The chart below shows the percentage gain in prices of three major players, all household names in the US, from early March to date. There’s Citigroup (ticker: C; red line), Ford Motors (ticker: F; blue line) and General Electric (ticker: GE; black line) - and they’ve all been rebounding heavily.
You can see the staggering gains logged in since early March. Here’s the tally - GE: 74%; Citigroup: 160% and Ford: 205%. They make the 35% increase in the S&P 500 index (green line) look pathetic by comparison.
Some blue-chip penny stocks have soared massively since March... 
The trick here is to get in at the right time. With companies that have seen such tough times, you’d be right to be wary of further falls.
Nonetheless, the opportunity here is hard to ignore. These stocks were deeply oversold. In other words, they got dragged way too far down due to panic selling across the market. Eventually, when investors realised these shares had value, they piled back in... and the shares shot higher.
So this could work if we get another massive sell-off. Look for similarly oversold household names, trading like penny shares, which nonetheless have good businesses behind them.
Just remember, it’s not a strategy for the faint-hearted.
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