5 Undervalued Stocks to Snap Up Before Black Friday
Despite the recent rally in the stock market, there are still some stocks trading at a discount due to the downturn in October. These stocks represent bargains with significant upside potential.
The market's current sentiment, discounting the expectation that the Federal Reserve will cease raising interest rates and may lower them in 2024, serves as an additional incentive to explore these opportunities.
As Black Friday approaches, let's delve into the best bargains available on the stock market using InvestingPro's models to glean valuable data and information.
On January 30, PayPal Holdings Inc (NASDAQ:PYPL) will present earnings. The forecast for the full year in terms of revenue is +7.6% and for 2024 +8.7%.
Source: InvestingPro
PayPal's new CEO makes a strong impression with his strategic clarity and plans for profitable growth. That's a plus for the company.
The stock is down -5% in the last 3 months.
80% of its ratings are buy, 18% hold, and 2% sell.
The market gives it potential at $77.58, and InvestingPro models at $79.89.
Source: InvestingPro
On February 2, Chevron Corp (NYSE:CVX) will present results. For 2024's first earnings, an increase in earnings per share of +5.2% is expected.
Its dividend yield is +4.18%. It has not cut its dividend since 2014, demonstrating a continued commitment to profitability throughout the cycle.
Source: InvestingPro
The punishment suffered by the oil stock following its deal with Hess (NYSE:HES) has been excessive.
The stock is down -8.5% over the past three months.
67% of the ratings are Buy, 33% are Hold and it has no Sell rating.
The market sees potential at $181.19.
Source: InvestingPro
Boeing (NYSE:BA) will report quarterly results on January 31. It is expected to post
Read more on investing.com
