Top Value Stocks To Follow Today - October 23rd

Key Points

• Invesco QQQ, Rigetti Computing, and AltC Acquisition are highlighted as top value stocks to watch, based on high dollar trading volume.
• Rigetti Computing specializes in quantum computing technology, offering quantum processing units and access via quantum computing as a service.
• AltC Acquisition is a SPAC (Special Purpose Acquisition Company) looking to merge with or acquire other businesses, previously known as Churchill Capital Corp VIII.

Invesco QQQ, Rigetti Computing, and AltC Acquisition are the three Value stocks to watch today, according to MarketBeat's stock screener tool. Value stocks are shares of companies that appear inexpensive relative to fundamental measures like earnings, book value, sales, or cash flow—often indicated by low price-to-earnings or price-to-book ratios. Investors buy them expecting the market will eventually recognize the company's underlying value and the price will rise, though some remain cheap due to persistent business problems (so-called "value traps"). 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.

Read Our Latest Research Report on QQQ

Rigetti Computing (RGTI)

Rigetti Computing, Inc., through its subsidiaries, builds quantum computers and the superconducting quantum processors. The company offers cloud in a form of quantum processing unit, such as 9-qubit chip and Ankaa-2 system under the Novera brand name; and sells access to its quantum computers through quantum computing as a service.

Read Our Latest Research Report on RGTI

AltC Acquisition (ALCC)

AltC Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was formerly known as Churchill Capital Corp VIII and changed its name to AltC Acquisition Corp.

Read Our Latest Research Report on ALCC