by Crista Huff
One slam-dunk way to locate undervalued stocks is to take a look at industries that got crushed by the economy, changes in the political and regulatory environments, stock market overvaluation or other harmful industry-specific events. All of those situations can harm stock prices for several years. You recall this happening among technology stocks in the late 1990s, then 10 years later, housing and financial stocks suffered similarly. More recently, energy stocks were harmed not only by a drastic drop in oil prices, but by a harsh regulatory environment and a political climate that was hostile to almost all traditional forms of energy production.
As an investor, all you really need to do is wait for the dust to settle. Eventually, opportunities will abound in the form of undervalued growth stocks. That’s why the energy sector is the number-one area where I’d put my money in 2017.
Read the rest of this stock recommendation at Cabot Wealth Network.
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