Top Cheap Stocks To Watch For 2018

Want to know the secret to making a fortune from real estate?   Buy right.   It's not actually a secret. Almost any good book on the subject will tell you that. The problem is 90%-plus of those who invest in real estate have no idea what "buying right" means.   To many people, it means buying property when real estate prices are going up. That, as a practice, sometimes works. But as a strategy for getting wealthy safely? It is a very, very bad one.   The first property I invested in seemed very "cheap" when I bought it back in the late 1970s. It was a nice little Washington, D.C. apartment in a refurbished building. The landlady convinced me to buy it by showing me how much prices had been escalating.   She told me that if I bought this unit "now," I'd stand to make a lot of money as it appreciated. To make it even easier, she got me a loan from some bank that required nothing down besides a few thousand dollars in closing costs.

Top Cheap Stocks To Watch For 2018: CarMax Inc(KMX)

Advisors’ Opinion:

  • [By Ben Levisohn]

    CarMax (KMX) soared to the top of the S&P 500 today after the used car retailer beat third-quarter earnings forecasts.

    Getty Images

    CarMaxgained 6.1% to $66.16 today, while the S&P 500 rose 0.4% to 2,270.76.

    As my colleague Johanna Bennett noted earlier today:

    The nations largest used vehicle retailer said that it earned 72 cents a share in the quarter, a penny ahead of analysts estimates. Revenue rose 4.4% year over year to $3.7 billion, just shy of the $3.75 billion consensus estimate.

    CarMax’s market capitalization rose to $12.6 billion today from $11.9 billion yesterday. It reported net income of $623 million on sales of $15.2 billion in fiscal 2016.

  • [By Ben Levisohn]

    Yesterday, I dubbed the selloff in auto stocks “car-pocalypse now,” as shares of everything car related tumbled following disappointing auto sales. Shares of General Motors (GM) and Ford Motor (F)? Check. Auto-part makers like BorgWarner (BWA)? Check. Used-car sellers like AutoNation (AN) and CarMax (KMX)? Check. Auto-part retailers like O’Reilly Automotive (ORLY) and AutoZone (AZO)? Oh yeah. So is it time to panic?

  • [By Lisa Levin]

    CarMax, Inc (NYSE: KMX) reported better-than-expected earnings for its fourth quarter.

    CarMax reported Q4 earnings of $0.81 per share on revenue of $4.05 billion. Analysts expected earnings of $0.79 per share on revenue of $3.93 billion.

  • [By Ben Levisohn]

    CarMax (KMX) gained 2.4% to $58 after beating earnings and sales forecasts.

    Constellation Brands (STZ) has rallied 4.7% to $169 after beating earnings forecasts and offering optimistic guidance.

Top Cheap Stocks To Watch For 2018: Macy's Inc(M)

Advisors’ Opinion:

  • [By Ben Levisohn]

    Under the backdrop of unprecedented change in consumer shopping behavior we have performed a detailed analysis of the relative long-term competitive position across our broadlines universe. We upgrade Burlington Storesand Nordstromto Outperform. We downgrade J.C. Penney and Kohl’sto Underperform. We view Macy’s (M) and Urban Outfitters’ (URBN) long-term strategy favorably, but believe traffic weakness and elevated investments will continue to hamper returns over the next 12-24 months.

  • [By Micheal Brown]

     The stock price of Macy’s Inc (M) has risen up by over 2.15% today till the late morning trading session. Since the beginning of this week, the stock price of Macy’s has gone down by over 1% but is on the rise now. The stock closed at $36.56 on Tuesday.

    The Ohio based company is an American holding company. It is the owner of department store chains Macy’s and Bloomingdale’s, which specialize in the sales of clothing, footwear, accessories, bedding, furniture, jewelry, beauty products, and house wares; and Bluemercury, a chain of luxury beauty products stores and spas. As of July 26, 2015, the company operated approximately 885 stores in the United States, Guam, and Puerto Rico; its namesake locations and related operations account for 90 percent of its revenue. According to Deloitte, Macy’s, Inc. is the world’s largest fashion goods retailer and the 36th largest retailer overall, based on the company’s reported 2010 retail sales revenue of $25 billion (equivalent to $27.1 billion in 2016).

  • [By Adam Levine-Weinberg]

    After spending huge sums of money on share repurchases in recent years, Macy’s (NYSE:M) has indicated that it will focus on reducing its debt in 2017.

Top Cheap Stocks To Watch For 2018: iShares US Regional Banks (IAT)

Advisors’ Opinion:

  • [By Keith Fitz-Gerald]

    If you’re not comfortable with a single stock, I understand. In that case, consider a regional banking ETF like iShares U.S. Regional Banks ETF (NYSEArca:IAT), which holds positions in 54 regional banks around the country. You won’t get quite the pop of an individual acquisition but, chances are, you won’t lose out either.

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