Where does MM see BHP in 2024?
Greetings, Happy New Year and a thank you for all your work. I have yet to own BHP but would really love to. I am just wondering where you think the share price may be going for the rest of 2024. Thx so much, Bob
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Answer
Hi Bob,
We understand your desire to own BHP, it’s a quality stock that can generate good returns when timed correctly. Our view towards the stock and market has remained consistent over recent months which should help your thought process:
- We can see BHP trading largely between $40 and $50 through 2024 with MM likely to increase our exposure into decent dips.
- We are generally de-risking slightly at the start of 2024, if this proves correct, we could see BHP test the $40 area this FY
