Dip Buying Opportunity: 3 Leading Stocks to Buy Now

Zacks07-26

Yesterday, the S&P 500 experienced its first 2% selloff in nearly two years, after trading lower five of the previous six days. Is this the end of the bull market? I think probably not. That doesn’t ...

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I think probably not.\nThat doesn’t ...</p>\n\n<a href=\"https://finance.yahoo.com/news/dip-buying-opportunity-3-leading-171400791.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>Dip Buying Opportunity: 3 Leading Stocks to Buy Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDip Buying Opportunity: 3 Leading Stocks to Buy Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-26 01:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/dip-buying-opportunity-3-leading-171400791.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Yesterday, the S&P 500 experienced its first 2% selloff in nearly two years, after trading lower five of the previous six days. Is this the end of the bull market? I think probably not.\nThat doesn’t ...</p>\n\n<a href=\"https://finance.yahoo.com/news/dip-buying-opportunity-3-leading-171400791.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":"SG9999001143.SGD","symbol_name":"United Gold and General A Acc SGD","start_time":0,"source_url":"https://finance.yahoo.com/news/dip-buying-opportunity-3-leading-171400791.html","article_id":"2454383650","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=2454383650","pubTimestamp":1721927640,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Yesterday, the S&P 500 experienced its first 2% selloff in nearly two years, after trading lower five of the previous six days. Is this the end of the bull market?That doesn’t mean the market is going to rally immediately back to new all-time highs though either. There is a real possibility that stocks chop around for a few months leading up to the presidential election, but that doesn’t mean you should wait until then to start buying.In this situation, I think there are three good options out there; buy shares in what has been working like mega cap tech stocks, buy shares in more defensive names, or buy shares of uncorrelated stocks.Here I am going to share my favorite pick from each of these options. Amazon  represents the tech stock, International Paper  the defensive and Newmont  the uncorrelated. Each of them enjoys top Zacks Ranks and two of them are outperforming the market year to date.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999001143.SGD":"United Gold and General A Acc SGD","LU0498741114.HKD":"FRANKLIN GOLD & PRECIOUS METALS \"A\" (HKD) ACC","BK4527":"明星科技股","BK4220":"综合零售","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0055631609.USD":"贝莱德世界黄金基金A2","BK4588":"碎股","BK4579":"人工智能","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","BK4503":"景林资产持仓","IP":"国际纸业","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","BK4581":"高盛持仓","LU0080751232.USD":"富达环球多元动力基金A","LU0056508442.USD":"贝莱德世界科技基金A2","LU0266512127.USD":"摩根大通环球自然资源 A(acc)","LU0075056555.USD":"贝莱德世界矿业基金A2","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4548":"巴美列捷福持仓","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU0082616367.USD":"摩根大通美国科技A（dist）","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0048584097.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","AMZN":"亚马逊","NEM":"纽曼矿业","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU0107464264.USD":"abrdn SICAV I - GLOBAL INNOVATION EQUITY \"A\" (USD) ACC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","BK4532":"文艺复兴科技持仓","BK4592":"伊斯兰概念","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0368265764.SGD":"Blackrock World Gold Fund A2 SGD-H","LU0330918003.SGD":"Blackrock World Mining A2 SGD-H","LU0788109121.HKD":"BGF WORLD MINING \"A2\" (HKDHGD) ACC","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","NEM.AU":"Newmont Corp","BK4534":"瑞士信贷持仓","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","LU0072462426.USD":"贝莱德全球配置 A2","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0498741890.SGD":"FTIF - Franklin Gold and Precious Metals A (acc) SGD","LU0456854461.SGD":"JPMorgan Funds - Global Natural Resources A (acc) SGD","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4524":"宅经济概念"},"translate_title":"逢低买入机会：立即买入的3只龙头股","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMZN":1,"NEM":1,"IP":1,"NEM.AU":0.9},"content_text":"Yesterday, the S&P 500 experienced its first 2% selloff in nearly two years, after trading lower five of the previous six days. Is this the end of the bull market? I think probably not.\nThat doesn’t mean the market is going to rally immediately back to new all-time highs though either. There is a real possibility that stocks chop around for a few months leading up to the presidential election, but that doesn’t mean you should wait until then to start buying.\nIn this situation, I think there are three good options out there; buy shares in what has been working like mega cap tech stocks, buy shares in more defensive names, or buy shares of uncorrelated stocks.\nHere I am going to share my favorite pick from each of these options. Amazon (AMZN) represents the tech stock, International Paper (IP) the defensive and Newmont (NEM) the uncorrelated. Each of them enjoys top Zacks Ranks and two of them are outperforming the market year to date.