Most investors would be wary of buying into a company that has yet to reach net profitability, though sometimes the macro narrative and the company-specific developments warrant a second look at some upside potential in this story. Today, one stock in the basic materials sector fits that description for several reasons.
MP Materials Corp. (NYSE: MP) shares are trading near their 52-week highs for a good reason. Not only that, but this stock also has the potential to break into a new ceiling in the coming months and quarters, as the macro backdrop and rising investment interest make this stock a hot pick to keep in a growth portfolio.
