Published on 7 Dec 2022 on Insider Monkey via Yahoo Finance

11 Best Commodity Stocks To Buy on the Dip

In this article, we discuss the 11 best commodity stocks to buy on the dip. If you want to read about some more commodity stocks to buy on the dip, go directly to 5 Best Commodity Stocks To Buy on the Dip.

Over the past year, commodities stocks were trading at record highs due to a macro environment characterized by soaring inflation and rising interest rates. This boom had come after years of stalled prices in the sector that had led economic experts, like Jim Cramer of Mad Money on CNBC, to advise investors at the time to buy the dip in the commodities sector, before a spike in the prices of prominent stocks like Chevron Corporation (NYSE:CVX), Gilead Sciences, Inc. (NASDAQ:GILD), and Philip Morris International Inc. (NYSE:PM). 

As new economic data shows that the US is on a path to recovery after two consecutive quarters of stalled growth, and as supply chains improve, resulting in lower-than-expected inflation readings, commodity stocks are witnessing a dip in their share prices once again. However, the market is expected to continue to be volatile due to the Russian war in Ukraine and the uncertain virus situation in China, meaning that any dip is likely to be short-lived and provides a buying opportunity for shrewd investors.