One company that I now regret not buying but that I did take a favorable stance on is FedEx. There are a couple of other examples I could point to. And while the market is up 9.6% since then, my shares have generated upside of 34.3%. And today, it accounts for over 15% of my portfolio. Another company that I currently own shares of that I initially started acquiring in March of 2022 is automotive retailer Group 1 Automotive ( GPI). The market was concerned by declining profitability as management invested billions of dollars into its metaverse operations with little to nothing to show for it. I nearly doubled my money buying stock in it after shares of the enterprise plunged over 70% late last year. Even though I sold out far earlier than I should have, the best such example can be seen by looking at Facebook parent Meta Platforms ( META). Some of the best investments that I have made over the past year or so have been contrarian investments. So despite this move higher that shares have enjoyed, I would argue that the company still warrants a solid 'buy' rating at this time. Even with this move higher and the pain the company is experiencing, the stock looks very cheap on an absolute basis and looks attractive relative to the competition. Even though the company has seen its financial condition worsen over the past few quarters, shares have rocketed higher after initially plunging late last year. One really good example that I could point to where this has worked out in recent months involves logistics giant FedEx ( NYSE: FDX ). When the market is moving in one direction, sometimes the most profitable thing to do is the exact opposite. One of these, one that I believe to be one of the best, is referred to as contrarian investing. There are several different types of investment strategies that people utilize.

Fedex zone chart 2023