Today’s trade wars have become a thorn in the side of many industries, but according to one of the most trusted source of an investment advisers, guru Paul Mampilly says thanks to tariffs, many domestic companies have hauled in record sales. Even better, Mampilly points out that investors should be jumping on these opportunities.There is growth in many industries, including construction, electronics and aerospace, which requires lots of aluminum and steel. President Trump imposed a 25 percent tariff on steel, and 10 percent on aluminum. The United States had been importing four times more steel than it exported, which President Trump said resulted in unfair trade.
However, with the new tariffs imposed, the value of American steel and aluminum companies increased dramatically.Since his initial campaigning, Paul Mampilly points out, President Trump promised to rebuild the national steel industry, which Paul Mampilly believes has been mistreated by competitors, especially Canada and Asian countries. Canada was the main foreign steel supplier to the United States, and was responsible for 40 percent of aluminum imports before tariffs. Many in the US aluminum industry have asked for Canadian shipments to be exempt from tariffs, but that is unlikely to happen with this administration. And according to Paul Mampilly, stocks like Nucor are opportunities.
Why Invest In Industrial Opportunities?
Not sure why you should be looking at industrial opportunities? Paul Mampilly say it’s because of the growth trend. Domestic cities are expanding, which means growth in construction and a demand for building resources.One of the basic lessons when investing is diversification. By not putting all the eggs in the same basket it is possible to minimize the risk of volatility of a portfolio, says Mampilly.For the past 20 years, Paul Mampilly has been empowering investors with his insight on the market. As a part of Banyan Hill Publishing, he offers unrivaled analysis and advice. He’s one of the most respected advisers to a long list of loyal clients, and senior editor at Banyan Hill, known for his widely popular newsletters, Profits Unlimited and Rapid Profit Trader.You can keep up-to-date with his investment tips and advice by visiting him on Facebook.