Investors are showing a strong interest in commodities and companies involved in mining them, due to positive news on the geopolitical, inflation, and supply/demand fronts. Three MoneyShow contributors offer insights on the natural resources market and highlight profitable opportunities in the sector. Tim Plaehn, from The Dividend Hunter, recommends investing in Kinetik Holdings Inc. (KNTK), a energy midstream company operating in the Texas Delaware Basin. The company has strong growth prospects and is expected to generate significant EBITDA in 2024.
Jim Woods, from Successful Investing, suggests investing in the iShares US Oil & Gas Exploration & Production ETF (IEO) as the conflicts in the Middle East heat up, leading to a potential rise in oil prices. IEO tracks a market-cap weighted index of US companies in the oil and gas industry, making it a strong choice for investors looking to add energy investments to their portfolio. The fund has shown strong performance in recent months, making it an attractive option in the current market environment.
Douglas Gerlach, from SmallCap Informer, recommends investing in royalty companies and streamers within the mining sector as they offer opportunities to capture value in the precious metals sector without incurring the costs and risks associated with mining operations. Royal Gold (RGLD) is highlighted as a strong performer in the gold royalty company and streamer space, with a diverse portfolio of properties around the globe. The company has shown consistent revenue and EPS growth and is expected to continue growing in the coming years.
Jeff Hirsch, JC Parets, and Steve Strazza provide a comprehensive overview of the market action in 2024 in a MoneyMasters Podcast episode. They discuss the technical and seasonal outlook for stocks, the impact of the upcoming presidential election, and potential market trends in the months ahead. The experts also analyze the performance of commodities such as copper, energy, and gold, as well as the response of different sectors to recent market conditions.
The podcast covers promising options trading techniques, including the use of iron condors, and highlights stocks that present attractive buying opportunities despite recent market turmoil. Alternative investments like Bitcoin and other cryptocurrencies are also discussed, along with their potential for future growth. The experts also provide insights into the recent MoneyShow conference in Miami and offer a preview of the upcoming Investment Masters Symposium Silicon Valley, providing attendees with valuable insights from industry experts.
Overall, investors are advised to consider opportunities in the natural resources market, particularly in energy and mining sectors, as positive market conditions and geopolitical factors continue to drive demand for commodities. By following the recommendations of expert contributors and staying informed on market trends, investors can make informed decisions to capitalize on profitable opportunities in the current market environment.
