Market volatility isn’t always a bad thing. It can present opportunities to buy cheaper FTSE 100 stocks with a view to them eventually recovering.
One stock that has been falling recently and caught my attention is Glencore (LSE: GLEN).
Let’s dig deeper to see if there’s an opportunity for me to buy some shares.
Downward spiral
I understand that mining and commodities is an extremely cyclical sector. However, it can be lucrative, especially for the bigger players, and Glencore falls into this bracket.
Nevertheless, the shares have been falling for some time now. Over a 12-month period, the shares are down 13% from 434p at this point last year, to current levels of 374p. Looking back further, over a two-year period, they’re down 23% from 492p to current levels.
A big reason for the recent drop has been massive turbulence and volatility. A few key ingredients of this have been fears of a recession in the…
