Glencore Remains A Buy As Commodities March Higher

Andrew Hecht Investing Group Leader Follow Summary Glencore plc remains a Buy, with expectations for new record highs as the commodity bull market endures. GLNCY’s integrated trading and production assets, plus superior trading acumen, provide a distinct competitive edge over BHP and RIO. Recent half-year results showed GAAP EPS of $0.31 and revenue up 48.6% year-over-year to $174.43 billion, justifying bullish momentum. Attractive Seeking Alpha factor grades, strong Wall Street buy ratings, and favorable macro tailwinds reinforce the investment thesis. Looking for more investing ideas like this one? Get them exclusively at Hecht Commodity Report. Learn More » thamerpic/iStock Editorial via Getty Images I wrote about the bullish prospects for Glencore plc ( GLNCY ) on Seeking Alpha in a January 8 article , concluding with the following: I reiterate my Buy recommendation for GLNCY shares and expect the stock to surpass the 2012 record high This article was written by Andrew Hecht 31.44K Followers Follow Andrew Hecht is a 35-year Wall Street veteran covering commodities and precious metals. He runs the investing group The Hecht Commodity Report, one of the most comprehensive commodities services available. It covers the market movements of 20 different commodities and provides bullish, bearish and neutral calls; directional trading recommendations, and actionable ideas for traders. Learn more. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. The author always has positions in commodities markets in futures, options, ETF/ETN products, and commodity equities. These long and short positions tend to change on an intraday basis. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.