Investment specialists expose: Top 8 counter-cyclical shares to surpass market fluctuations presently
Ready to crush the market in January? Scroll down for Oppenheimer's top contrarian picks for the materials sector.
Prone to slumps in January due to the infamous "January effect," momentum strategies can fall flat during this period. But fear not, dear investor! According to Oppenheimer analysts, focusing on underappreciated stocks from the previous year could help you beat the market. Let's dive into their recommended stocks:
8 Stocks to Shake Up Your Portfolio Now
After meticulous analysis, Oppenheimer found the materials sector to be particularly interesting, given its abysmal performance in December (-1.8%). Here are the stocks they suggest you grab:
Agnico Eagle Mines - P/E: 20.3
CRH - P/E: 16.8
Carpenter Technology - P/E: 26.6
Gatos Silver - P/E: 29.9
Kinross Gold - P/E: 14.3
Louisiana-Pacific - P/E: 18.3
Packaging Corporation of America - P/E: 25.1
Sylvamo - P/E: 10.5
Ari Wald, Oppenheimer's head of technical analysis, shared his thoughts on the selection: "These stocks not only fit our bottom-up discipline but should also be on solid ground if the sector experiences an oversold rally that buckles its long-term downtrend."
Embrace Commodities and Stable Sectors
For investors yearning to dive into commodities and stable sectors, check out the BÖRSE ONLINE Stabile Werte Index.
Further Reading:
Expert Advises: "MSCI World ETF? Avoid it! Here's where I'd invest instead"
Expert Warns: "Brace yourself, it's going to be a tough stock market year. These stocks are what you need!"
Conflict of Interest Note: The securities' price is derived from an index used as the underlying. Boersenmedien AG has developed this index and owns its rights. Boersenmedien AG has entered into a cooperation agreement with the securities' issuer, granting the issuer a license to use the index. In this arrangement, Boersenmedien AG receives compensation from the issuer.
Investing in the finance sector, specifically the stock-market, could potentially yield profits in January, despite the historical "January effect." According to Oppenheimer analysts, focusing on undervalued stocks like Agnico Eagle Mines, CRH, Carpenter Technology, Gatos Silver, Kinross Gold, Louisiana-Pacific, Packaging Corporation of America, and Sylvamo from the materials sector could help beat the market.
