As the market faces uncertainty, I will be taking advantage of this dip to buy some good stocks like Posco which is trading most cheaply out of all the metal stocks.
Investors have dumped Posco on fears that rising cost will squeeze Posco’s margins. However, it is quite evident that the growth in Asia is phenomenally high. Posco has investments in the top growth area – Indonesia and India, these investments will play off really well in the long term.
This is one of the best managed company, and even the God of Omaha that is Buffett love it so much.
From technical perspective, PKX is in a good bullish setup pattern that could bring it back to its 1 year high really soon.
Steel is one of the best commodity play now since our copper play has come to a diminishing end.
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