Value Stocks To Keep An Eye On - November 10th

Key Points

• Invesco QQQ, Micron Technology and Sandisk topped MarketBeat’s recent dollar-trading-volume screen for value stocks. The article cautions that low valuation alone does not mean a stock is undervalued or will rise.
• All three traded lower Tuesday: QQQ was at $672.14, Micron at $713.15 and Sandisk at $849.31. Micron and Sandisk showed low reported P/E ratios of 9.61 and 6.82, respectively.
• Sandisk announced an 8-for-1 stock split, with shares scheduled to be distributed after the close on November 19 and trading to begin on a split-adjusted basis November 20.

Invesco QQQ, Micron Technology, and Sandisk are the three Value stocks to watch today, according to MarketBeat's stock screener tool. Value stocks are shares of companies that investors believe are trading below their underlying worth, based on measures such as earnings, assets, or cash flow. They may have lower valuations than the broader market or growth stocks, but a low price does not guarantee the shares are undervalued or will rise. 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 traded down $7.21 during midday trading on Tuesday, hitting $672.14. The company had a trading volume of 27,714,647 shares, compared to its average volume of 48,184,117. The company's 50 day moving average price is $720.23 and its 200 day moving average price is $680.65. Invesco QQQ has a 52 week low of $555.60 and a 52 week 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 NASDAQ MU traded down $20.00 during midday trading on Tuesday, hitting $713.15. The company's stock had a trading volume of 21,061,063 shares, compared to its average volume of 40,282,688. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The firm's fifty day moving average price is $957.60 and its 200-day moving average price is $756.71. The firm has a market cap of $806.88 billion, a P/E ratio of 9.61, a P/E/G ratio of 0.14 and a beta of 2.36. Micron Technology has a 1-year low of $192.59 and a 1-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.

SNDK stock traded down $37.20 during mid-day trading on Tuesday, reaching $849.31. The company had a trading volume of 10,675,979 shares, compared to its average volume of 14,794,670. The stock's 50-day simple moving average is $1,492.47 and its two-hundred day simple moving average is $1,266.90. The stock has a market capitalization of $120.85 billion, a P/E ratio of 6.82, a P/E/G ratio of 0.08 and a beta of 5.66. Sandisk has a one year low of $183.00 and a one year high of $2,354.39.

Sandisk's stock is going 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

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