Global cyclicals extend gains on Chinese industrial growth

Cliffs Natural Resources (CLF +10.6%) and other heavy global cyclical stocks are among the day's strongest performers, adding to yesterday's gains sparked by Chinese industrial growth.

BTU +8.1%, RIO +6%, BHP +3.1%, X +4.9%, MT +6.2%, NUE +4.5%, VALE +5.8% FCX +3.4%, SCCO +4%, JOY +3.4%, CAT +0.8%.

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Comments (2)
    , contributor
    Comments (58) | Send Message
    Read the discussion on Goldman Sachs regarding CLF:

    9 Aug 2013, 03:18 PM Reply Like
  • chuck lewis
    , contributor
    Comments (436) | Send Message
    Editor The Lewis Letter
    Both CAT and BTU are NOT FOR SALE and occupy a two year stay in my model portfolio. Both do significant business in China and the economic data support their recent stock price rises, BTU for steel makers, CAT for infrastructure and mining. Gold miners could attract Chinese buying, i.e. NEM with 99 million ozs, of gold reserves if the Middle Kingdom wants to return to the gold standard and make the yuan the number world currency.
    9 Aug 2013, 03:25 PM Reply Like
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