In the markets, just like in life, sometimes it pays to hold off on pulling that trigger – however tough that might be.
Good things come to those who wait… The waiting is the hardest part… Do not open till Xmas…
Today’s penny stock pick is the perfect example – and I’ll tell you why in a second.
By now, you know I’m super bullish on the clean energy stocks, along with fellow travelers in “clean tech,” like the battery industry, lithium and rare earths, electric vehicles, and so on.
When I say “bullish,” I mean there are dozens and dozens of stocks in this space that I watch on a regular basis – I’ve recommended many of them right here.
Hot Clean Energy Stocks To Watch For 2023: BanColombia S.A.(CIB)
Bancolombia S.A. provides various banking products and services to individual, corporate, and government customers. The company operates through ten segments: Banking Colombia, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Banking Panama, Insurance, Off Shore, and All Other. It offers checking and savings accounts, fixed term deposits, and investment products; trade financing, loans funded by domestic development banks, working capital loans, credit cards, personal and vehicle loans, payroll loans, overdrafts, and financing for industrial projects; mortgage banking and factoring services; and financial and operating leasing services. The company also provides capital market products, such as futures, forwards, options, and swaps; and brokerage, investment advisory, and private banking services, including selling and distributing equities, futures, foreign currencies, fixed income securities, mutual funds, and structured products. In addition, it offers asset management products, such as mutual funds, private equity funds, and privately managed investment accounts; cash management services; foreign currency transaction services; and bancassurance and insurance services. Further, the company provides investment banking services, such as financial advisory, underwriting services, capital market services, and private equity management services; and trust services, such as money market accounts, mutual and pension funds, private equity funds, payment trust, custody services, and corporate trust. Additionally, it offers loan management, transportation, and real estate brokerage services; and is involved in outsourcing activities. As of December 31, 2015, it had 1,274 branches. The company also operates 5,080 automatic teller machines. Bancolombia S.A. was founded in 1945 and is headquartered in Medellín, Colombia.