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Apple is losing $ 450 billion from the iPhone Woes record


The bottom is for these 3 stocks? Analysts say “Buy”

Markets are falling, but not collapsing. Investors remain worried about the coronavirus and Tuesday’s election remains in the air. Uncertainty rules the day, exacerbated by recent market losses. Wall Street, however, expects the bulls to start running again after next week̵

7;s results – who will win will be less important than having a result. Meanwhile, the downturn in the market and low stock prices give a prime time to buy – if you judge the bottom correctly. Do this, and the rest is just “buy low and sell high.” And to that end, Wall Street analysts point to stocks that may have bottomed out. Using the TipRanks database, we identified three such stocks. Each is declining significantly, but each also has a consensus rating for a strong buy and at least a 30% potential to increase in the coming months. Fury Gold Mines (FURY) Gold – the only asset of the precious metal – became popular in 2020. The coronavirus crisis and investors’ desire for a stable stock of value made it over $ 2,000 earlier this year, and an ounce of gold is still sells for over $ 1,800. For those who do not have this type of resource, however, buying shares in gold miners may be the next best thing. Fury Gold Mines is a small-cap mining company based in Toronto and focused on exploiting the vast resources of the Canadian north. With mines in British Columbia, northern Quebec and the northernmost territory of Nunavut, Fury has large gold reserves in both open-pit and underground mines. World gold production has fallen by 1% in the last 12 months, giving the first hint that we may be at the “top of gold” and prices will soon rise further. The company was formed earlier this year as a restructuring of Auryn Resources, which included a merger with Eastmain and the liquidation of Peruvian mines. The result is a company that is focused on Canadian development and is able to benefit from Canada’s stable work environment. Shares have fallen sharply recently when the new FURY ticker began trading, taking Auryn’s place in the market and preserving the trading history of the older company. The decline led to a 67% drop in Fury shares this month. Covering Cantor shares, analyst Matthew O’Keefe sees far ahead. The analyst noted: “Based on a combined resource equivalent to 3.9Moz gold, Fury traded $ 43 / oz against peers at $ 60 / oz. We expect this, as the new management makes its mark with new drilling results (towards the end of 2020 and in 2021) and demonstrates the progress of its projects, stocks need to increase. “But how much higher? O’Keefe’s $ 2.60 price target for FURY suggests a 126% upside potential next year and supports its Buy rating. (To watch O’Keefe’s record, click here) Wall Street on Fury is a strong buy based on Buy’s 4 ratings with no sales or retentions, selling for $ 1.13 and aiming for an average price of $ 3.37, suggesting there is room to nearly double over the next 12 (See FURY stock analysis for TipRanks) Star Bulk Carries (SBLK) Star Bulk Carries is then a Greek-based shipping company specializing in the dry bulk trade, the backbone of the global shipping industry.Star Bulk operates a fleet of 116 carriers , ranging in size from ~ 50,000 tonnes to giant bulk carriers Newcastlemax with over 200,000 tonnes.The trade disruptions caused by the crown were severe for the industry and SBLK was no exception.The shares fell 47% to the moment. However, the company’s financial results this year are in line with its historical model – in the first half of the calendar year there is a net loss, while in the second half there are net profits. Losses in 1H20 are normal for the SBLK model – and the outlook for Q3 is a return on net profits, with EPS projected at 30 cents. Covering this stock for Deutsche Bank, analyst Amit Mehrotra notes a number of related points: “[We] believe that the company’s net debt position should improve by about $ 50 million compared to 2Q levels, reflecting the generation of cash flows above> $ 40 million on debt repayment in 3Q. We also expect the company’s future unconditional income to fall below $ 11,000 a day … While we remain disappointed with the poor performance of SBLK’s shares in the context of the aforementioned improving fundamentals … we remain very comfortable that the intrinsic value of SBLK’s equity value is improving in the current environment … “Mehrotra summarizes his brief opinion of Star Bulk:” Overall, we are encouraged by the company’s main trajectory … “The analyst evaluates SBLK for a purchase, while its goal of 15 the dollar suggests a potential increase of 143% compared to current levels. (To view Mehrotra’s record, click here) With 3 recent buy reviews, SBLK has a unanimous rating for a strong buy by analyst consensus. The shares are currently trading at $ 6.18 and have an average price price of $ 12.09, making an annual growth of 96%. (See SBLK stock analysis for TipRanks) Heritage-Crystal Clean (HCCI) contamination is a problem nonetheless. We all want to live in a clean environment and we all need to take care of how modern industrial pollutants are disposed of. Heritage-Crystal Clean inhabits this cleaning niche, providing environmental cleaning services, including street cleaning services, technology for cleaning light industrial and mechanical parts, as well as a variety of waste recovery services, including oil recovery and disposal and petroleum products, antifreeze, and general industrial liquid waste. This is an important, often overlooked and vital niche in today’s technological society. After sinking into negative territory in Q2, HCCI reported stronger results for Q3. Revenue increased consistently from $ 74 million to $ 82 million, and EPS changed from 31 percent to 18 percent profit. Despite the positive results, both profits and earnings remained subdued compared to the previous quarter, and shares failed to regain traction after the decline last March. HCCI has fallen by 49% so far. Gary Sweeney of Roth Capital notes that “Revenues continue to recover as economic activity improves from COVID’s order shelter … The focus during the quarter was faster than expected margin recovery. While margins are still lower than last year’s pre-pandemic level of 25.7%, they are higher than the 2Q margin of (28.2%). The improvement is due to higher labor utilization and asset attraction, lower solvent costs and the internalization of waste disposal … ”Sweeney values ​​stock buying Its $ 21 price tag shows confidence in the solid 32% up for next year. (To watch Sweeney’s record, click here.) In the last three months, three other analysts have dropped their hats on HCCI. The three additional buy ratings give the stock a strong consensus rating for a strong buy. With an average price of $ 20.75, investors will take a 30% profit if the target is met in the next 12 months. (See HCCI stock analysis in TipRanks.) To find good ideas for battered stocks trading at attractive valuations, visit TipRanks Best Buy Shares, a newly created tool that brings together all insights into TipRanks ownership. Disclaimer: The views expressed in this article are those of the analysts submitted. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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