The highly cyclical materials industry has benefited producers...

The highly cyclical materials industry has benefited producers in times of economic growth and seen many players out of business during a downturn. Therefore, this industry is a macroeconomic play with the opportunity of riding the wave in times of robust demand for commodities. Midway and MACA are materials industry stocks on my list that are potentially undervalued, which means their current share prices are trading well-below what the companies are actually worth. Investors can determine how much a cyclical company is worth based on how much money they are expected to make in the future, or compared to the value of their peers. The list I’ve put together below are of stocks that compare favourably on all criteria, which potentially makes them good investments if you believe the price should eventually reflect the stock’s actual value.
https://**.st/stocks/au/materials/a...undervalued-materials-stocks-to-look-out-for/