Pages

Friday, November 6, 2026

This free guide explains options the way they should be taught

Hi Trader,

Most “gurus” who teach beginners how to trade options start in the wrong place…

Because they immediately launch into complicated concepts like Greeks, spreads, and implied volatility.

And before long, most new traders are completely lost… and move on.

The free guide I want to share with you today takes a different approach.

Instead of overwhelming you with technical details…

It starts with the basics and shows you exactly how options work, why traders use them, and how they can fit into a simple trading plan.

If you’ve ever wanted to understand options but didn’t know where to start...

This is your chance.

Click here and get your free copy now.

To your trading success,

Dave Aquino
Lead Options Trader, Base Camp Trading


 
 
 
 
 
 

This Week's Bonus Content

Can Oil's Big Rally Deliver Reliable Income? 3 Energy Plays to Watch

By Nathan Reiff. Originally Published: 11/4/2026.

Pumpjacks, storage tanks, and a drilling rig operate in an oil field at sunset.

Key Points

  • Canadian Natural Resources offers a long history of dividend increases supported by its diversified oil and gas operations.
  • Devon Energy's merger with Coterra has expanded its production base, while its shareholder returns now emphasize a fixed dividend and buybacks.
  • XLE provides low-cost exposure to major U.S. energy companies and quarterly distributions, although its concentrated holdings still carry sector risk.
  • Special Report: The Untouched Energy Source Behind a New Eight Year Tax Break

Heading toward the end of the year, energy stocks as a group have widened their performance gap over rivals in other sectors—including tech—thanks to sky-high crude prices, elevated crack spreads, sustained demand, and other factors. While investors can find plenty of ways to capitalize on share price momentum across the sector, energy stocks can also serve as a core component of an income-oriented portfolio.

Canadian Natural Resources Ltd. (NYSE: CNQ) and Devon Energy Corp. (NYSE: DVN) represent two different ways to build income with energy stocks. Unlike more traditional dividend payers in the utilities sector and elsewhere, both companies could benefit from broad momentum across the energy sector. Indeed, CNQ shares are up almost 58% year to date (YTD), while DVN stock has risen about 30%. Investors seeking income potential from energy names should also consider a straightforward exchange-traded fund (ETF) play like the broad Energy Select Sector SPDR ETF (NYSEARCA: XLE).

CNQ: Momentum Continues for Dividend Growth and Production

Today's stock pick is on me (Ad)

Elon can't build his satellite network without one key supplier, and he's paid this company since 2012.

His plan for 1,000,000 satellites could multiply that bill significantly, putting this overlooked stock back in focus.

Dylan has circled December 8th as a key date for this pick.

Claim today's free stock pick before December 8thtc pixel

Canadian Natural Resources is a large, diversified oil and gas producer with major, long-life oil sands assets. Along with the stability of its broad base of oil-producing operations, the company has a steady and impressive history of dividend growth spanning nearly three decades. It currently pays a dividend yield of 3.36% with a payout ratio of 44.4%.

Investors will watch for Q3 2026 earnings for the latest updates. Canadian has already beaten analyst earnings estimates in every quarter over the past two years, and in Q2 2026, it topped revenue predictions by a massive $5.3 billion. This was primarily thanks to its noteworthy production of 1.68 million barrels of oil equivalent per day.

Canadian has raised its annual production guidance based on those results and returned more money to shareholders through dividends and share repurchases. At the same time, it has had the cash flexibility to pay down debt and continue its history of acquisitions, which should help it scale production going forward.

With all this in mind, it's no surprise that most analysts rate CNQ stock a Buy. However, there is some question about whether the stock can maintain its share-price momentum, as Wall Street sees roughly 7% upside going forward.

DVN: Different Dividend Structure as the Company Navigates a Major Merger

Devon is a domestic oil and natural gas producer that previously offered a base dividend supplemented by variable distributions. The company now pays a fixed quarterly dividend, which it increased to 32 cents per share following its merger with Coterra Energy. As of November 2026, this translates to a dividend yield of 2.68% and a payout ratio of 30.4%.

