It’s been a rough couple of months for investors. The stock market has been quite unpredictable, and seemingly more news driven than we’ve seen for several years. With trade-war concerns still ongoing with China, back-and-forth sentiment in the U.K. regarding Brexit, rising interest rates, and other geopolitical factors in play, the market seems to turn on a dime with every new headline.
There are many reasons to look for a rebound in the market with President Trump resuming talks with Chinese President Xi Jinping, new tariffs on Chinese goods postponed until March 1st, and China considering lowering tariffs on U.S. made automobiles. Major indices such as the S&P 500, Nasdaq, and the Dow Jones are also finding footing from support at recent lows and a rebound is very possible.
The Stock Score Report is a great tool to use in a volatile market, as it combines both technical and fundamental data to give stocks an overall score. With many of the go-to large-cap high-priced stocks that were favorites among investors becoming extended during recent market strength, many have sold off dramatically since early October, and most no longer seem as “safe” as the once did. With the Stock Score Report, combining both short-term and long-term technical along with fundamental analysis, it can help determine the amount of upside potential left in a stock following a heavy selloff.
Let’s look at 5 top-ranked budget stocks that have great value.
QuinStreet, Inc. (QNST)
QuinStreet (QNST) is an internet performance marketing company that provides services for clients in the U.S and internationally. QNST scores highly on both short- and long-term technicals, with an overall rating of 97. It is the top ranked stock in the Stock Score Report universe, and is currently trading at $16.39, with a median target price of $18.55 held by 6 Wall Street analysts. The company has an estimated earnings date of 1/30/19 and has beat or exceeded expectations in the past five quarters. The company saw an earnings per share growth rate of 75% and revenue growth rate of 8.9% in the previous quarter, with growth rate estimates of 112% over the next 5 years.
Vanda Pharmaceuticals Inc. (VNDA)
Vanda Pharmaceuticals (VNDA) receives an overall score of 93. With both the short- and long-term technical scores near a perfect 100, Wall Street analysts give VNDA a median target price of $41.17, which is 53% above the current trading price of $26.90. That contributes to a fundamental score of 85. VNDA rose more than 14% following the release of earnings on Nov. 7 and saw a leap of 25% on Dec. 3 after announcing “positive” results in a phase II study results of Tradipitant, a treatment for patients with gastroparesis. The company has consistently beat on both the top and bottom lines and has a growth estimate of 77% over the next five years.
GreenTree Hospitality Gr (GHG)
GreenTree Hospitality (GHG) owns and operates hotels through its subsidiaries in the Peoples Republic of China. The company IPOed on March 3, 2018 with a closing price of $13.00, rising as high as $25.10 through mid-June. The stock sold off drastically, which often happens with newly IPOed companies as volatility can be high following large moves to the upside. GHG has been in a solid uptrend since the beginning of November and is currently trading around $15.00. The stock receives an overall score of 93, with a fundamental score of 96. The short-term technical score is high at 91. There is no long-term technical score with the stock so new to the market.
PCM, Inc. (PCMI)
PCM (PCMI) provides technology products and services. The company sells networking devices and related accessories, as well as offering IT and cloud-based services. PCMI gets an overall score of 93. The stock holds a 95-fundamental score, with Wall Street analysts holding a median target price of $25.60. The Stock Score Report has the Analyst Average Recommendation as a “Strong Buy”. Even the lowest analyst target price of $24.20 is 30% higher than the stock’s current price of $18.58. PCMI has seen growth of 51% in the past 5 years and is expected to see another 20% over the next 5 years.
Turtle Beach Corporation (HEAR)
The Turtle Beach Corporation (HEAR) is an audio-technology company that provides sound cards and gaming headsets for many video-game consoles and personal computers. HEAR is rated, on average, a “Strong Buy”, with 5 Wall Street analysts holding a median target price of $30.40. The stock is currently trading at $17.53 and holds an overall score of 92. HEAR saw explosive growth starting in April and has a high short-term technical score of 91. Hear rose from $2.00 to $34.00 from the end of March through early August, which is a rise of 1600%. The company missed on earnings per share last quarter, but beat on revenue, and has consistently beat both top an bottom lines going back as far as 2016.