Gold Stocks Worth Watching - August 16th

Key Points

• Robinhood Markets, CocaCola, and Cadence Design Systems are highlighted as key gold stocks to watch due to their high trading volumes and influence from gold market fluctuations.
• Robinhood Markets saw its shares increase to $114.17 with a market capitalization of $101.46 billion, following significant trading activity.
• CocaCola and Cadence Design Systems also experienced trading increases, with CocaCola's stock reaching $69.92 and Cadence trading at $349.88 during mid-day trading.

Robinhood Markets, CocaCola, and Cadence Design Systems are the three Gold stocks to watch today, according to MarketBeat's stock screener tool. Gold stocks are shares of publicly traded companies whose primary business involves the exploration, mining, processing or sale of gold. Their market performance is influenced both by the operational success of the underlying companies and by fluctuations in the price of gold itself. Investors often use gold stocks to gain leveraged exposure to movements in the gold market. These companies had the highest dollar trading volume of any Gold stocks within the last several days.

Robinhood Markets (HOOD)

Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.

Shares of NASDAQ HOOD traded up $3.46 during mid-day trading on Friday, hitting $114.17. 32,125,017 shares of the company traded hands, compared to its average volume of 42,715,608. The business has a 50 day moving average of $95.36 and a two-hundred day moving average of $66.15. The stock has a market capitalization of $101.46 billion, a price-to-earnings ratio of 57.95, a PEG ratio of 4.22 and a beta of 2.36. Robinhood Markets has a 1 year low of $18.71 and a 1 year high of $117.70.

Read Our Latest Research Report on HOOD

CocaCola (KO)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

CocaCola stock traded up $0.37 during mid-day trading on Friday, hitting $69.92. The company's stock had a trading volume of 12,364,886 shares, compared to its average volume of 13,819,584. The firm's 50 day moving average is $70.02 and its 200 day moving average is $70.11. The company has a market cap of $300.91 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 3.62 and a beta of 0.44. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. CocaCola has a 52-week low of $60.62 and a 52-week high of $74.38.

Read Our Latest Research Report on KO

Cadence Design Systems (CDNS)

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification.

Cadence Design Systems stock traded up $0.96 during mid-day trading on Friday, hitting $349.88. The company's stock had a trading volume of 1,567,384 shares, compared to its average volume of 1,933,148. The firm's 50 day moving average is $324.89 and its 200 day moving average is $294.01. The company has a market cap of $95.34 billion, a PE ratio of 94.56, a price-to-earnings-growth ratio of 4.58 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.82 and a quick ratio of 2.67. Cadence Design Systems has a 52-week low of $221.56 and a 52-week high of $376.45.

Read Our Latest Research Report on CDNS

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