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☆ Stocks making the biggest moves premarket: Micron Technology, 3M, AT&T, Delta Airlines and more
▼ + stars: | 2024-04-01 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Micron Technology — Shares ticked up roughly 1.1% after Bank of America increased its price target on the chipmaker, with the analyst forecasting high-bandwidth memory technology demand will grow to more than $20 billion by 2027. 3M — Shares of the manufacturer rose nearly 3% Monday. Barrick Gold, Royal Gold — The gold miner and gold royalty company, respectively, rose 2% and 1.7%. Delta Airlines — Shares climbed about 2% after Morgan Stanley named the Atlanta-based airline stock a top pick for 2024. UPS — Shares ticked up nearly 2% following news that the shipping company would become the primary air cargo provider for the United States Postal Service.

Persons: Robinson, Brandon Oglenski, Barrick, Wells, Morgan Stanley, Michael Saylor, —, Lisa Kailai Han, Jesse Pound, Alex Harring Organizations: Micron Technology, Bank of America, Hunt Transport, C.H, Barclays, Federal, Devon Energy, Delta Airlines, UPS, United States Postal Service Locations: Wells, Atlanta

☆ Here are Wednesday's biggest analyst calls: Apple, Nvidia, Tesla, Spotify, Marvell, Netflix, Disney, DraftKings & more
▼ + stars: | 2024-03-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

"Royal Gold's valuation is now more compelling under our new commodity price assumptions and with modest relative underperformance of Royal Gold share price year to date." Citi reiterates Tesla as neutral Citi lowered its price target on the stock to $196 per share from $224 ahead of the company's delivery numbers in early April. We rate the shares Overweight." Citi reiterates Nvidia as buy Citi said it's sticking with its buy rating on shares of Nvidia. HSBC initiates Spotify as buy HSBC initiated the stock with a buy and said it's "hitting the right notes."

Persons: Morgan Stanley, Tesla, Evercore, Raymond James, GoDaddy, BIL, Baird, Tesla Baird, it's, Wells, Mizuho, Cabot, OEC, Needham, DraftKings, Davidson downgrades Lowe's, UBS downgrades Linde Organizations: Western Digital, KBW, BMO, Royal, Royal Gold, Netflix, JPMorgan, Apple, Deutsche Bank, Citi, Visa, Marvell Citi, UBS, Disney, GE, Nvidia, AMD, HSBC, Spotify, Barclays, JetBlue, LIN Locations: Wells Fargo, GDDY, China, 473.3k

☆ Gold could be poised for another record-setting year. This obscure part of the market may see big gains
▼ + stars: | 2024-01-26 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +7 min

Investors betting on another strong year for gold may want to look at an obscure part of the market: gold streaming and royalty companies. "The profitability of the gold companies wasn't keeping pace with the rise in the gold price." MacRury echoed this sentiment, pointing to historical context as a reason he believes gold prices could hurtle towards new highs. "Past easing cycles over the last 20+ years have corresponded with strong gold prices, and we expect to see gold set new record highs in 2024," he wrote. Shares of Royal Gold popped 7% in 2023, but are down more than 10% in the past 12 months.

Persons: Carey MacRury, Adam Rozencwajg, Canaccord's, Rozencwajg, it's, MacRury, Leigh Goehring, Osisko Organizations: Barrick, CNBC, Royal, Miners, Royal Gold, Barrick Gold, Federal Reserve, Franco, Wheaton Precious Metals Locations: Newmont, Franco, Nevada, Brazil, Russia, China, India, Panama, Wheaton, U.S

☆ UK museums to loan looted gold artifacts to Ghana
▼ + stars: | 2024-01-25 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

CNN —The United Kingdom will send back gold and silver artifacts looted from Ghana in the 19th century after a long-term loan agreement was struck. Both the British Museum and the V&A will send items related to the Asante royal court to Ghana, where they will be displayed at the Manhyia Palace Museum in Kumasi, according to a press release from the UK museums Thursday. “Asante kings grew powerful on local gold deposits and the palace in Kumasi became the focal point for a lucrative international gold trade,” it adds. The items will be displayed in Ghana on a long-term loan. Lissant Bolton, keeper of Africa, Oceania and the Americas at the British Museum, hailed the partnership with the Manhyia Palace Museum.

Persons: Asante, ”, Osei Tutu, Albert Museum “, “ Asante, Albert Museum Tristram Hunt, he’s, Asantehene Otumfuo Osei Tutu II’s, Hunt, Lissant Bolton, Emmanuel Macron, Lord Elgin Organizations: CNN, British Museum, Asante, Albert, Victoria, Albert Museum, “, French Locations: United Kingdom, Ghana, Manhyia, Kumasi, Asante, Victoria, London, Asantehene, Africa, Oceania, Americas, Bolton, Greece

☆ Investors were betting big on crypto and some commodities with options during slow Thanksgiving week
▼ + stars: | 2023-11-27 | by ( Michael Khouw | ) www.cnbc.com time to read: +7 min

The 2.7 million individual trades were far lower than the 5.2 million trades from the Friday a week prior. In fact, the options market itself is saying there is only a 10% chance these calls expire in the money. Call spread risk reversal: Bought MSTR Dec. $600 call $15.40 Sold MSTR Dec. $650 call $8.85 Sold MSTR Dec. $430 put $7.20 Net credit = 65 cents When one sells a downside put one is taking the risk of purchasing the underlying at the strike of the put that is sold. The options flow in these ETFs suggests traders are betting on lower oil and gas prices. Several big names will be reporting earnings, here is a table of those that have weekly options, their earnings-related implied moves, and our options sentiment score.

Persons: Crypto, MARA, outpacing, ProShares UltraShort Organizations: Coinbase Global Inc, Marathon Digital Holdings, Microstrategy Inc, Bollinger Bands, Bloomberg, Oil, ProShares, Gas, ProShares UltraShort Bloomberg, United States Oil Fund, Hecla Mining Co, Royal, Inc, Intuit, Marvell Technology Locations: United States, Opec, Hecla, Kroger

☆ Yasmeen Lari, ‘starchitect’ turned social engineer, wins one of architecture’s most coveted prizes
▼ + stars: | 2023-04-27 | by ( Nicole Mowbray | ) edition.cnn.com time to read: +4 min

CNN —Yasmeen Lari, widely recognised as Pakistan’s first female architect, has become the first woman since Zaha Hadid to win the prestigious Royal Gold Medal, awarded by the Royal Institute of British Architects (RIBA). Lari created the Zero Carbon Cultural Centre in 2011. The Pakistan State Oil Head Office in Karachi (shown here in 1984) was designed by Lari. RIBA President Simon Allford said, “Lari’s mission during her ‘second’ career has empowered the people of Pakistan through architecture, engaging users in design and production. “It’s about seeing how you can help build communities.”Top image: Yasmeen Lari at the Zero Carbon Women Center on Bamboo Stilts in Pakistan, 2011.

☆ These stocks outperform during recessions, and Wall Street sees them doing it again
▼ + stars: | 2022-12-15 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

To protect their assets and potentially continue to see gains, investors are looking to pivot their portfolios into stocks that are poised to outperform during recessions. Then, we found the stocks where analysts expect an upside of at least 10% in the next year. The defensive name also has a healthy increase to analyst's target price – Wall Street sees the company surging more than 19% in the coming year. Southwestern Energy is the only energy company on the list, but it has the largest upside to its target price. Some stocks on the list have slumped year to date, especially technology names Semtech and Skyworks, down nearly 67% and 37%, respectively.

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