Best Value Stocks To Consider - October 24th

Key Points

• The five value stocks highlighted for October 24th are Invesco QQQ, Intel, Rigetti Computing, AltC Acquisition, and CoreWeave, which have shown the highest trading volumes recently.
• Value stocks are defined as those that appear inexpensive compared to fundamental measures, but they can sometimes represent a "value trap" due to underlying business issues.
• The Invesco QQQ trust aims to mirror the performance of the Nasdaq-100 Index, allowing investors to track the index through unit investment trust securities.

Invesco QQQ, Intel, Rigetti Computing, AltC Acquisition, and CoreWeave are the five Value stocks to watch today, according to MarketBeat's stock screener tool. Value stocks are shares of companies that appear cheap relative to fundamental measures such as earnings, book value, cash flow, or dividend yield — typically reflected in low P/E or P/B ratios. Investors buy them expecting the market will eventually recognize the company's true worth and the price will rise, often seeking income and downside protection. However, a low price can reflect genuine business problems, so what looks like a value stock can sometimes be a "value trap." These companies had the highest dollar trading volume of any Value stocks within the last several days.

Invesco QQQ (QQQ)

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust's investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

Read Our Latest Research Report on QQQ

Intel (INTC)

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.

Read Our Latest Research Report on INTC

Rigetti Computing (RGTI)

Rigetti Computing, Inc., through its subsidiaries, builds quantum computers and the superconducting quantum processors. The company offers cloud in a form of quantum processing unit, such as 9-qubit chip and Ankaa-2 system under the Novera brand name; and sells access to its quantum computers through quantum computing as a service.

Read Our Latest Research Report on RGTI

AltC Acquisition (ALCC)

AltC Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was formerly known as Churchill Capital Corp VIII and changed its name to AltC Acquisition Corp.

Read Our Latest Research Report on ALCC

CoreWeave (CRWV)

Read Our Latest Research Report on CRWV