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Submission: On August 27 via automatic, source certstream-suspicious
Effective URL: https://moneymorning.com/
Submission: On August 27 via automatic, source certstream-suspicious
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</form>Text Content
Friday, August 27th, 2021
Markets:
DJIA --192.380.54%
NASDAQ --96.050.64%
S&P --26.190.58%
Featured Stocks:
JNJ 0.53% 173.30
AAL -1.24% 19.90
ABNB -4.75% 152.73
UAL -1.22% 47.01
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Stocks
THIS CHEAP STOCK COSTS LESS THAN $8 RIGHT NOW
By Shah Gilani, Chief Investment Strategist, Money Morning • Thursday,
August 26, 2021
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Shah Gilani
We've had a great summer buying up my "cheap stock" picks, with gains like 16%
on LYSCF - a stock we owned at $4.25 a share. It doesn't even have to reach 10
bucks, and we'll have doubled our money, with plenty of upside potential left.
Today's recommendation could do even better. It's a stock in a sector that's
red-hot, and in more ways than one, I'd add: steel.
The entire world's economy is in the process of bouncing back, albeit unevenly,
from the COVID-19-powered haymaker it took in spring 2020, and steel - which
plays a part in any recovery - is seeing demand at multi-year highs. That's one
of the reasons why the SLX, the VanEck Vectors Steel ETF, is up nearly 40% year
to date.
Of course, SLX will set you back nearly $64 a share today, but the stock I've
picked out for us today costs nine times less.
More than that, steel and metal demand in this company's own backyard is seeing
double-digit gains this year, so it's in the perfect position to cash in.
Now you are, too...
EDITOR'S PICKS
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Stocks
THREE SHORT SQUEEZE STOCKS TO WATCH THIS WEEK
Wall Street hasn't learned its lesson from the GameStop fiasco, and some heavily
shorted stocks are prime for a squeeze from savvy retail investors. Andrew
Keene's S.C.A.N. algorithm found three this week that could make big moves to
the upside.
Get the picks...
Stocks
DISNEY STOCK FORECAST 2025: SHARES DOUBLE IN FIVE YEARS
Despite a 36% drop in 2020, Disney stock's future looks bright, and predictions
indicate it could more than double by 2025. Here's the right time to get in to
make the most of its potential.
Full story...
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