BHP and Rio are setting themselves up for growth for the next five years. Volumes will go up and that will boost their earnings.
More Quotes from Hans Kunnen:
The big-picture fundamentals for commodities stocks is still in place. Nothing has actually changed. The sell-off in some sectors was not warranted.Hans Kunnen
It's mostly a function of the aging population, the increased spending of people over 55 on health, the whole skew in society toward litigation and the need for extra tests. If you happen to be the company that's doing the tests, well that's good for your revenue.
Hans Kunnen
There's something new to worry about now with oil. There's always plenty of supply-side shocks with oil, and it's not found in the most stable parts of the world.
Hans Kunnen
There have been more surprises on the upside than the downside, and the outlook statements have been encouraging enough to at least convince investors to stay in the market.
Hans Kunnen
The world is a difficult place for phone companies. The margins and profits for companies like Telstra in earlier years were based on an environment that no longer exists.
Hans Kunnen
With commodities prices still firm, these stocks should continue to benefit for some time. Commodities stocks have been leading the charge the past quarter.
Hans Kunnen
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