Franklin Resources, Inc. (BEN): Among The 10 Oversold Blue Chip Stocks to Buy Now

Insider Monkey10-31 04:08

We recently compiled a list of the 10 Oversold Blue Chip Stocks to Buy Now. In this article, we are going to take a look at where Franklin Resources, Inc. (NYSE:BEN) stands against other oversold blue...

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(BEN): Among The 10 Oversold Blue Chip Stocks to Buy Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-31 04:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/franklin-resources-inc-ben-among-200819982.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We recently compiled a list of the 10 Oversold Blue Chip Stocks to Buy Now. In this article, we are going to take a look at where Franklin Resources, Inc. (NYSE:BEN) stands against other oversold blue...</p>\n\n<a href=\"https://finance.yahoo.com/news/franklin-resources-inc-ben-among-200819982.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":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://finance.yahoo.com/news/franklin-resources-inc-ben-among-200819982.html","article_id":"2479766828","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/wXnOsIGEugfQPYtWYSpWSQ--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/07a135d2394c93c026c19d6a1d89af49"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479766828","pubTimestamp":1730318899,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"We recently compiled a list of the 10 Oversold Blue Chip Stocks to Buy Now.In this article, we are going to take a look at where Franklin Resources, Inc.  stands against other oversold blue chip stocks.Fidelity Investments went on to say that the US labor market demonstrated signs of cooling. However, it remained strong overall. Despite some softness in manufacturing, some of the major global economies continued to expand. Elsewhere, in China, new policies to fuel stock prices were rolled out. While the positive impact was seen in the Chinese equities post the stimulus measures, there remains some uncertainty regarding the long-term impact.Forbes reported that experts are predicting stock market growth to vary in the range of a 5% decline to growth of 20% in 2025. However, some experts believe that a 10% increase is expected to be the most likely scenario. UBS expects that the stock market is on track for another year of double-digit gains. The strategists made a bullish call for stock","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BEN":"富兰克林资源","BK4588":"碎股","BK4135":"资产管理与托管银行"},"translate_title":"富兰克林资源公司(BEN)：现在值得买入的10只超卖蓝筹股","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BEN":1},"content_text":"We recently compiled a list of the 10 Oversold Blue Chip Stocks to Buy Now. In this article, we are going to take a look at where Franklin Resources, Inc. (NYSE:BEN) stands against other oversold blue chip stocks.\nMarket experts believe that, so far, 2024 continues to be a strong year for the broader stock market. With the predictions of rate cuts, some strategists opine that next year can be another year for the equities. On a YTD basis, the S&P 500 saw an increase of over ~22%. On a related note, Fidelity Investments (in the note dated October 16, 2024) highlighted that equities rallied in Q3 2024, courtesy of real estate, US value, and some small-cap stocks. While volatility increased in August, it decreased later. This led to a productive September.\nFidelity Investments went on to say that the US labor market demonstrated signs of cooling. However, it remained strong overall. Despite some softness in manufacturing, some of the major global economies continued to expand. Elsewhere, in China, new policies to fuel stock prices were rolled out. While the positive impact was seen in the Chinese equities post the stimulus measures, there remains some uncertainty regarding the long-term impact.\nFactors to Watch Out For in 2025\nWith 2024 approaching an end, global investors continue to wonder about the factors that might influence the broader financial markets in 2025. The markets are intertwined, making US stocks more sensitive to several factors. Forbes reported that the results of the 2024 presidential election, domestic inflation and rates, technology innovation, economic trends, and elevated geopolitical tensions are some of the factors likely to influence the financial markets\nAs per TradingBlock, the tariff measures, together with a national deficit, are some of the critical issues for the next president. While the new tariffs can slow down the broader US economy, the deficit, if left unchecked, might lead to continued devaluation of the U.S. dollar. Also, a slowdown of the US economy might result in inflation worries.