Buy-the-Dip Candidates in the Stock Market: Look at Qualcomm
Stocks are rising Monday after Tom Brady and the Tampa Bay Buccaneers beat Patrick Mahomes and the Kansas City Chiefs to become Super Bowl Champions for the second time in Bucs franchise history. Markets are reacting to the positive news from the stimulus package, not Brady's 7th championship.
Tesla also revealed it bought $1.5 billion worth of Bitcoin in January, which is sending the digital asset surging Monday.
Here are several stocks that fell this past week and could present an opportunity to "buy the dip".
1. GameStop | -80.38% 5 day | +267.13% 1 Month
GameStop (GME) - Get Report is finally coming back down to Earth after WallStreetBets and retail investors sent the brick and mortar video game company surging high to start the year.
Cramer believes GameStop committed a comedy of errors since its stock started soaring higher.
TheStreet Quant Ratings rates GameStop as a Sell with a rating score of D
2. AMC Entertainment | -48.49% 5 day | +244.95 1 Month
AMC Entertainment (AMC) - Get Report shares were rising early in the week before the stock finally start falling. Another Reddit favorite is probably a stock long-term investors want to ignore for now.
TheStreet Quant Ratings rates AMC as a Sell with a rating score of E+.
3. SunPower Corp | -19.40% 5 day | +75.95% 1 Month
SunPower Corp (SPWR) - Get Report is one of the top alternative energy stocks to watch in the first 100 days of the Biden Presidency.
TheStreet Quant Ratings rates SunPower as a Sell with a rating score of D-.
4. Clorox Company | -7.31% 5 day | -14.31% 1 Month
Clorox Company (CLX) - Get Report is still a favorite of Cramer, who believes the cleaning product company is the premier vehicle to clean your house.
TheStreet Quant Ratings rates Clorox as a Buy with a rating score of A-.
5. Nokia Corp. | -8.59% 5 day | +19.39% 1 Month
RobinHood eased its restrictions on certain companies like Nokia Corp (NOK) - Get Report and several other WallStreetBets favorites. This is another stock to ignore for now.
TheStreet Quant Ratings rates Nokia as a Hold with a rating score of C.
6. Clover Health | -8.53% 5 day | -2.64% 1 Month
Hindenburg Research has claimed that Clover Health is under active investigation by the U.S. Department of Justice.
Hindenburg Research accused one of the company's key backers, Chamath Palihapitiya, of misleading investors as it prepared to go public last month.
TheStreet Quant Ratings doesn't have a rating for Clover Health.
7. Qualcomm | -6.68% 5 day | -4.32% 1 Month
Qualcomm (QCOM) - Get Report reported a stronger-than-expected first-quarter profit this past week. The stock is lower on concern about its guidance and a downgrade from Citi.
TheStreet Quant Ratings rates Qualcomm as a Buy with a rating score of A.
8. Cigna | -6.28% 5 day | -7.87% 1 Month
Could Cigna (CI) - Get Report be one of the best healthcare stocks to buy for the Biden Presidency? TheStreet takes a look.
TheStreet Quant Ratings rates Cigna as a Buy with a rating score of B+.
9. BlackBerry | -6.17% 5 day | +95.42% 1 Month
BlackBerry (BB) - Get Report was one of the top stock picks under $10 before 2021 by TheStreet and then got caught up in the retail investor frenzy to start the year.
TheStreet Quant Ratings rates BlackBerry as a Sell with a rating score of D+.
10. DuPont | -4.00% 5 day | +2.79% 1 Month
DuPont (DD) - Get Report reports earnings this upcoming Tuesday. The Action Alerts PLUS holding is rising before the opening bell Monday.
TheStreet Quant Ratings rates DuPont as a Sell with a rating score of D+.
NOTE: Recently, Quantitative Analysis by TheStreet Quant Ratings objectively rated these stocks according to its risk-adjusted total return prospect over a 12-month investment horizon. Not based on the news on any given day, the rating may differ from Jim Cramer's view or that of this articles' author.
DuPont is a key holding in Jim Cramer's Action Alerts PLUS charitable trust. Want to be alerted before Jim Cramer buys or sells any stock? Learn more from Cramer and his membership team now.
