These 10 Companies are in Beast Mode

3. TMC the metals company Inc. (NASDAQ:TMC)

TMC jumped by 13.31 percent on Wednesday to end at $7.49 apiece after earning a bullish rating from an investment firm.

In its market note, Wedbush upgraded TMC the metals company Inc. (NASDAQ:TMC) to “outperform” from “neutral” and raised its price target to $11 from $6 previously. The new price target represented a 49 percent upside from its latest closing price.

According to Wedbush, the upgrade was based on a stronger US government from President Donald Trump’s executive order in April, “Unleashing America’s Offshore Critical Minerals and Resources,” which could allow TMC the metals company Inc. (NASDAQ:TMC) to bypass the UN-affiliated International Seabed Authority and ramp up production in the Clarion Clipperton Zone.

“TMC is well-positioned to emerge as a critical enabler of US supply chain independence through increased urgency from intensifying trade tensions with China, particularly around rare earths and critical minerals,” it said.