Mining Stocks Facing Persistent Weakness, Bear Says -- Market Talk

Dow Jones

Jan 03, 2025

0008 GMT - Avoid buying U.S.-listed diversified metals and mining stocks, and be selective in betting on gold-mining ones, Renaissance Macro says in a note. RenMac says the materials sector is experiencing persistent weakness with little support and sees it as one of the weakest spots in the broader market. "Copper continues to act heavy here and is close to breaking long-term uptrend support," while steel is poised to be a laggard this year, RenMac says. Gold miners are struggling to bounce, says RenMac, and it recommends buying dips in Royal Gold and selling into gains in Newmont. The stronger U.S. dollar is a headwind for the materials sector, which "is historically the worst performer in the broader market when the dollar experiences a significant move higher," RenMac adds. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

January 02, 2025 19:08 ET (00:08 GMT)

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RenMac says the materials sector is experiencing persistent weakness with little support and sees it as one of the weakest spots in the broader market. \"Copper continues to act heavy here and is close to breaking long-term uptrend support,\" while steel is poised to be a laggard this year, RenMac says. Gold miners are struggling to bounce, says RenMac, and it recommends buying dips in Royal Gold and selling into gains in Newmont. The stronger U.S. dollar is a headwind for the materials sector, which \"is historically the worst performer in the broader market when the dollar experiences a significant move higher,\" RenMac adds. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 02, 2025 19:08 ET (00:08 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mining Stocks Facing Persistent Weakness, Bear Says -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMining Stocks Facing Persistent Weakness, Bear Says -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-03 08:08</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0008 GMT - Avoid buying U.S.-listed diversified metals and mining stocks, and be selective in betting on gold-mining ones, Renaissance Macro says in a note. RenMac says the materials sector is experiencing persistent weakness with little support and sees it as one of the weakest spots in the broader market. \"Copper continues to act heavy here and is close to breaking long-term uptrend support,\" while steel is poised to be a laggard this year, RenMac says. Gold miners are struggling to bounce, says RenMac, and it recommends buying dips in Royal Gold and selling into gains in Newmont. The stronger U.S. dollar is a headwind for the materials sector, which \"is historically the worst performer in the broader market when the dollar experiences a significant move higher,\" RenMac adds. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 02, 2025 19:08 ET (00:08 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0300736062.USD","symbol_name":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2500419181","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2500419181","pubTimestamp":1735862880,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0008 GMT - Avoid buying U.S.-listed diversified metals and mining stocks, and be selective in betting on gold-mining ones, Renaissance Macro says in a note. RenMac says the materials sector is experiencing persistent weakness with little support and sees it as one of the weakest spots in the broader market. \"Copper continues to act heavy here and is close to breaking long-term uptrend support,\" while steel is poised to be a laggard this year, RenMac says. Gold miners are struggling to bounce, says RenMac, and it recommends buying dips in Royal Gold and selling into gains in Newmont. The stronger U.S. dollar is a headwind for the materials sector, which \"is historically the worst performer in the broader market when the dollar experiences a significant move higher,\" RenMac adds. 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RenMac says the materials sector is experiencing persistent weakness with little support and sees it as one of the weakest spots in the broader market. \"Copper continues to act heavy here and is close to breaking long-term uptrend support,\" while steel is poised to be a laggard this year, RenMac says. Gold miners are struggling to bounce, says RenMac, and it recommends buying dips in Royal Gold and selling into gains in Newmont. The stronger U.S. dollar is a headwind for the materials sector, which \"is historically the worst performer in the broader market when the dollar experiences a significant move higher,\" RenMac adds. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 02, 2025 19:08 ET (00:08 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}