While in the midst of this Labor Day weekend that closes out the summer, I thought it appropriate to give some thought to investing ideas for the remainder of the year. This article from Tuesday's U.S. News Invested seemed to be right up that alley. Perhaps there's a good opportunity in there somewhere. Continue to enjoy the holiday.
8-27-19 7 of the Best Cheap Stocks to Buy for the Rest of 2019 | Stock Market News | US News
7 Best Cheap Stocks to Buy for the Rest of 2019
While these may be cheap stocks, the companies behind them are worth between $1 billion and $50 billion.
By John Divine, Staff Writer Aug. 27, 2019, at 4:57 p.m.
7 Best Cheap Stocks to Buy for the Rest of 2019
Own part of a billion-dollar company for under $15.
As 2019 winds to a close, investors have plenty of data they can use to pick winners for the remainder of the year. Trends in asset classes and company financials – as well as stock prices themselves – can be extrapolated to predict outperformers. And for believers in fundamentals, a number of the following stocks look attractive on those terms as well. Nominally cheap stocks, let’s say those trading for less than $15 a share, enjoy higher liquidity, which means narrower bid-ask spreads and confidence you’ll be able to sell when necessary. What follows are seven of the
best cheap stocks to buy for the rest of 2019.
Kinross Gold (ticker:
KGC)
Despite advancing more than 50% year-to-date, shares of Canadian gold and silver miner Kinross Gold still trade near the $5 level, making KGC the cheapest stock to buy, on an absolute basis, on this list. Gold and silver prices have both been rising in 2019; slowing global growth coupled with falling interest rates and trade war uncertainty all helped precious metals rally – as they often do when investors seek safe-haven investments en masse. Gold is up 20% year-to-date to roughly $1,530 per ounce, with silver prices advancing 13% year-to-date to the mid-$17 range. Kinross Gold is worth more than $6 billion, and shares trade for about 19 times forward earnings.
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