Time to Buy the Dip? These Top Ranked Stocks are on Sale Now

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Broad market indexes are down about -5% over the last couple of weeks, and some market participants are already anticipating the worst outcomes. But is there really something terrible on the horizon, ...

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But is there really something terrible on the horizon, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/time-buy-dip-top-ranked-184900188.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Time to Buy the Dip? 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These Top Ranked Stocks are on Sale Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-18 02:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/time-buy-dip-top-ranked-184900188.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Broad market indexes are down about -5% over the last couple of weeks, and some market participants are already anticipating the worst outcomes. But is there really something terrible on the horizon, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/time-buy-dip-top-ranked-184900188.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4554","symbol_name":"元宇宙及AR概念","start_time":0,"source_url":"https://finance.yahoo.com/news/time-buy-dip-top-ranked-184900188.html","article_id":"2428376239","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/rpIVwx6vYGR2fx.jxRDCZQ--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/b00ad92d8214467363b83cc1d9de492d"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428376239","pubTimestamp":1713379740,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Broad market indexes are down about -5% over the last couple of weeks, and some market participants are already anticipating the worst outcomes. But is there really something terrible on the horizon, or is this just a garden variety pullback?Although we have seen a hot inflation print, rising geopolitical tensions and doubts about interest rate cuts, I lean towards the current scenario being pause in the bull run and thus likely a buying opportunity.The US economy is growing above trend, the AI revolution is improving worker productivity, stocks are fairly priced and though there might be a delay in interest rate cuts, they are very likely starting by the end of the year. All of this to me are signs of a continuing bull market, which will regularly have 5-10% corrections to shake the weak participants.When looking for stocks to buy the dip on, I am seeking those that are showing relative strength against the market index and have top Zacks Ranks. Even better when I can identify stocks ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4554":"元宇宙及AR概念","LU1046421795.USD":"富达环球科技A-ACC","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","ANET":"Arista Networks, Inc.","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","WMT":"沃尔玛","BK4567":"ESG概念","BK4585":"ETF&股票定投概念","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","SG9999014906.USD":"大华全球优质成长基金Acc USD","BK4587":"ChatGPT概念","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU0494093205.USD":"贝莱德ESG灵活多元资产A2 USD-H","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","BK4550":"红杉资本持仓","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0079474960.USD":"联博美国增长基金A","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","UBER":"优步","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4551":"寇图资本持仓","LU1917777945.USD":"安联专题基金Cl AT Acc","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","MUSA":"Murphy USA Inc.","XLE":"SPDR能源指数ETF","AMAT":"应用材料","SG9999002232.USD":"Allianz Global High Payout USD","SG9999002224.SGD":"Allianz Global High Payout SGD","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","NVDA":"英伟达","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","BK4529":"IDC概念","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","SM":"SM Energy","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC"},"translate_title":"是时候买蘸酱了？这些排名靠前的股票现在正在出售","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ANET":1,"XLE":1,"WMT":1,"UBER":1,"SM":1,"NVDA":1,"MUSA":1,"AMAT":0.9},"content_text":"Broad market indexes are down about -5% over the last couple of weeks, and some market participants are already anticipating the worst outcomes. But is there really something terrible on the horizon, or is this just a garden variety pullback?\nAlthough we have seen a hot inflation print, rising geopolitical tensions and doubts about interest rate cuts, I lean towards the current scenario being pause in the bull run and thus likely a buying opportunity.\nThe US economy is growing above trend, the AI revolution is improving worker productivity, stocks are fairly priced and though there might be a delay in interest rate cuts, they are very likely starting by the end of the year. All of this to me are signs of a continuing bull market, which will regularly have 5-10% corrections to shake the weak participants.