IYM News and Press, iShares U.S. Basic Materials From 10/04/22

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 Mining/metals and construction materials are undervalued relative to 11-year averages. MXI, a global alternative to XLB. 7 materials stocks cheaper than their peers in September. This monthly article series shows a dashboard with aggregate industry metrics in...

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 ...

Celanese has been a regular in the M&A space at least over the last 10 years and continued to grow. The latest acquisitions (especially M&M from DuPont), however, change the color of its balance sheet with substantially higher leverage. The product portfolio being acquired...

When the year started, Dow saw a desirable outlook for shareholder returns. Their underlying cash flow performance increased over 50% year-on-year during the first half of 2022, which also saw guidance pushed up. Despite this stronger than expected financial performance, Dow's div...

Dow is a diversified chemical company with a global footprint and solid profitability. Management is being disciplined with its cash flow by paying down debt and returning cash to shareholders via share buybacks and dividends. Its beaten down share price makes it a cyclical stock ...

Price increases and strong demand for Valvoline’s products and services drove revenue growth for the company in fiscal 2Q22. Valvoline’s retail presence drives strong same-store sales. The company’s same-store sales have grown year-over-year in 15 consecutive year...

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...