Shares of metals stocks are trading lower amid concerns over potential US rate hikes, which could negatively impact demand.
Portfolio Pulse from Benzinga Newsdesk
Metals stocks are trading lower due to concerns over potential US rate hikes, which could negatively impact demand. The stocks mentioned include BHP, CLF, FCX, MT, SCCO, and TECK.
July 06, 2023 | 4:01 pm
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NEGATIVE IMPACT
BHP's stock is trading lower due to concerns over potential US rate hikes.
The potential US rate hikes could increase the cost of borrowing, which could reduce demand for metals and negatively impact BHP's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
CLF's stock is trading lower due to concerns over potential US rate hikes.
The potential US rate hikes could increase the cost of borrowing, which could reduce demand for metals and negatively impact CLF's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
FCX's stock is trading lower due to concerns over potential US rate hikes.
The potential US rate hikes could increase the cost of borrowing, which could reduce demand for metals and negatively impact FCX's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
MT's stock is trading lower due to concerns over potential US rate hikes.
The potential US rate hikes could increase the cost of borrowing, which could reduce demand for metals and negatively impact MT's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
SCCO's stock is trading lower due to concerns over potential US rate hikes.
The potential US rate hikes could increase the cost of borrowing, which could reduce demand for metals and negatively impact SCCO's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
TECK's stock is trading lower due to concerns over potential US rate hikes.
The potential US rate hikes could increase the cost of borrowing, which could reduce demand for metals and negatively impact TECK's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100