My Spotlight Is On These Five Stocks
Jan 28 2021
My spotlight is on these 5 stocks
Last Saturday I shone the spotlight on the five big winners and losers of the past week of trading. Today I thought I’d see what the expert analysts think about these winning companies. After big rises for the likes of Zip and Lynas, you could expect a bit of profit-taking this week (fund managers do that) but let’s see if there could be a positive trend for these stocks going forward.
1. Zip Co ((ZIP))
Until last week, the analysts surveyed on FNArena thought Zip Co’s outlook was positive. Two weeks ago with my first story of the year, I pointed out that Zip had a [consensus price target suggesting] 21.2% upside so the analysts I looked at were on the money, and more!
Is Beijing creating buying opportunities for stocks?
In the world of investing it often pays to be a contrarian. With China currently using tariffs on specific industry exporters, such as producers of lobsters, wheat, barley and beef, the question is: will these Beijing bans create money-making stock playing opportunities?
Let’s face it, the best time to buy stocks this year was when the world was panicking about the Coronavirus, the associated closure of economies and the looming recession.
BHP dropped to $26. It’s now $42. If you believed in our best miner, you could’ve made 61.5%. If you’d thought Afterpay was a future winner and bought 50 of them at $10, you would’ve turned $500 into $5,000!