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Gold and copper have been on fire, as geopolitical tensions mount, central banks buy up gold, and AI demand for copper grows. Copper, too, has done well, with copper futures hitting their highest level since 2022 last weekend. Stock picks He named Australian gold miner Northern Star and copper miner Southern Copper as stocks he's bullish on right now. He said against that backdrop, he's getting back into some gold mining stocks such as Gold Fields and K92 Mining. It said that copper demand will already "significantly exceed" supply starting this year — and that's not even accounting for demand growth from data centers.
Persons: Kingsley Jones, Jevons, CNBC's, Jones, Kamil Dimmich, Dimmich, he's, that's, Jefferies, Teck, Ian Roper, Michael Bloom Organizations: Wall Street, U.S . Federal Reserve, Stock, Northern Star, South, K92 Mining, Jefferies, JPMorgan, Teck Resources, North, Astris Advisory Japan KK, CNBC Locations: USA, Europe, South Capital, East, China, Freeport, McMoRan, Lundin, Teck, North America
Opinion | The Economic Luminary Who Loved Solar Eclipses
  + stars: | 2024-04-08 | by ( Peter Coy | ) www.nytimes.com   time to read: +1 min
In 1857, William Stanley Jevons was 22 years old and was working as an assayer for the Sidney Mint. Two eclipses passed over Australia that year, and Jevons enthusiastically tracked both. I think it’s interesting nonetheless, because Jevons went on to become one of the most important economists of his century. Your first glass of orange juice tastes great, the second less so, and the third you pour down the drain. So don’t buy that third glass of orange juice.
Persons: William Stanley Jevons, Jevons, , , Léon, Carl Menger Organizations: Sidney Mint Locations: Australia, Bellevue Hill, Switzerland, Austria
CNBC Daily Open: Mega tech earnings grab attention
  + stars: | 2024-02-02 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 min
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. South Korea led gainsIn Asia, South Korea markets led gains on Friday that tracked Wall Street's rebound from the sell-off of the previous session. Amazon also gave an upbeat guidance for the first quarter as the company reported results that easily topped estimates. Gold demand soarsGeopolitical tensions and a sluggish China economy drove demand for gold to record highs in 2023, the World Gold Council reported. Total gold demand was 4,899 tons last year compared with 4,741 tons in 2022, including over-the-counter transactions and stock flows.
Persons: Jevons Global's Kingsley Jones Organizations: Facebook, New York Stock Exchange, CNBC, Dow, Nasdaq, Meta, Amazon, Apple, Gold Locations: New York City, South Korea, Asia, China
Energy stocks have had a mixed start to the year as ongoing geopolitical uncertainties and fluctuating oil prices continue to affect the sector. One chief investment officer, however, sees potential in oil, naming one immediate and one longer-term investment opportunity. "It's [a] deepwater oil play, very long life there. "We think that there will be some players that will [be the] last folks standing in that game, and we think Petrobras will be one of those." Longer-term play A longer-term play on Jones' radar is Australian petroleum player Woodside Energy , which trades on the Australian and London Stock Exchanges as well as the Nasdaq.
Persons: Jevons Global's Kingsley Jones, CNBC's, Brazil –, Jones Organizations: Petrobras, New York Stock, Woodside Energy, London Stock Exchanges, Nasdaq, Santos Locations: Brazilian, Brazil, Europe, Woodside
As China's electric vehicle market goes from strength to strength, investors worldwide are showing a growing interest in getting involved. The chief investment officer singled out BYD , which recently beat Tesla to become the top global EV maker, as a "favorite" car maker, and battery-making giant Contemporary Amperex Technology ( CATL ). But significant hurdles remain for retail investors before they can be part of China's EV growth story. However, the veteran investor pointed out that ETFs with concentrated positions remain viable options for those seeking exposure to the Chinese EV growth potential. The fund also has a 5% position in Chinese EV maker BYD, according to FactSet data.
Persons: Kingsley Jones, Jevons, CNBC's, BYD, Tesla, Kingsley, Li Auto, BATT, Jones, BATT CGRO Organizations: Jevons Global, Technology, BMW, Hyundai, Honda, China EV, Battery Technology, China Growth, BATT, BYD, CNBC, Alpha, CGRO Locations: Hong Kong, China, U.S, Europe, BYD, Australia, Canberra, Xiaomi
CNBC Daily Open: Big Tech earnings loom large
  + stars: | 2024-01-29 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Tech layoffs surgeSilicon Valley's tech companies are slashing headcount at a rapid pace. Since the start of January, some 23,670 workers have been laid off from 85 tech companies, according to the website Layoffs.fyi. U.S. crude posted its best week, rising 6.27%, since Sept. 1, while the global benchmark was last up 6.35% for the week.
Persons: Dow, Jake Sullivan, Wang Yi, Brent, Kingsley Jones, Jevons, Tesla, Jones Organizations: Artificial Intelligence, Intel, Economic, CNBC, Nasdaq, Tech Locations: Davos, Switzerland, China, Taiwan Beijing, Taiwan, U.S
CNBC Daily Open: Big Tech earnings on tap
  + stars: | 2024-01-29 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. China's luxury reboundChina's luxury sales market is bouncing back. Tech layoffs surgeSilicon Valley's tech companies are slashing headcount at a rapid pace. Since the start of January, some 23,670 workers have been laid off from 85 tech companies, according to the website Layoffs.fyi.
Persons: Google's Bard, Hong, Dow, It's, Brent, Kingsley Jones, Jevons, Tesla, Jones Organizations: Microsoft, CNBC, CSI, Nasdaq, LVMH, Hamas, U.S . West Texas Locations: Asia, Iran, Jordan, U.S
Prefer BYD to Tesla Jones prefers Tesla's Chinese EV rival BYD , which he says is his top EV pick. "I haven't seen anything that would suggest to me that they don't have sales momentum, business momentum, new model release momentum, and indeed, now export momentum," Jones said. Two other EV alternatives Another EV company that Jones likes is Volvo Trucks, a unit under Swedish automaker Volvo . "The reason we like [electric] trucks is that it's the area where Western manufacturers are still pretty strong," he said. Volvo has a "very good" truck business, he said, adding: "In particular, they're making a good transition in terms of electric trucks.
Persons: Tesla, Kingsley Jones, Jevons, , Jones, Tesla Jones, BYD, they're Organizations: EV, CNBC, BYD, Volvo Trucks, Volvo, Nio Locations: U.S, United States, BYD, China, Swedish
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Pro Talks: CIO Kingsley Jones shares how — and where — to invest in AI, EVs and more right nowKingsley Jones of boutique advisory firm Jevons Global specializes in investing in disruptive change. He shared some of his top picks and more with Pro Talks.
Persons: Kingsley Jones, Jevons Organizations: Pro
From electric vehicles, artificial intelligence and geopolitics, opportunities are seized by looking at disruptive changes in the global economy, according to Kingsley Jones of boutique advisory firm Jevons Global. Jones is bullish on the usual Big Tech names, but says they're "boring." "This year our attention has turned to under-valued growth stocks that are natural beneficiaries of AI," he added. To discover more on the themes — and stocks and ETFs — that Jones likes, join CNBC Pro Talks on Thursday, Jan. 25, at 6:30 a.m. BST / 2:30 p.m. SGT / 1:30 a.m. Learn more from our previous Pro Talks: Portfolio manager explains why he has the 'most conviction' in this China tech stock Fund manager reveals the one energy stock to buy right now Forget Tesla.
Persons: Kingsley Jones, Jevons, Koulouris, Jones, Goldman Sachs Organizations: U.S, Big Tech, CNBC, BYD Locations: China
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