Basic Materials: Amid Trade Tensions, We See Several Opportunities
Agriculture, uranium, and lithium stocks look particularly appealing in the basic materials sector.
Quarter-End Insights
The Morningstar US Materials Index has underperformed the broader market by about 3% year to date (Exhibit 1), as trade tensions with China continued to escalate. As a result, nearly 30% of our North American materials sector coverage now trades in 4- and 5-star territory (Exhibit 2).
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Kristoffer Inton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.