Although I’m selling Natura out of my portfolio and my penny stock list, I do want to keep exposure to global beauty sector, however. I like the high margins and I like the correlation between sales of beauty products and rising incomes in developing economies. My pick for this iteration of my penny stock list is L’Occitane International (LCCTF)
I don’t think I’ve ever even imagined writing a line like this: Wait to buy Brazil’s Natura & Co.(NTCO) until after we know that Brazil’s right-wing president won’t stage a coup to prevent an election loss.
Special Report: Own the Future for Pennies with these 10 Penny Stock Picks. Pick No. 1: LNG startup Tellurian. Pick No. 2 Nel. No. 3 Tritium DCFC. Fourth Pick Vestas Wind, Fifth Pick Natura, Si.xth Pick Lynas Rare Earths Stay tuned for 4 more.
Yesterday tech tumbled but utilities, commodities like copper and even gold, and many “vaccine recovery” plays gained. Today almost everything is down.
Which to me is a sign that this now 6-day downturn is getting closer to an end. Right now, as of 1:30 a.m. in New York the NASDAQ is off another 2.32%. The brings the drop from the mid-february high to 6%. A little more than half way to a 10% correction. I don’t think we’re at the bottom yet. But I am looking for growth stories–which is not the same as “momentum growth stocks”–where the selling has created an opportunity.
It’s hard being a long-term contrarian investor in a short term market dominated by momentum trading. But I think the rewards from that discipline will be substantial–if an investor has a long enough time horizon to wait out short-term negative trends.
Today, I’m adding Natura & Company Holding (NTCO) to my Millennial Portfolio.
