The recent turbulent market conditions have robbed investors of their confidence, subsequently creating bargain opportunities that were thought of as impossible just six months ago. While no one knows the future of the markets or what will happen next, various valuations that have been used successfully for decades are screaming for investors’ attention towards certain stocks.
The first stock we would like to mention is Apple, Inc. (AAPL). This company has captured the attention of the media, Wall Street, and the general public the past few years with their innovative ideas and nearly explosive growth. The company was trading at over $190 a share just 5 months ago, but recently hit a low of $85.00. Apple is certainly one to keep an eye on as their management has clearly demonstrated they are capable of successfully creating new markets as well as increasing market share in established industries by outperforming competitors.
Another stock you will want to keep on watch while it is trading at reduced prices is Best Buy Co, Inc. (BBY). This stock has fallen from $48.25 to just $23.58 in less than a month. Analyst Bradley B. Thomas acknowledges the opportunity this has created for potential investors and recently upgraded the stock from “Hold” to “Buy.” The company is well positioned to benefit from the possible bankruptcy of Circuit City. Thomas believes Best Buy’s EPS could rise by 37 cents in 2010 if Circuit City had to close 300 stores.
We are also putting the well known Google, Inc. (GOOG) on this list as it has fallen from $602.45 to $310.30. This company’s performance holds the envy of executives and engineers around the globe. Their progressive ideas, meticulous accountability and careful attention to detail have made the company one of greatest success stories in the past decade. 20 analysts support the stock with 15 naming the stock a “Strong Buy”, 3 calling it a “Moderate Buy”, and 2 recommending to “Hold.”
One final company to bring to your attention is Uranium Energy Corp. (UEC). The junior resource company controls one of the largest historical uranium exploration and development databases in the US and has used these databases to acquire advanced uranium mining properties throughout the southwestern US. With the public increasingly realizing that nuclear power plants generate electricity with far less greenhouse emission than fossil fuels, Uranium Energy Corp. is in a favorable position for funding and exploring all aspects of uranium development.
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