7 Best Contrarian Stocks to Buy

For your weekend reading I once again submit this week's edition of U.S. News Invested in which they recommend seven of the best stocks that everyone else is selling and that therefore the contrarian approach is to buy against, one of Warren Buffett's major strategies -- pick quality companies that are currently down for the count and get them before the rest of the market figures how good they are.  Happy research and try to stay dry tomorrow.  

U.S. News Invested Advice, rankings and stock market news for investors. July 27, 2020

TODAY'S FEATURED STOCK STORY 7 Best Contrarian Stocks to Buy   Historically, investors tend to be most bullish at or near a market top and most bearish at or near a bottom. Rather than the highest-flying stocks, sometimes the best stocks to buy are the ones that everyone else is selling. Wall Street legend Warren Buffett once said wise investors are "fearful when others are greedy and greedy when others are fearful." Investors who want to follow Buffett's advice should be greedy in buying stocks that other investors are selling. Here are seven contrarian stocks to buy that are down at least 40% in the last year, according to Morningstar analysts: 1. Exxon Mobil Corp. (ticker: XOM). Shares of U.S. oil major Exxon Mobil hit their lowest levels in more than 15 years in March, but analyst Allen Good says the combination of Exxon's 8% dividend and its long-term free cash flow growth outlook make the stock a perfect contrarian choice. 2. Wells Fargo & Co. (WFC). Megabank Wells Fargo in the last few years has had a slew of problems, from its fraudulent account scandal in 2016 to its 2018 Federal Reserve-implemented asset cap. Analyst Eric Compton says Wells Fargo has significant upside for contrarian investors willing to ride out the bank's difficulties. Click here to continue. 7 Best Contrarian Stocks to Buy Exxon Mobil Corp. (XOM) Wells Fargo & Co. (WFC) Boeing Co. (BA) Raytheon Technologies Corp. (RTX) American International Group (AIG) EOG Resources (EOG) Simon Property Group (SPG)