Devon's major merger with Coterra Energy earlier this year has positioned the company to scale production while broadening its exposure to natural gas. This means Devon could benefit if either or both oil and natural gas prices strengthen, generating more free cash flow that could support a larger variable distribution.

On the other hand, Devon may need to reduce its distributions if commodity prices become significantly volatile in the other direction. The merger also brings integration and operational risks that are likely to persist for some time. The company has a major share repurchase program underway, but its track record with the program is limited.

Nonetheless, analysts remain very bullish on DVN shares overall, with 90% calling the company a Buy.

XLE: A Basic Approach to the Sector With Surprisingly Strong Distributions

XLE is a go-to benchmark for the energy sector, and for good reason: the fund has returned almost 50% YTD with a gross expense ratio of just 0.08%, making it an exceptional return at minimal cost based on 2026 performance.

With holdings concentrated in major U.S. oil and gas producers, refiners, and energy service companies, as well as strong trading liquidity, XLE offers investors a relatively straightforward way to invest across the sector. That said, the fund is heavily weighted toward big names like ExxonMobil (NYSE: XOM), which represents just under a quarter of total invested assets—potentially for good reason, given its recent earnings successes.

Many investors see XLE's dividend as a secondary benefit after the fund's potential for price appreciation. But with a yield of 2.27%, it is also a notable source of passive income. For investors looking to boost income without taking an overly granular approach to the energy sector, XLE can provide both momentum and distributions.


This Week's Bonus Content

Charging Ahead: Solid Power’s Pilot Line Leaves the Lab

By Jeffrey Neal Johnson. Originally Published: 10/27/2026.

Solid Power logo displayed over an image of flat, solid-state battery cells arranged on a dark surface.

Key Points

  • Solid Power has begun commissioning its MOBIUS continuous manufacturing pilot line, moving closer to commercial electrolyte production.
  • The new line is designed to increase annual production capacity by 150%, reaching approximately 75 metric tons at its Colorado facility.
  • Solid Power's strong liquidity position supports continued development, while a potential joint venture in South Korea remains an important milestone.
  • Special Report: The Untouched Energy Source Behind a New Eight Year Tax Break

Solid-state batteries represent the next evolutionary leap for the electric vehicle sector, promising longer ranges, faster charging and a drastically lower fire risk than traditional lithium-ion batteries. Yet the sector is notoriously crowded with promotional timelines that rarely result in physical products. Investors evaluating the electric vehicle infrastructure space often struggle to separate genuine engineering progress from speculative concepts.

Recent operational shifts suggest Solid Power, Inc. (NASDAQ: SLDP) is crossing the critical threshold from laboratory research to commercial manufacturing. Solid Power recently began commissioning its MOBIUS continuous manufacturing pilot line in Colorado, introducing materials into a system designed for high-volume production of sulfide-based solid electrolytes. This capacity ramp changes Solid Power's risk profile, shifting the narrative from conceptual research to verifiable supply chain integration.

Bridging the Gap: Solid Power Scales Up Operations

The best investor alive just called this market out (Ad)

Warren Buffett told CNBC's Becky Quick it's tough to find values when everybody is preferring gambling, a blunt line aimed at the broader market, not just meme stocks.

Weiss Ratings runs 1.2 billion calculations a day across all 15,000 publicly traded U.S. stocks, plus crypto and ETFs. The system flagged Nvidia as a Buy back in 2011, before its nearly 30,000% run, and warned on banks ahead of the 2008 crisis.

Three bonus reports now name stocks to buy, stocks to avoid, and crypto picks worth watching.

Click here to see the three bonus reports nowtc pixel

Automotive original equipment manufacturers require absolute consistency. While batch processing works well for initial laboratory testing and early-stage prototyping, it cannot provide the strict process control and repeatability needed to manufacture millions of battery cells.

