US4642878387 - ETF
Most funds from the 2021 infrastructure bill have yet to be spent, and these companies stand to capitalize.
The basic materials industry recovered last year owing to the growing economy and sustained demand. This trend is expected to continue in 2022, driven by the rise in commodity prices amid political instability. Thus, Wall Street Analysts expect fundamentally solid basic materials stocks such as Verano (VRNOF), Gevo Inc. (GEVO), Nomad Royalty (NSR), Trilogy Metals (TMQ), and Integra (ITRG) to surge more than 80% in the near term.
As gold hits all-time highs, silver may still have more runway, says Harry Whitton, head of ETF sales and trading at Old Mission.
The space is now hovering around a one-month high and deserves a special mention for rallying on Feb 20.
Given a string of downbeat results, the material sector is down 1.8% in response to earnings announcements. However, it was unable to take the sheen away from material ETFs that are up nearly 1% over the past week.
With the dust finally settling though, the leaders and laggards are finally starting to diverge. And, it's the recent market weakness - perhaps tepidness would be a better word - that's allowing it to happen.
Federated Investors' Steve Chiavarone sees a more dovish Fed reviving unloved areas of the market this year.
Volatility seems rampant, but the CBOE Volatility Index (VIX) has not even eclipsed the 30 level during Q4 (whereas it hit 50 back in February).
During the latest CEO Money interview, we cover the market macro viewpoint with both fundamental and technical analysis.
The basic materials sector has been in the spotlight this reporting cycle, About 41.4% of the sector’s total market capitalization has reported so far, with earnings up 26.2% on 10.9% revenue growth.
Richard Bernstein sees a widening gap between investor fear and fundamentals.
Volatility suddenly returned with a vengeance last week – to both stocks and bonds. But has anything really changed from a fundamental standpoint? I would say, absolutely not.
Starting with last Monday, the divergence between the Dow and the Russell 2000 became a hot topic. All throughout the week, rates and the dollar rose along with oil. The Dow made a new high, but did so all alone.