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4 Under the Radar Basic Materials Stocks to Buy to Battle Rising Inflation
A robust economic recovery outlook has unleashed a manufacturing boom so far this year, making the backdrop favorable for basic materials stocks. Prices of basic materials have been on the rise, backed by strong demand from industrial activities. Amid this environment, we think investors should bet on companies in the basic materials space that possess strong enough pricing power to combat any downturn caused by rising inflation. We believe under-the-radar basic materials stocks Tredegar Corp (TG), CRH Plc (CRH), LyondellBasell Industries (LYB), and Vedanta (VEDL) possess that characteristic and are worth adding to one's portfolio now. Let's take a closer look.
Even After Their Recent Selloff, Stay Away from These 4 Solar Stocks
The solar energy industry has been blazing hot for a while now on growing awareness about climate change, President Biden's positive stance on the clean energy industry, and declining installation costs. However, the solar space is now under some pressure due to supply chain issues amid record demand. As such, SolarEdge Technologies (SEDG), Sunrun (RUN), Sunnova Energy (NOVA) and ReneSola (SOL) have recently experienced a sell-off and their share prices are expected to continue declining. Hence, we think it is wise to avoid these stocks for now. Read on.
3 Under the Radar Stocks That Could Soar if Gold Continues to Rally
Increasing purchasing power, primarily due to falling unemployment and fiscal stimulus, is creating inflationary pressures in the United States. This makes the backdrop favorable for gold because this precious metal tends to perform well in an inflationary environment, providing a hedge against economic uncertainty. Hence, we think investors seeking to capitalize on the yellow metal's turnaround should consider betting on mining stocks Centamin (CELTF), DRDGOLD (DRD), and Jaguar Mining (JAGGF).These companies are well-positioned to deliver significant returns. Read on.
4 Top Stocks Analysts Think Will Jump More than 10%
While the economic recovery is motivating stock investors, rising inflationary pressure due to increasing consumer spending is causing them concern. However, irrespective of current market volatility, Wall Street analysts expect Salesforce.com (CRM), Qualcomm (QCOM), Chipotle Mexican Grill (CMG), and L Brands (LB) to witness solid upside in the near-term. So, let's discuss what could drive their performances.
2 Reddit Stocks Wall Street Predicts Will Rally by More Than 50%
Because the recent short squeeze saga has now weakened considerably, Wall Street analysts believe two of the most heavily discussed Reddit stocks—Coinbase Global (COIN) and Corsair Gaming (CRSR)—could generate significant returns in the near term. Let's take a closer look.
4 Gold Stocks Under $10 to Buy Now
Increasing purchasing power due primarily to falling unemployment and fiscal stimulus policies are driving rising inflation in the United States. This environment makes for a favorable backdrop for gold because the precious metal tends to perform well in inflationary conditions. Hence, we think investors seeking to capitalize on the turnaround in gold prices could bet on mining stocks Kinross Gold (KGC), Yamana Gold (AUY), Alamos Gold (AGI), and Centamin (CELTF). They are all still trading at reasonable prices.
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