Automotive safety standards are unforgiving. A battery defect can cause catastrophic thermal events, so automakers cannot tolerate variations in electrolyte composition. Continuous manufacturing minimizes the batch-to-batch discrepancies that can affect early-stage materials producers, helping establish a uniform product profile. Transitioning to continuous manufacturing is one of the main engineering hurdles separating viable commercial suppliers from academic science projects.

Commissioning the MOBIUS line addresses this bottleneck. The electric vehicle industry is facing a secondary adoption wave in which mass-market consumers demand price and range parity with internal combustion engines. Sulfide-based solid electrolytes are widely considered an optimal path to achieving these metrics, but manufacturing complexity has historically sidelined the technology.

Designed specifically for sulfide-based solid electrolytes, the continuous manufacturing pilot line is projected to increase annual output at Solid Power's SP2 facility in Thornton, Colorado, by about 150%. Once fully operational, total facility capacity is expected to reach roughly 75 metric tons per year.

This capacity provides the company with strategic value. Evaluation partners need high volumes of uniform electrolyte to conduct their own heavy-duty cell testing. Supplying around 75 metric tons annually would allow Solid Power to provide automotive and cell manufacturing partners with the material profile they would receive at full commercial scale.

The project's technical foundation has external support through an assistance agreement of up to $50 million from the U.S. Department of Energy. A federal grant of this magnitude involves extensive audits of both the technology and the project timeline. It provides a layer of institutional validation, signaling that the continuous manufacturing process is considered theoretically sound and physically viable.

Fortress Financials: A Valuation Disconnect

Despite these operational strides, the broader equity market has severely punished Solid Power shares. Over the trailing 12 months, Solid Power's stock price has fallen nearly 66%, bringing its market capitalization down to roughly $464 million. This sharp multiple compression largely reflects macro headwinds. Extended periods of high yields naturally push institutional capital away from pre-revenue industrial technology stocks and toward established, cash-flowing assets.

The resulting valuation presents a distinct fundamental disconnect. Solid Power currently trades at a price-to-book ratio of about 0.98, meaning its market capitalization is slightly below the book value of its equity. For a cash-burning technology developer, trading below book value can signal that investors expect imminent bankruptcy or highly dilutive equity offerings to keep operations funded.

A look under the hood reveals a more resilient financial structure. Solid Power has a current ratio of roughly 14.61, indicating a strong balance sheet with enough liquid assets to comfortably fund near-term operating expenses. When an industrial business holds this much liquidity, it can reduce insolvency risk and shift the investment thesis toward execution timing.

While trailing 12-month earnings per share show a loss of roughly 45 cents, the company's cash position helps de-risk its immediate commercialization runway. The market appears to be pricing in worst-case capitalization scenarios, overlooking the liquidity that could allow Solid Power to scale continuous production without accessing unfavorable debt or equity markets in the near term.

Forging Alliances: The South Korea Catalyst

Physical production capacity is a prerequisite for binding commercial agreements. With site acceptance testing of primary powder-processing equipment targeted for the end of October 2026, Solid Power is aligning its operational milestones with major strategic catalysts.

Most notably, management is targeting the announcement of a South Korean electrolyte joint venture by the end of 2026. The Asian battery market, dominated by major players like Samsung SDI, LG Energy Solution and SK On, influences the global electric vehicle industry. Finalizing a joint venture in this region requires the continuous production data that the MOBIUS line is currently generating.

Solid Power operates under joint evaluation agreements with BMW (OTCMKTS: BMWYY), Ford (NYSE: F), SK On and Samsung SDI. These partners are actively testing the sulfide-based electrolyte for potential integration into their next-generation vehicle fleets. To move from evaluation agreements to binding, high-tonnage commercial supply contracts, these partners need proof that continuous manufacturing is viable, including consistent quality across thousands of cell iterations.

