President Trump Signed an Order That Could Send This Under-the-Radar Stock Soaring: Is it a Buy Now?
Beyond imposing tariffs or pressuring the Federal Reserve to slash interest rates, President Donald Trump's latest effort to strengthen America's economy has him turning his attention toward the ocean -- or rather, what's on the bottom of it. In a recently signed executive order, Trump directed the secretaries of Interior and Commerce, among others, to speed up U.S. efforts to explore the potential of mining the ocean floor for critical minerals. Just as shares of MP Materials (NYSE: MP) soared on the mid-April news that Trump was committed to stockpiling rare earth minerals, shares of The Metals Company (NASDAQ: TMC) also soared on his order regarding deep-sea mining.But does this news necessarily mean that The Metals Company -- a company dedicated to deep-sea mining operations -- is a stock that investors should be powering their portfolios with right now? Continue reading
Beyond imposing tariffs or pressuring the Federal Reserve to slash interest rates, President Donald Trump's latest effort to strengthen America's economy has him turning his attention toward the ocean -- or rather, what's on the bottom of it.
In a recently signed executive order, Trump directed the secretaries of Interior and Commerce, among others, to speed up U.S. efforts to explore the potential of mining the ocean floor for critical minerals. Just as shares of MP Materials (NYSE: MP) soared on the mid-April news that Trump was committed to stockpiling rare earth minerals, shares of The Metals Company (NASDAQ: TMC) also soared on his order regarding deep-sea mining.
But does this news necessarily mean that The Metals Company -- a company dedicated to deep-sea mining operations -- is a stock that investors should be powering their portfolios with right now?
