Investors are showing a lot of interest in commodities and the companies involved in mining them. This is due to bullish news on various fronts such as geopolitical tensions, inflation, and supply/demand dynamics. Tim Plaehn from The Dividend Hunter recommends investing in Kinetik Holdings Inc. (KNTK), an energy midstream company formed through a merger in February 2022. KNTK operates in the Texas Delaware Basin and has significant growth prospects. The company’s two segments, Midstream Logistics and Pipeline Transportation, have been performing well, with growing EBITDA and plans for expansion to accommodate the increasing demand in the region.
Jim Woods from Successful Investing suggests investing in the iShares US Oil & Gas Exploration & Production ETF (IEO) as oil prices surge due to conflicts in the Middle East. IEO, which tracks a market-cap weighted index of US companies in the oil and gas industry, has been performing well and offers a strong choice for investors looking to add an energy investment to their portfolio. With a top-heavy structure and high exposure to the energy sector, IEO presents a compelling opportunity for investors interested in benefiting from the current market demand for oil.
Douglas Gerlach from SmallCap Informer recommends investing in royalty companies and streamers within the mining sector, citing Royal Gold (RGLD) as a top pick. RGLD, a gold royalty company, has a diverse portfolio with properties in various locations around the globe. The company has shown consistent growth in revenues and EPS over the years, driven by organic growth from its portfolio pipeline and properties. Analysts expect strong revenue and EPS growth for RGLD in the coming years, making it an attractive investment option for those looking to capture value in the precious metals sector.
Jeff Hirsch, JC Parets, and Steve Strazza share their insights on market action in a MoneyShow MoneyMasters Podcast episode, discussing the outlook for stocks, commodities, and alternative investments in 2024. They provide a comprehensive review of the market performance so far and offer insights on what investors and traders can expect in the months to come. From technical and seasonal trends to the impact of the upcoming presidential election, the experts cover a wide range of topics to help investors navigate the current market environment and make informed decisions.
The experts also discuss the performance of various sectors such as technology, financials, and utilities, as well as promising options trading techniques like iron condors. They analyze the potential opportunities in different stocks despite recent market turmoil and delve into alternative investments like Bitcoin and cryptocurrencies. Additionally, they provide a preview of the upcoming Investment Masters Symposium Silicon Valley, where attendees can expect valuable insights from top financial experts in the industry. Overall, the experts offer a 360-degree view of the market and provide actionable advice to help investors navigate the ever-changing investment landscape in 2024.
