Pay Attention! 3 Ignored Stocks to Buy Right Now

InvestorPlace07-25

With big tech looking like it needs a breather, here are some overlooked stocks to add during this sector rotation. Block (NYSE:SQ) Cryptos are heating up and Block is a sneaky proxy for digital ...

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3 Ignored Stocks to Buy Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-25 19:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/07/pay-attention-3-ignored-stocks-to-buy-right-now/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With big tech looking like it needs a breather, here are some overlooked stocks to add during this sector rotation. \nBlock (NYSE:SQ) Cryptos are heating up and Block is a sneaky proxy for digital ...</p>\n\n<a href=\"https://investorplace.com/2024/07/pay-attention-3-ignored-stocks-to-buy-right-now/\">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":".IXIC","symbol_name":"NASDAQ Composite","start_time":0,"source_url":"https://investorplace.com/2024/07/pay-attention-3-ignored-stocks-to-buy-right-now/","article_id":"2454082268","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2454082268","pubTimestamp":1721907900,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"With big tech looking like it needs a breather, here are some overlooked stocks to add during this sector rotation.Block  Cryptos are heating up and Block is a sneaky proxy for digital currencies.Starbucks : Starbucks just got a boost from an activist investor.Exxon Mobil : This oil giant has underperformed the market but stands to gain from a red wave in November.Shares of SQ are trading at just 1.8x sales and 20x forward earnings. For a growth stock that has grown its revenue at a five-year CAGR of 45%, these price multiples seem like a bargain. At this point, it seems that either a Trump or Harris victory in November is pro-Bitcoin and that should benefit Block’s stock price.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".IXIC":"NASDAQ Composite","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU2129689431.USD":"FRANKLIN GLOBAL INCOME \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","QLD":"纳指两倍做多ETF","LU0612318971.USD":"BGF NATURAL RESOURCES \"A5G\" (USD) INC","LU0630314457.HKD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (HKD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","BK4534":"瑞士信贷持仓","BK4528":"SaaS概念","PSQ":"纳指反向ETF","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","LU2129689605.HKD":"FRANKLIN GLOBAL INCOME \"A\" (HKD) INC","LU1674673691.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (USD) INC","LU2129689514.USD":"FRANKLIN GLOBAL INCOME \"A\" (USD) INC","SG9999002521.SGD":"United Global Resources A Acc SGD","LU0553294199.USD":"BGF GLOBAL EQUITY INCOME \"A5G\" (USD) INC","LU0345774631.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) INC","LU0612318385.USD":"BGF NATURAL RESOURCES \"A2\" (USD) ACC","BK4209":"餐馆","LU0654597011.USD":"BGF NATURAL RESOURCES \"A4G\" (USD) INC","SQ":"Block","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","XOM":"埃克森美孚","BK4570":"地缘局势概念股","TQQQ":"纳指三倍做多ETF","SQQQ":"纳指三倍做空ETF","IE00BYQQ9H92.USD":"BNY MELLON GLOBAL LEADERS \"A\" (USD) ACC","LU0545039389.USD":"BGF GLOBAL EQUITY INCOME \"A2\" ACC","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","LU1929549753.HKD":"FRANKLIN INCOME \"A\" (HKD) INC","BK4581":"高盛持仓","SG9999014542.SGD":"United Income Focus Trust Acc SGD","QID":"纳指两倍做空ETF","SG9999011175.SGD":"Nikko AM Global Dividend Equity Dis SGD-H","TXN":"德州仪器","BK4561":"索罗斯持仓","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU1235294995.USD":"FIDELITY GLOBAL TECHNOLOGY \"A\" (USDHDG) ACC","LU0347712357.USD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (USD) ACC","SBUX":"星巴克","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H"},"translate_title":"注意！立即购买的3只被忽视的股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TXN":1,"XOM":0.9,"SBUX":0.9,"SQ":0.9,".IXIC":0.76,"SQQQ":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"TQQQ":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"With big tech looking like it needs a breather, here are some overlooked stocks to add during this sector rotation. \nBlock (NYSE:SQ) Cryptos are heating up and Block is a sneaky proxy for digital currencies.\nStarbucks (NASDAQ:SBUX): Starbucks just got a boost from an activist investor.\nExxon Mobil (NYSE:XOM): This oil giant has underperformed the market but stands to gain from a red wave in November. \n\n\n\n\n\n \n\nSource: Shutterstock\n\n\n\nWith the markets cooling down and investors rotating out of the “Magnificent 7” to take their profits, it’s time to take a look at some stocks that have been ignored as of late. The companies that have seen their stocks soar this year are great businesses. However, the optimism has likely been priced in by the markets. On the other hand, high-quality stocks that haven’t budged during this bull market likely have some catching up to do.  