Value Stocks To Add to Your Watchlist - November 3rd

Key Points

• MarketBeat identified five value stocks to watch: Invesco QQQ, Micron Technology, Sandisk, Alphabet, and Intel, selected based on high recent dollar trading volume among value stocks.
• Several stocks appeared substantially below their recent moving averages: Micron, Sandisk, Alphabet, and Intel were trading below their 50-day and/or 200-day averages, while QQQ was below its 50-day average.
• Sandisk announced an 8-for-1 stock split scheduled for November 20, with shares distributed to holders after the November 19 market close; the company also reported a relatively low forward valuation, with a P/E ratio of 8.88.

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 of companies that appear undervalued relative to their fundamentals, such as earnings, cash flow, or book value. Investors in value stocks typically seek companies with solid business prospects whose market prices may rise as their underlying worth becomes recognized. 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 NASDAQ QQQ traded up $3.24 on Tuesday, reaching $684.33. 23,015,271 shares of the company traded hands, compared to its average volume of 47,608,492. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $762.86. The company has a 50 day moving average of $724.35 and a 200 day moving average of $679.29.

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 traded up $13.69 during mid-day trading on Tuesday, hitting $847.28. The company had a trading volume of 14,888,049 shares, compared to its average volume of 40,203,797. Micron Technology has a 1-year low of $192.59 and a 1-year high of $1,255.00. The business's 50-day simple moving average is $976.02 and its 200-day simple moving average is $747.00. The stock has a market cap of $958.63 billion, a PE ratio of 11.41, a P/E/G ratio of 0.17 and a beta of 2.22. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03.

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 SNDK traded up $34.24 during trading hours on Tuesday, hitting $1,109.32. The stock had a trading volume of 6,085,368 shares, compared to its average volume of 14,732,877. The firm has a market cap of $160.33 billion, a P/E ratio of 8.88, a P/E/G ratio of 0.14 and a beta of 5.23. The company's fifty day simple moving average is $1,547.49 and its 200 day simple moving average is $1,254.27. Sandisk has a 12-month low of $183.00 and a 12-month high of $2,354.39.

Shares of Sandisk are set to split on the morning of Friday, November 20th. The 8-1 split was announced on Thursday, October 29th. The newly created shares will be payable 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 GOOGL stock traded down $0.47 during trading hours on Tuesday, reaching $278.52. The company had a trading volume of 22,650,571 shares, compared to its average volume of 31,186,969. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. Alphabet has a twelve month low of $270.70 and a twelve month high of $408.61. The company has a market capitalization of $3.41 trillion, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 0.94 and a beta of 1.21. The stock's fifty day simple moving average is $337.75 and its 200 day simple moving average is $339.89.

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 stock traded up $0.05 during trading on Tuesday, reaching $60.02. The stock had a trading volume of 100,265,740 shares, compared to its average volume of 117,615,359. Intel has a 1-year low of $32.89 and a 1-year high of $142.35. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $302.74 billion, a P/E ratio of -24.88, a PEG ratio of 10.14 and a beta of 2.22. The firm has a fifty day moving average price of $100.50 and a 200 day moving average price of $86.43.

Read Our Latest Research Report on INTC

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