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The best thing about bear markets is that they often crush even the healthiest growth stocks. This provides value seekers with a great opportunity to dig through the rubble and find quality stocks trading at tremendous discounts. This is the case for the ICL Group (ICL). Read the full text below.
ICL Group (ICL) is an innovative Israeli company offering specialty chemicals…with particular focus on potash and phosphates, which are most frequently used in the agricultural sector. It has quadrupled from its 2020 low to its 2022 high, and has seen tremendous growth.
But since hitting those highs in early 2022, the stock has endured a needless blow as every baby was thrown out in the bath water thanks to the bear market environment. This offers value seekers a great opportunity to join a fast-growing company with tremendous upside potential.
Let’s dig into the underlying story.
Yes, potash and phosphate commodity prices have peaked. But that doesn’t mean there won’t be huge demand…or huge opportunities to keep growing profits.
Looking ahead to next year, earnings per share are expected to be $1.04. Amazingly, the stock is currently trading just a few ticks above $7. That means the stock is only valued at 7x futures earnings. Very cheap in any market environment.
This explains why ICL earned an A rating on the POWR rating. In fact, it is in the top 1% of all stocks in our ratings universe. This may explain why analysts see a nearly 100% upside opportunity in the stock over the next year.
A bear market offers a great opportunity to stock up on huge companies at discounted prices. That’s exactly the special opportunity that’s unfolding at the ICL right now.
Want to discover more value stocks?
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Good luck with your investment!
Steve Lightmeister…but everyone calls me Reity (pronounced “Righty”).
CEO, Stock News Network, and Editor, Lightmeister Total Return
Shares of ICL were trading at $7.37 per share, down $0.01 (-0.14%) Friday afternoon. Year-to-date, the ICL is up 0.82% for him, while his S&P 500 index benchmark is up 6.51% for the same period.
About the Author: Steve Lightmeister
Steve is better known to StockNews audiences as “Reity”. Not only is he the company’s CEO, he shares 40 years of investment experience. Lightmeister Total Return PortfolioFind out more about Reity’s background, links to our latest articles, and more on stocks here.
post ICL Group (ICL): Fertile soil for stock market profits first appeared StockNews.com