The Argus Wish List of Stocks for Bargain Hunters
The current equity market malaise almost led to a bear market following heavy selling pressure on Monday March 9, with the S&P 500 falling 19% from its recent peak. While volatility is likely to remain high as the range of economic and corporate profit outcomes continues to be considered, and as monetary and fiscal stimulus measures are likely announced, Yahoo Finance Premium partner Argus Research believes many high-quality stocks have been oversold and represent opportunities for investors on the lookout for bargains. Argus screened for companies in their coverage universe that have the following criteria: Buy-rated, at least 20% below their 52-week high, a Financial Strength rating of High (indicating a strong balance sheet that can weather a downturn), and where they have at least a Market Weight recommendation on the sector. Their list of 26 high-quality stocks is below.
Symbol | Company name | PctBelow52wkHigh | ||
Alphabet Inc | 20.58% | |||
Facebook Inc | 24.40% | |||
Nike, Inc. | 20.37% | |||
Starbucks Corp. | 28.97% | |||
American Express Co. | 28.84% | |||
Capital One Financial Corp. | 32.08% | |||
Lazard Ltd. | 33.39% | |||
JPMorgan Chase & Co. | 33.78% | |||
Morgan Stanley | 34.86% | |||
U.S. Bancorp. | 40.57% | |||
Wells Fargo & Co. | 40.68% | |||
Discover Financial Services | 41.11% | |||
Charles Schwab Corp. | 41.39% | |||
Cummins Inc. | 25.42% | |||
SAP SE | 20.74% | |||
Adobe Inc | 20.93% | |||
Microsoft Corporation | 21.04% | |||
Salesforce.com Inc | 22.74% | |||
Oracle Corp. | 23.95% | |||
Accenture PLC | 24.16% | |||
Autodesk Inc. | 24.35% | |||
Mastercard Incorporated | 24.55% | |||
Splunk Inc | 27.26% | |||
Cisco Systems, Inc. | 34.84% | |||
Arista Networks Inc | 43.95% | |||
New Jersey Resources Corporation | 31.66% |
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