Why Intel, Apple, and 3 Other Stocks Are All The Rage Among Investors This Morning

Apple Benefiting From Pokemon Go

As the go-to mobile computing platform provider for hundreds of millions of affluent consumers around the world, it isn’t surprising that Apple Inc. (NASDAQ:AAPL) is benefiting from the Pokemon Go craze; Apple does get 30% of the value of in-app purchases on iPhones after all. What is surprising is how much Apple might benefit from Pokemon Go. For those who aren’t familiar with it, Pokemon Go is an augmented reality mobile game that has caught fire in recent weeks, with large percentages of the tech-savvy population playing the game every day. According to analysts at Needham and Company, Apple could potentially realize $3 billion in revenue over the next year or two from the game. Given that Apple doesn’t really have many expenses associated with the game, a big chunk of that revenue will go straight to Apple’s bottom line. 152 funds in our system had a long position in Apple Inc. (NASDAQ:AAPL) as of the end of March, up by 19 quarter-over-quarter.

Newmont Beats Estimates

Newmont Mining Corp (NYSE:NEM) reported solid second quarter results yesterday, amounting to EPS of $0.44 on revenue of $2.04 billion. The results beat the consensus analyst estimates by $0.15 per share and $120 million, respectively. While one reason for the beat is higher gold prices, the company also produced more and lowered costs. For the period, Newmont produced 1.3 million ounces of gold, versus 1.2 million for the comparable quarter of 2015. All-in sustaining costs also fell to $876 per ounce from $909 per ounce. Due to the strong execution, management sees all-in sustaining costs for 2016 coming in at $870-to-$930 per ounce from the previous anticipated range of $880-to-$940 per ounce. Of the 766 active funds that we track, 37 owned positions in Newmont Mining Corp (NYSE:NEM) valued at $896.85 million on March 31, which accounted for 6.40% of the stock’s float.

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