When it comes to stock market decisions, the chances of going wrong are ever-present. So, there has to be a sound reason for buying a stock, or taking exposure to a sector. For instance, when buying metal stocks knowing fully well that a contrarian trade is being made, two things need to be kept in mind. First: Overcome short-term fears and stick with the chosen stocks when the market turns volatile. Second: When the reason for which the stock was bought plays out, it is time to book profits. Of course, if the reason does not change, don't sell the stock. If you keep these two things in mind, there are good enough reasons to take a contrarian position in some metal stocks. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
