Last year, cryptocurrencies burst onto the scene like no other asset class ever has. Over the span of 12 months, the aggregate value of digital currencies soared almost $600 billion, which in percentage terms worked out to more than 3,300%. This was probably the best single-year return for any asset class in history, and we may never see anything like it again.
However, not everyone who’s made money off the cryptocurrency craze has done so as a traditional investor. Some individuals and businesses have made veritable fortunes by "mining" cryptocurrency.
Top 10 Low Price Stocks To Buy For 2019: B2Gold Corp(BTG)
Canadian-based gold miner B2Gold (NYSEAMERICAN:BTG) gets no respect. The $2.67 share price does a lot to mask the company’s strength. Here’s why B2Gold deserves more attention.
Given its large share count, B2 has $2.6 billion market cap. That figure could go a lot higher in coming quarters. The company, unlike many sub-$3 gold stocks, is highly diversified. The company has more than half a dozen mines and development projects, spanning the globe from The Philippines to Colombia, Nicaragua and three African nations.
A major new mine opening this year will take B2’s gold production up by almost 50% while lowering their average cost per ounce nicely. Next year, B2Gold should hit 1 million ounces of annual production, elevating it into a pretty small group of mining companies to reach that size.
For now, BTG stock is still trading quietly. That’s probably due to gold, which has been trading flat around $1,300 per ounce for quite awhile now. However, with the risk in geopolitical tensions and a likely upcoming pullback in the dollar, gold prices, and thus BTG stock could start to move in a hurry. Analysts see B2’s earnings tripling this year, which, combined with favorable gold price movements, could send the stock flying.
Top 10 Low Price Stocks To Buy For 2019: Chico's FAS, Inc.(CHS)
Women’s apparel retailer Chico’s FAS, Inc. (NYSE:CHS) is trading near its highest levels in about eleven months – but there’s still more potential upside here. The company is coming off a strong fourth quarter report that sent CHS stock up about 16%. Full-year fiscal 2017 (ending January 2018) results were solid, with earnings rising year-over-year even excluding a one-time benefit from tax reform.
And FY18 looks solid as well. Chico’s is guiding for a modest decline in same-store sales – but that will be more than offset by gross margin improvement. There’s room for a turnaround in the company’s White House Black Market unit. Chico’s now sells on Amazon.com, Inc.(NASDAQ:AMZN) as well, offering another driver for the company’s ‘omnichannel’ growth strategy. And a 3.2% dividend, along with $1.25 per share in net cash, gives investors, and the company, a reason to be patient as business improves.
With CHS trading at under 11x FY18 consensus EPS, even stable performance is good enough to keep the dividend growing (Chico’s has raised the payout every year since initiating the dividend in 2010) and to grind out some capital appreciation as well.
In particular, investors who believe the recent rebound in retail stocks isn’t over should take a long look at CHS.
Top 10 Low Price Stocks To Buy For 2019: Aratana Therapeutics, Inc.(PETX)
Our next choice is Aratana Therapeutics Inc (NASDAQ:PETX). The stock has an Earnings ESP of +37.14% and is a #3 Ranked player.
The consensus mark for first-quarter loss stands at 18 cents per share. Based in Kansas, Aratana has an outstanding earnings history with consecutive estimate beats in the trailing four quarters, the average being 11.74%.
Top 10 Low Price Stocks To Buy For 2019: Fossil Inc.(FOSL)
The death of the traditional watch category at the hands of smartwatches led to an epic demise in shares of traditional watch king Fossil Group Inc (NASDAQ:FOSL).
FOSL stock tumbled from $130 to below $10 in just a few years.
But the turnaround in FOSL stock got started last quarter when the company reported much better than expected holiday numbers. The reason for the beat? Acceleration in the company’s smartwatch business.
As it turns out, not everyone who wants a smartwatch is buying an Apple Watch. A lot of traditional watch enthusiasts and potential smartwatch buyers are intrigued by the idea of a smartwatch, but don’t want to compromise on style. They want a fashionable watch which doesn’t look like a geek toy, but also has the functionality of a geek toy.
Fossil is succeeding in this era of the market called the hybrid smartwatch. It is the overlap of traditional watch style and smartwatch functionality where fashion and technology converge to create a smartwatch that looks good.
Fossil is in the early stages of its turnaround. The hybrid smartwatch market is still in the early adopter phase, but once mainstream adoption hits, Fossil could once again become watch royalty.
Meanwhile, FOSL stock is dirt cheap. This company used to earn around $7 in earnings per share. The stock trades at $14. Granted, a huge chunk of sales are gone since the heyday and margins have been decimated. But if the hybrid smartwatch business ramps as expected, then $2 to $3 in earnings per share power isn’t out of the question.
A market-average 16-times multiple on that gets you to a $40 stock. Again, FOSL stock currently trades at just $14
Top 10 Low Price Stocks To Buy For 2019: Northern Oil and Gas, Inc.(NOG)
Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) shares are rising up and out of a massive wedge pattern going back to January, rising up and over its 50-day moving average this week. Watch for a return to the January highs near $3, which would be worth a gain of more than 40% from current levels.
The stock was initiated with a “buy” rating by analysts at Stifle on April 9, citing a differentiated asset performance and a focus on the Williston Basin. Moreover, the company is the only Bakken shale pure play at present.
When the company reported results on May 7, earnings of 17 cents beat estimates by five cents on a 62% rise in revenues.