3 Oversold Stocks to Buy Now – 1/2

Fear creates opportunity. It always has.

Sir John Templeton would tell investors to buy excessive pessimism.  

Warren Buffett still advises that a “climate of fear is your friend when investing; a euphoric world is your enemy.”  And of course, we all remember his advice to “be fearful when others are greedy and greedy when others are fearful.”

Baron Rothschild would tell investors, “The time to buy is when there’s blood in the streets, even if the blood is your own.”  He knew that very well, considering he made a small fortune buying the panic that followed the Battle of Waterloo against Napoleon.

All of which applies to down, but far from out stocks, including:

Company: Albemarle (SYM: ALB)

After a strong rally from about $74 to $112, ALB pulled back to $86.14, where it’s again oversold. For one, the lithium market is expected to recover in the new year, especially with higher-cost lithium producers exiting the market. 

But we’ve seen this before.

In 2018, prices peaked due to oversupply, which led to a massive 60% crash in lithium prices. Miners were forced to close mines and delay projects. In fact, with prices ridiculously low, producers had no incentive to dig, which led to a massive deficit. 

By 2022, lithium prices would explode higher because of that deficit, thanks to massive new demand for electric vehicles and all things green. 

Today, we’re seeing the same thing play out again.

Mode Mobile

This tech company grew 32,481%…

No, it’s not Nvidia… It’s Mode Mobile, last year’s fastest-growing software company according to Deloitte.

Their disruptive $martphone, has helped users earn and save $325M+ through simple, everyday use. That led to 32,481% revenue growth between 2019 and 2022 and presence in 170+ countries.

Join over 30,000 shareholders and invest at just $0.26/share.

Company: Nucor (SYM: NUE)

Beaten-down, oversold shares of Nucor could come back strong in the new year, too.

Last trading at $115.86, we’d like to see NUE eventually retest $155. Also, as we wait for the recovery, we can collect the company’s 55-cent dividend, which is payable on February 11 to shareholders of record as of December 31. 

And, as noted by Seeking Alpha, Nucor Corporation is well-positioned to benefit from expected steel demand growth, driven by infrastructure investments and favorable policies under the upcoming Trump administration.”

Stansberry

America Repeats Act That’s Destroyed Stock Markets For 200 Years

The Fed has now repeated a mistake that central banks have been making for hundreds of years. Each time the result is the same for stocks.

Click here for the full story.

Company: ConocoPhillips (SYM: COP)

Last trading at $97.10, ConocoPhillips is excessively oversold as well.

From here, we’d like to see an initial retest of $112 a share. Helping, COP was upgraded to an overweight rating with a $123 price target. 

In addition, as also noted by Seeking Alpha, “ConocoPhillips recently raised its synergy capture estimate from the Marathon Oil acquisition to $1B, and JPM analysts led by Arun Jayaram believe the company will be one of the few E&Ps in their coverage that raise cash returns in 2025, including $6B of buybacks that should provide support for the stock.”

Crypto 101

Don’t tell ANYONE about this altcoin (until it pops)…

quiet woman

Quiet now! This governance token could be the sleeping giant of the crypto world…

In the next bull market, this “DeFi 2.0” powerhouse might soar 10x… 50x… perhaps even 100x.

That’s why it’s our top altcoin pick!

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