10 Best Materials Stocks to Buy Right Now

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1) POSCO Holdings Inc. (NYSE:PKX)

Average Upside Potential: 65.7%

POSCO Holdings Inc. (NYSE:PKX) operates as an integrated steel producer in Korea and internationally.

Wall Street experts opine that POSCO Holdings Inc. (NYSE:PKX)’s strategic initiatives have placed it well to achieve a favorable growth outlook. These initiatives include a MoU with India’s JSW Group to develop a steel mill and collaborations in battery materials and renewable energy. In the Q3 2024 earnings call, POSCO Holdings Inc. (NYSE:PKX) also highlighted the completion of its Argentina Brine Lithium Phase 1 plant and ongoing restructuring efforts focused on improving financial stability.

Talking about the MoU with India’s JSW Group, POSCO Holdings Inc. (NYSE:PKX) initiated a joint project to construct an integrated steel mill with an annual capacity of 5 million tons as part of a global upstream investment priority strategy. Moreover, in the field of secondary battery materials, POSCO Holdings Inc. (NYSE:PKX) focuses on seeking business cooperation with JSW Group via joint investments and technology development along the secondary battery materials value chain.

POSCO Holdings Inc. (NYSE:PKX) aims for carbon neutrality by 2050, ahead of India’s 2070 target. The company highlighted that the completion of the Argentina Brine Lithium Phase 1 plant demonstrates progress in lithium production. POSCO Holdings Inc. (NYSE:PKX) continues to reflect resilience amidst fluctuating market conditions, and has been leveraging strategic partnerships and restructuring efforts to maintain financial stability and exploit future growth opportunities. With investments in Indian projects and lithium production, the company has been positioning itself to meet global demand.

While we acknowledge the potential of PKX as an investment, our conviction lies in the belief that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a deeply undervalued AI stock that is more promising than PKX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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