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HomeMongolia NewsShould Investors Buy This TSX Stock That's up 60% in 2022?

Should Investors Buy This TSX Stock That’s up 60% in 2022?

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Motley Fool investors have been having a hard time finding the growth stocks that were once everywhere. Back in 2020, after the COVID-19 crash, pretty much every TSX stock was a growth stock. But that’s now in the past.

The TSX today is down by 9.3% year to date as of writing. That’s certainly an improvement over the last month or so, but it’s trading around market correction territory. And yet there are some stocks like this TSX stock that have climbed higher and higher.

Commodity stocks

Commodity stocks have been some of the strongest performers in 2022. That comes from a market that remains volatile. Investors want something safer, and commodities provide that security, if only during a downturn.

The reason is that commodities are used for essential goods and services. We need silver for batteries. We need crop nutrients to grow food. And we need copper for electrical components.

It’s this last one…

Read more…

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