You hear a lot of talk about whether it’s a bull market or a bear market, and what sort of market is going to be in the future, but today we’re going to forget about all that. Why? Because while there are, certainly, bull and bear markets, they happen to different industries at different times, and many stocks within those industries buck the trends entirely, going their own way and doing their own thing.
It will be time to buy back into the general market when the valuations look right, given the prospects for earnings growth, and the very same formula applies when looking at individual stocks. Some stocks, once high-flyers, have already been beaten down enough—in some cases, more than enough. These are the ones I’m looking for, the stocks that have been oversold, so that as soon as the slightest good news emerges, their rise will be spring-loaded. Netflix (NFLX), which popped after reporting better than expected earnings and subscriber growth earlier this week, was a good example.
So, from every corner of the big board, I’ve pulled the five stocks I believe most likely to pull a Netflix over the coming weeks and months. As always, remember to consider these ideas just that, ideas, and do your own research before making any investment decision.