3 Cheap Stocks for Contrarian Investors
It's easy to jump on the bandwagon and invest in stocks that are performing well. However, being a contrarian investor can yield even stronger returns -- if you're right.
Contrarian investors buy shares of companies that the markets aren't optimistic about, to effectively bet that a turnaround will happen. That means contrarian stocks could be bargains, especially if the companies are able to bounce back and you snagged shares at a low price. Here are three stocks that are cheap and could appeal to investors who are interested in going against the grain.
Aurora Cannabis (NYSE: ACB) has lost 85% of its value over the past year as the S&P 500 index has risen 11%. The pot stock has underwhelmed and often disappointed investors. The most embarrassing blunder was undoubtedly when the company missed its own sales guidance back when it reported its fourth-quarter results in September. It's one thing to fall short of analyst expectations, but missing your own forecast doesn't inspire much confidence from investors.
Source Fool.com
