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Top Value Stocks To Watch Now - August 17th

Invesco QQQ logo with background
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Key Points

  • MarketBeat’s value-stock screen identified five names to watch: Invesco QQQ (QQQ), SpaceX (SPCX), Intel (INTC), Nebius Group (NBIS), and Lumentum (LITE), based on their recent high dollar trading volume.
  • The companies span several investment themes, including Nasdaq-100 exposure through QQQ, space and satellite communications through SpaceX, semiconductors and foundry services through Intel, AI cloud infrastructure through Nebius, and optical communications through Lumentum.
  • These stocks are characterized as potentially undervalued relative to fundamentals, though the article primarily provides company descriptions and does not present specific valuation metrics or investment recommendations.
  • Five stocks we like better than Invesco QQQ.

Invesco QQQ, SpaceX, Intel, Nebius Group, and Lumentum are the five Value stocks to watch today, according to MarketBeat's stock screener tool. Value stocks are shares of companies that investors believe are undervalued relative to their underlying fundamentals, such as earnings, assets, or cash flow. They often have relatively low price-to-earnings or price-to-book ratios and may pay dividends, with investors buying them in hopes that the market will eventually recognize their true value. 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

SpaceX (SPCX)

Our mission is to build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars. To do this, we have formed the most ambitious, vertically integrated innovation engine on (and off) Earth with unmatched capabilities to rapidly manufacture and launch space-based communications that connect the world, to harness the Sun to power a truth-seeking artificial intelligence that advances scientific discovery, and ultimately to build a base on the Moon and cities on other planets.

Read Our Latest Research Report on SPCX

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.

Read Our Latest Research Report on INTC

Nebius Group (NBIS)

Nebius Group N.V., a technology company, builds intelligent products and services powered by machine learning and other technologies to help consumers and businesses navigate the online and offline world. The company's services include Nebius AI, an AI-centric cloud platform that offers infrastructure and computing capability for AI deployment and machine-learning oriented solutions; and Toloka AI that offers generative AI (GenAI) solutions at every stage of the GenAI lifecycle, such as data annotation and generation, model training and fine-tuning, and quality assessment of large language model for accuracy and reliability.

Read Our Latest Research Report on NBIS

Lumentum (LITE)

Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.

Read Our Latest Research Report on LITE

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