Yesterday, August 24, 2022, Dow Jones was trading at ~32,969, the S&P 500 at ~4,140, and Nasdaq at ~12,431. Stocks ended higher and Treasury bond yields rose. And even though investors still seem uncertain, there are always great opportunities worth looking into.
Here, at Big Stocks, we did some research and found the 5 best stocks to purchase tomorrow. These are all undervalued stocks that are issued by stable companies with profitable businesses.
Note: Make sure that you do your own due diligence before you buy any of the following stocks mentioned.
Let’s dive in…
1. Daqo New Energy Corp (NYSE: DQ)
Business
Daqo New Energy Corp, founded in 2006 and based in Shanghai, the People’s Republic of China, is a polysilicon manufacturer.
The company’s polysilicon is used for creating ingots, cells, and modules for solar power solutions by photovoltaic product manufacturers.
Forecast
Based on the 12 analysts’ 12-month median price target of $83.5 and the stock’s trading price, DQ now has a 34.16% upside. The highest price target is $140 which represents a 124.94% upside and the lowest is $69 which represents a 10.86% upside.
Fundamentals
| P/E ratio | 3.03x |
| P/B ratio | 1.75x |
| ROE (Last Year) | 32.47% |
| Revenue Growth (YoY) | 148.49% |
| EPS Growth (YoY) | 473.53% |
| Current Ratio | 3.17x |
| Interest Coverage | 51.33x |
| D/E ratio | 0.26x |
Source: DQ Annual Report
2. Louisiana-Pacific Corp (NYSE: LPX)
Business
Louisiana-Pacific Corp, incorporated in 1972 and headquartered in Nashville, Tennessee, is a manufacturer and marketer of building products that are used in repair and remodeling, new home construction, and outdoor structure markets.
More specifically, the company is a strand board producer that provides engineered wood products.
The company operates through four segments:
- Siding
- OSB
- EWP
- South America
Forecast
Based on the 9 analysts’ 12-month median price target of $72 and the stock’s trading price, LPX now has a 26.32% upside. The highest price target is $82 which represents a 43.86% upside and the lowest is $53 which represents a 7.02% downside.
Fundamentals
| P/E ratio | 3.63x |
| P/B ratio | 3.41x |
| ROE (Last Year) | 111.17% |
| Revenue Growth (YoY) | 63.31% |
| EPS Growth (YoY) | 215.92% |
| Current Ratio | 2.54x |
| Interest Coverage | 130.29x |
| D/E ratio | 0.77x |
Source: LPX Annual Report
3. Brunswick Corp (NYSE: BC)
Business
Brunswick Corp, founded in 1845 and headquartered in Mettawa, Illinois, is a designer, manufacturer, and marketer of recreation products.
The company has well-known brands, such as Mercury MerCruiser inboard engines, Mercury and Mariner outboard engines, Bayliner boats, and Boston Whaler.
It is also the leading manufacturer of fitness equipment, under the Hammer Strength and Life Fitness brands.
Forecast
Based on the 15 analysts’ 12-month median price target of $100 and the stock’s trading price, BC now has a 24.5% upside. The highest price target is $121 which represents a 50.65% upside and the lowest is $85 which represents a 5.83% upside.
Fundamentals
| P/E ratio | 10.03x |
| P/B ratio | 3.12x |
| ROE (Last Year) | 30.99% |
| Revenue Growth (YoY) | 34.47% |
| EPS Growth (YoY) | 61.75% |
| Current Ratio | 1.47x |
| Interest Coverage | 12.27x |
| D/E ratio | 1.83x |
Source: BC Annual Report
4. Littelfuse Inc (NASDAQ: LFUS)
Business
Littelfuse, founded in 1927 and headquartered in Chicago, Illinois, is a manufacturer and seller of circuit protection, sensing, and power control products.
The company’s markets include the consumer electronics, industrial, transportation, and telecommunications end markets.
Littelfuse operates its business through its 3 segments:
- Electronics
- Transportation
- Industrial
Forecast
Based on the 5 analysts’ 12-month median price target of $295 and the stock’s trading price, LFUS now has a 22.23% upside. The highest price target is $330 which represents a 36.73% upside and the lowest is $270 which represents an 11.87% upside.
Fundamentals
| P/E ratio | 17.3c |
| P/B ratio | 3.16c |
| ROE (Last Year) | 14.99% |
| Revenue Growth (YoY) | 43.87% |
| EPS Growth (YoY) | 115.12% |
| Current Ratio | 2.92x |
| Interest Coverage | 20.82x |
| D/E ratio | 0.66x |
Source: LFUS Annual Report
5. Cirrus Logic Inc (NASDAQ: CRUS)
Business
Cirrus Logic Inc, incorporated in 1984 and headquartered in Austin, Texas, is a provider of integrated circuits for voice and audio signal processing applications.
The company’s products are split into two categories: non-portable audio and other products, and portable audio products.
These include mixed-signal and analog components targeting smart homes, mobile devices, and applications in the energy, automotive, and industrial markets.
Forecast
Based on the 10 analysts’ 12-month median price target of $100 and the stock’s trading price, CRUS now has an 18.64% upside. The highest price target is $110 which represents a 30.5% upside and the lowest is $85 which represents a 0.84% upside.
Fundamentals
| P/E ratio | 14.46x |
| P/B ratio | 2.95x |
| ROE (Last Year) | 20.40% |
| Revenue Growth (YoY) | 30.11% |
| EPS Growth (YoY) | 52.49% |
| Current Ratio | 3.17x |
| Interest Coverage | 388.08x |
| D/E ratio | 0.33x |
Source: CRUS Annual Report
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