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.
*However, both stocks are currently in downtrends, so they may have more short-term downside before (potentially) recovering. These are longer-term ratings rather than short-term trades.*
FL stock: Footwear retailer Foot Locker has had a big drop recently, as you can see in this 12-year chart below. It’s had drops like this before, followed by big recoveries. We think it will eventually recover again for reasons we explain in our article.
Click the button below to read why we’re buying FL stock:
INMD stock: InMode is a medical aesthetic devices company. It sells minimally invasive aesthetic medical products for procedures, such as liposuction with simultaneous skin tightening, body and face contouring, skin rejuvenation treatments, and more.
People that have followed our work in the past may have seen our past bullish ratings on INMD stock. We were mainly buyers in mid-2020 to mid-2021. When the share price started really going parabolic in late 2021, we trimmed a bit of our position.
Then, the market dipped, and so did INMD stock. We weren’t rushing to buy the dip, though, until we figured it was starting to get too oversold. We now believe it is starting to get overextended to the downside, and we have started buying again in the $37-$41 area.
Click the button below to read why we’re buying INMD stock:
Thanks for reading!
Also read: How to Find and Pick High-Quality Stocks to Invest In