Image Source:  The gold stocks’ latest earnings season is just getting underway and should prove fantastic. The miners are set to report their most profitable quarter in years, primarily driven by much higher gold prices. These companies have also mostly forecast holding the line on costs, helping earnings amplify gold’s breakout surge. This sector’s strong and improving fundamentals should increasingly attract back institutional investors.For 31 quarters in a row now, I’ve painstakingly analyzed the latest results reported by ’s major gold miners. This VanEck Gold Miners ETF dominates this sector, commanding 28.9x the assets of its next-largest 1x-long major gold miners-ETF competitor! Right after every earnings season, I dig into the latest quarterly reports from GDX’s 25 largest component stocks including the world’s biggest gold miners.Their new Q1’24 earnings season starts this week and runs until mid-May. Gold stocks listing in the US have 40 calendar days after quarter-ends to file their latest quarterlies with securities regulators. Up in Canada which is the epicenter of the gold-mining universe, that deadline is 45 days. After many years of digging into gold miners’ quarterly and annual reports, some key sector results are predictable in advance.While gold mining is complex and challenging, gold mining earnings are fairly simple. Profits are just the difference between prevailing gold prices and the costs of producing gold. So a great proxy for sector earnings subtracts the GDX-top-25 gold miners’ average all-in sustaining costs from quarterly average gold prices. That reveals the major gold miners’ collective profits per […]

The Dow Jones Industrial Average () and Nasdaq Composite (IXIC) are firmly higher this afternoon, as both indexes cruise toward weekly wins, the latter’s first in five weeks and best since November 3. The tech-heavy index is also pacing for its best day since February thanks to a strong batch of .The S&P 500 Index () is boasting a solid midday lead as well, looking to log its first positive week in April. An added boost could be stemming from a slightly higher-than-expected personal consumption expenditures (PCE) price index for March.  are blasting Alphabet Inc Class A (Nasdaq: ) stock today, following news of the company’s first-quarter earnings and revenue beat, a $70 billion stock buyback plan, and its first dividend. So far today, 382,000 calls and 153,000 puts have already traded hands, which is six times the intraday average volume. Most active is the soon-to-expire 4/26 175-strike call, where positions are being bought to open. GOOGL gapped to a record high of $174.71 earlier and sports a 22.3% lead for 2024.Tutor Perini Corp (NYSE: ) stock is 21.2% higher to trade at $16.84 at last check, leading the New York Stock Exchange (NYSE), after the construction company reported blowout earnings and revenue for the first quarter. The shares hit a three-year high earlier, and are now pacing for their best single-day percentage gain since May 2020 after bouncing off the 40-day moving average. TPC is up 87.4% so far this year. Shares of Kinsale Capital Group Inc (NYSE: ) are down 16.9% to trade at $375.76 at last check, drifting […]

Image Source:  Intel Corp (Nasdaq: ) is down well over 35% versus its year-to-date high but a Goldman Sachs analyst still doesn’t see it as a bargain.  Intel stock has limited upside from here Toshiya Hari reiterated his “sell” rating on the chipmaker this morning as “AI prioritisation continued to weigh on traditional server demand”. He lowered his price objective on INTC as well to $34 that no longer suggests a meaningful upside from here. Hari’s research note arrives a day after the semiconductor giant based out of Santa Clara, California came in shy of revenue estimates for its  and issued disappointing guidance for the future. Note that Intel stock does, however, pay a dividend yield of 1.60% at writing.  Technicals are negative for INTC as well In March, Intel secured an $8.5 billion grant from the U.S. government under its Chips and Science Act as Invezz reported . Still, Toshiya Hari is waiting for signs of progress in its external foundry strategy and stability in its market share in data centre. Other than Goldman Sachs, several other investment firms including Barclays and the Bank of America also trimmed their respective price targets on $INTC on Friday.  Intel has a killer feature in their latest AI accelerator chip, (Gaudi 3) that I don’t see anyone talking about. Ethernet-based high-bandwidth interconnects. No fancy NVLink or Infiniband needed, just 24 fat, 200GbE ethernet pipes. This could be really interesting as an… pic.twitter.com/74P4S5TsSf — LaurieWired (@lauriewired) April 22, 2024 It is worth mentioning here that Intel stock is not attractive in terms […]

