critical to infrastructure here on Earth. With advancements in satellite technology, launch vehicles, and defense capabilities, the global space economy continues to grow rapidly. According to Novaspace's Space Economy Report, the global space economy reached $626 billion in 2025 and is projected to grow at a 12% compoun...
The space economy has evolved past the exploratory phase and is becoming more critical to infrastructure here on Earth. With advancements in satellite technology, launch vehicles, and defense capabilities, the global space economy continues to grow rapidly. According to Novaspace's Space Economy Report, the global space economy reached $626 billion in 2025 and is projected to grow at a 12% compound annual rate, reaching $1 trillion by 2034. For investors looking to capitalize on this boom in the space economy, here are three space stocks to buy in March. Rocket Lab is growing into a key end-to-end player in the space economy Rocket Lab (RKLB 2.15%) is the second-most-used space launch company in the United States. It completed 21 launches in 2025, including a record seven launches in the fourth quarter alone. Right now, Rocket Lab caters to companies looking to send small payloads into orbit with its small-lift launch vehicle, Electron. The company is seeing its revenue per launch go up. Last year, it earned $8.5 million per launch, up from $7.8 million per launch the year before. Rocket Lab plans to debut its medium-lift launch vehicle, Neutron, sometime later this year. This larger launch vehicle will enable Rocket Lab to carry payloads up to 40 times its current capacity, which should help it earn more per launch and achieve higher margins. The company was hoping to launch this in the first quarter of this year, but a setback during a hydrostatic pressure trial in January has pushed its projected launch date back to the fourth quarter. Expand NASDAQ : RKLB Rocket Lab Today's Change ( -2.15 %) $ -1.51 Current Price $ 68.60 Key Data Points Market Cap $40B Day's Range $ 67.82 - $ 71.76 52wk Range $ 14.71 - $ 99.58 Volume 8.4M Avg Vol 24M Gross Margin 31.66 % In addition to launch services, the company has a strong space systems business, designing and manufacturing components to support customers' missions. Last year, the space systems segment generated nearly $403 ...
Shares of gold miner Newmont Mining (NEM 2.82%) rallied 15.7% in February, according to data from S&P Global Market Intelligence. Newmont is the largest mining company in the world that primarily mines gold, while it also generates ancillary revenue from byproducts copper, zinc, silver, lead, and other metals. But as Newmont is primarily a gold producer, the stock is heavily levered to gold prices...
Shares of gold miner Newmont Mining (NEM 2.82%) rallied 15.7% in February, according to data from S&P Global Market Intelligence. Newmont is the largest mining company in the world that primarily mines gold, while it also generates ancillary revenue from byproducts copper, zinc, silver, lead, and other metals. But as Newmont is primarily a gold producer, the stock is heavily levered to gold prices. Gold prices rose during February, bolstering shares, while Newmont also delivered fourth-quarter earnings above consensus. Moreover, a dispute with its JV partner on a certain project actually helped bolster investor sentiment on top of all that. Expand NYSE : NEM Newmont Today's Change ( -2.82 %) $ -3.28 Current Price $ 113.01 Key Data Points Market Cap $127B Day's Range $ 109.31 - $ 113.90 52wk Range $ 42.03 - $ 134.88 Volume 260K Avg Vol 9.8M Gross Margin 49.78 % Dividend Yield 0.87 % Newmont delivers, and reins in Barrick At the beginning of the month, Newmont made an announcement regarding its joint venture with Barrick Mining (B 1.39%) that boosted shares. On February 5, Barrick announced that it intended to spin off its North American mining assets into a separate company and sell a portion of that new company in an IPO. Newmont co-owns one of the mines within the new company, holding a 38.5% stake in Barrick's Nevada Gold Mine (NGM). Following the announcement, Newmont issued a press release stating that any transaction affecting the JV must respect the protections for Newmont contained in those provisions. Newmont in particular wants Barrick to improve operations at NGM, which has seen a "degradation in performance and subsequent asset value over the past six years." It appears Newmont believes an IPO may not attract as high of a price as it otherwise would if the NGM were performing better, and it seems that Newmont wants Barrick to improve operations at that mine before the transaction. Newmont went on to deliver fourth-quarter earnings later in the month, with...
Gigantic US Error Or All Part Of A Plan? Via Rabobank, Anybody thinking US payrolls, even at -92K, matters much in the current environment is probably at the head of the queue to be replaced by an AI soon. That data series is always volatile and 2.5m undocumented workers are estimated to have left the US since Trump was re-elected: 394K foreign-born workers lost their jobs in the reported month wh...
Gigantic US Error Or All Part Of A Plan? Via Rabobank, Anybody thinking US payrolls, even at -92K, matters much in the current environment is probably at the head of the queue to be replaced by an AI soon. That data series is always volatile and 2.5m undocumented workers are estimated to have left the US since Trump was re-elected: 394K foreign-born workers lost their jobs in the reported month while the native-born series rose 877K, albeit after a shocking 2.5m drop of its own the month before. How can anyone take these numbers seriously even if the underlying signal is deadly serious? This is eclipsed by Brent oil this morning trading over $110 with WTI at $107: both look to be going exponential, perhaps even opening up the $150 scenario the GCC warn of. Worse, that doesn’t account for more dramatic moves in diesel, jet fuel, fertilizer, key chemicals like sulphur, and gases like helium, without which not a lot moves in the industrial economy, grows in the agricultural economy, or is produced in terms of metals like copper and tech goods like chips. In short, this is now starting to look like a potential combination of the 1973 post-Yom Kippur War oil shock, the 2022 Russia-Ukraine War commodity shock, and the 2020-21 Covid supply chain shock. The longer this goes on, the more exponential the damage becomes in a domino effect, which is exactly what oil is now showing to a market that saw some takes last week that ‘things could be a lot worse.’ Well, now they are: and if we are still in the same position this time next week, things could be quite terrifying. Yet while credible estimates today are that if all fighting were to suddenly cease, it would take two weeks to start to right the ship and a further two months to get back to normal, what we should call Gulf War 3 is showing many signs of widening its geography and escalating within it. On geography: even if Trump is reportedly now against using the Kurds as a military wedge against Tehran (perhaps due to Turki...