#8 - Barrick Gold Corporation (NYSE:ABX)
Barrick Gold Corporation (NYSE: ABX) - Barrick Gold has been on quite a run lately. While many stocks have been crushed by this market selloff, ABX shares have grown, and quite nicely. In October alone, the stock rose 12.5%. When you factor in that it pays a dividend, albeit not a very impressive one at 1% yield, and there is uncertainty surrounding the overall economy, now may be a perfect time to invest in this stock. Of the 22 analysts that cover ABX, 4 have rated it as either BUY or OUTPERFORM, 16 have rated it as a HOLD, and most telling none have rated it as a SELL. While that may not be a ringing endorsement, it does suggest that the market may be open to the right precious metals stocks. Gold historically performs well in times of geopolitical uncertainty. From Europe to the Middle East, not to mention the ongoing trade dispute with China, tensions seem to be rising up. The U.S. government shutdown and the uncertainty regarding the long-term U.S. monetary policy give gold an ideal backdrop for success. Investing in precious metals can be risky, but it can also be an effective hedge for your portfolio while the market struggles to find a clear direction.
About
- Current Price
- 0.00
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
The market correction of 2018 touches every sector of the market. Fear and the desire to seek safety on the sidelines is a natural reaction. But a fundamental truth of the market is that the market does rebound from corrections. Sometimes it takes a while, but the cycle does reverse. And savvy investors know that corrections, and even bear markets, provide ideal opportunities to purchase stocks of great companies at bargain prices.
This time is no different. You have to know where to look. Fortunately, you don’t have to look far. The stocks we’ve included in this report represent some of the top picks from different sectors.
Now is not the time to panic. These companies are just a few of the many attractively priced businesses that represent a buy and hold opportunity as we move into 2019. And as you’re moving into 2019, you should consider becoming a subscriber to MarketBeat All Access which gives you access to our full suite of web-based research tools and proprietary reports for just $39.99 a month.
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