The recent broad market pullback has created an entry point into high-quality stocks, says Strategas Securities. Despite the volatility of last week, the S & P 500 managed to recoup most of its losses and closed just 0.04% lower for the week last Friday. Nonetheless, many stocks are trading below their highs from earlier in the year. "With volatility comes opportunity," chief investment strategist Jason De Sena Trennert wrote in a Monday note.
mountain Qualcomm shares in 2024 Online dating platform Match Group is another name that made the cut. The company has a free cash flow yield of 10.7% and a total coverage ratio of 5.5. Shares are off from their 52-week high by 27% and are negative by around 7.5% year to date. Nonetheless, analysts polled by LSEG believe the stock can climb 25.4% from its current level. About three-fifths of analysts covering the company hold a buy or strong buy rating.
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