5 Best Cobalt Stocks To Buy For 2021

1. Carpenter Technology Corporation (NYSE: CRS)

Carpenter Technology Corporation (NYSE: CRS) is a Pennsylvania-based company that develops, manufactures and distributes metal alloys. These alloys are then used in many products around the world like electronics, aircraft and electric vehicles. The firm was founded in 1889 and has now become a market leader in the production of alloys like titanium, nickel, and cobalt, as well as specifically engineered ones for additive manufacturing (AM) processes and soft magnetics applications. 

The company has a market cap of more than $2 billion and posted a revenue of more than $2 billion in June 2020. Earlier this year, the shares of the company rose more than 20% after the company implemented cost reduction initiatives and some portfolio reassignments. The firm also won some key defense and aerospace contracts to bolster investor confidence. The firm is first on our list of top 10 best cobalt stocks for 2021. 

With a $14.2 million stake in Carpenter Technology Corporation, Fisher Asset Management owns 486,003 shares of the company as of the end of the fourth quarter of 2020. Our database shows that 14 hedge funds held stakes in CRS as of the end of the fourth quarter, versus 16 funds in the third quarter.

You can also take a peek at 10 Best Stocks To Buy Now According To Quant Billionaires and 15 Most Valuable Technology Companies in the World.

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