FMAT News and Press, Fidelity MSCI Materials Index From 01/24/23

Summary FMAT invests in U.S. Materials stocks. Forward earnings are negative, which makes FMAT an unlikely investment case in the near term. However, a longer-term view would allow for a strong headline IRR even adjusting for beta. I think FMAT is probably undervalued on a five-...

Summary The First Trust Global Natural Resources ETF invests in 50 global natural resource companies to deliver strong income for investors. The fund pays quarterly dividends, has an attractive TTM yield of 7.88%, and has an expense ratio of 0.70%. The fund's top holdings include mi...

Summary A comparison of funds results in inconsistent outcomes. Investment sectors impacted fund comparisons. Do not lose sight of a fund manager's declared mission. From science and mathematics, I learned that a hypothesis is often posed as a question. What follows is res...

Summary Global business conditions worsened in the penultimate month of the year according to the JPMorgan Global Composite PMI, compiled by S&P Global. New order expansions were seen in merely three of the 21 sectors tracked by the global PMI - software & services, pharmaceutic...

Summary All subsectors are undervalued relative to 11-year averages. Mining/metals is the most attractive one, followed by construction materials. FMAT, an alternative to XLB. 7 stocks cheaper than their peers in October. This monthly article series shows a dashb...

Summary We expect macro headwinds will continue to pressure U.S. corporate earnings in the coming months. We expect earnings expectations to decline as multinational firms realize foreign exchange headwinds that accelerated over the past year. Investors can avoid undue interna...

Summary We believe that cash flow and debt sustainability are likely to become increasingly important as real economic growth slows and credit access tightens. Cash flow provides a link between a company’s income statement and their balance sheet. Focusing on the Russel...

VHI posted strong Q2 2022 results, beating the market EPS and revenue estimates. The company saw 20% jump in revenue and a 30% increase in net income compared to Q2 2021. I assign a buy rating for the company after considering attractive valuation and strong quarterly results. ...

We do not expect the copper price to fall below $6500/ton with the onset of recession. The main reason is the current raw material price (~$7300/ton) removing ~30% of the potential copper supply from the market. We expect the current decline of copper price to catch up quickly by the ...

Freeport-McMoRan is a copper company, and copper is susceptible to economic closures and economic worry. The company has dramatically improved its financial position from the last downturn, and we expect markets to rebound quickly. The company can generate double-digit FCF in 2023...