INTC is a cheap stock due to its price-earnings multiple. And as the advent of 5G makes more advanced applications possible, Intel will benefit even more from these trends. That, along with the company’s Internet of Things (IoT) products, should help INTC stock rise.
#Stocks that are expected to skyrocket Pc
As a result, its Data Center group appears poised to overtake its PC Client group in size over the next few years.ĭue to Intel’s purchase of Mobileye, INTC has become a leader in the autonomous-vehicle market. The company has invested heavily in data-center technology. However, INTC looks ready to again become one of the best stocks to buy in tech. The high turnover of its top management, as well as security-related issues, also weighed on Intel stock. However, INTC stock continued to languish.
Intel’s PC-era peers such as Microsoft (NASDAQ: MSFT), Nvidia (NASDAQ: NVDA), and even AMD (NASDAQ: AMD) built new business lines and resumed growing. Once the world’s largest chip maker, Intel stagnated as consumers increasingly turned away from PCs. Here’s Why New CEO Bob Swan Is Perfect for Intel Stockįew PC-era stocks have suffered as much as Intel (NASDAQ: INTC) has. As CannTrust moves into other developed countries and possibly the U.S., a revived interest in cannabis should enable its valuation to catch up with that of its peers. On average, analysts predict that its profits will increase by almost 155% this year, making CNTTF a very cheap stock, despite its forward price-earnings ratio of nearly 30. market, it still can benefit from overseas expansion.įurthermore, even though CannTrust’s valuation is lower than that of its major peers, its growth should remain strong for the foreseeable future.
Consequently, even if the company fails to meaningfully penetrate the U.S. It has also entered the Asia-Pacific market, through a partnership with Australia-based Cannatrek. CannTrust sent its first shipment of cannabis oil to Denmark in the third quarter of 2018. The company’s focus on pharma also provides the stock with another potential catalyst. Secondly, although cannabis remains on the list of Schedule 1 drugs in the U.S., the recent legislation that legalized hemp should give all Canadian marijuana firms a foothold in the U.S. Joining the Big Board should open up CNTTF stock to a new class of investors. For one, it has applied for a listing on the New York Stock Exchange. However, CannTrust is poised to benefit from many trends. In an environment in which an industry leader, Canopy Growth (NYSE: CGC), trades at 100 times its sales, CNTTF is a screaming bargain and one of the best stocks in the market.Ĭanadian marijuana stocks have suffered from a “sell the news” phenomenon since the companies’ principal product became fully legal in their home market. Unlike most cannabis companies, CannTrust is already profitable, and CNTTF stock has a forward price-earnings ratio of about 57. Among these headwinds were the declining results of its investment banking unit, the negative market environment and fears of an inverted yield curve.Īlthough it’s not among the more inexpensive stocks in the S&P 500, Canadian cannabis company CannTrust (OTCMKTS: CNTTF) makes the cheap stocks list because it’s inexpensive compared to its peers in the marijuana industry. The stock fell in 2018 amid a number of headwinds. Moreover, according to the consensus estimate, BAC’s average annual profit increase over the next five years will be around 20.7%. Wall Street analysts on average expect the bank’s profits to rise about 121% this year. The multiple is well below the stock’s five-year average of about 19.Īlso, companies whose stocks have single-digit PEs rarely generate double-digit profit increases, but BAC is in that category. However, the forward price-earnings ratio of about nine is what really makes BAC one of the best stocks. Today, it returns 60 cents per share of dividends to its shareholders each year, yielding about 2.1%.
Moreover, it resumed annual increases of its dividend in 2014. BAC has come a long way since it fell to $2.50 per share at the height of the crisis. More than ten years after the financial crisis, Bank of America (NYSE: BAC) is again on a list of cheap stocks. Source: Mike Mozart via Flickr Bank of America (BAC) 3 Reasons You Should Buy Bank of America Corp (BAC) Stock Right Now!
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