10 Best Falling Stocks to Invest in Right Now

6. Rio Tinto Group (NYSE:RIO)

52 Week Range: $57.85 – $74.24

Current Share Price: $61.12

Number of Hedge Fund Holders: 30

Stock Upside Potential: 37.12%

Rio Tinto Group (NYSE:RIO) is a basic materials company that mines and processes mineral resources worldwide. It operates through Iron Ore, Aluminum, Copper, and Minerals Segments. While the stock has been in consolidation for months, several factors affirm why it is one of the best-falling stocks to invest in right now.

A proposed merger with Glencore is one catalyst that could provide some impetus to the stock. The merger would result in one of the largest mining companies in the world with massive mineral reserves. Additionally, there have been reports that Rio Tinto Group (NYSE:RIO) plans to acquire Teck Resources as it looks to strengthen its prospects in the industry.

Donald Trump administration’s ending regulatory red tape is another factor that strengthens Rio Tinto’s long-term prospects. For once, the company could secure approval for the Resolute Mine in Arizona, allowing it access to substantial copper deposits. The mine would put the company in a strategic position to benefit from growing copper demand amid the electric vehicle revolution. A recovering Chinese economy is also expected to fuel demand for various commodities, resulting in price spikes that will benefit Rio Tinto Group (NYSE:RIO).