Metals recycling business SGM advanced +1.9% yesterday testing its 8-week high during the session, this is another stock that’s looking ok as it recovers following a 50% drop in 2022. Overall an unlikely recovery target for MM but it does add weight to our net bullish outlook for stocks.
- We like SGM targeting fresh 2023 highs in the coming months, or around 10% higher.
MM is bullish towards SGM short term
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