InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.
Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article. On the date of publication, Louis Navellier had a long position in HIMX and UMC. With shares now trading around the $12.70 level - less than a third of their early February high - this is a great option among cheap stocks. I consider the wallop WKHS stock took in February to be a buying opportunity. From 129,000 units delivered in 2020, commercial EV sales are projected to hit over 2 million units by 2028. In addition, the global market for electric delivery vehicles is set to explode. That’s good news for Ohio-based Workhorse Group. Thanks to President Joe Biden’s “ Made In America” executive order, that fleet is going to be replaced by American-made EVs. The USPS loss was a big one, but there are plenty of other big contracts coming up.įor example, the federal government operates a fleet of 645,000 vehicles. However, as I’ve written previously, Workhorse Group’s loss is your gain. The loss sent investors running for the exits. WKHS stock plummeted 47% in a single day after the maker of commercial EV delivery vans lost out on a lucrative contract to replace the U.S. You may have seen Workhorse Group in the headlines lately, and not in a good way. That trend is going to benefit National Energy Services Reunited for years to come.Ĭurrently trading just around the $12 level, NESR stock has gained 144% over the past 12 months. In the meantime, producers will be avoiding the expense of developing new oil and gas fields, instead using technology to extract everything possible out of existing developments. Zero-emissions electric and hydrogen energy may be the future, but the use of fossil fuels isn’t going to end tomorrow. It provides a wide range of production services to help the fossil fuel producers get the most out of their wells. Instead, NESR works with various oil and gas producers in the Middle East, Africa and Asia Pacific regions. However, this is not an oil production company. True, National Energy Services Reunited is deeply involved in the fossil fuel industry.
So what is NESR stock doing on this list?
Just because it’s a cheap stock doesn’t have to mean it is risky or lacking in growth potential.įossil fuel stocks are becoming cheap, but they are far more likely to be on a “ stocks to sell” list these days than a recommendation list. Making these choice even more compelling is that fact that each earns an ‘A’ rating in Portfolio Grader. United Microelectronics Corp (NYSE: UMC).National Energy Services Reunited Corp (NASDAQ: NESR).Companhia Siderurgica Nacional (NYSE: SID).They cover a diverse range of industries from tech to mining, so there’s something here for everyone. I’ve put together a list of seven cheap stocks that are well worth considering for your portfolio. It also protects you from a catastrophic loss should one of those expensive stocks suddenly drop in value. Instead of spending everything on one or two shares of a tech giant or an electric car company, you can take that same amount of cash and diversify.ĭoing so makes investing more interesting. Not everyone has a huge investment account and cheap stocks let you spread your money around. Cheap stocks are always popular and with good reason.
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