Aug 21, 2026 · 6 min
Newmont surges and Ross Stores raises forecast ahead of Nvidia earnings
Newmont Rises, Ross Stores Climbs, Nvidia Mixed Ahead of Quarterly Earnings
This episode breaks down the key corporate earnings, retail trends, and commodity surges that are redefining market momentum ahead of major tech sector updates.
- 1Surging gold and copper prices are fueling a rapid vertical rise for mining giant Newmont.
- 2Ross Stores raised its annual profit outlook following stronger than expected customer engagement.
- 3Walmart is outracing major competitors by rapidly expanding its high-speed electric vehicle charging stations.
The brief
Gold mining giant Newmont is experiencing a vertical rise on the back of surging gold and copper prices, highlighting a broader market shift toward hard assets amid shifting macroeconomic conditions.
At the same time, discount retailer Ross Stores raised its full-year profit forecast, signaling resilient consumer engagement and steady demand in the off-price retail sector despite persistent inflation.
All eyes remain on Nvidia as its stock shows mixed performance ahead of its highly anticipated quarterly earnings, alongside reports of a potential infrastructure investment in Cloverleaf Infrastructure.
Beyond the core market movers, Walmart is quietly outracing traditional competitors like Costco by rapidly expanding its high-speed electric vehicle charging network across the country.
What was said on this episode
9 statements · 9 positive
Newmont Mining rose 43% since mid-to-late July.
“the rise here has been absolutely vertical, 43% since mid to late July”
Listen at 1:16
Gold mining stocks provide leveraged exposure to gold prices.
“gold mining stocks are just another supercharged way of betting on the commodity itself”
Listen at 1:41
Ross Stores rose about 4% after raising its annual profit forecast.
“Ross Stores, another name you guys mentioned earlier. It's up about 4% here after boosting its profit forecast for the year.”
Listen at 1:49
Ross Stores forecasts third-quarter sales growth of 6–7%.
“Their forecast for the third quarter for sales is actually for an increase of 6 to 7%.”
Listen at 2:10
Tariff refunds are boosting consumer companies’ results.
“they're getting some money back and that's boosting their results”
Listen at 2:34
Nvidia will take a minority stake in Cloverleaf Infrastructure to accelerate AI-factory expansion.
“it will take a minority stake in Cloverleaf Infrastructure to accelerate its AI factory buildout”
Listen at 3:10
Nvidia remains viewed bullishly ahead of earnings.
“So still a lot of bullishness on Nvidia ahead of its earnings.”
Listen at 3:37
Walmart has become a major EV-charging player and surpassed Costco and established competitors.
“Walmart has become a major player in the burgeoning business of quickly fueling electric vehicles, speeding past Costco as well as more established charging companies.”
Listen at 4:15
Walmart is rapidly building its own EV-charging network.
“Walmart is building its own network and quickly.”
Listen at 4:53
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
Featuring
Newmont
Nvidia CorporationListen to the full episode and explore every guest, topic, and moment on PodLume.