Hints and tips:
...BHP, Rio Tinto, Glencore, Anglo American and Vale have an average price to forward earnings ratio of 8.5 times versus 18.5 for the S&P 500, according to S&P Capital IQ and Refinitiv....
...This was the second-highest figure on record, behind 2021’s $1.3tn....
...Since it launched the Model S in 2012, Tesla sales have been of sedans and SUVs. But pick-ups take it into the industry’s real gold mine....
...The perimeter of the financial junkyard is defined by a rating of BB+ from Fitch and S&P, and Ba1 from Moody’s....
...In the weeks leading up to Glencore’s AGM in May, the company made a takeover bid for Teck Resources of Canada, a miner of coal used in steel making as well as base metals....
...CF recorded 481,848 surplus allowances in 2022 for Ince, worth £37.6mn at 2022’s average price of £78....
...Aside from bond ETFs, the first half of the year has been kind to at least some of 2022’s contrarian investors....
...“We’re in a rough patch right now with the global economic situation,” says Kevin Murphy, principal metals and mining analyst at S&P Global Commodity Insights....
...News round-up Metals tycoon Gupta says Trafigura ‘devised’ $590mn nickel fraud scheme (FT) Hipgnosis investors urge sale of music catalogues to shore up stock (FT) Elon Musk launches xAI in challenge...
...But amid all the EV excitement — and anxiety about the alarmingly limited supply of battery metals — many investors and industrial groups are now looking more closely at hydrogen too....
...I was there for a debate with Justin Danhof of Strive Asset Management — the disruptive new outfit started by Vivek Ramaswamy, the author of Woke, Inc., about the pros and cons of environmental, social and...
...Grains, energy and metals, all of which surged as Russia invaded in February, come to mind....
...In a recent study S&P estimated demand for copper would double to 50mn tonnes by 2035 because of its uses in electric vehicles, charging infrastructure, solar panels, wind turbines and batteries....
...They believe the three-pronged metal claw that descends to grab one at a time and deliver it to the latest human player is a divine being. “I have been chosen....
...Berkshire’s class A shares are up 26.3 per cent so far this year, on par with the benchmark S&P 500....
...Japan’s Topix gained 1.1 per cent, and Australia’s S&P/ASX 200 was up 1 per cent. Futures markets tipped US stocks to open higher, with the S&P 500 expected to rise 0.3 per cent....
...“We ended up being the eighth-best performing stock in the S&P 500 last year....
...The rush into the metal began late last week after a user on Reddit suggested buying silver to put a “squeeze” on banks....
...US investors in index funds have saved $357bn in fees over the past 25 years, S&P Dow Jones calculates....
...Tesla is following advice from an earlier era of metal-bashing: strike while the iron is hot. The US electric car maker plans to tap the equity market yet again....
...Now it risks losing most of its investment — debt rating agency S&P Global expects AMC to run out of cash in six months....
...Australian miner Fortescue Metals Group has become embroiled in a dispute over the free flow of information after it launched legal action to prevent publication of details of its contracts....
...The group counts one of its most important clients as the British industrialist Sanjeev Gupta, who has built a conglomerate that touches everything from metals to banking....
...Citi think: “We suspect that too many fund managers do not want to miss the next possible Fed-induced S&P 500 advance, but now is not the time for such bravery, in our opinion.”...
...Japan’s benchmark Topix index rose 0.6 per cent as Australia’s S&P/ASX 200 gained 1.4 per cent....
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