\nSome market experts continue to worry about the Chinese economy. As per SALT Venture Group, the slowness in China can be a constraint for the stock market growth in the next year. This is because this slowdown can weaken the demand for US exports. As per CEIC, the US total exports to China sat at ~$12.618 billion in August 2024.\nREAD ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In.\nWhat to Expect from the Stock Market in 2025?\nForbes reported that experts are predicting stock market growth to vary in the range of a 5% decline to growth of 20% in 2025. However, some experts believe that a 10% increase is expected to be the most likely scenario. UBS expects that the stock market is on track for another year of double-digit gains. The strategists made a bullish call for stocks, projecting that the S&P 500 is expected to touch 6,600 by next year’s end. The firm went on to add that the increase is expected to be aided by a “no landing” for the economy.\nThe improved US macroeconomic outlook has increased the bank’s degree of certainty about the positive view of equities. Notably, the job market continues to be resilient amidst tighter financial conditions and elevated interest rates. Investors might witness some volatility because of the November election, but it’s unlikely that it will be a hurdle to more positive market drivers.\n A large computer terminal full of complex calculations tracking the company's cash flow and investment management decisions. \nOur Methodology\nTo list the 10 Oversold Blue Chip Stocks to Buy Now, we extracted the companies that have a market cap of over $10 billion by using a Finviz screener. After getting an initial list of 25-30 stocks, we chose the ones trading at a forward P/E multiple of less than 15.0x and which have fallen significantly on a YTD basis. Finally, the stocks were ranked in the ascending order of their hedge fund sentiments, as of Q2 2024.\nWhy are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).\nFranklin Resources, Inc. (NYSE:BEN)\nMarket cap (As of 25 October): $10.6 billion\nForward P/E (As of 25 October): 7.87x\n% Decline on a YTD Basis: ~30%\nNumber of Hedge Fund Holders: 27\nFranklin Resources, Inc. (NYSE:BEN) is a publicly-owned asset management holding company.\nDespite the challenges, Franklin Resources, Inc. (NYSE:BEN) continues to maintain a strong global presence in the investment management industry. This international footprint is expected to offer opportunities for the company to diversify its asset base and tap into growth markets. Through leveraging its established brand and distribution networks, Franklin Resources, Inc. (NYSE:BEN) should be able to offset outflows in certain markets with inflows from others. It can focus on regions or asset classes where it has a competitive advantage or where market conditions continue to be favorable.\nDuring the quarter that ended June 30, 2024, the company saw positive net flows in multi-asset and alternative strategies, with a strong emphasis on retail SMAs, Canvas, and ETF offerings. Wall Street analysts remain optimistic about Franklin Resources, Inc. (NYSE:BEN)’s partnerships with Microsoft and Envestnet. These alliances should enhance technology capabilities.\nIt plans to grow its Wealth Management business with the help of organic investments and acquisitions, focusing on innovation and technology. It will continue to invest in the business to aid its strategic priorities in Asset Management and Wealth Management. Franklin Resources, Inc. (NYSE:BEN) is focused on product development and expansion, with ongoing product development with Great West and the expectation to broaden its allocations beyond fixed income. The expansion of its partnership with Envestnet, Inc. is seen as a growth catalyst, furthering its position as a top SMA provider.\nFranklin Resources, Inc. (NYSE:BEN) highlighted that advisors who are using Envestnet will be able to access Canvas’ differentiated digital solutions and operational assurance in a bid to strengthen client relationships by personalizing investment management. As per Wall Street, the shares of the company have an average price target of $21.44.\nOverall BEN ranks 7th on our list of 10 Oversold Blue Chip Stocks to Buy Now. While we acknowledge the potential of BEN as an investment, our conviction lies in the belief that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a deeply undervalued AI stock that is more promising than BEN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.\nREAD NEXT: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.\nDisclosure: None. This article is originally published at Insider Monkey.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"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":"4.29.1","shortVersion":"4.29.1","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/2479766828"}