\nWhen looking for stocks to buy the dip on, I am seeking those that are showing relative strength against the market index and have top Zacks Ranks. Even better when I can identify stocks from a range of industries to increase diversification.\nImage Source: Zacks Investment Research\nTechnology Stocks\nAs I mentioned, the Artificial Intelligence boom is driving major changes in the markets and economy. AI-adjacent stocks have been strong outperformers since the start of the year, and many are pulling back to appealing levels.\nThe market’s leading AI stock, Nvidia NVDA continues to boast a Zacks Rank #1 (Strong Buy) rating reflecting its continuously rising earnings revisions trend. Additionally, the price action has been forming a compelling technical trading setup.\nWe can see that since early March, Nvidia stock has been trading sideways and building out a bull flag. This setup echoes the consolidation that launched NVDA stock higher at the start of the year.\nIf the stock can trade above the $900 level, it would signal a technical breakout and likely send the stock to further highs.\nImage Source: TradingView\nTwo other stocks that are a little further out on the supply chain regarding AI are Arista Networks ANET and Applied Materials AMAT. Both Arista Networks and Applied Materials are poised to play significant roles in the AI revolution by providing critical technology and infrastructure solutions.\nApplied Materials, as a leading supplier of semiconductor manufacturing equipment, enables the production of advanced AI chips and processors. These chips are crucial for AI applications as they power machine learning algorithms and deep learning networks. Additionally, Arista Networks specializes in providing high-performance networking solutions, including switches and routers, which are essential for the efficient and reliable functioning of data centers, and which are critical for the technology.\nFurthermore, they both enjoy top Zacks Ranks. Arista Networks has a Zacks Rank #1 (Strong Buy) rating and Applied Materials has a Zacks Rank #2 (Buy) rating.\nAn additional technology stock that isn’t really within the AI ecosystem but is still one of the top performing stocks over the last year is Uber Technologies UBER.\nWith analysts unanimously upgrading earnings estimates across timeframes, Uber enjoys a Zacks Rank #1 (Strong Buy) rating, which it has held on and off during the last year.\nImage Source: Zacks Investment Research\nOil Stocks\nAnother sector that has quietly seen big inflows and strong performance is oil. The price of crude oil has rallied nearly 18% YTD, and the oil sector ETF XLE is actually the best performing this year.\nImage Source: Koyfin\nTwo energy stocks that caught my eye are SM Energy SM and Murphy USA MUSA. Both have been market outperformers and have Zacks Rank #1 (Strong Buy) ratings.\nMuphy USA is one of my favorite oil stocks as its long-term performance is exceptional. Thanks to its strategic partnership with Walmart WMT, Murphy USA retail and gas shops are always growing sales.\nWith its proven business model MUSA stock has compounded at an incredible 26.3% annually over the last decade, trouncing the industry and broad market returns.\nAdditionally, at 15.8x forward earnings it is below its 10-year median of 16.3x\nImage Source: Zacks Investment Research\nSM Energy is an oil exploration company, that has experienced some hefty revisions higher to its earnings estimates and has massively outperformed its respective industry. After recovering from the energy crash during Covid, the stock has grown at 43% annually over the last three years.\nIt is also trading at a historical discount. Today, SM Energy trades at a one year forward earnings multiple of 8.1x, below its 10-year median of 11.6x and below the industry average of 12x. It also pays a nice dividend of 1.4%.\nImage Source: Zacks Investment Research\nBottom Line\nDon’t let the hysteria of a small market pullback shake you out of this market. Instead make a shortlist of your favorite stocks and focus on which ones are showing relative strength and are showing up on the Zacks Rank.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nWalmart Inc. (WMT) : Free Stock Analysis Report\nNVIDIA Corporation (NVDA) : Free Stock Analysis Report\nSM Energy Company (SM) : Free Stock Analysis Report\nApplied Materials, Inc. (AMAT) : Free Stock Analysis Report\nMurphy USA Inc. (MUSA) : Free Stock Analysis Report\nEnergy Select Sector SPDR ETF (XLE): ETF Research Reports\nArista Networks, Inc. (ANET) : Free Stock Analysis Report\nUber Technologies, Inc. (UBER) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428376239"}