Wall Street is looking for earnings of 10 cents a share from Molycorp.
Market Vectors Rare Earth/Strategic Metals is the only ETF of its kind.
“Given its extremely narrow focus, we feel that this thematic fund should be treated as a satellite specialty holding to complement a diversified portfolio,” says Morningstar analyst Abraham Bailin in a recent profile of the ETF.
“Motivations for investors holding this fund may include beliefs that production of high-tech items that require these metals, like jet engines, hybrid cars, wind turbines, flat-panel TVs, and smartphones, will increase or that China will restrict the export of their domestically mined rare earth and strategic metals going forward,” the analyst wrote.
