Basic Materials: Opportunities Surface Amid Share Price Declines
We're especially keen on the uranium, lithium, and lumber industries.
The Morningstar U.S. Materials Index has underperformed the broader market over the trailing one-year period (Exhibit 1), as trade tensions escalated and weighed on the growth outlook. As a result, a handful of stocks now trade in 5-star territory (Exhibit 2).
BMat Has Underperformed, but We See Opportunities - source: Morningstar Analysts
Kristoffer Inton does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.