BCX Stock Recent News

The current portfolio of the BlackRock Resources & Commodities Strategy has over 22% upside potential on consensus price targets for 2024. However, fundamentals seem weak to support market multiple expansion with EPS growth of -2% in 2024 and 8% in 2025. The current MDP that provides an 8% distribution yield is not funded by holding dividends nor call options writing and may dip into capital.

BlackRock Resources & Commodities Strategy Trust is an equity closed-end fund that invests in commodity-focused stocks. BCX currently has a significant 14% discount to its Net Asset Value, providing an opportunity for investors to gain exposure to its portfolio at a reduced price. BCX offers a substantial 7.00% dividend yield, which could become even more attractive if interest rate cuts materialize. Additionally, the fund's weighted consensus estimates suggest a potential upside of 19%.

BlackRock Resources & Commodities Strategy Trust is a closed-end fund that focuses on high current income from stocks in the commodity and natural resources industries. BCX has historically outperformed a passive ETF, adding 1-2% in active returns. However, I am concerned about a weak global economy, particularly in commodity-hungry China. Therefore, recommend investors stay on the sidelines for now.

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BlackRock Resources & Commodities Strategy Trust is a closed-end fund focused on non-real estate hard assets such as energy, mining, and agriculture sectors. The fund has underperformed in terms of total returns over the last decade. BCX currently trades at a solid discount to NAV and offers a big yield.

BCX focuses on 52 commodity and natural resource stocks and also supplements its portfolio with a call-writing strategy. We are conflicted over BCX's prospects and lay down some of the good and bad facets of a potential entry at this juncture. We also shed some color on the technical landscape.

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Fixed income continues to trade at attractive discounts. Buying income at a discount means that it has to work less to provide you with the same great income. Income investing can help you achieve financial freedom.