2024-07-29 11:00:00 ET
Summary
- Here is my list of blue-chip stocks to research for a buy-on-weakness strategy.
- Each has the potential to dip by -10% to -20%, given the July S&P 500 correction expands into a more serious bear market.
- The goal is to purchase stocks at low future PEG Ratios and EV to EBITDA readings for +50% to +100% total returns by the end of 2025.
I thought I would write a quick note on some of the blue-chip stocks to watch and research for a buy-on-market-weakness strategy. If the Big Tech selloff begins to spiral and multiply, the current move will likely take many unrelated individual names in the market another -10% to -20% lower in coming months. That's how corrections and bear markets work. Investors and funds sell not only the overvalued, over-owned sectors due for a dip, but others become casualties on arbitrage-focused market liquidations.
Anyway, some of the following names I already own, while I am seriously looking to buy others on any 10%+ price haircut. I thought the best way to approach my momentum, valuation, and bottom fishing research for readers would be to publish a short list of 10 picks that could turn into oversized gainers the next 12-18 months, after enduring "temporary" business headaches over the previous 12-24 months. The goal is to buy each stock near a valuation low on sales, cash flow and book value, just before earnings rebound strongly during 2025....
Read the full article on Seeking Alpha
For further details see:
10 Beaten-Up Blue Chips With Serious Turnaround Potential