Commodities Are Hot. Buy These ETFs to Own Them.
Written by Emily J. Thompson, Senior Investment Analyst
Source: MarketWatch
- Commodities Surge: Gold, copper, and silver hit historic highs; aluminum and iron ore prices are rising. Wheat prices are up due to tight inventories from production declines in Russia.
- Investing in Commodities: Investors advised to include 5-10% of commodities in portfolios as a hedge against inflation and currency devaluation.
- ETF Investment Options: Exchange-traded funds (ETFs) offer convenient investment options for commodities, providing diversification without complexity.
- Top Performing ETFs: Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF, Bloomberg All Commodity Strategy K-1 Free ETF, and abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free are highlighted.
- Scenario Risks Management: ETFs like SPDR Gold Shares, iShares Silver Trust, Invesco DB Agriculture, and Amplify Alternative Harvest ETF can help manage scenario risks related to specific commodities.
Analyst Views on MJ
Wall Street analysts forecast MJ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MJ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 28.660
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
