The old adage is to be greedy when others are fearful and fearful when others are greedy. That's pretty much the idea of buying low and selling high, but it puts an emotional spin on things. Emotion is what tends to drive investors and is the logic behind Benjamin Graham's "Mr. Market" analogy. If you have what it takes to take a contrarian look at things, you'll want to consider these six bargain stocks from the troubled oil patch, steel industry, and industrial space.
Chevron Corp. (NYSE:CVX), which traces its history back to 1879. Now, if you're looking at Chevron, you should also take a peek at ExxonMobil (NYSE:XOM). Another big loser of late has been steel. On that front, one of the best run companies in the United States is Nucor Corporation (NYSE:NUE). Steel Dynamics (NASDAQ: STLD) also uses electric arc technology and has managed to remain profitable for eight of the last 10 years. Eaton Corporation (NYSE: ETN), one of the two bargain stocks to look at right now, saw its organic growth fall 2% last year. Emerson Electric (NYSE: EMR) is another industrial name you might want to look at.
Source: Motley Fool
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