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I’ve typically done this stock picking feature in early to mid February as a Stocks We Love type of story, pegging it to Valentine’s Day. The restaurant stocks in particular could do well. Inflation is obviously still a concern for big consumer brands. Consumer prices rose 6.5% over the past 12 months through December, down from a 7.1% pace in November. Up nextMonday: Earnings from TreeHouse Foods (THS), Avis Budget (CAR), FirstEnergy (FE), IAC (IAC) and PalantirTuesday: US CPI; Japan GDP; UK employment report; earnings from Coca-Cola, Asahi Group, Marriott (MAR).
Looking forward The January consumer price index (CPI) , which calculates the average change over time in prices that shoppers pay for goods and services, is slated for Tuesday. Economists and investors will use the number to gauge the odds of a soft landing or hard landing for the economy. The producer price index (PPI) for January, which calculates the change in selling prices received by producers of goods and services, is out on Thursday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Gold miner unearths risky M&A seam
  + stars: | 2023-02-06 | by ( Antony Currie | ) www.reuters.com   time to read: +3 min
That’s precisely what Newmont (NEM.N) boss Tom Palmer has just done, offering $17 billion in stock for Australian gold excavator Newcrest Mining (NCM.AX). At present Newmont is offering a 22% premium to the target’s undisturbed share price, after Newcrest rejected an earlier 17% boost. What Canada’s Barrick Gold (ABX.TO) does in response is the main question. It is the world’s largest gold miner, which at $40 billion sports a market capitalisation 25% higher than Barrick’s. Agnico Eagle Mines (AEM.TO), the $24 billion third-largest miner of the ore, may want to dig in, too.
Loading chart...Organon & Co : "I do not understand why this stock sells at five times earnings." Loading chart...Alibaba Group Holding Ltd : "It's the only China stock I'd buy." Loading chart...Cleveland-Cliffs Inc : "Why be in Cleveland-Cliffs when you can be in Nucor ?" Loading chart...Barrick Gold Corp : "I think the stock is breaking out here. Disclaimer: Cramer's Charitable Trust owns shares of Honeywell.
Gold slips as dollar gains momentum
  + stars: | 2023-01-18 | by ( Ashitha Shivaprasad | ) www.reuters.com   time to read: +2 min
SummarySummary Companies Gold will bounce around $1,900 level in near term - analystBarrick set to report highest quarterly gold output for 2022Jan 18 (Reuters) - Gold prices inched lower on Wednesday as the U.S. dollar firmed, while expectations of a slowdown in the pace of Federal Reserve interest rate hikes limited the losses. A stronger dollar tends to make gold more expensive for buyers holding other currencies. If the narrative continues to be that inflation is cooling and interest rates will come down, then it will be bullish for gold." FEDWATCHLower interest rates tend to be beneficial for bullion, decreasing the opportunity cost of holding the non-yielding asset. On the physical front, Canadian miner Barrick Gold Corp (ABX.TO) reported on Tuesday a 13.4% sequential rise in gold production in what could be its highest quarterly output last year.
We're making several updates to our Bullpen watch list: adding five names, including Caterpillar (CAT), and removing two. Also, adding a stock to the Bullpen does not necessarily mean we would buy it at the current price. Let's go company by company to explain the reasons behind the additions and the removals. 5 stocks added to the Bullpen This aerospace and defense company was formed in 2020 through the combination of Raytheon Company and United Technologies Corporation's aerospace business. 2 stocks removed by the Bullpen We put Barrick Gold in the Bullpen back in March, thinking investors may seek out gold stocks as a safe haven during times of crisis.
Loading chart...Paramount Group Inc : "It is very inexpensive, but at the same time, I don't like office real estate. Extreme Networks Inc : "I think it's a very good networking company. ... Let it cool off a little, and then you can do some buying." Loading chart...Super Micro Computer Inc : "It seems too good to be true, which means we have to ... figure out exactly what that company does." Loading chart...Barrick Gold Corp : "It's got a good yield, but the problem is, is that the dollar's got to get weaker.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Barrick Gold President and CEO Mark BristowBarrick Gold President and CEO Mark Bristow joins 'Closing Bell' to discuss the state of the gold market, the inner workings of Barrick Gold's production capacity and asset supply, as well as the similarities and differences between gold and crypto.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThroughout time, gold has been a safe store of wealth, says Barrick Gold President and CEO Mark BristowBarrick Gold President and CEO Mark Bristow joins 'Closing Bell' to remark on the state of the gold market, the inner workings of Barrick Gold's production capacity and asset supply, as well as the similarities and differences between gold and crypto.
