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What is working are "risk-on" sectors, and what is not working are commodities. Do we trust the rally? What's going on with commodities? Brian Dress, CFA - Director of Research, Investment Advisor No matter whether you are a conservative or an aggressive investor...
Materials stocks dropped over 17% in the first half of 2022 , compared with a 21% drop for the SPDR S&P 500 Trust ETF ( SPY ). Materials Select Sector SPDR ETF ( XLB ) was also down over 19% during the period. Industrial metals have had a rough six months, hurt by so...
Basic materials sector plunged 16.3% in Q2 and 10% for the past 12 months. The industry is trading at a PE ratio of 24.3x, lower than its 3-year average PE of 27.1x. Top five gainers in the basic materials sector in Q2 (stocks with a market cap of over $2B): Sigma Lithium ...
Basic materials sector plunged 14.1% for the month of June and 19% on YTD basis. The industry is trading at a PE ratio of 24.3x, lower than its 3-year average PE of 27.1x. Analysts are positive on the Construction Materials industry with annual earnings growth expectation of 19% ove...
European natural gas prices continued to rise Wednesday, as Russian gas imports to the continent continued to fall. Prices for July delivery were up ~7.0% in early trading Wednesday, to the highest level seen since shortly following Russia's invasion of Ukraine. Morgan Stanley's lead co...
The material sector closed this trading week in green, with S&P 500 Materials registering 2.53% gain and the Materials Select Sector SPDR ETF (NYSEARCA:XLB) up 2.07%. Iron ore prices fell over 8% on Monday as steel mills idled blast furnaces due to growing pessimism over th...
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...
Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes tradi...
In this article, I discuss one of the most important macro risks and opportunities on the market as we're facing severe metal/commodity supply shortages. Mining companies have slashed CapEx in a time of strong and further accelerating demand, proving strong tailwinds for commodity pri...
SPDR S&P Metals & Mining ETF (XME) - $0.2107. 30-Day SEC Yield of 0.60% as of June 16. Payable Jun 24; for shareholders of record Jun 22; ex-div Jun 21. For further details see: SPDR S&P Metals & Mining ETF declares quarterly distribution of $0.2107
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2024-07-19 12:48:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-18 21:28:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...