Time to Buy This Beaten Down Stock
Michael Yoshikami, president and chief investment strategist at YCMNET Advisors, says if we haven’t hit the market bottom already, we’re at least two-thirds of the way there.
“We’re certainly at a point now where there are opportunities, and I don’t think investors should just sit on the sidelines,” he said.
He advises investors to look at stocks that have been unjustifiably beat down or negatively impacted due to the current financial crisis. One name he likes: Mastercard .
“While it might seem that they have a lot of debt issues, they really don’t. They’re really just a transfer agent,” Yoshikami said. “There’s a huge misperception on what they do, and they certainly have given back quite a few of their gains."
(Click on tickers for full data)
- American Express
- Discover Financial Services
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Disclosure information was not available for Yoshikami or his company.