These quality stocks have dived since June. I’d buy these cheap shares today

From June, the FTSE 100 index zigzagged downwards, losing ground as rising Covid-19 infections worried investors. By Halloween, the Footsie had dropped 590 points — almost a tenth (9.6%) — as share prices drifted downwards. Then came a near-record month, with cheap shares staging a massive comeback and the FTSE 100 leaping by almost an eighth (12.4%) in November. However, not all stocks rose in this relief rally, with several quality companies lagging behind.

Bottom-fishing for cheap shares

From early June until today, 29 FTSE 100 members have seen their share prices decline. The worst performer has crashed by almost a quarter (24.1%), while the best of these 29 losers had its share price dip by just 0.3%. Overall, the average decline among these laggards is 9%, with 12 stocks recording higher falls than this. I see this ‘dirty dozen’ as fertile ground for bottom-fishing — finding unloved and cheap

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Why Gary Vaynerchuk Dived Headfirst Into Sports Cards When Others Laughed At Him

As VaynerMedia CEO Gary Vaynerchuk’s keen ability to execute his vision based on consumer trends and behaviors faster than his competitors led to massive expansion of his entrepreneurial empire, he set his sights on a new frontier: sports cards. His peers countered his exuberance around a youthful pursuit with deeply rooted skepticism.

“When I started talking about it, I got met with 90% laughs and 10% curiosity,” Vaynerchuk said during a recent interview.

Weathering A Perfect Storm

Vaynerchuk spent the past few years on social media hyping up the sports card market, encouraging ardent sports fans to purchase professionally graded cards of top legends and emerging prospects. The Covid-19 pandemic amplified his message as families rekindled old collecting hobbies, flippers searched for new product to move, and gamblers looked for a place to make their bets.

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