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Keep these 3 stocks in your buy list after market selloff

BusinessPersonal FinanceKeep these 3 stocks in your buy list after market selloff
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This week’s selloff was fueled by economic concerns in the financial sector following the collapse of SVB Financial Group.SIVB) Silicon Valley Bank.

However, a broad selloff in the markets is creating opportunities and here are three stocks that investors should keep an eye on.

sales force (crm,

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We’ll start the list with Zacks Rank #1 (Strong Buy) because Salesforce’s stock is very intriguing at the moment. Salesforce stock was seeing some nice momentum after crushing its Q4 top and bottom line expectations last week.

The wrench thrown into the rally by macroeconomic concerns could provide investors with a better buying opportunity. Furthermore, a small correction can be healthy and offer long-term support.

Also, the trend of revising earnings estimates following strong fourth-quarter results from Salesforce has been high. That should remain a catalyst for Salesforce stock after the smoke clears from this week’s market decline.

Image source: Zacks Investment Research

For the full quarter, Salesforce’s fiscal 2023 and FY24 earnings estimates have now risen 23% and 29%, respectively. FY 2023 earnings are now expected to climb 33% and rise 26% in FY ’24 to $8.75 per share.

Even better, Salesforce stock is still up +31% year to date, vastly outperforming the S&P 500’s +2% and Nasdaq’s +6%.

Jax Investment Research
Image source: Zacks Investment Research

Sterling Infrastructure (strl,

Then there’s Sterling Infrastructure which sports a Zacks Rank #2 (Buy) and gained some decent momentum after the company recently announced it was awarded a site development project for Hyundai’s EV battery facility happened.

This is on top of stellar growth in 2022, with earnings estimates continuing to be revised for fiscal 2023. Sterling’s earnings are now expected to jump 11% in FY23 and climb 16% in FY24 to $4.07 per share.

Jax Investment Research
Image source: Zacks Investment Research

Sterling stock is up +18% year to date and has vastly outperformed the broader indices, and its attractive valuation and stellar performance over the past few years indicate there may be more upside ahead.

STRL shares trade at $38 and trade at just 11.6X forward earnings, which is well below the industry average of 19.9X and the S&P 500’s 17.9X. Additionally, Sterling stock trades at a slight discount to its decadal high of 298.8X and the median of 12.6X.

Jax Investment Research
Image source: Zacks Investment Research

EPR properties (EPR,

Also off the list is the EPR property which also sports a Zacks Rank #2 (Buy). Many REITs are becoming attractive after a massive selloff among the broader financial sector, and EPR’s stock may be worth considering for its attractive valuation, diversified portfolio, and attractive monthly dividend.

EPR’s properties include megaplex theaters, entertainment retail centers, lodging properties, and early childhood education centers.

Trading 33% from its 52-week high, EPR’s valuation is starting to stand out. EPR trades at $37 per share and 8X forward earnings, well below the industry average of 12.5X and the benchmark.

Jax Investment Research
Image source: Zacks Investment Research

EPR also trades at a 68% discount to its decadal high of 25.2X and a 40% discount to its mid 13.2X. In addition, EPR’s 8.44% dividend yield outperformed the REIT and Reality Trust – Retail Markets’ 4.22% and the S&P 500’s 1.62%.

This should certainly favor patient investors and income seekers as EPR shares are down -9% YTD but are very attractive at their current levels.

Jax Investment Research
Image source: Zacks Investment Research

ground level

Salesforce, Sterling Infrastructure, and EPR Properties stocks look like strong buy candidates after this week’s selloff. There could be a lot of upside ahead for these stocks as volatility eases and we expect a rebound year to continue for many equities.

Jacques Named “Single Best Pick to Double”

From thousands of stocks, 5 Zack experts have picked their favorites to rise +100% or more in the coming months. Of those 5, Sheraz Mian, director of research, picked one to make the most explosive reversal of all.

It’s a little-known chemical company that’s up 65% over the last year, yet still cheap. With continued demand, increased 2022 earnings estimates, and $1.5 billion to repurchase shares, retail investors could jump in at any time.

This company could match or surpass recent Zacks stock sets to double like Boston Beer Co., which rallied +143.0% in a little over 9 months, and NVIDIA, which rallied +175.9% in a year. .

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Click here to read this article on Zacks.com.

Jax Investment Research

The views and opinions expressed here are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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