Sector: Basic Materials
Economic data and earnings will keep investors busy this week. More than a quarter of the S&P 500 companies are scheduled to release their earnings.
Freeport-McMoRan (FCX), the largest publicly traded copper miner, is expected to release its second-quarter earnings results on June 24.
After a long standoff, Barrick Gold (GOLD) and Acacia Mining (ABGLF) have reached an agreement.
Cleveland-Cliffs (CLF) released its second-quarter results today before the markets opened.
Currently, 73% out of 11 analysts have given Cleveland-Cliffs “buy” ratings. Another 27% have given it “holds.” It doesn’t have any “sell” ratings.
On Wednesday, Alcoa (AA) released its second-quarter earnings report after the markets closed. The company reported revenues of $2.71 billion.
Ray Dalio mentioned in a LinkedIn post on Wednesday that it's important for investors to explore the market paradigm in which they're currently operating.
Nucor (NUE), the largest US-based steel producer, released its second-quarter earnings results on Thursday. Here's what you should know.
The current uptrend in prices isn't exactly due to President Trump’s tariffs. US steel companies look serious about supply discipline.
Gold prices have seen a reversal in the last month or so. The SPDR Gold Shares ETF (GLD) gained 8.0% in June alone.