Commodity stocks could have a chance to add to their strength in 2024 as investors look to consider options beyond just the tech sector. Undoubtedly, tech and artificial intelligence are must-haves for any portfolio aimed at outperforming over the long run.
That said, we must not ignore the value plays that have been left for dust amid last year’s chasing of hot AI stocks. My takeaway? Why not own tech plays in addition to the lesser-loved value plays and commodity producers?
You don’t have to be all-in (or too heavy) on tech to do well. In fact, value may have its moment to shine in 2024 as valuations settle in the hottest corners of tech (think the AI semi stocks). In this piece, we’ll have a closer look at two commodity firms that are not only well-run, but could have the wind to their back as we move further into 2024.
Uranium top dog Cameco (TSX:CCO) and top-tier gold miner Barrick Gold (TSX:ABX) are some of the most…
