Friday, January 23, 2015

Could These 2 Stocks Double in 2015? : Barrick Gold Corp. (TSX:ABX)(NYSE:ABX),Cameco Corporation (TSX:CCO)(NYSE:CCO)

Overall, 2014 was a good year for the markets, but there are some notable exceptions, particularly when it comes to commodities companies.
Barrick Gold Corp. (TSX:ABX)(NYSE:ABX), for one, is down about 23% over the past 52 weeks, and that includes the 26% it has gained since the start of 2015. Cameco Corporation (TSX:CCO)(NYSE:CCO) is another stock that has been battered over the past 52 weeks, declining 28.8%; 6% of those losses were experienced since the start of 2015.
If you want to make money investing you have to buy stocks when they are relatively low. Unfortunately, this is easier said than done. When stocks are under pressure, there is a reason for it, and this reason usually scares most investors off. While it is basically impossible to predict the low point for any stock, these two companies have a great near and longer-term picture, even though 2014 was a year that both these companies would rather forget. (more)

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