Advertisement
U.S. markets open in 31 minutes
  • S&P Futures

    5,304.75
    -3.50 (-0.07%)
     
  • Dow Futures

    40,162.00
    +18.00 (+0.04%)
     
  • Nasdaq Futures

    18,478.50
    -25.25 (-0.14%)
     
  • Russell 2000 Futures

    2,138.90
    +0.50 (+0.02%)
     
  • Crude Oil

    82.75
    +1.40 (+1.72%)
     
  • Gold

    2,229.20
    +16.50 (+0.75%)
     
  • Silver

    24.69
    -0.06 (-0.25%)
     
  • EUR/USD

    1.0808
    -0.0021 (-0.19%)
     
  • 10-Yr Bond

    4.2220
    +0.0260 (+0.62%)
     
  • Vix

    13.00
    +0.22 (+1.72%)
     
  • GBP/USD

    1.2641
    +0.0003 (+0.03%)
     
  • USD/JPY

    151.1900
    -0.0560 (-0.04%)
     
  • Bitcoin USD

    70,466.20
    +328.28 (+0.47%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,952.01
    +20.03 (+0.25%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

Zacks Value Trader Highlights: JP Morgan Chase, Bank of America, Royal Caribbean, Lululemon and Micron

For Immediate Release

Chicago, IL – February 28, 2020 – Zacks Value Trader is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here:

Value Investors: Where to Look for Stocks on Sale

Welcome to Episode #179 of the Value Investor Podcast.

Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks.

It’s been tough to be a value investor in 2020 with stocks hitting new highs nearly every day.

But the coronavirus fears have awakened the bears. Stocks have staged a pullback, with some individual names already in a correction, which is 10% off the highs, and others are in a bear, which is 20% off their highs.

How do value investors find the bargains?

Look for Beaten Down Industries

Those that were values before the pullback, are going to remain values afterwards. In fact, investors tend to flee those stocks that are out of favor quicker in times of volatility.

That’s why the super cheap stocks right now are found in the hated industries like energy, retail and the banks.

No one wanted to buy stocks in those areas, even at the highs.

But you can get them much cheaper now.

5 Stocks for Your Wish List in 2020

1.       JP Morgan Chase (JPM) is among the best in class among the big banks. Shares have fallen 7% in the last week. It has a forward P/E of just 11.8.

2.       Bank of America (BAC) is even cheaper, with a forward P/E of 10.2. Shares have fallen 12%. It pays a dividend, currently yielding 2.3%.

3.       Royal Caribbean (RCL) has fallen 25% in just the last week on worries about travel and tourism. It now trades with a forward P/E of just 8.9. It has a dividend yield of 3.5%.

4.       Lululemon (LULU) is one of the top retailers in the world. Shares were hitting new all-time highs last week but are down 9.5% in the pullback. It has 38 stores in China. What will be the impacts? It’s still expensive, with a forward P/E of 41.

5.       Micron (MU) and the semiconductors were flying high into the news of the outbreak. The bottom of the cycle appeared to be in. Demand was up as were prices. But now? Micron is down 9.3% over the last week. It’s not cheap yet, with a forward P/E of 21.

What else do you need to know about looking for bargains right now?

Tune into this week’s podcast to find out.

Today's Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.

This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.

See their latest picks free >>

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

https://www.zacks.com/performance

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report
 
Micron Technology, Inc. (MU) : Free Stock Analysis Report
 
Bank of America Corporation (BAC) : Free Stock Analysis Report
 
lululemon athletica inc. (LULU) : Free Stock Analysis Report
 
Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Advertisement