A successful ramp at the Colorado facility could satisfy this requirement, positioning Solid Power to negotiate from a foundation of demonstrated industrial capability rather than theoretical projections. If the continuous line can deliver consistent quality at scale, a transition from evaluation to revenue-generating contracts could be the next operational step.

As Solid Power approaches its next earnings release, management is likely to use commissioning data to provide context for the expected pre-revenue cash burn and shift investor focus to upcoming commercial supply agreements.

Plugged in: What Investors Should Watch Next

The transition from batch processing to continuous manufacturing marks a potential inflection point for any industrial technology developer. By commissioning the MOBIUS line, Solid Power has established a verifiable infrastructure footprint that could help supply automotive partners.

While the broader market continues to discount pre-revenue growth equities, Solid Power's balance sheet provides capital to help bridge the gap between pilot production and commercial revenue generation.

Solid-state technology remains a high-risk, high-reward arena. For Solid Power, the ultimate hurdle is translating pilot-line progress into finalized Tier 1 supply contracts. Investors may want to add Solid Power to their watchlist as the business advances toward its targeted year-end South Korea joint venture.

Cautious investors might prefer to wait for official confirmation of commercial offtake agreements before taking a position, while those with a higher risk tolerance might consider current valuation levels an asymmetric entry point ahead of potential supply chain milestones.

Thank you for subscribing to DividendStocks.com's daily newsletter for dividend and income investors that covers ex-dividend stocks, new dividend declarations, dividend stock ideas, and the latest market news.
 
This email content is a sponsored email for Base Camp Trading, a third-party advertiser of DividendStocks.com and MarketBeat.
 
If you have questions or concerns about your newsletter, don't hesitate to email our support team, based in the United States, at contact@marketbeat.com.
 
If you no longer wish to receive email from DividendStocks.com, you can unsubscribe.
 
© 2006-2026 MarketBeat Media, LLC. All rights reserved.
345 N Reid Pl. #620, Sioux Falls, South Dakota 57103. USA..
 
Link of the Day: If this is true – we have “lift-off” 

A gold-backed high yield

I'm Garrett Goggin, a 20+ year veteran gold analyst, in the last 3 years alone I've spotted Montage Gold before it went up 2,567%, G2 Goldfields before it went up 1,298%, Reunion Gold before it went up 716% and Highlander Silver before it went up 741%.

And I've just released a new research report on a unique high-yielding gold security.

It's backed by, what I believe, is the world's best gold mine around today.

You get the best of both worlds: a security with a yield that pays you now - plus long term upside on a world class gold mine.

Read here for the full story.

Best,

Garrett Goggin, CFA, CMT
Lead Analyst and Founder, Golden Portfolio


 
 
 
 
 
 

Exclusive Content

Sherwin-Williams Remains Evergreen in a Frozen Housing Market

Author: Chris Markoch. Publication Date: 10/28/2026.

Sherwin-Williams logo on a green-painted wall in a living room, with paint cans, a roller, and a brush nearby.

Key Points

  • Sherwin-Williams shares fell about 2.6% after third-quarter 2026 revenue beat estimates but adjusted earnings per share missed expectations.
  • The company raised its quarterly dividend to 80 cents per share, extending its streak to 48 consecutive annual increases and nearing Dividend King status.
  • Despite a frozen housing market that hurt peers like Whirlpool, Sherwin-Williams grew sales across all segments, led by resilient residential repaint and commercial demand.
  • Special Report: The Untouched Energy Source Behind a New Eight Year Tax Break

Sherwin-Williams Co. (NYSE: SHW) stock fell about 2.8% on Oct. 27, closing near $326. The decline followed the paint maker's third-quarter 2026 earnings report. The headline numbers were mixed: revenue topped expectations, but adjusted earnings per share (EPS) came in light.

