These low-tech stocks are about to go through the roof

Through The Roof

Despite a recent hiccup, the stock market is doing quite well right now, with the S&P 500 having risen from its February / April triple-bottom around 2,580 to within striking distance of its all-time high of 2,872. Gains in the tech sector have continued, and although some of the once invulnerable FANG stocks, notably Facebook (FB) and Netflix, have run into trouble, Amazon.com (AMZN) continues its ascent, joined by non-FANG tech giants Microsoft (MSFT) and Apple (AAPL). Chipmaker stocks have also been doing their part to help the rally, and that’s encouraging, because in past cycles, a wave of rising semiconductor stocks has often preceded a wave of rising software stocks.

Of course, contrarian investors will not have failed to realize that with tech stocks soaring and everyone keen to climb aboard, the real bargains in the market today are likely to be found elsewhere. Today, I’ll be presenting five stocks that look like great bargains to me, considering, of course, their future earnings prospects and risk/reward ratios, and while they don’t all necessarily qualify as “old-economy,” they are all far removed from Silicon Valley and its lucrative but depressing cycle self-cannibalism.

Remember to treat these ideas as just that, ideas, and do your own research before making any investment decision.

Symbols: GPI LAMR LH MKC UFI
Julian Close

Julian Close

Julian Close became a stockbroker in 1995. In his 20 years of market experience, he has seen all market conditions and written about every aspect of investing. Julian has also written extensively on corporate best practices and even written reports for the United Nations. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC.

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