Top Value Stocks To Follow Now - August 2nd

Key Points

• Invesco QQQ, UnitedHealth Group, and ProShares UltraPro Short QQQ are identified as the top value stocks to monitor, based on high trading volume and low price relative to fundamental worth.
• Invesco QQQ's stock price reached $553.88 recently, with a significant trading volume of over 69 million shares, indicating strong investor interest.
• UnitedHealth Group’s stock has a market capitalization of $215.36 billion and has seen significant trading activity, with a P/E ratio of 10.29, suggesting it may be undervalued.

Invesco QQQ, UnitedHealth Group, and ProShares UltraPro Short QQQ are the three Value stocks to watch today, according to MarketBeat's stock screener tool. Value stocks are shares of companies that trade at prices considered low relative to their fundamental worth—often measured by valuation ratios like price-to-earnings or price-to-book. These firms tend to be well established with stable earnings and sometimes pay dividends. Investors buy them with the expectation that the market will eventually recognize their true value and drive their prices higher. 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.

Invesco QQQ stock traded down $11.13 during trading on Friday, reaching $553.88. The stock had a trading volume of 69,290,965 shares, compared to its average volume of 40,141,440. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $574.63. The business has a 50 day moving average price of $544.01 and a 200 day moving average price of $510.73.

Read Our Latest Research Report on QQQ

UnitedHealth Group (UNH)

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.

NYSE:UNH traded down $12.16 during trading hours on Friday, hitting $237.40. The company's stock had a trading volume of 39,874,177 shares, compared to its average volume of 15,268,949. The stock has a fifty day moving average of $296.86 and a 200-day moving average of $416.24. The stock has a market capitalization of $215.36 billion, a P/E ratio of 10.29, a price-to-earnings-growth ratio of 1.56 and a beta of 0.43. UnitedHealth Group has a 52-week low of $234.60 and a 52-week high of $630.73. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.73.

Read Our Latest Research Report on UNH

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 up $1.10 during midday trading on Friday, hitting $19.52. 182,673,495 shares of the company's stock were exchanged, compared to its average volume of 92,026,367. The firm's fifty day simple moving average is $20.68 and its 200-day simple moving average is $28.36. ProShares UltraPro Short QQQ has a twelve month low of $17.49 and a twelve month high of $57.95.

Read Our Latest Research Report on SQQQ

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