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The Argus Wish List of Stocks for Bargain Hunters

Hand sanitizer as is seen on the floor of the New York Stock Exchange (NYSE) as further cases of coronavirus were confirmed in New York City, New York, U.S., March 10, 2020. REUTERS/Andrew Kelly
Hand sanitizer as is seen on the floor of the New York Stock Exchange (NYSE) as further cases of coronavirus were confirmed in New York City, New York, U.S., March 10, 2020. REUTERS/Andrew Kelly

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

GOOGL

Alphabet Inc

20.58%

FB

Facebook Inc

24.40%

NKE

Nike, Inc.

20.37%

SBUX

Starbucks Corp.

28.97%

AXP

American Express Co.

28.84%

COF

Capital One Financial Corp.

32.08%

LAZ

Lazard Ltd.

33.39%

JPM

JPMorgan Chase & Co.

33.78%

MS

Morgan Stanley

34.86%

USB

U.S. Bancorp.

40.57%

WFC

Wells Fargo & Co.

40.68%

DFS

Discover Financial Services

41.11%

SCHW

Charles Schwab Corp.

41.39%

CMI

Cummins Inc.

25.42%

SAP

SAP SE

20.74%

ADBE

Adobe Inc

20.93%

MSFT

Microsoft Corporation

21.04%

CRM

Salesforce.com Inc

22.74%

ORCL

Oracle Corp.

23.95%

ACN

Accenture PLC

24.16%

ADSK

Autodesk Inc.

24.35%

MA

Mastercard Incorporated

24.55%

SPLK

Splunk Inc

27.26%

CSCO

Cisco Systems, Inc.

34.84%

ANET

Arista Networks Inc

43.95%

NJR

New Jersey Resources Corporation

31.66%

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