Published on 27 Sep 2022 on Insider Monkey via Yahoo Finance

10 Best Materials Stocks to Buy After Fed’s Latest Rate Hike

Article preview image

In this article, we will be taking a look at the 10 materials stocks to buy after the Fed's new policy. To skip our detailed analysis of these stocks, and recent policy measures and their consequences, you can go directly to see the 5 Materials Stocks to Buy After Fed's Latest Rate Hike.

On September 21, 2022, Jerome Powell, Chair of the Federal Reserve, commented that he and his fellow policymakers would continue attempting to beat inflation down. One of the more recent moves the Fed made in this attempt was another hike in the interest rates. According to Reuters, the hike constituted a rise of about three-quarters of a percentage point for the third time in a row, indicating to the market at large that borrowing costs would continue to rise in 2022. With this particular hike, the Federal Reserve raised the central bank's benchmark overnight interest rate to about 3% to 3.25%, to the dismay of investors across the country.

In the aftermath of the Federal Reserve's latest policy decision, the market observed winners and losers in terms of sector performance. While the healthcare sector lagged, falling 0.5%, the materials sector gained 1.7%, becoming leaders in the market in September. In major indexes, the Nasdaq Composite rose by 0.8%, the S&P 500 Index rose 0.7%, and the Dow Jones Industrial Average rose 0.6%. Materials stocks like Air Products & Chemicals, Inc. (NYSE:APD), The Mosaic Company (NYSE:MOS), and BHP Group (NYSE:BHP) are among some of the top names in the sector that have been performing well in comparison to other stocks on the market. Many materials stocks, including several of those listed on our list below, also offer attractive dividends for income investors looking to earn passively.

NASDAQ.STLD price evolution
NYSE.CLF price evolution
NYSE.BHP price evolution
ASX.BHP price evolution
LSE.BHP price evolution
LSE.RIO price evolution
ASX.RIO price evolution
NYSE.RIO price evolution

Want to become a better investor?

Start tracking your investments with Statfolio

Sign up for free
Related News
Decoding Steel Dynamics Inc (STLD): A Strategic SWOT Insight

Strengths: Robust production capacity and diversified product portfolio.Weaknesses: Market volati... via Yahoo Finance 10 Nov 2023

A look at Reeves, Presley ahead of the November 7th General Election

Incumbent Republican Governor Tate Reeves and Democratic nominee Brandon Presley are barreling...

McComb Enterprise-Journal 2 Nov 2023

Should Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) Be on Your Investing Radar?

Launched on 11/08/2017, the Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) is a passively ma...

Zacks via Yahoo Finance 25 Oct 2023

Steel Dynamics, Inc. (NASDAQ:STLD) Q3 2023 Earnings Call Transcript

Steel Dynamics, Inc. (NASDAQ:STLD) Q3 2023 Earnings Call Transcript October 19, 2023 Operator: Go...

Insider Monkey via Yahoo Finance 20 Oct 2023

Steel Dynamics Inc (STLD) Q3 2023 Earnings: Solid Performance Despite Lower Realized Steel Prices

<img src= via Yahoo Finance 19 Oct 2023

Lower Steel Prices Hurt Steel Dynamics (STLD) Earnings in Q3

Steel Dynamics, Inc. STLD logged earnings of $3.47 per share in third-quarter 2023, down from $5....

Zacks via Yahoo Finance 19 Oct 2023

Briefs: Steel Dynamics reports third-quarter decline in earnings, sales

Steel Dynamics Inc. on Wednesday reported third-quarter earnings of $577 million, or $3.47 per...

Fort Wayne Journal Gazette 18 Oct 2023

Mississippi’s largest economic project holds hiring event

COLUMBUS, Miss. (WJTV) – Steel Dynamics, Inc., is beginning to hire workers for the largest econo...

WJTV Jackson 13 Oct 2023

Steel Dynamics holds hiring event to fill hundreds of jobs

Steel Dynamics Inc. is hiring. Mississippi lawmakers approved nearly $247 million in state...

WAPT Jackson 13 Oct 2023

Steel Dynamics (STLD) to Post Q3 Earnings: What's in the Offing?

Steel Dynamics, Inc. STLD is set to release third-quarter 2023 results after the closing bell on ...

Zacks via Yahoo Finance 13 Oct 2023