Image Source:  With Q4 / fiscal year reports always delayed, the gap between those and Q1 reports always seems really short. And here we are already, back into Q1 earnings season! We have our first batch of reports to cover today, so let’s get into it. Visa (V) Q1 Visa is a great example of our “set it and forget it” approach because the firm is just so steady and predictable. In a set of results reminiscent of pretty much every quarter over the past 3 years, Visa delivered 10% revenue growth on the back of 8% growth in payments volume and 16% growth in cross-border volume. Transactions processed were up 11%. Share repurchases totaled 9.7 million shares at a below-value price of $280.80 ($2.7 billion in buybacks, reducing share count 2.6% from last year). A hefty $23.6 billion remains on the current buyback authorization.Visa’s results prove that the global consumer continues to spend at a healthy clip – good news for nearly everyone in business. The company continues to perform right on-model. The fair value gets just a slight bump up to $327 (from $323). Trading at $275, the stock represents a pretty good value at present. Chipotle (CMG) Q1  stock Chipotle continues to deliver impressive results, showing a restaurant brand that is as strong as ever. Revenue increased 14% on the back of a 7% same-store sales increase combined with 47 new locations. Margins were particularly high, with a 27.5% gross margin representing one of its best profitability […]

Image source:  The wizards at the Fed and US Treasury have been forced to acknowledge that their “transitory,” inflation is, in fact, quite “sticky”. And with the  now acknowledged by the circus of high finance, Treasury yields keep inching up, recently reaching 4.7% — the highest since November. The Fed is stuck: It needs to raise interest rates to tame inflation and make Treasuries more attractive. But , with an already-untenable cost to service the existing debt and loan-dependent industries teetering on the brink.Once the 10-year Treasury yield goes above 5%,  enters especially dangerous territory, endangering industries like the automotive market and commercial real estate that . With no good options, the Fed will be forced to print money one way or another to stimulate borrowing, turning an inflationary creek of their own making into a raging river of dollar destruction. 10-Year Treasury Yield jumps to 4.7%, its highest level since November 1 pic.twitter.com/yObR8D4uY0 — Barchart (@Barchart) April 26, 2024 The only way the Fed can possibly tame inflation is with interest rates so high that everything collapses. Jamie Dimon himself sees  being needed to tame America’s Fed-fueled inflation beast — but with an economy addicted to a low cost of borrowing, this would make loans unaffordable for entire sectors of the economy that can’t do without.A serious implosion in commercial real estate would certainly bleed into the , beginning a chain reaction. Meanwhile, with no chance of the US reigning in spending and getting its fiscal house in order, interest on the US debt can already only be paid with even more borrowed money.That doesn’t even take into account the  with their breaking-down cars, mortgages on homes that need repairs, and credit cards they […]

We kicked off the day with Core PCE Price Index MoM & YoY, PCE Price Index MoM & YoY, Personal Income, and Personal Spending at 7:30 A.M., Michigan Consumer Sentiment Final, Michigan 5-Year Inflation Expectations Final, Michigan Consumer Expectations Final, Michigan Current Conditions Final, and Michigan Inflation Expectations Final at 9:00 A.M., and Baker Hughes Oil & Total Rig Count at 12:00 P.M.Photo by  on  It’s the economy stupid! It’s the Border! Yesterday the street had pegged GDP at roughly up 2.5 %, which is anemic in itself. But the reality came in at 1.6% which is just pitiful. Federal debt continues to outpace GDP by a wide margin. If it were not for government spending, the US GDP would be deeply negative. Taxpayers and actual US citizens covering migrant debit cards and migrant employment that is counted in Unemployment should not count illegal aliens to be counted in the workforce. Now we face a huge dilemma for the US taxpayer – and can the US economy can grow without creating massive piles of new debt. Add in $1 trillion of new US debt every 100 days argues that a debt crisis will emerge for the US in the years ahead. Can the current administration curb spending and realize they doing the opposite of balancing the budget? The line is off in Vegas.Corn futures ended slightly higher as an early end of Brazil’s wet season threatened yields. Brazilian new crop corn sales as of late April are scrapping along at decade […]