Rio Tinto profit slumps 41% to $12.42 billion, cuts shareholder payouts after iron and copper prices fell

Rio Tinto PLC reported a 41% fall in net profit for 2022 and cut its payout to shareholders, reflecting a downswing in iron ore and copper prices. The world’s second-biggest miner RIO, -1.16% RIO, +1....

Enphase Energy is a buy

Rio Tinto PLC: “You need to see commodity inflation come back. I will say, it’s a great hedge against long-term inflation, though.” NIO Inc: “That one seems very dicey.” ...

Service Corporation International is a good stock to own

MGM Resorts International: “I don’t really care for that group, but you know what, I think anything can bounce in that business.” Rio Tinto PLC: “I do think that it represents ...

I’m very bullish on Disney

Walt Disney Co: “I’m very, very bullish. Bought some stock last week for the Investing Club.” Rio Tinto PLC: “I do think that the minerals may have bottomed here. I do think it...

UnitedHealth, Wells Fargo, Pinterest and others

Check out the companies making headlines before the bell: UnitedHealth (UNH) – The health insurer’s stock rose 1.7% in the premarket after its quarterly earnings and revenue beat forecasts, and ...

I can’t recommend Simulations Plus

AT&T Inc: “That is a distinct hold. If it were $18, it’s a buy. If it was $23, it’s a sell.” Tilray Brands Inc: “Tilray is a total spec of which I’m not going t...

Alibaba, JD.com, Occidental Petroleum, Chevron and more

Take a look at some of the biggest movers in the premarket: Alibaba (BABA), JD.com (JD) – The e-commerce stocks were among China-based companies taking a hard hit on concerns about U.S. delistings, as...

Rio Tinto is a buy

Desktop Metal: “No, we don’t need to do that. We have HP Inc. on earlier this week, and they are going to own the 3D industry and make money, so you need to be in HP Inc. Symbol HPQ.”...

Netflix, Peloton, Disney and more

Netflix logo Mario Tama | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Netflix – Shares of the streaming giant tanked 21%, on pace for their worst day s...

I prefer Rio Tinto over Vale

ChargePoint: “ChargePoint is part of a very challenged group. I’ve done a lot of soul searching and, of course, a lot of research on this group. There are too many players, and there has n...

I would buy some Novocure shares

GrowGeneration: “We very specifically said when that stock got into the $40s that it was done, that there wasn’t much more there, that we thought it was terrific, but we wanted to take the...