3 Oversold Stocks to Buy Right Now

Buy the dip on these oversold stocks [Morning Watchlist] You are receiving this email because you are subscribed to Behind the Markets. If you no longer wish to receive these emails, please [unsubscribe]( here.  Prefer to view this content on our website? [Click here.]( --------------------------------------------------------------- Dear Fellow Investor, With a good deal of fear priced into the market, it’s time to buy the dip in oversold stocks. --------------------------------------------------------------- Company: Taiwan Semiconductor (SYM: TSM) After gapping to a low of $133.86, the tech stock is oversold on RSI, MACD and Williams’ %R and could bounce higher. Helping, Morgan Stanley just named TSM a top pick and reiterated its overweight rating on the stock. “We like TSMC’s quality and defensive nature during an elongated semi downcycle. Price hike confirmation and ongoing AI capex strength should be key catalysts,” said the firm as quoted by CNBC. “Following the sector’s recent broad selloff, we think TSMC is attractive again at 16x our 2025 EPS estimate with higher quality company operations and financial outlook.” --------------------------------------------------------------- The TradingPub [Nine straight wins: Crash no match for these Tesla traders]( [chart]( See this chart of Gold's price action plummeting 6% back in March? Right now a lot of people are upset with Tesla's performance. This year the stock has crashed by 30%... Yet, thanks to something coined as the Perfect Tesla Trade... [See how it's done here on this special training!]( --------------------------------------------------------------- Company: First Solar (SYM: FSLR) Oversold shares of First Solar (SYM: FSLR) look interesting again. After pulling back from about $300 to $216, the solar stock appears to have caught strong support at its 100-day moving average. Plus, it’s starting to slowly pivot higher from over-extensions on RSI, MACD and Williams’ %R. Helping, the company just beat second quarter earnings, and more than doubled its bottom line year over year. Q2 net income jumped to $349 million, or $3.25 a share from $171 million, or $1.59 a share year over year. Revenue jumped 25% to $.01 billion. Also, as noted by Seeking Alpha: Strong results were supported by a pull forward of 45X tax credits, Morgan Stanley analyst Andrew Percoco wrote; he expects "pricing upside to materialize in 2H24/early 2025 and see a strong buying opportunity following the recent selloff." --------------------------------------------------------------- T3 Live [Warning signs flashing again in the market]( I put my personal money to work last September as the market pulled back. Did the same in April. Now, I'm rearing up to buy more as my #1 indicator is flashing for another pullback. I've used this #1 indicator since 1997. It let me and my readers know to sell in February 2020 before the Covid crash. The indicator is free to use and easy to overlay on your charts. [Here's my #1 indicator to try out now.]( --------------------------------------------------------------- Company: Qualcomm (SYM: QCOM) In its third quarter, the company’s EPS of $2.33 beat by seven cents. Revenue of $9.39 billion, up 11.3% year over year beat by $1790 million. For the fourth quarter, the company expects to earn between $2.45 and $2.65 share, with revenue expected to come in between $9.5 billion and $10.3 billion. Analysts are looking for EPS of $2.47 on $9.7 billion in revenue. There’s also a lot to like with QCOM’s involvement with artificial intelligence-enabled devices in autos, computers, handhelds and wearables. To QCOM’s advantage, analysts at IDC say generative AI smartphone shipments could reach 70% of the market by 2028, which is a positive for QCOM. They also noted that in this year alone, “AI-enabled smartphone shipments are expected to grow with more than 360%, representing 234.2 million phones. That represents 19% of the overall smartphone market in 2024.” --------------------------------------------------------------- Tradewins [Could These 3 Trades Replace Your Paycheck?](Expert Chuck Hughes certainly thinks so... And for over 24 years, he's been proven right! In his follower favorite guide, "Trade Like Chuck", Hughes reveals the simple strategies that helped him to go from paycheck to paycheck, to living in financial freedom, and now... You can learn how you could too! [Click here to download your copy of "Trade Like Chuck", now!]( --------------------------------------------------------------- [Join Daily Guru Trades!]( Want more free daily trades in your inbox? [Sign up for Dylan Jovine's Daily Guru Trades Today.]( Have you purchased shares of oversold stocks following the recent market selloff? Do you have your eye on any other oversold stocks we might have missed? Hit "reply" to this email and let us know! Our mailing address is: Behind the Markets, LLC 4260 NW 1st Avenue, Suite 55 Boca Raton, FL 33431 Copyright © 2024 Behind the Markets, LLC, All rights reserved. You're receiving this email as part of your subscription to Behind the Markets. For more information about our privacy practices, please review our [Privacy Policy]( or our [Legal Notices.]( [Behind the Markets](  [Unsubscribe]( Â