Source: Chompoo Suriyo / ĭue to the sharp headwinds of 2022, semiconductor specialist Advanced Micro Devices (NASDAQ: AMD) took quite a beating. Therefore, it’s one of the battered stocks to buy for those who enjoy taking smart risks. ![]() And its net margin of 6.61% beat out nearly 64% of the industry. To top it off, hedge fund sentiment for Seagate ranks as very positive. Further, its three-year revenue growth rate stands at 12.6%, outpacing the 74.39% of its rivals. Thus, as a discount to earnings, Seagate ranks better than 69% of its peers. In contrast, the sector median stands at 22.16 times. Moving forward, contrarians might target it as one of the battered stocks to buy.įinancially, Seagate’s Shiller price-earnings ratio pings at 14.49 times. However, since the January opener, STX gained over 35%. It’s still down significantly on a trailing-year basis. Therefore, it wasn’t particularly surprising that STX ranked among the biggest losers that MarketWatch identified.Īccording to the publication, STX gave up 53.4% of equity value in 2022. Second, the negative impact on data centers led to slower demand for storage equipment. First, the environment of rising borrowing costs didn’t favor the growth-centric tech ecosystem. Also, their average price target stands at $60.23, implying 38% upside potential.Ī data storage company, Seagate Technology (NASDAQ: STX) invariably suffered steep losses last year. In that way, then, Match partially benefits from inelastic demand. Finally, Wall Street analysts dig MTCH, pegging it a consensus moderate buy. Social connection represents a pertinent human need. Plus, Match presents a greater incentivization profile than your typical consumer discretionary service. Nevertheless, Match offers a convenient online mechanism for people to socially connect (I’m going to stick with neutral phrasing here). For instance, mass layoffs – especially for high-paying positions – don’t offer much encouragement. To be completely transparent, the economic circumstances don’t particularly bode well for retail consumer-related enterprises. Later, the Federal Reserve’s interest rate hikes discombobulated the overall framework, posing serious business problems. Therefore, it imposed an affordability crisis on the social scene, if you catch my drift. Throughout 2022, the inflation rate skyrocketed against historical norms. Per MarketWatch, MTCH ended up shedding 68.6% of its market value. Thus, it’s easily one of the battered stocks to buy.įrom a financial perspective, I can see why Match Group (NASDAQ: MTCH) was one of the biggest losers in 2022. And get this – their average price target stands at $112.89, implying over 51% upside potential. Not too many of its competitors can say that.Īlso, PYPL enjoys support from Wall Street analysts, who peg it as a consensus moderate buy. Even in the trailing year, shares remain 28% below parity. However, PayPal commands a long operational history dating back to the dawn of the (modern) internet. Per MarketWatch, shares plunged 62.2% in 2022. And fintech features incredible competition – part of the reason why PYPL performed so poorly. ![]() Of course, PayPal plies its trade in the broader financial technology (fintech) segment. The gig economy is happening and PayPal offers an excellent platform for gig workers (i.e. From 2022 to the end of the forecasted period, this expansion translates to a compound annual growth rate (CAGR) of 16.18%. Experts project that by 2028, the global gig economy could reach a valuation of $873 billion. If you’re patient, I believe this is one of the battered stocks to buy.įundamentally, the narrative undergirding PayPal (NASDAQ: PYPL) comes down to the burgeoning gig economy. Fine – that’s not a reason to murder SE stock. Now, it could be possible that this forecast might be delayed one or two years. This tally actually represents a downgrade from a previous forecast due to economic uncertainty. Nevertheless, the main target is that by 2030, this subsector should reach a valuation of $1 trillion. According to a Reuters article published in October last year, experts project Southeast Asia’s internet economy to be worth $330 billion by 2025. Frankly, such a framework doesn’t inspire confidence.Īt the same time, I look to the fundamentals, as in the bigger-picture fundamentals. ![]() ![]() And that’s inclusive of the nearly 23% lift it enjoyed since the Jan. For instance, in the trailing year, SE remains down 49% below parity. Starting off this list of battered stocks to buy, Singapore-based tech conglomerate Sea Limited (NYSE: SE) isn’t on MarketWatch’s list above.
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