Macro-Industry Strategy: Global Views Update


We have not made any changes to our Macro-Industry Strategy Table in the past week and maintain our Bullish North American Palladium view, which we are playing via Stillwater Mining and is up by 1.5% since late March . This week we also explore ways to play the recovery in the US solar market and revisit a Vietnamese infrastructure view that we flagged up back in February.

Our Bullish North American Palladium view, proxied via Stillwater Mining continues to play out and is up 1.5% since we initiated it on March 19, outperforming the S&P 500 which is up by 0.4% over the same period. We believe that palladium producers in North America will benefit from a combination of strong demand - particularly from the autos sector - and ongoing supply-side concerns emanating from both South Africa and Russia, which are the two largest palladium producing countries.

Upside Potential For US Solar

Still Hanging In There
US - Stillwater Mining Equity, US$

or Register now for free to read the full article

This article is tagged to:
Sector: Country Risk
Geography: Global, Middle East, United Arab Emirates, Bahrain, Egypt, Israel, Iran, Jordan, Kuwait, Oman, Qatar, Saudi Arabia