Looking for capital gains in a market near its all-time highs, and one that seems in a stall over the past six months, is a tall order. Looking for good buys in any market usually involves taking positions in sectors that are not exactly universally loved at the time. In a market at its highs, this becomes even more pronounced.

Good buys do exist. They are just not so easy to pull the trigger on. Here are four that, while not loved right now, to say the least, may perform very well over the next two to three years.

Corenergy

Corenergy Infrastructure Trust (NYSE: CORR) is an oil real estate investment trust (REIT) play. The main advantage of Corenergy over the standard oil exchange traded fund position, such as the US Oil Fund ETF, or the large cap safer choice like Exxon is that further capital loss is mitigated by a very high dividend, currently $0.54, that will be raised next quarter to $0.60. Given the current price of $5.70 right near lows, the yield is over 10%. Revenues and earnings have increased despite oil’s sharp fall, with the most recent quarter being the best on record. It basically buys energy infrastructure assets in the United States and leases them back triple net.

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Glencore

Corenergy International PLC, which trades over the counter, is another commodity play with a decent yield of 4.5%. This Switzerland-based company operates metal and coal mining operations, as well as oil and agricultural assets. It is also near all-time lows and about to release its half-year earnings, which likely will batter the stock down further for a better buy on August 19. The dividend will insulate partially against any further loss before commodities reverse and could be a good medium- to long-term hold at this point.

Popular

Popular Inc. (NASDAQ: BPOP) is a Puerto Rican bank that did not make the mistake of buying too much government debt like Greek banks did. Its non-performing loans are only 3.2% of its assets, which puts it in very decent shape for being on an otherwise insolvent island. The stock took a minor beating when Puerto Rico announced it would default in late June, but it has recovered nicely through the actual default on August 9. Popular is a bet on a Puerto Rican recovery once the debt counter is reset and sinuses cleared with the bank coming through relatively unscathed.

Yahoo

Yahoo! Inc. (NASDAQ: YHOO) is not a very loved company, and unlike the rest of the tech market is decently off its high set last year. What makes Yahoo a good buy is its move to get into daily fantasy sports, a burgeoning market led by private companies at this point. Yahoo already has the largest fantasy sports user base online and will now monetize that base further with its offering, which is already off the ground and running. Next earnings likely will surprise to the upside, though one may want to wait until just before next earnings to take a position.

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