Value Stocks To Follow Now - November 8th

Key Points

• MarketBeat’s screen identified Invesco QQQ, Micron, SanDisk, Alphabet, Intel, Moderna, and ProShares UltraPro Short QQQ as value stocks to watch, based on their high recent dollar trading volume. The article notes that a low valuation may signal either overlooked value or real business challenges.
• SanDisk announced an 8-for-1 stock split, with the split scheduled before the market opens November 20 and shares payable after the November 19 close.
• The list includes both the Nasdaq-100-tracking QQQ and SQQQ, which targets three times the index’s inverse daily performance, giving the roundup exposure to opposing market directions.

Invesco QQQ, Micron Technology, Sandisk, Alphabet, Intel, Moderna, and ProShares UltraPro Short QQQ are the seven Value stocks to watch today, according to MarketBeat's stock screener tool. Value stocks are shares of companies that investors consider inexpensive relative to measures such as earnings, book value, or cash flow. Investors buy them expecting the market to recognize their underlying worth over time, though a low price can also reflect genuine business challenges. 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.

NASDAQ QQQ traded up $9.05 on Friday, reaching $656.10. The company's stock had a trading volume of 70,404,673 shares, compared to its average volume of 47,126,148. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $762.86. The business has a 50-day moving average price of $720.97 and a 200 day moving average price of $680.33.

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.

MU traded up $33.61 during midday trading on Friday, reaching $690.00. 44,738,293 shares of the company's stock were exchanged, compared to its average volume of 29,303,718. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. The business has a 50-day simple moving average of $961.59 and a two-hundred day simple moving average of $754.99. The firm has a market capitalization of $780.68 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 0.12 and a beta of 2.36. Micron Technology has a one year low of $192.59 and a one year high of $1,255.00.

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 stock traded up $28.63 during trading hours on Friday, hitting $835.06. The company had a trading volume of 17,679,220 shares, compared to its average volume of 10,164,713. Sandisk has a 12 month low of $183.00 and a 12 month high of $2,354.39. The firm's fifty day moving average is $1,504.43 and its 200 day moving average is $1,264.98. The firm has a market capitalization of $118.82 billion, a price-to-earnings ratio of 6.69, a PEG ratio of 0.06 and a beta of 5.66.

Shares of Sandisk are set to split before the market opens 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

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 Alphabet stock traded up $2.21 during midday trading on Friday, hitting $284.78. 36,267,172 shares of the company were exchanged, compared to its average volume of 37,988,992. The firm has a 50 day simple moving average of $332.93 and a 200-day simple moving average of $338.97. 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 firm has a market cap of $3.48 trillion, a P/E ratio of 14.86, a PEG ratio of 0.86 and a beta of 1.23. Alphabet has a 52 week low of $270.70 and a 52 week high of $408.61.

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.

NASDAQ:INTC traded up $4.03 during trading hours on Friday, reaching $56.28. The company had a trading volume of 173,647,728 shares, compared to its average volume of 139,031,056. The stock has a 50-day moving average of $97.95 and a two-hundred day moving average of $86.60. Intel has a one year low of $32.89 and a one year high of $142.35. The firm has a market capitalization of $299.13 billion, a PE ratio of -23.35, a PEG ratio of 6.02 and a beta of 2.42. The company has a quick ratio of 1.86, a current ratio of 2.31 and a debt-to-equity ratio of 0.47.

Read Our Latest Research Report on INTC

Moderna (MRNA)

Moderna, Inc., a biotechnology company, discovers, develops, and commercializes messenger RNA therapeutics and vaccines for the treatment of infectious diseases, immuno-oncology, rare diseases, autoimmune, and cardiovascular diseases in the United States, Europe, and internationally. Its respiratory vaccines include COVID-19, influenza, and respiratory syncytial virus, spikevax, and hMPV/PIV3 vaccines; latent vaccines comprise cytomegalovirus, epstein-barr virus, herpes simplex virus, varicella zoster virus, and human immunodeficiency virus vaccines; public health vaccines consists of Zika, Nipah, Mpox vaccines; and infectious diseases vaccines, such as lyme and norovirus vaccines.

Shares of NASDAQ MRNA traded up $12.73 during midday trading on Friday, reaching $254.19. 16,295,043 shares of the company traded hands, compared to its average volume of 17,257,506. The firm has a market cap of $101.48 billion, a PE ratio of -35.80 and a beta of 1.16. The stock's 50-day simple moving average is $191.85 and its 200-day simple moving average is $91.51. Moderna has a 12 month low of $22.28 and a 12 month high of $267.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.18 and a current ratio of 2.29.

Read Our Latest Research Report on MRNA

ProShares UltraPro Short QQQ (SQQQ)

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market.

Shares of NASDAQ:SQQQ traded down $1.85 on Friday, hitting $47.70. The stock had a trading volume of 77,255,212 shares, compared to its average volume of 56,033,527. The firm's 50 day moving average price is $37.53 and its 200-day moving average price is $49.70. ProShares UltraPro Short QQQ has a twelve month low of $31.42 and a twelve month high of $90.71.

Read Our Latest Research Report on SQQQ

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