Billy Kawasaki’s Insights - Picks from 5i Research. The stock is currently trading at 10x earnings, making it very cheap. If we see a rally in metals, earnings have a good leverage. They pay a healthy dividend and the balance sheet is strong. It is sensitive to commodity prices however. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Picks from 5i Research. The stock is currently trading at 10x earnings, making it very cheap. If we see a rally in metals, earnings have a good leverage. They pay a healthy dividend and the balance sheet is strong. It is sensitive to commodity prices however. Unlock Premium - Try 5i Free
Commodities get vulnerable when there is concern about the market. If he was to buy a metals producer he would buy RIO-N, which is sitting on a rising moving average. TECK.B appears to have lost its upward momentum. The yield on both of these is above 5% and it will become a favorite space once investors regain their confidence.
Commodities get vulnerable when there is concern about the market. If he was to buy a metals producer he would buy RIO-N, which is sitting on a rising moving average. TECK.B appears to have lost its upward momentum. The yield on both of these is above 5% and it will become a favorite space once investors regain their confidence.
(Past Top Pick, August 16, 2017, Up 16%) Sold in March around $55. He expects a near-term turn in the basic materials, which have enjoyed good recent weeks. Look at this space now.
Rio Tinto (RIO-N) versus BHP (BBL-N). These are the two biggest global mining companies in the world. You want to own these when the underlying commodity prices do well. In the near term their underlying commodity prices are struggling, so he would not own either one.
(A Top Pick September 29/17 - Up 24%) They were bullish in commodities coming into this year. This is the largest miner. Still like it.
(A Top Pick May 30, 2017. Up 41%). Investors always go back to cash. Despite their problems, oil companies and mining companies still produce a lot of cash. When things go slower, these companies stop investing (lower CAPEX) and their free cash flow goes up more. He anticipated last year that with all that free cash flow, people would start buying the stock.
(A Top Pick May 30, 2017. Up 41%). Investors always go back to cash. Despite their problems, oil companies and mining companies still produce a lot of cash. When things go slower, these companies stop investing (lower CAPEX) and their free cash flow goes up more. He anticipated last year that with all that free cash flow, people would start buying the stock.
(A Top Pick July 27/16. Up 64.41%.) A large producer and a lot of it is iron ore. Still has firmed up and China has relatively firmed up. Sold his holdings.
His general view on the oil majors is effectively the same that he has on the mining majors, that is, we have sort of come through the other side. In many ways, what happened to mining is similar to what happened to oil. There were big supply issues which are slowly coming to an end. Copper has worked, global has been interesting, etc. This is a little more expensive than it was 18 months ago, but still relatively cheap. He prefers BHP Billiton (BHP-N), but doesn’t have any problem with buying this company here.
His general view on the oil majors is effectively the same that he has on the mining majors, that is, we have sort of come through the other side. In many ways, what happened to mining is similar to what happened to oil. There were big supply issues which are slowly coming to an end. Copper has worked, global has been interesting, etc. This is a little more expensive than it was 18 months ago, but still relatively cheap. He prefers BHP Billiton (BHP-N), but doesn’t have any problem with buying this company here.
A very high quality company with a great cash flow. They have a dispute with regards to information they released, concerning a coal deposit they bought. It looks like it might result in some criminal charges. He would stay out of this, until you see how that is going to resolve itself.
Chart shows a nice uptrend. There was some resistance just below $40, and it broke through that. There is going to be some choppiness. If the trend breaks, then he would have some concerns. This is an area where you may just want to get the right space and ride the whole thing up. There are a lot of places where you can make a lot of money in undervalued names, but you also run the risk. Look at the XBM-T ETF, which covers all the base metals in that area and has done very well for him.
Chart shows a nice uptrend. There was some resistance just below $40, and it broke through that. There is going to be some choppiness. If the trend breaks, then he would have some concerns. This is an area where you may just want to get the right space and ride the whole thing up. There are a lot of places where you can make a lot of money in undervalued names, but you also run the risk. Look at the XBM-T ETF, which covers all the base metals in that area and has done very well for him.
Rio Tinto is a American stock, trading under the symbol RIO-N on the New York Stock Exchange (RIO). It is usually referred to as NYSE:RIO or RIO-N
In the last year, 4 stock analysts published opinions about RIO-N. 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for Rio Tinto.
Rio Tinto was recommended as a Top Pick by Brooke Thackray on 2021-03-01. Read the latest stock experts ratings for Rio Tinto.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
4 stock analysts on Stockchase covered Rio Tinto In the last year. It is a trending stock that is worth watching.
On 2021-04-19, Rio Tinto (RIO-N) stock closed at a price of $86.03.