2 Stocks That Are Absurdly Cheap Right Now
Copper miner Freeport-McMoRan (NYSE: FCX) and GE Healthcare Technologies (NASDAQ: GEHC) are both compelling buys based on their current earnings and their growth potential. Here's why they are worth adding to a diversified portfolio.
The case for copper is based on a long-term marginal increase in demand from the "electrification of everything," a catch-all phrase to describe the increase in investment in clean and connected technologies that use electricity. This includes 5G infrastructure; industrial automation; smart buildings/infrastructure; electric transport, including trains and electric vehicles (and charging networks); and renewable energy, including transmission and distribution networks.
On the supply side, the increasing difficulty of obtaining mining permits due to environmental regulation implies restrictions on new supply.
Source Fool.com
Freeport-McMoRan Inc. Stock
The stock is an absolute favorite of our community with 73 Buy predictions and no Sell predictions.
As a result the target price of 61 € shows a slightly positive potential of 12.32% compared to the current price of 54.31 € for Freeport-McMoRan Inc..
