The last year has been chaotic for a lot of reasons but the major havoc was inflicted on the economy of almost all countries due to the pandemic. As the pandemic confined all of us to be within our houses, thus we began to highly depend on technology. This sudden increase in technological dependency in turn not only impacted our daily office routines but also increased the stocks of such technological companies. As not only the economy was hit badly but the hospitals were also in a dire situation as some non-emergency procedures were put on hold in order to free up resources for the COVID afflicted masses. Thus the healthcare stocks didn’t see a substantial rise during the pandemic.
What Are Undervalued Stocks?
Undervalued stocks are companies that are trading their stocks at a significantly lower amount than their true worth. In the world of stocks if the investors are predators then these undervalued stocks are the most valuable preys that they can feed off a whole lot. When these stocks are undervalued they are pounced upon by investors, but these investors take many factors into account before investing in an undervalued stock. The undervalued stocks can be considered very flippant in its very nature as unlike dividend or growth stocks that tend to maintain their value, undervalued stocks may rise in value or sink back again.
Top 10 Undervalued Stocks In 2021
Many company’s who currently hold undervalued tags on their stocks have showed at the least a considerable amount of immunity to the COVID affected market. Though valued stocks would most likely fair much better in the market, but buying undervalued stocks does reduce the risk as well as gives the investor a certain edge over the market. To find out whether a stock is overvalued or undervalued we need to first find out the true value of the stock and the current market value and then compare. These are some of the Undervalued stocks which are projected to increase in the year 2021;
Here are our top 10
- Bristol-Myers Squibb (BMY)
- AbbVie (ABBV)
- MPLX (MPLX)
- Enterprise Products (EPD)
- Prudential Financial (PRU)
- Citigroup (C)
- Simon Property Group (SGP)
- W.P. Carey (WPC)
- AT&T (T)
- Intel (INTC)
Stay Tuned with Global Coverage for More Updates.
