IYM News and Press, iShares U.S. Basic Materials From 06/23/22

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...

IYM offers exposure to a basket of principally large-cap stocks from the GICS materials and industrials sectors. Basic materials players have been in the limelight earlier this year as persistent inflation maintained its tight grip. I warn investors against extrapolating the fund'...

Nucor has sold off by more than 30% in the last few months. While the investment has many moving parts, the ultimate driver here is that the stock is cheap. If 2023 sees steel prices weaken substantially, the stock could end up priced at 10x free cash flow. That's not such a bad outco...

Alcoa is facing a tough market, affected by inflationary pressures and the associated interest rate increases. The company has made good steps in controlling their production cost and is transitioning rapidly into "greener" aluminum products. Despite aluminum prices expected to fa...

iShares U.S. Basic Materials ETF (IYM) - $0.8255. 30-Day SEC Yield of 1.59% as of April. 29. Payable Jun 15; for shareholders of record Jun 10; ex-div Jun 09. For further details see: iShares U.S. Basic Materials ETF declares quarterly distribution of $0.8255

Ecolab is a specialty chemicals company focused on sustainability, which makes it a perfect ESG holding. The company suffered from the pandemic but is set to maintain high net income, EBITDA, and free cash flow growth. Its dividend yield isn't high, but ECL remains in a good spot ...

According to the leading indicators of economic growth, the business cycle looks set to enter a period of material deceleration in the months ahead. This growth downturn is a continuation of the slowdown that began in the latter half of 2021. Combined with this downturn in growth, the...

LYB has had strong performance momentum lately and is returning a lot of cash to shareholders while also deleveraging that balance sheet. While there is a lot to like about LYB, we want a portfolio of our highest conviction picks. We share why LYB is no longer a high conviction bu...

The paper company Sylvamo has generated fantastic capital gains since separating from International Paper in October 2021. The valuation on the basis of earnings is still solidly in value territory, shareholders will begin receiving dividends in July, and a share repurchase program wa...

Hexcel results are improving across its business. Uncertainty on timing of production-rate increases on commercial aircraft programs makes Hexcel somewhat less desirable. Production-rate increases for commercial aircraft programs will play out over several years, so this is a grow...