At the Morningstar Investment Conference, we discussed why we think cannabis stocks are poised to thrive.
Decline in the demand for lithium should be short-lived.
We are maintaining our fair value estimates for these stocks in the basic materials sector.
How the pandemic has and will affect these companies.
Compelling opportunities in building materials and agriculture firms, which are less exposed to macroeconomic headwinds.
Investment demand is expected to drop.
The cannabis producer offers investors attractive exposure to the fast-growing U.S. market.
Jewelry won't fill the gap when today's investment demand becomes tomorrow's recycled supply.
Most of the discounts are concentrated in only a few industries.
The cannabis company took a hit on Q2 earnings, but consumer demand is expected to increase.
Agriculture, uranium, and lithium stocks look particularly appealing in the basic materials sector.
Cameco should benefit meaningfully from a recovery in uranium.
With cannabis' popularity already growing, widening legalization will further catalyze demand.
Morningstar sees growth here despite a conflicted regulatory environment.
We see some values, although we don’t think any of the companies have moats.
We're especially keen on the uranium, lithium, and lumber industries.
These stocks stand to benefit from higher infrastructure spending in the years to come.
A combination is compelling but not without complications.
Heavy-side building materials share prices underestimate the impact of improved funding.
We think the acquiring shareholders are getting a better deal.
Undervalued Goldcorp is a unique opportunity in our gold coverage.
In an industry that has a history filled with expensive acquisitions, Barrick's proposed acquisition of Randgold stands apart.
With significant experience as a CFO at companies with similar end markets in construction, Suzanne Wood is a suitable replacement.
We maintain our view that the investment case for the yellow metal will weaken.
Prices remained largely flat after yesterday's interest-rate hike, but we expect investment demand to fall as rates march upward.
It boasts a big dollar value, but opposition will necessitate revisions.
The narrow-moat firm earned a record $1 billion in EBITDA in 2017.
The narrow-moat firm's financial results will remain weak as long as the uranium markets struggle.
The market underestimates our top pick for U.S. infrastructure.
Although shares rose after Kazakhstan announced production cuts that should support a recovery in uranium, the narrow-moat miner remains undervalued.
Despite near-term challenges, we think the outlook remains strong for undervalued, narrow-moat aggregates producer Martin Marietta.
Gold miner stocks are fairly valued today, and Eldorado Gold is our top pick.
With fundamentals outside of investor demand looking weak, we expect gold prices to fall through 2018.
Beijing is moving to nuclear to reduce a heavy reliance on coal.
Martin Marietta and Vulcan Materials are best-positioned among U.S. aggregates and concrete stocks.
Arbitration threat doesn't affect our fair value estimate for the miner.
Eldorado must extract more value beyond the current mine plan to justify the price paid.
The company's CFO has resigned and switching independent auditors.
Fears around the concrete firm's exposure to Mexico have created a rare buying opportunity in the building materials sector.
Gold prices fell after the Fed announced it plans three rate increases next year.
We think the firm’s U.S. and Mexico exposure will drive significant increases in free cash flow.
Given our expectation of improving U.S. residential construction activity and rising Mexican infrastructure investment, the narrow-moat company will enjoy strong demand growth.
But it’s uncertain whether Trump’s infrastructure spending plan will be executed in its proposed form.
We continue to believe consumer demand means gold has a promising future, but there is still downside risk for the commodity and the miners in the near term.
The market overestimates the sustainability of recent commodity rallies, leaving the basic materials sector severely overvalued.
While gold equities are no longer cheap as a group, we still see upside in Goldcorp.
Valuations reflect investor expectations for gold prices that are well below our long-term forecast.
Falling gold prices weigh on results, but the firm is nearing its debt-reduction target.
The coal miner has the financial flexibility to cope with low natural gas prices.
Total non-residential-construction spending is likely to disappoint over the next decade, but growth in construction-heavy industries like manufacturing and highways bodes well for some companies.