Anyone know what is up with Teck today? The stock has nosedived 8% so far today.
And yet I see Seeking Alpha just posted a buy recommendation for Teck:
Conclusion
TECK has an extremely beneficial macro-outlook as commodity prices rise. The long-term adoption of copper-needy products like electric vehicles or solar panels will increase demand for the mineral, allowing for TECK's operational focus on the mineral to bear fruit. Although commodity prices may level off, the short-term boost has allowed for accelerated growth of TECK's long-term plans. Ultimately, the longer inflation and therefore commodity prices stay high, the more TECK benefits.
https://seekingalpha.com/article/4502542-teck-resources-stock-inflation-victor