SummarySummary Companies Barrick now expects to exceed 2022 cost guidanceQ3 profit down 30% as gold production falls by 9%All-in sustaining costs up 22.7% from last yearNov 3 (Reuters) - Barrick Gold Corp (ABX.TO), shares hit their lowest level since March 2020 on Thursday after the world's second-biggest gold miner reported a 30.1% drop in third-quarter profit due to weak production and higher costs. Toronto-listed shares were down 6.9% to 18.26 Canadian dollars, on track for their biggest one-day drop in two years. The cost increase was largely down to a 9% fall in gold production from 1.09 million ounces to 988,000 ounces, CEO Mark Bristow told Reuters in an interview. Barrick remains on track to achieve its 2022 production guidance, Bristow said in a statement. Gold prices declined 8% during the third quarter as global central banks raised interest rates to battle surging inflation.
The coming week is also the busiest of the corporate earnings season, with about a third of the S & P 500 companies releasing results. "Historically, the market waits for the last Fed rate hike to be introduced and then the market climbs higher. The S & P 500 was up more than 8.8% for the month. The Dow was up 5.7% on the week, the S & P 500 was up 5.7% and the Nasdaq was up 2.2%. The 50-day moving average is 3,841 for the S & P 500, and it was well above it Friday afternoon for the second time in the past week.
The major indexes all posted gains this week despite a Big Tech beatdown, proving the market can rally without its most valuable stocks. Indeed strength in other sectors — only communication services finished down — helped the overall market to shrug off disappointing earnings results from Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN) and Meta Platforms (META). Alphabet's results fell short of the Street's expectations, but still managed to grow revenue 6% annually off a $65 billion base. (Canada's central bank hiked rates less than expected this week, opting for a 50 basis point hike instead of the expected 75.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Gold slides as U.S. inflation data boosts rate-hike bets
  + stars: | 2022-10-14 | by ( ) www.cnbc.com   time to read: +1 min
Gold prices fell on Friday, adding to the weekly decline, as a hotter-than-expected U.S. inflation reading cemented bets of another hefty Federal Reserve interest rate hike next month. Spot gold fell 0.3% to $1,660.10 per ounce, as of 0123 GMT. Although traditionally considered an inflation hedge, interest rate hikes to combat soaring prices have reduced bullion's appeal since it yields no interest. Barrick Gold Corp, the world's second-largest gold miner, said on Thursday it expected full-year gold production to be at the lower end of its earlier forecast range. Spot silver dipped 0.3% to $18.81 per ounce, platinum fell 0.5% to $891.67 and palladium was 0.3% lower at $2,101.77.
Barrick's quarterly gold output falls sequentially
  + stars: | 2022-10-13 | by ( ) www.reuters.com   time to read: +1 min
Oct 13 (Reuters) - Barrick Gold Corp (ABX.TO), on Thursday reported a fall in third-quarter gold output from the previous quarter and said it expects full-year gold production to be at the low end of the range it forecast earlier. The world's second-largest gold miner warned in August it could exceed its gold production cost guidance as miners battle with inflation and rising costs of labor, energy and mining supplies. Barrick earlier this year forecast 2022 gold production of 4.2 million to 4.6 million ounces. It said its third-quarter gold output fell due to weak production from its Veladero, Carlin and Turquoise Ridge mines. Barrick said the average realized price for the precious metal during the quarter was $1,729 per ounce, down from $1,871 per ounce in the second quarter.
Here is an update on our 7 Bullpen stocks
  + stars: | 2022-10-13 | by ( Paulina Likos | ) www.cnbc.com   time to read: +5 min
We reviewed our Bullpen stocks during the Investing Club's October "Monthly Meeting" on Thursday. Barrick Gold (GOLD): Investors would think that with geopolitical tensions, inflation, and economic uncertainty, this is time for gold to shine. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Our trades on DVN and CRM We sold 100 shares of recently rallying Devon Energy (DVN) and bought 50 shares of beaten-up Salesforce (CRM) on Tuesday morning. Watching these bullpen stocks Some of our Bullpen names that we're keeping tabs on for buying opportunities are Palo Alto Networks (PANW), PepsiCo (PEP) and Estee Lauder (EL). (Jim Cramer's Charitable Trust is long DVN, HON, CRM. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Noul președinte al Tanzaniei, Samia Suluhu Hassan, a anunțat va înființa o comisie care să o consilieze în privința stopării pandemiei COVID-19, relatează Bloomberg. Guvernul a oprit publicarea datelor cu privire la infecțiile cu COVID-19 în luna mai a anului trecut, când numărul deceselor ajunsese la 21, și a declarat că nu va cumpăra niciun vaccin. Hassan a cerut, de asemenea, noului ministru al afacerilor externe Liberata Mulamula să „îmbunătățească relațiile Tanzaniei cu comunitatea internațională” și a cerut unei echipe de negociere cu compania Barrick Gold Corp. să soluționeze rapid o dispută privind impozitele. „Vreau ca discuțiile privind impozitele și alte probleme cu Barrick și cu alți parteneri din domeniul minier să fie rezolvate rapid. Să nu ajungem la un punct în care începem să ne încordăm mușchii împotriva investitorilor”, a spus ea.
Persons: Hassan, John Magufuli Organizations: Barrick Gold Locations: Tanzaniei, străinătate, guvernamentali
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