\nImage Source: Zacks Investment Research\n \nAmazon: Tech Giant Trading at a Historical Discount\nAmazon, a leading force in the technology sector and an unparalleled giant in the e-commerce and cloud computing spaces, presents a compelling investment opportunity. Despite the market's recent volatility, Amazon has demonstrated resilience and strength, making it an attractive option for investors seeking both growth and value. Additionally, Amazon currently boasts a Zacks Rank #2 (Buy) rating, reflecting upward trending earnings revisions.\nAmazon's performance during the recent market sell-off has been notable. The company has maintained the best relative strength among the mega-cap technology stocks, reflecting its ability to withstand market pressures better than its peers in the current environment.\nOne of the standout aspects of Amazon's investment case is its robust earnings growth prospects. Analysts project Amazon's earnings per share (EPS) to grow at an annual rate of 29.6% over the next three to five years. \nThis forecasted growth rate is particularly impressive given Amazon's size and maturity. For a company of Amazon's scale, such rapid growth underscores its ability to continually innovate, expand its market presence, and drive profitability across its various business segments.\nAmazon's current valuation presents a unique buying opportunity. The stock is trading at a one-year forward earnings multiple of 38.4x, which is significantly below its five-year median of 71.9x. To provide further context, this valuation is the lowest Amazon has experienced in the past decade, making it a historically attractive entry point for investors.\nImage Source: Zacks Investment Research\n \nNewmont: Riding the Trend Higher in Gold\nNewmont stands out as an attractive investment opportunity, particularly for those looking to capitalize on the strong upward trend in gold prices and the often-uncorrelated returns they offer. The company's robust fundamentals and favorable market conditions make it a compelling addition to any portfolio.\nNewmont currently has a Zacks Rank #2 (Buy) rating, indicating upward trending earnings revisions and improving the odds of near-term strength.\nNewmont is also effectively riding the wave of increasing gold prices, which have recently reached new all-time highs. The company’s performance is closely linked to the price of gold, and as gold continues to outperform the S&P 500, Newmont benefits significantly. Investors seeking exposure to the precious metals market can find Newmont to be an attractive option, as it stands to gain from any further appreciation in gold prices.\nNewmont's earnings per share (EPS) growth forecasts are particularly noteworthy. Analysts project EPS to grow at an impressive annual rate of 47.9% over the next three to five years.\nDespite its strong growth prospects, Newmont is trading at an appealing valuation. The company has a forward earnings multiple of 18.1x, which is relatively low compared to its industry peers. Additionally, Newmont boasts a PEG ratio of just 0.38, indicating that the stock is undervalued relative to its expected growth.\nFrom a technical analysis perspective, Newmont's chart setup is also quite promising. The stock is currently forming a bull flag pattern, a continuation pattern that typically precedes further upward movement. If Newmont can hold this pattern and break out above the $47.30 level, it would confirm a technical breakout, potentially leading to significant gains.\nImage Source: TradingView\n \nInternation Paper: Strong Performance During Market Correction\nInternational Paper has proven its resilience and defensive nature during the recent market volatility, emerging as a standout performer. While the broad market has experienced a 3% decline over the past two weeks, International Paper has gained 7%.\nInternational Paper holds a Zacks Rank #1 (Strong Buy) rating, reflecting its strong fundamentals and positive outlook from analysts. The company's earnings estimates have been consistently revised upward across various timeframes, with FY25 earnings estimates seeing a notable 13.6% increase over the past two months.\nInternational Paper offers a substantial dividend yield of 4%, making it an attractive choice for income-focused investors. The company's commitment to returning cash to shareholders is further evidenced by its steady share buyback program over the last decade, which has reduced shares outstanding by 20% in that time.\nDuring periods of market correction, defensive stocks like International Paper often shine. The company's strong performance amidst market volatility highlights its ability to provide stability and relative safety for investors. \nImage Source: TradingView\nBottom Line\nIn this uncertain environment, I offer investors three options: investing in high-performing mega-cap tech stocks, shifting to more defensive names, or diversifying with uncorrelated stocks. Each of these strategies has its merits, and choosing the right mix depends on individual risk tolerance and investment goals.\nWhile market volatility can be unsettling, it also presents opportunities for strategic investment. Amazon, Newmont, and International Paper each offer unique advantages, whether through growth potential, defensive stability, or uncorrelated returns. By carefully selecting stocks from these categories, investors can navigate the choppy waters leading up to the presidential election and position themselves for long-term success.\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\nAmazon.com, Inc. (AMZN) : Free Stock Analysis Report\nInternational Paper Company (IP) : Free Stock Analysis Report\nNewmont Corporation (NEM) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","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/2454383650"}