What are some companies that have low priced stocks now but are promising to rise?
*0!/Z* asked:
On valuation the banks are dirt cheap (historically).
Here are a few:
BAC bank of america-around 25 and gives a 9% dividend
C citigroup-around 17 and gives a plus 6 dividend
JPM-jp morgan-35 gives a 4% dividend(america’s strongest bank)
STI-suntrust-regional bank at 35 with a 7% dividend
RF-regions-regional bank at 11 with strong dividend
Long term these will be winners.
Personally I think the auto companies will eventually comeback. They’ve been taking a huge hit these last few years as they try to revamp their strategies. GM hit a 50 year low a few days ago and Ford is now under 5 bucks but I think in the long run they will bounce back and/or get bought which would make the stock go up. I think the best thing to look for are growing fields such as solar companies, pharmaceuticals, and other fields that are gaining revenues.
I invest in stocks. I own big caps like axp and bmy. However, I do search for stocks that are at a 52 week low or near it, say within four dollars. One particular stock I am presently buying on a dollar cost averaging format is Ford Motor Company(F). It closed friday at $4.98 -.09. Be advised this is a lonnnnng term investment strategy. I’ll buy this stock probably upon its arrival at $10. Stocks that sell below $10 I have a rule against buying for this is an indicator the company is truly challenged in all aspects of the business. Ford has a lot of contingentsies to navigate:gas prices, suv production reduction, an economy in recession, credit crunch, expanding quality foriegn competion, hybred production, etc. Ford has no where to go but up and I will make this below $10 exception.