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The perfect factor about bear markets is that they typically crush even the healthiest progress shares. This offers worth seekers an amazing alternative to dig by way of the rubble to search out high quality shares buying and selling at ridiculous reductions. Such is the case with ICL Group (ICL). Learn on beneath for the complete story.
ICL Group (ICL) is an modern Israeli firm offering specialty chemical substances…particularly these centered on potash and phosphate that are most frequently used within the agricultural discipline. They’ve loved large progress over the previous years with the share value rising 4X from the 2020 lows to 2022 highs.
Nonetheless, since making these highs early in 2022 shares have endured an pointless beating due to the bear market atmosphere throwing all infants out with the bathwater. This offers worth seekers an ideal alternative to get on board a thriving progress firm with large upside potential.
Let’s dig into the basic story.
Sure, commodity costs for potash and phosphate have peaked. But that doesn’t imply there may be not large demand…or large alternative to continue to grow income.
As we glance out to subsequent yr, they’re nonetheless anticipated to supply $1.04 in earnings per share. Amazingly at this second shares are buying and selling just some ticks above $7. Meaning shares are being valued at solely 7X ahead earnings. Very low cost in any market atmosphere.
This explains why ICL sports activities an A for Worth within the POWR Scores. The truth is, it’s within the high 1% of all shares in our scores universe. And this doubtless explains why analysts see shares having almost 100% upside alternative within the yr forward.
Bear markets present an ideal alternative to refill on large firms at discounted costs. That’s precisely the particular alternative I see unfolding for ICL right now.
Need to Uncover Extra Worth Shares?
ICL is simply 1 of seven enticing worth shares present in a brand new particular report we simply put collectively. Click on the hyperlink beneath to say your free copy now:
What To Do Subsequent?
Uncover my model new “Inventory Buying and selling Plan for 2023” protecting:
- Why 2023 is a “Jekyll & Hyde” yr for shares
- How the Bear Market Ought to Come Again with a Vengeance
- 9 Trades to Revenue Now
- 2 Trades with 100%+ Upside Potential as New Bull Emerges
- And A lot Extra!
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Wishing you a world of funding success!
Steve Reitmeister…however everybody calls me Reity (pronounced “Righty”)
CEO, Inventory Information Community and Editor, Reitmeister Whole Return
ICL shares have been buying and selling at $7.37 per share on Friday afternoon, down $0.01 (-0.14%). Yr-to-date, ICL has gained 0.82%, versus a 6.51% rise within the benchmark S&P 500 index throughout the identical interval.
Concerning the Writer: Steve Reitmeister
Steve is best identified to the StockNews viewers as “Reity”. Not solely is he the CEO of the agency, however he additionally shares his 40 years of funding expertise within the Reitmeister Whole Return portfolio. Be taught extra about Reity’s background, together with hyperlinks to his most up-to-date articles and inventory picks.
The put up ICL Group (ICL): Fertile Soil for Inventory Market Earnings appeared first on StockNews.com
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