Why Commodity ETFs Are Smart Investments in Today's Market
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 09 2024
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Source: NASDAQ.COM
Market Reactions and Economic Outlook: Following a sell-off in global equities due to a disappointing jobs report, Goldman Sachs initially raised recession fears but later reduced its forecast based on stronger economic data. Despite fading recession concerns, market volatility may persist, especially with upcoming U.S. Presidential elections.
Investment Strategies in Commodities: Investors are encouraged to diversify their portfolios by increasing exposure to commodities like copper, silver, gold, and uranium, which are expected to benefit from favorable macroeconomic conditions, geopolitical tensions, and the shift towards clean energy. Various ETFs are highlighted as options for investing in these commodities.
Analyst Views on DBP
Wall Street analysts forecast DBP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DBP 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: 122.440
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Current: 122.440
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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.
