U.S. Government-Backed MP Materials Stock Is Down 42% From Its 52-Week High. Is It Time to Buy the Dip?
Key takeaways
- MP NVDA In recent years, trade tensions have revealed the U.S. s heavy reliance on China for rare-earth elements and other critical materials used in advanced magnets, which are central to much of today s technology.
- MP Materials stock surged last year in response to its deal with the U.S., which included price floors and long-term purchase commitments for its domestically produced magnets.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
MP NVDA In recent years, trade tensions have revealed the U.S. s heavy reliance on China for rare-earth elements and other critical materials used in advanced magnets, which are central to much of today s technology. The United States is taking drastic action to rebuild its supply chain for critical minerals, including taking an ownership stake in U.S.-based MP Materials (NYSE: MP).
MP Materials stock surged last year in response to its deal with the U.S., which included price floors and long-term purchase commitments for its domestically produced magnets. However, the stock has since fallen 42% from its 52-week high price. Here s why investors may want to consider buying the dip in this rare-earth mining stock.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »