BTC iShares Commodities Select Strategy ETF

Freeport-McMoRan (FCX) jumped smartly in August after activist investor Carl Icahn disclosed his 8.5% stake in the company, known as the “Icahn lift.”

According to Bloomberg, Rio Tinto CFO Chris Lynch has suggested that iron ore prices will not collapse, as many expect.

BHP’s underlying net profit of $3.2 million was a solid improvement, as compared to the profit of $412 million in 4Q15.

After significantly outperforming its peers in 1Q17, Vale’s (VALE) performance deteriorated in 2Q17.

BHP Billiton’s (BHP) (BBL) unit costs declined by 16% in fiscal 2016, supported by increased capital efficiency. This helped BHP generate strong free cash flow.

Low commodity (GSG) prices in the first quarter of the year impacted commodity-driven emerging markets like Russia, Brazil (EWZ), Indonesia, and Venezuela.

Alcoa (AA) generated free cash flows of $55 million in 2Q16—compared to $205 million in the same quarter last year.

Rio Tinto reported its 1H16 results on August 3, 2016. Its underlying earnings came in at $1.6 billion, 7% ahead of consensus expectations of $1.5 billion.

Fallen angel bonds—high-yield bonds originally issued with investment grade credit ratings—are generally known for offering potential value. A big source of this value has been the tendency of fallen angels to be oversold below what may be considered fair value, leading to a downgrade to high yield. A less obvious source of value for fallen angels […]

In this series, we’ll analyze the demand-supply fundamentals for iron ore and see whether the recent surge was a one-off phenomenon or the start of a more sustained uptick in prices.

Rio Tinto’s 2015 results were mostly in line with market expectations. Underlying EBITDA and underlying profits were $12.6 billion and $4.5 billion, respectively.

In this part of the series, we’ll explore the trend in Freeport-McMoRan’s (FCX) revenues.