Core Viewpoint - Newmont Corporation (NEM) has reached a significant support level and shows potential for investors from a technical perspective, particularly after breaking through the 50-day moving average, indicating a short-term bullish trend [1]. Technical Analysis - The 50-day simple moving average is a key indicator for traders and analysts to identify support or resistance levels, and it is particularly important as it marks the initial trend direction [2]. - Over the past four weeks, NEM has experienced a gain of 10.1%, and it currently holds a Zacks Rank 1 (Strong Buy), suggesting further upward movement for the stock [2]. Earnings Estimates - Recent earnings estimate revisions for NEM show a positive trend, with 7 upward revisions compared to none lower for the current fiscal year, indicating growing confidence among investors [3]. - The consensus estimate for earnings has also increased, reinforcing the bullish outlook for NEM alongside the positive technical indicators [3].

Core Insights - Five stocks have been added to the Zacks Rank 1 (Strong Buy) List, indicating strong potential for investment returns Group 1: Stocks and Earnings Estimates - Newmont Corporation (NEM) has seen a 9.4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Wheaton Precious Metals Corp. (WPM) has experienced an 8.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Hallador Energy Company (HNRG) has seen a significant 71.9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Fox Corporation (FOXA) has experienced a 6.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Franco-Nevada Corporation (FNV) has seen a 5.1% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3]

Group 1: Newmont Corporation (NEM) - Newmont Corporation is a producer and explorer of gold and other metals [1] - The Zacks Consensus Estimate for its current year earnings has increased by 9.4% over the last 60 days [1] - The company has a Zacks Rank of 1 and a dividend yield of 1.2%, which is higher than the industry average of 0.0% [1] Group 2: Eni S.p.A. (E) - Eni S.p.A. is an integrated energy company [2] - The Zacks Consensus Estimate for its current year earnings has increased by 2.7% over the last 60 days [2] - The company has a Zacks Rank of 1 and a dividend yield of 4.5%, compared to the industry average of nearly 1% [2]

Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, particularly in the financial sector, but identifying such stocks can be challenging due to inherent risks and volatility [1] Group 1: Growth Stock Identification - The Zacks Growth Style Score system aids in identifying promising growth stocks by analyzing a company's real growth prospects beyond traditional metrics [2] - Newmont Corporation (NEM) is highlighted as a recommended growth stock, possessing a favorable Growth Score and a top Zacks Rank [2] Group 2: Earnings Growth - Earnings growth is a critical factor for growth investors, with double-digit growth being particularly attractive [3] - Newmont's projected EPS growth for the current year is 71.2%, significantly surpassing the industry average of 65.6% [4] Group 3: Cash Flow Growth - High cash flow growth is essential for growth-oriented companies, allowing them to fund new projects without relying on external financing [5] - Newmont's year-over-year cash flow growth stands at 89.5%, well above the industry average of 6% [5] - The company's historical annualized cash flow growth rate over the past 3-5 years is 17.5%, compared to the industry average of 15.4% [6] Group 4: Earnings Estimate Revisions - Positive trends in earnings estimate revisions are correlated with stock price movements, making them an important consideration for investors [7] - Newmont has experienced a 5.4% increase in current-year earnings estimates over the past month, indicating positive momentum [7] Group 5: Overall Positioning - Newmont has achieved a Growth Score of B and a Zacks Rank of 2 due to favorable earnings estimate revisions, positioning it well for potential outperformance [9]

Key Takeaways Newmont's Q3 gold production fell about 15% year over year and marked a third straight sequential drop.The company sees Q4 output roughly matching Q3 as gains at Ahafo North and Nevada offset other declines.Newmont expects 2025 production near 5.9M ounces, though ongoing declines may pressure profitability.Newmont Corporation’s (NEM) gold production declined in the third quarter of 2025, largely linked to its strategic divestment of non-core assets. The move, aimed at sharpening focus on Tier- ...

Financial giants have made a conspicuous bullish move on Newmont. Our analysis of options history for Newmont (NYSE:NEM) revealed 25 unusual trades.Delving into the details, we found 60% of traders were bullish, while 32% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $504,530, and 18 were calls, valued at $1,744,403.Projected Price TargetsAfter evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band ...

Core Viewpoint - Elliott Management has acquired a significant stake in Barrick Mining, indicating potential major changes for the company, including a possible split into two separate entities focused on different geographic regions [1][2]. Group 1: Stakeholder Actions - Elliott Management is reportedly "encouraged" by the potential breakup of Barrick Mining, which has been a topic of discussion since the departure of CEO Mark Bristow [2]. - The idea of a spinoff and possible asset sales has gained traction among analysts following recent leadership changes [2]. Group 2: Company Structure and Market Response - A split would revert Barrick to its pre-2019 structure, prior to its acquisition of Randgold [3]. - Elliott's stake is substantial enough to position it among Barrick's top 10 shareholders, alongside Capital Research & Management and Vanguard [3]. - Following the news, Barrick's NYSE shares rose by 1.4%, resulting in a market capitalization of $63.7 billion, with the stock gaining nearly 135% year-to-date [4]. Group 3: Industry Context - Elliott Management, managing approximately $76 billion in assets, has a history in the mining sector, having previously invested in Anglo American and Triple Flag Precious Metals [4].

