Picking the wrong stocks can decimate your portfolio.
They’re pure portfolio poison.
But the right stocks…
If you pick the right stocks, you could find yourself jumping for joy on top of an enormous pile of cash.
With over 4000 tickers to choose from, finding the right at the right time can prove to be nearly impossible…
Unless you’re spending hours each day combing the markets and researching companies.
That’s why we’ve done the legwork for you.
We sort through thousands of stock ideas and whittle them down to a few top choices primed for solid price action in the coming days, weeks, and months.
This week, we’ve narrowed it down to three stocks that could be getting significant attention in the near future.
Warren Buffett is one of the most successful investors on Wall Street. The Berkshire Hathaway CEO is known for a long track record of market-beating returns. Considering his stellar performance, investors may want to take a page out of Buffett’s playbook and consider striking up a position in NVR.
On Monday, Berkshire Hathaway disclosed a new investment in the leading home builder. The investment was disclosed in a regulatory filing that detailed Berkshire’s U.S.-listed stock holdings, which comprise most of its $353.4 billion equity portfolio, as of June 30.
The Q2 stock purchase was made during a down period for homebuilders as rising interest and mortgage rates slowed demand. But Berkshire said those effects have been partially offset by new construction activity resulting from low inventory of existing homes for sale, an environment that could benefit homebuilders. Berkshire said that as of June 30, it owned about 11,112 NVR shares worth $70.6 million.
Despite recent challenges, NVR has a strategic edge for long-term growth. The company’s mature market focus and careful lot acquisition approach form a robust base for resilience and expansion. By sourcing finished lots through Lot Purchase Agreements (LPAs), NVR mitigates land ownership risks and development costs. This not only reduces market vulnerabilities but also enhances inventory turnover, bolstering returns. Beyond its established lot acquisition strategy, NVR is exploring alternatives, including joint ventures and direct land development, to capitalize on opportunities.
Perhaps Berkshire’s new stake is a bet that interest rates will fall and the home-buying frenzy will resume. The pros on Wall Street give NVR a median price target of $6160, implying around 10% upside over the coming months.
The spotlight has turned toward prominent Canadian energy transportation firm Enbridge due to its perceived undervaluation, evidenced by a 13.68% dip over the past year against a consensus price target that indicates plenty of room for growth.
Enbridge holds a significant position as a blue-chip dividend stock, boasting a substantial 7.2% yield. Notably, Enbridge is dedicated to delivering value to its shareholders, having accumulated savings of $1.2 billion since 2017. With a BBB+ credit rating, the company assures stability within the dynamic energy sector. Moreover, Enbridge’s historical resilience and strategic approach to debt utilization for capital investments contribute to its overall stability. The company’s strategic emphasis on natural gas aligns well with the evolving energy landscape, making it a potentially promising avenue for investors seeking to enhance their investment foundation.
Enbridge’s distinction among oil stocks stems from its expansive North American pipeline network. While recent stock fluctuations have occurred, the company’s fundamental role in energy infrastructure, coupled with a moderate buy consensus, hints at an appealing 18% upside potential for investors considering this opportunity.
General Motors (GM)
Amidst the challenges faced by the auto industry, astute investors might find hidden, long-term gems among cheap stocks. General Motors boasts a portfolio of iconic car brands, ranging from Chevrolet to Cadillac. However, macroeconomic headwinds and the rising momentum of electric vehicles (EVs) have somewhat dimmed the company’s appeal.
Yet, GM could prove to be a surprise contender in the EV race. With a goal to offer exclusively EVs by 2035, it has emerged as the second-largest EV provider in the US. Although the company carries significant debts, its growth ambitions and strong free cash flow position provide hope for a positive outcome.
GM also presents a contrarian play within the automaker landscape. While many investors anticipate a global economic slowdown that might deter consumers from big purchases like new cars, there are contrasting views suggesting a softer-than-expected landing. Such an outcome could uplift auto stocks, including GM, presenting an opportunity for discerning investors.
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