Should You Be Concerned About The Rally? You Might Like These 7 Safety Stocks
If you are into taking risks, then perhaps you will find Faber’s advice boring because he is concerned with long term investing strategies that has to do with “fundamental analysis” (and waiting very patiently for your returns to add up) as opposed to what traders and day traders do, which involves “technical analysis.” If you like trading and taking big risks (that also comes with big rewards) this is your opportunity because the market is definitely in momentum.
Business Section: Investing Ideas
Looking for stock ideas that follow Faber's advice? We screened Gold, Silver, Steel & Iron, Copper, Aluminum and Industrial Metals & Minerals stocks for strong bullish attention from hedge funds.
This starting universe of precious metals and mining stocks fits with Faber's idea of safe alternative investments should the market falter. We then screened for significant net purchases from institutional investors over the current quarter as a sign that hedge funds, and other big money traders, think these companies have upside to price in.
Do you think these institutional favorites would make a good hedge should Faber's doomsday predictions come to pass? Use this list as a starting point for your own analysis.
Interactive chart: Compare average analyst ratings for the stocks mentioned below. Press play to see how ratings changed over the past two years. Click through for more free tools.
1. Primero Mining Corp. (PPP): Engages in the production of precious metals in Mexico. Market cap at $361.19M. Gold Net institutional purchases in the current quarter at 12.1M shares, which represents about 18.86% of the company's float of 64.17M shares.