The timing didn't help. One day earlier, Whirlpool Corp. (NYSE: WHR) delivered clear evidence that the housing market remains frozen. The appliance maker swung to an adjusted loss of 21 cents per share, while revenue fell 8.8% year over year to $3.68 billion. Whirlpool also cut its full-year guidance for the third time this year and now expects an adjusted loss of about $1.30 per share.

The best investor alive just called this market out (Ad)

Warren Buffett told CNBC's Becky Quick it's tough to find values when everybody is preferring gambling, a blunt line aimed at the broader market, not just meme stocks.

Weiss Ratings runs 1.2 billion calculations a day across all 15,000 publicly traded U.S. stocks, plus crypto and ETFs. The system flagged Nvidia as a Buy back in 2011, before its nearly 30,000% run, and warned on banks ahead of the 2008 crisis.

Three bonus reports now name stocks to buy, stocks to avoid, and crypto picks worth watching.

Click here to see the three bonus reports nowtc pixel

That report set a sour tone for anything tied to housing. Some of SHW's decline appears to be guilt by association. However, investors who look past the headline earnings miss will find a company still growing in a market that isn't.

Paint is one of the few home-related products that never goes out of season. Homeowners can delay a kitchen remodel or a new refrigerator, but a fresh coat of paint is a far cheaper way to refresh a space. That evergreen demand showed up in Sherwin-Williams' results across residential and commercial customers alike.

A Revenue Beat With a Margin Problem

Net sales rose 7.9% to $6.86 billion, ahead of the roughly $6.79 billion analysts expected. All three reportable segments grew at or above company guidance. Price and mix added a mid-single-digit percentage, while acquisitions, volume and currency each added a low-single-digit percentage.

The bottom line was less impressive. Adjusted EPS rose 1.1% to $3.63, below the consensus estimate of about $3.69. Gross margin slipped 140 basis points to 47.8%. Management cited higher raw material and supply chain costs. It also pointed to dilution from Suvinil, the Brazilian paint brand acquired in October 2025. Excluding Suvinil, year-to-date gross margin is flat.

That gap explains the caution. Sherwin-Williams is raising prices to offset inflation, including an 8% increase effective Sept. 1. However, costs are still squeezing margins. The company expects raw material costs to rise by a mid-single-digit percentage for the full year.

Paint Demand Holds Up Where Housing Doesn't

The Paint Stores Group (PSG), the company's largest segment, grew sales 4.7% to $4.02 billion. Same-store sales rose 3.9%, and volume grew by a low-single-digit percentage. That matters in an environment management described as having muted underlying volumes.

Residential repaint grew by a mid-single-digit percentage, marking the 10th of the last 11 quarters with at least mid-single-digit growth. This is the evergreen story in action: with housing turnover stalled, owners who stay put are still refreshing their homes.

Commercial sales grew by a high-single-digit percentage on new business wins, despite soft multifamily completions. Protective and marine sales jumped by a mid-teens percentage. Management credited AI infrastructure, energy and water treatment projects. New residential also outperformed a high-single-digit decline in single-family completions.

The weak spots were telling. PSG's DIY sales fell by a low-single-digit percentage. In the Consumer Brands Group, North American DIY demand remained muted. Property maintenance also remains choppy, with apartment capital projects largely delayed.

A Dividend Story Nearing Royalty

Sherwin-Williams is also a dividend growth story. The company raised its quarterly payout to 80 cents per share in February, extending its streak of annual increases to 48 consecutive years. Another raise in early 2027 would make 49, leaving SHW one year shy of Dividend King status.

The payout is well covered. The $3.20 annual dividend is roughly 27% of the midpoint of 2026 adjusted EPS guidance. The yield is about 1%, making this a dividend growth play rather than an income play. For that kind of investor, the unbroken streak matters more than the size of any single raise.

The contrast with Whirlpool is stark. The appliance maker suspended its dividend in May 2026 to prioritize paying down debt. Both companies face the same frozen housing market. Only one is still raising its payout.

