MainStreet Bank (MNSB) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, MNSB's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-d ...

After reaching an important support level, Rivian Automotive, Inc. (RIVN) could be a good stock pick from a technical perspective. RIVN recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common ...

Pagaya Technologies Ltd. (PGY) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, PGY's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving average. ...

Core Viewpoint - Newmont Corporation's stock has recently experienced a pullback due to declining gold prices, but the company maintains a long-term bullish trend supported by strong project execution and financial health [1][2][21]. Stock Performance - Newmont's stock fell below its 50-day simple moving average (SMA) at $50.10, indicating a bearish signal, while it remains above its 200-day SMA, suggesting a long-term uptrend [1][2]. - Over the past month, Newmont's shares have decreased by 9.3%, outperforming the Zacks Mining – Gold industry's decline of 11.3% but underperforming the S&P 500's increase of 15.3% [5]. Project Execution and Acquisitions - Newmont is actively investing in growth projects, including the Tanami Expansion 2 in Australia and the Ahafo North expansion in Ghana, which are expected to enhance production capacity and extend mine life [10]. - The acquisition of Newcrest Mining Limited has created a robust portfolio, achieving $500 million in annual run-rate synergies and positioning Newmont favorably in the gold and copper production landscape [11]. Financial Health - Newmont reported a strong liquidity position with $8.8 billion in liquidity, including $4.7 billion in cash and cash equivalents, and a significant operating cash flow increase of approximately 162% year over year [13]. - The company generated a record free cash flow of $1.2 billion in the first quarter and returned $1 billion to shareholders through dividends and share repurchases [13]. Gold Price Dynamics - Despite recent declines, gold prices have increased by roughly 22% this year, with Newmont's average realized gold prices rising around 41% year over year to $2,944 per ounce in the first quarter [14][15]. - Factors such as central bank purchases and geopolitical tensions are expected to support gold prices, which remain above $3,200 per ounce [15]. Dividend and Valuation - Newmont offers a dividend yield of 2% with a payout ratio of 24%, indicating a sustainable dividend backed by strong cash flows [16]. - The stock is trading at a forward price/earnings ratio of 12.07X, approximately 11% lower than the industry average of 13.57X, making it an attractive investment option [18]. Earnings Estimates - Newmont's earnings estimates for 2025 have been revised upward, with a Zacks Consensus Estimate suggesting a year-over-year growth of 12.6% [17][18]. Investment Outlook - Despite recent stock performance challenges, Newmont presents a compelling investment case due to its growth projects, strong financial health, and favorable market conditions for gold [21].

Northrim BanCorp Inc (NRIM) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, NRIM's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the ...

Group 1 - Compass Minerals International, Inc. (CMP) has reached a significant support level and is considered a good investment pick from a technical perspective due to a "golden cross" formation [1] - A golden cross occurs when a stock's short-term moving average, such as the 50-day, crosses above its long-term moving average, like the 200-day, indicating a potential bullish breakout [1][2] - Over the past four weeks, CMP has gained 71.4%, and it currently holds a 2 (Buy) rating on the Zacks Rank, suggesting it may be poised for further breakout [3] Group 2 - The bullish outlook for CMP is reinforced by a positive earnings forecast, with no earnings estimates cut and one revision higher in the past 60 days, leading to an increase in the Zacks Consensus Estimate [3][4] - The combination of earnings estimate revisions and the technical breakout position makes CMP a stock to watch for potential gains in the near future [4]

Harmony Gold Mining Company Limited's (HMY) shares have shot up 55.5% over the past six months, outperforming the Zacks Mining – Gold industry’s gain of 23.6% and the S&P 500’s decline of 0.1%. The rally has been driven by a spike in gold prices and HMY’s strong operating performance. Its peers, Gold Fields Limited (GFI) and DRDGOLD Limited (DRD) , have racked up gains of 43% and 45.2%, respectively, over the same period. HMY’s 6-month Price Performance  Image Source: Zacks Investment ResearchTechnical indi ...

Insteel Industries, Inc. (IIIN) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, IIIN's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving average ...

Technical Analysis - Telefonica Brasil S.A. (VIV) has reached a key level of support, with its 50-day simple moving average crossing above its 200-day simple moving average, indicating a "golden cross" [1] - A golden cross is a bullish technical chart pattern that suggests a potential breakout, characterized by a short-term moving average surpassing a long-term moving average [2] Stock Performance - VIV shares have increased by 10.3% over the past four weeks, indicating positive momentum [3] - The company currently holds a 3 (Hold) rating on the Zacks Rank, suggesting potential for further gains [3] Earnings Outlook - There has been a positive shift in earnings estimates for VIV, with one revision higher and no downward revisions in the past two months, leading to an increase in the Zacks Consensus Estimate [3][4] - The combination of positive earnings outlook and technical indicators positions VIV as a stock to watch for potential gains in the near future [4]

Limbach Holdings, Inc. (LMB) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, LMB's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross."A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving averages ...