Core Insights - The current market environment is characterized as a "golden age of active investing," driven by mispricings and opportunities in smaller market cap securities and international stocks [10][14][61] - There is a significant disparity in market capitalization among the largest companies, with some reaching valuations of over $4 trillion, while smaller companies like American Airlines have market caps around $15 billion [12][13] - The focus on free cash flow yields is emphasized, with many large-cap tech companies exhibiting low yields compared to smaller or undervalued companies [19][90] Market Trends - Active investing has gained traction since 2020, largely due to the dominance of large-cap technology companies and the distortions caused by passive investing [10][11] - International markets, particularly in Europe, have shown strong performance, with the Italian ETF up 52.7% this year, indicating opportunities outside the U.S. [14][57] - The S&P 500's P/E ratio is currently around 31, which, while high, is not unprecedented compared to historical peaks [35][36] Investment Strategies - The strategy of being contrarian is highlighted, suggesting that investors should look for mispriced opportunities and consider free cash flow yields as a critical metric for investment decisions [9][89] - REITs, particularly Realty Income, are suggested as potentially undervalued due to a long period of underperformance, setting the stage for future gains [32][34] - The importance of starting valuation is reiterated, with a focus on companies that have high free cash flow yields as attractive investment opportunities [94] Valuation Metrics - Price-to-sales ratios are discussed as a key valuation metric, with many companies trading at multiples significantly above historical norms, indicating potential overvaluation [45][46] - The current market environment shows a bifurcation where some stocks are highly valued while others remain undervalued, suggesting a need for careful selection [47][61] Macro Economic Factors - The U.S. dollar's performance is noted as a significant factor influencing market dynamics, with a weaker dollar benefiting international investments and commodities [85][86] - The potential for interest rate cuts by the Federal Reserve is anticipated, which could impact various sectors differently, particularly those reliant on economic growth [68][71]

Core Insights - The gold mining sector is experiencing significant price increases, with GDX and GDXJ both doubling in value, while spot gold surpassed $4,000, indicating strong market performance [1][3][10] - Despite the price gains, approximately $5 billion has exited mining ETFs, suggesting that the market is under-owned and that institutional investors are taking profits rather than retail investors fully participating [1][7][45] - Central banks are major players in the gold market, consistently purchasing over 1,000 tonnes of gold annually since 2022, which is double the average of the previous decade, contributing to a structural supply-demand imbalance [11][12][45] Market Dynamics - Gold prices reached historic highs around $4,000 per ounce, with GDX and GDXJ showing year-to-date gains of 115% and 117% respectively, significantly outperforming physical gold [3][17] - The GDX/GLD ratio improved by 40.7% in 2025, indicating a stronger performance of miners relative to gold [5] - Central banks are absorbing 24-29% of annual gold output, while mine supply is only expected to grow by 1%, creating a tight supply situation [13][14] Investment Strategies - A three-tier investment strategy is proposed for retail traders, focusing on core holdings, momentum plays, and premium growth stocks [23][48] - Newmont (NEM) is highlighted as a core holding with a P/E ratio of 13.65x and significant free cash flow potential, while Barrick (B) and Agnico Eagle (AEM) are recommended for momentum and premium growth respectively [24][28][32] - Entry points and stop-loss levels are suggested for each tier to manage risk effectively [27][31][34] Technical Analysis - The technical picture shows that GDX peaked on October 16, 2025, and has since retraced about 9.8%, while GLD has also seen a slight decline [18][19] - Key support levels for GDX are identified around $59.51 and $34.58, which have not been seriously challenged during recent price movements [21] - The current pullback is viewed as a potential opportunity for disciplined buyers rather than a sign of a market breakdown [22][46] Future Outlook - The upcoming December FOMC meeting is a key event to watch, as it may influence central bank behavior regarding gold purchases [47] - The relationship between slow supply growth and steady official demand is expected to persist, providing a favorable environment for gold miners [45][49]

Group 1 - The article emphasizes the importance of not only identifying strong investment opportunities but also the timing and strategy for buying and selling stocks [1] - It introduces the concept of "Cash Management Discipline," which focuses on using cash as a strategic position for overall investment success [1] - The article highlights the significance of stock picking, even for well-known stocks, and the need for daily identification of special trading situations [1] Group 2 - The article discusses the attractiveness of physical gold in the current market, suggesting it is perceived favorably by market participants [2] - It mentions the author's background in software consulting and technology, which aids in identifying market trends and generating trade ideas [2] - The author employs a combination of technical analysis and market psychology to achieve outsized returns, along with a simple trading style to hedge against market volatility [2]