Last week saw LYC shares soar higher after the company delivered an almost 400% increase in 1H 2022 net profit. The rare earths miner is enjoying the EV revolution which still looks in its infancy. MM believes LYC is viable and potentially better alternative to lithium stocks which are trading on high valuations as investors clamour for exposure to Tesla’s et al.
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Thursday 28th March – ASX200 +80pts, All Time High, Retail Sales
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Performance for February & 4 stocks we like here and now
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Thursday 28th March – DOW up +477pts, SPI up +60pts
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MM is bullish LYC initially looking for 15-20% upside
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