![]() When Covid-19 transitioned from a distant crisis to an everyday reality, the industries that suffered some of the biggest declines were anything related to bringing people together. Mathematically, they have more room to run. Still, as the economy starts to rebound from this awful mess, the biggest beneficiaries could be cheap stocks. And while the Covid-19 crisis is a legitimate reason, you should be leery about companies that use the pandemic as a crutch. To be fair, when equity units are this inexpensive, there’s usually a reason for it. No, each of these discount-bin names are priced under $10. You’re not going to find me pull up some esoteric argument about cheap relative to forward-looking earnings projections. They just happened to fall under rough circumstances.īetter yet, by cheap stocks, I mean this on an elemental sense. Rather, I’m talking about companies with serious potential. And I’m not referring to fly-by-night garbage that you can find on the over-the-counter exchange. Still, if we do suffer from a severe correction, that would bring more cheap stocks to buy on the table.īut if we don’t? Despite the dramatic spike in market valuation following the initial devastation of the novel coronavirus pandemic, you might be surprised to learn that there are still plenty of cheap stocks to buy. From these levels, the volatility would be quite devastating, adding more to the pessimism. With Wall Street sending off mixed signals near the peak of its valuation, many investors are fearful of a crash. It’s a confusing time to be in the market. ![]() ![]() InvestorPlace - Stock Market News, Stock Advice & Trading Tips ![]()
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