lindsay_imagery
By Levi at Elliott Wave Trader; Produced with Avi Gilburt
Let's see. A 5% dividend bolstered by a strapping balance sheet along with the potential for capital upside. We're talking about BHP Group (NYSE:BHP). Yep, that one that was
BHP Group: Ready For A Second Wave Of Inflation?
Summary
- BHP Group is viewed as a dividend play with a strong balance sheet and potential for capital upside.
- BHP stock may be nearing an important low and could be ready to move higher.
- Price levels are determined using a scientific and mathematical methodology based on the structure of price.
World Markets features wave analysis on 10 international indices and a coverage list of 30 world stocks, led by Garrett Patten. The indices are the FTSE100, DAX, Euro STOXX 50, Nikkei, Hang Seng, India's Nifty 50, Mexico's IPC Index, Brazil's Bovespa, Australia's ASX 200, & the Shanghai Composite.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in BHP over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
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