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Scoop Up These 3 Commodity Stocks Down More Than 20% -Breaking

by Mike Robinson

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© Reuters. Grab These 3 Commodity Stocks Below 20%

With the benefit of hindsight, it’s increasingly clear that a new commodity bull market began in 2020 following years of underperformance. While many commodities stocks have seen incredible gains, the market is still subject to significant volatility. Some commodities stocks have experienced corrections up to 20% even within the context of an upwards trend. These stock may be worth considering buying. 3 of these stocks are ArcelorMittal (NYSE:), Vale (VALE), and Nexa Resources (NEXA).With the benefit of hindsight, it’s increasingly clear that a new commodity bull market began in 2020 following years of underperformance. The market has risen from its March 2020 low to the present. Invesco DB Commodity Index Tracking FundDBC)It is now up by 102%

DBC ETF is an ETF covering broad commodity ETFs. It holds various industrial, agricultural, and energy commodities. They are each weighted differently. While many commodities stocks have seen incredible gains, the market is still subject to significant volatility. Some commodities stocks have experienced corrections up to 20% even though they are following an upwards trend.

Some stocks retain attractive valuations, but still offer impressive growth potentials. These stocks include 3 ArcelorMittal (MT), Vale (VALENexa Resources (NEXA). In this article, I will dig into these stocks’ fundamentals, the reasons for the recent pullback, and why now could be a good buying opportunity.

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