Promising Value Stocks To Follow Today - November 6th

Key Points

• MarketBeat’s value-stock screener highlighted Invesco QQQ, Micron, Sandisk, Intel, and Alphabet, citing their high recent dollar trading volumes. The article notes that a low valuation may signal either an investment opportunity or underlying company problems.
• All five securities rose on Friday. The article reports relatively low valuation ratios for Micron (P/E 9.3), Sandisk (6.6), and Alphabet (14.9), though these figures alone do not establish that the stocks are undervalued.
• Sandisk announced an 8-for-1 stock split, with shares set to split November 20 and new shares payable after the market closes November 19.

Invesco QQQ, Micron Technology, Sandisk, Intel, and Alphabet are the five Value stocks to watch today, according to MarketBeat's stock screener tool. Value stocks are shares that investors believe are trading for less than their underlying business value, often based on measures such as earnings, assets, or cash flow. Investors buy them hoping the market will eventually recognize their worth, though a low price can also reflect real problems with the company. 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.

QQQ traded up $12.16 on Friday, reaching $659.21. The company had a trading volume of 52,694,563 shares, compared to its average volume of 48,161,086. The stock has a 50-day moving average price of $722.27 and a 200-day moving average price of $680.09. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $762.86.

Read Our Latest Research Report on QQQ

Micron Technology (MU)

Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.

Shares of MU stock traded up $37.11 during midday trading on Friday, hitting $693.50. The company had a trading volume of 34,831,587 shares, compared to its average volume of 40,361,805. Micron Technology has a 52-week low of $192.59 and a 52-week high of $1,255.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. The company's 50 day simple moving average is $966.51 and its 200 day simple moving average is $753.37. The stock has a market cap of $784.64 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 0.14 and a beta of 2.36.

Read Our Latest Research Report on MU

Sandisk (SNDK)

SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components.

SNDK stock traded up $21.97 on Friday, reaching $828.40. 14,150,528 shares of the company's stock were exchanged, compared to its average volume of 14,799,493. The stock has a fifty day moving average of $1,517.43 and a 200-day moving average of $1,263.07. The firm has a market cap of $117.87 billion, a PE ratio of 6.60, a P/E/G ratio of 0.08 and a beta of 5.66. Sandisk has a twelve month low of $183.00 and a twelve month high of $2,354.39.

Shares of Sandisk are set to split on Friday, November 20th. The 8-1 split was announced on Thursday, October 29th. The newly issued shares will be payable to shareholders after the closing bell on Thursday, November 19th.

Read Our Latest Research Report on SNDK

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.

Shares of NASDAQ:INTC traded up $4.63 on Friday, reaching $56.88. 119,344,857 shares of the company were exchanged, compared to its average volume of 118,897,203. The firm has a market cap of $302.32 billion, a price-to-earnings ratio of -23.48, a price-to-earnings-growth ratio of 6.23 and a beta of 2.42. Intel has a 1-year low of $32.89 and a 1-year high of $142.35. The company has a 50-day moving average of $98.66 and a 200-day moving average of $86.56. The company has a current ratio of 2.31, a quick ratio of 1.86 and a debt-to-equity ratio of 0.47.

Read Our Latest Research Report on INTC

Alphabet (GOOGL)

Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

Alphabet stock traded up $2.87 during mid-day trading on Friday, reaching $285.44. The company had a trading volume of 23,053,888 shares, compared to its average volume of 31,406,746. Alphabet has a 1 year low of $270.70 and a 1 year high of $408.61. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.69. The company has a market capitalization of $3.49 trillion, a P/E ratio of 14.90, a P/E/G ratio of 0.87 and a beta of 1.23. The stock's 50-day simple moving average is $334.04 and its 200-day simple moving average is $339.15.

Read Our Latest Research Report on GOOGL

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