James Woodburn and Kris Sayce hijack the Newman show to discuss recent market news across Money Morning and The Daily Reckoning.
A tiny stock that resources analyst, Jason Stevenson, has on his buy list is up 27.3% in just the last two weeks. So why the rebound in resources stocks?
Copper prices have been smashed by a surge in supply while demand slowed in China. Time to watch this market for opportunity...
Despite the massive jump in Fortescue’s share price, it’s still only trading at around half the price of the peak of the market in 2008.
Shareholders in the world’s largest miner, BHP [ASX:BHP], have watched its share price rally upwards of 80% over the same time.
Out of the top performers on the ASX 200 this year, the majority are miners. The table below shows the top 12 performing stocks on the ASX 200 this year.
China is churning out oceans full of unprofitable steel because it’s the only way it can keep economic growth from stalling. To state the obvious, this is an unsustainable growth model.
BlueScope Steel Limited [ASX:BSL] is a stock that is constantly moved by the commodities market. Following the energy rebound overnight, BSL recovered 2.18% by midday today.
Yesterday Fortescue Metals Group announced to the market that US$500 million worth of debt had been wiped off their balance sheet.
This morning, BlueScope Steel [ASX:BSL] shares opened up 10.2%, to $6.46 per share. The Aussie steelmaker has continued their strong start to the year.