President Trump's new tariffs cause market uncertainty, but Kinross Gold Corp is a top buy.

From Yahoo Finance: 2025-05-06 08:38:00

US stocks dropped on Monday, May 5, after President Trump threatened new tariffs, ending a historic run. S&P 500 fell 0.6%, Dow Jones Industrial Average dropped 0.3%, and Nasdaq fell 0.8%. The US dollar also lost value amid trade deal uncertainties with China. The market is now focused on the Federal Reserve’s upcoming policy meeting.

President Trump’s new tariff threats and risks of a trade war with China are causing market uncertainty. Wall Street is closely monitoring developments. Kinross Gold Corporation (NYSE:KGC) is ranked among the best stocks under $15 to buy. BMO Capital assigned an “Outperform” rating to KGC with a price target of C$22, highlighting the company’s low-risk assets and strong cash flow generation.

Amid trade tensions, President Trump announced new tariffs on movies produced outside the US. Talks with China have not begun, causing market concerns. Wall Street looks ahead to the Federal Reserve’s policy meeting. Kinross Gold Corporation (NYSE:KGC) ranks 9th on the list of the best stocks under $15 to buy according to hedge funds. BMO Capital’s analysis points to KGC’s cost-efficient operations and strong cash flow generation.

To compile the list of the best stocks under $15, Insider Monkey used the Finviz stock screener. The top 40 stocks with a share price under $15 were selected, focusing on the top 11 favored by institutional investors. Data was taken from the Q4 2024 database of elite hedge funds. Hedge fund sentiment surrounding each stock was considered, ranking the top 11 stocks based on the number of hedge funds holding stakes. Hedge fund activity is closely monitored for potential market outperformance.

Read more: Is Kinross Gold Corporation (KGC) The Best Stock Under $15 To Buy?