Buybacks round out the capital return story. Sherwin-Williams returned $749 million to shareholders in the quarter. Through the first nine months, that total reached nearly $3 billion.

Guidance Holds, But Valuation Is the Hurdle

Management narrowed full-year adjusted EPS guidance to $11.85 to $12.15. The $12 midpoint is unchanged from the prior range. CEO Heidi Petz warned that leading indicators point to muted demand into 2027.

Valuation is the bigger question. At roughly $326, SHW trades near 27 times the midpoint of 2026 guidance. That is a premium to the S&P 500 and the specialty chemicals sector, but below the stock's own historical forward multiple.

The chart reflects that tension. Shares have traded roughly between $290 and $380 since early 2025. The stock now sits below its 50-week moving average, and the MACD remains in negative territory. Buyers may need a catalyst before paying up again.

Get Paid While Waiting on a Housing Recovery

Sherwin-Williams didn't deliver a clean quarter. Margin pressure is real and may persist while raw material costs rise. Still, the company grew sales in every segment while the broader housing market contracted. For long-term investors, a pullback driven partly by Whirlpool's bad news may be a chance to own a dividend compounder at a discount to its own history.


Exclusive Content

Newmont’s Record Quarter Shows Why Gold’s Floor Is the Real Story

Author: Chris Markoch. Publication Date: 10/25/2026.

Newmont logo over an open-pit mine with haul trucks and excavation equipment at sunset.

Key Points

  • Newmont reported record third-quarter adjusted earnings of $2.20 per diluted share, even as gold prices pulled back from December 2025 highs.
  • Gold has found a resilient floor near $4,000 an ounce, which still leaves Newmont a margin of roughly $2,500 per ounce under its cost guidance.
  • Newmont generated $1.9 billion in free cash flow, funded buybacks and dividends, and maintains a strong balance sheet with $8.8 billion in cash.
  • Special Report: The Untouched Energy Source Behind a New Eight Year Tax Break

Newmont Corp. (NYSE: NEM) reported record adjusted earnings for the third quarter on Oct. 22. However, the more important story for gold investors may be the price of gold itself.

The yellow metal has pulled back considerably from its December 2025 levels. Spot gold has traded between roughly $4,100 and $4,200 per troy ounce in October, below the $4,500 assumption built into Newmont’s 2026 guidance.

The best investor alive just called this market out (Ad)

Warren Buffett told CNBC's Becky Quick it's tough to find values when everybody is preferring gambling, a blunt line aimed at the broader market, not just meme stocks.

Weiss Ratings runs 1.2 billion calculations a day across all 15,000 publicly traded U.S. stocks, plus crypto and ETFs. The system flagged Nvidia as a Buy back in 2011, before its nearly 30,000% run, and warned on banks ahead of the 2008 crisis.

Three bonus reports now name stocks to buy, stocks to avoid, and crypto picks worth watching.

Click here to see the three bonus reports nowtc pixel

Investors may be asking why gold is down. The better question may be why it isn’t down more. Interest rates are rising, and the dollar should, in theory, be getting stronger. Higher oil prices are also squeezing miners’ costs. Each of these is a traditional headwind for gold.

Yet gold appears to have found a solid floor near $4,000 an ounce.

That resilience is telling. It suggests buyers are stepping in on dips rather than heading for the exits.

For a low-cost producer like Newmont, a durable floor matters more than a headline-grabbing peak. Even at $4,000 gold, Newmont’s full-year cost guidance leaves a margin of nearly $2,500 an ounce.

Here’s what the world’s largest gold miner reported and why the floor matters for NEM stock.

Record Q3 Earnings Despite a Lower Realized Gold Price

Newmont reported adjusted net income of $2.3 billion, or $2.20 per diluted share, a third-quarter record. GAAP earnings came in at $2.35 per share. Revenue rose 15% year-over-year to $6.36 billion, and adjusted EBITDA reached $4 billion.

