Credit Suisse’s Top 5 Highest-Conviction Picks

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1. Teck Resources Ltd Class B (NYSE:TECK)

Stock performance since July 2022: 22.57%

Number of Bullish Hedge Funds: 62

Last, but not least, Teck Resources Ltd Class B (NYSE:TECK) saw its share price grow by 22.57% since Credit Suisse mentioned it in its July 2022 report, highlighting the strong outlook on the Met Coal and the company’s growth in the copper mining segment. Similarly, hedge funds tracked by Insider Monkey also maintain a bullish sentiment on Teck Resources Ltd Class B (NYSE:TECK) with the number of investors with long positions jumped by 15 to 62 during the fourth quarter of 2022.

Recently, Teck Resources Ltd Class B (NYSE:TECK) has been approached by mining giant Glencore, which made an unsolicited offer to acquire Teck in an all-stock deal. However, Teck Resources Ltd Class B (NYSE:TECK) rejected the transaction as it is planning to restructure its business and create two independent companies by spinning out its steelmaking coal business. The spin-off will allow Teck Resources to focus on metals, in particular copper. Shareholders are expected to vote on the split in April.

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