In order to beat the masses, looking at stocks that the market is ignoring and avoiding the hype is what made legendary investors like Warren Buffet successful. \nSo how am I identifying ignored stocks? These three companies have all underperformed the benchmark S&P 500 index this year. They are also excellent, well-run companies that have been largely ignored thanks to investors’ focus on AI and the semiconductor sector. If you are a value hunter and looking to beat the benchmark, these three should be added to your watchlist immediately. \nBlock (SQ)\nSource: Jonathan Weiss / Shutterstock.comThis former fintech darling has lagged the market in recent years and has returned a loss of 5.7% in 2024. Compared to the more than 16% return of the S&P 500 this year it’s easy to see why shareholders are frustrated. Here’s why I think Block (NYSE:SQ) is ready to rebound in 2025 alongside the ongoing crypto bull market. \nIt’s no secret that this election is starting to revolve around the crypto industry, especially Bitcoin. Trump brought on a pro-Bitcoin Vice Presidential candidate in J.D Vance while Harris has been speaking with Mark Cuban about cryptocurrencies. Block’s Cash App has more than 50 million active users who have direct access to Bitcoin through the app. CEO Jack Dorsey has also said that Block is working on a retail-friendly Bitcoin miner. This falls in line with Trump’s vision of the future of Bitcoin mining in America. \nShares of SQ are trading at just 1.8x sales and 20x forward earnings. For a growth stock that has grown its revenue at a five-year CAGR of 45%, these price multiples seem like a bargain. At this point, it seems that either a Trump or Harris victory in November is pro-Bitcoin and that should benefit Block’s stock price.\nStarbucks (SBUX)\nSource: monticello / Shutterstock.comStarbucks (NASDAQ:SBUX) is another company that has been left for dead by the markets. Despite being in a clear bull market, Starbucks stock has lost about 15% in 2024 and nearly 23% since July of last year. The company has struggled since the pandemic and has seen stunted growth in key markets like China. In the most recent quarter, Starbucks saw an 11% year-over-year sales decline at its Chinese stores. \nWhen companies as powerful as Starbucks are beaten down, it usually attracts attention. The stock has been mostly ignored in favor of high-growth industries like AI and semiconductors. Last week, The Wall Street Journal reported that activist investor Elliott Investment Management has taken a significant stake in the struggling company. Shares popped by nearly 7.0% following the report. \nElliott has had success with turning companies around and has taken recent stakes in companies like Southwest (NASDAQ:LUV) and Texas Instruments (NASDAQ:TXN). Although Starbucks shares are trading at their lowest multiples in years at 2.4x sales and 19.8x forward earnings, shareholders would like to see more than a five-year revenue CAGR of just 7.0%. \nExxon Mobil (XOM)\nSource: Ken Wolter / Shutterstock.comEven some of the largest companies in the world can be ignored and forgotten by the market. Exxon Mobil (NYSE:XOM) is the eighteenth-largest company in the world by market cap but fossil fuels and energy have not been the sectors of choice in this bull market. So far in 2024, XOM has underperformed the S&P 500 index by 7.0% and over the past year by nearly 15%. \nWhy am I suggesting you pay attention to Exxon Mobil now? One underappreciated part of the AI boom is going to be how to supply enough energy to power these massive data centers. While renewables can work, many are turning to abundant fossil fuel sources like natural gas. Oil and petroleum are also overwhelmingly used to power the infrastructure that produces electricity. Finally, Trump has already stated that he intends to “drill, baby, drill” and bring energy dominance back to the U.S. through fossil fuels. \nExxon’s stock is trading at rock-bottom multiples after its underperformance this year. Shares of XOM are trading at 1.3x sales and 12.5x forward earnings while still growing its annual revenue at a CAGR of 22% over the past three years. Exxon also provides you with one of the safest dividends on the market with more than 40 consecutive years of raising its distribution. This makes XOM a Dividend Aristocrat with a current dividend yield of 3.35%. \nOn the date of publication, Michael Que did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nOn the date of publication, the responsible editor held a LONG position in SBUX.\nMichael Que is a financial writer with extensive experience in the technology industry, with his work featured on Seeking Alpha, Benzinga and MSN Money. He is the owner of Que Capital, a research firm that combines fundamental analysis with ESG factors to pick the best sustainable long-term investments.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/07/pay-attention-3-ignored-stocks-to-buy-right-now/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"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":"4.26.3","shortVersion":"4.26.3","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/2454082268"}