Top 4 Undervalued Stocks for 2024

Smart investors are always trying to get the best possible deal on whatever security or asset they are buying. The better the deal, the higher the chance of generating a substantial ROI. Within this report you'll find 4 stocks selling below intrinsic value with growth potential.

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Which Large-Cap Stocks Are Winning This Earnings Season? 15 Stocks To Watch (April 28-May 4, 2024)

Lekha Gupta
May 05, 2024

These large-cap stocks were the best performers in the last week amid earnings season. Are they in your portfolio?

  1. Carvana Co. (NYSE:CVNA) shares escalated 39.1% after it reported Q1 revenue of $3.061 billion, which beat the consensus estimate of $2.673 billion. Several analysts raised their forecasts.
  2. NIO Inc. (NYSE:NIO) shares jumped 21.5% after the company's April vehicle deliveries increased 134.6% year-over-year.
  3. Paramount Global (NASDAQ:PARAA) shares surged 21.5% after it reported first-quarter revenue of $7.685 billion, which missed the consensus estimate of $7.732 billion. The company said CEO Bob Bakish is stepping down from the studio. Paramount reportedly got a $26 billion acquisition offer from Sony Group Corporation (NYSE:SONY) and Apollo Global Management, Inc. (NYSE:APO).
  4. Tenet Healthcare Corporation (NYSE:THC) shares rose 20.0% after it reported first-quarter sales of $5.37 billion — beating the consensus of $5.15 billion — and also raised the FY24 outlook. Multiple firms raised their respective price targets on the stock.
  5. Pinterest, Inc. (NYSE:PINS) shares increased 19.9% after the company reported first-quarter revenue of $740 million, which beat the consensus estimate of $699.872 million and a loss per share of $0.04, which beat analyst estimates for a loss of $0.09 per share. Several analysts raise forecasts on the stock.
  6. Bio-Techne Corp (NASDAQ:TECH) increased 17.2% following upbeat Q3 quarterly results and the announcement of a distribution agreement with Thermo Fisher Scientific.
  7. Howmet Aerospace Inc. (NYSE:HWM) shares were up 14.9%  after the company reported better-than-expected Q1 revenue of $1.82 billion, beating the consensus of $1.736 billion, and adjusted EPS stood at $0.57, beating the consensus of $0.52. Few analysts raised the price target on the stock.
  8. Garmin Ltd. (NYSE:GRMN) shares grew 13.9% after it reported first-quarter FY24 revenue of $1.38 billion, beating the consensus of $1.25 billion and proforma EPS of $1.42 beat the consensus of $1.01. Some analysts raised the price target on the stock.
  9. Moderna, Inc. (NASDAQ:MRNA) shares are up 12.5% after it reported sales of $167 million, beating the consensus of $97.5 million, and reported smaller-than-expected Q1 losses.
  10. Snap Inc. (NYSE:SNAP) shares are up 12.5%. The company reported better-than-expected first-quarter results last Thursday
  11. Woodward, Inc. (NASDAQ:WWD) shares increased 11.2% after the company reported better-than-expected Q2 financial results and raised FY24 guidance.
  12. KE Holdings Inc. (NYSE:BEKE) shares are up 9.7%.
  13. JD.Com, Inc. (NASDAQ:JD) shares grew 9.2%.
  14. Amcor Plc (NYSE:AMCR) shares gained 9.1%.
  15. Mobileye Global Inc. (NASDAQ:MBLY) shares rose 8.9%.

See Also: Last Week’s Worst-Performing Stocks: Are These 15 Large-Cap Stocks In Your Portfolio? (April 28-May 4, 2024)

Photo: Shutterstock

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