Odd Lots
Introducing: Stock Movers
Apr 13, 2025
Discover the exciting world of stock maneuvers in concise segments. Delve into Newmont's impressive surge following a UBS upgrade and NVIDIA's wild price swings. Explore the impacts of these fluctuations on the larger market, particularly among risk assets. The discussion also highlights recent bank earnings, with JP Morgan catching attention for its impressive stock rise, all sprinkled with delightful anecdotes for a light-hearted twist!
06:20
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Quick takeaways
- Newmont's impressive 24% weekly gain highlights its role as a safe haven amid market volatility and enhanced gold demand.
- NVIDIA's stock volatility illustrates investor uncertainty in tech equities, reflecting broader market sentiments toward risk and AI advancements.
Deep dives
Newmont's Stellar Performance
Newmont emerged as the top performer in the S&P 500 this week, benefiting from the increasing value of gold amid market volatility. With a remarkable 24% gain over the week and an 8% increase on Friday alone, this gold mining company showcased its status as a safe haven asset when traditional options like treasury bonds faltered. UBS analysts further supported Newmont's ascent by upgrading their price target for both the stock and gold, citing a favorable macroeconomic environment for gold investments. This positive momentum is particularly noteworthy, as Newmont experienced its most significant weekly performance since 1998.
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