Goldman Told Clients to Go Long Copper a Day Before Price Plunge
Save
Goldman Sachs Group Inc. 's salespeople were recommending their hedge fund clients bet on a surge in US copper prices just a day before US President Donald Trump's tariff decision sent the market crashing by the most on record.
In a call with clients on Tuesday, Goldman argued that Trump was likely to go ahead with a 50% tariff on copper, and recommended buying short-dated call options that would pay out if US copper prices surged 11%, according to people familiar with the matter, who asked not to be identified discussing private information.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
27 minutes ago
- Yahoo
TD Cowen Reduces PT on Synaptics (SYNA) Stock
Synaptics Incorporated (NASDAQ:SYNA) is one of the Most Undervalued Semiconductor Stocks to Buy According to Analysts. On May 9, TD Cowen reduced the company's price objective to $80 from $100, while keeping a 'Buy' rating, as reported by The Fly. The firm noted that its results were slightly above expectations thanks to the improving IoT revenues. In Q3 2025, Synaptics Incorporated (NASDAQ:SYNA) posted net revenues of $266.6 million. A technician inspecting a newly-manufactured semiconductor product. Furthermore, TD Cowen believes that Synaptics Incorporated (NASDAQ:SYNA) didn't see any signs of deteriorating consumer demand as backlog and order linearity remained healthy, with the trend potentially extending into the quarter ended September. That being said, the risk remains about the potential demand softness, added the firm. Synaptics Incorporated (NASDAQ:SYNA)'s strategic initiatives in the IoT market have been gaining traction. During Q3 2025, Synaptics Incorporated (NASDAQ:SYNA) rolled out numerous new products, such as Wi-Fi 7 solutions, broad markets devices, and next-generation Touch controllers, strengthening its portfolio and positioning it for long-term growth. Investment management company First Pacific Advisors released its Q4 2024 investor letter. Here is what the fund said: 'Synaptics Incorporated (NASDAQ:SYNA) designs and sells a collection of chip designs and technologies around wireless networking, data processing, and video/audio compression. The company is also the leader in chips that facilitate touchscreens in consumer devices and cars. After losing its contract for the iPhone display driver in 2018, SYNA has been re-orienting its business toward internet of things (IoT) – allowing edge and peripheral devices to quickly and efficiently process and send data. SYNA has concurrently been hit by the large cyclical slowdown and de-stocking in the semi-conductor industry that caused June 2024's fiscal year revenue to fall 29% while EPS fell 72%. We are cautiously optimistic regarding Synaptics' technology and a cyclical rebound and have continued to hold our shares.' While we acknowledge the potential of SYNA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
27 minutes ago
- Yahoo
Benchmark Co. Maintains Buy Rating on ACM Research (ACMR) Stock
ACM Research, Inc. (NASDAQ:ACMR) is one of the Most Undervalued Semiconductor Stocks to Buy According to Analysts. On June 11, Benchmark Co. analyst Mark Miller maintained a 'Buy' rating on the company's stock and set a price objective of $38.00. The analyst's rating is backed by a combination of factors, which include significant market opportunities and strategic geographic expansion. ACM Research, Inc. (NASDAQ:ACMR)'s commitment to expanding presence in the US and Korea, together with established operations in Europe, places it for growth. Close-up of a worker wearing protective gear inspecting a silicon wafer in a laboratory. Furthermore, it also tends to benefit from the majority ownership in ACM Shanghai, which happens to be financially rewarding via dividends. The analyst believes that, with a healthy outlook for shipment growth in 2025 as well as a long-term sales model, ACM Research, Inc. (NASDAQ:ACMR) exhibits robust potential for success. ACM Research, Inc. (NASDAQ:ACMR) posted revenues of $172.3 million in Q1 2025, up 13.2%, showcasing increased sales of single wafer cleaning, Tahoe and semi-critical cleaning equipment and ECP (front-end and packaging), furnace, and other technologies. While we acknowledge the potential of ACMR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27 minutes ago
- Yahoo
J.P. Morgan Upgrades CF Industries, Eyes Tariff Tailwinds and Urea Price Surge
CF Industries (NYSE: CF) is one of the best agriculture technology stocks to buy now. On July 29, 2025, J.P. Morgan upgraded CF Industries from Underweight to Neutral, raising its price target from $75 to $92, a sharp 22% increase. The move follows growing expectations that the U.S. government could impose new tariffs on Russian urea imports, a critical nitrogen fertilizer that currently enters the American market tariff-free. With other exporters already facing 10% duties, any leveling of the playing field would boost domestic producers like CF Industries, which already commands a dominant position in U.S. fertilizer supply. Analyst Jeffrey Zekauskas noted that tightening trade restrictions on Russia would likely firm up urea prices, improving CF's margins and revenue visibility. Kingarion/ CF Industries (NYSE:CF) is a leading global manufacturer and distributor of nitrogen products used to boost crop yields. Based in North America, it serves agricultural and industrial customers worldwide, playing a central role in the global food supply chain. While we acknowledge the potential of CF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