The average realized gold price was $4,317 per ounce, down $97 from the second quarter but up 22% from a year ago.

The company produced 1.3 million attributable gold ounces, plus 11 million ounces of silver and 23,000 tonnes of copper. Newmont reaffirmed its full-year production guidance of 5.3 million ounces and expects the fourth quarter to be its strongest of the year.

Costs Are Improving, But Watch the Fourth Quarter

All-in sustaining costs (AISC) were $1,454 per ounce, down 10% from the second quarter. Newmont also improved its full-year AISC guidance to $1,520 per ounce. At the third quarter’s realized gold price and AISC, that implies a margin of roughly $2,860 per ounce.

There’s a catch. Newmont guided to fourth-quarter AISC of $1,900 per ounce, driven by higher sustaining capital, lower silver output at Peñasquito and higher oil prices. Management also expects unit costs to trend higher in 2027. That may help explain why NEM shares fell about 4% in Friday’s session.

Free Cash Flow Funds Buybacks and Dividends

Newmont generated $1.9 billion in free cash flow during the quarter and has returned $1.9 billion to shareholders since its last earnings call. That includes $1.6 billion in buybacks, with $2.8 billion remaining on its $6 billion authorization.

The company has retired more than 115 million shares since February 2024, or about 10% of its share count. Newmont also declared a quarterly dividend of 26 cents. Its framework keeps total dividends near $1.1 billion a year, meaning per-share payouts rise as the share count falls.

The balance sheet remains strong. Newmont ended the quarter with $8.8 billion in cash and a $3.2 billion net cash position. That’s before a planned $1.95 billion payment to Barrick (NYSE: B) under the amended Nevada Gold Mines agreement.

Red Chris Signals Confidence in Gold’s Floor

Newmont also updated investors on its Red Chris Block Cave project in British Columbia. Development capital is estimated at $4.2 billion to $4.8 billion. A final investment decision is expected in early 2027, with commercial production targeted for 2033.

An important detail is the project’s stress test. Newmont says it delivers a double-digit return across scenarios that include $3,600 gold, roughly $500 below recent spot prices. Management is weighing a multibillion-dollar investment over the next decade based on a price well below today’s floor.

Mining Stocks Offer Gold Exposure Without Custody Concerns

For investors seeking gold exposure, physical bullion comes with practical hurdles. Owners must arrange secure storage and insurance, and eventually have the gold authenticated when they sell. Dealer premiums and bid-ask spreads can also eat into returns. Gold ETFs solve some of those problems, but they hold metal without generating cash.

A miner like Newmont sits in a brokerage account like any other stock. It also offers operating leverage. Newmont estimates that every $100 move in gold changes its revenue and costs by about $505 million. And unlike a gold bar, it pays a dividend.

That leverage cuts both ways. Miners carry operating risks that bullion doesn’t. Newmont dealt with a seismic event at Cadia this year and is monitoring drought conditions at Lihir.

Gold’s $4,000 Floor Could Support NEM Shares

Newmont’s quarter shows a business generating strong cash at gold prices well below this year’s highs. Technically, NEM is testing its 200-day simple moving average near $112.45. If gold’s $4,000 floor holds, that level could prove to be a floor for the stock as well.

Thank you for subscribing to The Early Bird, MarketBeat's 7:00 AM newsletter that covers stories that will impact the stock market each day.
 
This email message is a sponsored email sent on behalf of Golden Portfolio, a third-party advertiser of The Early Bird and MarketBeat.
 
If you have questions about your newsletter, feel free to email our support team, based in South Dakota, at contact@marketbeat.com.
 
If you no longer wish to receive email from The Early Bird, you can unsubscribe.
 
© 2006-2026 MarketBeat Media, LLC.
345 N Reid Place, Suite 620, Sioux Falls, S.D. 57103. USA..
 
Link of the Day: If this is true – we have “lift-off”