For Immediate Release
Chicago, IL – June 07, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Barrick Gold Corporation (NYSE: ABX – Free Report ), Newmont Mining Corporation (NYSE:NEM) (NYSE: NEM – Free Report ), McEwen Mining Inc. (NYSE: MUX – Free Report ) and Klondex Mines Ltd. (NYSEMKT: KLDX – Free Report ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .
Here are highlights from Tuesday’s Analyst Blog:
Gold Climbs Amid More World Turmoil
Gold prices are on the rise Tuesday amid turmoil in both Washington D.C. and abroad. Prices of the fail-safe commodity are now heading closer to $1,300 an ounce.
In Washington, backlash surrounding President Donald Trump pulling the U.S. out of the Paris climate agreement currently dominates the news. On top of that, former FBI director James Comey is set to testify in front of Congress on Thursday.
In Europe and the Middle East, uncertainty and tragedy have also helped lead to gold’s jump. The recent string of terror attacks in the U.K. come before Thursday’s parliamentary elections, and just a few days ago, Saudi Arabia, the United Arab Emirates, Egypt, Yemen and Bahrain ended diplomatic and even some commercial ties with Qatar, stating that the small Gulf state sponsors terrorism.
The recent wave of political uncertainty around the world and domestically has pusded gold prices up 1.06% to $1296.30 per ounce on Tuesday. Gold’s recent spike comes as the U.S. dollar begins to dip—the two opposite movements often go hand in hand. Last Friday’s weaker-than-expected jobs report also contributed to today’s movement.
Some of the top performing gold and gold mining stocks also jumped today.
Barrick Gold Corporation (NYSE: ABX – Free Report ) stock popped 3.83% in early afternoon trading on Tuesday. Newmont Mining Corporation (NYSE:NEM – Free Report ) is up 2.32%. Canadian gold mining companies McEwen Mining Inc. (NYSE: MUX – Free Report ) and Klondex Mines Ltd. (NYSEMKT: KLDX – Free Report ) gained 4.41% and 3.25%, respectively. And DRDGOLD Limited skyrocketed 7.06%.
Despite today’s jump, gold sits well below its 52-week high of $1,375.08 per ounce, which it reached last summer. However, the price of gold has slowly climbed, with a few big fluctuations, since the start of the year.
Look for gold prices to keep on fluctuating along with the seemingly constant political and social turbulence in the U.S. and around the world.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
Get the full Report on ABX - FREE
Get the full Report on NEM - FREE
Get the full Report on MUX - FREE
Get the full Report on KLDX - FREE
Follow us on Twitter: https://twitter.com/zacksresearch
Join us on Facebook (NASDAQ:FB): https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Barrick Gold Corporation (ABX): Free Stock Analysis Report
Newmont Mining Corporation (NEM): Free Stock Analysis Report
McEwen Mining Inc. (MUX): Free Stock Analysis Report
Klondex Mines Ltd. (KLDX): Free Stock Analysis Report
Original post