To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...
With gold hitting all-time highs it's no wonder that miners like Newmont are soaring. Newmont reported a 38% jump in earnings last quarter as revenue soared 50%. When building a watchlist, IBD recommends looking for stocks with an 80 or higher RS Rating.
Newmont, a gold, silver and copper mining giant recently added to IBD Leaderboard, also pays a healthy dividend of around 3.32% annualized. Savvy investors can further enhance the return from NEM stock though the use of covered calls. According to Dow Jones Data, gold futures on Monday climbed 0.9% and made a new high of $2,433.90 an ounce.