2 Real Estate Tech Stocks Ready for a Resurgence
This article is excerpted from Tom Yeung’s Profit Protection newsletter. To make sure you don’t miss any of Tom’s picks, subscribe to his mailing list here . Cyclical Stocks Are Just a Bad Idea Right Now… Oil prices tumbled again yesterday. Prices of Western Texas Intermediate shed 6% within minutes before the opening bell, sending stocks from blue chip Exxon Mobil (XOM) to meme stock Indonesia Energy Corp (INDO) plummeting. There’s a reason why the Profit Protection core list contains zero oil-producing stocks. These headline-grabbing moves are only part of a broader collapse in cyclical assets. Lumber prices have fallen 50% over the past several months. And share prices of lithium and rare earth miners — once considered growth catalysts for the electric vehicle industry — are moving in reverse. Prices of lithium miner Sociedad Quimica y Minera de Chile (SQM) are down 30% since late May. But fears of a recession are creating fantastic deals in countercyclical companies that work in cyclical ones.
2 Real Estate Tech Stocks Ready for a Resurgence
This article is excerpted from Tom Yeung’s Profit Protection newsletter. To make sure you don’t miss any of Tom’s picks, subscribe to his mailing list here . Cyclical Stocks Are Just a Bad Idea Right Now… Oil prices tumbled again yesterday. Prices of Western Texas Intermediate shed 6% within minutes before the opening bell, sending stocks from blue chip Exxon Mobil (XOM) to meme stock Indonesia Energy Corp (INDO) plummeting. There’s a reason why the Profit Protection core list contains zero oil-producing stocks. These headline-grabbing moves are only part of a broader collapse in cyclical assets. Lumber prices have fallen 50% over the past several months. And share prices of lithium and rare earth miners — once considered growth catalysts for the electric vehicle industry — are moving in reverse. Prices of lithium miner Sociedad Quimica y Minera de Chile (SQM) are down 30% since late May. But fears of a recession are creating fantastic deals in countercyclical companies that work in cyclical ones.