Top 5 Gold Stocks to Watch: Robinhood, Coca-Cola, Newmont, Cadence Design, and Kraft Heinz
Explore Robinhood, Coca-Cola, Newmont, Cadence Design, and Kraft Heinz as top gold stocks to watch for market insights and investment opportunities.
Investors seeking to diversify their portfolios often turn to gold stocks, which provide exposure to the precious metal without the need to hold physical gold. According to MarketBeat's stock screener tool, Robinhood Markets, Coca-Cola, Newmont Corporation, Cadence Design Systems, and Kraft Heinz are the top five gold stocks to watch today. These companies have recently shown the highest dollar trading volumes among gold stocks, making them noteworthy for investors.
**Robinhood Markets (HOOD)**
Robinhood Markets, Inc. offers a financial services platform in the United States that allows users to invest in stocks, ETFs, American depository receipts, options, gold, and cryptocurrencies. The stock of Robinhood Markets traded up $0.15 during mid-day trading on Friday, reaching $78.50. With a market cap of $69.51 billion and a PE ratio of 44.60, Robinhood has a 12-month low of $13.98 and a high of $79.38, making it a significant player in financial services and gold investments.
**Coca-Cola (KO)**
The Coca-Cola Company is a global leader in manufacturing and selling various nonalcoholic beverages. Its stock traded down $0.37 during midday trading on Friday, hitting $68.84. With a market capitalization of $296.32 billion and a PE ratio of 27.54, Coca-Cola remains a staple in the beverage industry. The company’s one-year low is $60.62, while its high is $74.38, reflecting its steady presence in the market.
**Newmont Corporation (NEM)**
Newmont Corporation is renowned for its production and exploration of gold, as well as other metals such as copper and silver. Its shares traded down $0.04 to $58.22 recently, with a significant market cap of $64.79 billion. The stock's one-year low is $36.86, and its high is $59.16, positioning Newmont as a key player in the gold mining sector.
**Cadence Design Systems (CDNS)**
Offering software, hardware, and services for integrated circuit design worldwide, Cadence Design Systems is another gold stock to watch. Its stock traded down $1.44 during midday trading on Friday, reaching $295.40. With a market capitalization of $80.66 billion, Cadence has a one-year low of $221.56 and a high of $326.19, underscoring its role in the tech industry.
**Kraft Heinz (KHC)**
The Kraft Heinz Company manufactures and markets food and beverage products across North America and internationally. Its stock traded up $0.12 to $25.80, with a market cap of $30.54 billion. Kraft Heinz’s one-year low is $25.53, and its high is $36.53, highlighting its influence in the consumer goods market.
As investors explore these top gold stocks, they can gain valuable insights into market trends and potential investment opportunities. These companies represent diverse industries, from financial services and beverages to mining and tech, making them essential to watch in today’s fluctuating market environment.