Three Stocks with a Good Potential of Gain Over the Year

Three Stocks with a Good Potential of Gain Over the Year

The stock markets are still in turmoil as the coronavirus pandemic continues, and businesses shut down around the globe. U.S. futures fell today. The S&P 500 dropped down by 5.18%, closing almost 30% below its recent record peak. The recent measures to help weaken the virus’ impact haven’t restored investors’ confidence so far.

However, there are stocks, which still seem a strong-buy to the experts. Especially now that the prices are down and shares are more obtainable. Here are three stocks, which the analysts recommend.

Masonite International

This company is a leading manufacturer and merchandiser of residential and commercial doors worldwide. Its founder, engineer, and inventor William H. Mason developed a better way to incorporate wood in building materials, engineering wood named Masonite.

The stock beat market performance in 2019, but it has tumbled down by 44% this year. Nevertheless, RBC’s analyst Michael Dahl thinks that the recent sell-off has created a better risk/ reward opportunity.

He named DOOR as a strong-buy stock. However, Dahl reduced his price target from $85 to $75 due to the coronavirus fears. Still, the potential gain for investors is 87%.

CrowdStrike Holdings Inc

Cybersecurity company began trading for $63.50 per share. It appeared on the market in June 2019. Presently the stock is selling for $39. Experts think that CrowdStrike is the type of disruptive growth asset with strong fundamentals to own.

RBC’s analyst Matthew Hedberg increased his price at $67 per share. If the target is met, shareholders will gain 76%.

Mercer International 

The company is a supplier of pulp is known as NBSK, northern bleached softwood kraft. Along with owning the small-cap, Mercer International lost 38% this year. However, RBC’s analyst Paul Quinn argues that Mercer’s NBSK mills are some of the highest quality in Europe and North America.

Quinn boosted his price target at $10, promising a 32% upside. Furthermore, the average price is $11.33, implying a possible addition of 49% over the next 12 months.

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