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3 Contrarian Investments To Make Now For Massive Upside Potential

Many investors abandon highly promising shares with little chance of failing. The phenomenon has been exacerbated by overdone fears about elevated interest rates. Short sellers often believe that elevated rates will crush indebted, money-losing firms, regardless of their potential. These short sellers put huge downward pressure on small companies that are still in the red and have some debt. As their stock prices sink, many other investors also avoid buying their shares.

Sometimes these names do wind up plunging by more than 99%, never coming back to their previous highs. But some such firms do make huge comebacks. One such case is online auto dealer Carvana (NYSE:CVNA) which has soared an incredible 917% over the past 12 months. Here are three other contrarian investments that look poised to follow in Carvana’s footsteps.

This post appeared first on InvestorPlace.