Young Investors: 3 Stocks at New 52-Week Lows to Make Your First 6 Figures

Hunting for a bargain? This group of beaten-down stocks, including BlackBerry Ltd (TSX:BB)(NYSE:BB), might provide the value you’re looking for.

| More on:

Image source: Getty Images

Hi there, Fools. I’m back to call attention to three stocks trading at new 52-week lows. Why? Because the big gains in the stock market are made by buying attractive companies

  • during times of severe market anxiety; and
  • when they’re available at a clear discount to intrinsic value.

As legendary value investor Warren Buffett once quipped, “Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.” And there’s no better place to buy bargain stocks than in a TFSA account, where all of the upside is tax free.

Let’s get to it.

Spoiled berry

Leading off our list is communications technologist BlackBerry (TSX:BB)(NYSE:BB), which is down 31% over the past year and trading near 52-week lows of $6.60 per share.

Uncertainty over the company’s long-term turnaround plans continues to weigh heavily on the stock, but aggressive value hounds might want to pounce. In the most recent quarter, EPS topped estimates by $0.01 as revenue jumped 23%, suggesting that fundamentals remain healthy.

Management also reaffirmed its full-year 2020 view of 23-27% revenue growth and double-digit billings growth.

“We are ahead of our schedule in our Cylance integration, while investing in the right opportunities to drive long-term growth and profitability for BlackBerry,” said Chairman and CEO John Chen.

BlackBerry shares are down 27% over the past three months.

Imperial opportunity

Next up, we have energy giant Imperial Oil (TSX:IMO)(NYSE:IMO), whose shares are down 23% over the past year and trading near 52-week lows of $32.44 per share.

Weak production and slumping oil prices have pressured the stock over the past year, but now might be an opportune time to pounce. In the most recent quarter, Imperial’s EPS of $1.57 topped estimates by $0.82 while revenue also beat expectations.

Management even returned $515 million to shareholders in the form of dividends and share repurchases.

“Given overall financial and operational performance in the first half, and with several of the year’s planned upstream and downstream turnarounds completed, Imperial remains on track to deliver on our commitments for 2019,” said CEO Rich Kruger.

Imperial is down 14% over the past three months.

Hasta la Vista?

Rounding out our list is oil and gas producer NuVista Energy (TSX:NVA), which is down a whopping 74% over the past year and trading at 52-week lows of $2.05 per share.

The stock has been walloped on concerns over its big debt load amid low oil prices, and the pain doesn’t seem to be letting up. Shares fell 13.5% yesterday after NuVista’s EPS missed expectations yet again.

On the bullish side, management remains confident in its long-term plan, giving patient investors something to think about.

“[W]e are pleased to have strong well economics leading to a funded three year plan which delivers clear line of sight to material free funds flow and provides us flexibility to adapt as the market changes,” wrote the company.

NuVista is down 39% over the past three months.

The bottom line

There you have it, Fools: three ice-cold stocks hitting new 52-week lows.

As always, don’t see them as formal recommendations. Instead, view them as a starting point for more research. Trying to catch a falling knife can be hazardous to your wealth, so plenty of homework is still required.

Fool on.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Brian Pacampara owns no position in any of the companies mentioned. The Motley Fool owns shares of BlackBerry and BlackBerry. BlackBerry is a recommendation of Stock Advisor Canada.

More on Tech Stocks

Concept of big data flow, analysis, and visualizing complex information for artificial intelligence
Tech Stocks

Attention, TFSA Investors: These 2 AI Stocks Look Dirt-Cheap

Constellation Software (TSX:CSU) and another AI stock are looking way too cheap to ignore any longer.

Read more »

A chip in a circuit board says "AI"
Tech Stocks

3 Canadian Tech Companies Ready to Ride the AI Train

Some business models and technologies are naturally more receptive to AI transformation than others and, consequently, are ready for AI-fueled…

Read more »

Circuit board with a microchips
Tech Stocks

3 Promising AI Stocks That Are Cheaper Than Nvidia

Nvidia is positioned to outpace the broader markets in the future. But these three AI stocks may have higher upside…

Read more »

Young woman sat at laptop by a window
Tech Stocks

Could Docebo Stock Reach $200?

Down 55% from all-time highs, Docebo stock trades at a discount to consensus price target estimates in 2024.

Read more »

potted green plant grows up in arrow shape
Tech Stocks

2 Stocks Under $50 That Could Double Your Money in 5 Years

Growth stocks can help you double your money in the next five years. And you don’t need hundreds of dollars…

Read more »

A bull and bear face off.
Tech Stocks

Bull Market Buys: 1 Top Tech Stock to Own Right Now

Down 40% from all-time highs, Datadog stock trades at a discount to consensus price target estimates in 2024.

Read more »

Money growing in soil , Business success concept.
Tech Stocks

The Smartest TSX Growth Stocks to Buy in July 2024

If you are looking for some smart growth stocks, here are four to look at right now.

Read more »

Man data analyze
Tech Stocks

Is Shopify Stock’s Growth Sustainable?

There's a reason Shopify stock (TSX:SHOP) has been getting analyst upgrades, and investors should be paying attention.

Read more »