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We've had a great summer buying up my "cheap stock" picks, with gains like 16% on LYSCF - a stock we owned at $4.25 a share. It doesn't even have to reach 10 bucks, and we'll have doubled our money, with plenty of upside potential left.
Today's recommendation could do even better. It's a stock in a sector that's red-hot, and in more ways than one, I'd add: steel.
The entire world's economy is in the process of bouncing back, albeit unevenly, from the COVID-19-powered haymaker it took in spring 2020, and steel - which plays a part in any recovery - is seeing demand at multi-year highs. That's one of the reasons why the SLX, the VanEck Vectors Steel ETF, is up nearly 40% year to date.
Of course, SLX will set you back nearly $64 a share today, but the stock I've picked out for us today costs nine times less.
More than that, steel and metal demand in this company's own backyard is seeing double-digit gains this year, so it's in the perfect position to cash in.
Now you are, too...
You can get even more profit potential for stocks that currently trade for even less. I'm talking about stocks that can go for $3 or $4 each sometimes - part of a rare class of stocks that are producing the market's biggest gains right now. In fact, the top performers here have seen an exceptional 2,953%... 4,801%... 12,754%... even 22,207% in less than a year. I can show you more about those right here...
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About the Author
Shah Gilani boasts a financial pedigree unlike any other. He ran his first hedge fund in 1982 from his seat on the floor of the Chicago Board of Options Exchange. When options on the Standard & Poor's 100 began trading on March 11, 1983, Shah worked in "the pit" as a market maker.
The work he did laid the foundation for what would later become the VIX - to this day one of the most widely used indicators worldwide. After leaving Chicago to run the futures and options division of the British banking giant Lloyd's TSB, Shah moved up to Roosevelt & Cross Inc., an old-line New York boutique firm. There he originated and ran a packaged fixed-income trading desk, and established that company's "listed" and OTC trading desks.
Shah founded a second hedge fund in 1999, which he ran until 2003.
Shah's vast network of contacts includes the biggest players on Wall Street and in international finance. These contacts give him the real story - when others only get what the investment banks want them to see.
Today, as editor of Hyperdrive Portfolio, Shah presents his legion of subscribers with massive profit opportunities that result from paradigm shifts in the way we work, play, and live.
Shah is a frequent guest on CNBC, Forbes, and MarketWatch, and you can catch him every week on Fox Business's Varney & Co.