Gold has pulled back from its all-time highs but remains elevated, trading well above $4,500 an ounce. In the first quarter it was even higher, which means record free cash flows for most of the miners again. Newmont Corp. (NEM) has beat five quarters in a row, highlights Tracey Ryniec, senior stock strategist at Zacks Investment Research.
This big cap gold miner is expected to grow earnings by 28.2% in 2026. Shares of Newmont are up only 9.5% year-to-date as they have sold off from recent highs during the Iran War. Newmont is cheap, with a forward P/E of just 13. Will Newmont report a record quarter?
Newmont Corp. (NEM)
Meanwhile, it’s a big week for tech earnings as the Magnificent Seven stocks start to report. Tesla Inc. (TSLA) was the first of the mega-caps to report earnings. But there are dozens of other companies investors and traders should be watching as well.
Specifically, there’s a good mix of AI infrastructure companies, semiconductors, software companies, banks, homebuilders, and commodities names. The AI infrastructure stocks are breaking out again heading into their reports. The software stocks, while still weak year-to-date, are off their recent lows. Is the worst over?
