SocGen says buy mining and greenflation stocks as the next commodities trade lies in equities

seekingalpha05-30

Go long global mining stocks, Societe Generale recommends, as those assets have underperformed a climb in prices for industrials metals. The brokerage in a note this week also suggested investors buy...

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The brokerage in a note this week also suggested investors buy...</p>\n\n<a href=\"https://seekingalpha.com/news/4111574-socgen-says-buy-mining-and-greenflation-stocks-as-the-next-commodities-trade-lies-in-equities\">Source Link</a>\n\n</div>\n","source":"seekingalpha","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>SocGen says buy mining and greenflation stocks as the next commodities trade lies in equities</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\">\nSocGen says buy mining and greenflation stocks as the next commodities trade lies in equities\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-30 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4111574-socgen-says-buy-mining-and-greenflation-stocks-as-the-next-commodities-trade-lies-in-equities><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Go long global mining stocks, Societe Generale recommends, as those assets have underperformed a climb in prices for industrials metals.  The brokerage in a note this week also suggested investors buy...</p>\n\n<a href=\"https://seekingalpha.com/news/4111574-socgen-says-buy-mining-and-greenflation-stocks-as-the-next-commodities-trade-lies-in-equities\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COPX","symbol_name":"铜矿ETF-Global X","start_time":0,"source_url":"https://seekingalpha.com/news/4111574-socgen-says-buy-mining-and-greenflation-stocks-as-the-next-commodities-trade-lies-in-equities","article_id":"2439629489","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1356188544/image_1356188544.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2439629489","pubTimestamp":1717081341,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Go long global mining stocks, Societe Generale recommends, as those assets have underperformed a climb in prices for industrials metals.  The brokerage in a note this week also suggested investors buy","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"COPX":"铜矿ETF-Global X","BK4535":"淡马锡持仓","XLU":"公共事业指数ETF-SPDR","BK4561":"索罗斯持仓","BK4585":"ETF&股票定投概念","IYM":"基础材料ETF-iShares Dow Jones","GMET":"VANECK GREEN METALS ETF","BK4588":"碎股","XME":"金属与采矿指数ETF-SPDR"},"translate_title":"法国兴业银行表示，购买矿业和绿色通胀股票，因为下一个大宗商品交易在于股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COPX":1,"GMET":1,"IYM":1,"XLU":1,"XME":1},"content_text":"Go long global mining stocks, Societe Generale recommends, as those assets have underperformed a climb in prices for industrials metals.  The brokerage in a note this week also suggested investors buy so-called greenflation stocks, or equities exposed to key metals needed to make the world sustainable as economies address climate change issues.  Demand for industrial metals has contributed to a leap in prices for copper, aluminum and others. Investors also been pouring into Utilities stocks (XLU) as companies ramp up their use of AI, which requires large amounts of energy to run related data centers.  But global mining stocks over the past 12 months have underperformed energy stocks despite gains for industrials metals, SocGen said, sharing this chart to illustrate its point:   Copper prices (HG1:COM) have jumped ~20% this year. SocGen said the rally has been predominantly driven by positioning while fundamentals remain strong. Other base metals “are more attractive” currently given copper’s stretched positioning, Manish Kabra, head of US equity strategy and multi-asset strategist at Societe Generale, said. Aluminum prices on the London Metal Exchange have climbed ~13% this year, trading just under $2,700 a ton on Wednesday. Kabra also pointed out that corporate activities in the global mining sector have been rising, with M&A volume at its highest in 12 years.  For investors interested in exposure to mining and metals via ETFs, here are a few: (XME), (IYM), (GMET), (COPX).","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2439629489"}