RIO News: Bear of the Day: Rio Tinto (RIO) - 21st Jul 2022, 9:00pm

[annb0t]

Inflation has been a boon to several industries. Among them, anything having to do with basic materials or mining. Higher prices meant higher profits for these stocks. However, that trend is coming to an end. Earnings estimates have been moving the wrong direction for this industry. It’s taken the Mining – Miscellaneous industry down to the Bottom 27% of our Zacks Industry Rank. One of these stocks is today’s Bear of the Day.

I’m talking about Zacks Rank #5 (Strong Sell) Rio...

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