Can 4 stocks in the Materials Sector that struggled through 2022 rejuvenate themselves in 2023?
The Australian Materials Sector includes a diverse group of companies from the major miners to gold stocks, building companies, lithium names plus a few others. Because of this diversity there tends to be a large cross section of stock performances within this broad basket, meaning more than most sectors looking too closely at the main index itself is not overly beneficial.
- We like the Materials Sector short-term but the post-Covid advance looks mature and definitely not worth chasing into strength.