3 Wildly Oversold Penny Stocks to Buy Now
Investing in oversold penny stocks nowadays starts with one elementary question: Is it prudent to assume more risk to get a well-risk-adjusted return in a bear market? The logic says it depends on the economic conditions. We know that we should expect more interest rate hikes soon. JPMorgan Chase (NYSE: JPM ) CEO Jamie Dimon is one of the prominent voices warning about the negative consequences of inflation as the market has tumbled. 7 Best Reddit Stocks to Buy Now Still, some losses in the market haven’t been fully justified. Here are three oversold penny stocks that have seen severe losses in 2022. Each one can rebound. They present strong fundamentals and are very attractive, not based on their technical analysis, but on the underlying strength of their business and financial performance. PBI Pitney Bowes $4.21 JRSH Jerash Holdings $5.25 WLMS Williams Industrial Services $1.33 Pitney Bowes (PBI) Source: shutterstock.com|Aina Jameela Pitney Bowes (NYSE: PBI ) “ is a global shipping and mailing company that provides technology, logistics, and financial services to more than 90 percent of the Fortune 500.” The stock has losses of about 37% in 2022.
3 Wildly Oversold Penny Stocks to Buy Now
Investing in oversold penny stocks nowadays starts with one elementary question: Is it prudent to assume more risk to get a well-risk-adjusted return in a bear market? The logic says it depends on the economic conditions. We know that we should expect more interest rate hikes soon. JPMorgan Chase (NYSE: JPM ) CEO Jamie Dimon is one of the prominent voices warning about the negative consequences of inflation as the market has tumbled. 7 Best Reddit Stocks to Buy Now Still, some losses in the market haven’t been fully justified. Here are three oversold penny stocks that have seen severe losses in 2022. Each one can rebound. They present strong fundamentals and are very attractive, not based on their technical analysis, but on the underlying strength of their business and financial performance. PBI Pitney Bowes $4.21 JRSH Jerash Holdings $5.25 WLMS Williams Industrial Services $1.33 Pitney Bowes (PBI) Source: shutterstock.com|Aina Jameela Pitney Bowes (NYSE: PBI ) “ is a global shipping and mailing company that provides technology, logistics, and financial services to more than 90 percent of the Fortune 500.” The stock has losses of about 37% in 2022.