3 High-Risk, High-Reward Stocks to Add to Your Watchlist
In his recent investor memo, famous value investor Howard Marks said, "All great investments begin in discomfort, since the things everyone likes and feels good about are unlikely to be in the bargain counter."
While the overall stock market has bounced back surprisingly strongly from the outbreak of COVID-19 around the world, many stocks in hard-hit sectors remain far, far below their prior highs. Actually, many such stocks are down by 50% or more, whereas many technology companies that benefit from the stay-at-home economy have nearly fully recovered, or have even gone higher, shockingly, than before the outbreak hit.
Certainly, there's a high degree of risk surrounding anything related to travel, or to any sector in economically sensitive parts of the market, such as automobiles and other big-ticket items. But at such discounted prices, investors could reap massive gains if the economy opens up more and more through the end of the year.
Source Fool.com
