"Seven Best Commodity Stocks to Buy in 2023," an Interview with Tom Samuelson in Forbes

Feb 17, 2023 9:00:49 AM

Tom-1-1"Seven Best Commodity Stocks to Buy in 2023"– Interview with Vineyard Global Advisors Chief Investment Officer Tom Samuelson, CFA, CMT 

Erik Sherman with Forbes interviewed VGAs Chief Investment Officer Tom Samuelson for his perspective about the best commodity stocks for investors to consider in 2023.

Commodities are essential to the global economy. Historically, commodities involved speculation around futures contracts, which can be risky. But a wide range of ETFs and Stocks have created new opportunities for investors in commodities markets with limited exposure. In this interview, Erik and Tom explore the top commodity picks based on indicators such as stability, global consumption, and definitive growth potential.  Find out which sectors and brands made the top 7 list for 2023.

In This Article We Explore the Following:

Commodity Inventories are Seeing Critical Lows, but China's Increasing Consumption Could Boost Markets.

Most commodity markets are tight. China’s ongoing economic recovery from the end of its 2022 Covid lockdowns will invariably increase consumption giving a much-needed boost to commodity markets. Despite the economic weakness of the past year, inventories of several key commodities have declined and are now sitting at critically low levels.

Why Copper's Reign as the King of Industrial Metals Will Remain Unchallenged Thanks to The Renewable Energy Sector.

Copper is essential to producing electric vehicles and renewable energy such as wind and solar. As mainstream adoption of EVs and alt energy sources accelerates, the copper demand will grow exponentially. To contextualize its potential growth, a gas-powered car contains 18-49 pounds of copper, while a battery-powered EV contains 183 pounds. Global copper demand for alternative energy sources is expected to double to 9.5 billion pounds by the decade's end.  

Oil Production Declines in South America and Africa Point to Saudi Arabia and the US for Future Production.

Oil supply and demand will get very tight by the end of 2023 as the world inches toward 98%-99% of capacity. As a result, low-cost oil and natural gas producer Diamondback is a smart choice as they are better positioned than their peers, thanks to sound execution and low break-evens. The company’s finding and operating cost comes in at $11.13 per barrel versus current crude oil prices of $80 per barrel.

Read the Full Article Here...

Writer: Erik Sherman with Forbes

Guest: Tom Samuelson, CIO of Vineyard Global Advisors

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