Watch Tesla, These Nat Gas Stocks, And This Play On Japan’s Run In Tomorrow’s Trading - Free Websites, Share News And Posts Publicly

MON, MAY 15, 2023

Tomorrow’s Top CNBC Stories Tonight

Tesla

David Faber has a rare and exclusive interview with Elon Musk at 6:15 p.m. ET Tuesday on CNBC.
Shares are up 35% in 2023, but down 10% in a month.

Nat gas

The June contract in the U.S. is now up about 12% in a month.
Thanks to CNBC data chief Gina Francolla for alerting everyone earlier today: Nat gas is rising as the number of natural gas rigs was cut over the last week by the highest amount in seven years.
That’s one indicator of future output.
Most nat gas-focused stocks are having a hard time: EQT is up 6% in the past month, and Southwestern Energy is flat.
Cheniere is down 2% in a month.
Chesapeake Utilities is down 2.8% in a month.
Antero Resources is down 5.7% in a month.

A mining deal

Gold miner Newmont is buying Newcrest.
Investors liked the deal: Newmont was up 2.5% today but remains 33% off the 52-week high.
The VanEck Gold Miners ETF (GDX) is up 18% year to date.
Top performers year to date include Equinox Gold, which is up 65%, and Gold Fields, up about 53%. New Gold is up 44% in 2023.
On the other side of the gold trade, Fortuna is down 6.6% in 2023. Compania de Minas Buenaventura is down nearly 6%, and Coeur is down 1% in 2023.

Platinum

This metal is down 1% in 2023, but up 15% over the past year.
CNBC.com’s London bureau today reported that the World Platinum Investment Council believes demand for the metal will jump almost 30% this year while supply will drop.
There’s a lot of industrial demand for platinum, especially for chemical and glass production in China.
The GraniteShares Platinum Trust (PLTM) is one way to play platinum. It is pretty much on par with the metal itself over the last three months and year to date periods.

Turkey

The iShares MSCI Turkey ETF (TUR), which tracks that nation’s stock market, fell 8.4% today on uncertainty over the Turkish election.
A runoff is set for May 28 between long-time President Recep Erdogan and the candidate representing what many analysts call the more democratic alternative, Kemal Kilicdaroglu.
TUR is now down 20% year to date.
Turkey at one point was seen as a big part of the emerging market complex, but now isn’t even a top 10 country in the iShares MSCI Emerging Markets ETF (EEM). The fund is up 3.6% in 2023 and is made up mostly of stocks in Hong Kong, Taiwan, India, South Korea, Brazil, mainland China, Brazil, South Africa, Thailand and Mexico.

Japan’s run

The Nikkei hit an 18-month high today.
The iShares MSCI Japan ETF (EWJ) tracks Japanese stocks. It is up 11% in 2023 and hit a 52-week high today. The fund does not exactly track the Nikkei, but it’s made up of Japanese stocks. This accounts for the difference in performance.