To The Moon

Be fearful when others are greedy and greedy when others are fearful. It’s aninvestment philosophymade famous by the market’s most well-known value investor Warren Buffett. And right now, Wall Street is running scared. But where are those buy decisions best directed? In undervalued stocks capable of producing out-of-this-world returns. Right?

Saying it is the easy part, of course. Execution on the right undervalued stocks is another matter, especially in a market where dirt cheap companies are seemingly offered to buyers like fish in a barrel.

Not to knock the Oracle of Omaha’s stock picking prowess, but even his single largest holding, tech giantApple(NASDAQ:AAPL), wouldn’t make the cut for the type of undervalued rocket fuel we’re after. That requires something extra.

Below are three companies whose shares offer a strong blend of heavy discounting, off and on the price chart. Additionally, they have higher octane sales growth that’s bound to make others take notice and deliver sizzling profits for today’s undervalued stock buyers.

Undervalued Stock to Buy: Advanced Micro Devices (AMD)

Advanced Micro Devices(NASDAQ:AMD) is our final undervalued stock, offering a special blend of growth and overblown distress that’s buyable for big-time gains.

The top semiconductor play continued to wow Wall Street last month after blasting top- and bottom-line estimates and issuing upside and above-views guidance. Business is also booming, as evidenced by across-the-board double-digit sales growth in all of AMD’s product lines.

In the wake of the report, brokerPiper Sandlerraised shares of this undervalued stock to “overweight” from “neutral.” Additionally, they lifted their price target to an above-the-market $140, as priorPC and acquisition concerns failed to play outas anticipated.

About a month later, shares of AMD have confirmed a monthly chart pattern stationed off Covid-19 and long-term Fibonacci and trendline support after getting cut nearly in half from last November’s all-time-high.

With an oversold stochastics bullishly-aligned and massive volume accompanying the reversal formation, $140 looks like a good start toward a more rocket-worthy Street price target high of $230 inside the next 12 months.

$AMD(AMD)$