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Every once in a while the market misprices a stock, investors panic sell out of a company or everyone gets on one side of a trade. That opens up short-term opportunities for investors able to see through the noise and chaos. o I’ve found five short-term investments you can make right now for double- and even triple-digit returns in less than a few months!
First, besides a market mispricing…there has to be a catalyst that can send the stock higher. Nation, even if you believe a stock is a great value, even if it’s fallen to a level that seems like a no-brainer, stock momentum will continue to take it in that direction until a catalyst, an event shocks investors out of the trend. That’s why I’m looking for some kind of catalyst with these whether it’s an earnings report or some expected news.
I also want to see a trend or industry tailwinds that could propel the investment higher. A cheap stock is one thing but a cheap stock with bigger picture forces behind it can take off like a rocket.
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through dividend stocks, investing and ways to make more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.