The Top 3 Contrarian Stocks to Buy Right Now

Biogen (NASDAQ: BIIB), Fastly (NYSE: FSLY), and Gamestop (NYSE: GME) are three stocks that have been largely shunned by the investment world due to significant woes in their operations. After all, nobody wants to buy run-down businesses now that the major stock indices are making new all-time highs. For those who are willing to look beneath the surface, however, there is much more than meets the eye for these stocks.

Warren Buffett once famously said: "Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well." Indeed, beaten-down stocks that nobody seems to like can become so oversold that one can buy them for next to nothing. These stocks usually explode to the upside at the slightest of positive developments. Today, let's look at why the three stocks mentioned above are strong buys for the brave investor.

Image source: Getty Images.

Source Fool.com