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Newmont: The 'Time Has Come' As Powell Signals Cut
NewmontNewmont(US:NEM) Seeking Alphaยท2024-08-26 15:30

chameleonseye Newmont: Bullish Breakout Validated I don't think bullish Newmont Corporation (NYSE:NEM) investors are surprised by the robust rally since NEM bottomed out in February 2024. As a result, NEM has continued outperforming the S&P 500 (SPX) (SPY) over the past six months, as investors bet correctly on the lower interest rates ahead. Given Newmont's market leadership and improved execution, it has also outperformed the SPDR Gold Shares ETF (GLD) since its February 2024 lows. In my previous bullish ...