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Promising Value Stocks To Research - November 5th

Invesco QQQ logo with background
Image from MarketBeat Media, LLC.

Key Points

  • MarketBeat’s screener highlighted Invesco QQQ, Micron, Sandisk, Alphabet and Intel as value stocks to watch, based on high recent dollar trading volume; the label reflects the screener, not a guarantee that the securities are undervalued.
  • All five fell on Thursday, with particularly steep declines in Micron and Sandisk; the article also reports that their share prices were well below their 50-day moving averages.
  • Sandisk announced an 8-for-1 stock split, with new shares scheduled to be distributed after the market close on November 19 and trading to reflect the split from November 20.
  • Five stocks to consider instead of Invesco QQQ.

Invesco QQQ, Micron Technology, Sandisk, Alphabet, and Intel are the five Value stocks to watch today, according to MarketBeat's stock screener tool. Value stocks are shares that investors believe are priced below their underlying worth, often based on measures such as earnings, assets, or cash flow. Investors buy them expecting the market to eventually recognize their value, though a low price may also reflect real business risks or weak prospects. 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.

Shares of QQQ stock traded down $36.31 during trading hours on Thursday, reaching $655.64. The stock had a trading volume of 95,477,053 shares, compared to its average volume of 47,965,043. The firm has a 50-day simple moving average of $723.55 and a 200-day simple moving average of $679.96. Invesco QQQ has a twelve month low of $555.60 and a twelve month 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.

Micron Technology stock traded down $107.47 during midday trading on Thursday, reaching $687.76. 57,073,308 shares of the stock traded hands, compared to its average volume of 40,286,035. Micron Technology has a fifty-two week low of $192.59 and a fifty-two week high of $1,255.00. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. The firm has a market cap of $778.15 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 0.15 and a beta of 2.36. The firm has a fifty day moving average price of $972.16 and a two-hundred day moving average price of $751.90.

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.

Shares of NASDAQ:SNDK traded down $186.59 during trading hours on Thursday, hitting $850.81. The stock had a trading volume of 23,981,024 shares, compared to its average volume of 14,770,452. The stock's fifty day simple moving average is $1,531.29 and its 200 day simple moving average is $1,261.10. The firm has a market capitalization of $121.06 billion, a price-to-earnings ratio of 6.84, a PEG ratio of 0.09 and a beta of 5.66. Sandisk has a 1-year low of $183.00 and a 1-year high of $2,354.39.

Sandisk's stock is set to split before the market opens on Friday, November 20th. The 8-1 split was announced on Thursday, October 29th. The newly minted shares will be distributed to shareholders after the closing bell on Thursday, November 19th.

Read Our Latest Research Report on SNDK

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.

Shares of NASDAQ GOOGL traded down $3.90 during midday trading on Thursday, hitting $285.03. 37,317,085 shares of the company's stock were exchanged, compared to its average volume of 31,368,078. Alphabet has a twelve month low of $270.70 and a twelve month high of $408.61. The firm has a market cap of $3.49 trillion, a P/E ratio of 14.91, a PEG ratio of 0.84 and a beta of 1.23. The stock's 50 day moving average price is $335.23 and its 200-day moving average price is $339.39. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.69.

Read Our Latest Research Report on GOOGL

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.

INTC traded down $3.98 during trading hours on Thursday, hitting $54.29. The company's stock had a trading volume of 180,702,480 shares, compared to its average volume of 118,467,758. The company has a 50-day simple moving average of $99.38 and a 200 day simple moving average of $86.53. The company has a current ratio of 2.31, a quick ratio of 1.86 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $288.56 billion, a PE ratio of -22.62, a PEG ratio of 6.49 and a beta of 2.42. Intel has a fifty-two week low of $32.89 and a fifty-two week high of $142.35.

Read Our Latest Research Report on INTC

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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