March 25, 2020 - The market hasn't exactly leveled off, but the relentless selling seems to have stopped, at least for now. We expect volatility, to the upside, and the downside, to continue for a while.
After such a sharp decline in markets, there are bound to be some bargains available. This isn't necessarily a conservative strategy, as on some level, it is a bet that the market was wrong. However, if you're looking for bargains, finding stocks with good fundamentals that have given up a lot of ground recently.
We used the InvestorsObserver stock screener to find large cap stocks with high fundamental scores and low long-term technical scores. The goal here was to find companies that have seen an outsized share of the selling, but the company's earnings and analysts tell a different story.
The results generated a lot of big-names companies, we picked out five to highlight here.
Phillips 66 is an oil refiner, buying oil and turning into gasoline and other products. The bet here is that the reduction in demand for gas is less than the reduction in price from the price war between Russia and Saudi Arabia.
General Dynamics and United Technologies are both defense contractors, although they have some civilian business as well. These like pretty safe plays as defense spending isn't going to be reduced during this crisis.
Wells Fargo and Citigroup are mega-cap banks. Besides being too big to fail, these banks make most of their money from fees, as opposed to differences in interest rates, which has historically been how banks make money. There might be some slowdown in transactions and new lending, but that is likely to recover quickly when the crisis passes.
Phillips 66 (PSX) Stock)
Phillips 66 (PSX) stock is up 17.52% over the past week and gets a Neutral rating from InvestorsObserver's Sentiment Indicator. Phillips 66 stock is down -48.48% over the last 12 months, and the average rating from Wall Street analysts is a Strong Buy. InvestorsObserver’s proprietary ranking system, gives PSX stock a rank of 51 out of a possible 100.
That rank is mainly influenced by a fundamental rank of 99. In addition to the average rating from Wall Street analysts, PSX stock has a mean target price of 106.416. This means analysts expect the stock to climb 110.72% over the next 12 months. PSX's rank also includes a short-term technical rank of 45. The long-term technical rank for PSX is 8.
PSX has an Overall Score of 51. Find out what this means to you and get the rest of the rankings on PSX!
What's Happening with PSX Stock Today
PSX has risen $4.92 from the previous closing price of $45.58 on volume of 2,759,761 shares. Over the past year the S&P 500 is lower by -9.71% while PSX is down -48.48%. PSX earned $6.87 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 7.34.
United Technologies Corporation (UTX) Stock)
United Technologies Corporation (UTX) stock has risen 21.56% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.United Technologies Corporation stock has fallen -23.48% over the last 12 months, and the average rating from Wall Street analysts is a Strong Buy. InvestorsObserver’s proprietary ranking system, gives UTX stock a rank of 48 out of a possible 100.
That rank is primarily influenced by a long-term technical rank of 24. UTX's rank also includes a short-term technical rank of 39. The fundamental rank for UTX is 79. In addition to the average rating from Wall Street analysts, UTX stock has a mean target price of 152.555. This means analysts expect the stock to gain 58.06% over the next 12 months.
UTX has an Overall Score of 48. Find out what this means to you and get the rest of the rankings on UTX!
What's Happening with UTX Stock Today
UTX has gained $9.76 from the previous closing price of $86.76 on volume of 5,859,513 shares. Over the past year the S&P 500 has fallen -9.71% while UTX has fallen -23.48%. UTX earned $6.41 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 14.97.
General Dynamics Corporation (GD) Stock)
General Dynamics Corporation (GD) stock is up 1.00% over the past week and gets a Neutral rating from InvestorsObserver's Sentiment Indicator.General Dynamics Corporation stock has fallen -26.71% over the last 12 months, and the average rating from Wall Street analysts is a Buy. InvestorsObserver’s proprietary ranking system, gives GD stock a rank of 56 out of a possible 100.
That rank is primarily influenced by a fundamental rank of 89. In addition to the average rating from Wall Street analysts, GD stock has a mean target price of 202.3. This means analysts expect the stock to increase 65.39% over the next 12 months. GD's rank also includes a short-term technical rank of 58. The long-term technical rank for GD is 20.
GD has an Overall Score of 56. Find out what this means to you and get the rest of the rankings on GD!
What's Happening with GD Stock Today
GD is up $8.36 from the previous closing price of $113.97 on volume of 1,371,189 shares. Over the past year the S&P 500 is down -9.71% while GD has fallen -26.71%. GD earned $11.98 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 10.27.
Wells Fargo & Co (WFC) Stock)
The market has been high on on Wells Fargo & Co (WFC) stock recently. WFC gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.Wells Fargo & Co stock is lower by -39.34% over the last 12 months, and the average rating from Wall Street analysts is a Sell. InvestorsObserver’s proprietary ranking system, gives WFC stock a rank of 39 out of a possible 100.
That rank is chiefly influenced by a long-term technical rank of 14. WFC's rank also includes a short-term technical rank of 23. The fundamental rank for WFC is 78. In addition to the average rating from Wall Street analysts, WFC stock has a mean target price of 48.861. This means analysts expect the stock to add 64.35% over the next 12 months.
WFC has an Overall Score of 39. Find out what this means to you and get the rest of the rankings on WFC!
What's Happening with WFC Stock Today
WFC is higher by $0.81 from the previous closing price of $28.92 on volume of 26,873,482 shares. Over the past year the S&P 500 is down -9.71% while WFC is lower by -39.34%. WFC earned $4.05 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 7.33.
Citigroup Inc (C) Stock)
Citigroup Inc (C) stock has risen 20.34% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.Citigroup Inc stock is down -28.39% over the last 12 months, and the average rating from Wall Street analysts is a Strong Buy. InvestorsObserver’s proprietary ranking system, gives C stock a rank of 45 out of a possible 100.
That rank is mainly influenced by a long-term technical rank of 21. C's rank also includes a short-term technical rank of 40. The fundamental rank for C is 76. In addition to the average rating from Wall Street analysts, C stock has a mean target price of 93.333. This means analysts expect the stock to increase 112.89% over the next 12 months.
C has an Overall Score of 45. Find out what this means to you and get the rest of the rankings on C!
What's Happening with C Stock Today
C is higher by $3.18 from the previous closing price of $40.66 on volume of 16,887,219 shares. Over the past year the S&P 500 has fallen -9.71% while C is down -28.39%. C earned $8.04 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 5.43.
