Top 3 Basic Materials Stock Picks for the New Year


Source: markets.businessinsider.com markets.businessinsider.com

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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Lower interest rates will likely cause many more homes and automobiles to be built. So, most basic materials stocks should thrive next year. Meanwhile, China’s government recently elected to increase its spending by $137 billion. Clearly, Beijing is ready and willing to stimulate the world’s second-largest economy, a big consumer of basic materials. Also boosting many basic materials stocks in 2024 will be the ongoing EV Revolution. Additionally, the continuing Energy Transition and the “flight to safety” trade will continue. Therefore, investors who focus on these positive, powerful catalysts should...