Seeking Refuge in Bargain Valuations
As the market rallies relentlessly, sending valuations of front-running equities into the stratosphere, the hunt for companies with discounted valuations feels like stumbling upon an oasis in a desert. For investors, laying claim to stocks trading below conventional valuations can provide a reassuring semblance of stability that growth investors often struggle to gulp down.
Among the sea of options, the allure of companies with robust business models, top Zacks Ranks, and robust earnings growth projections is irresistible.
Safety in Perion Networks
Perion Networks orchestrates a global advertising technology (adtech) platform that bridges the gap between advertisers, publishers, and consumers. Specializing in guiding advertisers to targeted audiences through diverse channels like display advertising, video advertising, and search advertising, PERI has recently emerged as a frontrunner in the burgeoning connected TV (CTV) advertising realm within the adtech industry.
Landing a fresh spot on the Zacks Rank #1 (Strong Buy) list today, Perion Networks witnessed a surge in this year’s earnings estimates. Projections for FY24 earnings have been bolstered by 1.2%. Furthermore, sales are forecast to escalate by 17% YoY this year and by 10% the next.
Honda Motor Company: A Revved-Up Bet
Despite the captivating allure of EVs captivating market attention, traditional auto manufacturers find themselves relegated to the backseat in recent years as EV-related fervor skyrockets. However, for discerning investors, this shift presents a tantalizing opportunity.
With EV sales growth tapering in the US and a resurgence in the popularity of hybrid cars, Honda Motor Company has emerged as a beacon of hope. Surpassing Tesla’s performance over the past nine months, HMC offers a promising narrative for investors.
The Rise of KKR & Co.
Over the past four months, private equity behemoth KKR & Co. has been on an awe-inspiring trajectory, eclipsing the returns of an already robust market. Propelled by its surging private credit business, which witnessed exponential growth as traditional lenders turned cautious, investors have flocked to KKR’s stock, propelling it to newfound heights.