3 awesome stocks for a crappy bear market

Marc Kennis, June 10, 2022

In the current bear market, which stocks can you buy ?

In the current crappy bear market, stock valuations remain low as labour shortages and inflation bite, but there are still good stock opportunities. Stuart Roberts from Stocks Down Under says he can’t believe the valuations of some companies, telling us he sees great value in Perenti Global (ASX:PRN), a valuation of three times earnings being a steal, given it recently increased profit by 20%.

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Another pick of Stuart’s is Macmahon (ASX:MAH) after the company successfully completed the commissioning of its full processing circuit at the Warrawoona Gold Project in Western Australia.

Looking broader, Stuart likes the oil and gas industry, particularly the larger names. Stock specific, in Stuart’s eyes it is all about ASX-listed mega-caps, which to him are safer bets, like Woodside (ASX:WDS), with a larger workforce that isn’t as impacted by staff turnover post COVID-19 lockdowns.

Going abroad, Stuart said with increased sovereign risk post the Russian invasion of Ukraine and China flexing its muscles, he prefers Tier 1 economies, such as the United States, Japan and Germany in the current bear market.