Investors have greeted the surprising U.S.-Iran peace deal with a sizable move higher, especially for high-powered tech stocks. However, with so many names enjoying blistering upside, there’s a rational case for seeking out less-heralded enterprises. One such example may be gold exploration and mining specialist Iamgold (IAG).
Here’s the quick fundamental case. If we are to take the implications of the peace agreement at face value (and assuming lingering geopolitical tensions don’t roil the relative calm), the Trump administration made some shocking concessions. It’s not just that the U.S. returned to the baseline before the bombs started dropping; rather, the nation fell back into a less favorable circumstance.
