Shares of metals stocks are trading higher following softer-than-expected US inflation data.
Portfolio Pulse from Benzinga Newsdesk
Metals stocks are trading higher following softer-than-expected US inflation data. The stocks mentioned include BHP, CENX, FCX, RIO, SCCO, and VALE.
July 13, 2023 | 6:39 pm
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POSITIVE IMPACT
BHP's stock is trading higher due to softer US inflation data.
Softer inflation data typically leads to higher metals prices, which in turn benefits metals companies like BHP.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
CENX's stock is trading higher due to softer US inflation data.
Softer inflation data typically leads to higher metals prices, which in turn benefits metals companies like CENX.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
FCX's stock is trading higher due to softer US inflation data.
Softer inflation data typically leads to higher metals prices, which in turn benefits metals companies like FCX.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
RIO's stock is trading higher due to softer US inflation data.
Softer inflation data typically leads to higher metals prices, which in turn benefits metals companies like RIO.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
SCCO's stock is trading higher due to softer US inflation data.
Softer inflation data typically leads to higher metals prices, which in turn benefits metals companies like SCCO.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
VALE's stock is trading higher due to softer US inflation data.
Softer inflation data typically leads to higher metals prices, which in turn benefits metals companies like VALE.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100