Keeping an eye on $FCFS, $TVTX and $HCC after sharp two-session selloffs. $FCFS stands out most given strong recent operating results, while $TVTX still has strong FILSPARI momentum and $HCC’s latest reported fundamentals were solid despite growing commodity-cycle concerns. Each has real risks, especially valuation/prior runs for $FCFS and $TVTX and steelmaking-coal conditions for $HCC. There may still be details the market is pricing in that I haven’t caught yet—this is a watch, not a verdict.
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