2 Stocks That Are Absurdly Cheap Right Now
Copper miner Freeport-McMoRan (NYSE: FCX) and GE Healthcare Technologies (NASDAQ: GEHC) are both compelling buys based on their current earnings and their growth potential. Here's why they are worth adding to a diversified portfolio.
The case for copper is based on a long-term marginal increase in demand from the "electrification of everything," a catch-all phrase to describe the increase in investment in clean and connected technologies that use electricity. This includes 5G infrastructure; industrial automation; smart buildings/infrastructure; electric transport, including trains and electric vehicles (and charging networks); and renewable energy, including transmission and distribution networks.
On the supply side, the increasing difficulty of obtaining mining permits due to environmental regulation implies restrictions on new supply.
Source Fool.com