Metal stocks rally may signal profit-taking opportunity
after close1 source ↓written by the desknot a recommendation
- due to increased
- $2,600 per tonne
Rakesh Arora, Founder of GoIndiaStocks.com, advises investors to consider booking profits on rising metal stocks instead of buying more. He anticipates strong June-quarter earnings but warns of potential earnings downgrades as commodity prices soften. Arora highlights aluminium, predicting a drop to $2,600 per tonne due to increased supply from the Middle East and Indonesia.
Not investment advice. For informational purposes only.