As many may know, Best Buy (ticker: BBY) is a consumer electronics company that sells consumer tech products and services in North America. We are bullish on the stock. BBY may seem like a boring business, and it is, to be honest. But, that doesn’t mean you can’t make money off of it. From one of its low points in 2013, BBY stock has returned close to 1,000% compared to about 250% for the S&P 500, as you can see below.  Who doesn’t like good sleep? Tempur Sealy International (TPX) provides consumers with this possibility by developing, manufacturing, marketing, and distributing bedding products.
Its products include mattresses, adjustable bases, pillows, and other products, and includes brands such as Tempur, Tempur-Pedic, and Sealy. Due to its strong line of products and cheap valuation, we are bullish on the stock. Today, we published two articles. One was this Alphabet (GOOG) article on TipRanks, which we rated as bullish.
The second was an article published on Seeking Alpha on the cybersecurity company Fortinet (link here). We think both GOOG and FTNT are top dogs in their respective sectors. We currently believe that GOOG stock is worth over $4,100 a share, which we explain in our article; analysts rate it at nearly $3,500 a share. The stock is currently under $2,600. We think FTNT stock is worth around $306, based on our calculations. It is currently trading around $282. Meanwhile, analysts think it is worth $354.13, see below. PayPal is one of the most widely-known fintech companies out there. It has taken a massive tumble recently from its highs of $310 and is now under $100.
With its valuation looking much more attractive now, we are bullish on the stock for the long term (the short term may see more downside because it’s still in a downtrend). In fact, analysts project that PYPL stock can almost double from here. Meta Platforms (FB), formerly known as Facebook, is a dominant social media company. There is a lot of unfavorable sentiment surrounding the company at the moment.
Despite the negativity, we are bullish on FB stock. Meta even has a hidden growth catalyst that comes as a result of its recent less-than-impressive earnings results. Yes, its weak earnings report is actually a positive (at least some of it is). Hi everyone, we’ve been very selective with our Buy ratings in this market pullback and had only put out one Buy in the past few months on Gambling.com (GAMB) stock (you can check that out here).
But now, we’re doing two Buy ratings at once. We believe both Foot Locker and InMode are attractive stocks currently due to their relatively low valuations. |
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