IvanLabrie

TX: Ternium is a huge buy here...

Long
NYSE:TX   Ternium S.A. Ternium S.A
I think $TX shares are likely to benefit from increasing inflation and higher interest rates in their target markets, caused by the huge money printing and govt spending needed to survive the Coronavirus induced recession. As activity picks up, construction in these markets will be a very profitable endeavor, specially as real estate prices tend to go mostly higher due to the terrible combination of high interest rates and high inflation in these EM nations. Additionally, steel itself is likely to go up due to the infinite QE effect over time as well.
Valuation for $TX was very attractive recently, and I've been buying it for some time. Currently one of my favorite stock ideas.
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Cheers,

Ivan Labrie.
Trade closed manually: I would consider reducing exposure to equities overall, but this one might fare well regardless of the risks in US stocks. I'm out for now.
Trade active:
Comment: I would look into buying back here soon.

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