3 beaten-down Warren Buffett stocks poised to pop in 2022, if you’re looking for bargains amid all-time highs
January can be a confusing time for investors.
As the planet starts its new spin around the sun, and while many of us are still searching for signs of market logic in the past 12 months, it’s also time to put together an investment strategy for the new year.
That’s not easy to do when every expert with a prediction for 2022 is encouraging you to try something different with your money.
One reliable source of guidance could be the $350 billion public stock portfolio managed by Berkshire Hathaway. Warren Buffett, the conglomerate’s leader for more than 50 years, is not exactly known for picking stinkers.
But not every stock in the Berkshire portfolio has peaked. There are several that are attractively priced and loaded with upside.
Let’s look at three of them now. You might even be able to get a piece of them with nothing more than a few spare pennies.
Verizon’s stock has been pretty much a wash over the last five years. It’s only up 3.5% over that span. And a slow, steady decline since May has its share price sitting only slightly higher than when the market hit the skids in March of 2020.
That’s despite Verizon’s last three financial quarters showing growth in revenue and earnings.
Total consolidated operating revenue in Q3 2021 was just shy of $33 billion, a 4.3% year-over-year increase.
Verizon is betting big on 5G, the next evolution in wireless communication.
The company says it plans to invest an additional $10 billion in its networks between 2021 and 2024 so it can offer in-home broadband services — at speeds of up to 1GB per second — to up to 50 million U.S. homes. That translates to around 41% of the entire U.S.
Currently, the stock sports a paltry forward P/E of 9 and offers a juicy dividend yield of 4.9%.
Shares in cloud-based e-commerce technology firm StoneCo have been hemorrhaging value for several months now. StoneCo has sunk just shy of 80% over the past…