Newmont Stock Pops as High Gold Prices Boost Earnings
33 minutes ago
Newmont (NEM) shares jumped Friday after the gold mining giant posted quarterly earnings that topped expectations, with a boost from soaring gold prices. It also announced a new share repurchase program.
Shares were up close to 6% in recent trading, at their highest level in three years. With Friday’s gains, the stock has added roughly three-quarters of its value in 2025.
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Newmont reported second-quarter adjusted earnings per share of $1.43, above the consensus of analysts surveyed by Visible Alpha. Revenue was up 20.1% year-over-year to $5.32 billion, $59 million above estimates.
Gold sales grew 26.5% to $4.58 billion, while copper, silver, lead, and zinc sales all declined. The company noted the average realized gold price during the period was $3,320 per ounce, $973 per ounce higher than a year ago.
CEO Tom Palmer said Newmont put in a strong performance, “producing approximately 1.5 million attributable gold ounces and generating an all time record quarterly free cash flow of $1.7 billion.”
The company also announced another $3 billion in stock buybacks.
UnitedHealth Levels to Watch After Insurer Confirms DOJ Probe
1 hr 37 min ago
UnitedHealth Group (UNH) shares were recovering Friday from a sell-off yesterday that came after the health insurance giant confirmed that it’s the subject of a Department of Justice investigation.
The company said it’s complying with formal criminal and civil requests from the DOJ, a development that follows months of reports that the agency is investigating UnitedHealth’s billing practices in its Medicare Advantage program.
Since setting their April high, UnitedHealth shares have lost more than half their value, with reports of federal scrutiny compounded by a downgraded profit forecast earlier this year and the departure of the company’s CEO. Looking ahead, investors will be watching for updates on the DOJ probe and the company’s financial performance when UnitedHealth reports earnings before the market opens next Tuesday.
UnitedHealth shares fell nearly 5% on Thursday to their lowest closing level since mid-May. The stock, which is the weakest performer in the Dow Jones Industrial Average in 2025, was up 2.5% at around $285 in recent trading.
After briefly consolidating in June, UnitedHealth shares have resumed their strong downtrend on increasing volume this month, a move that has coincided with the 50-week moving average (MA) crossing below the 200-day MA to form an ominous “death cross.”
While the relative strength index confirms bearish price momentum, it also flashes oversold conditions, potentially attracting bargain hunting in the stock.
Investors should watch key support levels on UnitedHealth’s weekly chart around $250 and $215, while also monitoring overhead areas near $325 and $368.
Read the full technical analysis piece here.
Deckers Stock Soars on Strong Earnings
2 hr 34 min ago
Deckers Outdoor (DECK) was the best-performing stock in the S&P 500 this morning after the footwear maker easily beat profit and sales forecasts and gave solid guidance on strong demand for its UGG and Hoka brand shoes overseas.
The company reported first quarter fiscal 2026 earnings per share of $0.93, more than one-third better than the average estimate of analysts surveyed by Visible Alpha. Revenue grew 16.9% to $965 million, also topping expectations.
Year-over-year sales of the Hoka brand jumped 19.8% to $653.1 million, and Ugg brand sales were up 18.9% to $265.1 million. However, sales of other brands dropped 19% to $46.3 million.
International sales soared 49.7% to $463.3 million, while domestic sales declined 2.8% to $501.3 million.
CEO Stefano Caroti said that while uncertainty remains elevated in the global trade environment, “our confidence in our brands has not changed, and the long-term opportunities ahead are significant.”
The company sees current-quarter EPS in the range of $1.50 to $1.55. The Visible Alpha estimate was for $1.51.
Deckers shares were up 14% in recent trading. Even with today’s gains, the stock is down about 40% year-to-date, making it one of the top decliners in the S&P 500 in 2025.
Intel Slides Amid Concerns About Slow Turnaround Progress
3 hr 7 min ago
Intel (INTC) shares plunged Friday, a day after the chipmaker reported quarterly sales that topped estimates, but posted a loss as it works to engineer a turnaround under the leadership of new CEO Lip-Bu Tan.
Shares were down 10% in early trading, threatening to wipe out most of the chipmaker’s stock gains this year.
“There clearly is a better level of discipline at the company under the new CEO but some of these problems may not be fixable,” Jefferies analysts told clients following the results.
“There was no real sense that INTC has turned the corner” in its PC and service businesses, the analysts said, and voiced concerns that Intel’s changes have been “more incremental than sweeping” so far, with a “lack of competitive products until next year.”
They maintained a “hold” rating for the chipmaker’s stock, preferring to sit on the sidelines for now. Analysts at Citi and HSBC also reiterated neutral ratings in the wake of Intel’s earnings call, citing uncertainty around its turnaround efforts.
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HSBC called Intel’s results and outlook “uninspiring” in a Friday note.
“It’s going to take time, but we see clear opportunities to enhance our competitive position, improve our profitability and create long-term shareholder value,” Tan told investors Thursday.
As part of its cost-saving measures, Intel said it plans to lay off more employees, trimming 15% of its workforce. The chipmaker said it is also halting planned projects in Germany and Poland, as well as slowing the construction of its new chipmaking facilities in Ohio.
Major Index Futures Little Changed
4 hr 24 min ago
Futures tied to the Dow Jones Industrial Average were up 0.1%.
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S&P 500 futures also rose 0.1%.
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Nasdaq 100 futures were up fractionally.
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