The downtrend in BHP appears to be over. The firm posted full-year profits of $13.66 billion. The mining firm benefited from strong performance in the iron ore and copper businesses.
BHP will expand its copper production as demand related to the energy transition rises.
Watch BHP stock. The firm posted healthy cash flow and a strong balance sheet.
In the technology sector, Apple (AAPL) is a hot stock to watch. The iPhone supplier said that it will hold a press event on September 9. The media expects Apple’s “It’s Glowtime” event will introduce a redesign in the Siri interface.
Apple’s updates to the iPhone, watch, and iPad are critical for raising sales levels. Consumers typically buy those products during the holiday season in December.
Existing Apple users will look forward to iOS 18. This system update will eventually include Apple Intelligence.
In the energy sector, watch Exxon Mobil (XOM). Crude oil prices increased by over 3% on Monday. Libya’s rival government will shut down oil production and exports. This decreases oil supplies and increases prices.
In the beverage sector, accumulate Coca-Cola (KO). Shares closed at $70.84, an all-time high. KO stock rewarded investors by rising by 20% YTD. It raised its dividends steadily, increasing the income stream for long-term investors.